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Federal Government Demands Digital Overhaul for CFOs, Workiva Positioned as Key Solution

1. Workiva is the only approved GRC platform by the U.S. Treasury for compliance. 2. Federal agencies can utilize Workiva to meet new regulatory requirements.

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FAQ

Why Bullish?

Workiva's exclusive approval positions it as a key player in federal compliance, potentially boosting revenues similar to past regulatory boons experienced by compliance-focused tech companies.

How important is it?

The approval directly enhances Workiva's market position and credibility, likely attracting new clients and revenue streams.

Why Long Term?

The approval could lead to sustained federal contracts over several years, especially with ongoing compliance needs.

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WASHINGTON--(BUSINESS WIRE)--Workiva, the world's leading cloud platform for assured integrated reporting, 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). Workiva can help federal agencies comply with the March 25 executive order, Protecting America's Bank Account Against Fraud, Waste, and Abuse. The executive order mandates financial system consoli.

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