What users are saying about

Acumatica 5.0

10 Ratings
Score 8.5 out of 101

Workday Financial Management

18 Ratings
Score 8 out of 101

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Likelihood to Recommend

Acumatica 5.0

As I have only used it in one business I can't say too much how relevant it would be for other types of business, eg Retail or Manufacturing. It doesn't appear to be specifically set up for ecommerce.

We wholesale products and it works well for that kind of business model.
Justin Leflaive profile photo

Workday Financial Management

I thought this was a great tool for putting together and tracking our department's actuals. Kind of like a Google Doc, people could edit it in real-time and comment. Which is great as I work on projects with coworkers where the events and projects are using different budgets. It helps to sort through what items should hit each budget.
No photo available

Feature Rating Comparison

Customization

Acumatica 5.0
7.0
Workday Financial Management
API for custom integration
Acumatica 5.0
7.0
Workday Financial Management

Security

Acumatica 5.0
7.0
Workday Financial Management
Role-based user permissions
Acumatica 5.0
7.0
Workday Financial Management

Reporting & Analytics

Acumatica 5.0
6.7
Workday Financial Management
7.7
Dashboards
Acumatica 5.0
4.0
Workday Financial Management
7.0
Standard reports
Acumatica 5.0
7.0
Workday Financial Management
8.0
Custom reports
Acumatica 5.0
9.0
Workday Financial Management
8.0

General Ledger and Configurable Accounting

Acumatica 5.0
8.3
Workday Financial Management
8.0
Accounts payable
Acumatica 5.0
10.0
Workday Financial Management
Accounts receivable
Acumatica 5.0
8.0
Workday Financial Management
Global Financial Support
Acumatica 5.0
5.0
Workday Financial Management
Intercompany Accounting
Acumatica 5.0
9.0
Workday Financial Management
Journals and Reconciliations
Acumatica 5.0
10.0
Workday Financial Management
Standardized Processes
Acumatica 5.0
8.0
Workday Financial Management
Expense management
Acumatica 5.0
Workday Financial Management
8.0

Inventory Management

Acumatica 5.0
8.5
Workday Financial Management
Inventory tracking
Acumatica 5.0
9.0
Workday Financial Management
Location management
Acumatica 5.0
8.0
Workday Financial Management

Order Management

Acumatica 5.0
9.3
Workday Financial Management
Pricing
Acumatica 5.0
10.0
Workday Financial Management
Order entry
Acumatica 5.0
9.0
Workday Financial Management
Cost of goods sold
Acumatica 5.0
8.0
Workday Financial Management
End-to-end order visibility
Acumatica 5.0
10.0
Workday Financial Management

Subledger and Financial Process

Acumatica 5.0
6.8
Workday Financial Management
Automated Invoice Processing
Acumatica 5.0
7.0
Workday Financial Management
Customer Collections
Acumatica 5.0
7.0
Workday Financial Management
Cash Management
Acumatica 5.0
7.0
Workday Financial Management
Period Close
Acumatica 5.0
6.0
Workday Financial Management

Pros

  • Generic Inquiries are a very easy way to create custom reports.
  • The automation schedules are useful, we use these for confirming of shipments, creating invoices and emailing them. Reduces workload.
  • Open for integration with other software. We find the ease of connection to MS PowerBI very useful.
Justin Leflaive profile photo
  • I really liked being able to put together reports for my supervisor by using the financial planning tools. I was able to show our actuals which then allowed my boss to talk more easily with our accounting department to plan future budgets.
No photo available

Cons

  • The CRM module is very basic.
  • There is no supplier remittance function.
  • The API is basic, our ecommerce integration has had to be built nearly from scratch.
Justin Leflaive profile photo
  • We only used this system for a short time before switching over to new software, but nothing from my experience. There are a lot of great tools with Workday Financial Management, I'm sure our other departments could have made great use out of features like inventory, expenses, or procurement.
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

NetSuite is much more expensive and is difficult to customise or integrate.
SAP is a more complex and powerful system, but several times more expensive to implement and run.
Justin Leflaive profile photo
I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it!
No photo available

Return on Investment

  • Time to match customer payments has decreased by approximately 30%.
  • Time to enter sales orders has decreased by approx 10%.
  • It has enabled up to easily access our system remotely, meaning we are able to be more flexible in our work.
Justin Leflaive profile photo
  • From my experience with it, it had a positive impact on our business by helping make smoother financial reports.
  • Easy to collaborate with others on building actual reports.
  • Made life easier for supervisors by allowing them to quickly and easily look over actual information, to move forward wth planning future budgets.
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