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The Deloitte and Workiva alliance

Automation simplifies reporting activities

Deloitte leverages Workiva—a cloud platform for data collaboration, reporting, and compliance—to streamline and automate finance and management reporting tasks. Workiva is part of Deloitte’s finance and digital transformation portfolio, which helps enhance efficiency by simplifying manual processes.

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Current state

  • Labor intensive, high cost of reporting
  • Limited accountability for data providers
  • Reliance on tools with limited controls, like spreadsheets and email
  • Multiple versions of the truth
  • Inability to trace data back to its sourceInability to reuse and scale materials
  • Limited or no automation and self-service reportingLimited security and governance
  • Limited collaboration or access controls for multiple contributors to work on one document

 

 

Future State

  • End-to-end reporting platform for a single version of the truth
  • Single version of truth
  • Simple collaborative tools
  • Multiple reporting views from the same data
  • Built-in disclosure requirements
  • Direct systems integration and embedded audit trail
  • Data access restricted by role
  • A system for storing and verifying internal controls

Our approach

During a digital transition, the stress of checking countless regulatory frameworks can be daunting. One compliance violation could cause a serious domino effect on your business. Our approach to reporting delivers better visibility and informed decisions.

Our services

Assessments

Use comprehensive evaluations to identify gaps and opportunities in your current reporting processes.

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Implementation

Configure the Workiva platform to meet your specific needs, use cases, and industry.

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Data and Reporting Strategy

Develop a strategic roadmap for data and reporting aligned with system implementations.

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Health Checks / Optimization

Perform regular reviews of platform usage to ensure reporting processes are efficient and effective.

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Operate

Provide ongoing support and management of reporting processes for continuous improvement and compliance.

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      Use cases

  • SEC and financial reporting: Include cash flow statements and XBRL tagging requirements, with Deloitte providing assistance in initial design, setup, and post-go-live needs.
  • Capital markets reporting: Support financial statement setup, design, and outsourced reporting preparation for organizations prepping an initial public offering or a special purpose acquisition company.
  • Global statutory reporting (GSR): Enhance global transparency and control in statutory reporting with entity-specific templates, process redesign, local guidance, and multi-enterprise resource planning connectivity.
  • Federal, state, and local reporting: Configure government-specific reporting while handling related controls for increased efficiency.
  • GRC reporting: Provide integrated solutions for managing risk, supporting compliance, and streamlining audits, while enhancing transparency and accountability among GRC teams.
  • Management reporting: Improve data quality, report output, and collaboration while configuring various reports, including flash, key performance indicators, board, and business unit reporting.
  • Custom reporting: Collaborate with organizations to design and build custom reports tailored to your unique needs.
  • Financial services reporting: Improve control, design, regulatory guidance, and collaboration for industry-specific reports like CCAR and BCBS 239.
  • Insurance reporting: Process design and regulatory guidance for various insurance reports, including insurance statutory reporting, LDTI, and IFRS 17.
  • Tax and TP reporting: Build or update tax and TP processes with financial reporting and support connectivity with other systems.
  • Sustainability reporting: Enhance sustainability reporting through improved data collection, increased connectivity, and refined presentation design.

Why Deloitte and Workiva?

Our dedicated Workiva team boasts a deep bench of accounting, finance, and tech savvy. But that’s just one reason we work so well together.

History

We have been working together since 2016 and have become one of Workiva’s longest alliances.

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Collaboration

Our close relationship ensures effective co-delivered outcomes.

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Wide domain experience

Across all sectors, industries, and 20+ Workiva use cases including financial, regulatory, statutory, and GRC.

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Diverse proficiency

Bringing a comprehensive set of skills to meet client’s needs.

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Global network

US and member firms include EMEA, APAC, LATAM, and Africa.

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Flexible staffing with offshore capabilities

Enabling blended team models and providing global efficiency.

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Joint Effort

We work with you to ensure collaboration throughout the project.

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Global technical accounting and reporting experience

Implementing Workiva leverages our advisory and accounting backgrounds.

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Create a reporting automation strategy for cross-functional transformation with Workiva

Read Deloitte’s article on building an integrated reporting strategy with Workiva. Within this piece, we discuss key elements of reporting transformation and how to utilize Workiva to support financial, Sustainability, and other reporting use cases.

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Workiva Global Partner of the Year for five consecutive years

Get in touch

Valeriy Dokshukin

Valeriy Dokshukin

Partner | Deloitte & Touche LLP
+1 303 305 4858
David Perlmutter

David Perlmutter

Managing Director | Risk and Financial Advisory
+1 646 295 7414

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