Four months soon after creating its first acquisition, compliance administration program firm Workiva claimed Tuesday it is obtaining AuditNet to increase the first on the net portal for the world audit community to its offerings.
AuditNet enables audit practitioners to obtain and share articles, assets, and audit system tools and templates, guiding them via regulatory adjustments, rising dangers, diverse approaches to screening, and new hazard and handle frameworks.
Workiva had entered into a strategic partnership with AuditNet in March 2020 to supply its buyers obtain to AuditNet’s articles catalog. Terms of its acquisition of AuditNet were being not disclosed.
“Digital communities like AuditNet … are important for enterprises hunting to accelerate electronic transformation,” Workiva CEO Marty Vanderploeg claimed in a news release. “Workiva’s acquisition of AuditNet provides to our shopper providing, making certain that companies of all dimensions and maturity can convert to the Workiva system to immediately scale their groups, improve hazard assurance, and tremendously increase effectiveness in the audit process.”
The deal follows Workiva’s obtain in August of OneCloud, a technological innovation that enterprises use to integrate and unify info from thousands of programs throughout on-premises or cloud infrastructure.
Workiva, which was launched in 2008, allows businesses these kinds of as Google, Slack, and Delta Air Traces “to link disparate info from throughout their files, spreadsheets, and displays to serve automated and contextual experiences to professionals, shareholders, regulators, or any person else involved with a company’s compliance and governance.”
Starting up in 2022, Workiva will integrate AuditNet’s electronic property into its possess technological innovation, which includes placing top quality articles in the new Workiva Marketplace.
“This acquisition will guarantee that AuditNet’s experience is accessible and related to even a lot more world audit groups,” AuditNet CEO Jim Kaplan claimed. “I believe that in Workiva’s mission to electricity transparent reporting for a improved environment and have found how their technological innovation streamlines procedures to increase the effectiveness and performance of audit groups.”