Four months just after generating its to start with acquisition, compliance administration program business Workiva mentioned Tuesday it is purchasing AuditNet to add the to start with on-line portal for the worldwide audit community to its offerings.
AuditNet enables audit practitioners to access and share information, sources, and audit program resources and templates, guiding them via regulatory changes, emerging pitfalls, diverse approaches to tests, and new danger and command frameworks.
Workiva experienced entered into a strategic partnership with AuditNet in March 2020 to present its customers access to AuditNet’s information catalog. Terms of its acquisition of AuditNet had been not disclosed.
“Digital communities like AuditNet … are essential for enterprises hunting to speed up electronic transformation,” Workiva CEO Marty Vanderploeg mentioned in a news release. “Workiva’s acquisition of AuditNet provides to our buyer providing, making sure that companies of all sizes and maturity can transform to the Workiva platform to swiftly scale their teams, reinforce danger assurance, and drastically enhance efficiency in the audit approach.”
The offer follows Workiva’s acquire in August of OneCloud, a know-how that enterprises use to integrate and unify knowledge from thousands of apps across on-premises or cloud infrastructure.
Workiva, which was launched in 2008, enables businesses these types of as Google, Slack, and Delta Air Strains “to connect disparate knowledge from across their paperwork, spreadsheets, and displays to serve automatic and contextual reviews to professionals, shareholders, regulators, or everyone else involved with a company’s compliance and governance.”
Commencing in 2022, Workiva will integrate AuditNet’s electronic property into its personal know-how, which include putting premium information in the new Workiva Marketplace.
“This acquisition will ensure that AuditNet’s know-how is accessible and pertinent to even much more worldwide audit teams,” AuditNet CEO Jim Kaplan mentioned. “I imagine in Workiva’s mission to ability transparent reporting for a far better planet and have observed how their know-how streamlines processes to raise the efficiency and efficiency of audit teams.”