Aptean Encompix ERP vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Aptean Encompix ERP
Score 4.0 out of 10
N/A
Aptean Encompix ERP is an enterprise resource planning software solution. It is built specifically for engineer-to-order and custom manufacturers that design and build complex, custom products.N/A
Workday Financial Management
Score 7.8 out of 10
N/A
Workday Financial Management is a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…N/A
Pricing
Aptean Encompix ERPWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Aptean Encompix ERPWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Aptean Encompix ERPWorkday Financial Management
Features
Aptean Encompix ERPWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Aptean Encompix ERP
6.0
Ratings
23% below category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration6.00 Ratings8.60 Ratings
Plug-ins00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Aptean Encompix ERP
7.0
Ratings
16% below category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability7.00 Ratings9.00 Ratings
Role-based user permissions7.00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Aptean Encompix ERP
6.0
Ratings
18% below category average
Workday Financial Management
8.7
Ratings
19% above category average
Standard reports7.00 Ratings9.10 Ratings
Custom reports5.00 Ratings8.70 Ratings
Dashboards00 Ratings8.50 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Aptean Encompix ERP
7.0
Ratings
10% below category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable7.00 Ratings8.90 Ratings
Accounts receivable7.00 Ratings9.00 Ratings
Standardized Processes7.00 Ratings9.10 Ratings
Global Financial Support00 Ratings8.30 Ratings
Primary and Secondary Ledgers00 Ratings8.70 Ratings
Journals and Reconciliations00 Ratings8.90 Ratings
Configurable Accounting00 Ratings8.30 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Aptean Encompix ERP
7.0
Ratings
12% below category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking8.00 Ratings9.00 Ratings
Automatic reordering7.00 Ratings8.60 Ratings
Location management7.00 Ratings8.50 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Aptean Encompix ERP
6.7
Ratings
16% below category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing6.00 Ratings00 Ratings
Order entry7.00 Ratings00 Ratings
Credit card processing00 Ratings9.10 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Aptean Encompix ERP
6.8
Ratings
9% below category average
Workday Financial Management
-
Ratings
Billing Management7.00 Ratings00 Ratings
Cash and Asset Management7.00 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Aptean Encompix ERP
7.0
Ratings
8% below category average
Workday Financial Management
-
Ratings
Project Revenue Recognition7.00 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Aptean Encompix ERP
6.0
Ratings
14% below category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling5.00 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Aptean Encompix ERP
6.9
Ratings
1% below category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared7.00 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated7.00 Ratings00 Ratings
Supplier Management7.00 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Aptean Encompix ERP
6.0
Ratings
8% below category average
Workday Financial Management
-
Ratings
Control Management6.00 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Aptean Encompix ERP
6.5
Ratings
3% below category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization6.00 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Aptean Encompix ERP
6.0
Ratings
17% below category average
Workday Financial Management
-
Ratings
Inventory Planning6.00 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Aptean Encompix ERP
7.0
Ratings
2% below category average
Workday Financial Management
-
Ratings
Proposal Management7.00 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Aptean Encompix ERP
-
Ratings
Workday Financial Management
8.4
Ratings
16% above category average
Pay calculation00 Ratings8.70 Ratings
Benefit plan administration00 Ratings8.90 Ratings
Direct deposit files00 Ratings8.60 Ratings
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User Ratings
Aptean Encompix ERPWorkday Financial Management
Likelihood to Recommend
6.0
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
-
(0 ratings)
10.0
(0 ratings)
Support Rating
-
(0 ratings)
10.0
(0 ratings)
User Testimonials
Aptean Encompix ERPWorkday Financial Management
Likelihood to Recommend
If an organization often makes standard products and purchases standard material for those products, then this ERP suits well for such scenarios, where there is a standard list of material - which can be used to build Item Master records in Encompix. And it's well suited for companies which do keep inventory / stock. Not well suited if the organization doesn't have item masters, and every product is a custom product.
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Our primary model for budgeting revenue is centered on patient counts. Missed assumptions early in the year result in massive ramifications over the balance of the year. Workday formulas allowed us to write formulas to project the recovery of such shortfalls over a variable length of time, resulting in realistic projections for overcoming said shortfalls.
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Pros
  • Materials or purchasing module is good
  • Accounting and milestone payments are easy to use
  • Purchases are very detailed, and we can see when any line item has been ordered or received
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  • We specically wanted a cloud financial management system that we could use in China and communicate reports to the headquarters organization and roll-up reporting. It performs well.
  • It was reasonably priced since we are not a for-profit company and need the Workday flexibility for finance and accounting operations. Most of our requirements are met with this one system.
  • The system worked efficiently with the additional security we built on to keep confidential. Many reports are ready off-the-shelf or easy to develop, which is a strength.
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Cons
  • Scheduling module - we had initially expected this ERP system to handle the scheduling part for us, but it is not easy to do customization to the extent needed for us.
  • Technical or the implementation team support can be improved, as it is not up to the standard.
  • Not well suited for Engineer to Order / custom product manufacturing companies.
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  • The automatic save function isn't always active for the cloud version. I'm not sure if it is a glitch or a settings issue.
  • There are some limitations to customizations.
  • Updates don't go through properly on the system, leading to downtime issues.
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Usability
No answers on this topic
Workday Financial Management is an easy to use, productive software suite that really brings all departments together and improved workplace efficiency. Before we began using the software, much info was partitioned in random places that were not clearly labeled or accessible to all shareholders. We are very pleased with Workday Financial Management.
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Support Rating
No answers on this topic
Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
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Alternatives Considered
Materials module in Encompix ERP is more robust over the Abas ERP. We had previously used Abas before Encompix, and the reports are more robust in Encompix, and custom reports were possible. Bill of Materials can be uploaded in Encompix, unlike Abas. Item Masters feature was available. Vendor cross reference and performance tracking are some good features as well.
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The application data of users in the case of PeopleSoft is stored in its proprietary data storage, whereas Workday Financial Management connects to outside databases to create analytics reports. Therefore, this option uplifts the need to use Workday Financial Management as an interactive tool of business intelligence. The release model of Workday Financial Management is ahead of Oracle because it has a continual announcement of more functionality that is a very attractive incentive for our project management team for improving and developing the ongoing operational streams.
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Return on Investment
  • We had to spend lot of time and effort in making it work for our company.
  • Scheduling still needs to be fixed, we are trying beta version of the system now.
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  • Workday has helped my employer save money over the past couple of year by tracking time of employees and how long were days looking like.
  • It has enables us to make better decisions by hiring more people instead of paying overtime to those who already work in order to have the right work/leisure balance
  • The platform has also helped us to redesign our policies after seeing when employees were clocking in and clocking out and track people who were showing up late for work
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ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis