TrustRadius: an HG Insights company

Deltek Maconomy vs. IFS Applications vs. Workday Financial Management

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Deltek Maconomy

    Score8 out of 10
    N/ADeltek Maconomy is a project-based ERP solution focused on professional services firms.N/A

    IFS Applications

    Score7.6 out of 10
    N/AIFS Applications is presented by the vendor as an agile application suite that offers enterprise resource planning (ERP), enterprise asset management (EAM) and enterprise project management, handling 4 core processes: Service & Asset Management Full Enterprise Asset Management (EAM), Maintenance Repair and Overhaul (MRO) and Field Service Management (FSM) Manufacturing Enterprise Resource Planning (ERP) with support for process manufacturing, discrete manufacturing…N/A

    Workday Financial Management

    Score8.5 out of 10
    N/AWorkday Financial Management is a cloud-based financial software platform built on an in-memory architecture and an object-oriented data model. The system unifies transaction processing, multidimensional reporting, and consolidation into a single environment accessible via web and mobile interfaces. Financial Operations and Automation The platform employs Artificial Intelligence (AI) models and specialized financial agents to manage core business cycles. These…N/A
    Pricing
    Deltek MaconomyIFS ApplicationsWorkday Financial Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Deltek MaconomyIFS ApplicationsWorkday Financial Management
    Free Trial
    NoNoNo
    Free/Freemium Version
    NoNoNo
    Premium Consulting/Integration Services
    NoNoNo
    Entry-level Setup FeeNo setup feeNo setup feeNo setup fee
    Additional Details———
    More Pricing Information
    Community Pulse
    Deltek MaconomyIFS ApplicationsWorkday Financial Management
    Considered Multiple Products
    Deltek Inc.
    No answer on this topic
    IFS
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    No answers on this topic
    96%
    Would buy again
    23 Answers
    Delivers good value for the price
    No answers on this topic
    No answers on this topic
    95%
    Delivers good value for the price
    21 Answers
    Happy with the feature set
    No answers on this topic
    No answers on this topic
    96%
    Happy with the feature set
    23 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    No answers on this topic
    95%
    Lived up to sales and marketing promises
    19 Answers
    Implementation went as expected
    No answers on this topic
    No answers on this topic
    89%
    Implementation went as expected
    17 Answers
    Features
    Deltek MaconomyIFS ApplicationsWorkday Financial Management
    Customization
    Comparison of Customization features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    6.0
    1 Ratings
    22% below category average
    IFS Applications
    8.7
    5 Ratings
    15% above category average
    Workday Financial Management
    8.1
    20 Ratings
    7% above category average
    API for custom integration5.01 Ratings8.75 Ratings8.417 Ratings
    Plug-ins7.01 Ratings8.75 Ratings7.919 Ratings
    Security
    Comparison of Security features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    4.7
    2 Ratings
    56% below category average
    IFS Applications
    9.9
    5 Ratings
    16% above category average
    Workday Financial Management
    9.0
    25 Ratings
    7% above category average
    Single sign-on capability3.42 Ratings10.05 Ratings9.225 Ratings
    Role-based user permissions6.12 Ratings9.85 Ratings8.823 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    5.7
    2 Ratings
    27% below category average
    IFS Applications
    8.8
    5 Ratings
    16% above category average
    Workday Financial Management
    8.0
    27 Ratings
    6% above category average
    Dashboards3.32 Ratings8.55 Ratings8.227 Ratings
    Standard reports6.02 Ratings8.35 Ratings7.924 Ratings
    Custom reports7.72 Ratings9.55 Ratings8.122 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    7.0
    2 Ratings
    10% below category average
    IFS Applications
    7.5
    5 Ratings
    3% below category average
    Workday Financial Management
    7.7
    23 Ratings
    0% below category average
    Accounts payable7.22 Ratings9.55 Ratings7.518 Ratings
    Accounts receivable7.72 Ratings9.55 Ratings6.918 Ratings
    Global Financial Support6.01 Ratings9.04 Ratings7.519 Ratings
    Primary and Secondary Ledgers8.01 Ratings9.34 Ratings7.419 Ratings
    Journals and Reconciliations7.72 Ratings9.04 Ratings7.716 Ratings
    Configurable Accounting6.62 Ratings8.84 Ratings7.719 Ratings
    Standardized Processes8.01 Ratings9.04 Ratings7.920 Ratings
    Subledger and Financial Process
    Comparison of Subledger and Financial Process features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    7.7
    2 Ratings
    2% above category average
    IFS Applications
    3.9
    4 Ratings
    64% below category average
    Workday Financial Management
    -
    Ratings
    Billing Management8.01 Ratings8.34 Ratings00 Ratings
    Cash and Asset Management7.01 Ratings8.84 Ratings00 Ratings
    Travel & Expense Management6.62 Ratings8.84 Ratings00 Ratings
    Budgetary Control & Encumbrance Accounting8.01 Ratings7.84 Ratings00 Ratings
    Period Close7.22 Ratings9.34 Ratings00 Ratings
    Project Financial Management
    Comparison of Project Financial Management features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    6.7
    1 Ratings
    12% below category average
    IFS Applications
    2.7
    1 Ratings
    95% below category average
    Workday Financial Management
    -
    Ratings
    Budgeting and Forecasting7.01 Ratings3.01 Ratings00 Ratings
    Project Costing7.01 Ratings6.01 Ratings00 Ratings
    Cost Capture6.01 Ratings5.01 Ratings00 Ratings
    Capital Project Management7.01 Ratings2.01 Ratings00 Ratings
    Customer Contract Compliance8.01 Ratings2.01 Ratings00 Ratings
    Project Revenue Recognition8.01 Ratings2.01 Ratings00 Ratings
    Project Execution Management
    Comparison of Project Execution Management features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    3.5
    1 Ratings
    67% below category average
    IFS Applications
    3.5
    4 Ratings
    67% below category average
    Workday Financial Management
    -
    Ratings
    Project Planning and Scheduling7.01 Ratings9.54 Ratings00 Ratings
    Task Insight for Project Managers1.01 Ratings8.54 Ratings00 Ratings
    Project Mobile Functionality3.01 Ratings7.54 Ratings00 Ratings
    Definable Resource Pools5.01 Ratings8.54 Ratings00 Ratings
    Grants Management
    Comparison of Grants Management features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    5.3
    1 Ratings
    34% below category average
    IFS Applications
    9.3
    2 Ratings
    22% above category average
    Workday Financial Management
    -
    Ratings
    Award Lifecycle Management8.01 Ratings9.32 Ratings00 Ratings
    Payroll Management
    Comparison of Payroll Management features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    -
    Ratings
    IFS Applications
    4.8
    3 Ratings
    44% below category average
    Workday Financial Management
    8.1
    23 Ratings
    8% above category average
    Pay calculation00 Ratings8.03 Ratings8.323 Ratings
    Benefit plan administration00 Ratings7.43 Ratings8.020 Ratings
    Direct deposit files00 Ratings6.43 Ratings8.220 Ratings
    Inventory Management
    Comparison of Inventory Management features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    -
    Ratings
    IFS Applications
    9.1
    5 Ratings
    13% above category average
    Workday Financial Management
    7.2
    11 Ratings
    10% below category average
    Inventory tracking00 Ratings9.35 Ratings7.611 Ratings
    Automatic reordering00 Ratings9.55 Ratings7.311 Ratings
    Location management00 Ratings9.55 Ratings6.810 Ratings
    Order Management
    Comparison of Order Management features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    -
    Ratings
    IFS Applications
    6.3
    5 Ratings
    23% below category average
    Workday Financial Management
    7.3
    11 Ratings
    8% below category average
    Pricing00 Ratings9.05 Ratings00 Ratings
    Order entry00 Ratings8.25 Ratings00 Ratings
    Credit card processing00 Ratings8.74 Ratings7.311 Ratings
    Cost of goods sold00 Ratings8.35 Ratings00 Ratings
    Order Orchestration00 Ratings7.84 Ratings00 Ratings
    Procurement
    Comparison of Procurement features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    2.0
    1 Ratings
    112% below category average
    IFS Applications
    3.5
    4 Ratings
    68% below category average
    Workday Financial Management
    -
    Ratings
    Bids Analyzed and Compared00 Ratings9.33 Ratings00 Ratings
    Contract Authoring00 Ratings8.33 Ratings00 Ratings
    Contract Repository00 Ratings8.33 Ratings00 Ratings
    Requisitions-to-Purchase Orders Integrated00 Ratings9.24 Ratings00 Ratings
    Supplier Management00 Ratings9.24 Ratings00 Ratings
    Risk Management
    Comparison of Risk Management features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    -
    Ratings
    IFS Applications
    5.0
    4 Ratings
    30% below category average
    Workday Financial Management
    -
    Ratings
    Risk Repository00 Ratings8.54 Ratings00 Ratings
    Control Management00 Ratings8.74 Ratings00 Ratings
    Control Efficiency Assessments00 Ratings8.54 Ratings00 Ratings
    Issue Detection00 Ratings7.54 Ratings00 Ratings
    Remediation and Certification00 Ratings8.04 Ratings00 Ratings
    Logistics
    Comparison of Logistics features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    -
    Ratings
    IFS Applications
    7.8
    4 Ratings
    11% above category average
    Workday Financial Management
    -
    Ratings
    Transportation Planning and Optimization00 Ratings8.32 Ratings00 Ratings
    Transportation Execution Management00 Ratings9.02 Ratings00 Ratings
    Trade and Customs Management00 Ratings8.02 Ratings00 Ratings
    Fulfillment Management00 Ratings7.73 Ratings00 Ratings
    Warehouse Workforce Management00 Ratings8.54 Ratings00 Ratings
    Manufacturing
    Comparison of Manufacturing features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    -
    Ratings
    IFS Applications
    6.8
    4 Ratings
    10% below category average
    Workday Financial Management
    -
    Ratings
    Production Process Design00 Ratings9.33 Ratings00 Ratings
    Production Management00 Ratings9.04 Ratings00 Ratings
    Configuration Management00 Ratings8.84 Ratings00 Ratings
    Work Execution00 Ratings9.34 Ratings00 Ratings
    Manufacturing Costs00 Ratings9.54 Ratings00 Ratings
    Supply Chain
    Comparison of Supply Chain features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    -
    Ratings
    IFS Applications
    9.1
    4 Ratings
    21% above category average
    Workday Financial Management
    -
    Ratings
    Forecasting00 Ratings8.84 Ratings00 Ratings
    Inventory Planning00 Ratings9.54 Ratings00 Ratings
    Performance Monitoring00 Ratings9.03 Ratings00 Ratings
    Product Lifecycle Management
    Comparison of Product Lifecycle Management features of Deltek Maconomy and IFS Applications and Workday Financial Management
    Feature
    Deltek Maconomy
    -
    Ratings
    IFS Applications
    4.8
    4 Ratings
    42% below category average
    Workday Financial Management
    -
    Ratings
    Proposal Management00 Ratings8.33 Ratings00 Ratings
    Product Master Data Management00 Ratings8.83 Ratings00 Ratings
    Best Alternatives
    Deltek MaconomyIFS ApplicationsWorkday Financial Management
    Small Businesses
    Zoho One
    Score9.1 out of 10
    Zoho One
    Score9.1 out of 10
    Zoho One
    Score9.1 out of 10
    Medium-sized Companies
    Zoho One
    Score9.1 out of 10
    Zoho One
    Score9.1 out of 10
    Zoho One
    Score9.1 out of 10
    Enterprises
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    All AlternativesView all alternativesView all alternativesView all alternatives
    User Ratings
    Deltek MaconomyIFS ApplicationsWorkday Financial Management
    Likelihood to Recommend
    6.5
    (2 ratings)
    8.5
    (5 ratings)
    8.4
    (27 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    -
    (0 ratings)
    9.0
    (1 ratings)
    Usability
    -
    (0 ratings)
    8.5
    (4 ratings)
    9.0
    (10 ratings)
    Support Rating
    -
    (0 ratings)
    1.0
    (1 ratings)
    10.0
    (5 ratings)
    User Testimonials
    Deltek MaconomyIFS ApplicationsWorkday Financial Management
    Likelihood to Recommend
    Deltek Inc.
    Good for accounting and engineering firms.
    Incentivized
    Read full review
    IFS
    Order to cash processes and scenario are implemented natively in IFS. An HR module exists for career management also (objectives, comportments, training, mobility) but may be improved in terms of workflow validation (e.g. training to validate by a manager) or reporting.
    Incentivized
    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.
    Incentivized
    Read full review
    Pros
    Deltek Inc.
    • Separate time and expense reporting functions
    • Electronic receipt submission
    • Lookup bill codes for other systems/systems linked
    • Summarizing and tallying current totals
    Incentivized
    Read full review
    IFS
    • It supports the web version in most later versions.
    • It provides various mobile versions of the applications as mobile apps to cater various areas.
    • IFS Applications allows easy configurations of the application without going for costly customization.
    • It covers almost every areas of an industrial company so any other third party applications are minimum.
    • It allows safer and easier built-in options for integrations capabilities.
    Incentivized
    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.
    Incentivized
    Read full review
    Cons
    Deltek Inc.
    • High Cost
    • Lack of documentation
    • Crashes and has a lots of bugs
    Incentivized
    Read full review
    IFS
    • Handling massive volumes of data can be improved.
    Incentivized
    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
    Incentivized
    Read full review
    Usability
    Deltek Inc.
    No answers on this topic
    IFS
    The system is very difficult to use, overly complex, and difficult to learn. It also has limitations that are hard to overcome.
    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.
    Incentivized
    Read full review
    Support Rating
    Deltek Inc.
    No answers on this topic
    IFS
    We have been unable to get answers to our questions, solutions to our problems, and they don't seem interested in working in the construction industry.
    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.
    Incentivized
    Read full review
    Alternatives Considered
    Deltek Inc.
    I'm not sure!
    Incentivized
    Read full review
    IFS
    IFS Applications is based on Agile Technology which allows organizations to reconfigure user interface as per user requirements and make it user-friendly. Other applications are lagging on many fronts like User Interface, Online help document availability, Implementation methodology, and post-implementation expenses.
    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.
    Incentivized
    Read full review
    Return on Investment
    Deltek Inc.
    • One software for your time entry and billings
    • Great for reporting.
    Incentivized
    Read full review
    IFS
    • Reporting is now centralized and managed. Previously, reports were outside the information systems and there was a risk of incoherence.
    • Accounting controls are now in place on the overall processes, including production, which helped the company to reduce closing periods or to produce more easily official mandatory accounting files yearly.
    • Interfaces between the CRM forecast tool and IFS helped to keep the tools in sync, and to decrease the processing times prior to production launch.
    Incentivized
    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.
    Incentivized
    Read full review
    ScreenShots

    Deltek Maconomy Screenshots

    Screenshot of Maconomy Project Overview - Understand project KPIs with the configurable Job Overview screenScreenshot of Maconomy Invoice Allocation - Preview vendor invoices and instantly allocate or reallocate for improved project billingScreenshot of Maconomy People Planner - Instantly view department utilization and manage resource capacity with visual color codingScreenshot of Maconomy Time and Expense - Ensure all time is captured with the intuitive mobile appScreenshot of Maconomt CRM - Manage key customer information anytime, anywhere.

    IFS Applications Screenshots

    Product screenshotProduct screenshotProduct screenshotProduct screenshotProduct screenshot

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis