Spruce is an end-to-end business management software that allows lumber, home, and building supply businesses to manage purchasing, inventory, ecommerce, documentation, delivery, accounting, and sales analytics all within a single system for increased efficiency and profitability.
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Workday Financial Management
Score 7.8 out of 10
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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…
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Pricing
Spruce
Workday Financial Management
Editions & Modules
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No answers on this topic
Offerings
Pricing Offerings
Spruce
Workday Financial Management
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Spruce
Workday Financial Management
Features
Spruce
Workday Financial Management
Security
Comparison of Security features of Product A and Product B
Spruce
9.4
Ratings
14% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Role-based user permissions
9.40 Ratings
9.00 Ratings
Single sign-on capability
00 Ratings
9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Spruce
6.8
Ratings
6% below category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards
6.10 Ratings
8.50 Ratings
Standard reports
7.10 Ratings
9.10 Ratings
Custom reports
7.10 Ratings
8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Spruce
8.2
Ratings
6% above category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable
8.50 Ratings
8.90 Ratings
Accounts receivable
8.10 Ratings
9.00 Ratings
Journals and Reconciliations
7.90 Ratings
8.90 Ratings
Configurable Accounting
9.00 Ratings
8.30 Ratings
Standardized Processes
7.60 Ratings
9.10 Ratings
Global Financial Support
00 Ratings
8.30 Ratings
Primary and Secondary Ledgers
00 Ratings
8.70 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Spruce
5.9
Ratings
29% below category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking
8.50 Ratings
9.00 Ratings
Automatic reordering
3.90 Ratings
8.60 Ratings
Location management
5.20 Ratings
8.50 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Spruce
8.4
Ratings
7% above category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing
7.70 Ratings
00 Ratings
Order entry
8.60 Ratings
00 Ratings
Credit card processing
7.90 Ratings
9.10 Ratings
Cost of goods sold
7.60 Ratings
00 Ratings
Order Orchestration
10.00 Ratings
00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Spruce
8.0
Ratings
7% above category average
Workday Financial Management
-
Ratings
Billing Management
7.60 Ratings
00 Ratings
Cash and Asset Management
8.00 Ratings
00 Ratings
Budgetary Control & Encumbrance Accounting
8.00 Ratings
00 Ratings
Period Close
8.60 Ratings
00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Spruce
7.5
Ratings
9% above category average
Workday Financial Management
-
Ratings
Task Insight for Project Managers
8.00 Ratings
00 Ratings
Project Mobile Functionality
7.00 Ratings
00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Spruce
5.0
Ratings
32% below category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared
6.00 Ratings
00 Ratings
Requisitions-to-Purchase Orders Integrated
4.00 Ratings
00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Spruce
7.0
Ratings
6% below category average
Workday Financial Management
-
Ratings
Configuration Management
7.50 Ratings
00 Ratings
Work Execution
6.50 Ratings
00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Spruce
5.4
Ratings
27% below category average
Workday Financial Management
-
Ratings
Inventory Planning
5.40 Ratings
00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Spruce
8.0
Ratings
11% above category average
Workday Financial Management
-
Ratings
Product Master Data Management
8.00 Ratings
00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Spruce
-
Ratings
Workday Financial Management
8.4
Ratings
16% above category average
Pay calculation
00 Ratings
8.70 Ratings
Benefit plan administration
00 Ratings
8.90 Ratings
Direct deposit files
00 Ratings
8.60 Ratings
Customization
Comparison of Customization features of Product A and Product B
I think my single most surprising and satisfying experience with ECI and its RockSolid Maxx and then Spruce products was the ease of implementation and rollout -- both on the hardware and software side. ECI seems to have mastered the idea of using an integrated team along with robust tutorials to make that process easy.
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.
We have particularly pleased with the 'Payables' part of the Spruce suite. It's easy to use and functionality is light years better than our previous software.
Shortly after making the switch to Spruce our business underwent a detailed sales tax audit. Spruce's reporting functions were a godsend to us as we were able to easily address the questions posed us by our auditors.
Our sales force is staffed by multiple people with years of construction experience but little familiarity with computer. The ease with which they mastered the POS system surprised me.
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.
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.
For the most part when there is internet, we are able to log in and proceed to do our daily tasks which is very helpful, but we have also encountered a glitch on our laptop that we use to do inventory that switches to the last branch that was used. This, in combination with Spruce logging out of the remote connection daily, can cause issues if the person accessing Spruce does not have the remote connection password.
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.
Spruce is possibly just above average. Not super impressed with usability and especially not impressed with tech support who is rarely able to answer questions on the first call.
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.
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