The IBM Environmental Intelligence Suite is an AI-powered SaaS solution that provides intelligence to proactively manage the economic impact of severe weather and climate-change events built on weather data.
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Workiva
Score 8.5 out of 10
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Workiva is a cloud platform supporting ESG protecting, designed to provide collaboration, data integration, and an audit trail. The platform helps mitigate risk, and improves productivity.
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Pricing
IBM Environmental Intelligence Suite (EIS)
Workiva
Editions & Modules
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No answers on this topic
Offerings
Pricing Offerings
IBM Environmental Intelligence Suite (EIS)
Workiva
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
IBM Environmental Intelligence Suite (EIS)
Workiva
Features
IBM Environmental Intelligence Suite (EIS)
Workiva
Governance, Risk & Compliance
Comparison of Governance, Risk & Compliance features of Product A and Product B
IBM Environmental Intelligence Suite (EIS)
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Ratings
Workiva
7.9
6 Ratings
5% above category average
Common repository of GRC items
00 Ratings
8.05 Ratings
Risk management
00 Ratings
7.75 Ratings
Integration with Corporate Performance Management (CPM) systems
I feel IBM Environmental Intelligence Suite (EIS) is well suited for any organization that is growing and developing programs for sustainability and need geospatial type data to work with analytic tools. Being in the energy services space that was very helpful with some of our ESG reporting requirements.
Wdesk is best suited for companies with demanding SEC filings and documents, with multiple revisions due to auditor/counsel review, and where financial reporting is extremely manual. Wdesk really helps take out the potential errors out of extremely manual processes, and helps automate regular financial reporting by allowing companies to link financial information and build customized flows of their information into financial statements and other documents (such as presentations or other internal reporting).
Presented meaningful charts and tables of our climate data in the 4 countries we operate and showed strengths and weaknesses across each market.
Formatted the presentation materials so our team did not have to take the reports and put them into a presentable format. We were able to leverage the technology's outputs in raw form which was very helpful and saved a lot of time.
Applied this to some of our client's data to see how we can better serve their business based off the different climates, environments, and countries they operate in (specifically within the real estate sector which is a large portion of our business).
The biggest strength of the program for our team is that multiple users can work in the document at the same time. Multiple users can be in the program updating financial statements, footnotes, MD&A - all without stepping on each other's toes.
Rolling forward the documents from one period to the next is pretty simple. Links to source documents are maintained and new ones can be added without much hassle.
Edits and changes can be made right up until the last minute before filing. There is no waiting period or pencils-down period unless we enforce one ourselves - the Financial Reporting team is in control of the timing of our filings.
Given the newness of the platform we have struggled with the integration and onboarding as previously mentioned. Not only from getting our team members setup and able to use the platform but also integrating our current systems to be compatible we had to reach out to the customer support team quite a bit.
Overall it's a good-to-go product because of its features. It's easy to set up, meets requirements, has quality support, etc. So far, it has been working quite well for me, and I wish to continue using it for as long as it meets my requirements.
Workiva's technical support is impeccable and undoubtedly one of the best. The times we needed them, they were super quick and willing to help. It works 24 hours a day, and there will always be someone to help with doubts or technical problems regarding the tool.
We moved from a third party filer to doing it in house. Have seen demos of products like Active Disclosure, which has come a long way from the beta version I saw and but we are not too far gone with Wdesk for us to evaluate other products. When we first signed up with Webfilings, (former name of Workiva), there were no viable products in the market. I had seen an Oracle product and a beta version of Active Disclosure. It was not hard to see the ease and intuitive-screens, to guide one through the filing process. The excel-like spreadsheets were an added bonus.
We were able to scale back our workforce in the EMEA regions due to inefficiencies based off the insights we received.
We had a lot of data we did not know how to use. With IBM Environmental Intelligence Suite we cut back on 40% of our staff's hours to sift the data and analyze. Instead this time was spent loading the tool and analyzing the results as opposed to the more administrative aspect.
Our efficiency metrics (based on internal firm performance criteria) went up by 2 points (35%) for our offshore resourcing once we were able to integrate them into the tool.
We spend less than we used to with a traditional printer.
We have been able to do turn-on-a-dime equity offerings with last minute changes and still file on time.
Inviting external legal into the platform has helped with communication but we actually suspect they spend MORE time (and billing) on our documents than they used to just simply because it's so easy to get at them anytime they want.
