Workiva Buys AuditNet to Add Content
4 months after creating its initial acquisition, compliance administration computer software business Workiva explained Tuesday it is buying AuditNet to increase the initially online portal for the international audit neighborhood to its choices.
AuditNet allows audit practitioners to obtain and share articles, assets, and audit method tools and templates, guiding them via regulatory improvements, rising threats, various strategies to tests, and new possibility and regulate frameworks.
Workiva had entered into a strategic partnership with AuditNet in March 2020 to present its consumers access to AuditNet’s information catalog. Conditions of its acquisition of AuditNet were being not disclosed.
“Digital communities like AuditNet … are crucial for enterprises seeking to speed up electronic transformation,” Workiva CEO Marty Vanderploeg claimed in a information release. “Workiva’s acquisition of AuditNet adds to our shopper providing, making certain that businesses of all measurements and maturity can transform to the Workiva platform to promptly scale their groups, strengthen chance assurance, and considerably make improvements to efficiency in the audit approach.”
The offer follows Workiva’s order in August of OneCloud, a technological innovation that enterprises use to combine and unify info from countless numbers of applications throughout on-premises or cloud infrastructure.
Workiva, which was launched in 2008, enables businesses such as Google, Slack, and Delta Air Strains “to join disparate info from throughout their paperwork, spreadsheets, and presentations to provide automatic and contextual stories to supervisors, shareholders, regulators, or anybody else involved with a company’s compliance and governance.”
Starting in 2022, Workiva will combine AuditNet’s digital belongings into its very own know-how, like inserting premium content material in the new Workiva Marketplace.
“This acquisition will assure that AuditNet’s experience is obtainable and appropriate to even additional world audit groups,” AuditNet CEO Jim Kaplan reported. “I believe that in Workiva’s mission to power clear reporting for a better planet and have seen how their technological innovation streamlines procedures to improve the efficiency and performance of audit teams.”
