Workiva launches new AI-based solution to support governance, risk, and compliance

Workiva has unveiled a new AI-enabled solution to support Governance, Risk, and Compliance (GRC). Workiva is an AI-powered platform for trust, transparency, and accountability. The announcement came at the Institute of Internal Auditors’ Great Audit Minds conference in Las Vegas.

Industry analysts have noted that the demands for regulation, AI governance, and real-time assurance have grown. However, the gap between platform-driven organisations and those relying on point solutions increasingly poses a business risk rather than just operational inefficiency.

In response to these challenges, nearly 80% of business leaders are prioritising data automation and governance. Organisations like Braze, Patrick Industries, and StoneX are leveraging the connectivity and intelligence of Workiva platform to unify their data. In addition to simplifying collaboration, and stay ahead of emerging risks.

Automation eliminates manual work

According to Junko Swain, SVP and Chief Accounting Officer, Workiva, “Visionary CFOs are looking beyond incremental efficiency. They are looking to a future where automation eliminates manual audit work entirely.”

“Our customers are driving towards zero human-initiated tasks, expanding their capacity for real-time insights and proactive guidance. Businesses are navigating historic uncertainty as technology advancements and an endless stream of data expose the limits of standalone tools. Connecting finance, audit, and risk on a single intelligent platform is the foundation for a future where AI fundamentally transforms how assurance work gets done.”

As internal audit integrates the IIA’s new Global Internal Audit Standards, Workiva provides CFOs with advanced audit, risk, and controls solutions to implement these standards efficiently. Therefore, by combining GRC with data automation and reporting on a unified platform, Workiva reduces silos and boosts efficiency. Moreover, the platform’s connectivity and transparency ensure trust from source data to final disclosure.

The AI Engine for modern assurance

Finance, risk, and audit executives pivot from reacting to historical findings to anticipating emerging threats with Controls Management. A new controls environment features intelligent dashboards continuously monitoring control health. The solution surfaces real-time insights, transforming the audit trail into a competitive advantage.

Bradley Niedzielski, Audit & Assurance Partner, Business Controls Advisory Leader, Deloitte & Touche LLP suggests, “As AI adoption accelerates, compliance teams across the organisation are adapting their approaches to better anticipate risk and support informed decision-making for the CFO and the board. This often requiring both the right skillsets and the right tools.

“While most compliance teams already bring strong critical thinking capabilities, Workiva helps connect enterprise data to provide timely insights. Deloitte is thrilled to work with Workiva to support compliance functions as they continue evolving their operating.”

Auditors elevated to executive advisors

Lean internal audit teams accomplish more with the AI-driven workflows, pre-built cry frameworks, and testing automation of Audit Management. Without adding headcount, focus transitions from compliance coordination to proactive risk intelligence and C-suite advisory.

From enterprise risk to enterprise resilience

Business leaders can gain a unified view of enterprise risk with Risk Management. Connected intelligence uncovers systemic and emerging threats, fuelling transparent, AI-powered recommendations and confidence in strategic decisions.

Enterprise Times: What this means for businesses

Workiva’s launch of its AI-powered GRC platform signals an opportunity for businesses seeking to modernise their assurance, audit, and risk management processes. Therefore by moving from fragmented, point solutions to a unified platform, organisations can break down data silos and gain executive clarity. Hopefully, this will enable enterprise leaders to make informed decisions with greater confidence.

Businesses need enhanced transparency to improved efficiency and the ability to adapt quickly to regulatory changes. Workiva says with AI-driven workflows, intelligent dashboards, and automated testing, organisations can achieve more without increasing headcount.

The platform’s connectivity is expected to support enterprise resilience. Thus, offering a unified view of risk and facilitating confident, data-driven decision-making at the executive level. This reimagining of GRC is not just an operational upgrade. On paper, it offers a strategic advantage for enterprises navigating an increasingly complex risk landscape.

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