Actionspace vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Actionspace
Score 5.0 out of 10
N/A
Actionspace is a project management solution built around features such as advanced corporate task management, collaboration, and integrations with Microsoft SharePoint and Office 365.N/A
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
ActionspaceWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
ActionspaceWorkday 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
ActionspaceWorkday Financial Management
Project Management
Comparison of Project Management features of Product A and Product B
Actionspace
6.9
1 Ratings
8% below category average
Workday Financial Management
-
Ratings
Task Management8.01 Ratings00 Ratings
Resource Management4.01 Ratings00 Ratings
Gantt Charts7.01 Ratings00 Ratings
Scheduling5.01 Ratings00 Ratings
Workflow Automation6.01 Ratings00 Ratings
Team Collaboration6.01 Ratings00 Ratings
Support for Agile Methodology6.01 Ratings00 Ratings
Support for Waterfall Methodology7.01 Ratings00 Ratings
Document Management7.01 Ratings00 Ratings
Email integration7.01 Ratings00 Ratings
Mobile Access8.01 Ratings00 Ratings
Timesheet Tracking9.01 Ratings00 Ratings
Change request and Case Management8.01 Ratings00 Ratings
Budget and Expense Management8.01 Ratings00 Ratings
Professional Services Automation
Comparison of Professional Services Automation features of Product A and Product B
Actionspace
8.0
1 Ratings
8% above category average
Workday Financial Management
-
Ratings
Quotes/estimates8.01 Ratings00 Ratings
Invoicing8.01 Ratings00 Ratings
Project & financial reporting8.01 Ratings00 Ratings
Integration with accounting software8.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Actionspace
-
Ratings
Workday Financial Management
8.3
19 Ratings
16% above category average
Pay calculation00 Ratings8.519 Ratings
Benefit plan administration00 Ratings8.716 Ratings
Direct deposit files00 Ratings8.416 Ratings
Customization
Comparison of Customization features of Product A and Product B
Actionspace
-
Ratings
Workday Financial Management
8.3
17 Ratings
14% above category average
API for custom integration00 Ratings8.414 Ratings
Plug-ins00 Ratings8.316 Ratings
Security
Comparison of Security features of Product A and Product B
Actionspace
-
Ratings
Workday Financial Management
8.9
21 Ratings
11% above category average
Single sign-on capability00 Ratings8.921 Ratings
Role-based user permissions00 Ratings8.919 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Actionspace
-
Ratings
Workday Financial Management
8.6
24 Ratings
21% above category average
Dashboards00 Ratings8.424 Ratings
Standard reports00 Ratings8.920 Ratings
Custom reports00 Ratings8.518 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Actionspace
-
Ratings
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable00 Ratings8.914 Ratings
Accounts receivable00 Ratings9.014 Ratings
Global Financial Support00 Ratings8.315 Ratings
Primary and Secondary Ledgers00 Ratings8.715 Ratings
Journals and Reconciliations00 Ratings8.912 Ratings
Configurable Accounting00 Ratings8.215 Ratings
Standardized Processes00 Ratings9.016 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Actionspace
-
Ratings
Workday Financial Management
8.7
8 Ratings
12% above category average
Inventory tracking00 Ratings9.08 Ratings
Automatic reordering00 Ratings8.68 Ratings
Location management00 Ratings8.57 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Actionspace
-
Ratings
Workday Financial Management
9.2
9 Ratings
18% above category average
Credit card processing00 Ratings9.29 Ratings
Best Alternatives
ActionspaceWorkday Financial Management
Small Businesses
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Medium-sized Companies
SAP Ruum
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Score 9.0 out of 10
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All AlternativesView all alternativesView all alternatives
User Ratings
ActionspaceWorkday Financial Management
Likelihood to Recommend
10.0
(1 ratings)
8.8
(24 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.7
(5 ratings)
Support Rating
-
(0 ratings)
9.8
(5 ratings)
User Testimonials
ActionspaceWorkday Financial Management
Likelihood to Recommend
Actionspace
When you have many projects with different people on them Actionspace is well suited to handle that
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
Actionspace
  • User customization for each individual and their responsibilities
  • Great support staff and update capabilities
  • You can see the early stages of the project and see it through in a clean and organized way
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
Actionspace
  • Sometimes anyone who has touched a project still receive notification even if they don't need it
  • Having to manually enter information from other areas
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
Actionspace
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
Actionspace
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.
Read full review
Alternatives Considered
Actionspace
No answers on this topic
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
Actionspace
No answers on this topic
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
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