Ramco ERP vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Ramco ERP
Score 8.1 out of 10
N/A
Ramco ERP is a comprehensive cloud ERP solution catering to the needs of fast growing enterprises. Ramco calls its ERP software "cognitive and post-modern", and says it aims to help optimize complex business processes and enable organizations to thrive digitally. Ramco ERP offers Unified solution - Power of One Flexible workflow based approach In Memory based real-time optimization engine Cognitive & self learning…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
Ramco ERPWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Ramco ERPWorkday 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
Ramco ERPWorkday Financial Management
Features
Ramco ERPWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Ramco ERP
8.8
Ratings
20% above category average
Workday Financial Management
8.4
Ratings
16% above category average
Pay calculation8.00 Ratings8.70 Ratings
Benefit plan administration9.00 Ratings8.90 Ratings
Direct deposit files10.00 Ratings8.60 Ratings
Customization
Comparison of Customization features of Product A and Product B
Ramco ERP
9.0
Ratings
17% above category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration9.00 Ratings8.60 Ratings
Plug-ins9.00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Ramco ERP
8.5
Ratings
4% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability9.00 Ratings9.00 Ratings
Role-based user permissions8.00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Ramco ERP
9.0
Ratings
22% above category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards10.00 Ratings8.50 Ratings
Standard reports8.00 Ratings9.00 Ratings
Custom reports9.00 Ratings8.70 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Ramco ERP
8.3
Ratings
5% above category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking8.00 Ratings9.00 Ratings
Location management9.00 Ratings8.50 Ratings
Automatic reordering00 Ratings8.60 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Ramco ERP
9.0
Ratings
13% above category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing9.00 Ratings00 Ratings
Order entry9.00 Ratings00 Ratings
Credit card processing00 Ratings9.10 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Ramco ERP
-
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
Best Alternatives
Ramco ERPWorkday Financial Management
Small Businesses
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Score 8.9 out of 10
Medium-sized Companies
Infor VISUAL
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Score 8.0 out of 10
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Score 8.0 out of 10
Enterprises
24SevenOffice
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Score 9.0 out of 10
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Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Ramco ERPWorkday Financial Management
Likelihood to Recommend
10.0
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
9.0
(0 ratings)
10.0
(0 ratings)
Support Rating
9.0
(0 ratings)
10.0
(0 ratings)
User Testimonials
Ramco ERPWorkday Financial Management
Likelihood to Recommend
It provides a complete real-time solution on the go, if possible. Complete with all the features. I would definitely recommend this
to other businesses to have in their ecosystem for a complete understanding of
cloud-based digitization of business operations. Best choice for transforming the cloud-based organization into digital transformation.
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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
  • I am pretty much impressed by their unified solution for every problem, workflow-based approach, and real-time optimizing engine in memory.
  • Interference of Ramco ERP is the reason for choosing it.
  • It is a completely cost-effective and reliable ERP solution.
  • The best feature that helps me to keep working on Ramco ERP is that it easily integrated with other existing software very easily.
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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
  • The biggest drawback I have been facing while using the platform is that there must be no compromise on security. There is a need for a few changes in security and data control which helps businesses to trust Ramco ERP more.
  • Data migration is a bit of hard work along with the reports that are not giving expected results, which need improvements.
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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
I have
been using this software for some time where I have changed my organization
setup with the help of Ramco ERP and it leads to being the best choice, as it has
all the features that are needed to be the best. All the processes are very streamlined, easy to
use, and the real-time inventory stock update is amazing.
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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
The support team is best in their respective tasks.
They are very supportive and responsive to the messages, listen to the problem
carefully, and provide a solution on the go. If it is not possible, they will
respond after time with the workable solution.
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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
No answers on this topic
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
  • Support team is great; it helps me where I am stuck.
  • It has a very intuitive nature and is very well designed on modernized UI to have the best workflow.
  • I am very much satisfied with their services and features they’re offering.
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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

Ramco ERP Screenshots

Screenshot of Ramco ERP Product Roadmap

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis