What users are saying about

Ariba Procurement

79 Ratings
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Score 7.8 out of 101

Workday Financial Management

20 Ratings
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Score 8.2 out of 101

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Likelihood to Recommend

Ariba Procurement

Ariba Procurement is an end to end product cloud-based product. With this tool, we can collaborate and share internally, collaborate and share with suppliers on a single platform, track events and get alerts – this feature is useful for risk management. On the other hand, there is no hesitation to recommend this product.
Prabhjyot Singh 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.
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Feature Rating Comparison

Payroll Management

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

Customization

Ariba Procurement
Workday Financial Management
8.0
API for custom integration
Ariba Procurement
Workday Financial Management
8.0
Plug-ins
Ariba Procurement
Workday Financial Management
8.0

Security

Ariba Procurement
Workday Financial Management
9.0
Single sign-on capability
Ariba Procurement
Workday Financial Management
9.0
Role-based user permissions
Ariba Procurement
Workday Financial Management
9.0

Reporting & Analytics

Ariba Procurement
Workday Financial Management
7.4
Dashboards
Ariba Procurement
Workday Financial Management
7.0
Standard reports
Ariba Procurement
Workday Financial Management
8.0
Custom reports
Ariba Procurement
Workday Financial Management
7.2

General Ledger and Configurable Accounting

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

Pros

  • It supports strategic solutions such as request for information (RFI), request for proposal (RFP), and request for quotation (RFQ) as well as e-auction services.
  • A cloud-based spend management software solution designed to help companies control spending and achieve goals.
  • It helps in selection and ordering, purchase order approval and delivery and billing.
Prabhjyot Singh 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

  • While using the tool, we also have the need for client support or supporting our end users. I personally believe the customer support experience should be better.
  • Should have more features like working on all different browsers like Firefox and IE more efficiently.
  • Reporting functionality should be increased and have easy access.
  • Access to the system after getting approval.
Prabhjyot Singh 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

Alternatives Considered

Ariba is a cloud-based sourcing and procurement system. It supports strategic solutions such as a request for information (RFI), request for proposal (RFP), and request for quotation (RFQ) as well as e-auction services. A cloud-based spend management software solution designed to help companies control spending and achieve goals. Precoro is a customization and simple spend and supplier relationship management software which provides purchase-to-pay and spend analytics for SMBs. It helps in selection and ordering, purchase order approval and delivery and billing.
Prabhjyot Singh 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

  • Ariba Procurement had a very positive impact on spend visibility and reporting capabilities.
  • Ariba Procurement helps the business stay in compliance because it can track its users' release monetary authority and roles.
  • Ariba Procurement had a positive impact on audit capability, as all supporting documents, contracts, approvals, comments, invoices, etc., can be found within the system.
Adriana Paez 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

Ariba Procurement

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