Market Overview

Workiva Helps Brown-Forman Centralize Enterprise Risk Management Data


(NYSE:WK), a leading provider of solutions for enterprise productivity,
announces that Brown-Forman
(NYSE:BF) uses Wdesk to centralize its Enterprise Risk
Management (ERM) data and process, thereby saving time and improving

Andy Kim, Vice President and Director of Risk Management for
Brown-Forman, assesses company-wide risks that include brand and
reputation risks, potential recalls, and catastrophic, foreign exchange
and taxation issues. He uses Wdesk
to streamline the company's ERM
process and link all of the company's risk-assessment information in a
single platform.

"My old process was manual, so there was a lot of room for error," said
Kim. "Before we used Wdesk, we'd make a change close to the end of our
annual reporting period, and I'd have to change it on three separate
documents. Now with Wdesk linking, every time I make a change in the
risk registry, it automatically updates in the heat map and the

"The aspects of Wdesk I value most are the time savings, improved
accuracy and archiving," Kim said. "Wdesk saves me about eight hours per
report and leaves me more time to focus on risk mitigation planning and

Kim worked closely with his Workiva customer success manager during the
initial phase of implementation. "He took the time to help me understand
the best way to use Wdesk, and he was instrumental in streamlining our
process," Kim said.

"Wdesk is flexible so I can customize my process going forward," he
said. "It also helps me be more organized, and I know that I have the
latest version at the end of the day."

"Wdesk improves accountability, which is critical to our risk management
programs," said Kim. "We are not required to have an ERM program, but we
perform one as a best practice. We often include risk-and-reward
analysis in our decision-making, and our board appreciates the focus
provided by our ERM program."

About Workiva

Workiva (NYSE:WK) delivers Wdesk, an intuitive cloud platform that
modernizes how people work within thousands of organizations, including
over 70 percent of the FORTUNE 500®. Wdesk is built upon a
data management engine, offering controlled collaboration, data
integration, granular permissions and a full audit trail. Wdesk helps
mitigate risk, improves productivity and gives users confidence in their
data-driven decisions. Workiva employs more than 1,200 people with
offices in 16 cities. The company is headquartered in Ames, Iowa. For
more information, visit

Claim not confirmed by FORTUNE or Time Inc. FORTUNE 500® is a
registered trademark of Time Inc. and is used under license. FORTUNE and
Time Inc. are not affiliated with, and do not endorse products or
services of, Workiva Inc.

About Brown-Forman

For more than 145 years, Brown-Forman Corporation has enriched the
experience of life by responsibly building fine quality beverage alcohol
brands, including Jack Daniel's Tennessee Whiskey, Jack Daniel's & Cola,
Jack Daniel's Tennessee Honey, Gentleman Jack, Jack Daniel's Single
Barrel, Finlandia, Korbel, el Jimador, Woodford Reserve, Canadian Mist,
Herradura, New Mix, Sonoma-Cutrer, Early Times, and Chambord.
Brown-Forman's brands are supported by nearly 4,600 employees and sold
in approximately 160 countries worldwide. For more information about the
company, please visit

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