Deltek Vision (legacy product) vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Deltek Vision (legacy product)
Score 8.5 out of 10
N/A
Deltek Vision is enterprise resource planning (ERP) software for project based companies. It is a legacy product, and has been superseded by Deltek Vantagepoint.N/A
Workday Financial Management
Score 7.9 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
Deltek Vision (legacy product)Workday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Deltek Vision (legacy product)Workday 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
Deltek Vision (legacy product)Workday Financial Management
Features
Deltek Vision (legacy product)Workday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Deltek Vision (legacy product)
7.0
Ratings
2% below category average
Workday Financial Management
8.4
Ratings
16% above category average
Pay calculation6.90 Ratings8.70 Ratings
Benefit plan administration7.00 Ratings8.90 Ratings
Direct deposit files7.20 Ratings8.60 Ratings
Customization
Comparison of Customization features of Product A and Product B
Deltek Vision (legacy product)
7.5
Ratings
1% below category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration8.00 Ratings8.60 Ratings
Plug-ins7.00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Deltek Vision (legacy product)
8.0
Ratings
2% below category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability8.00 Ratings9.00 Ratings
Role-based user permissions8.00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Deltek Vision (legacy product)
6.0
Ratings
18% below category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards5.00 Ratings8.50 Ratings
Standard reports6.00 Ratings9.10 Ratings
Custom reports7.00 Ratings8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Deltek Vision (legacy product)
7.6
Ratings
2% below category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable9.00 Ratings8.90 Ratings
Accounts receivable7.00 Ratings9.00 Ratings
Global Financial Support8.00 Ratings8.30 Ratings
Primary and Secondary Ledgers8.00 Ratings8.70 Ratings
Journals and Reconciliations8.00 Ratings8.90 Ratings
Configurable Accounting8.00 Ratings8.30 Ratings
Standardized Processes8.00 Ratings9.10 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Deltek Vision (legacy product)
5.4
Ratings
38% below category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking6.50 Ratings9.00 Ratings
Automatic reordering3.00 Ratings8.60 Ratings
Location management6.10 Ratings8.50 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Deltek Vision (legacy product)
7.9
Ratings
0% above category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing7.00 Ratings00 Ratings
Order entry7.00 Ratings00 Ratings
Credit card processing8.00 Ratings9.10 Ratings
Cost of goods sold9.00 Ratings00 Ratings
Order Orchestration8.00 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Deltek Vision (legacy product)
7.1
Ratings
5% below category average
Workday Financial Management
-
Ratings
Billing Management7.00 Ratings00 Ratings
Cash and Asset Management6.00 Ratings00 Ratings
Travel & Expense Management8.00 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting4.00 Ratings00 Ratings
Period Close8.00 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Deltek Vision (legacy product)
7.7
Ratings
1% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting8.00 Ratings00 Ratings
Project Costing8.00 Ratings00 Ratings
Cost Capture8.00 Ratings00 Ratings
Capital Project Management8.00 Ratings00 Ratings
Customer Contract Compliance7.00 Ratings00 Ratings
Project Revenue Recognition7.00 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Deltek Vision (legacy product)
7.0
Ratings
2% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling8.00 Ratings00 Ratings
Task Insight for Project Managers8.00 Ratings00 Ratings
Project Mobile Functionality8.00 Ratings00 Ratings
Definable Resource Pools8.00 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Deltek Vision (legacy product)
8.0
Ratings
7% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management8.00 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Deltek Vision (legacy product)
8.5
Ratings
20% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared10.00 Ratings00 Ratings
Contract Authoring7.30 Ratings00 Ratings
Contract Repository8.20 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Deltek Vision (legacy product)
6.6
Ratings
1% above category average
Workday Financial Management
-
Ratings
Risk Repository6.00 Ratings00 Ratings
Control Management6.00 Ratings00 Ratings
Control Efficiency Assessments7.00 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Deltek Vision (legacy product)
9.0
Ratings
30% above category average
Workday Financial Management
-
Ratings
Fulfillment Management9.00 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Deltek Vision (legacy product)
6.2
Ratings
14% below category average
Workday Financial Management
-
Ratings
Proposal Management7.00 Ratings00 Ratings
Product Master Data Management4.50 Ratings00 Ratings
Best Alternatives
Deltek Vision (legacy product)Workday Financial Management
Small Businesses
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Score 8.9 out of 10
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Score 8.9 out of 10
Medium-sized Companies
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Score 8.0 out of 10
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User Ratings
Deltek Vision (legacy product)Workday Financial Management
Likelihood to Recommend
8.0
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
10.0
(0 ratings)
9.0
(0 ratings)
Usability
7.0
(0 ratings)
10.0
(0 ratings)
Support Rating
9.0
(0 ratings)
10.0
(0 ratings)
User Testimonials
Deltek Vision (legacy product)Workday Financial Management
Likelihood to Recommend
Deltek Vision is perfect for both small and large businesses to implement. Especially when this program can be hosted in the cloud, users then can access from anywhere across the globe via the internet to print reports & track time spent on various projects.
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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
  • The ability to build out your own user-defined fields, grids, and even whole Info Centers is a huge plus. We can build out what we need in-house, without needing to engage outside consultants for most needs.
  • The ability to create both user-initiated and scheduled workflows allows us to add intelligence to our actions within the system. We have weekly scheduled reports going out to the various levels of our organization, as well as workflows to trigger multiple field updates, alerts, emails, etc. to keep necessary people on the path and informed.
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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
  • Mac users have a different view from PC users and it is not as robust as what you can do on a PC.
  • You can only access the platform through Internet Explorer on a PC, which is an outdated browser not a lot of employees use for anything else.
  • User interface is a bit outdated, it could use a refresh.
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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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Likelihood to Renew
Because we are looking to upgrade to the next software level of Deltek.
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No answers on this topic
Usability
It's on the verge of being awesome. Right now it's a matter of money -- if you have the money to hire consultants round the clock, yeah this is awesome.
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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
99% of the customer service specialists and technicians that I've encountered are quite awesome!
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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
I've used QuickBooks Online and other QuickBooks products but they were not for the same purposes as my experience with Deltek. I also was not part of the team that selected Deltek as that was prior to my arrival at my firm.
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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
  • Deltek Vision allows us to configure the standard info centers to capture the information we need to support our business model and decision making processes. We are able to create user-defined fields (date, numeric, currency, character, drop down list, pick lists, memo/rtf and relational database fields) on both standard tabs and user-defined tabs. This has made the product very valuable to using the system to support our business policies and help data management to support decisions easier.
  • Deltek Vision's custom proposal module and government forms modules shaves hours off of proposal preparation. Because Deltek Vision is the "source of truth" for our employee history and project history we are able to easily and quickly pull information from Vision onto proposal templates in minutes. Pulling information from a centralized repository gives our users confidence in the data, employee updates/feedback are made one time (in Vision) rather than every time a new proposal document is put in front of the employee, and gives our marketing professionals the extra time needed to craft the proposal to meet the RFP and client requested information. We use Deltek Vision to support of Strategic Plan goal for our company growing and win more work!
  • Deltek Vision has utilities that can be managed by designated system administrators. You don't have to have a SQL expert or DBA on staff to write basic workflows, queries and reports. If you have savvy staff on hand, that takes the time to learn the front end of the Vision product, you will be able to set up some automation and configuration that doesn't require an expert. Deltek Vision also allows you to design the layout of your screens using a easy Screen Designer tool.
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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