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Score 8.5 out of 101
22 Ratings
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Score 8.4 out of 101

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Likelihood to Recommend

Acumatica 5.0

Fairly easy and intuitive user interface with common features throughout the platform makes it easy to train users new to the system. However, it requires a lot of dev customization with limited features that a power user/administrator can manipulate. Doesn't provide a very customized experience to the individual user. Seems that the best scenario is for companies that will use implementation and customization services to maximize the features of Acumatica.
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Workday Financial Management

It was suited for our brand new operation; we 'opened the box' and implemented it from scratch and did not have to sunset older systems and replace with Workday Financial Management. This was well-suited for this. The cloud functionality was a core requirement for the organization, we did not need a Cadillac with all of the trimmings, we moved relatively quickly and installed.
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Feature Rating Comparison

Payroll Management

Acumatica 5.0
7.5
Workday Financial Management
7.0
Pay calculation
Acumatica 5.0
7.0
Workday Financial Management
7.0
Benefit plan administration
Acumatica 5.0
7.0
Workday Financial Management
7.0
Direct deposit files
Acumatica 5.0
8.0
Workday Financial Management
7.0
Salary revision and increment management
Acumatica 5.0
8.0
Workday Financial Management
7.0
Reimbursement management
Acumatica 5.0
7.5
Workday Financial Management
7.0

Customization

Acumatica 5.0
5.7
Workday Financial Management
8.0
API for custom integration
Acumatica 5.0
5.8
Workday Financial Management
8.0
Plug-ins
Acumatica 5.0
5.5
Workday Financial Management
8.0

Security

Acumatica 5.0
8.6
Workday Financial Management
9.0
Single sign-on capability
Acumatica 5.0
9.0
Workday Financial Management
9.0
Role-based user permissions
Acumatica 5.0
8.2
Workday Financial Management
9.0

Reporting & Analytics

Acumatica 5.0
7.7
Workday Financial Management
7.4
Dashboards
Acumatica 5.0
7.2
Workday Financial Management
7.0
Standard reports
Acumatica 5.0
7.8
Workday Financial Management
8.0
Custom reports
Acumatica 5.0
8.2
Workday Financial Management
7.1

General Ledger and Configurable Accounting

Acumatica 5.0
7.9
Workday Financial Management
7.9
Accounts payable
Acumatica 5.0
8.4
Workday Financial Management
8.0
Accounts receivable
Acumatica 5.0
7.6
Workday Financial Management
8.0
Global Financial Support
Acumatica 5.0
7.3
Workday Financial Management
7.0
Primary and Secondary Ledgers
Acumatica 5.0
8.0
Workday Financial Management
8.0
Intercompany Accounting
Acumatica 5.0
8.2
Workday Financial Management
8.0
Localizations
Acumatica 5.0
8.0
Workday Financial Management
8.0
Journals and Reconciliations
Acumatica 5.0
8.0
Workday Financial Management
8.0
Enterprise Accounting
Acumatica 5.0
8.0
Workday Financial Management
Configurable Accounting
Acumatica 5.0
8.0
Workday Financial Management
8.0
Centralized Rules Framework
Acumatica 5.0
8.0
Workday Financial Management
8.0
Standardized Processes
Acumatica 5.0
7.6
Workday Financial Management
8.0
Expense management
Acumatica 5.0
Workday Financial Management
8.0

Inventory Management

Acumatica 5.0
8.4
Workday Financial Management
Inventory tracking
Acumatica 5.0
9.0
Workday Financial Management
Automatic reordering
Acumatica 5.0
8.0
Workday Financial Management
Location management
Acumatica 5.0
8.6
Workday Financial Management
Manufacturing module
Acumatica 5.0
8.0
Workday Financial Management

Order Management

Acumatica 5.0
8.0
Workday Financial Management
Pricing
Acumatica 5.0
8.0
Workday Financial Management
Order entry
Acumatica 5.0
8.2
Workday Financial Management
Credit card processing
Acumatica 5.0
8.0
Workday Financial Management
Cost of goods sold
Acumatica 5.0
8.0
Workday Financial Management
Order Orchestration
Acumatica 5.0
7.5
Workday Financial Management
End-to-end order visibility
Acumatica 5.0
8.0
Workday Financial Management
Order exception Resolution
Acumatica 5.0
8.0
Workday Financial Management

Subledger and Financial Process

Acumatica 5.0
7.7
Workday Financial Management
Automated Invoice Processing
Acumatica 5.0
7.0
Workday Financial Management
Shared Services Payments
Acumatica 5.0
9.0
Workday Financial Management
Billings Management
Acumatica 5.0
7.0
Workday Financial Management
Customer Receipt Applications
Acumatica 5.0
8.0
Workday Financial Management
Customer Collections
Acumatica 5.0
7.6
Workday Financial Management
Revenue Recognition
Acumatica 5.0
8.0
Workday Financial Management
Cash Management
Acumatica 5.0
7.8
Workday Financial Management
Asset Management
Acumatica 5.0
9.0
Workday Financial Management
Travel & Expense Management
Acumatica 5.0
7.5
Workday Financial Management
Budgetary Control & Encumbrance Accounting
Acumatica 5.0
7.5
Workday Financial Management
Period Close
Acumatica 5.0
7.6
Workday Financial Management
Transactions Tax
Acumatica 5.0
7.5
Workday Financial Management
Subledger Reconciliations
Acumatica 5.0
8.0
Workday Financial Management
3rd Party Accounting Systems
Acumatica 5.0
7.0
Workday Financial Management

Project Financial Management

Acumatica 5.0
7.9
Workday Financial Management
Budgeting and Forecasting
Acumatica 5.0
7.5
Workday Financial Management
Project Costing
Acumatica 5.0
7.5
Workday Financial Management
Cost Capture
Acumatica 5.0
7.5
Workday Financial Management
Capital Project Management
Acumatica 5.0
8.0
Workday Financial Management
Customer Invoicing
Acumatica 5.0
8.0
Workday Financial Management
Customer Contract Compliance
Acumatica 5.0
7.0
Workday Financial Management
Project Revenue Recognition
Acumatica 5.0
7.5
Workday Financial Management
Project Financial Performance Analysis
Acumatica 5.0
8.0
Workday Financial Management
Project Financials Dashboard
Acumatica 5.0
9.0
Workday Financial Management
Real-time Financial Reporting
Acumatica 5.0
9.0
Workday Financial Management
Embedded Business Intelligence
Acumatica 5.0
8.0
Workday Financial Management
Project Planning Collaboration
Acumatica 5.0
8.0
Workday Financial Management

Project Execution Management

Acumatica 5.0
8.0
Workday Financial Management
Project Planning and Scheduling
Acumatica 5.0
8.0
Workday Financial Management
Project Manager Dashboard
Acumatica 5.0
8.0
Workday Financial Management
Resource Manager Dashboard
Acumatica 5.0
8.0
Workday Financial Management
Task Insight for Project Managers
Acumatica 5.0
8.0
Workday Financial Management
Team Member Task Collaboration
Acumatica 5.0
7.0
Workday Financial Management
Talent Profiles
Acumatica 5.0
9.0
Workday Financial Management
Real-Time Project Reporting
Acumatica 5.0
8.0
Workday Financial Management

Grants Management

Acumatica 5.0
7.8
Workday Financial Management
Award Lifecycle Management
Acumatica 5.0
7.0
Workday Financial Management
Spending Control
Acumatica 5.0
8.0
Workday Financial Management
Indirect Cost Management
Acumatica 5.0
8.0
Workday Financial Management
Billing
Acumatica 5.0
8.0
Workday Financial Management

Procurement

Acumatica 5.0
7.9
Workday Financial Management
Sourcing Team Collaboration
Acumatica 5.0
8.0
Workday Financial Management
Sourcing Analysis
Acumatica 5.0
8.0
Workday Financial Management
Bids Analyzed and Compared
Acumatica 5.0
8.0
Workday Financial Management
Catalog Shopping E-Commerce for Employees
Acumatica 5.0
7.0
Workday Financial Management
Invoice Automated Matching
Acumatica 5.0
7.0
Workday Financial Management
Requisitions-to-Purchase Orders Integrated
Acumatica 5.0
9.0
Workday Financial Management
Supplier Assessment
Acumatica 5.0
8.0
Workday Financial Management
Supplier Management
Acumatica 5.0
9.0
Workday Financial Management
Supplier Portal
Acumatica 5.0
7.0
Workday Financial Management

Logistics

Acumatica 5.0
7.8
Workday Financial Management
Transportation Planning and Optimization
Acumatica 5.0
7.0
Workday Financial Management
Transportation Sourcing Management
Acumatica 5.0
7.0
Workday Financial Management
Trade Management
Acumatica 5.0
8.0
Workday Financial Management
Customs Entry Management
Acumatica 5.0
8.0
Workday Financial Management
Customs Document Management
Acumatica 5.0
8.0
Workday Financial Management
Customs Document Collaboration
Acumatica 5.0
8.0
Workday Financial Management
Fulfillment Management
Acumatica 5.0
8.0
Workday Financial Management
Inventory Visibility
Acumatica 5.0
8.0
Workday Financial Management

Manufacturing

Acumatica 5.0
7.2
Workday Financial Management
Production Process Design
Acumatica 5.0
7.0
Workday Financial Management
Supply Chain Business Flows
Acumatica 5.0
7.0
Workday Financial Management
Production Management
Acumatica 5.0
8.0
Workday Financial Management
Configuration Management
Acumatica 5.0
7.0
Workday Financial Management
Manufacturing Costs
Acumatica 5.0
7.0
Workday Financial Management

Supply Chain

Acumatica 5.0
8.0
Workday Financial Management
Forecasting
Acumatica 5.0
8.0
Workday Financial Management
Inventory Planning
Acumatica 5.0
8.0
Workday Financial Management
Multi-tier Supply Chain Planning
Acumatica 5.0
8.0
Workday Financial Management

Product Lifecycle Management

Acumatica 5.0
8.0
Workday Financial Management
Proposal Management
Acumatica 5.0
8.0
Workday Financial Management
Product Master Data Management
Acumatica 5.0
9.0
Workday Financial Management
Vendor Portal
Acumatica 5.0
7.0
Workday Financial Management
Project Portfolio Management
Acumatica 5.0
8.0
Workday Financial Management

Pros

  • Expense reporting: Available both on the desktop and app versions, it has allowed our team members to reduce almost all paper in the expense reporting process, streamline approvals, and reduced time from submission to final payment.
  • CRM: Managing customer information in a single place, accessible to all. Connecting customer accounts to opportunities allow us to quickly see the overall value of an account from past, current and future opportunities.
  • Financial: Drill downs in reporting allows quick and easy access to address questions on individual transactions affecting financial performance. Drill downs are also protected by permissions and roles to ensure people only have access to information relevant to them.
No photo available
  • We specically wanted a cloud financial management system that we could use in China and communicate reports to the headquarters organization and roll-up reporting. It performs well.
  • It was reasonably priced since we are not a for-profit company and need the Workday flexibility for finance and accounting operations. Most of our requirements are met with this one system.
  • The system worked efficiently with the additional security we built on to keep confidential. Many reports are ready off-the-shelf or easy to develop, which is a strength.
No photo available

Cons

  • Email integration: Horribly clunky, requires users to share email password with Acumatica to allow use of outbound emails. Should be using a more secure method like access tokens.
  • Expense approval process: Once expense claims are approved, approvers (depending on role) can no longer see the approved/denied claims. Denial of claims requires a manual email/call to submitter instructing them to correct and resubmit the claim.
  • CRM: Allow for tracking of cases by the opportunity in addition to business accounts. This would allow for more accurate tracking of issues related to specific opportunities.
No photo available
  • 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.
No photo available

Likelihood to Renew

Acumatica 5.09.0
Based on 1 answer
It is very customisable and good value for money. It is also scalable for the future. The CRM and ecommerce integtration are the main downsides.
Justin Leflaive profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

I liked the flexibility of Salesforce and the ability to customize look and feel with minimal development involvement. Email integration was smooth and seamless. However, Acumatica's ability to customize certain business processes to meet our particular day to day operational needs and account based fee as opposed to user based fees made it a better option for our organization.
No photo available
Stacking up it was a faster and more inexpensive implementation. Granted it was still early in the system development years, but the results and the five years of using it speak for themselves. Cloud we wanted, comprehensive financials was a core functional requirement and this was met - it would have taken much longer to implement Workday's competitor systems and we did not have that flexibility. Adding new functionality was relatively painless.
No photo available

Return on Investment

  • Better communication and collaboration on customer accounts through the CRM.
  • Improved month-end close time and more up to date financial information.
  • Slow to implement has been frustrating for the team and has been more expensive than anticipated.
No photo available
  • As a new starup affiliate five years ago, we did not have a huge budget. The ROI was met relatively quickly, no surprises here.
  • With minimal consulting assistance, this made the implementation cost reasonable, if any software implementation could be considered reasonable.
  • It was a risk to implement Workday Financial Management in one country but we did leverage it with HCM in the states.
No photo available

Pricing Details

Acumatica 5.0

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details

Workday Financial Management

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Additional Pricing Details