BILL Spend & Expense vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
BILL Spend & Expense
Score 8.8 out of 10
N/A
BILL Spend and Expense (formerly Divvy) is an all-in-one expense management solution that combines free software with corporate cards to provide you with real-time visibility and customizable control over your business finances.
$0
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
BILL Spend & ExpenseWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
BILL Spend & ExpenseWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsBILL Spend & Expense is free for all users
More Pricing Information
Community Pulse
BILL Spend & ExpenseWorkday Financial Management
Features
BILL Spend & ExpenseWorkday Financial Management
Expense Management
Comparison of Expense Management features of Product A and Product B
BILL Spend & Expense
9.2
8 Ratings
11% above category average
Workday Financial Management
-
Ratings
Employee Expense Reporting8.76 Ratings00 Ratings
Corporate Card Reconciliation9.67 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
BILL Spend & Expense
8.8
7 Ratings
10% above category average
Workday Financial Management
-
Ratings
Customizable Approval Policies9.17 Ratings00 Ratings
Financial Document Management9.07 Ratings00 Ratings
Payment Status Tracking9.04 Ratings00 Ratings
Payment Audit Trail9.65 Ratings00 Ratings
Duplicate Bill Detection7.33 Ratings00 Ratings
Advanced OCR8.73 Ratings00 Ratings
Electronic Funds Transfer9.05 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
BILL Spend & Expense
-
Ratings
Workday Financial Management
8.0
22 Ratings
8% above category average
Pay calculation00 Ratings8.222 Ratings
Benefit plan administration00 Ratings8.019 Ratings
Direct deposit files00 Ratings8.019 Ratings
Customization
Comparison of Customization features of Product A and Product B
BILL Spend & Expense
-
Ratings
Workday Financial Management
8.1
19 Ratings
8% above category average
API for custom integration00 Ratings8.616 Ratings
Plug-ins00 Ratings7.618 Ratings
Security
Comparison of Security features of Product A and Product B
BILL Spend & Expense
-
Ratings
Workday Financial Management
9.0
24 Ratings
8% above category average
Single sign-on capability00 Ratings9.124 Ratings
Role-based user permissions00 Ratings8.822 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
BILL Spend & Expense
-
Ratings
Workday Financial Management
7.8
26 Ratings
6% above category average
Dashboards00 Ratings7.826 Ratings
Standard reports00 Ratings7.923 Ratings
Custom reports00 Ratings7.821 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
BILL Spend & Expense
-
Ratings
Workday Financial Management
7.6
22 Ratings
1% below category average
Accounts payable00 Ratings7.417 Ratings
Accounts receivable00 Ratings7.117 Ratings
Global Financial Support00 Ratings7.218 Ratings
Primary and Secondary Ledgers00 Ratings7.118 Ratings
Journals and Reconciliations00 Ratings7.415 Ratings
Configurable Accounting00 Ratings7.318 Ratings
Standardized Processes00 Ratings7.819 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
BILL Spend & Expense
-
Ratings
Workday Financial Management
7.0
10 Ratings
12% below category average
Inventory tracking00 Ratings7.310 Ratings
Automatic reordering00 Ratings7.210 Ratings
Location management00 Ratings6.69 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
BILL Spend & Expense
-
Ratings
Workday Financial Management
6.6
10 Ratings
17% below category average
Credit card processing00 Ratings6.610 Ratings
Best Alternatives
BILL Spend & ExpenseWorkday Financial Management
Small Businesses
Dext
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Score 9.7 out of 10
Zoho One
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Score 9.5 out of 10
Medium-sized Companies
Precoro
Precoro
Score 9.4 out of 10
Infor VISUAL
Infor VISUAL
Score 7.5 out of 10
Enterprises
Emburse Chrome River
Emburse Chrome River
Score 7.8 out of 10
24SevenOffice
24SevenOffice
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
BILL Spend & ExpenseWorkday Financial Management
Likelihood to Recommend
8.8
(18 ratings)
8.4
(26 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
9.4
(7 ratings)
9.0
(9 ratings)
Support Rating
8.6
(2 ratings)
10.0
(5 ratings)
User Testimonials
BILL Spend & ExpenseWorkday Financial Management
Likelihood to Recommend
BILL
There is a lot of functionality available for any company, and when you combine it with their A/P processing software, I'm sure the value of the software only increases. If you don't look back through your credit card receipts often, or don't have a lot of volume, the receipts not uploading into the accounting software isn't as much of an issue. For us, with roughly $200k of credit card spending each month, it became an issue. The rewards program was hard for us to take advantage of also, mostly because of our spending being spread across multiple companies. Even though we had everything set up together as one business, they still recognized each one as it's own, with it's own rewards requirements. I wouldn't deter anyone from going with Bill Spend & Expense, it's a solid program with a lot of capability, there are just a few small items that mattered to us more than the capabilities we take advantage of.
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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
BILL
  • Divvy does purchases very well. Getting money into the hands of those who need it, when they need it.
  • Budgeting is a breeze because card holders can only spend what is in their specific budget or on their card.
  • Customer support is usually pretty quick to respond
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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
BILL
  • I wish there were more options in the BILL reimbursement platform - for example, the ability to do a report instead of submit a single expense.
  • We would love for reimbursements to feed into QuickBooks differently, but we understand that this is an early feature and hope it is further developed in the future.
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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
BILL
The Divvy card provides convenience and flexibility for Finance to manage and monitor each user's transactions at any time. User can issue many virtual cards for different purposes. Transactions can be easily approved. Since we can monitor transaction closely, fraud can be prevented effectively. Mobile app is user friendly and safe.
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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
BILL
We have enjoyed using Divvy and its functions. The Divvy team has been great, and their support team is outstanding. They have a chatbox on the platform, and they only seem to be someone on call. I have found its benefits to be outstanding, that I recommend it to my clients. I also feel that Divvy rolling out new features only makes it more compelling to stay on as a user.
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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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Alternatives Considered
BILL
Nothing out there compares to the agility and ease of use of Divvy. Adoption by those most resistant to any expense reporting tool has always been the #1 painpoint to all other such software. Divvy takes the pain away even for creatives and salespeople!
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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
BILL
  • Divvy is free, so it was tough for us to turn down. We decided to withhold our larger transactions from Divvy to receive those rewards directly.
  • Divvy has saved our Finance/Accounting team tons of time digging through expenses, reimbursements, invoices, etc.
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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

BILL Spend & Expense Screenshots

Screenshot of Company Dashboard - High level overview of a business's available credit and current spending.Screenshot of Mobile Wallet - Spend Smarter™ - To manage budgets and expenses on the goScreenshot of Budget Detail - For monitoring business budgetsScreenshot of Insights - Real-time visibilityScreenshot of Transactions - Displays a complete list of all transactions and their current status on a business's physical and virtual cards.

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis