Reporting publishes the numbers. We govern the decisions beneath them.
Workiva is connected reporting and compliance disclosure — the system that assembles the LP pack, the regulatory filing, the connected report. Capital Refinery sits above it as the decision integrity layer that determines whether the underlying IC decisions deserve to move forward into those reports.
The stack publishes. Capital Refinery governs the decision.
What Workiva owns
Connected reporting, compliance, regulated disclosure.
Strong for regulatory output, structured disclosure, LP report assembly, and connected enterprise reporting. The right tool for the reporting and compliance layer.
What Capital Refinery owns
The IC decision and the drift after it.
Lane-aware IC memo, Risk Signals graded against firm policy, source-backed numbers, IC anchor on approval, drift tracking after the room votes, signed exports the LP can verify.
Why teams run both
Workiva publishes the report. Capital Refinery defends the decisions inside it.
When the LP reads the Workiva-published report and asks why a position is still held, Capital Refinery is where the answer renders — IC anchor, drift since approval, Risk Signals against firm policy. Two layers of one defensible workflow.
Institutional readiness measurement
Workiva solves connected reporting for SEC filings, financial close, and audit workflows. Capital Refinery operates a category Workiva doesn’t: institutional readiness measurement — grading operating businesses against the same 10-axis framework that buy-side ICs, lender credit committees, and LPs use to evaluate. The artifact carries a deterministic fingerprint and a public verification URL, with the same audit-defensibility discipline the AICPA / PCAOB framework requires of auditor work.
The two product surfaces don’t compete — they operate at different layers of the stack. Workiva handles connected reporting and audit-trail workflow; Capital Refinery handles structural readiness measurement on the operating business and decision integrity. See institutional readiness and the same-engine architecture for the dimension Workiva doesn’t address.
Keep Workiva for reporting. Add the layer that governs the decisions.
Bring us a position from the portfolio. Same-day diagnostic showing the IC anchor and drift since IC alongside your Workiva reporting cycle.
Keep Workiva if you need connected reporting for SEC filings and audit workflows. Use Capital Refinery when you need a neutral, evidence-backed readiness artifact that shows what will survive institutional review.
Capital Refinery is the institutional measurement layer. It does not replace Workiva; it sits next to it. The decision to engage is a routing decision, not a swap.
Working with an advisor or AI consultant? Use CR as the independent measurement layer via the Modernization Impact Review. Want to shape the methodology? Apply as a design partner.