Multinational Networking and Security Company Increases Transparency, Stays Ahead of Risk with Workiva and KPMG
Disconnected Challenges
- Difficulty sharing results with leadership
- Lack of unified control environment
- Unable to pivot quickly to shifting business needs or regulations
Connected Results
- Real-time reporting makes it easy to share information and facilitate critical discussions
- Flexible platform enables agility and adaptability
- One centralized location to manage all operational and compliance controls across the business
Why They Chose Workiva
Workiva Solutions
- Internal Controls Management
Scaling with tech—a dynamic environment
With ongoing acquisitions, divestitures, and constant business changes, a compliance team at a multinational networking and security company needed a platform that could scale with them. That’s why when the new head of financial compliance joined, he was thrilled to learn they were using the Workiva platform: “I was very excited to be part of an organization that is leveraging the Workiva platform for its flexibility, configurability, and ease of use for end-user interaction and reporting.”
Workiva's support coupled with the platform's flexibility has helped them remain agile. “Working with support, we can quickly add a new field and capture relevant data based on our amended risk assessment,” he said.
Increasing transparency
One major benefit of the Workiva platform is how it’s helping the team increase transparency and alignment with stakeholders. They can easily report on progress and results to keep leadership informed. “For us, reporting is a critical aspect of what we use the Workiva platform for. Workiva makes it simple to extract information in an easy and digestible way.”
Staying ahead of risks and regulations
From the PCAOB to the SEC, keeping up with new regulations and associated risks can be challenging. KPMG has been a trusted partner to help the compliance team do just that. “KPMG has a very close pulse on the regulatory environment. They're on the ground getting that information and sharing it with us as a trusted advisor—and that’s critical for us,” he said.
“I love the fact that I get to interact with leaders who are building strong SOX, ESG, and compliance programs,” Sue King, Partner at KPMG LLP, said. When it comes to technology, Sue said “having the flexibility to adapt to a company-specific environment is important,” and that Workiva hits the mark. “As a company, Workiva is able to pivot and adapt to customer needs as well as new regulations.”
Given the increase and complex nature of ESG regulations, the head of financial compliance is focused on the organization’s ESG readiness journey. He said they are currently working to align resources, processes, and controls, and emphasized just how crucial it is to bring stakeholders together. “It’s really important to get key business owners together and work in a unified way to achieve the ultimate objectives.”
See how Workiva can simplify your audit, risk, and compliance processes. Request a demo at workiva.com/demo.
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