AMES, Iowa–(BUSINESS WIRE)– Workiva (NYSE:WK), a leading connected reporting and compliance platform provider, announced today it is expanding its cloud-platform capabilities to serve the utilities vertical market — encompassing electric utility, hydropower and pipeline companies — that reports to the Federal Energy Regulatory Commission (FERC).
Last June, FERC adopted Workiva’s 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,” says Julie Iskow, COO of Workiva. “Our customers will have the ability to integrate and connect data from their systems and applications, tag it under XBRL taxonomy rules and submit electronic filings – all within the Workiva platform.
“Our new vertical solution will reside on the Workiva platform, along with our industry-specific solutions for financial services, government and higher education,” she adds.
Workiva is the largest provider of XBRL filings to the Securities and Exchange Commission (SEC). SEC reporting is similar to FERC reporting because both processes rely on much of the same source data. Many of the companies that are required to file FERC reports are already Workiva SEC reporting customers.
For more information about Workiva (NYSE:WK), please visit workiva.com.
Contacts
Kevin McCarthy
Workiva Inc.
(515) 663-4471
press@workiva.com
