Spruce vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Spruce
Score 7.6 out of 10
N/A
Spruce is an end-to-end business management software that allows lumber, home, and building supply businesses to manage purchasing, inventory, ecommerce, documentation, delivery, accounting, and sales analytics all within a single system for increased efficiency and profitability.N/A
Workday Financial Management
Score 8.1 out of 10
N/A
Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model,…N/A
Pricing
SpruceWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
SpruceWorkday 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
SpruceWorkday Financial Management
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
SpruceWorkday Financial Management
Security
Comparison of Security features of Product A and Product B
Spruce
5.9
2 Ratings
32% below category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Role-based user permissions5.92 Ratings8.818 Ratings
Single sign-on capability00 Ratings8.820 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Spruce
4.7
2 Ratings
39% below category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards3.61 Ratings8.323 Ratings
Standard reports5.92 Ratings8.819 Ratings
Custom reports4.52 Ratings8.317 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Spruce
7.1
2 Ratings
7% below category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable7.72 Ratings8.914 Ratings
Accounts receivable6.82 Ratings9.014 Ratings
Journals and Reconciliations5.52 Ratings8.812 Ratings
Configurable Accounting8.21 Ratings8.215 Ratings
Standardized Processes7.32 Ratings9.016 Ratings
Global Financial Support00 Ratings8.315 Ratings
Primary and Secondary Ledgers00 Ratings8.715 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Spruce
8.3
2 Ratings
6% above category average
Workday Financial Management
8.7
8 Ratings
10% above category average
Inventory tracking7.72 Ratings9.08 Ratings
Automatic reordering8.21 Ratings8.68 Ratings
Location management9.11 Ratings8.57 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Spruce
7.7
2 Ratings
1% below category average
Workday Financial Management
9.2
9 Ratings
17% above category average
Pricing6.42 Ratings00 Ratings
Order entry8.22 Ratings00 Ratings
Credit card processing7.32 Ratings9.29 Ratings
Cost of goods sold7.72 Ratings00 Ratings
Order Orchestration9.11 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Spruce
8.2
1 Ratings
10% above category average
Workday Financial Management
-
Ratings
Billing Management9.11 Ratings00 Ratings
Cash and Asset Management7.31 Ratings00 Ratings
Period Close8.21 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Spruce
3.6
1 Ratings
67% below category average
Workday Financial Management
-
Ratings
Inventory Planning3.61 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Spruce
-
Ratings
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation00 Ratings8.418 Ratings
Benefit plan administration00 Ratings8.615 Ratings
Direct deposit files00 Ratings8.315 Ratings
Customization
Comparison of Customization features of Product A and Product B
Spruce
-
Ratings
Workday Financial Management
8.2
16 Ratings
12% above category average
API for custom integration00 Ratings8.213 Ratings
Plug-ins00 Ratings8.115 Ratings
Best Alternatives
SpruceWorkday Financial Management
Small Businesses
Acumatica
Acumatica
Score 8.8 out of 10
Acumatica
Acumatica
Score 8.8 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.0 out of 10
Infor VISUAL
Infor VISUAL
Score 7.0 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
SpruceWorkday Financial Management
Likelihood to Recommend
8.2
(2 ratings)
8.7
(23 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.6
(5 ratings)
Availability
6.8
(2 ratings)
-
(0 ratings)
Support Rating
-
(0 ratings)
9.7
(5 ratings)
User Testimonials
SpruceWorkday Financial Management
Likelihood to Recommend
ECI Software Solutions
I think my single most surprising and satisfying experience with ECI and its RockSolid Maxx and then Spruce products was the ease of implementation and rollout -- both on the hardware and software side. ECI seems to have mastered the idea of using an integrated team along with robust tutorials to make that process easy.
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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.
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Pros
ECI Software Solutions
  • Inventory management
  • Multi-branch management
  • Purchase order generation and tracking
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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.
Read full review
Cons
ECI Software Solutions
  • Spruce offers a method for doing repetitive and reoccurring billing but it is not as intuitive and easy to use as it might be.
  • In my 30+ years of experience as CFO/CTO I've always found printing to be problematic. Though it is a problem with roots in hardware and thus somewhat beyond being fully addressable by software I'd like to see Spruce's solutions become a little more transparent. This said, my experience is that Spruce does a much better job of it than the Rocksolid Maxx product.
  • Though this may be a niche problem for a business with large construction and service components, the ability to track labor with greater detail would be nice.
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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
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Usability
ECI Software Solutions
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.
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Reliability and Availability
ECI Software Solutions
Several outages recently not tied to ISP. No Mac Support! No iOS Support!
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Workday
No answers on this topic
Support Rating
ECI Software Solutions
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.
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Alternatives Considered
ECI Software Solutions
Spruce is possibly just above average. Not super impressed with usability and especially not impressed with tech support who is rarely able to answer questions on the first call.
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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.
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Return on Investment
ECI Software Solutions
  • With $13 million in gross and 40 employees I'm able to run a full back office with a staff of two. In today's tight labor market that is invaluable.
  • Being able to implement Spruce with almost no upgrading or replacement of existing computer hardware represented a huge cost savings to us. I'm not even sure what dollar amount I could attach to that.
  • Dealing with both a wholesale and retail customers requires that we provide different levels and kinds of reporting and documentation. Spruce has made it easy to respond to the different demands that those customers place upon us.
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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.
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