Emburse Abacus vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Emburse Abacus
Score 6.8 out of 10
N/A
Abacus is a web and mobile application that helps manage employee expenses and reimbursements. Some key features include: Real-Time Expense Submission, Integrated ACH Payments, and Dynamic Custom Reporting. Abacus was acquired by Certify in summer 2018 and is now part of Emburse, formed from the merger of Certify and Chrome River March 2019.
$9
per active user/per month
Workday Financial Management
Score 8.2 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
Emburse AbacusWorkday Financial Management
Editions & Modules
Starter
$9
per active user/per month
Professional
Custom Pricing
Enterprise
Custom Pricing
No answers on this topic
Offerings
Pricing Offerings
Emburse AbacusWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Community Pulse
Emburse AbacusWorkday Financial Management
Top Pros
Top Cons
Features
Emburse AbacusWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Emburse Abacus
-
Ratings
Workday Financial Management
8.2
17 Ratings
13% above category average
Pay calculation00 Ratings8.317 Ratings
Benefit plan administration00 Ratings8.515 Ratings
Direct deposit files00 Ratings8.215 Ratings
Customization
Comparison of Customization features of Product A and Product B
Emburse Abacus
-
Ratings
Workday Financial Management
8.1
15 Ratings
11% above category average
API for custom integration00 Ratings8.113 Ratings
Plug-ins00 Ratings8.014 Ratings
Security
Comparison of Security features of Product A and Product B
Emburse Abacus
-
Ratings
Workday Financial Management
8.7
19 Ratings
7% above category average
Single sign-on capability00 Ratings8.619 Ratings
Role-based user permissions00 Ratings8.717 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Emburse Abacus
-
Ratings
Workday Financial Management
8.4
22 Ratings
19% above category average
Dashboards00 Ratings8.322 Ratings
Standard reports00 Ratings8.819 Ratings
Custom reports00 Ratings8.217 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Emburse Abacus
-
Ratings
Workday Financial Management
8.4
18 Ratings
10% above category average
Accounts payable00 Ratings8.914 Ratings
Accounts receivable00 Ratings9.014 Ratings
Global Financial Support00 Ratings8.315 Ratings
Primary and Secondary Ledgers00 Ratings8.615 Ratings
Journals and Reconciliations00 Ratings8.712 Ratings
Configurable Accounting00 Ratings8.215 Ratings
Standardized Processes00 Ratings8.815 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Emburse Abacus
-
Ratings
Workday Financial Management
8.5
8 Ratings
8% above category average
Inventory tracking00 Ratings8.98 Ratings
Automatic reordering00 Ratings8.48 Ratings
Location management00 Ratings8.37 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Emburse Abacus
-
Ratings
Workday Financial Management
9.0
9 Ratings
15% above category average
Credit card processing00 Ratings9.09 Ratings
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Emburse AbacusWorkday Financial Management
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Score 8.8 out of 10
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Score 7.4 out of 10
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Score 8.4 out of 10
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User Ratings
Emburse AbacusWorkday Financial Management
Likelihood to Recommend
2.8
(17 ratings)
8.5
(22 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.4
(5 ratings)
Support Rating
9.0
(9 ratings)
9.6
(5 ratings)
User Testimonials
Emburse AbacusWorkday Financial Management
Likelihood to Recommend
Emburse
Emburse Abacus is well suited for mid-market organizations that are open to - or embrace - the concept of real-time processing of expense transactions. Emburse Abacus takes a radically different approach from other platforms that rely on modeling paper-based monthly (or periodic) expense reports containing multiple expenses submitted simultaneously. Emburse Abacus allows each transaction to be very rapidly processed individually so that approving managers and accounting professionals are able to perform review tasks and identify potential problems throughout the entire month, relieving the massive monthly influx of large numbers of expense reports simultaneously.
Read full review
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.
Read full review
Pros
Emburse
  • User-Friendly Interface: Reviews from our employees (ages ranging from 20s-70s) are all positive in regards to the ease of submitting an expense and getting reimbursement on Abacus
  • Timely Reimbursement: After final approval, money hits user accounts within 2 days
  • Approval routing: ability to set up multi-tier complex approval routes
  • Syncs with Sage Intacct: pushes entries on a day to day basis in to Intacct and it hits our GL accordingly
  • Abacus is competitively priced compared to the competition
  • Abacus utilizes "by expense" management. Getting rid of expense reports and batch reports (they do have an option where you can batch if need be)
Read full review
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
Emburse
  • When you upload a receipt to abacus it would be great to port in the information from the receipt to the text fields.
  • It would be good to have a more automated way for Abacus to integrate in with other payroll systems.
  • It would be nice to have more levels of permissions, e.g. manager level, administer level and employee level.
Read full review
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
Read full review
Usability
Emburse
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.
Read full review
Support Rating
Emburse
I have never had to contact Abacus support and have not heard stories from any of my colleagues having to do so either. Our accounting department stresses the ease of Abacus and has not voiced any concerns with the software or the product support team or the product support process.
Read full review
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.
Read full review
Alternatives Considered
Emburse
I chose Abacus because of its ease of use and flexible billing. The billing is based on the number of submissions rather than users in the system. Because we reimburse committee members, we have a lot of users in the system, but the activity can vary widely from month to month.
Read full review
Workday
Workday Financial Management provides additional capabilities like real time financial analytics creation, easy tracking of multiple projects expense and management of all project financial data from one platform. CRM features are also impressive, billing tools and the online invoicing using Workday Financial Management and fraund detection is effective and even on distribution management this product is the master.
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Return on Investment
Emburse
  • It is giving reliable services.
  • I am happy with its user-friendly services. Since I have issued the virtual and physical cards, I am getting real-time, and end-to-end control over my employee expenses. They can now easily go to visits and this has built their trust too. Further through receipts and expense details, I can easily control the pre-set budgets and easily configure rules to control spending.
  • I will also like to praise their customer care team they are very helpful and always ready to assist.
Read full review
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.
Read full review
ScreenShots

Emburse Abacus Screenshots

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