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Unit4 Financials by Coda vs. Workday Financial Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Unit4 Financials by Coda

    Score5.1 out of 10
    N/AUnit4 Financials by Coda is presented as a no-compromise, dedicated, standalone financial management software that supports financial accounting, procurement, billing and asset management.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
    Unit4 Financials by CodaWorkday Financial Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Unit4 Financials by CodaWorkday 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
    Unit4 Financials by CodaWorkday Financial Management
    Considered Both Products
    Unit4
    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
    Unit4 Financials by CodaWorkday Financial Management
    Security
    Comparison of Security features of Unit4 Financials by Coda and Workday Financial Management
    Feature
    Unit4 Financials by Coda
    9.0
    1 Ratings
    8% above category average
    Workday Financial Management
    9.0
    21 Ratings
    10% above category average
    Single sign-on capability9.01 Ratings9.021 Ratings
    Role-based user permissions9.01 Ratings9.019 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Unit4 Financials by Coda and Workday Financial Management
    Feature
    Unit4 Financials by Coda
    5.3
    1 Ratings
    39% below category average
    Workday Financial Management
    8.7
    23 Ratings
    19% above category average
    Dashboards1.01 Ratings8.523 Ratings
    Standard reports7.01 Ratings9.120 Ratings
    Custom reports8.01 Ratings8.718 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Unit4 Financials by Coda and Workday Financial Management
    Feature
    Unit4 Financials by Coda
    8.1
    1 Ratings
    4% above category average
    Workday Financial Management
    8.5
    19 Ratings
    10% above category average
    Accounts payable9.01 Ratings8.914 Ratings
    Accounts receivable9.01 Ratings9.014 Ratings
    Cash management8.01 Ratings00 Ratings
    Expense management8.01 Ratings00 Ratings
    Multi-division support8.01 Ratings00 Ratings
    Intercompany Accounting7.01 Ratings00 Ratings
    Journals and Reconciliations8.01 Ratings8.912 Ratings
    Standardized Processes8.01 Ratings9.116 Ratings
    Global Financial Support00 Ratings8.315 Ratings
    Primary and Secondary Ledgers00 Ratings8.715 Ratings
    Configurable Accounting00 Ratings8.315 Ratings
    Inventory Management
    Comparison of Inventory Management features of Unit4 Financials by Coda and Workday Financial Management
    Feature
    Unit4 Financials by Coda
    8.0
    1 Ratings
    8% above category average
    Workday Financial Management
    8.7
    8 Ratings
    10% above category average
    Inventory tracking8.01 Ratings9.08 Ratings
    Automatic reordering00 Ratings8.68 Ratings
    Location management00 Ratings8.57 Ratings
    Payroll Management
    Comparison of Payroll Management features of Unit4 Financials by Coda and Workday Financial Management
    Feature
    Unit4 Financials by Coda
    -
    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 Unit4 Financials by Coda and Workday Financial Management
    Feature
    Unit4 Financials by Coda
    -
    Ratings
    Workday Financial Management
    8.5
    17 Ratings
    11% above category average
    API for custom integration00 Ratings8.614 Ratings
    Plug-ins00 Ratings8.416 Ratings
    Order Management
    Comparison of Order Management features of Unit4 Financials by Coda and Workday Financial Management
    Feature
    Unit4 Financials by Coda
    -
    Ratings
    Workday Financial Management
    9.1
    9 Ratings
    15% above category average
    Credit card processing00 Ratings9.19 Ratings
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    All AlternativesView all alternativesView all alternatives
    User Ratings
    Unit4 Financials by CodaWorkday Financial Management
    Likelihood to Recommend
    9.0
    (1 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
    Unit4 Financials by CodaWorkday Financial Management
    Likelihood to Recommend
    Unit4
    This would work well for the back side of accounting...meaning after the invoice was created. If you need software to create invoices, this may not be the software for you (or at least you would have to do additional research on its capability). Other than that, it takes care of the majority of our needs.
    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
    Read full review
    Pros
    Unit4
    • It is easy to move around in if set up properly.
    • You can changes background colors to your choice.
    • It is customizable (you can create home pages specific to the user).
    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
    Unit4
    • There is a lot of "building" when first starting up with the software.
    • Some of the data you cannot pull unless you have sequel knowledge, although capabilities are getting better.
    • There is not a good operating statement report option.
    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
    Unit4
    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
    Unit4
    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
    Unit4
    Unit4 Financials is definitely much more robust than Peachtree or other software. I've also used SAP in the past and this seems to have many more capabilities.
    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
    Unit4
    • Because of the lack of operating statement reports, we've had to spend additional funds to use another system.
    • It does show data in real time, so no waiting for batches to update overnight.
    • You can do a lot of customizing to meet your own needs.
    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