DELMIAWorks vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
DELMIAWorks
Score 8.0 out of 10
N/A
DELMIAWorks (formerly EnterpriseIQ) is an industry specific ERP from IQMS, now a Dassault Systemes brand, developed for manufacturers in the aerospace, assembly, automotive, food, general manufacturing, medical devices, plastics, rubber, metal fabrication, packaging, stamping, and similar industries.N/A
Workday Financial Management
Score 8.2 out of 10
N/A
Workday Financial Management is a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…N/A
Pricing
DELMIAWorksWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
DELMIAWorksWorkday 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
DELMIAWorksWorkday Financial Management
Features
DELMIAWorksWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
DELMIAWorks
2.2
3 Ratings
107% below category average
Workday Financial Management
8.1
22 Ratings
10% above category average
Pay calculation3.03 Ratings8.322 Ratings
Benefit plan administration3.03 Ratings8.119 Ratings
Direct deposit files3.03 Ratings8.119 Ratings
Customization
Comparison of Customization features of Product A and Product B
DELMIAWorks
7.0
2 Ratings
6% below category average
Workday Financial Management
8.1
19 Ratings
9% above category average
API for custom integration7.02 Ratings8.516 Ratings
Plug-ins00 Ratings7.718 Ratings
Security
Comparison of Security features of Product A and Product B
DELMIAWorks
10.0
7 Ratings
18% above category average
Workday Financial Management
8.9
24 Ratings
7% above category average
Single sign-on capability10.06 Ratings9.024 Ratings
Role-based user permissions10.07 Ratings8.822 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
DELMIAWorks
7.3
6 Ratings
0% below category average
Workday Financial Management
8.0
26 Ratings
9% above category average
Dashboards9.04 Ratings7.926 Ratings
Standard reports5.06 Ratings8.123 Ratings
Custom reports8.06 Ratings7.921 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
DELMIAWorks
8.2
6 Ratings
7% above category average
Workday Financial Management
7.7
22 Ratings
0% above category average
Accounts payable8.06 Ratings7.617 Ratings
Accounts receivable9.06 Ratings7.417 Ratings
Global Financial Support00 Ratings7.318 Ratings
Primary and Secondary Ledgers00 Ratings7.418 Ratings
Journals and Reconciliations00 Ratings7.615 Ratings
Configurable Accounting00 Ratings7.418 Ratings
Standardized Processes00 Ratings8.019 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
DELMIAWorks
8.5
8 Ratings
7% above category average
Workday Financial Management
7.2
10 Ratings
10% below category average
Inventory tracking10.08 Ratings7.510 Ratings
Automatic reordering6.04 Ratings7.310 Ratings
Location management10.06 Ratings6.89 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
DELMIAWorks
7.3
7 Ratings
7% below category average
Workday Financial Management
7.0
10 Ratings
11% below category average
Pricing5.05 Ratings00 Ratings
Order entry9.07 Ratings00 Ratings
Credit card processing7.02 Ratings7.010 Ratings
Cost of goods sold8.06 Ratings00 Ratings
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DELMIAWorksWorkday Financial Management
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User Ratings
DELMIAWorksWorkday Financial Management
Likelihood to Recommend
8.0
(9 ratings)
8.5
(26 ratings)
Likelihood to Renew
8.0
(1 ratings)
9.0
(1 ratings)
Usability
7.0
(3 ratings)
9.1
(9 ratings)
Support Rating
1.0
(2 ratings)
10.0
(5 ratings)
Implementation Rating
7.0
(1 ratings)
-
(0 ratings)
User Testimonials
DELMIAWorksWorkday Financial Management
Likelihood to Recommend
Dassault Systemes
EnterpriseIQ is very well suited to a company in the plastics industry as the core software would not need to be modified.
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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.
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Pros
Dassault Systemes
  • I like how they show the employee information
  • The auto reports are nice to be able to set up and not think about again
  • The GL display is average
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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.
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Cons
Dassault Systemes
  • Accounting reports: accrued receipts reporting makes it difficult to reconcile.
  • Fixed assets: depreciation posts to the general ledger at the asset level, generating inordinately large numbers of relatively meaningless transactions.
  • Process cost: PIT display lacks many useful fields, including vendor name and number.
  • Financial reports carry beyond two decimal places.
  • Report structures are not sensibly arranged, and many reports imbed data within text fields, making manipulation and reporting more time-consuming.
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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
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Likelihood to Renew
Dassault Systemes
Given how invested we are it would be hard not to renew as don't want to go through another implementation.
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Workday
No answers on this topic
Usability
Dassault Systemes
The menu system is easy to navigate and intuitive for users. The learning curve for administrators is quite steep form setting up user permissions to creating reports for users. This is a very powerful system with many dynamics to help most companies. Expandability is always there and it comes down to how granular you would like your company to be on a data gathering/reporting and material flow process.
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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.
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Support Rating
Dassault Systemes
We constantly have trouble getting support. There doesn't seem to be anyone there anymore that can help with what we need.
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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.
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Implementation Rating
Dassault Systemes
It is nice that an IQMS employee helps you with the implementation, however they were more of a technical resource than a project management resource. I wish they could provide a more off the shelf timeline given their experience in implementing the system.
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Workday
No answers on this topic
Alternatives Considered
Dassault Systemes
This is the only software that I have used so I am unable to rate it based on another type of software. My experience with IQ is extensive though, and have worked and learned in all areas and love how this program works. The many different modules are relatively easy to learn and they offer support if you need additional instruction.
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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.
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Return on Investment
Dassault Systemes
  • Our implementation of warehouse management was probably the best investment our company has made recently. The control gained over our inventory is a tremendous asset and allows to see in an instant whether or not we can meet our customers' demands.
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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.
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ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis