Odoo Accounting vs. Workday Financial Management

Odoo Accounting is well suited for small and medium businesses that want to use an affordable cloud-based accounting solution with a simple, easy-to-use, intuitive, and user-friendly interface. For someone who does not have the strongest accounting knowledge with GAAP, Odoo Accounting solution will be familiar with the system easily after a couple of hours of technical training by Odoo consultants. Odoo Accounting will be not suitable for the complex accounting and invoicing processes within its standard functionalities without doing custom codes through its Odoo studio to fit with the requirements.

Incentivized

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.

Incentivized

• Simple and easy to use Integrated Accounting Software
• Affordable subscriptions option for cost saving
• Highly customizable options available

Incentivized

• 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.

Incentivized

• Synchronize Merchant Processor Accounts

Incentivized

• 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.

Incentivized

I believe Odoo Accounting software is an easy-to-use, intuitive and user-friendly accounting software that can be available in both free community versions and enterprise versions. In terms of the software subscription cost-effectiveness and overall functionalities, Odoo Accounting will be a good choice for the small and medium businesses that want to change their existing legacy systems into a more modernized and cost-saving fully integrated cloud-based solution because of its user-friendly interface and easy to map with their existing business processes effectively.

Incentivized

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.

Incentivized

Odoo has two forms of support.

1. Success packs where you get a Single Point of Contact (SPoC). This is great.
2. Free support tickets. This is not stellar, and is only applicable within the standard framework. They will not support customizations for free. That said, I have found that they generally can help me out.

Incentivized

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

Odoo Accounting is a big step up from Quickbooks, especially with the other apps. You see, Odoo Accounting can be used by itself, but is meant to be used with other apps such as Sales, Website, eCommerce, Inventory, Purchase, CRM, and more. The real benefit comes with the integrations with these apps.

Incentivized

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.

Incentivized

• Low cost
• More Automation
• Centralized Management

Incentivized

• 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

Incentivized