Highspring’s Workiva-enabled services
Our partnership with Workiva ensures value-driven implementation and support, streamlined integration, and enhanced platform utilization and effectiveness. We develop custom workflows, templates, reports, and dashboards, providing greater insights, along with continuous optimization and training to meet evolving business needs. See where we excel:
Financial Reporting
Highspring leverages Workiva’s cloud-based platform to help businesses streamline their financial and non-financial reporting processes. Our services include real-time collaboration, automated data collection and analysis, and customizable reporting templates designed to enhance efficiency and accuracy in financial reporting.
Governance, Risk, and Compliance
Environmental, Social, and Governance
Sarbanes-Oxley Act Readiness and Compliance
Optimization
- Confirm goals of the optimization strategy.
- Compare integration and functionality against best practices.
- Evaluate risks and controls against best practices.
- Identify gaps and develop remediation plans to enhance solution functionality and risk controls.
Managed Services
- Offer financial reporting expertise.
- Identify and confirm risks and controls.
- Test controls and document the results within Workiva.
- Create dashboards and reports for management.
- Provide ongoing maintenance and support.
Our approach
Preimplementation
- Identify the business case for Workiva.
- Ensure alignment among business stakeholders and Workiva.
- Confirm technical and functional requirements.
- Develop an implementation roadmap.
Implementation
- Create an implementation project plan.
- Identify and confirm key master data.
- Define and build key integrations and system dependencies.
- Build Workiva solutions in alignment with technical and functional requirements.
- Conduct user training and onboarding.
- Assist with implementation and integration.
FEATURED CASE STUDYWORKIVA SOLUTIONS
A top 10 bank
The bank’s SOX advisory team partnered with Highspring to streamline its walkthrough process and modernize Workiva Wdesk functionality. Challenges included managing 50+ annual walkthrough meetings, spending excessive time on low-risk processes, inefficient risk assessments, outdated control narratives, and poor coordination between business units.
With our expertise, the bank cut senior executives’ SOX meeting time and eliminated over 30 walkthrough meetings by introducing streamlined virtual e-forms. These changes reduced external audit fees by $200,000. We identified ineffective processes and controls for quick remediation, boosting efficiency. Finally, we combined process documentation into a single flowchart in Workiva Wdesk, aligning IT and business process controls for better coordination.
FEATURED CASE STUDYWORKIVA SOLUTIONS
A cloud-based data analytics company
As a newly public company, the client needed a risk advisory partner to manage and lead its SOX compliance program. Key goals included optimizing and standardizing their financial reporting controls and coordinating with their external auditor.
We used Workiva Wdesk to deliver SOX compliance services, keeping documentation secure, controlled, and accessible. Our collaboration with external auditors provided a strong understanding of business processes, systems, and key controls. This allowed for comprehensive testing and achieved about 50% reliance on our efforts. Our partnership helped the company meet compliance goals while streamlining financial reporting.
Our team
Our fully trained and experienced team includes individuals with certifications across all Workiva modules and expertise across financial reporting, risk and controls, and ESG compliance. Our professionals hold relevant industry certifications, such as CPA, CISA, CISSP, and FSA, and have proven track records of successful implementations and managed services.
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