Board vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Board
Score 7.9 out of 10
Enterprise companies (1,001+ employees)
BOARD is a business decision-making platform for organizations of any size. BOARD hosts several business modeling, planning, and analysis all in one cloud-based platform.N/A
Workday Financial Management
Score 8.3 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
BoardWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
BoardWorkday 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
BoardWorkday Financial Management
Considered Both Products
Board
Workday Financial Management

No answer on this topic

Top Pros
Top Cons
Features
BoardWorkday Financial Management
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Board
6.6
94 Ratings
19% below category average
Workday Financial Management
-
Ratings
Pixel Perfect reports6.681 Ratings00 Ratings
Customizable dashboards6.694 Ratings00 Ratings
Report Formatting Templates6.687 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Board
6.6
99 Ratings
22% below category average
Workday Financial Management
-
Ratings
Drill-down analysis6.697 Ratings00 Ratings
Formatting capabilities5.895 Ratings00 Ratings
Integration with R or other statistical packages6.667 Ratings00 Ratings
Report sharing and collaboration7.490 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Board
7.0
91 Ratings
15% below category average
Workday Financial Management
-
Ratings
Publish to Web6.680 Ratings00 Ratings
Publish to PDF7.488 Ratings00 Ratings
Report Versioning6.681 Ratings00 Ratings
Report Delivery Scheduling7.479 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Board
7.2
74 Ratings
5% below category average
Workday Financial Management
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)6.673 Ratings00 Ratings
Location Analytics / Geographic Visualization7.467 Ratings00 Ratings
Predictive Analytics7.465 Ratings00 Ratings
Pattern Recognition and Data Mining7.31 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Board
7.4
75 Ratings
16% below category average
Workday Financial Management
-
Ratings
Multi-User Support (named login)7.473 Ratings00 Ratings
Role-Based Security Model7.470 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)6.673 Ratings00 Ratings
Single Sign-On (SSO)8.170 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Board
6.6
78 Ratings
19% below category average
Workday Financial Management
-
Ratings
Responsive Design for Web Access5.773 Ratings00 Ratings
Mobile Application5.758 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile5.769 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Board
7.4
80 Ratings
11% below category average
Workday Financial Management
-
Ratings
Long-term financial planning7.375 Ratings00 Ratings
Financial budgeting7.479 Ratings00 Ratings
Forecasting6.676 Ratings00 Ratings
Scenario modeling8.172 Ratings00 Ratings
Management reporting7.478 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Board
7.1
75 Ratings
12% below category average
Workday Financial Management
-
Ratings
Financial data consolidation8.171 Ratings00 Ratings
Journal entries and reports6.472 Ratings00 Ratings
Multi-currency management7.362 Ratings00 Ratings
Intercompany Eliminations7.363 Ratings00 Ratings
Minority Ownership7.457 Ratings00 Ratings
Local and consolidated reporting6.669 Ratings00 Ratings
Detailed Audit Trails6.566 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Board
6.9
78 Ratings
17% below category average
Workday Financial Management
-
Ratings
Financial Statement Reporting7.373 Ratings00 Ratings
Management Reporting6.677 Ratings00 Ratings
Excel-based Reporting6.574 Ratings00 Ratings
Automated board and financial reporting7.471 Ratings00 Ratings
XBRL support for regulatory filing6.551 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Board
7.2
80 Ratings
11% below category average
Workday Financial Management
-
Ratings
Personalized dashboards7.479 Ratings00 Ratings
Color-coded scorecards7.475 Ratings00 Ratings
KPIs6.677 Ratings00 Ratings
Cost and profitability analysis7.473 Ratings00 Ratings
Key Performance Indicator setting7.472 Ratings00 Ratings
Benchmarking with external data7.363 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Board
7.3
78 Ratings
13% below category average
Workday Financial Management
-
Ratings
Flat file integration7.377 Ratings00 Ratings
Excel data integration7.476 Ratings00 Ratings
Direct links to 3rd-party data sources7.372 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Board
-
Ratings
Workday Financial Management
8.3
19 Ratings
14% above category average
Pay calculation00 Ratings8.519 Ratings
Benefit plan administration00 Ratings8.716 Ratings
Direct deposit files00 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
Board
-
Ratings
Workday Financial Management
8.2
17 Ratings
12% above category average
API for custom integration00 Ratings8.314 Ratings
Plug-ins00 Ratings8.216 Ratings
Security
Comparison of Security features of Product A and Product B
Board
-
Ratings
Workday Financial Management
8.8
21 Ratings
8% above category average
Single sign-on capability00 Ratings8.821 Ratings
Role-based user permissions00 Ratings8.919 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Board
-
Ratings
Workday Financial Management
8.5
24 Ratings
20% above category average
Dashboards00 Ratings8.424 Ratings
Standard reports00 Ratings8.820 Ratings
Custom reports00 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Board
-
Ratings
Workday Financial Management
8.5
20 Ratings
11% above category average
Accounts payable00 Ratings9.015 Ratings
Accounts receivable00 Ratings9.115 Ratings
Global Financial Support00 Ratings8.516 Ratings
Primary and Secondary Ledgers00 Ratings8.716 Ratings
Journals and Reconciliations00 Ratings8.913 Ratings
Configurable Accounting00 Ratings8.316 Ratings
Standardized Processes00 Ratings9.017 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Board
-
Ratings
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking00 Ratings9.09 Ratings
Automatic reordering00 Ratings8.69 Ratings
Location management00 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Board
-
Ratings
Workday Financial Management
9.1
10 Ratings
16% above category average
Credit card processing00 Ratings9.110 Ratings
Best Alternatives
BoardWorkday 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 7.1 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
BoardWorkday Financial Management
Likelihood to Recommend
6.6
(100 ratings)
8.7
(24 ratings)
Likelihood to Renew
9.1
(7 ratings)
9.0
(1 ratings)
Usability
7.7
(5 ratings)
9.5
(5 ratings)
Availability
9.1
(1 ratings)
-
(0 ratings)
Performance
9.1
(1 ratings)
-
(0 ratings)
Support Rating
8.0
(3 ratings)
9.7
(5 ratings)
In-Person Training
7.3
(2 ratings)
-
(0 ratings)
Implementation Rating
7.2
(3 ratings)
-
(0 ratings)
Configurability
9.1
(1 ratings)
-
(0 ratings)
Ease of integration
9.1
(1 ratings)
-
(0 ratings)
Product Scalability
9.1
(1 ratings)
-
(0 ratings)
Vendor post-sale
9.1
(1 ratings)
-
(0 ratings)
Vendor pre-sale
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
BoardWorkday Financial Management
Likelihood to Recommend
Board International
Board is a useful tool with a great set of features. We migrated from human apps to board and we find it relatively fast in search results and better-managed threads and forums. There are some areas, such as UI and interactions which could be improved but overall a great product. The learning section is also pretty good.
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
Board International
  • The user interface is intuitive and easy to navigate
  • You don't need programming knowledge to create dashboards which is a great flex for non-technical users
  • You can seamlessly convert large, raw, and complex data to meaningful reports to visualize better and plan to act accordingly
  • The financial forecasting that Board provides post-analysis is truly reliable
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
Board International
  • Board BI tool has a steep learning curve and can be challenging for a new user to reach to board's full capacity.
  • We have to use a windows scheduler to schedule data import tasks; it would be great if Board could provide its own scheduler.
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
Board International
Board is a fantastic product for swift BI solution delivery when compared with its peers. Ease of use, support and integration with Microsoft Office Addin open a wide horizon of opportunities for further enhancements to solutions. Easy bespoke app development capabilities make it a winner for us. BOARD is just like a white canvas, it lets you explore your creative side while designing and delivering a solution
Read full review
Workday
No answers on this topic
Usability
Board International
From a user perspective, Board is quite simple to use. You
can evaluate the presentation of the data, the navigation, the configuration of
the users, the selection of the data etc ... It would have a better rating if
it were even more intuitive as regards the construction of a project, starting
from the database, to the info-cubes, to entities, to data acquisition
procedures from other servers.
Read full review
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
Performance
Board International
very fast and no integration problems
Read full review
Workday
No answers on this topic
Support Rating
Board International
The only time I needed assistance was due to a problem in
the prints: the colors of the brochures as they were on the screen were not
reproduced in the print, but a series of standard colors were reproduced. This
fact made colored numbers on a colored background illegible. From the
assistance they confirmed that it was a problem of version 10.2 that occurred
when leaving the brochures with the default colors proposed by Board. To obtain
the desired colors, they had to be personalized ... I didn't like the solution
very much and the technician who recommended it didn't like me either, but they
would have solved the problem with the following versions. In any case, the
assistance was quick and effective even if not exactly efficient.
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
In-Person Training
Board International
Board is fairly simple and straight forward. Advance training on workflows and procedures is a good one but the training content only touches through the interesting areas. training content needs to cover a few areas more in-depth
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Workday
No answers on this topic
Implementation Rating
Board International
The problem of user profiling in our context is certainly
quite complex. The complexity is given by the fact that the company is divided
territorially into logistic points of sale, but at the same time they are
virtually divided into divisions (or specific implementation areas) and points
of sale of competence. The same operator can have access to data at different
logistic sales points, sales points of competence and divisions.
Read full review
Workday
No answers on this topic
Alternatives Considered
Board International
Board has been more complete when compared to Anaplan. Although I didn't participate in the buying decision of any of those products I have used both and by far Board just has more features. It's more than a CPM, it's BI and CPM put together. If I had to make a choice now it would be Board.
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
Board International
  • Board facilitates proactive decision making - it gives all the insights of the company's needs, which includes predictive analytics and manipulation of data to make different types of reports.
  • Easy to use for non-programmer and integration with other software is seamless. It has [the] ability to handle large amounts of data.
  • It facilitates advanced decision-making.
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

Board Screenshots

Screenshot of PlanningScreenshot of Sales PlanningScreenshot of ProfitabilityScreenshot of GeomapScreenshot of ForecastScreenshot of Financial Plan