Acumatica vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Acumatica
Score 8.7 out of 10
N/A
Acumatica delivers a set of cloud-based business software applications with dashboards, reporting tools, integrated document management, centralized security, and customization tools.
$1,000
per year
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
AcumaticaWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
AcumaticaWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsPricing is always consumption-based with no five-year lock-ins or termination penalties. The Acumatica ERP pricing structure allows adding casual users, suppliers, and customers without paying for additional licenses. The cost is based on the features and resources utilized, not on the number of users who access the system. An Acumatica partner works with users to understand specific requirements, determine the proper resources and modules for the company, and presents a price for the license.
More Pricing Information
Features
AcumaticaWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Acumatica
8.6
57 Ratings
18% above category average
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation7.850 Ratings8.418 Ratings
Benefit plan administration7.135 Ratings8.716 Ratings
Direct deposit files8.246 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
Acumatica
8.5
163 Ratings
16% above category average
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration8.6151 Ratings8.314 Ratings
Plug-ins8.4147 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
Acumatica
8.6
202 Ratings
6% above category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability8.8163 Ratings8.720 Ratings
Role-based user permissions8.4199 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Acumatica
8.4
208 Ratings
19% above category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards8.5196 Ratings8.423 Ratings
Standard reports8.1205 Ratings8.820 Ratings
Custom reports8.4200 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Acumatica
8.9
431 Ratings
15% above category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable8.7420 Ratings9.015 Ratings
Accounts receivable8.6328 Ratings9.115 Ratings
Global Financial Support8.1115 Ratings8.516 Ratings
Primary and Secondary Ledgers8.6165 Ratings8.716 Ratings
Journals and Reconciliations8.7314 Ratings8.813 Ratings
Configurable Accounting8.6190 Ratings8.316 Ratings
Standardized Processes8.6205 Ratings8.916 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Acumatica
8.5
261 Ratings
8% above category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking8.4257 Ratings9.09 Ratings
Automatic reordering7.6109 Ratings8.69 Ratings
Location management8.6140 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Acumatica
8.8
269 Ratings
12% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing8.2235 Ratings00 Ratings
Order entry8.7241 Ratings00 Ratings
Credit card processing8.4164 Ratings9.110 Ratings
Cost of goods sold8.3225 Ratings00 Ratings
Order Orchestration8.0108 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Acumatica
8.9
300 Ratings
18% above category average
Workday Financial Management
-
Ratings
Billing Management8.7170 Ratings00 Ratings
Cash and Asset Management8.6277 Ratings00 Ratings
Travel & Expense Management7.9123 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting8.9127 Ratings00 Ratings
Period Close8.8181 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Acumatica
9.9
4 Ratings
26% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting9.64 Ratings00 Ratings
Project Costing9.93 Ratings00 Ratings
Cost Capture9.93 Ratings00 Ratings
Capital Project Management10.02 Ratings00 Ratings
Customer Contract Compliance10.02 Ratings00 Ratings
Project Revenue Recognition9.93 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Acumatica
8.2
89 Ratings
18% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling8.482 Ratings00 Ratings
Task Insight for Project Managers8.480 Ratings00 Ratings
Project Mobile Functionality8.168 Ratings00 Ratings
Definable Resource Pools8.643 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Acumatica
8.2
32 Ratings
8% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management8.632 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Acumatica
7.7
170 Ratings
10% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared8.448 Ratings00 Ratings
Contract Authoring8.731 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated8.1140 Ratings00 Ratings
Supplier Management8.173 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Acumatica
8.7
49 Ratings
29% above category average
Workday Financial Management
-
Ratings
Risk Repository8.637 Ratings00 Ratings
Control Management8.741 Ratings00 Ratings
Control Efficiency Assessments8.738 Ratings00 Ratings
Issue Detection8.740 Ratings00 Ratings
Remediation and Certification8.633 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Acumatica
8.7
69 Ratings
24% above category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization7.250 Ratings00 Ratings
Transportation Execution Management7.947 Ratings00 Ratings
Trade and Customs Management7.339 Ratings00 Ratings
Fulfillment Management8.255 Ratings00 Ratings
Warehouse Workforce Management7.751 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Acumatica
8.9
76 Ratings
17% above category average
Workday Financial Management
-
Ratings
Production Process Design7.963 Ratings00 Ratings
Production Management8.170 Ratings00 Ratings
Configuration Management8.365 Ratings00 Ratings
Work Execution8.556 Ratings00 Ratings
Manufacturing Costs8.266 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Acumatica
8.3
89 Ratings
14% above category average
Workday Financial Management
-
Ratings
Forecasting7.577 Ratings00 Ratings
Inventory Planning7.882 Ratings00 Ratings
Performance Monitoring7.873 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Acumatica
8.7
50 Ratings
18% above category average
Workday Financial Management
-
Ratings
Proposal Management8.741 Ratings00 Ratings
Product Master Data Management8.348 Ratings00 Ratings
Best Alternatives
AcumaticaWorkday Financial Management
Small Businesses
Zoho One
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Score 8.2 out of 10
Acumatica
Acumatica
Score 8.7 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.5 out of 10
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Score 7.5 out of 10
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User Ratings
AcumaticaWorkday Financial Management
Likelihood to Recommend
8.8
(478 ratings)
8.6
(23 ratings)
Likelihood to Renew
8.8
(26 ratings)
9.0
(1 ratings)
Usability
7.6
(19 ratings)
9.4
(5 ratings)
Availability
8.2
(1 ratings)
-
(0 ratings)
Performance
8.2
(1 ratings)
-
(0 ratings)
Support Rating
6.7
(14 ratings)
9.6
(5 ratings)
In-Person Training
8.6
(2 ratings)
-
(0 ratings)
Online Training
9.1
(1 ratings)
-
(0 ratings)
Implementation Rating
6.8
(8 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
8.2
(1 ratings)
-
(0 ratings)
Ease of integration
7.3
(1 ratings)
-
(0 ratings)
Product Scalability
9.1
(1 ratings)
-
(0 ratings)
Professional Services
9.1
(1 ratings)
-
(0 ratings)
Vendor post-sale
9.1
(1 ratings)
-
(0 ratings)
Vendor pre-sale
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
AcumaticaWorkday Financial Management
Likelihood to Recommend
Acumatica
I'm so new to it. I mean it has a lot of capabilities. So I'm used to working with Infor products, so I'm used to large ERP systems and I haven't seen anything that makes me question Acumatica. It seems like I can customize anything and have the system to do what I need. So I mean that's one advantage point why we selected Acumatica is because it can be tailored to our business and to what we need and the way we want to do it
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
Acumatica
  • Streamlines our processes and simplifies our systems. Previously, we had to manage two software systems to handle an order and get it out the door with proper shipping documentation. Now, we were able to deploy the shipping document creation inline with the sales order process and streamline our process. This allows us to save about $3K a year just on time savings alone (in creating shipping documentation). This was a nice win for us for this project.
  • Financial Reporting is simplified and flexible for our needs. We are estimating a time savings of around $14.5K per year in time spent creating reports through manual manipulation. The reporting capabilities are much more flexible and allow for greater visibility than our previous ERP.
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
Acumatica
  • Manufacturing suite. You have all the time. So for the Manufacturing edition, you're able to have negative issues that are unlimited and are not balanced into a job that needs to be improved. The mobile app itself for warehouse picking and management sets the default item to one. This is not how most warehouses that I've ever worked at operate. Bomb hierarchy and respectful of child elements. These are nitty gritty elements, but these are kind of down-and-dirty items that need to improve. But overall it's pretty good.
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
Likelihood to Renew
Acumatica
We aren’t going to switch at this point! It’s a great system and we are looking forward to realizing the full potential of the system once we can find a VAR who has a bench that can support us.
Read full review
Workday
No answers on this topic
Usability
Acumatica
Most "things" are intuitive which makes the software nice. A few other "things" make no sense and come from a programmers mind, not a users experience.
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
Performance
Acumatica
there have been some performance issues
Read full review
Workday
No answers on this topic
Support Rating
Acumatica
We used Acumatica Support directly for the first year or so. Overall it's pretty good, but sometimes the support staff wasn't educated on the customizations we had, nor was I as the Customer as I couldn't remember which things were customized and which things were out of the box, so when there was an error, there were some misunderstandings.
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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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Implementation Rating
Acumatica
I'd say the partner selection is critically important. I think the software is very easy to implement. It's very customizable to your business. Finding a partner that will work with you to understand your business and your needs is the critical piece to make sure that the system goes along with it.
Read full review
Workday
No answers on this topic
Alternatives Considered
Acumatica
Well, we decided to go with Acumatica and I believe it was a really good decision. The VAR was a big part of that as well because of their insights and knowledge, but I just felt Acumatica was the right fit for us in size and it had the capabilities we needed, but it also wasn't overkill.
Read full review
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
Acumatica
  • Definitely positive because we're able to give data to the end users much quicker. Were they able to make more accurate and timely financial decisions and kind of know where they're at, and how much money do I have left to spend for the month? Things like that. And our CFO is able to utilize the data more quickly.
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

Acumatica Screenshots

Screenshot of Acumatica Cloud ERP - Device SupportScreenshot of Acumatica Cloud ERP - Production Manager DashboardScreenshot of Acumatica Cloud ERP - Production Schedule BoardScreenshot of Acumatica Cloud ERP -Warehouse Manager DashboardScreenshot of Acumatica Cloud ERP - Purchasing Manager DashboardScreenshot of Acumatica Cloud ERP - Sales Manager Dashboard