SAP S/4HANA Cloud vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
SAP S/4HANA Cloud
Score 8.6 out of 10
N/A
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…N/A
Workday Financial Management
Score 7.9 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
SAP S/4HANA CloudWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
SAP S/4HANA CloudWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeRequiredNo setup fee
Additional DetailsPer user, per month
More Pricing Information
Community Pulse
SAP S/4HANA CloudWorkday Financial Management
Features
SAP S/4HANA CloudWorkday 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 calculation8.10 Ratings8.70 Ratings
Benefit plan administration8.30 Ratings8.90 Ratings
Direct deposit files8.00 Ratings8.60 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 integration7.90 Ratings8.60 Ratings
Plug-ins7.80 Ratings8.40 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 capability8.70 Ratings9.00 Ratings
Role-based user permissions8.20 Ratings9.00 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
Dashboards7.90 Ratings8.50 Ratings
Standard reports8.00 Ratings9.00 Ratings
Custom reports7.80 Ratings8.70 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 payable8.40 Ratings8.90 Ratings
Accounts receivable8.30 Ratings9.00 Ratings
Global Financial Support8.10 Ratings8.30 Ratings
Primary and Secondary Ledgers8.10 Ratings8.70 Ratings
Journals and Reconciliations8.20 Ratings8.90 Ratings
Configurable Accounting8.20 Ratings8.30 Ratings
Standardized Processes8.60 Ratings9.10 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 tracking8.60 Ratings9.00 Ratings
Automatic reordering8.40 Ratings8.60 Ratings
Location management8.20 Ratings8.50 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
Pricing8.20 Ratings00 Ratings
Order entry8.50 Ratings00 Ratings
Credit card processing9.00 Ratings9.10 Ratings
Cost of goods sold8.50 Ratings00 Ratings
Order Orchestration8.00 Ratings00 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 Management9.00 Ratings00 Ratings
Cash and Asset Management8.00 Ratings00 Ratings
Travel & Expense Management10.00 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting8.00 Ratings00 Ratings
Period Close8.20 Ratings00 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 Scheduling10.00 Ratings00 Ratings
Task Insight for Project Managers8.00 Ratings00 Ratings
Project Mobile Functionality10.00 Ratings00 Ratings
Definable Resource Pools9.00 Ratings00 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 Management8.30 Ratings00 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 Compared8.20 Ratings00 Ratings
Contract Authoring8.20 Ratings00 Ratings
Contract Repository8.10 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated8.40 Ratings00 Ratings
Supplier Management8.30 Ratings00 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 Repository10.00 Ratings00 Ratings
Control Management10.00 Ratings00 Ratings
Control Efficiency Assessments10.00 Ratings00 Ratings
Issue Detection9.00 Ratings00 Ratings
Remediation and Certification10.00 Ratings00 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 Optimization8.40 Ratings00 Ratings
Transportation Execution Management8.00 Ratings00 Ratings
Trade and Customs Management8.00 Ratings00 Ratings
Fulfillment Management8.50 Ratings00 Ratings
Warehouse Workforce Management8.20 Ratings00 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 Design8.50 Ratings00 Ratings
Production Management8.70 Ratings00 Ratings
Configuration Management8.40 Ratings00 Ratings
Work Execution8.30 Ratings00 Ratings
Manufacturing Costs8.50 Ratings00 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
Forecasting8.20 Ratings00 Ratings
Inventory Planning8.30 Ratings00 Ratings
Performance Monitoring8.30 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
SAP S/4HANA Cloud
9.0
Ratings
23% above category average
Workday Financial Management
-
Ratings
Proposal Management10.00 Ratings00 Ratings
Product Master Data Management8.00 Ratings00 Ratings
User Ratings
SAP S/4HANA CloudWorkday Financial Management
Likelihood to Recommend
8.6
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
9.3
(0 ratings)
9.0
(0 ratings)
Usability
8.2
(0 ratings)
10.0
(0 ratings)
Availability
9.0
(0 ratings)
-
(0 ratings)
Performance
9.0
(0 ratings)
-
(0 ratings)
Support Rating
5.7
(0 ratings)
10.0
(0 ratings)
In-Person Training
9.0
(0 ratings)
-
(0 ratings)
Online Training
9.0
(0 ratings)
-
(0 ratings)
Implementation Rating
6.7
(0 ratings)
-
(0 ratings)
Configurability
9.0
(0 ratings)
-
(0 ratings)
Ease of integration
8.0
(0 ratings)
-
(0 ratings)
Product Scalability
8.0
(0 ratings)
-
(0 ratings)
Vendor post-sale
8.0
(0 ratings)
-
(0 ratings)
Vendor pre-sale
8.0
(0 ratings)
-
(0 ratings)
User Testimonials
SAP S/4HANA CloudWorkday Financial Management
Likelihood to Recommend
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.
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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
  • SAP S/4HANA Cloud is entirely based on continuously monitored processes enhanced in numerous operational business areas.
  • The solution allows the immediate analysis of company performance indicators due to enhanced functions.
  • Ideally built on future technologies, the organization’s platform aims at providing a system intended to expand based on business complexity.
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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
  • The beginner's user-friendly UI can help learners learn easily, and it feels a bit complex.
  • Implementation of AI bot on common tasks.
  • There are no offline functionality that users can use remotely.
  • As the scalability of the products grows, they become more expensive.
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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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Likelihood to Renew
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.
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Usability
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.
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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
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.
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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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In-Person Training
More effective
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No answers on this topic
Implementation Rating
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.
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Alternatives Considered
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
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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
  • Surpasses many well reputed applications in terms of performance and data insight when you are into SAP products
  • More reliable and secure as we are not going to create multiple copy of master data, one single shared master data and all will work like charm
  • For authentication we can also use Microsoft MFA or Google single sign-on , so less complexity
  • For customized business process, we can implement extension packages which are like templates
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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

SAP S/4HANA Cloud Screenshots

Screenshot of the Order to Cash Dashboard - For the management of the order-to-cash process more efficiently across revenue streams and business models - including sales of physical and digital goods, services, subscriptions, projects, and bundles.Screenshot of a Sales Management Overview - Helps ensure sales reps meet their goals with an overview of orders and key sales performance metrics, with status tracking for each order in real time for the early detection of potential issues.Screenshot of the Purchasing Spend Dashboard - For weighing various aspects of purchasing spend through quick access to clear, complete, and real-time data, with less risk, and without opening different reports and transactions.Screenshot of Operational Supplier Evaluation - Provides a transparent overview of suppliers. Users can approve the most reliable vendors and get the right mix to serve business needs while reducing risk.Screenshot of Inventory Management - Provides visibility to manage supply chains, to mitigate risk, avoid unnecessary costs, maximize efficiency, and fulfill customer orders on time.Screenshot of Inventory Processing - Enables real-time supply chain visibility and provides meaningful metrics, with customizable dashboards and reports that display real-time inventory that track the status of inbound and outbound deliveries.

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis