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SAP for Higher Education and Research vs. Workday Financial Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    SAP for Higher Education and Research

    Score7.8 out of 10
    N/ASAP for Higher Education and Research is a suite of scalable interrelated applications designed to support the various needs of higher education institutions, such as student lifecycle management, tuition and revenue management, grant and research management, research planning and analytics, and other institutional performance related modules.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
    SAP for Higher Education and ResearchWorkday Financial Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    SAP for Higher Education and ResearchWorkday 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
    SAP for Higher Education and ResearchWorkday Financial Management
    Considered Both Products
    SAP
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    100%
    Would buy again
    6 Answers
    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
    100%
    Happy with the feature set
    6 Answers
    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
    100%
    Implementation went as expected
    5 Answers
    89%
    Implementation went as expected
    16 Answers
    Features
    SAP for Higher Education and ResearchWorkday Financial Management
    Payroll Management
    Comparison of Payroll Management features of SAP for Higher Education and Research and Workday Financial Management
    Feature
    SAP for Higher Education and Research
    -
    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 SAP for Higher Education and Research and Workday Financial Management
    Feature
    SAP for Higher Education and Research
    -
    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 SAP for Higher Education and Research and Workday Financial Management
    Feature
    SAP for Higher Education and Research
    -
    Ratings
    Workday Financial Management
    9.0
    21 Ratings
    10% 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 SAP for Higher Education and Research and Workday Financial Management
    Feature
    SAP for Higher Education and Research
    -
    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 SAP for Higher Education and Research and Workday Financial Management
    Feature
    SAP for Higher Education and Research
    -
    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 SAP for Higher Education and Research and Workday Financial Management
    Feature
    SAP for Higher Education and Research
    -
    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 SAP for Higher Education and Research and Workday Financial Management
    Feature
    SAP for Higher Education and Research
    -
    Ratings
    Workday Financial Management
    9.1
    9 Ratings
    15% above category average
    Credit card processing00 Ratings9.19 Ratings
    Best Alternatives
    SAP for Higher Education and ResearchWorkday Financial Management
    Small Businesses
    No answers on this topic
    Zoho One
    Score8.9 out of 10
    Medium-sized Companies
    No answers on this topic
    Zoho One
    Score8.9 out of 10
    Enterprises
    No answers on this topic
    Microsoft Dynamics AX (discontinued)
    Score9.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    SAP for Higher Education and ResearchWorkday Financial Management
    Likelihood to Recommend
    7.6
    (6 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
    SAP for Higher Education and ResearchWorkday Financial Management
    Likelihood to Recommend
    SAP
    When I was at university, I used this product, which was quite new to me at the time. Since starting at my new institution, I've had the opportunity to learn more. It contains a lot of features and resources that facilitate integration with other systems and improve the efficiency of procedures. The software is not the simplest to use or comprehend. It has many features, making it challenging to learn everything. I had to enlist assistance.
    Incentivized
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    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
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    Pros
    SAP
    • The concur platform integrates all the necessary steps for reservation, expense reports, and reimbursement.
    • It has customer supports that can easily be reached by emails.
    • It emails the users for any important process steps.
    Incentivized
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    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
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    Cons
    SAP
    • Error Handling : Sometimes it created some issues where there was not enough explanation. But I think it is mostly related with the consulting company making poor development.
    • In every period, when students tries to access to the system all together and sign up for the courses, it always crashed for minimum a week. I think it requires Load Balancing.
    • The options we used were very limited there, I think there is more capabilities for collaboration is still needed. For example, exams, homeworks etc can be managed by itç
    Incentivized
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    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
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    Usability
    SAP
    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
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    Support Rating
    SAP
    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
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    Alternatives Considered
    SAP
    With its many partnerships and connections with other software used in higher education and research, SAP may assist institutions in streamlining their operations and enhancing access functionality. I chose SAP because I am already familiar with the other SAP products. I couldn't think of any other tools which stacks up against SAP for Higher Education and Research
    Incentivized
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    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
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    Return on Investment
    SAP
    • There were a lot of other platforms also used along with SAP for Higher Education and Research, I believe reducing these needs would be very important overall.
    • At the background, there are a lot of important functionalities reside like Accounting, HR etc. and this is where SAP for Higher Education and Research comes very powerful I believe
    • Cloud version would be a lot useful especially considering that, user logins are always seasonal so extra help always needed to balance the loads in the network.
    Incentivized
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    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
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    ScreenShots

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis