Market Overview

Workiva to Help Modernize Disclosure Across State and Local Governments


XBRL US Consortium Selects Workiva's Dean Ritz to Chair Subcommittee
on Data Modeling and Taxonomy

(NYSE:WK), a leader in data collaboration, reporting and compliance
solutions, today announces that XBRL US, a national consortium for the
XBRL business reporting standard, has appointed Dean Ritz of Workiva to
chair a data modeling and taxonomy subcommittee of the new XBRL
US State and Local Government Disclosure Modernization Working Group

The Working Group will define open data standards for various state and
local government reports, including Comprehensive Annual Financial
Reports (CAFR), Single Audit packages and Annual Financial Reports
(AFR). Experts from companies, universities, consultancies and
nonprofits are serving on the Working Group and its four subcommittees
to improve efficiencies in data collection, financial reporting
processes and distribution and subsequent data analysis across the more
than 90,000 state and local governments in the United States.

"We strongly support the efforts of XBRL US to improve the value of
government data," said Marty Vanderploeg, CEO of Workiva. "XBRL is
becoming the global standard for financial reporting because it results
in high quality, well-structured data that is easy to access and

"Our Working Group has an opportunity to transform state and local
government reporting," said Dean Ritz, Senior Director of Digital
Reporting Strategy for Workiva. "The movement from static documents to
open data is spreading to dozens of countries, and we will apply the
wealth of experience gained from those efforts to our work." Ritz's
subcommittee will develop the information model and its implementation
in XBRL.

"With our Wdesk platform, we have helped thousands of organizations
improve data quality, increase efficiencies and ease regulatory
burdens," added Vanderploeg. "We want to offer these same benefits to
state and local governments."

About Workiva

Workiva delivers Wdesk, a leading enterprise cloud platform for data
collaboration, reporting and compliance that is used by thousands of
organizations worldwide, including over 75 percent of the Fortune 500®.
Companies of all sizes, state and local governments and educational
institutions use Wdesk to help mitigate risk, improve productivity and
gain confidence in their data-driven decisions. For more information
about Workiva (NYSE:WK), please visit

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