SAP S/4HANA Cloud is a modular ERP that enables users to run mission-critical operations in real time from anywhere, introduce new business models in any industry, and expand globally. SAP S/4HANA Cloud is a SaaS product and can also be deployed in a hybrid landscape for quicker time to value. SAP S/4HANA Cloud is a foundational component of the SAP…
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Workday Financial Management
Score 7.9 out of 10
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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…
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Pricing
SAP S/4HANA Cloud
Workday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
SAP S/4HANA Cloud
Workday Financial Management
Free Trial
Yes
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
Required
No setup fee
Additional Details
Per user, per month
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More Pricing Information
Community Pulse
SAP S/4HANA Cloud
Workday Financial Management
Features
SAP S/4HANA Cloud
Workday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
SAP S/4HANA Cloud
8.3
Ratings
15% above category average
Workday Financial Management
8.4
Ratings
16% above category average
Pay calculation
8.10 Ratings
8.70 Ratings
Benefit plan administration
8.30 Ratings
8.90 Ratings
Direct deposit files
8.00 Ratings
8.60 Ratings
Customization
Comparison of Customization features of Product A and Product B
SAP S/4HANA Cloud
7.9
Ratings
4% above category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration
7.90 Ratings
8.60 Ratings
Plug-ins
7.80 Ratings
8.40 Ratings
Security
Comparison of Security features of Product A and Product B
SAP S/4HANA Cloud
8.4
Ratings
3% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability
8.70 Ratings
9.00 Ratings
Role-based user permissions
8.20 Ratings
9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
SAP S/4HANA Cloud
7.9
Ratings
9% above category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards
7.90 Ratings
8.50 Ratings
Standard reports
8.00 Ratings
9.00 Ratings
Custom reports
7.80 Ratings
8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
SAP S/4HANA Cloud
8.3
Ratings
7% above category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable
8.40 Ratings
8.90 Ratings
Accounts receivable
8.30 Ratings
9.00 Ratings
Global Financial Support
8.10 Ratings
8.30 Ratings
Primary and Secondary Ledgers
8.10 Ratings
8.70 Ratings
Journals and Reconciliations
8.20 Ratings
8.90 Ratings
Configurable Accounting
8.20 Ratings
8.30 Ratings
Standardized Processes
8.60 Ratings
9.10 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
SAP S/4HANA Cloud
8.6
Ratings
8% above category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking
8.60 Ratings
9.00 Ratings
Automatic reordering
8.40 Ratings
8.60 Ratings
Location management
8.20 Ratings
8.50 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
SAP S/4HANA Cloud
8.4
Ratings
7% above category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing
8.20 Ratings
00 Ratings
Order entry
8.50 Ratings
00 Ratings
Credit card processing
9.00 Ratings
9.10 Ratings
Cost of goods sold
8.50 Ratings
00 Ratings
Order Orchestration
8.00 Ratings
00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
SAP S/4HANA Cloud
8.6
Ratings
14% above category average
Workday Financial Management
-
Ratings
Billing Management
9.00 Ratings
00 Ratings
Cash and Asset Management
8.00 Ratings
00 Ratings
Travel & Expense Management
10.00 Ratings
00 Ratings
Budgetary Control & Encumbrance Accounting
8.00 Ratings
00 Ratings
Period Close
8.20 Ratings
00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
SAP S/4HANA Cloud
9.3
Ratings
29% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling
10.00 Ratings
00 Ratings
Task Insight for Project Managers
8.00 Ratings
00 Ratings
Project Mobile Functionality
10.00 Ratings
00 Ratings
Definable Resource Pools
9.00 Ratings
00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
SAP S/4HANA Cloud
8.3
Ratings
11% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management
8.30 Ratings
00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
SAP S/4HANA Cloud
8.2
Ratings
17% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared
8.20 Ratings
00 Ratings
Contract Authoring
8.20 Ratings
00 Ratings
Contract Repository
8.10 Ratings
00 Ratings
Requisitions-to-Purchase Orders Integrated
8.40 Ratings
00 Ratings
Supplier Management
8.30 Ratings
00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
SAP S/4HANA Cloud
9.8
Ratings
40% above category average
Workday Financial Management
-
Ratings
Risk Repository
10.00 Ratings
00 Ratings
Control Management
10.00 Ratings
00 Ratings
Control Efficiency Assessments
10.00 Ratings
00 Ratings
Issue Detection
9.00 Ratings
00 Ratings
Remediation and Certification
10.00 Ratings
00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
SAP S/4HANA Cloud
8.2
Ratings
21% above category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization
8.40 Ratings
00 Ratings
Transportation Execution Management
8.00 Ratings
00 Ratings
Trade and Customs Management
8.00 Ratings
00 Ratings
Fulfillment Management
8.50 Ratings
00 Ratings
Warehouse Workforce Management
8.20 Ratings
00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
SAP S/4HANA Cloud
8.5
Ratings
14% above category average
Workday Financial Management
-
Ratings
Production Process Design
8.50 Ratings
00 Ratings
Production Management
8.70 Ratings
00 Ratings
Configuration Management
8.40 Ratings
00 Ratings
Work Execution
8.30 Ratings
00 Ratings
Manufacturing Costs
8.50 Ratings
00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
SAP S/4HANA Cloud
8.3
Ratings
15% above category average
Workday Financial Management
-
Ratings
Forecasting
8.20 Ratings
00 Ratings
Inventory Planning
8.30 Ratings
00 Ratings
Performance Monitoring
8.30 Ratings
00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
The software reduces the stress of managing multiple departments in the supply chain sector. It offers great performance for both small and large businesses. With the built-in AI, it improves the overall efficiency of the organization and helps in reducing maintenance. The product customer care and support services are available 24/7.
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.
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.
I am not part of the team that makes this decision but I would recommend renewing the contract. Most employees at Tennant are long term employees and would find it difficult to change to a different software. They are comfortable using SAP.
SAP S/4HANA Cloud has a super flexible and intuitive dashboard, allowing every user to navigate effectively. It also has powerful customer help, which acts as a guide for new subscribers. The features deployed are realistic and functional, without defects. Constant changes and updates are proactively shared.
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.
The support system I find great as whenever I run into problems they rectify them quickly as possible they never reacted late the support is just up to the mark for me. They provide many solutions to the problems I faced the [technical] team support is always amazing they [listen] to mean work accordingly.
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.
SAP requires a lot of internal and external resources to complete its successful implementation. The cloud version requires a deeper understanding of the different capabilities of the local systems (hardware) and the connection towards your local IT team. We found several problems on our systems that we couldn't foresee before the implementation and roll out.
Previously we had implemented Azure Cloud Services which had cost us excessively compared to SAP cloud. Also I found the user interface easier to work with compared to the azure cloud as well. Overall the features are really good compared to Azure and cost is also less compared to it
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.
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