Acumatica vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Acumatica
Score 8.8 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 a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…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
Community Pulse
AcumaticaWorkday Financial Management
Features
AcumaticaWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Acumatica
8.4
169 Ratings
13% above category average
Workday Financial Management
8.1
23 Ratings
10% above category average
Pay calculation7.5150 Ratings8.323 Ratings
Benefit plan administration7.3118 Ratings8.020 Ratings
Direct deposit files7.6145 Ratings8.120 Ratings
Customization
Comparison of Customization features of Product A and Product B
Acumatica
8.3
498 Ratings
11% above category average
Workday Financial Management
8.1
20 Ratings
9% above category average
API for custom integration8.3469 Ratings8.517 Ratings
Plug-ins8.4422 Ratings7.719 Ratings
Security
Comparison of Security features of Product A and Product B
Acumatica
8.2
611 Ratings
2% below category average
Workday Financial Management
9.0
25 Ratings
7% above category average
Single sign-on capability8.5505 Ratings9.125 Ratings
Role-based user permissions7.9601 Ratings8.823 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Acumatica
7.7
630 Ratings
5% above category average
Workday Financial Management
8.0
27 Ratings
9% above category average
Dashboards7.8598 Ratings8.027 Ratings
Standard reports7.4618 Ratings7.924 Ratings
Custom reports7.8606 Ratings8.022 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Acumatica
8.7
910 Ratings
13% above category average
Workday Financial Management
7.7
23 Ratings
0% above category average
Accounts payable8.5877 Ratings7.518 Ratings
Accounts receivable8.4764 Ratings7.018 Ratings
Global Financial Support7.8349 Ratings7.419 Ratings
Primary and Secondary Ledgers8.2498 Ratings7.319 Ratings
Journals and Reconciliations8.3722 Ratings7.616 Ratings
Configurable Accounting8.2571 Ratings7.519 Ratings
Standardized Processes8.3620 Ratings7.820 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Acumatica
8.2
607 Ratings
3% above category average
Workday Financial Management
7.2
11 Ratings
10% below category average
Inventory tracking8.0593 Ratings7.511 Ratings
Automatic reordering7.4309 Ratings7.211 Ratings
Location management7.9423 Ratings6.710 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Acumatica
8.5
617 Ratings
8% above category average
Workday Financial Management
7.1
11 Ratings
10% below category average
Pricing7.9524 Ratings00 Ratings
Order entry8.3555 Ratings00 Ratings
Credit card processing7.8375 Ratings7.111 Ratings
Cost of goods sold8.0515 Ratings00 Ratings
Order Orchestration7.7307 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Acumatica
8.7
721 Ratings
15% above category average
Workday Financial Management
-
Ratings
Billing Management8.1530 Ratings00 Ratings
Cash and Asset Management8.0648 Ratings00 Ratings
Travel & Expense Management7.3382 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting7.7396 Ratings00 Ratings
Period Close8.4573 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Acumatica
9.9
4 Ratings
27% 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
7.7
275 Ratings
9% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling7.5248 Ratings00 Ratings
Task Insight for Project Managers7.5245 Ratings00 Ratings
Project Mobile Functionality7.2218 Ratings00 Ratings
Definable Resource Pools7.1152 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Acumatica
7.9
114 Ratings
6% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management7.8114 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Acumatica
7.4
355 Ratings
6% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared7.5152 Ratings00 Ratings
Contract Authoring7.3122 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated7.9290 Ratings00 Ratings
Supplier Management7.9231 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Acumatica
7.7
176 Ratings
15% above category average
Workday Financial Management
-
Ratings
Risk Repository7.7130 Ratings00 Ratings
Control Management7.7156 Ratings00 Ratings
Control Efficiency Assessments7.9138 Ratings00 Ratings
Issue Detection7.6142 Ratings00 Ratings
Remediation and Certification7.6115 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Acumatica
8.6
217 Ratings
23% above category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization7.1158 Ratings00 Ratings
Transportation Execution Management7.4149 Ratings00 Ratings
Trade and Customs Management7.1123 Ratings00 Ratings
Fulfillment Management7.8175 Ratings00 Ratings
Warehouse Workforce Management7.2167 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Acumatica
8.7
237 Ratings
16% above category average
Workday Financial Management
-
Ratings
Production Process Design7.6196 Ratings00 Ratings
Production Management7.9221 Ratings00 Ratings
Configuration Management7.8192 Ratings00 Ratings
Work Execution7.8186 Ratings00 Ratings
Manufacturing Costs8.2208 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Acumatica
8.1
282 Ratings
12% above category average
Workday Financial Management
-
Ratings
Forecasting7.5232 Ratings00 Ratings
Inventory Planning7.6268 Ratings00 Ratings
Performance Monitoring7.5228 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Acumatica
8.3
166 Ratings
13% above category average
Workday Financial Management
-
Ratings
Proposal Management7.5142 Ratings00 Ratings
Product Master Data Management7.5158 Ratings00 Ratings
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AcumaticaWorkday Financial Management
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User Ratings
AcumaticaWorkday Financial Management
Likelihood to Recommend
8.9
(631 ratings)
8.3
(26 ratings)
Likelihood to Renew
9.2
(65 ratings)
9.0
(1 ratings)
Usability
8.2
(37 ratings)
9.0
(9 ratings)
Availability
8.7
(5 ratings)
-
(0 ratings)
Performance
8.2
(4 ratings)
-
(0 ratings)
Support Rating
7.1
(28 ratings)
10.0
(5 ratings)
In-Person Training
4.8
(5 ratings)
-
(0 ratings)
Online Training
7.7
(4 ratings)
-
(0 ratings)
Implementation Rating
6.0
(19 ratings)
-
(0 ratings)
Configurability
6.4
(3 ratings)
-
(0 ratings)
Contract Terms and Pricing Model
6.2
(4 ratings)
-
(0 ratings)
Ease of integration
5.6
(2 ratings)
-
(0 ratings)
Product Scalability
7.3
(5 ratings)
-
(0 ratings)
Professional Services
9.1
(3 ratings)
-
(0 ratings)
Vendor post-sale
4.0
(5 ratings)
-
(0 ratings)
Vendor pre-sale
5.0
(4 ratings)
-
(0 ratings)
User Testimonials
AcumaticaWorkday Financial Management
Likelihood to Recommend
Acumatica
Coming from Sage, when you have to post financial data, it locks the system. Acumatica, there is no delay, there is no downtime. Dashboards. My CEO recently asked me, "I really want to see what our top customers are and what markets that they're spending the most money in." Acumatica had that widget already prepared for me.
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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.
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Pros
Acumatica
  • Real-time access to financials across firm's locations in India for better in-house sales, cost and financial health analysis
  • The tool is great with respect to the creation of dashboards and KPI reporting to get visual picture of profitability and cash flow metrics across projects
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
  • Mass updating existing BOMs or Production Order Details. For larger orders, especially if many things need to be changed it can take a painstakingly long time to update each production order one-by-one.
  • The product configurator is too flat, we definitely need nested configurations that can capture variable subassemblies.
  • Accounting has room for improvement, I don't really like the idea of SO Invoices living in a separate spot until they are Released. I have had complaints from our accounting personnel since they have to leave the "Accounting World".
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 are highly likely to renew because Acumatica has become the foundation of our ERP strategy replacing another ERP system with a more flexible, scalable platform while improving governance, planning, and operational visibility. Ongoing stabilization, roadmap investment in IBP and automation, and strong alignment across Finance and Operations give us long‑term confidence in the platform.
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Workday
No answers on this topic
Usability
Acumatica
The processes are very intuitive and easy to use. Whether you are entering AP bills, timecards for payroll, or AR invoices, the processes are similar and easy to use. The drill-down capability is also a huge plus as you can easily toggle between different modules without having to leave the screen you are in and navigating through a menu to get the information you need. We found that the standard reports out of the box are lacking. Our implementation did not go so well and when we were finally ready to run financial reports, it was both disappointing and frustrating to discover that the P&L was highly summarized and to get a detailed report required having to do a lot of formatting myself. I was able to figure it out on my own, but when our financials were already delayed getting published, I did not really have the time to spend trying to figure out how to build my own P&L.
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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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Reliability and Availability
Acumatica
It's always available.
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Workday
No answers on this topic
Performance
Acumatica
there have been some performance issues
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Workday
No answers on this topic
Support Rating
Acumatica
I would rate the overall support for Acumatica an 8 out of 10. The support team is generally responsive, knowledgeable, and helpful when resolving issues or answering questions. Documentation and community resources are also useful. However, response times can occasionally vary depending on the complexity of the issue or support queue, which slightly affects the overall experience.
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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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In-Person Training
Acumatica
Very helpful for end users
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Workday
No answers on this topic
Online Training
Acumatica
Online training has gone away. Need to bring back the webinars. Live webinars are so benficial to training new employees.
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Workday
No answers on this topic
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.
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Workday
No answers on this topic
Alternatives Considered
Acumatica
Having used Pastel for a long time in the business, it lacked certain features, or the system was not probably setup for our business needs and requirements at the time. It was also not 100% cloud based and needed to be used through remote desktop which had its limitations. Zero just had 10% of what our business needed.
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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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Contract Terms and Pricing Model
Acumatica
No, annual invoices are fine. I do like that unlimited users are included.
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Workday
No answers on this topic
Scalability
Acumatica
From my understanding, the P.O. module is not very robust, at least the last time I inquired about it. At the time, it had a one-to-one match, with one invoice for one P.O. and that isn't practical for many businesses. I don't believe it would be an easy system to use for sending out invoices, if we had thousands of retail utility customers. We do a small number of invoices because we sell wholesale power, not retail, so we only Invoice the municipality. Not each utility customer.
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Workday
No answers on this topic
Professional Services
Acumatica
They are very responsive and knowledgeable about the product. If the rep doesn't have the ability to solve the issue, they quickly get someone else involved to assist us.
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Workday
No answers on this topic
Return on Investment
Acumatica
  • I feel like I am not using it to it's potential and it's frustrating to know that it can do more than I am able to use and more help with that would be great
  • The implementation was a lot of customize building and I felt like some of it could have been built by my partner rather than having them sit and watch me enter a bunch of stuff, especially when a lot of it was over my head in understanding
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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.
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ScreenShots

Acumatica Screenshots

Screenshot of Acumatica Cloud ERP - Field Service DashboardScreenshot of Acumatica Cloud ERP - Manufacturing - Production Manager DashboardScreenshot of Acumatica Cloud ERP - Distribution - Warehouse Operations DashboardsScreenshot of Acumatica Cloud ERP - Construction - Job Cost Accounting DashboardScreenshot of Acumatica Cloud ERP - Retail Edition DashboardsScreenshot of Acumatica Cloud ERP - Professional Services - Financial Management Dashboard

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis