Intuit Enterprise Suite vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Intuit Enterprise Suite
Score 7.3 out of 10
N/A
The Intuit Enterprise Suite is an end-to-end business platform providing: financial management, forecasting and accounting capabilities; integrated payroll, payments, and bill pay; automated marketing; access to third-party apps, and access to a team of experts.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
Intuit Enterprise SuiteWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Intuit Enterprise SuiteWorkday 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
Intuit Enterprise SuiteWorkday Financial Management
Features
Intuit Enterprise SuiteWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Intuit Enterprise Suite
6.4
Ratings
11% below category average
Workday Financial Management
8.4
Ratings
16% above category average
Pay calculation5.50 Ratings8.70 Ratings
Direct deposit files7.30 Ratings8.60 Ratings
Benefit plan administration00 Ratings8.90 Ratings
Customization
Comparison of Customization features of Product A and Product B
Intuit Enterprise Suite
4.1
Ratings
60% below category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration3.60 Ratings8.60 Ratings
Plug-ins4.50 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Intuit Enterprise Suite
9.1
Ratings
11% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability9.10 Ratings9.00 Ratings
Role-based user permissions9.10 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Intuit Enterprise Suite
4.2
Ratings
53% below category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards4.50 Ratings8.50 Ratings
Standard reports4.50 Ratings9.00 Ratings
Custom reports3.60 Ratings8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Intuit Enterprise Suite
7.9
Ratings
2% above category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable9.10 Ratings8.90 Ratings
Accounts receivable9.10 Ratings9.00 Ratings
Primary and Secondary Ledgers9.10 Ratings8.70 Ratings
Journals and Reconciliations9.10 Ratings8.90 Ratings
Configurable Accounting5.50 Ratings8.30 Ratings
Standardized Processes5.50 Ratings9.10 Ratings
Global Financial Support00 Ratings8.30 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Intuit Enterprise Suite
5.7
Ratings
27% below category average
Workday Financial Management
-
Ratings
Billing Management6.40 Ratings00 Ratings
Cash and Asset Management6.40 Ratings00 Ratings
Travel & Expense Management4.50 Ratings00 Ratings
Period Close5.50 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Intuit Enterprise Suite
-
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
Intuit Enterprise Suite
-
Ratings
Workday Financial Management
9.1
Ratings
15% above category average
Credit card processing00 Ratings9.10 Ratings
User Ratings
Intuit Enterprise SuiteWorkday Financial Management
Likelihood to Recommend
7.3
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
8.2
(0 ratings)
10.0
(0 ratings)
Support Rating
-
(0 ratings)
10.0
(0 ratings)
User Testimonials
Intuit Enterprise SuiteWorkday Financial Management
Likelihood to Recommend
We are a small non-profit organization and this product has allowed us to save time and resources by providing a platform for new and existing employees to get their information all in one place. Paying bills and receiving revenue is easy to track in this manner and customer support has been very effective when we need them.
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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
  • Ease of processing payroll and providing all necessary reports and documents in one software such as tax forms and forms related to the financials.
  • Ease of creating purchase orders to tie to vendor bills to track purchases made by the organization.
  • Ease of creating financial reports with various filters and exporting them to PDF or excel for a simpler read and study of profit vs. losses.
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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
  • Reports could be more tailored to Construction
  • Budgets Can Be Refined a little more
  • Credit Card and Lines of Credit Could be Larger for Enterprise Customers
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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 I love the software and the people behind it are passionate about building the features to support business growth. They have built so many features I have asked for and it gets better and better
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No answers on this topic
Usability
IES has been an excellent partner of Gridmatic and they continue to enhance on their process. Due to dev in reporting is the reason I am unable to give 10 rating.
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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
Excellent. I am the first Lighthouse customer and I see first hand that their team cares, they care about not just the features but about their customers and their success. They truly want their customers to succeed
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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
Intuit Enterprise Suite reports are so much better. There are many to choose from and users can build reports specific to their needs. Reconciling bank accounts is so much easier. The capability Intuit Enterprise Suite has to make the process simple means there is less time spent with recons being out of balance.
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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
  • QuickBooks supplies a platform for basic accounting
  • It allows us to operate our business from a banking and taxes perspective.
  • It could do much more from a business management perspective.
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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