Axiom Software by Syntellis Performance Solutions vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Axiom Software by Syntellis Performance Solutions
Score 7.8 out of 10
Enterprise companies (1,001+ employees)
Syntellis Performance Solutions provides enterprise performance management software, data and analytics solution for healthcare organizations, financial institutions, and higher education institutions. Axiom arms finance teams and executives with tools for budgeting, forecasting, planning, and reporting, so they can analyze results, model the future, and make more strategic decisions. Their solutions include enterprise planning, cost and decision support, and financial and clinical…N/A
Workday Financial Management
Score 8.1 out of 10
N/A
Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model,…N/A
Pricing
Axiom Software by Syntellis Performance SolutionsWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Axiom Software by Syntellis Performance SolutionsWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Axiom Software by Syntellis Performance SolutionsWorkday Financial Management
Top Pros
Top Cons
Features
Axiom Software by Syntellis Performance SolutionsWorkday Financial Management
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
5.9
6 Ratings
34% below category average
Workday Financial Management
-
Ratings
Long-term financial planning5.74 Ratings00 Ratings
Financial budgeting7.86 Ratings00 Ratings
Forecasting5.75 Ratings00 Ratings
Scenario modeling3.85 Ratings00 Ratings
Management reporting6.55 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
4.4
5 Ratings
58% below category average
Workday Financial Management
-
Ratings
Financial data consolidation3.03 Ratings00 Ratings
Local and consolidated reporting5.55 Ratings00 Ratings
Detailed Audit Trails4.85 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
5.2
6 Ratings
45% below category average
Workday Financial Management
-
Ratings
Financial Statement Reporting6.85 Ratings00 Ratings
Management Reporting5.65 Ratings00 Ratings
Excel-based Reporting5.15 Ratings00 Ratings
Automated board and financial reporting4.04 Ratings00 Ratings
XBRL support for regulatory filing4.22 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
3.8
5 Ratings
72% below category average
Workday Financial Management
-
Ratings
Personalized dashboards3.85 Ratings00 Ratings
Color-coded scorecards4.84 Ratings00 Ratings
KPIs5.14 Ratings00 Ratings
Cost and profitability analysis1.03 Ratings00 Ratings
Key Performance Indicator setting4.63 Ratings00 Ratings
Benchmarking with external data3.63 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
6.0
5 Ratings
32% below category average
Workday Financial Management
-
Ratings
Flat file integration5.05 Ratings00 Ratings
Excel data integration8.44 Ratings00 Ratings
Direct links to 3rd-party data sources4.64 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
-
Ratings
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation00 Ratings8.418 Ratings
Benefit plan administration00 Ratings8.615 Ratings
Direct deposit files00 Ratings8.315 Ratings
Customization
Comparison of Customization features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
-
Ratings
Workday Financial Management
8.2
16 Ratings
12% above category average
API for custom integration00 Ratings8.213 Ratings
Plug-ins00 Ratings8.115 Ratings
Security
Comparison of Security features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
-
Ratings
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability00 Ratings8.820 Ratings
Role-based user permissions00 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
-
Ratings
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards00 Ratings8.323 Ratings
Standard reports00 Ratings8.819 Ratings
Custom reports00 Ratings8.317 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
-
Ratings
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable00 Ratings8.914 Ratings
Accounts receivable00 Ratings9.014 Ratings
Global Financial Support00 Ratings8.315 Ratings
Primary and Secondary Ledgers00 Ratings8.715 Ratings
Journals and Reconciliations00 Ratings8.812 Ratings
Configurable Accounting00 Ratings8.215 Ratings
Standardized Processes00 Ratings9.016 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
-
Ratings
Workday Financial Management
8.7
8 Ratings
10% above category average
Inventory tracking00 Ratings9.08 Ratings
Automatic reordering00 Ratings8.68 Ratings
Location management00 Ratings8.57 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Axiom Software by Syntellis Performance Solutions
-
Ratings
Workday Financial Management
9.2
9 Ratings
17% above category average
Credit card processing00 Ratings9.29 Ratings
Best Alternatives
Axiom Software by Syntellis Performance SolutionsWorkday Financial Management
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.3 out of 10
Acumatica
Acumatica
Score 8.8 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Infor VISUAL
Infor VISUAL
Score 7.0 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.0 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Axiom Software by Syntellis Performance SolutionsWorkday Financial Management
Likelihood to Recommend
5.6
(6 ratings)
8.7
(23 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.6
(5 ratings)
Support Rating
7.0
(1 ratings)
9.7
(5 ratings)
User Testimonials
Axiom Software by Syntellis Performance SolutionsWorkday Financial Management
Likelihood to Recommend
Syntellis Performance Solutions (formerly Kaufman Hall Software)
Axiom is extremely well suited to optimize the Budget process. Using Axiom, we have cut our overall budget cycle time in half and have a much higher level of accuracy in all facets of the Budget including Fee Income, Expense, and Margin. Axiom is also well suited for advanced data users as you have the ability to create your own custom database tables which allows you to join to the existing Axiom tables and has allowed us to create custom reporting that we could not even think about on our previous system. The other big benefit of Axiom is that it sits on top of Microsoft Excel and inherits all of its functionality, which most people have experience with.
Read full review
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.
Read full review
Pros
Syntellis Performance Solutions (formerly Kaufman Hall Software)
  • 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.
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
Syntellis Performance Solutions (formerly Kaufman Hall Software)
  • Implementation is quite Complex and requires both IT and Financial buy-in
  • Reporting solution has some learning curve for end users
  • Calculation methods within reporting can be opaque and hard to trace
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
Usability
Syntellis Performance Solutions (formerly Kaufman Hall Software)
No answers on this topic
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.
Read full review
Support Rating
Syntellis Performance Solutions (formerly Kaufman Hall Software)
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
Read full review
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.
Read full review
Alternatives Considered
Syntellis Performance Solutions (formerly Kaufman Hall Software)
Axiom was selected based on the impression of ease of use and integration. It is capable of holding all of our entities data while giving us an easier more accessible way to deliver monthly Financials and reports to managers. Then in costing we signed up because the impression of budgeting.
Read full review
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.
Read full review
Return on Investment
Syntellis Performance Solutions (formerly Kaufman Hall Software)
  • Forecasting has improved
  • Complexity of analysis has improved as well
  • Our main data has been confused as we started using Axiom
Read full review
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.
Read full review
ScreenShots