Workiva Expands its Platform into New Vertical Market
Summary
AMES, Iowa--(BUSINESS WIRE)--Workiva (NYSE:WK), provider of the world’s leading connected reporting and compliance platform, announced today that it’s expanding its cloud-platform capabilities to serve the vertical market – encompassing electric utility, hydropower and pipeline companies – that reports to the Federal Energy Regulatory Commission (FERC). Last June, FERC adopted XBRL® for its required quarterly and annual reports to improve access to and analysis of digital data. FERC will soon finalize the XBRL taxonomy and implementation date, giving companies time to prepare for the new filing regulations, which are expected to begin later this year. “Companies are ready to replace their onerous, manual processes for FERC reporting with our platform,” said Julie Iskow, COO of Workiva. “This aligns with our strategy to expand into additional key vertical markets to help our customers solve industry challenges and leverage our platform’s broader capabilities as they work to digitally transform their businesses.” Workiva, provider of the world’s leading connected reporting and compliance platform, is used by thousands of enterprises across 180 countries, including 75 percent of Fortune 500® companies, and by government agencies.
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