Workiva Buys AuditNet to Add Content

4 months right after producing its initial acquisition, compliance administration application agency Workiva stated Tuesday it is getting AuditNet to insert the very first on line portal for the global audit local community to its choices.

AuditNet enables audit practitioners to access and share content material, means, and audit method tools and templates, guiding them by means of regulatory changes, rising hazards, various strategies to tests, and new danger and handle frameworks.

Workiva experienced entered into a strategic partnership with AuditNet in March 2020 to supply its buyers access to AuditNet’s content material catalog. Conditions of its acquisition of AuditNet ended up not disclosed.

“Digital communities like AuditNet … are crucial for firms on the lookout to speed up electronic transformation,” Workiva CEO Marty Vanderploeg said in a information launch. “Workiva’s acquisition of AuditNet provides to our purchaser giving, guaranteeing that corporations of all measurements and maturity can turn to the Workiva platform to swiftly scale their teams, fortify chance assurance, and tremendously boost efficiency in the audit procedure.”

The offer follows Workiva’s obtain in August of OneCloud, a engineering that enterprises use to combine and unify knowledge from hundreds of apps across on-premises or cloud infrastructure.

Workiva, which was founded in 2008, enables firms these types of as Google, Slack, and Delta Air Strains “to join disparate information from across their paperwork, spreadsheets, and presentations to provide automatic and contextual studies to administrators, shareholders, regulators, or anyone else anxious with a company’s compliance and governance.”

Starting in 2022, Workiva will integrate AuditNet’s digital property into its have technological know-how, which includes inserting top quality content in the new Workiva Market.

“This acquisition will make certain that AuditNet’s skills is obtainable and appropriate to even more world audit groups,” AuditNet CEO Jim Kaplan reported. “I believe in Workiva’s mission to ability transparent reporting for a superior world and have noticed how their engineering streamlines procedures to enhance the efficiency and usefulness of audit groups.”

AuditNet, Marty Vanderploeg, reporting compliance, Workiva