Epicor CMS vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Epicor CMS
Score 9.6 out of 10
N/A
N/AN/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
Epicor CMSWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Epicor CMSWorkday 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
Epicor CMSWorkday Financial Management
Features
Epicor CMSWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Epicor CMS
7.5
Ratings
1% below category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration10.00 Ratings8.60 Ratings
Plug-ins5.00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Epicor CMS
10.0
Ratings
20% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability10.00 Ratings9.00 Ratings
Role-based user permissions10.00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Epicor CMS
5.0
Ratings
36% below category average
Workday Financial Management
8.7
Ratings
19% above category average
Standard reports5.00 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
Epicor CMS
9.5
Ratings
21% above category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable10.00 Ratings8.90 Ratings
Accounts receivable10.00 Ratings9.00 Ratings
Global Financial Support8.00 Ratings8.30 Ratings
Primary and Secondary Ledgers10.00 Ratings8.70 Ratings
Journals and Reconciliations10.00 Ratings8.90 Ratings
Configurable Accounting10.00 Ratings8.30 Ratings
Standardized Processes10.00 Ratings9.10 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Epicor CMS
10.0
Ratings
23% above category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking10.00 Ratings9.00 Ratings
Automatic reordering10.00 Ratings8.60 Ratings
Location management10.00 Ratings8.50 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Epicor CMS
8.8
Ratings
11% above category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing10.00 Ratings00 Ratings
Order entry10.00 Ratings00 Ratings
Cost of goods sold10.00 Ratings00 Ratings
Order Orchestration10.00 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
Epicor CMS
8.7
Ratings
15% above category average
Workday Financial Management
-
Ratings
Billing Management10.00 Ratings00 Ratings
Cash and Asset Management10.00 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting7.00 Ratings00 Ratings
Period Close10.00 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Epicor CMS
7.4
Ratings
3% below category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting5.00 Ratings00 Ratings
Project Costing7.00 Ratings00 Ratings
Cost Capture10.00 Ratings00 Ratings
Capital Project Management8.00 Ratings00 Ratings
Customer Contract Compliance5.00 Ratings00 Ratings
Project Revenue Recognition8.00 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Epicor CMS
7.3
Ratings
5% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared5.00 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated7.00 Ratings00 Ratings
Supplier Management8.00 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Epicor CMS
7.3
Ratings
11% above category average
Workday Financial Management
-
Ratings
Control Management7.00 Ratings00 Ratings
Control Efficiency Assessments7.00 Ratings00 Ratings
Issue Detection7.00 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Epicor CMS
8.8
Ratings
28% above category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization9.00 Ratings00 Ratings
Transportation Execution Management9.00 Ratings00 Ratings
Trade and Customs Management8.00 Ratings00 Ratings
Fulfillment Management9.00 Ratings00 Ratings
Warehouse Workforce Management8.00 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Epicor CMS
9.1
Ratings
20% above category average
Workday Financial Management
-
Ratings
Production Process Design9.00 Ratings00 Ratings
Production Management10.00 Ratings00 Ratings
Configuration Management9.00 Ratings00 Ratings
Work Execution9.00 Ratings00 Ratings
Manufacturing Costs9.00 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Epicor CMS
10.0
Ratings
34% above category average
Workday Financial Management
-
Ratings
Forecasting10.00 Ratings00 Ratings
Inventory Planning10.00 Ratings00 Ratings
Performance Monitoring10.00 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Epicor CMS
8.1
Ratings
13% above category average
Workday Financial Management
-
Ratings
Proposal Management8.00 Ratings00 Ratings
Product Master Data Management8.00 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Epicor CMS
-
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
Epicor CMSWorkday Financial Management
Likelihood to Recommend
9.0
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
8.0
(0 ratings)
10.0
(0 ratings)
Support Rating
7.0
(0 ratings)
10.0
(0 ratings)
User Testimonials
Epicor CMSWorkday Financial Management
Likelihood to Recommend
CMS is well suited for automotive manufacturing businesses.
Read full review
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
  • EDI Order Processing
  • Serialized Inventory Tracking
  • Order Processing
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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
  • Visual interface
  • Report Customization
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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
CMS takes time to learn and use the menu driven green screen. However, once you are familiar it makes for fast navigation.
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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
Support is getting better but can still be slow to respond.
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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
We have more control over the backend of CMS and the fact it runs on a 5250 emulator it run a lot faster for data entry.
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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
  • Inventory tracibility
  • Order Processing
  • Customer Integration
  • EDI Processing
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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
Read full review
ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis