Business Wire and Workiva
I'm exploring the Business Wire option in Workiva. Does anyone have any advice or knowledge on the subject? Does the option to file through Business Wire cost any extra? I know that Business Wire charges for the service but does Workiva charge to turn on that feature? Is anyone else using it? If so, do you like it? Does it add value?
Great convo! I can help answer some of your questions, for sure.
As far as cost from Workiva, there is no additional charge to your existing Wdesk subscription, however, Business Wire does have an annual fee to access the Press Tab in Wdesk. This is only if you do not already have the Business Wire integration enabled.
In terms of how many are using the integration, so far over 150 different companies have used the Business Wire Press Tab in Wdesk, and int total Wdesk has done over 800 submissions to Business Wire.
If you have any additional questions or would like to get in touch with Business Wire directly, let me know and I'd be happy to facilitate a conversation.
Definitely interested as well in how others feel about it as well. Thanks again for the questions and let me know if you need anything. Have a great day in the meantime. Cheers!0
We did a demo with BW and the feature looked neat. It saves you from having to save the file down and emailing it. However, workiva charges $1K (per year) to turn it on. In my humble opinion, the time that it would save does not out weight the cost. After seeing the demo, there is no way I would pay that kind of money for that feature. In addition, I feel we already pay a TON for our licenses and believe that this should be included. Therefore we will not be using it. Hopefully workiva will add it as a standard feature as a part of the new SEC license structure.0 Thank you Mike! I already have a contact with Business Wire. You are always so helpful! Have a great day!0 That is helpful! Thank you.0
Awe, thanks! You stay awesome :)0
Yes, we use the feature but I didn't realize that it charges $1K a year. I would also remove this as it is not worth the extra money as the functionality is very minimal.-1
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