PwC India and Workiva partner to help enterprises automate risk and compliance

PwC India, a professional services provider, has joined forces with Workiva, a cloud platform specializing in integrated reporting. The goal is to address the growing demand in India for precise and transparent disclosures as well as Governance, Risk, and Compliance (GRC). 

This strategic partnership is centered on enhancing the customer experience. It combines PwC India's expertise in reporting and GRC with Workiva's specialized solution. The aim is to assist Indian businesses in bolstering stakeholder confidence by improving the consistency, accuracy, timeliness, and ownership of their reports and operations.  

This includes financials, ESG, audit, risk, controls, policy adherence, and other local regulatory requirements. The partnership will enable the integration of people, processes, and data within Workiva's unified SaaS platform, reducing risk, increasing control, fostering collaboration, and freeing up time for more valuable tasks. 

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." 

It's worth noting that last month, PwC announced a three-year global Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to accelerate innovation, enhance operational efficiency, and transform business practices. This agreement underscores PwC's commitment to leveraging cloud technology to deliver human-led and tech-powered solutions, aligning with its global strategy to build trust and drive sustained outcomes.