What users are saying about
3 Ratings
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Score 8 out of 100
31 Ratings
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Score 7.5 out of 100

Likelihood to Recommend

Axiom EPM

Axiom is ideal for organizations with multiple departments that need to collect, share, and integrate data from common internal data sources. The product is best for very large organizations with a lot of financial backing. I wouldn't suggest using Axiom if you're a small organization or only one department, for example.
Anonymous | TrustRadius Reviewer

Workday Financial Management

Workday is a very innovative platform that offers plenty of options and resources to its users in their daily lives. I have used Workday in three of the organizations I have worked in the past for. I am also a current user of Workday through my employer. Workday is best suitable for any retail or customer-facing environments. More and more companies are using Workday to even have strong candidates apply for a job. This helps them navigate their way through a platform that they will be using in the near future.
Zahra Najib | TrustRadius Reviewer

Feature Rating Comparison

Budgeting, Planning, and Forecasting

Axiom EPM
8.5
Workday Financial Management
Long-term financial planning
Axiom EPM
9.0
Workday Financial Management
Financial budgeting
Axiom EPM
9.0
Workday Financial Management
Forecasting
Axiom EPM
8.0
Workday Financial Management
Scenario modeling
Axiom EPM
8.0
Workday Financial Management

Consolidation and Close

Axiom EPM
9.7
Workday Financial Management
Financial data consolidation
Axiom EPM
10.0
Workday Financial Management
Local and consolidated reporting
Axiom EPM
9.0
Workday Financial Management
Detailed Audit Trails
Axiom EPM
10.0
Workday Financial Management

Financial Reporting and Compliance

Axiom EPM
8.3
Workday Financial Management
Financial Statement Reporting
Axiom EPM
8.0
Workday Financial Management
Management Reporting
Axiom EPM
8.0
Workday Financial Management
Excel-based Reporting
Axiom EPM
9.0
Workday Financial Management
Automated board and financial reporting
Axiom EPM
8.0
Workday Financial Management

Analytics

Axiom EPM
8.7
Workday Financial Management
Personalized dashboards
Axiom EPM
9.0
Workday Financial Management
Cost and profitability analysis
Axiom EPM
8.0
Workday Financial Management
Benchmarking with external data
Axiom EPM
9.0
Workday Financial Management

Integration

Axiom EPM
9.0
Workday Financial Management
Flat file integration
Axiom EPM
9.0
Workday Financial Management
Excel data integration
Axiom EPM
9.0
Workday Financial Management
Direct links to 3rd-party data sources
Axiom EPM
9.0
Workday Financial Management

Payroll Management

Axiom EPM
Workday Financial Management
9.7
Pay calculation
Axiom EPM
Workday Financial Management
9.7
Benefit plan administration
Axiom EPM
Workday Financial Management
9.7
Direct deposit files
Axiom EPM
Workday Financial Management
9.7
Salary revision and increment management
Axiom EPM
Workday Financial Management
9.7
Reimbursement management
Axiom EPM
Workday Financial Management
9.7

Customization

Axiom EPM
Workday Financial Management
8.0
API for custom integration
Axiom EPM
Workday Financial Management
8.0
Plug-ins
Axiom EPM
Workday Financial Management
8.0

Security

Axiom EPM
Workday Financial Management
9.9
Single sign-on capability
Axiom EPM
Workday Financial Management
9.9
Role-based user permissions
Axiom EPM
Workday Financial Management
9.9

Reporting & Analytics

Axiom EPM
Workday Financial Management
9.7
Dashboards
Axiom EPM
Workday Financial Management
9.7
Standard reports
Axiom EPM
Workday Financial Management
9.8
Custom reports
Axiom EPM
Workday Financial Management
9.7

General Ledger and Configurable Accounting

Axiom EPM
Workday Financial Management
9.1
Accounts payable
Axiom EPM
Workday Financial Management
9.8
Accounts receivable
Axiom EPM
Workday Financial Management
9.8
Expense management
Axiom EPM
Workday Financial Management
8.0
Global Financial Support
Axiom EPM
Workday Financial Management
8.8
Primary and Secondary Ledgers
Axiom EPM
Workday Financial Management
8.0
Intercompany Accounting
Axiom EPM
Workday Financial Management
8.0
Localizations
Axiom EPM
Workday Financial Management
8.0
Journals and Reconciliations
Axiom EPM
Workday Financial Management
9.8
Configurable Accounting
Axiom EPM
Workday Financial Management
9.8
Centralized Rules Framework
Axiom EPM
Workday Financial Management
9.8
Standardized Processes
Axiom EPM
Workday Financial Management
9.8

Order Management

Axiom EPM
Workday Financial Management
10.0
Credit card processing
Axiom EPM
Workday Financial Management
10.0

Pros

Axiom EPM

  • Compared to a previous EPM we used, Axiom's template load and saving performance has been much better even for large plan files.
  • Axiom consultants can create completely customized reports for any of the collected data. Super users within your organization can then fairly easily modify their work to create additional reports without Axiom's help (and invoices)
  • Setting up user security is a fairly easy one-time task and very easy to maintain when people change departments, leave the organization, etc. I would recommend you use role-based security settings.
  • Compared to our previous EPM, Axiom allows more customization and possibilities for templates. There's very few "the product can't do that" statements.
Anonymous | TrustRadius Reviewer

Workday Financial Management

  • 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.
Anonymous | TrustRadius Reviewer

Cons

Axiom EPM

  • Unfortunately, Axiom only assigned two implementation consultants to our massive project and both were completely new to the product and inexperienced.
  • This isn't really a fault of Axiom, but your organization's data has to be perfect before implementing Axiom. You need a strong project manager within your organization to take the lead in working with Axiom. They should be very familiar with the source data and what's important to all your internal stakeholders. The Axiom team needs to be clearly told exactly what you need from them.
  • We never truly felt confident anyone from Axiom was really familiar with the source tables and data being used. I would suggest in any project they make that a priority early on. Not being familiar with the data caused a list of issues regarding reporting and template construction.
Anonymous | TrustRadius Reviewer

Workday Financial Management

  • 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.
Anonymous | TrustRadius Reviewer

Support Rating

Axiom EPM

Axiom EPM 7.0
Based on 1 answer
For the scale of our implementation, Axiom only assigned two consultants who were both completely new to the company. It felt like we were all learning about the product together, when you would expect them to already be experts at their own product. The team also made a good bit of mistakes throughout production and go-live, which then caused more work internally for us. The team lead for our project also just left the company, so we'll see how next year's planning goes
Anonymous | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Alternatives Considered

Axiom EPM

Vena was a strong product, but only our department within the University used it for budgeting. The entire university chose Axiom for the increased scale and capacity. The loading and saving performance of Axiom is slightly better than Vena. Also, Axiom provides more template and report customization. Vena definitely excelled more in their support and staffing and was much cheaper (so I'm told) than Axiom
Anonymous | TrustRadius Reviewer

Workday Financial Management

  • It is a simple and intuitive solution that can be customized for your specific needs.
  • It unifies HR and finance, giving you predictive analytics, real-time insights, and global visibility.
  • It offers a single version of the tool to meet the requirements of diverse companies.
  • It integrates seamlessly with a large number of business apps and systems.
Zahra Najib | TrustRadius Reviewer

Return on Investment

Axiom EPM

  • This is only the first year of implementation for the university, so the ROI is yet to be fully seen. For our department, which is the largest in the university, I think the ROI has been fairly high as our users have had more built-in resources within their plan files than they had previously.
Anonymous | TrustRadius Reviewer

Workday Financial Management

  • 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.
Anonymous | TrustRadius Reviewer

Pricing Details

Axiom EPM

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No

Workday Financial Management

General

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

Rating Summary

Likelihood to Recommend

Axiom EPM
7.0
Workday Financial Management
9.8

Support Rating

Axiom EPM
7.0
Workday Financial Management

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