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SAP Profitability and Performance Management vs. Workday Financial Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    SAP Profitability and Performance Management

    Score5.9 out of 10
    N/ASAP Profitability and Performance Management promises to help optimize business performance and improve the bottom line. The vendor says key capabilities include: Build, maintain, and utilize sophisticated business and financial models that support multiple allocation methods for costs and revenue, for superior profitability modelling and optimization. Empower finance and business teams with actionable insights from sophisticated models such as profitability and cost…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 Profitability and Performance ManagementWorkday Financial Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    SAP Profitability and Performance ManagementWorkday Financial Management
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeRequiredNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    SAP Profitability and Performance ManagementWorkday Financial Management
    Considered Both Products
    SAP
    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
    SAP Profitability and Performance ManagementWorkday Financial Management
    BI Standard Reporting
    Comparison of BI Standard Reporting features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.7
    1 Ratings
    24% above category average
    Workday Financial Management
    -
    Ratings
    Pixel Perfect reports10.01 Ratings00 Ratings
    Customizable dashboards10.01 Ratings00 Ratings
    Report Formatting Templates9.01 Ratings00 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.5
    2 Ratings
    15% above category average
    Workday Financial Management
    -
    Ratings
    Drill-down analysis10.02 Ratings00 Ratings
    Formatting capabilities9.02 Ratings00 Ratings
    Integration with R or other statistical packages10.01 Ratings00 Ratings
    Report sharing and collaboration9.01 Ratings00 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.3
    1 Ratings
    12% above category average
    Workday Financial Management
    -
    Ratings
    Publish to Web10.01 Ratings00 Ratings
    Publish to PDF9.01 Ratings00 Ratings
    Report Versioning9.01 Ratings00 Ratings
    Report Delivery Scheduling9.01 Ratings00 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.7
    2 Ratings
    24% above category average
    Workday Financial Management
    -
    Ratings
    Pre-built visualization formats (heatmaps, scatter plots etc.)10.02 Ratings00 Ratings
    Location Analytics / Geographic Visualization9.02 Ratings00 Ratings
    Predictive Analytics10.01 Ratings00 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.7
    2 Ratings
    11% above category average
    Workday Financial Management
    -
    Ratings
    Multi-User Support (named login)10.02 Ratings00 Ratings
    Role-Based Security Model9.02 Ratings00 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)10.02 Ratings00 Ratings
    Single Sign-On (SSO)10.02 Ratings00 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.8
    1 Ratings
    22% above category average
    Workday Financial Management
    -
    Ratings
    Responsive Design for Web Access10.01 Ratings00 Ratings
    Mobile Application9.01 Ratings00 Ratings
    Dashboard / Report / Visualization Interactivity on Mobile10.01 Ratings00 Ratings
    Budgeting, Planning, and Forecasting
    Comparison of Budgeting, Planning, and Forecasting features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.8
    2 Ratings
    17% above category average
    Workday Financial Management
    -
    Ratings
    Long-term financial planning10.02 Ratings00 Ratings
    Financial budgeting10.02 Ratings00 Ratings
    Forecasting10.02 Ratings00 Ratings
    Scenario modeling9.02 Ratings00 Ratings
    Management reporting10.02 Ratings00 Ratings
    Consolidation and Close
    Comparison of Consolidation and Close features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.7
    2 Ratings
    20% above category average
    Workday Financial Management
    -
    Ratings
    Financial data consolidation10.01 Ratings00 Ratings
    Journal entries and reports9.02 Ratings00 Ratings
    Multi-currency management10.02 Ratings00 Ratings
    Intercompany Eliminations10.01 Ratings00 Ratings
    Minority Ownership10.01 Ratings00 Ratings
    Local and consolidated reporting10.01 Ratings00 Ratings
    Detailed Audit Trails9.02 Ratings00 Ratings
    Financial Reporting and Compliance
    Comparison of Financial Reporting and Compliance features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.4
    2 Ratings
    15% above category average
    Workday Financial Management
    -
    Ratings
    Financial Statement Reporting10.01 Ratings00 Ratings
    Management Reporting9.02 Ratings00 Ratings
    Excel-based Reporting9.02 Ratings00 Ratings
    Automated board and financial reporting10.01 Ratings00 Ratings
    XBRL support for regulatory filing9.01 Ratings00 Ratings
    Analytics and Reporting
    Comparison of Analytics and Reporting features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.7
    2 Ratings
    20% above category average
    Workday Financial Management
    -
    Ratings
    Personalized dashboards10.01 Ratings00 Ratings
    Color-coded scorecards9.01 Ratings00 Ratings
    KPIs10.02 Ratings00 Ratings
    Cost and profitability analysis10.02 Ratings00 Ratings
    Key Performance Indicator setting9.01 Ratings00 Ratings
    Benchmarking with external data10.02 Ratings00 Ratings
    Integration
    Comparison of Integration features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    9.7
    2 Ratings
    15% above category average
    Workday Financial Management
    -
    Ratings
    Flat file integration9.02 Ratings00 Ratings
    Excel data integration10.02 Ratings00 Ratings
    Direct links to 3rd-party data sources10.02 Ratings00 Ratings
    Payroll Management
    Comparison of Payroll Management features of SAP Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    -
    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 Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    -
    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 Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    -
    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 Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    -
    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 Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    -
    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 Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    -
    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 Profitability and Performance Management and Workday Financial Management
    Feature
    SAP Profitability and Performance Management
    -
    Ratings
    Workday Financial Management
    9.1
    9 Ratings
    15% above category average
    Credit card processing00 Ratings9.19 Ratings
    Best Alternatives
    SAP Profitability and Performance ManagementWorkday Financial Management
    Small Businesses
    No answers on this topic
    Zoho One
    Score8.9 out of 10
    Medium-sized Companies
    IBM Planning Analytics
    Score8.8 out of 10
    Zoho One
    Score8.9 out of 10
    Enterprises
    Oracle Fusion Cloud Enterprise Performance Management
    Score10 out of 10
    Microsoft Dynamics AX (discontinued)
    Score9.1 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    SAP Profitability and Performance ManagementWorkday Financial Management
    Likelihood to Recommend
    10.0
    (2 ratings)
    8.9
    (23 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    9.0
    (1 ratings)
    Usability
    -
    (0 ratings)
    10.0
    (5 ratings)
    Support Rating
    7.0
    (1 ratings)
    10.0
    (5 ratings)
    User Testimonials
    SAP Profitability and Performance ManagementWorkday Financial Management
    Likelihood to Recommend
    SAP
    SAP Profitability and Performance is well suited in an organization/scenario where it aims to grow their profitability and optimize their business performance. It will offer strong financial analytics that are applicable in modern organizations and it will assure improved performance and enable purposeful marketing of your goods/services at prevailing profitable rate.
    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
    SAP
    • Data enrichment (complex joins, lookups, and derivations).
    • Complex allocations and calculations.
    • Operates at a very high speed without disrupting the host HANA environment.
    • Connectivity to BW HANA and BPC.
    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
    SAP
    • We were forced to train some of our staff a bit as they faced various hurdles before getting familiar with the platform and using it efficiently.
    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
    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
    Read full review
    Support Rating
    SAP
    We did get excellent support from SAP during our implementation project. We will see about the SAP support over the long term.
    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
    SAP
    No answers on this topic
    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
    SAP
    • Helps us make sound decisions that positively impact our future.
    • Has simplified our financial planning process in our organization.
    • Our portfolio has doubled and grown immensely.
    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

    SAP Profitability and Performance Management Screenshots

    Screenshot of SAP Profitability and Performance Management offers a user-friendly environment for modeling, analysis and reporting.Screenshot of SAP Profitability and Performance Management Modeling Environment: Allocating Products and Service Costs to Customers.Screenshot of SAP Profitability and Performance Management Modeling Environment: Cost Allocation Flow Diagram.Screenshot of Reporting and Simulation in SAP Profitability and Performance Management: Profitability and Cost Management Report.Screenshot of Reporting dashboard in SAP Profitability and Performance Management.Screenshot of Value and Cost Flow Trace Visualization in SAP Profitability and Performance Management: Value Flow Diagram.

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis