Workday Financial Management

Workday Financial Management

118 Reviews and Ratings

Overview
Product	Rating	Most Used By	Product Summary	Starting Price
Workday Financial Management	Score7.8 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

Workday Financial Management

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Pricing Offerings
Workday Financial Management
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
No

No setup fee

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Community Pulse
Key User Insights
	Workday Financial Management
Considered Both Products	Workday Punnareddy Pallerla Sr Software Engineer in Information Technology at sabre (Airlines/Aviation, 5001-10,000 employees) Chose Workday Financial Management More available features, easy to use, and simple navigation. Incentivized Helpful? Wesley Gillean Regional Controller in Finance and Accounting at Acrisure (Insurance, 5001-10,000 employees) Chose Workday Financial Management We are still using Applied Epic for our end AMS system to record client and policy info for our agencies. Workday is a great add on tool we use for our consolidated financials. Incentivized Helpful? Verified User Chose Workday Financial Management More features at a better cost. Incentivized Helpful? Verified User Chose Workday Financial Management Workday Financial Management provides a seamless experience to access your required documents or review your pay history. Everything can be done in one place. It true is the one stop shop for digital HR hub to open up self serve to employees. Workday Financial Management has … Incentivized Helpful? Verified User Chose Workday Financial Management 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 … Incentivized Helpful? Verified User Chose Workday Financial Management I have much less experience working with Salesforce finicial application. but as per my knowledge it also provides reboust features and one of the top competitor of its. Workday Financial Management need to improve more and more to sustain. Incentivized Helpful? Verified User Chose Workday Financial Management WFM is integrated with SSO, while others are not fully integrated. SAP Concur was used mostly for expense report management, while Deltek Costpoint was used for project time and cost management. Deltek was not very user-friendly, unreliable, and expensive for what it handled. Incentivized Helpful? Jason Levy Account Director in Corporate at Priority Private Care (Accounting, 51-200 employees) Chose Workday Financial Management Workday is far superior to UKG. UKG felt cumbersome while being used, whereas Workday felt easy and intuitive. Workday allows for an easier flow of completing numerous everyday functions. I aim to integrate it into as many of my daily work routines as I can, reducing the time … Incentivized Helpful? Michelle Allen Sr. Billing Specialist in Finance and Accounting at Wellsky (Hospital & Health Care, 1001-5000 employees) Chose Workday Financial Management Paycor is not as user savvy Incentivized Helpful? Erin Easterberg Director of Billing & accounts receivable in Finance and Accounting at Coast Medical Service (Staffing & Recruiting, 51-200 employees) Chose Workday Financial Management Workday Financial Management absolutely blows them out of the water. Hands down is the best choice. It’s the clear winner for all teams using it. It can change your employees lives and day to day software challenges to speed up and develop reports needed across departments. Incentivized Helpful? Verified User Chose Workday Financial Management The processing power of Workday Financial Management we much better. The other systems didn't run as fast when trying to look at the financials or running any of the various reports that we would need. It also has a cleaner view when looking at the details. Incentivized Helpful? Verified User Chose Workday Financial Management 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 … Incentivized Helpful? Verified User Chose Workday Financial Management We went from PeopleSoft to Workday because of the efficiency and ease of use. There were a lot of limitations in PeopleSoft, just in simple things like character limits on fields that did not allow us to be as detailed. Workday Financial Management/Revenue Management has very … Incentivized Helpful? Verified User Chose Workday Financial Management The costs to implement Hyperion were astronomical comparted to Workday. Furthermore, the implementation timeline was probably a third of what we would have been looking at had we gone with Hyperion. Simply put, we got somewhere in the neighborhood of 90% of what we needed for … Incentivized Helpful? Zahra Najib Customer Advocate in Customer Service at Carvana (Internet, 1001-5000 employees) Chose Workday Financial Management It is a simple and intuitive solution that can be customized for your specific needs. It unifies HR and finance, giving you predictive analytics, real-time insights, and global visibility. It offers a single version of the tool to meet the requirements of diverse companies. Incentivized Helpful? Verified User Chose Workday Financial Management Stacking up it was a faster and more inexpensive implementation. Granted it was still early in the system development years, but the results and the five years of using it speak for themselves. Cloud we wanted, comprehensive financials was a core functional requirement and … Incentivized Helpful? Verified User Chose Workday Financial Management I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it! Incentivized Helpful?
	Would buy again
	96% Would buy again 22 Answers
	Delivers good value for the price
	95% Delivers good value for the price 20 Answers
	Happy with the feature set
	96% Happy with the feature set 22 Answers
	Lived up to sales and marketing promises
	95% Lived up to sales and marketing promises 18 Answers
	Implementation went as expected
89% Implementation went as expected 16 Answers

Features

Workday Financial Management

Comparison of Payroll Management features of Workday Financial Management
Feature	Workday Financial Management 8.4 19 Ratings 16% above category average
Pay calculation	8.719 Ratings
Benefit plan administration	8.916 Ratings
Direct deposit files	8.616 Ratings

Comparison of Customization features of Workday Financial Management
Feature	Workday Financial Management 8.5 17 Ratings 11% above category average
API for custom integration	8.614 Ratings
Plug-ins	8.416 Ratings

Comparison of Security features of Workday Financial Management
Feature	Workday Financial Management 9.0 21 Ratings 10% above category average
Single sign-on capability	9.021 Ratings
Role-based user permissions	9.019 Ratings

Comparison of Reporting & Analytics features of Workday Financial Management
Feature	Workday Financial Management 8.7 23 Ratings 19% above category average
Dashboards	8.523 Ratings
Standard reports	9.120 Ratings
Custom reports	8.718 Ratings

Comparison of General Ledger and Configurable Accounting features of Workday Financial Management
Feature	Workday Financial Management 8.5 19 Ratings 10% above category average
Accounts payable	8.914 Ratings
Accounts receivable	9.014 Ratings
Global Financial Support	8.315 Ratings
Primary and Secondary Ledgers	8.715 Ratings
Journals and Reconciliations	8.912 Ratings
Configurable Accounting	8.315 Ratings
Standardized Processes	9.116 Ratings

Comparison of Inventory Management features of Workday Financial Management
Feature	Workday Financial Management 8.7 8 Ratings 10% above category average
Inventory tracking	9.08 Ratings
Automatic reordering	8.68 Ratings
Location management	8.57 Ratings

Comparison of Order Management features of Workday Financial Management
Feature	Workday Financial Management 9.1 9 Ratings 15% above category average
Credit card processing	9.19 Ratings

Best Alternatives
	Workday Financial Management
Small Businesses	Zoho One Score8.9 out of 10
Medium-sized Companies	Zoho One Score8.9 out of 10
Enterprises	Microsoft Dynamics AX (discontinued) Score9.1 out of 10
All Alternatives	View all alternatives

User Ratings
	Workday Financial Management
Likelihood to Recommend	8.9 (23 ratings)
Likelihood to Renew	9.0 (1 ratings)
Usability	10.0 (5 ratings)
Support Rating	10.0 (5 ratings)

User Testimonials
	Workday Financial Management
Likelihood to Recommend	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 Jason Levy Account Director Read full review
Pros	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 Verified User Read full review
Cons	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 Zahra Najib Customer Advocate Read full review
Usability	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 Verified User Read full review
Support Rating	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 Verified User Read full review
Alternatives Considered	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 Verified User Read full review
Return on Investment	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 Verified User Read full review
ScreenShots	Workday Financial Management Screenshots