PwC India and Workiva Announce Strategic Alliance to Help Indian Enterprises for Automating Risk and Compliance Functions

PwC India today announced a strategic partnership with Workiva (NYSE:WK), a leading cloud platform for assured integrated reporting to meet increasing demands in India for accurate and transparent disclosures and Governance, Risk and Compliance (GRC).

Enhancing customer experience is at the heart of this alliance. Combining PwC India’s subject matter knowledge and experience in reporting as well as GRC with Workiva’s fit-for-purpose solution, can help Indian enterprises enhance stakeholder confidence through greater consistency, accuracy, timeliness and ownership over their reports and operations covering financials, ESG, audit, risk, controls, policy and other local regulatory compliances. This will be achieved by connecting people, processes, and data within Workiva’s unified SaaS platform for reduced risk, increased control, enhanced collaboration, and ultimately giving time back to the teams for more rewarding work.

Sivarama Krishnan, Partner & Leader - Risk Consulting, PwC India said, “A strong GRC strategy can be a strategic asset that drives business performance. By embedding management mechanisms that proactively identify, measure, prioritise and manage risk, leaders can gain valuable insights they need to make informed decisions. Workiva’s technology solutions will complement our full range of integrated control, compliance and certification capabilities across all sectors.”

Erik Saito, SVP & General Manager, EMEA & APAC of Workiva said, "Our strong partnership with PwC goes a long way. Our expanded alliance with PwC India brings great synergy into the India market as we help organisations navigate reporting challenges and implement best practices for an optimised and sustainable result. Technology can help financial reporting, ESG and GRC teams work together more efficiently to produce assured integrated reports on the timelines that stakeholders are demanding. Rather than choosing software that addresses only financial reporting, ESG or GRC, Workiva is a platform that all three teams can use. Through PwC India, we bring this integrated ecosystem to life."

Speaking on the partnership, Vivek Belgavi, Partner & Leader - Alliances & Ecosystems, PwC India said, “Workiva is a great addition to PwC India’s expanding alliance ecosystem to help empower businesses in their decision making process by delivering complete control over data across outputs with a visibility into the entire GRC process, from early risk identification to final reports.”

About Workiva

Workiva Inc. (NYSE:WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading cloud platform for assured integrated reporting to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Workiva offers the only unified SaaS platform that brings customers’ financial reporting, Environmental, Social, and Governance (ESG), and Governance, Risk, and Compliance (GRC) together in a controlled, secure, audit-ready platform. Our platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at https://www.workiva.com.

One of the World’s 1st Free-of-Cost Course on "Enterprise Risk Management for Startups" Launched By IRM India in Partnership with Invest India

• Registrations for the self-paced ERM course starts on 26th January 2021
• Consists of 6 modules delivered by an IRM international trainer and IRM India coach

Mumbai, 25th January 2021: India Affiliate of Institute of Risk Management, UK, the world leader in professional Enterprise Risk Management (ERM) qualifications across 143 countries, has partnered with Invest India, to launch a free course on “Enterprise Risk Management for Startups”, especially designed to help founders and other stakeholders in the entrepreneurial ecosystem identify and manage enterprise-wide risks including supply chain risks, cybersecurity risks, reputation risks, financial risks, and many more. Registration for the free course will open for Indian entrepreneurs from 26th January 2021.

Discussing the launch of the course, Hersh Shah, CEO, India Affiliate of Institute of Risk Management, UK said, “We are thrilled to introduce the world’s first free ERM course for startups, in collaboration with Invest India, as part of our mission to facilitate the development of a crisis-ready entrepreneurial ecosystem in the country. We are also honoured by this association which recognizes IRM India as a thought leader in enterprise risk management.

Risks are an inevitable yet integral part of entrepreneurship and a structured approach to managing these risks is often ignored in the early stages of business. While none of these risks can be eliminated, entrepreneurs must learn how to manage uncertainties across departments to protect the objectives and enhance the growth of their business. With increasing business failures and external complexities, it is imperative that startups prepare for disruptions in the future so that they can successfully navigate crises like the Covid-19."

"Invest India has been working towards strengthening the startup ecosystem, and with the help of corporate partners, we are making our startups enterprise-ready. Frugal innovations, which form the core of the Indian startup ecosystem, provide a plethora of solutions to combat the socio-economic issues in the country and across the globe. Invest India is committed to ensuring new-age innovations drive growth, prosperity & development in New India.”, said Deepak Bagla, MD & CEO, Invest India.

Enterprise Risk Management for Startups consist of 6 modules that have been curated by two of IRM’s senior experts. The course will familiarise participants with the essentials of 360-degree risk management, and teach them how to identify and respond to uncertainties and threats across the value chain. In the wake of the pandemic, even private equity funds and angel investors have started evaluating startups based on their ability to manage risks and crises.

Course Outline:

• Introduction to Enterprise Risk Management
• Start-ups and Risk Management 
• What is Risk? 
• Covid-19 Case 
• Risk Management Process 
• How Can Start-ups Implement Risk Management? 

Interested participants can check their eligibility and register for the course at https://www.theirmindia.org/startup-risk-management