TrustRadius: an HG Insights company

Microsoft Dynamics 365 Finance vs. Workday Financial Management

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Microsoft Dynamics 365 Finance

    Score8.7 out of 10
    N/AMicrosoft Dynamics 365 Finance is used to automate and modernize global financial operations. The application can monitor performance in real time, predict future outcomes, and support data-driven decisions to drive business growth.

    $2,520

    per year per user

    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
    Microsoft Dynamics 365 FinanceWorkday Financial Management
    Editions & Modules
    Dynamics 365 Finance
    $2520
    per year per user
    Dynamics 365 Finance Premium
    $3600
    per year per user
    No answers on this topic
    Offerings
    Pricing Offerings
    Microsoft Dynamics 365 FinanceWorkday Financial Management
    Free Trial
    YesNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    Microsoft Dynamics 365 FinanceWorkday Financial Management
    Considered Both Products
    Microsoft
    No answer on this topic
    Workday
    Chose Workday Financial Management
    More features at a better cost.
    Incentivized
    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
    Microsoft Dynamics 365 FinanceWorkday Financial Management
    Payroll Management
    Comparison of Payroll Management features of Microsoft Dynamics 365 Finance and Workday Financial Management
    Feature
    Microsoft Dynamics 365 Finance
    -
    Ratings
    Workday Financial Management
    8.4
    19 Ratings
    16% above category average
    Pay calculation00 Ratings8.719 Ratings
    Benefit plan administration00 Ratings8.916 Ratings
    Direct deposit files00 Ratings8.616 Ratings
    Customization
    Comparison of Customization features of Microsoft Dynamics 365 Finance and Workday Financial Management
    Feature
    Microsoft Dynamics 365 Finance
    -
    Ratings
    Workday Financial Management
    8.5
    17 Ratings
    11% above category average
    API for custom integration00 Ratings8.614 Ratings
    Plug-ins00 Ratings8.416 Ratings
    Security
    Comparison of Security features of Microsoft Dynamics 365 Finance and Workday Financial Management
    Feature
    Microsoft Dynamics 365 Finance
    -
    Ratings
    Workday Financial Management
    9.0
    21 Ratings
    9% above category average
    Single sign-on capability00 Ratings9.021 Ratings
    Role-based user permissions00 Ratings9.019 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Microsoft Dynamics 365 Finance and Workday Financial Management
    Feature
    Microsoft Dynamics 365 Finance
    -
    Ratings
    Workday Financial Management
    8.7
    23 Ratings
    19% above category average
    Dashboards00 Ratings8.523 Ratings
    Standard reports00 Ratings9.120 Ratings
    Custom reports00 Ratings8.718 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Microsoft Dynamics 365 Finance and Workday Financial Management
    Feature
    Microsoft Dynamics 365 Finance
    -
    Ratings
    Workday Financial Management
    8.5
    19 Ratings
    10% above category average
    Accounts payable00 Ratings8.914 Ratings
    Accounts receivable00 Ratings9.014 Ratings
    Global Financial Support00 Ratings8.315 Ratings
    Primary and Secondary Ledgers00 Ratings8.715 Ratings
    Journals and Reconciliations00 Ratings8.912 Ratings
    Configurable Accounting00 Ratings8.315 Ratings
    Standardized Processes00 Ratings9.116 Ratings
    Inventory Management
    Comparison of Inventory Management features of Microsoft Dynamics 365 Finance and Workday Financial Management
    Feature
    Microsoft Dynamics 365 Finance
    -
    Ratings
    Workday Financial Management
    8.7
    8 Ratings
    10% above category average
    Inventory tracking00 Ratings9.08 Ratings
    Automatic reordering00 Ratings8.68 Ratings
    Location management00 Ratings8.57 Ratings
    Order Management
    Comparison of Order Management features of Microsoft Dynamics 365 Finance and Workday Financial Management
    Feature
    Microsoft Dynamics 365 Finance
    -
    Ratings
    Workday Financial Management
    9.1
    9 Ratings
    15% above category average
    Credit card processing00 Ratings9.19 Ratings
    Best Alternatives
    Microsoft Dynamics 365 FinanceWorkday Financial Management
    Small Businesses
    Sage Accounting
    Score9.1 out of 10
    Zoho One
    Score8.9 out of 10
    Medium-sized Companies
    MYOB
    Score7.7 out of 10
    Zoho One
    Score8.9 out of 10
    Enterprises
    Microsoft Dynamics GP
    Score6.8 out of 10
    Microsoft Dynamics AX (discontinued)
    Score9.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Microsoft Dynamics 365 FinanceWorkday Financial Management
    Likelihood to Recommend
    9.0
    (1 ratings)
    8.9
    (23 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    9.0
    (1 ratings)
    Usability
    10.0
    (1 ratings)
    10.0
    (5 ratings)
    Support Rating
    8.0
    (1 ratings)
    10.0
    (5 ratings)
    User Testimonials
    Microsoft Dynamics 365 FinanceWorkday Financial Management
    Likelihood to Recommend
    Microsoft
    I think D365 has the ability to be useful for 90% of businesses out there. Its just a matter of if those costs make sense but as far as what is on the market today in my opinion MS is number 1.
    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
    Microsoft
    • Full range of customization options
    • Documentation
    • Cross platform analytics with use of
    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
    Microsoft
    • More clarity on features going away
    • New feature showcases
    • Demonstrations for how things were intended to be used
    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
    Microsoft
    It's extremely versatile, mirrored with so much documentation.
    Incentivized
    Read full review
    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
    Microsoft
    They are good, but there is always room to be better.
    Incentivized
    Read full review
    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
    Microsoft
    I have used everything from industry standard TMS systems to SAP to various BIs like Tableau and Power BI. The point is my background is varied, but what's nice is being it's MS anything you already use that is also Microsoft will make Microsoft Dynamics 365 Finance feel way more natural and native, being you have used MS products for years likely.
    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
    Microsoft
    No answers on this topic
    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