Abas ERP vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Abas ERP
Score 7.4 out of 10
N/A
Abas ERP is an ERP with relatively extensive capabilities from supply chain optimization to customer relationship managementN/A
Workday Financial Management
Score 8.3 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
Abas ERPWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Abas ERPWorkday 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
Features
Abas ERPWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Abas ERP
9.0
1 Ratings
21% above category average
Workday Financial Management
8.2
17 Ratings
12% above category average
API for custom integration9.01 Ratings8.314 Ratings
Plug-ins9.01 Ratings8.216 Ratings
Security
Comparison of Security features of Product A and Product B
Abas ERP
8.5
2 Ratings
4% above category average
Workday Financial Management
8.8
21 Ratings
8% above category average
Single sign-on capability9.01 Ratings8.821 Ratings
Role-based user permissions8.02 Ratings8.919 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Abas ERP
8.0
2 Ratings
14% above category average
Workday Financial Management
8.5
24 Ratings
20% above category average
Dashboards8.02 Ratings8.424 Ratings
Standard reports7.52 Ratings8.820 Ratings
Custom reports8.52 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Abas ERP
8.0
1 Ratings
5% above category average
Workday Financial Management
8.5
20 Ratings
11% above category average
Accounts payable7.01 Ratings9.015 Ratings
Accounts receivable7.01 Ratings9.115 Ratings
Global Financial Support9.01 Ratings8.516 Ratings
Primary and Secondary Ledgers9.01 Ratings8.716 Ratings
Journals and Reconciliations9.01 Ratings8.913 Ratings
Configurable Accounting8.01 Ratings8.316 Ratings
Standardized Processes7.01 Ratings9.017 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Abas ERP
8.1
2 Ratings
3% above category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking7.52 Ratings9.09 Ratings
Automatic reordering8.52 Ratings8.69 Ratings
Location management8.02 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Abas ERP
8.3
2 Ratings
7% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing8.02 Ratings00 Ratings
Order entry8.02 Ratings00 Ratings
Cost of goods sold8.52 Ratings00 Ratings
Order Orchestration8.52 Ratings00 Ratings
Credit card processing00 Ratings9.110 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Abas ERP
7.3
1 Ratings
2% below category average
Workday Financial Management
-
Ratings
Billing Management8.01 Ratings00 Ratings
Cash and Asset Management7.01 Ratings00 Ratings
Travel & Expense Management7.01 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting7.01 Ratings00 Ratings
Period Close8.01 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Abas ERP
7.4
2 Ratings
3% below category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting6.52 Ratings00 Ratings
Project Costing7.02 Ratings00 Ratings
Cost Capture7.02 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Abas ERP
7.8
1 Ratings
13% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling8.01 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Abas ERP
6.4
2 Ratings
8% below category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared8.01 Ratings00 Ratings
Contract Authoring5.01 Ratings00 Ratings
Supplier Management6.01 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Abas ERP
7.0
2 Ratings
7% below category average
Workday Financial Management
-
Ratings
Production Process Design8.01 Ratings00 Ratings
Production Management8.02 Ratings00 Ratings
Work Execution9.01 Ratings00 Ratings
Manufacturing Costs7.02 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Abas ERP
5.8
2 Ratings
22% below category average
Workday Financial Management
-
Ratings
Inventory Planning6.52 Ratings00 Ratings
Performance Monitoring5.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Abas ERP
-
Ratings
Workday Financial Management
8.3
19 Ratings
14% above category average
Pay calculation00 Ratings8.519 Ratings
Benefit plan administration00 Ratings8.716 Ratings
Direct deposit files00 Ratings8.316 Ratings
Best Alternatives
Abas ERPWorkday 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 7.1 out of 10
Infor VISUAL
Infor VISUAL
Score 7.1 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
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User Ratings
Abas ERPWorkday Financial Management
Likelihood to Recommend
9.0
(2 ratings)
8.7
(24 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.5
(5 ratings)
Support Rating
-
(0 ratings)
9.7
(5 ratings)
User Testimonials
Abas ERPWorkday Financial Management
Likelihood to Recommend
Abas ERP
ABAS by far offers the most bang for the buck. We are able to handle all of our business functions through ABAS and also have additional features like Business Apps, Business Intelligence, Vendor and Customer portals, as well as many other features that many other ERP packages didn't have. It has allowed us to consolidate our software packages and also provide visibility since everything is now connected.
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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
Abas ERP
  • Ability to drill down information from one screen to another
  • Allows creation of various custom fields screens and reports
  • Availability of "demo" system where one can test new functionality without affecting "Live Abas ERP"
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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.
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Cons
Abas ERP
  • ABAS is headquartered in Germany with a US based headquarters in Virginia. Some of the programming structures were based on European methods that differed somewhat from the way business is done in the US. ABAS-USA has worked to modify the system so that it is in tune with US business practices and has made great strides in this effort. For the average user, the structures may go unnoticed, but for the more advanced user, some of the field names that are used for advanced reporting might be in German. However, ABAS-USA has recently been updating the programming language to be fully in English.
  • Because ABAS is growing rapidly, more complex customizations might take longer to complete than normal. ABAS appears to be bringing on even more technicians to handle the increased workload so the concern is waning.
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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
Abas ERP
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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Support Rating
Abas ERP
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
Abas ERP
These other software packages all have strengths but for what we were looking for in one system, to handle most of our business processes, but also allow the flexibility to be customized (without the need to be placed on a "like to have" waiting list), ABAS gave us that ability, hands down.
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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
Abas ERP
  • Abas ERP has had positive impact on our overall business objectives.
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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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ScreenShots