Workiva announced on April 15, 2025, that it is the only financial reporting and Governance, Risk, and Compliance (GRC) platform approved by the U.S. Department of Treasury's Financial Management Quality Service Management Office (FM QSMO). This approval positions Workiva as a key solution for federal agencies.
This exclusive designation enables Workiva to assist federal agencies in complying with an executive order issued on March 25, 'Protecting America's Bank Account Against Fraud, Waste, and Abuse.' The order mandates financial system consolidation across government entities.
The approval signifies a major market opportunity for Workiva within the federal government sector, leveraging its platform to streamline complex financial reporting and compliance processes. This strategic positioning is expected to drive significant demand for Workiva's assured integrated reporting solutions among federal clients.
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