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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Macola

    Score5.4 out of 10
    N/AECI Software Solutions offers Macola (now edition Macola 10), an enterprise resource planning (ERP) for small manufacturers emphasizing business process management and accounting.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
    MacolaWorkday Financial Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    MacolaWorkday 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
    MacolaWorkday Financial Management
    Considered Both Products
    ECI Software Solutions
    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
    MacolaWorkday Financial Management
    Payroll Management
    Comparison of Payroll Management features of Macola and Workday Financial Management
    Feature
    Macola
    9.0
    1 Ratings
    23% above category average
    Workday Financial Management
    8.4
    19 Ratings
    16% above category average
    Pay calculation9.01 Ratings8.719 Ratings
    Benefit plan administration9.01 Ratings8.916 Ratings
    Direct deposit files9.01 Ratings8.616 Ratings
    Customization
    Comparison of Customization features of Macola and Workday Financial Management
    Feature
    Macola
    7.0
    2 Ratings
    8% below category average
    Workday Financial Management
    8.5
    17 Ratings
    11% above category average
    API for custom integration7.02 Ratings8.614 Ratings
    Plug-ins7.02 Ratings8.416 Ratings
    Security
    Comparison of Security features of Macola and Workday Financial Management
    Feature
    Macola
    9.5
    2 Ratings
    15% above category average
    Workday Financial Management
    9.0
    21 Ratings
    10% above category average
    Single sign-on capability10.02 Ratings9.021 Ratings
    Role-based user permissions9.02 Ratings9.019 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Macola and Workday Financial Management
    Feature
    Macola
    8.3
    2 Ratings
    14% above category average
    Workday Financial Management
    8.7
    23 Ratings
    19% above category average
    Dashboards10.02 Ratings8.523 Ratings
    Standard reports8.02 Ratings9.120 Ratings
    Custom reports7.02 Ratings8.718 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Macola and Workday Financial Management
    Feature
    Macola
    8.8
    2 Ratings
    13% above category average
    Workday Financial Management
    8.5
    19 Ratings
    10% above category average
    Accounts payable8.02 Ratings8.914 Ratings
    Accounts receivable9.02 Ratings9.014 Ratings
    Global Financial Support8.01 Ratings8.315 Ratings
    Primary and Secondary Ledgers10.02 Ratings8.715 Ratings
    Journals and Reconciliations8.02 Ratings8.912 Ratings
    Configurable Accounting10.02 Ratings8.315 Ratings
    Standardized Processes10.02 Ratings9.116 Ratings
    Inventory Management
    Comparison of Inventory Management features of Macola and Workday Financial Management
    Feature
    Macola
    8.7
    2 Ratings
    10% above category average
    Workday Financial Management
    8.7
    8 Ratings
    10% above category average
    Inventory tracking10.02 Ratings9.08 Ratings
    Automatic reordering8.01 Ratings8.68 Ratings
    Location management9.02 Ratings8.57 Ratings
    Order Management
    Comparison of Order Management features of Macola and Workday Financial Management
    Feature
    Macola
    8.6
    2 Ratings
    9% above category average
    Workday Financial Management
    9.1
    9 Ratings
    15% above category average
    Pricing9.01 Ratings00 Ratings
    Order entry9.02 Ratings00 Ratings
    Credit card processing7.92 Ratings9.19 Ratings
    Cost of goods sold9.02 Ratings00 Ratings
    Order Orchestration9.01 Ratings00 Ratings
    Subledger and Financial Process
    Comparison of Subledger and Financial Process features of Macola and Workday Financial Management
    Feature
    Macola
    8.7
    2 Ratings
    15% above category average
    Workday Financial Management
    -
    Ratings
    Billing Management9.02 Ratings00 Ratings
    Cash and Asset Management8.02 Ratings00 Ratings
    Travel & Expense Management8.01 Ratings00 Ratings
    Budgetary Control & Encumbrance Accounting9.01 Ratings00 Ratings
    Period Close10.01 Ratings00 Ratings
    Project Financial Management
    Comparison of Project Financial Management features of Macola and Workday Financial Management
    Feature
    Macola
    8.3
    1 Ratings
    9% above category average
    Workday Financial Management
    -
    Ratings
    Budgeting and Forecasting9.01 Ratings00 Ratings
    Project Costing8.01 Ratings00 Ratings
    Cost Capture8.01 Ratings00 Ratings
    Capital Project Management8.01 Ratings00 Ratings
    Customer Contract Compliance9.01 Ratings00 Ratings
    Project Revenue Recognition8.01 Ratings00 Ratings
    Grants Management
    Comparison of Grants Management features of Macola and Workday Financial Management
    Feature
    Macola
    8.8
    1 Ratings
    17% above category average
    Workday Financial Management
    -
    Ratings
    Award Lifecycle Management8.01 Ratings00 Ratings
    Procurement
    Comparison of Procurement features of Macola and Workday Financial Management
    Feature
    Macola
    8.0
    1 Ratings
    14% above category average
    Workday Financial Management
    -
    Ratings
    Bids Analyzed and Compared7.01 Ratings00 Ratings
    Supplier Management9.01 Ratings00 Ratings
    Logistics
    Comparison of Logistics features of Macola and Workday Financial Management
    Feature
    Macola
    9.0
    2 Ratings
    30% above category average
    Workday Financial Management
    -
    Ratings
    Fulfillment Management9.01 Ratings00 Ratings
    Manufacturing
    Comparison of Manufacturing features of Macola and Workday Financial Management
    Feature
    Macola
    8.3
    2 Ratings
    11% above category average
    Workday Financial Management
    -
    Ratings
    Work Execution8.01 Ratings00 Ratings
    Manufacturing Costs8.02 Ratings00 Ratings
    Supply Chain
    Comparison of Supply Chain features of Macola and Workday Financial Management
    Feature
    Macola
    8.0
    2 Ratings
    12% above category average
    Workday Financial Management
    -
    Ratings
    Inventory Planning8.02 Ratings00 Ratings
    Best Alternatives
    MacolaWorkday Financial Management
    Small Businesses
    Zoho One
    Score8.9 out of 10
    Zoho One
    Score8.9 out of 10
    Medium-sized Companies
    Zoho One
    Score8.9 out of 10
    Zoho One
    Score8.9 out of 10
    Enterprises
    Microsoft Dynamics AX (discontinued)
    Score9.1 out of 10
    Microsoft Dynamics AX (discontinued)
    Score9.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    MacolaWorkday Financial Management
    Likelihood to Recommend
    8.0
    (2 ratings)
    8.9
    (23 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    9.0
    (1 ratings)
    Usability
    -
    (0 ratings)
    10.0
    (5 ratings)
    Support Rating
    -
    (0 ratings)
    10.0
    (5 ratings)
    User Testimonials
    MacolaWorkday Financial Management
    Likelihood to Recommend
    ECI Software Solutions
    Well suited for larger companies, and this is only becoming more the case with the new ownership. Smaller companies could at one time buy only the modules they required. This is now not possible, so you end up with a number of modules you do not need. It is best suited for a company needing a full MRP and is going to be overkill for a service based company that does not require inventory management.
    Incentivized
    Read full review
    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
    ECI Software Solutions
    • Simplifying min/max inventory reviews
    • PO entry and receiving
    • Order entry and production order entry
    • Custom reporting and high level reviews
    Incentivized
    Read full review
    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
    Read full review
    Cons
    ECI Software Solutions
    • Integration with other software
    • Migration from another application
    Incentivized
    Read full review
    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
    ECI Software Solutions
    No answers on this topic
    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
    Read full review
    Support Rating
    ECI Software Solutions
    No answers on this topic
    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
    Read full review
    Alternatives Considered
    ECI Software Solutions
    We did not try any other products. We migrated to Macola from an older product.
    Incentivized
    Read full review
    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
    Read full review
    Return on Investment
    ECI Software Solutions
    • Lower software costs.
    • Less maintenance.
    Incentivized
    Read full review
    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