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SAP Business Planning and Consolidation vs Workiva Wdesk comparison

 

Comparison Buyer's Guide

Executive Summary

Review summaries and opinions

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Categories and Ranking

SAP Business Planning and C...
Ranking in Financial Close Software
13th
Average Rating
7.0
Number of Reviews
1
Ranking in other categories
Financial Performance and Strategy Management (5th)
Workiva Wdesk
Ranking in Financial Close Software
6th
Average Rating
7.0
Reviews Sentiment
7.0
Number of Reviews
7
Ranking in other categories
Business Performance Management (11th), GRC (9th)
 

Mindshare comparison

As of March 2026, in the Financial Close Software category, the mindshare of SAP Business Planning and Consolidation is 4.7%, down from 6.7% compared to the previous year. The mindshare of Workiva Wdesk is 6.0%, down from 6.6% compared to the previous year. It is calculated based on PeerSpot user engagement data.
Financial Close Software Mindshare Distribution
ProductMindshare (%)
Workiva Wdesk6.0%
SAP Business Planning and Consolidation4.7%
Other89.3%
Financial Close Software
 

Featured Reviews

it_user90087 - PeerSpot reviewer
Senior Consultant at a tech services company with 51-200 employees
​​It's a robust solution with no issues​. In my view, it is necessary to introduce another way to create reports apart from MS Excel.
There are no tutorials or wizards inside the tool, and I think they would be very useful sometimes. Having said that, I suspect that it is one of the SAP's strategies, because they get a lot of money from SAP training and don't want people learning who to work with their products on their own. There is another thing as well which could be improved. In my view, it is necessary to introduce another way to create reports apart from MS Excel, and it must be a way that can be exploited through mobile devices as well.
reviewer2510292 - PeerSpot reviewer
Corporate ESG Analyst at a university with 1,001-5,000 employees
Has cross-functional connectivity but improvement is needed in script encoding
The tool's deployment is quick. Once the program is set up, you're ready to collect data and connect it to your report. The deployment team's size depends on the size of the company and how many different data providers you're utilizing. Some companies have one person doing everything, while others have a huge team. We're on the latter end of it, with many people involved. One great thing about the platform is that everything is consolidated in one place, providing a single resource for everyone. This is a benefit. The maintenance of the solution depends on the experience of the person managing the company's program. The company might have a contractor handling the back end and software management if they're low-level and only analyzing the data. However, if you have someone experienced with software and script encoding, that person might be the analyst and managing the program. Generally, most people are just analysts and not managing the software. There's an opportunity for improvement in user management of their software, and I hope they address this gap before the year ends.

Quotes from Members

We asked business professionals to review the solutions they use. Here are some excerpts of what they said:
 

Pros

"Up to the implementation of the application, it used to take weeks to the consolidation team to carry out the entire, monthly, financial consolidation, now it takes them just one or two days to perform the entire process."
"It makes the compliance process more efficient and more effective."
"It helps you to maintain a backup of your data, including the connectivity with the tables, which provides a user-friendly way to handle and access your files."
"The collaboration within the platform is valuable."
"Workiva Wdesk is pretty good in terms of getting the data from the system, automating the reporting schedules...It has a very good integration with ERP tools."
"The cross-functionality between connectivity, whether through API connections between different software platforms or the connection of data collection to the actual written ESG report, is highly valuable. The connectivity of all these aspects significantly aids in data assurance, which I consider a bonus."
"The most valuable feature is its ability to easily upload and update financial results, creating a dynamic data sheet."
"Workiva Wdesk has a flow diagram that is standardized, making it easy for people to file documents on ECDAs, which are in HTML format."
 

Cons

"There are no tutorials or wizards inside the tool, and I think they would be very useful sometimes."
"The speed must be improved."
"At this point, I don't see a compelling reason to invest in Workiva. It may be necessary for compliance and controlling the version of SCC, but not everyone needs its high-end capabilities."
"One area where Workiva Wdesk could improve is by ensuring that its cloud-based system is fully compatible with the most current versions of PowerPoint and Excel."
"The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandatory or voluntary reporting requirements, leading to lost linkage connections that must be manually reset each time a change is made. This aspect is not functional now, and I see it as an opportunity for improvement."
"The most critical issue is the need to shift between uppercase and lowercase."
"With this product, it's more about the integrated data model where you can have a one-to-many/many-to-one relationship between your policies and processes, risks, and controls. They need to showcase how you can put those pieces together."
"Regarding the solution, reporting has certain areas that can be considered for improvement."
 

Pricing and Cost Advice

Information not available
"Our clients in Asia think that the solution is too expensive."
report
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Top Industries

By visitors reading reviews
Manufacturing Company
14%
Energy/Utilities Company
10%
Financial Services Firm
7%
Comms Service Provider
7%
Financial Services Firm
16%
Manufacturing Company
8%
Computer Software Company
7%
Insurance Company
7%
 

Company Size

By reviewers
Large Enterprise
Midsize Enterprise
Small Business
No data available
By reviewers
Company SizeCount
Small Business1
Midsize Enterprise1
Large Enterprise5
 

Questions from the Community

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Earn 20 points
What needs improvement with Workiva Wdesk?
The tool's script encoding needs to be updated to make it more user-friendly and less of a manual process when changes are made to a company's program. Those changes happen frequently due to mandat...
What advice do you have for others considering Workiva Wdesk?
I've been working with the tool's script encoding departments and top management to address gaps in their script encoding. They are working towards closing these gaps to ensure we can continue usin...
 

Also Known As

SAP BPC
Wdesk
 

Overview

 

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