SYSPRO vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
SYSPRO
Score 8.1 out of 10
N/A
SYSPRO is a highly scalable, industry-built Enterprise Resource Planning (ERP) software solution that can be deployed in the cloud, on-premise, or accessed via any mobile device. SYSPRO is designed to simplify business complexity for manufacturers and distributors by providing actionable insight that supports effective decision-making, strong cost control, streamlined processes and improved productivity.N/A
Workday Financial Management
Score 7.8 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
SYSPROWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
SYSPROWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsMust contact sales team for pricing.
More Pricing Information
Community Pulse
SYSPROWorkday Financial Management
Features
SYSPROWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
SYSPRO
9.9
Ratings
26% above category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration9.90 Ratings8.60 Ratings
Plug-ins9.90 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
SYSPRO
10.0
Ratings
20% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Role-based user permissions10.00 Ratings9.00 Ratings
Single sign-on capability00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
SYSPRO
9.1
Ratings
23% above category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards9.00 Ratings8.50 Ratings
Standard reports8.60 Ratings9.10 Ratings
Custom reports9.70 Ratings8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
SYSPRO
8.6
Ratings
11% above category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable8.30 Ratings8.90 Ratings
Accounts receivable8.90 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
Inventory Management
Comparison of Inventory Management features of Product A and Product B
SYSPRO
9.2
Ratings
15% above category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking9.80 Ratings9.00 Ratings
Automatic reordering8.00 Ratings8.60 Ratings
Location management9.40 Ratings8.50 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
SYSPRO
8.2
Ratings
4% above category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing9.20 Ratings00 Ratings
Order entry7.00 Ratings00 Ratings
Credit card processing9.40 Ratings9.10 Ratings
Cost of goods sold7.10 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
SYSPRO
-
Ratings
Workday Financial Management
8.4
Ratings
16% above category average
Pay calculation00 Ratings8.70 Ratings
Benefit plan administration00 Ratings8.90 Ratings
Direct deposit files00 Ratings8.60 Ratings
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User Ratings
SYSPROWorkday Financial Management
Likelihood to Recommend
8.8
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
8.0
(0 ratings)
10.0
(0 ratings)
Support Rating
-
(0 ratings)
10.0
(0 ratings)
User Testimonials
SYSPROWorkday Financial Management
Likelihood to Recommend
If your company is an ISO or AS9100 type company that needs to maintain traceability of your products throughout the manufacturing process this is a good fit. Additionally, it performs well with inventory tracking and warehouse management. If you as just a basic job shop that just needs basic functions such as inventory, scheduling, work orders, etc...I would recommend using a product more manageable and less expensive such as ShopTech E2 Systems.
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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
  • Integrations with peripheral applications e.g. eCommerce websites.
  • SYSPRO does this very well through the use of it's web services and e.NET business objects. This makes integrations very easy.
  • Non-stocked configurable product production and management.
  • Through the use of SYSPRO's product configurator, configurable products are easily set-up and managed by the use of selections, criteria and tying it to parts. This is particularly useful for companies that produce configurable products and want to give their customers the ability to customize.
  • Document Management.
  • Out of the box, SYSPRO provides document management through crystal reports (Syspro Reporting service Reports and Documents for invoices, order acknowledgements etc.).
  • Accounting functions like Nightly Processing, Month end closing, General Ledger set-up etc. are easy to set-up and manage in SYSPRO.
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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
  • Their Projects and Contracts module is not as good as other ERP systems I have used. Tracking by Project for Sales and Purchases is cumbersome as it uses Jobs as the connecting point for the Projects and not the Project ID itself.
  • They do not have a way to have system to allow Non-Stock Part Codes to be kept in a table that you can use in Purchasing that go to a particular GL code which you can use over and over again. It only has stocking items, and all Items in a Warehouse go to that Warehouse GL code.
  • Similar to above the GL coding is not on the product but on the Warehouse that product is located in. I prefer it to be by Product not Warehouse.
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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've heard many reports from our users stating how difficult Syspro is to use and navigate. From an average standpoint, the Syspro Administrator has to invest a lot of time in setting up the user for success. Once the groundwork is applied, SYSPRO's overall usability becomes fair easier to the average user.
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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
No answers on this topic
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
I believe Syspro has more meat to it than the other software I have used in the past. I have worked with software programs that were in-house written and prepackaged programs as well. Our company is unique in many ways but is also pretty standard for manufacturing. We are too large for a program like QuickBooks but too small for a much bigger ERP. Syspro is about the right size program for our company. The program has the ability to turn modules on that we need and customize whatever we choose we want at the time.
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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
  • Our resent upgrade from Syspro 6 to Syspro 7 has had a few bumps in the road and the response time from the support time can be frustrating at times.
  • The reporting systems are a powerful tool that we take advantage off often.
  • The rest of the product is working as the people that use it.
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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

SYSPRO Screenshots

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Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis