Home > Risk Management Software > Workiva > Workiva vs Veriforce

Workiva vs Veriforce

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Our analysts compared Workiva vs Veriforce based on data from our 400+ point analysis of Risk Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Overview Pricing Benefits & Features User Ratings Analyst Summary Screenshots
Workiva Software Tool
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Veriforce Software Tool
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Product Basics

Workiva is a cloud-based reporting platform that globally connects an organization’s workforce with its data sets and data sources. It combines all user data under a single digital roof to remove any errors and ensure complete transparency. Provides automatic and secure scheduling of repetitive tasks and recycles redundant data and reports into functional assets. It allows users to visualize data relating to ERP, consolidation, compliance, security, budgeting and more by connecting everything under one secure reporting module.

A live-updating dashboard with a code-free interface allows for easy analysis and data reporting. It auto-updates linked cross-organizational data for a seamless reporting experience.
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Veriforce offers a comprehensive software solution designed to streamline risk management tasks, making it particularly beneficial for industries with stringent safety and compliance requirements. The platform excels in managing contractor safety, compliance, and workforce training, ensuring that all regulatory standards are met efficiently. Companies in sectors such as oil and gas, utilities, and construction find Veriforce especially useful due to its robust features tailored to their specific needs.

Key benefits of using Veriforce include enhanced visibility into compliance status, reduced administrative burden, and improved safety outcomes. Popular features include real-time tracking of compliance metrics, automated alerts for non-compliance issues, and detailed reporting capabilities. Users appreciate the intuitive interface and the ability to customize the platform to fit their unique operational requirements.

In terms of pricing, Veriforce typically operates on a subscription model, with costs varying based on the number of users and the specific features required. This flexible pricing structure allows businesses of different sizes to find a suitable plan. Compared to similar products, Veriforce is often praised for its user-friendly design and comprehensive support, making it a preferred choice for many organizations focused on rigorous risk management.

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Product Assistance

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Knowledge Base
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Product Insights

  • Centralized Data Storage: Store all internal control tests and documents in one centrally accessible database.  
  • Automated Reports: Save a ton of time and resources with built-in automation for regulatory and financial reporting processes. 
  • Intuitive Accounting Interface: Employees can adjust faster to the accounting module due to the platform’s visual and functional similarity with Word and Excel. 
  • Fast Data Access: Quickly access all necessary data and reports from anywhere within the U.S. Instantaneously update all changes throughout the server and eliminate inconsistencies in datasets. 
  • Easy Data Sync: Automatically update data across multiple documents in real time by linking to each other. Save time spent on manual edits and deduplication. 
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  • Enhanced Compliance: Veriforce ensures adherence to industry regulations by automating compliance tracking and reporting, reducing the risk of non-compliance penalties.
  • Improved Safety: By centralizing safety protocols and training records, Veriforce helps organizations maintain a safer work environment, minimizing workplace incidents.
  • Streamlined Contractor Management: The software simplifies the vetting and monitoring of contractors, ensuring that only qualified and compliant contractors are engaged.
  • Efficient Risk Mitigation: Veriforce provides tools to identify, assess, and mitigate risks proactively, helping to prevent potential issues before they escalate.
  • Data-Driven Decision Making: With comprehensive analytics and reporting features, Veriforce enables informed decision-making based on real-time data insights.
  • Cost Savings: By reducing the administrative burden and improving operational efficiency, Veriforce helps organizations save on compliance and risk management costs.
  • Centralized Documentation: The platform offers a single repository for all compliance and safety documents, making it easy to access and manage critical information.
  • Customizable Workflows: Veriforce allows organizations to tailor workflows to their specific needs, enhancing operational flexibility and efficiency.
  • Enhanced Accountability: The software tracks and logs all actions, ensuring transparency and accountability across the organization.
  • Scalability: Veriforce can scale with the growth of your organization, accommodating increasing numbers of contractors and compliance requirements without compromising performance.
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  • Enterprise Risk: Get a 360-degree picture of risk with dedicated assessment and remediation capabilities. Generate reports and perform internal audits to make informed business decisions. 
    • Risk Assessment: Track and assess risks in real time. Prepare risk assessment spreadsheets and act on critical risk information first. 
    • Aggregation and Analysis: Correlate and analyze multiple data sources to find the complete context behind risk information. Categorize risks by datasets like historic risk ratings, risk owners, pillars and more. 
    • Risk Prioritization: Prioritize critical risk throughout the environment with key risk indicator (KRI) information. 
    • Risk Reporting: Create up-to-date risk reports with data visualization options. Combine information from KRIs and risk owners with heat maps, graphs and scatter and bubble charts to prepare reports on enterprise risk. 
  • Internal Audit Management: Streamline the auditing process with custom templates and automated evidence gathering, certification, reporting and planning tools. Access relevant data, manage audits and follow up on tasks. 
    • Audit Analytics: Automatically populate audit reports in a no-code environment to highlight any exceptions. 
    • Templates: Process audits faster with over 3,000 purpose-built AuditNet templates. 
    • Audit Reporting: Increase stakeholder and audit committee engagement with personalized audit reports. Tailor reports accordingly by elaborating on specific details. 
    • Follow Up: Automatically drill down into complicated reports to elaborate on observations and recommended courses of action. 
  • Policy and Procedure Management: Manage policies and procedures across the entire organization. Maintain an up-to-date inventory of auditable policies and procedures. 
    • Policy Indexes: Correlate policies with regulations, controls, processes and risks to create an interconnected and centralized master index. Standardize policies with templates and automatically update changes. 
    • Review Permissions: Review and edit documents directly from the platform. Streamline the review process with automated assessments and audits. 
    • Document History: Track all edits to policy documents with full version history. Send documents for bulk approval and leave comments and reviews within the content. 
    • Attestation Tracking: Track policy status, link current document versions and schedule deadlines. Sign and approve policies from any device and export records for auditing purposes. 
  • Internal Controls: Improve the visibility and security of risk information with internal controls. Allow risk and control owners to make updates with full transparency. 
    • Documentation: Implement role-based permissions to control access to information. Review, edit and update files in their native formats with the Microsoft Office 365 integration. Instantly visualize updates by linking data fields to narratives and flowcharts. 
    • Testing: Perform random sampling tests with single or bulk tasks. Monitor test progress, attach samples and communicate results from the dashboard. Automatically corroborate evidence and track response. 
    • Reporting: Run convenient and tailored reports for data fields including issues tracking, COSO mapping, status reporting and more. Deliver accurate risk information to senior management, business partners and stakeholders. 
    • Certification: Leverage letter templates, customizable certificates and reminders to establish an efficient certification process. Sign and approve certificates from any device with an internet connection. 
  • FERC Reporting: Meet the Federal Energy Regulatory Commission’s (FERC) standards with accurate and prompt XBRL tagging. Work on connected datasets in real time to eliminate errors. Supported forms include electric (Form No. 1, 1-F, 3-Q, 714), gas (Form No. 2, 2A, 3Q), oil (Form No. 6, 6-Q) and service companies (Form No. 60). 
  • SEC Reporting: Streamline the preparation and filing of proxy statements, tax disclosures, 10-Qs, 10-Ks, 8-Ks, 20-Fs, Section 16 and more. Comply with European regulations like Solvency II, CIPC, IFRS and more. Link datasets to narratives and consolidate both structured and unstructured information with EDGAR and XBRL services. 
  • Capital Market Transactions: Implement a greater degree of control over debt, equity, IPO and M&A deals. Prepare documentation for capital market transactions, mergers, acquisitions, debt-offerings and take-private deals with preconfigured workflows. 
    • Speed and Accuracy: Link numbers and texts across multiple files to process transactional documentation faster. Streamline the evaluation process by automatically creating review, sign-off and commentary tasks within documents and reports. 
    • Risk Reduction: Eliminate inconsistent numbers, version inaccuracy and certification errors with a single consolidated data source. Maintain accountability, security and transparency with complete version history and permission-based access. 

    • Limitations

    At the time of this review, these are the limitations according to user feedback:

    •  Users located outside the US can experience latency issues in the SOX module. 
    •  The NextGen platform has a few incomplete features and bugs. 
    •  Involves a steep learning curve. 
    •  High subscription charges. 

    Suite Support

    Visit the vendor’s support center to learn more about using the platform; online resources include patch notes, beginner’s guides, articles, hot topics and transition assets. The community forum hosts discussions, events, webinars and feedback.

    mail_outlineEmail: [email protected].
    phonePhone: (800) 706-6526. Additional phone numbers for customers in other regions are available on the vendor’s website.
    schoolTraining: Log in to the vendor’s website to access the Learning Hub. Online training is available in the form of guided courses, videos, newsletters and simulations.
    local_offerTickets: Visit the vendor’s website to submit a support ticket.
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  • Compliance Management: Streamlines the process of tracking and managing regulatory compliance requirements across various jurisdictions.
  • Contractor Management: Facilitates the onboarding, qualification, and monitoring of contractors to ensure they meet safety and compliance standards.
  • Incident Management: Provides tools for reporting, tracking, and analyzing workplace incidents to improve safety protocols and reduce future risks.
  • Training and Certification Tracking: Keeps records of employee training and certifications, ensuring that all personnel are qualified for their roles.
  • Audit Management: Simplifies the scheduling, execution, and documentation of internal and external audits to ensure compliance and identify areas for improvement.
  • Document Management: Centralizes the storage and retrieval of critical documents, making it easier to maintain up-to-date records and ensure accessibility.
  • Risk Assessment Tools: Offers comprehensive tools for identifying, evaluating, and mitigating risks within the organization.
  • Performance Analytics: Provides detailed analytics and reporting capabilities to monitor key performance indicators and drive data-driven decision-making.
  • Mobile Accessibility: Ensures that users can access the platform and perform essential tasks from mobile devices, enhancing flexibility and responsiveness.
  • Customizable Dashboards: Allows users to create personalized dashboards to quickly access the most relevant information and metrics.
  • Integration Capabilities: Supports integration with other enterprise systems, such as ERP and HR software, to streamline data flow and improve operational efficiency.
  • Real-Time Notifications: Sends instant alerts and notifications to keep stakeholders informed of critical updates and changes.
  • User-Friendly Interface: Features an intuitive and easy-to-navigate interface, reducing the learning curve and enhancing user experience.
  • Regulatory Updates: Keeps users informed of the latest regulatory changes and updates, helping organizations stay compliant with evolving standards.
  • Custom Reporting: Enables the creation of tailored reports to meet specific business needs and regulatory requirements.
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Product Ranking

#9

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#14

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Risk Management Software

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User Sentiment Summary

Excellent User Sentiment 587 reviews
Poor User Sentiment 3 reviews
92%
of users recommend this product

Workiva has a 'excellent' User Satisfaction Rating of 92% when considering 587 user reviews from 3 recognized software review sites.

26%
of users recommend this product

Veriforce has a 'poor' User Satisfaction Rating of 26% when considering 3 user reviews from 1 recognized software review sites.

4.6 (58)
n/a
4.6 (36)
1.3 (3)
4.6 (493)
n/a

Awards

Workiva stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

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Synopsis of User Ratings and Reviews

Functionality: 69% of users who reviewed this aspect were satisfied with the platform’s functionalities, including internal controls and issue Testing, SOX narratives, auditing, and policy management.
Ease of Use: According to 61% of users mentioning this element, the platform’s intuitive UI makes it easy to use.
Sharing and Collaboration: All the users who mentioned this element said the platform made it easier to share documents and collaborate on projects.
Service and Support: 83% of users reviewing customer support said it’s highly responsive and knowledgeable.
Automation: 100% of reviewers mentioning automation found it helpful to learn and apply new formats and automate financial and regulatory processes.
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Easy to Use: Users consistently praise Veriforce for its intuitive interface, making it easy to navigate and manage even complex risk assessments.
Comprehensive Risk Management: Veriforce offers a wide range of features, allowing users to track and manage various risks, from safety hazards to compliance issues, in a single platform.
Strong Reporting Capabilities: Users appreciate the detailed reports generated by Veriforce, providing valuable insights into risk trends and helping them make informed decisions.
Excellent Customer Support: Veriforce is known for its responsive and helpful customer support team, providing timely assistance and resolving issues efficiently.
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Speed and Performance: 100% of users mentioning performance said they experienced bugs, glitches and slow upload and export speed on the NextGen platform.
Cost: All the users who reviewed this aspect found the system’s subscription charges higher than its competitors.
Training Resources: 60% of users mentioning this element said the platform requires more training material to compensate for its steep learning curve.
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Limited Customization: Some users have reported difficulty tailoring the platform to their specific risk management needs, finding it inflexible and lacking in customization options. For example, they may not be able to create custom reports or dashboards that align with their unique risk profiles.
Steep Learning Curve: The platform's interface can be complex and challenging to navigate, requiring significant time and effort to master. This can be particularly frustrating for users who are new to risk management software or who have limited technical expertise.
Lack of Mobile Optimization: The platform's mobile app is not as robust or user-friendly as its desktop version, making it difficult to manage risks on the go. This can be a significant drawback for organizations that require their risk managers to be able to access and update information from anywhere.
Integration Challenges: Integrating Veriforce with other systems can be a complex and time-consuming process, leading to potential data inconsistencies and workflow disruptions. This can be a major obstacle for organizations that rely on a variety of software applications to manage their operations.
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Workiva is a cloud-based comprehensive reporting platform that provides unrestricted global access to FERC and SEC reporting modules, internal controls, and audit and policy management tools for complete in-house risk management. The platform can be difficult to learn initially, but a responsive support team makes it easier to understand the functionalities. In addition, automated reporting processes add a lot of value to the platform. However, the NextGen platform has a few performance issues. Updates can cause temporary glitches and bugs, resulting in unforced errors in datasets. All in all, Workiva is a safe bet for vulnerability management software. In spite of high subscription costs, it’s an excellent candidate if you can fit it into your budget.

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Is Veriforce a force to be reckoned with in the world of risk management software, or is it a force for frustration? User reviews from the past year paint a bleak picture of Veriforce. The software is criticized for its poor customer service, which is described as "horrible" and "the worst ever." Users report difficulty getting in touch with customer support, with calls going unanswered and messages ignored for weeks. This lack of responsiveness is a major concern for businesses that rely on Veriforce to manage their supply chain risks, as it can lead to delays and disruptions in operations. While Veriforce offers a comprehensive suite of features, including contractor management, operator qualification programs, and safety monitoring, these features are overshadowed by the platform's unreliable customer support. Users who have experienced these issues are quick to point out that Veriforce falls short compared to similar products like ISN, Avetta, and TPS, which are known for their responsive customer service. Veriforce's lack of customer support is a significant drawback, as it can lead to frustration and dissatisfaction among users. Ultimately, Veriforce is best suited for businesses that are willing to tolerate poor customer service and are comfortable with the risk of delays and disruptions in their operations.

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