Workiva Integration

Planful and Workiva have partnered to optimize the financial reporting process by providing APIs to integrate Workiva’s Wdesk (a collaborative work management platform) with Planful platforms. With the ability to integrate data directly from Planful into the Workiva Wdesk platform, organizations can achieve a seamless financial close, consolidation, reporting, and disclosure process.

You might leverage this integration by using Planful to generate US GAAP and IFRS compliant balance sheets, income statements, statements of cash flow, and other financial and statutory reports. Create board-ready reports and presentations integrating structured financial and operational data with unstructured data and commentary. And, leverage Wdesk to create and manage complex reporting requirements, including SEC filings, XBRL, and iXBRL.

You’ll use Host APIs to extract the metadata (the report structure) and data (the data in the report) directly from your financial reports generated within Planful. These APIs are integrated with Workiva via Boomi. The extracted financial metadata and data are loaded to the WDesk platform, which automates the process of generating SEC filings and XBRL tagging.

Because the APIs extract data directly from your financial reports, the need for consolidation, the generation of financial statements, and other manual steps in WDesk is eliminated. Additionally, these APIs provide you with the option to override page-level parameters on the Dynamic Report.

Additionally, the request API call is capable of overriding partial page filters applied to a Dynamic Report. So, for example, in the Request sample code below, the Scenario in a Dynamic Report is set to 100. You can change the parameter in the API request to run the report for Scenario 102 without making a change to the Dynamic Report or other filters.

API authentication for data and metadata extraction as well as dimension security on the data is applied based on the Integration User as configured for the data load APIs.