What users are saying about
17 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 8.4 out of 100
56 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 8.1 out of 100

Feature Set Ratings

  • Accounting Power ranks higher in 2 feature sets: Security, General Ledger and Configurable Accounting
  • Workday Financial Management ranks higher in 2 feature sets: Customization, Reporting & Analytics

Customization

4.0

Accounting Power

40%
8.8

Workday Financial Management

88%
Workday Financial Management ranks higher in 2/2 features

API for custom integration

4.0
40%
1 Rating
8.7
87%
4 Ratings

Plug-ins

N/A
0 Ratings
9.0
90%
4 Ratings

Security

9.5

Accounting Power

95%
9.3

Workday Financial Management

93%
Accounting Power ranks higher in 2/2 features

Single sign-on capability

10.0
100%
1 Rating
9.5
95%
6 Ratings

Role-based user permissions

9.0
90%
1 Rating
9.0
90%
5 Ratings

Reporting & Analytics

8.0

Accounting Power

80%
8.9

Workday Financial Management

89%
Workday Financial Management ranks higher in 3/3 features

Dashboards

7.0
70%
1 Rating
9.0
90%
7 Ratings

Custom reports

9.0
90%
1 Rating
9.0
90%
7 Ratings

Standard reports

N/A
0 Ratings
8.8
88%
7 Ratings

General Ledger and Configurable Accounting

8.5

Accounting Power

85%
7.9

Workday Financial Management

79%
Accounting Power ranks higher in 8/14 features

Accounts payable

9.0
90%
1 Rating
7.0
70%
4 Ratings

Accounts receivable

9.0
90%
1 Rating
7.0
70%
4 Ratings

Cash management

8.0
80%
1 Rating
N/A
0 Ratings

Bank reconciliation

10.0
100%
1 Rating
N/A
0 Ratings

Expense management

9.0
90%
1 Rating
N/A
0 Ratings

Multi-division support

6.0
60%
1 Rating
N/A
0 Ratings

Journals and Reconciliations

8.0
80%
1 Rating
6.5
65%
4 Ratings

Standardized Processes

9.0
90%
1 Rating
8.5
85%
6 Ratings

Global Financial Support

N/A
0 Ratings
8.3
83%
5 Ratings

Primary and Secondary Ledgers

N/A
0 Ratings
8.3
83%
5 Ratings

Intercompany Accounting

N/A
0 Ratings
8.5
85%
5 Ratings

Localizations

N/A
0 Ratings
7.5
75%
3 Ratings

Configurable Accounting

N/A
0 Ratings
9.0
90%
6 Ratings

Centralized Rules Framework

N/A
0 Ratings
8.5
85%
6 Ratings

Payroll Management

Accounting Power

Feature Set Not Supported
N/A
8.1

Workday Financial Management

81%
Workday Financial Management ranks higher in 5/5 features

Pay calculation

N/A
0 Ratings
8.0
80%
4 Ratings

Benefit plan administration

N/A
0 Ratings
8.0
80%
4 Ratings

Direct deposit files

N/A
0 Ratings
8.5
85%
4 Ratings

Salary revision and increment management

N/A
0 Ratings
8.0
80%
3 Ratings

Reimbursement management

N/A
0 Ratings
8.0
80%
4 Ratings

Inventory Management

Accounting Power

Feature Set Not Supported
N/A
9.0

Workday Financial Management

90%
Workday Financial Management ranks higher in 3/3 features

Inventory tracking

N/A
0 Ratings
9.0
90%
1 Rating

Automatic reordering

N/A
0 Ratings
9.0
90%
1 Rating

Location management

N/A
0 Ratings
9.0
90%
1 Rating

Order Management

Accounting Power

Feature Set Not Supported
N/A
8.5

Workday Financial Management

85%
Workday Financial Management ranks higher in 1/1 features

Credit card processing

N/A
0 Ratings
8.5
85%
3 Ratings

Attribute Ratings

  • Accounting Power is rated higher in 2 areas: Likelihood to Recommend, Usability
  • Workday Financial Management is rated higher in 1 area: Support Rating

Likelihood to Recommend

9.0

Accounting Power

90%
1 Rating
8.3

Workday Financial Management

83%
7 Ratings

Likelihood to Renew

10.0

Accounting Power

100%
1 Rating

Workday Financial Management

N/A
0 Ratings

Usability

10.0

Accounting Power

100%
1 Rating
7.8

Workday Financial Management

78%
4 Ratings

Support Rating

7.0

Accounting Power

70%
1 Rating
8.5

Workday Financial Management

85%
4 Ratings

Implementation Rating

8.0

Accounting Power

80%
1 Rating

Workday Financial Management

N/A
0 Ratings

Likelihood to Recommend

AccountantsWorld

Retail, professional services, non-manufacturing, or non-inventory-based clients are a great fit.
Read full review

Workday

Financial reporting is sometimes tricky in our field because
some oil and gas fields are depleted, and the standard methods of activating
abandoned oil wells will have high-cost variability. Therefore, in this scenario, Workday Financial Management made internal financial reporting statements pretty seamless, where initial
bid and field cost can be incorporated very easily in an asset-wise manner.
Also, cloud-based sharing was never a problem, and our lease operators never had
a problem understanding which reports belong to which asset.
Read full review

Pros

AccountantsWorld

  • Simple layout
  • Logical menu and format
  • Flexibility in designing reports
  • Department/location accounting
Read full review

Workday

  • Workday is very organized and user friendly. I haven't heard this from any of my co workers that they faced a hard time navigating around or getting technical support.
  • The platform offers variety of options for the company to offer to their employees. This includes easy access to their time off balance, hours they have worked, and accessing pay stubs any time.
  • One of the biggest thing I notice on a lot of technical platforms is that they don't notify their users of any updates they may be making on their website but workday does a great job of notifying its user way ahead of time of any updates they may be doing
Read full review

Cons

AccountantsWorld

  • CPA firm's client interface for delivery of bills to pay
  • Better ACH payment options for bill payment
  • Additional layer of department/location allocation
  • Invoicing option in mobile app
Read full review

Workday

  • We were surprised by the lack of user guides and supporting information for day-to-day users. Granted, we could find this, but our users like guides.
  • The system could improve with contact help and chat functions if you need the answers quickly. We figured this would all have been built in.
  • Quite surprised by the lack of treasury management functionality. SAP and Oracle have it, although their modules are not that comprehensive or user friendly.
Read full review

Pricing Details

Accounting Power

Starting Price

Editions & Modules

Accounting Power editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    Workday Financial Management

    Starting Price

    Editions & Modules

    Workday Financial Management editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Likelihood to Renew

      AccountantsWorld

      I do not see a good alternative in the market
      Read full review

      Workday

      No answers on this topic

      Usability

      AccountantsWorld

      It provides everything one needs for accounting services and then some at a price point that makes it very affordable.
      Read full review

      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

      AccountantsWorld

      Needs some work. Support staff seem to be computer people, not accountants or users of the system. Their answers sometimes seem short and computer-based. Not answered in a way that says, "I have thought through this and here is what I see to do."
      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

      Implementation Rating

      AccountantsWorld

      Seek out others who have done it and learn from them.
      Read full review

      Workday

      No answers on this topic

      Alternatives Considered

      AccountantsWorld

      I find Accounting Power to have more flexibility, power, and reporting capability than QuickBooks Online with a simpler interface.
      Read full review

      Workday

      I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it!
      Read full review

      Return on Investment

      AccountantsWorld

      • Allowed for standardized processes
      • Improved efficiency in disbursement processing
      • Bank feed is easily broken
      • ACH payment options are not well established
      Read full review

      Workday

      • Quick and non-glitchy financial reporting.
      • As more people use it, inter-department talks are always there as HR and Project managers are talking about the same software.
      • The disturbance in service is no longer the problem as It integrates the three different sectors of financial reporting.
      Read full review

      Screenshots

      Add comparison