Infor Expense Management vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Infor Expense Management
Score 7.5 out of 10
N/A
Infor Expense Management's suite of four integrated applications (Expense Reports, Travel Plans, Payment Requests, and Timesheets) can be used either individually or in any combination to automate expense-related business processes, enforce policy compliance, cut administrative costs, and reduce the risk of accidental errors and intentional fraud.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
Infor Expense ManagementWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Infor Expense ManagementWorkday 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
Infor Expense ManagementWorkday Financial Management
Features
Infor Expense ManagementWorkday Financial Management
Expense Management
Comparison of Expense Management features of Product A and Product B
Infor Expense Management
6.5
Ratings
28% below category average
Workday Financial Management
-
Ratings
Employee Expense Reporting7.50 Ratings00 Ratings
Corporate Card Reconciliation5.50 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Infor Expense Management
6.1
Ratings
29% below category average
Workday Financial Management
-
Ratings
Customizable Approval Policies7.00 Ratings00 Ratings
Financial Document Management5.40 Ratings00 Ratings
Payment Status Tracking6.00 Ratings00 Ratings
Payment Audit Trail6.00 Ratings00 Ratings
Duplicate Bill Detection5.00 Ratings00 Ratings
Advanced OCR4.50 Ratings00 Ratings
Electronic Funds Transfer9.00 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Infor Expense Management
-
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
Customization
Comparison of Customization features of Product A and Product B
Infor Expense Management
-
Ratings
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration00 Ratings8.60 Ratings
Plug-ins00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Infor Expense Management
-
Ratings
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability00 Ratings9.00 Ratings
Role-based user permissions00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Infor Expense Management
-
Ratings
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards00 Ratings8.50 Ratings
Standard reports00 Ratings9.10 Ratings
Custom reports00 Ratings8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Infor Expense Management
-
Ratings
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable00 Ratings8.90 Ratings
Accounts receivable00 Ratings9.00 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
Standardized Processes00 Ratings9.10 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Infor Expense Management
-
Ratings
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking00 Ratings9.00 Ratings
Automatic reordering00 Ratings8.60 Ratings
Location management00 Ratings8.50 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Infor Expense Management
-
Ratings
Workday Financial Management
9.1
Ratings
15% above category average
Credit card processing00 Ratings9.10 Ratings
Best Alternatives
Infor Expense ManagementWorkday Financial Management
Small Businesses
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Score 8.9 out of 10
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Precoro
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Score 2.8 out of 10
Infor VISUAL
Infor VISUAL
Score 8.0 out of 10
Enterprises
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Score 9.1 out of 10
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All AlternativesView all alternativesView all alternatives
User Ratings
Infor Expense ManagementWorkday Financial Management
Likelihood to Recommend
7.5
(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
Infor Expense ManagementWorkday Financial Management
Likelihood to Recommend
The best suited scenarios is for new startups where I see that many expenses can be logged in easily with the help of the app and it can done with much ease and I would suggest that it good tool based upon my experience as it quickly loads up the interface.
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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
  • Expense report
  • ease of the trail
  • Interface is good
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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
  • Overall it is good comes with mobile version as well.
  • Enhancement can be made by auto suggesting the things at different levels.
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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
It is lightweight , and mobile version is also available.
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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
  • It has helped us by eliminating our manual process of managing expenses.
  • No negative impact at all.
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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