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Catalyst, by EBM Software vs. Workday Financial Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Catalyst, by EBM Software

    Score7.8 out of 10
    N/ACatalyst from EBM Software in Minneapolis is a cloud-based business performance application suite, designed to provide an environment and workflow for understanding business profitability.N/A

    Workday Financial Management

    Score7.8 out of 10
    N/AWorkday 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
    Catalyst, by EBM SoftwareWorkday Financial Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Catalyst, by EBM SoftwareWorkday Financial Management
    Free Trial
    YesNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeOptionalNo setup fee
    Additional DetailsFlexible and tiered pricing structures available - monthly, 1-3-5- contracts, and more—
    More Pricing Information
    Community Pulse
    Catalyst, by EBM SoftwareWorkday Financial Management
    Considered Both Products
    EBM Software
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    96%
    Would buy again
    22 Answers
    Delivers good value for the price
    No answers on this topic
    95%
    Delivers good value for the price
    20 Answers
    Happy with the feature set
    No answers on this topic
    96%
    Happy with the feature set
    22 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    95%
    Lived up to sales and marketing promises
    18 Answers
    Implementation went as expected
    No answers on this topic
    89%
    Implementation went as expected
    16 Answers
    Features
    Catalyst, by EBM SoftwareWorkday Financial Management
    BI Standard Reporting
    Comparison of BI Standard Reporting features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    7.1
    2 Ratings
    7% below category average
    Workday Financial Management
    -
    Ratings
    Customizable dashboards7.12 Ratings00 Ratings
    Report Formatting Templates7.12 Ratings00 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    7.7
    2 Ratings
    6% below category average
    Workday Financial Management
    -
    Ratings
    Drill-down analysis7.12 Ratings00 Ratings
    Formatting capabilities8.02 Ratings00 Ratings
    Report sharing and collaboration8.02 Ratings00 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    8.0
    2 Ratings
    3% below category average
    Workday Financial Management
    -
    Ratings
    Publish to PDF7.92 Ratings00 Ratings
    Report Delivery Scheduling8.01 Ratings00 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    7.7
    1 Ratings
    1% above category average
    Workday Financial Management
    -
    Ratings
    Pre-built visualization formats (heatmaps, scatter plots etc.)8.01 Ratings00 Ratings
    Location Analytics / Geographic Visualization7.01 Ratings00 Ratings
    Predictive Analytics8.01 Ratings00 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    8.0
    2 Ratings
    9% below category average
    Workday Financial Management
    -
    Ratings
    Multi-User Support (named login)8.02 Ratings00 Ratings
    Role-Based Security Model8.02 Ratings00 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)8.02 Ratings00 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    8.0
    2 Ratings
    2% above category average
    Workday Financial Management
    -
    Ratings
    Responsive Design for Web Access8.02 Ratings00 Ratings
    Dashboard / Report / Visualization Interactivity on Mobile8.02 Ratings00 Ratings
    Budgeting, Planning, and Forecasting
    Comparison of Budgeting, Planning, and Forecasting features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    8.0
    2 Ratings
    3% below category average
    Workday Financial Management
    -
    Ratings
    Long-term financial planning7.01 Ratings00 Ratings
    Financial budgeting8.01 Ratings00 Ratings
    Forecasting8.01 Ratings00 Ratings
    Scenario modeling8.01 Ratings00 Ratings
    Management reporting8.92 Ratings00 Ratings
    Consolidation and Close
    Comparison of Consolidation and Close features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    7.2
    1 Ratings
    10% below category average
    Workday Financial Management
    -
    Ratings
    Financial data consolidation9.01 Ratings00 Ratings
    Journal entries and reports8.01 Ratings00 Ratings
    Multi-currency management6.01 Ratings00 Ratings
    Intercompany Eliminations5.01 Ratings00 Ratings
    Minority Ownership7.01 Ratings00 Ratings
    Local and consolidated reporting8.01 Ratings00 Ratings
    Financial Reporting and Compliance
    Comparison of Financial Reporting and Compliance features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    8.0
    1 Ratings
    1% below category average
    Workday Financial Management
    -
    Ratings
    Financial Statement Reporting8.01 Ratings00 Ratings
    Management Reporting9.01 Ratings00 Ratings
    Excel-based Reporting7.01 Ratings00 Ratings
    Automated board and financial reporting8.01 Ratings00 Ratings
    Analytics and Reporting
    Comparison of Analytics and Reporting features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    7.2
    2 Ratings
    10% below category average
    Workday Financial Management
    -
    Ratings
    Personalized dashboards7.12 Ratings00 Ratings
    Color-coded scorecards6.01 Ratings00 Ratings
    KPIs7.01 Ratings00 Ratings
    Cost and profitability analysis8.01 Ratings00 Ratings
    Key Performance Indicator setting8.01 Ratings00 Ratings
    Benchmarking with external data7.01 Ratings00 Ratings
    Integration
    Comparison of Integration features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    7.4
    2 Ratings
    12% below category average
    Workday Financial Management
    -
    Ratings
    Flat file integration8.01 Ratings00 Ratings
    Excel data integration7.12 Ratings00 Ratings
    Direct links to 3rd-party data sources7.12 Ratings00 Ratings
    Payroll Management
    Comparison of Payroll Management features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    -
    Ratings
    Workday Financial Management
    8.4
    19 Ratings
    16% above category average
    Pay calculation00 Ratings8.719 Ratings
    Benefit plan administration00 Ratings8.916 Ratings
    Direct deposit files00 Ratings8.616 Ratings
    Customization
    Comparison of Customization features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    -
    Ratings
    Workday Financial Management
    8.5
    17 Ratings
    11% above category average
    API for custom integration00 Ratings8.614 Ratings
    Plug-ins00 Ratings8.416 Ratings
    Security
    Comparison of Security features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    -
    Ratings
    Workday Financial Management
    9.0
    21 Ratings
    9% above category average
    Single sign-on capability00 Ratings9.021 Ratings
    Role-based user permissions00 Ratings9.019 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    -
    Ratings
    Workday Financial Management
    8.7
    23 Ratings
    19% above category average
    Dashboards00 Ratings8.523 Ratings
    Standard reports00 Ratings9.120 Ratings
    Custom reports00 Ratings8.718 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    -
    Ratings
    Workday Financial Management
    8.5
    19 Ratings
    10% above category average
    Accounts payable00 Ratings8.914 Ratings
    Accounts receivable00 Ratings9.014 Ratings
    Global Financial Support00 Ratings8.315 Ratings
    Primary and Secondary Ledgers00 Ratings8.715 Ratings
    Journals and Reconciliations00 Ratings8.912 Ratings
    Configurable Accounting00 Ratings8.315 Ratings
    Standardized Processes00 Ratings9.116 Ratings
    Inventory Management
    Comparison of Inventory Management features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    -
    Ratings
    Workday Financial Management
    8.7
    8 Ratings
    10% above category average
    Inventory tracking00 Ratings9.08 Ratings
    Automatic reordering00 Ratings8.68 Ratings
    Location management00 Ratings8.57 Ratings
    Order Management
    Comparison of Order Management features of Catalyst, by EBM Software and Workday Financial Management
    Feature
    Catalyst, by EBM Software
    -
    Ratings
    Workday Financial Management
    9.1
    9 Ratings
    15% above category average
    Credit card processing00 Ratings9.19 Ratings
    Best Alternatives
    Catalyst, by EBM SoftwareWorkday Financial Management
    Small Businesses
    No answers on this topic
    Zoho One
    Score8.9 out of 10
    Medium-sized Companies
    IBM Planning Analytics
    Score8.8 out of 10
    Zoho One
    Score8.9 out of 10
    Enterprises
    Oracle Fusion Cloud Enterprise Performance Management
    Score10 out of 10
    Microsoft Dynamics AX (discontinued)
    Score9.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Catalyst, by EBM SoftwareWorkday Financial Management
    Likelihood to Recommend
    7.9
    (2 ratings)
    8.9
    (23 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    9.0
    (1 ratings)
    Usability
    8.8
    (2 ratings)
    10.0
    (5 ratings)
    Support Rating
    7.8
    (2 ratings)
    10.0
    (5 ratings)
    User Testimonials
    Catalyst, by EBM SoftwareWorkday Financial Management
    Likelihood to Recommend
    EBM Software
    [Catalyst, by EBM Software] is well suited to track invoices from vendors to get them paid on time to avoid late fees. [Catalyst, by EBM Software] is less appropriate when paying vendor because that is not a function they currently have. If the system was an all in one system that could track and pay your invoices it would be an amazing software.
    Incentivized
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    Workday
    Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
    Incentivized
    Read full review
    Pros
    EBM Software
    • The GUI is easy to navigate on the iPad mini, which we use for charting.
    • The options are simple so there is very little room for mistakes.
    • Charting is easy and the setup allows for necessary fields that must be completed so charting stays uniform.
    Incentivized
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    Workday
    • The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
    • The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
    • I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
    Incentivized
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    Cons
    EBM Software
    • The browser closes unexpectedly at times when refreshing the page and you get logged out
    • The incorrect vendor is chosen by Catalyst a few times
    • The Catalyst file is occasionally not placed on time in the folder
    Incentivized
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    Workday
    • Some of the Workday updates last till like 10 in the morning which prevents employees to clock in and check their times and some cases their schedules
    • Workday can work on opening documents quicker instead of taking couple of minutes or notifying the user when they are ready to download
    Incentivized
    Read full review
    Usability
    EBM Software
    Well.... when it works... it's good. When it doesn't it is very frustrating for our staff.
    Incentivized
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    Workday
    Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
    Incentivized
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    Support Rating
    EBM Software
    The support for Catalyst is great and they are usually within the 48 hour response time. There could be a little quicker upload time for invoices that are submitted. They usually show up until the next day on the system and sometimes gives us a stress on time. Overall, the support is quite good
    Incentivized
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    Workday
    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.
    Incentivized
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    Alternatives Considered
    EBM Software
    [Catalyst, by EBM Software] is a very easy system to use and is very user friendly. It gives you different ways of researching an invoice and not just one. Catalyst also helps to allow us to research an invoice within seconds and eliminates a lengthy and confusing process. It is a great software for first time users to learn quickly and efficiently.
    Incentivized
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    Workday
    Despite Airtable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
    Incentivized
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    Return on Investment
    EBM Software
    • Catalyst is better than pencil and paper data analysis. But the app can be very frustrating when it's not working the way it did last week.
    • The GUI is very simple. Sometimes too simple, like there is no way to go back in and edit SOAP note options.
    • New feature roll-outs are mandatory. I understand that no one would opt in to being the guinea pig, but it would be nice if you weren't the first user to try it.
    • The integration with billing software has streamlined the billing notes and saved us money over having two separate systems.
    Incentivized
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    Workday
    • We were able to combine 4 different HR modules into one system.
    • We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
    • The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.
    Incentivized
    Read full review
    ScreenShots

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis