Diligent One Platform vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Diligent One Platform
Score 8.4 out of 10
N/A
Diligent One Platform offers a unified solution for Governance, Risk, and Compliance (GRC) management, providing a comprehensive overview of risks and insights in one place.N/A
Workday Financial Management
Score 8.2 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
Diligent One PlatformWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Diligent One PlatformWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Diligent One PlatformWorkday Financial Management
Top Pros
Top Cons
Features
Diligent One PlatformWorkday Financial Management
Governance, Risk & Compliance
Comparison of Governance, Risk & Compliance features of Product A and Product B
Diligent One Platform
7.8
29 Ratings
4% above category average
Workday Financial Management
-
Ratings
Common repository of GRC items8.327 Ratings00 Ratings
Risk management7.326 Ratings00 Ratings
Integration with Corporate Performance Management (CPM) systems7.215 Ratings00 Ratings
GRC policy management7.913 Ratings00 Ratings
Incident management8.414 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Diligent One Platform
-
Ratings
Workday Financial Management
8.3
18 Ratings
15% 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
Diligent One Platform
-
Ratings
Workday Financial Management
8.2
16 Ratings
8% 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
Diligent One Platform
-
Ratings
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability00 Ratings8.820 Ratings
Role-based user permissions00 Ratings8.918 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Diligent One Platform
-
Ratings
Workday Financial Management
8.5
22 Ratings
16% above category average
Dashboards00 Ratings8.322 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
Diligent One Platform
-
Ratings
Workday Financial Management
8.4
18 Ratings
9% above category average
Accounts payable00 Ratings8.813 Ratings
Accounts receivable00 Ratings8.913 Ratings
Global Financial Support00 Ratings8.114 Ratings
Primary and Secondary Ledgers00 Ratings8.614 Ratings
Journals and Reconciliations00 Ratings8.711 Ratings
Configurable Accounting00 Ratings8.014 Ratings
Standardized Processes00 Ratings8.915 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Diligent One Platform
-
Ratings
Workday Financial Management
8.5
7 Ratings
7% above category average
Inventory tracking00 Ratings8.87 Ratings
Automatic reordering00 Ratings8.37 Ratings
Location management00 Ratings8.26 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Diligent One Platform
-
Ratings
Workday Financial Management
9.0
8 Ratings
14% above category average
Credit card processing00 Ratings9.08 Ratings
Best Alternatives
Diligent One PlatformWorkday Financial Management
Small Businesses
Rencore Code (SPCAF)
Rencore Code (SPCAF)
Score 8.8 out of 10
Zoho One
Zoho One
Score 8.9 out of 10
Medium-sized Companies
Forcepoint DLP
Forcepoint DLP
Score 7.2 out of 10
Infor VISUAL
Infor VISUAL
Score 7.5 out of 10
Enterprises
Forcepoint DLP
Forcepoint DLP
Score 7.2 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 8.5 out of 10
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User Ratings
Diligent One PlatformWorkday Financial Management
Likelihood to Recommend
8.3
(37 ratings)
8.7
(22 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
10.0
(5 ratings)
Support Rating
10.0
(1 ratings)
10.0
(5 ratings)
Implementation Rating
7.5
(31 ratings)
-
(0 ratings)
User Testimonials
Diligent One PlatformWorkday Financial Management
Likelihood to Recommend
Diligent Corporation
We are very happy with the tool, especially the flexibility> it was very easy for us to start with audits which we already do and move to controls and Risks from there. Most other tools try to force a methodology on you. It is very well suited for companies that want to start somewhere and grow from there
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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
Diligent Corporation
  • Enhance business compliance by maintaining records and documents for all our processes and reports, which allows us to not worry about training new people in case resources are transferred.
  • We integrated risk assessment tools and business continuity plans, which allowed proactive identification and mitigation of potential business risks.
  • It helped to secure communication channels with confidential discussions and document sharing among team members and leadership.
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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
Diligent Corporation
  • Improve the TPRM functionality
  • Improve the functionality and features of Risk Manager to be more complete so that it covers the whole spread from ERM to individual risk assessments.
  • Improve their overall UI/UX.
  • Provide a lot more ready robots for customers to use for all the basic areas. For e.g. user access udit for source repos from different vendors, etc.
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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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Usability
Diligent Corporation
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.
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Support Rating
Diligent Corporation
HighBond by Galvanize support has some of the best and fastest support that I have experienced. Though we only contact them through emails, they were quick to provide insightful information about our problems. Whenever we email them about an issue, they would be able to reply in less than an hour, ready and prepared with useful solutions to address the issue.
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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
Diligent Corporation
We’re pretty satisfied with the implementation offering and the reading experiences provided. With our quarterly audits, this tool has made the task much more accessible. The outcome of version control of documents is easy to accomplish, and gathering all the records in one place makes it more accessible.
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Workday
No answers on this topic
Alternatives Considered
Diligent Corporation
I'm excited about diligent due to the fact that they provide many tools to support compliance through use of analytics and testing processes. We also use FloQast, for which I'm an advocate for, however I'm not sure they have expanded yet to support analytics and testing. I don't have any further experience with other products
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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
Diligent Corporation
  • A lot of time and efficiency has been saved for my team as we continue to find different ways to automate tests, continuous monitoring projects, etc. We have been able to shift our focus on enhancement projects that previously had been on the back burner until we had switched to the Diligent One Platform.
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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

Diligent One Platform Screenshots

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