What users are saying about
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Score 8.7 out of 101
21 Ratings
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Score 8.3 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

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.
No photo available

Feature Rating Comparison

Customization

Acumatica 5.0
7.0
Workday Financial Management
8.0
API for custom integration
Acumatica 5.0
7.0
Workday Financial Management
8.0
Plug-ins
Acumatica 5.0
Workday Financial Management
8.0

Security

Acumatica 5.0
7.0
Workday Financial Management
9.0
Role-based user permissions
Acumatica 5.0
7.0
Workday Financial Management
9.0
Single sign-on capability
Acumatica 5.0
Workday Financial Management
9.0

Reporting & Analytics

Acumatica 5.0
6.7
Workday Financial Management
7.4
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
7.2

General Ledger and Configurable Accounting

Acumatica 5.0
8.3
Workday Financial Management
7.9
Accounts payable
Acumatica 5.0
10.0
Workday Financial Management
8.0
Accounts receivable
Acumatica 5.0
8.0
Workday Financial Management
8.0
Global Financial Support
Acumatica 5.0
5.0
Workday Financial Management
7.0
Intercompany Accounting
Acumatica 5.0
9.0
Workday Financial Management
8.0
Journals and Reconciliations
Acumatica 5.0
10.0
Workday Financial Management
8.0
Standardized Processes
Acumatica 5.0
8.0
Workday Financial Management
8.0
Expense management
Acumatica 5.0
Workday Financial Management
8.0
Primary and Secondary Ledgers
Acumatica 5.0
Workday Financial Management
8.0
Localizations
Acumatica 5.0
Workday Financial Management
8.0
Configurable Accounting
Acumatica 5.0
Workday Financial Management
8.0
Centralized Rules Framework
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

Payroll Management

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

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
  • 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

  • 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 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

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
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

  • 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
  • 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