Archer
Archer provides a holistic integrated risk management platform that helps you manage governance, risk, and compliance across your entire enterprise through a single, unified dashboard.
Workiva
Workiva is a cloud-based platform that simplifies complex reporting and compliance by connecting your data and teams in a single, secure environment for financial, ESG, and risk management.
Quick Comparison
| Feature | Archer | Workiva |
|---|---|---|
| Website | archerirm.com | workiva.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2001 | 2008 |
| Headquarters | Overland Park, USA | Ames, USA |
Overview
Archer
Archer is an integrated risk management platform designed to help you see and manage risk across your entire organization. Instead of dealing with disconnected spreadsheets, you get a centralized system to track everything from IT security and third-party vendors to regulatory compliance and operational resiliency. You can build a clear picture of your risk landscape and make faster, more informed decisions to protect your business.
The platform is built for mid-to-large enterprises in highly regulated industries like finance, healthcare, and government. You can automate complex workflows, conduct risk assessments, and generate detailed reports for auditors or board members. It helps you break down silos between departments so everyone works from the same data, ensuring your risk strategy aligns with your actual business goals.
Workiva
Workiva helps you streamline your most complex reporting and compliance tasks by bringing all your data into one secure, cloud-based workspace. You can connect information directly from your source systems to your final reports, ensuring that every number and narrative remains consistent across spreadsheets, documents, and presentations. This eliminates the manual effort of copying and pasting data and reduces the risk of errors in critical filings.
You can use the platform to manage everything from SEC filings and annual reports to ESG disclosures and internal audits. It allows your teams to collaborate in real-time with full audit trails, so you always know who changed what and when. Whether you are a large enterprise or a growing company, you can automate repetitive reporting workflows and focus your energy on analyzing data rather than just collecting it.
Overview
Archer Features
- Centralized Risk Catalog Store and manage all your enterprise risks in one place to maintain a single version of truth.
- Automated Workflows Streamline your assessment processes and remediation tasks with automated triggers and notifications to save time.
- Third-Party Management Monitor your vendor ecosystem and assess third-party risks to ensure your supply chain remains secure.
- Regulatory Mapping Map your internal controls to global regulations and standards to simplify your compliance reporting.
- Dynamic Dashboards Visualize your risk posture in real-time with customizable charts and reports for executive stakeholders.
- Incident Management Track and resolve security or operational incidents quickly using standardized response templates and tracking.
Workiva Features
- Data Linking. Link your data across documents, spreadsheets, and presentations so a single change updates every instance automatically.
- Real-time Collaboration. Work simultaneously with your teammates on the same document while maintaining a clear audit trail of every edit.
- Direct Data Integration. Connect directly to your ERP, CRM, or HCM systems to pull fresh data without manual exports or uploads.
- XBRL Tagging. Apply standardized tags to your financial data easily to meet regulatory requirements for digital reporting and filings.
- Workflow Automation. Automate your review cycles and task assignments to keep your reporting process moving forward without manual follow-ups.
- Granular Permissions. Control exactly who can view or edit specific sections of your reports to maintain data security and confidentiality.
Pricing Comparison
Archer Pricing
Workiva Pricing
Pros & Cons
Archer
Pros
- Extremely flexible and highly customizable to unique workflows
- Strong reporting capabilities for complex audit requirements
- Comprehensive coverage of multiple GRC use cases
- Robust community and large user ecosystem for support
- Reliable data integrity for large-scale enterprise deployments
Cons
- Significant learning curve for new administrators
- Implementation can be time-consuming and resource-intensive
- User interface feels dated compared to newer competitors
- Requires dedicated personnel to maintain and configure
Workiva
Pros
- Eliminates manual data entry errors through automated linking
- Simplifies complex SEC and ESG filing processes significantly
- Excellent customer support and dedicated success managers
- Strong version control and detailed audit history tracking
Cons
- Higher price point compared to basic reporting tools
- Initial setup and implementation requires significant time
- Learning curve for advanced XBRL tagging features