AccountMate vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
AccountMate
Score 8.1 out of 10
N/A
AccountMate offers accounting software for small, midsize, or growing businesses. AccountMate SQL Software is specifically for businesses with high transaction volumes and heavy user loads. It can accommodate hundreds of simultaneous users, providing businesses with a comprehensive, real-time business and financial management solution. AccountMate Express Software is designed for businesses with up to five concurrent users that desire the stability and speed of a SQL database…N/A
Workday Financial Management
Score 8.0 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
AccountMateWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AccountMateWorkday 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
AccountMateWorkday Financial Management
Top Pros
Top Cons
Features
AccountMateWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
AccountMate
8.8
1 Ratings
15% above category average
Workday Financial Management
8.1
4 Ratings
10% above category average
Pay calculation10.01 Ratings8.04 Ratings
Direct deposit files9.01 Ratings8.54 Ratings
Salary revision and increment management8.01 Ratings00 Ratings
Reimbursement management8.01 Ratings00 Ratings
Benefit plan administration00 Ratings8.04 Ratings
Security
Comparison of Security features of Product A and Product B
AccountMate
9.0
1 Ratings
11% above category average
Workday Financial Management
9.2
6 Ratings
11% above category average
Single sign-on capability9.01 Ratings9.56 Ratings
Role-based user permissions00 Ratings9.05 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
AccountMate
7.0
1 Ratings
6% below category average
Workday Financial Management
8.9
7 Ratings
20% above category average
Dashboards6.01 Ratings9.07 Ratings
Standard reports9.01 Ratings8.87 Ratings
Custom reports6.01 Ratings9.07 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
AccountMate
7.6
1 Ratings
2% above category average
Workday Financial Management
7.9
7 Ratings
4% above category average
Accounts payable8.01 Ratings7.04 Ratings
Accounts receivable9.01 Ratings7.04 Ratings
Cash management7.01 Ratings00 Ratings
Bank reconciliation8.01 Ratings00 Ratings
Expense management9.01 Ratings00 Ratings
Time tracking7.01 Ratings00 Ratings
Multi-currency support7.01 Ratings00 Ratings
Multi-division support9.01 Ratings00 Ratings
Regulations compliance7.01 Ratings00 Ratings
Electronic tax filing8.01 Ratings00 Ratings
Global Financial Support8.01 Ratings8.35 Ratings
Intercompany Accounting5.01 Ratings00 Ratings
Journals and Reconciliations8.01 Ratings6.54 Ratings
Enterprise Accounting7.01 Ratings00 Ratings
Configurable Accounting7.01 Ratings9.06 Ratings
Standardized Processes7.01 Ratings8.56 Ratings
Primary and Secondary Ledgers00 Ratings8.35 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
AccountMate
8.0
1 Ratings
12% above category average
Workday Financial Management
9.0
1 Ratings
13% above category average
Inventory tracking9.01 Ratings9.01 Ratings
Automatic reordering8.01 Ratings9.01 Ratings
Manufacturing module7.01 Ratings00 Ratings
Location management00 Ratings9.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
AccountMate
8.6
1 Ratings
13% above category average
Workday Financial Management
8.5
3 Ratings
9% above category average
Pricing8.01 Ratings00 Ratings
Order entry9.01 Ratings00 Ratings
Credit card processing9.01 Ratings8.53 Ratings
Cost of goods sold9.01 Ratings00 Ratings
End-to-end order visibility8.01 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
AccountMate
9.0
1 Ratings
23% above category average
Workday Financial Management
8.8
5 Ratings
18% above category average
Plug-ins9.01 Ratings9.04 Ratings
API for custom integration00 Ratings8.74 Ratings
Best Alternatives
AccountMateWorkday Financial Management
Small Businesses
Sage Intacct
Sage Intacct
Score 8.8 out of 10
Sage Intacct
Sage Intacct
Score 8.8 out of 10
Medium-sized Companies
ProContractor
ProContractor
Score 9.1 out of 10
Infor VISUAL
Infor VISUAL
Score 9.5 out of 10
Enterprises
BlackLine
BlackLine
Score 8.9 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
AccountMateWorkday Financial Management
Likelihood to Recommend
10.0
(1 ratings)
8.3
(7 ratings)
Usability
-
(0 ratings)
7.8
(4 ratings)
Support Rating
-
(0 ratings)
8.5
(4 ratings)
User Testimonials
AccountMateWorkday Financial Management
Likelihood to Recommend
AccountMate
AccountMate is a great product for wholesale and distributors. It manages the inventory cycles comprehensively, from purchasing to stocking, to sales and delivery. There are a great many tools available to manage inventory, properties, and financials. The availability to have third-party add-ons offers even greater opportunities to meet the needs of the end-user. The system is not really suited for certain types of service industries: legal, medical, and those businesses that invoice on time.
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
AccountMate
  • Ease of use
  • Ability to easily adapt the solution to fit the needs of the end user
  • Integration of data across different platforms
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
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Cons
AccountMate
  • Custom reports: The current system uses Crystal Reports, which is a bit cumbersome.
  • True cloud-based solution is missing
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
Usability
AccountMate
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
AccountMate
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
AccountMate
We use AccountMate for a number of reasons, particularly its ease of use and the ability to customize any part of the system (with source code residing on the end-user system--a HUGE advantage).
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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!
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Return on Investment
AccountMate
  • Allows us to quickly gain insight into the current and past performance of the company
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