Workiva’s IT Risk & Compliance capabilities are part of its broader Governance, Risk, and Compliance (GRC) offering. The solution provides linked data and collaboration features for managing risk, controls, audits, and compliance evidence while maintaining traceability between reports and underlying data to reduce versioning errors.
In practical terms, Workiva is often used to:
- Centralize risk/control libraries, testing, and evidence collection (SOX, ITGC, operational controls)
- Coordinate internal audit workflows and maintain audit trails
- Produce board-/regulator-ready reporting with traceability and linkage across documents/spreadsheets
- Connect data sources and support multi-stakeholder collaboration (risk owners, IT, audit, finance)
Workiva has recently promoted enhancements around AI/automation and a platform-oriented approach to GRC in vendor communications. The vendor frames the offering as combining reporting and collaboration capabilities with GRC functionality.