Catalyst, by EBM Software vs. Workday Adaptive Planning

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Catalyst, by EBM Software
Score 7.8 out of 10
N/A
Catalyst from EBM Software in Minneapolis is a cloud-based business performance application suite, designed to provide an environment and workflow for understanding business profitability.N/A
Workday Adaptive Planning
Score 7.8 out of 10
Mid-Size Companies (51-1,000 employees)
Workday Adaptive Planning(formerly Adaptive Insights) is a financial planning and reporting tool. It includes automated budgeting and forecasting, financial reporting, and other active planning capabilities, including integrations with third-party products like Salesforce.N/A
Pricing
Catalyst, by EBM SoftwareWorkday Adaptive Planning
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Catalyst, by EBM SoftwareWorkday Adaptive Planning
Free Trial
YesYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeOptionalOptional
Additional DetailsFlexible and tiered pricing structures available - monthly, 1-3-5- contracts, and more
More Pricing Information
Community Pulse
Catalyst, by EBM SoftwareWorkday Adaptive Planning
Features
Catalyst, by EBM SoftwareWorkday Adaptive Planning
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Catalyst, by EBM Software
7.1
2 Ratings
7% below category average
Workday Adaptive Planning
9.3
1 Ratings
20% above category average
Customizable dashboards7.12 Ratings10.01 Ratings
Report Formatting Templates7.12 Ratings9.01 Ratings
Pixel Perfect reports00 Ratings9.01 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Catalyst, by EBM Software
7.7
2 Ratings
3% below category average
Workday Adaptive Planning
8.0
1 Ratings
0% above category average
Drill-down analysis7.12 Ratings9.01 Ratings
Formatting capabilities8.02 Ratings7.01 Ratings
Report sharing and collaboration8.02 Ratings8.01 Ratings
Integration with R or other statistical packages00 Ratings8.01 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Catalyst, by EBM Software
8.0
2 Ratings
1% below category average
Workday Adaptive Planning
8.0
1 Ratings
1% below category average
Publish to PDF7.92 Ratings8.01 Ratings
Report Delivery Scheduling8.01 Ratings8.01 Ratings
Report Versioning00 Ratings8.01 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Catalyst, by EBM Software
7.7
1 Ratings
2% above category average
Workday Adaptive Planning
7.7
1 Ratings
2% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)8.01 Ratings7.01 Ratings
Location Analytics / Geographic Visualization7.01 Ratings8.01 Ratings
Predictive Analytics8.01 Ratings8.01 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Catalyst, by EBM Software
8.0
2 Ratings
6% below category average
Workday Adaptive Planning
9.0
1 Ratings
5% above category average
Multi-User Support (named login)8.02 Ratings9.01 Ratings
Role-Based Security Model8.02 Ratings9.01 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.02 Ratings9.01 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Catalyst, by EBM Software
8.0
2 Ratings
3% above category average
Workday Adaptive Planning
8.5
1 Ratings
9% above category average
Responsive Design for Web Access8.02 Ratings8.01 Ratings
Dashboard / Report / Visualization Interactivity on Mobile8.02 Ratings10.01 Ratings
Mobile Application00 Ratings8.01 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Catalyst, by EBM Software
8.0
2 Ratings
1% below category average
Workday Adaptive Planning
8.8
189 Ratings
8% above category average
Long-term financial planning7.01 Ratings8.7175 Ratings
Financial budgeting8.01 Ratings9.4186 Ratings
Forecasting8.01 Ratings8.7181 Ratings
Scenario modeling8.01 Ratings8.2171 Ratings
Management reporting8.92 Ratings9.1186 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Catalyst, by EBM Software
7.2
1 Ratings
8% below category average
Workday Adaptive Planning
6.9
154 Ratings
13% below category average
Financial data consolidation9.01 Ratings6.4116 Ratings
Journal entries and reports8.01 Ratings7.177 Ratings
Multi-currency management6.01 Ratings6.288 Ratings
Intercompany Eliminations5.01 Ratings6.269 Ratings
Minority Ownership7.01 Ratings5.440 Ratings
Local and consolidated reporting8.01 Ratings9.2102 Ratings
Detailed Audit Trails00 Ratings7.9129 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Catalyst, by EBM Software
8.0
1 Ratings
1% above category average
Workday Adaptive Planning
8.0
177 Ratings
1% above category average
Financial Statement Reporting8.01 Ratings8.3156 Ratings
Management Reporting9.01 Ratings8.8172 Ratings
Excel-based Reporting7.01 Ratings8.2171 Ratings
Automated board and financial reporting8.01 Ratings8.9148 Ratings
XBRL support for regulatory filing00 Ratings6.029 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Catalyst, by EBM Software
7.2
2 Ratings
11% below category average
Workday Adaptive Planning
8.2
146 Ratings
2% above category average
Personalized dashboards7.12 Ratings7.9128 Ratings
Color-coded scorecards6.01 Ratings8.5107 Ratings
KPIs7.01 Ratings8.5119 Ratings
Cost and profitability analysis8.01 Ratings7.8121 Ratings
Key Performance Indicator setting8.01 Ratings8.7103 Ratings
Benchmarking with external data7.01 Ratings7.671 Ratings
Integration
Comparison of Integration features of Product A and Product B
Catalyst, by EBM Software
7.4
2 Ratings
10% below category average
Workday Adaptive Planning
8.6
167 Ratings
5% above category average
Flat file integration8.01 Ratings8.8130 Ratings
Excel data integration7.12 Ratings8.5160 Ratings
Direct links to 3rd-party data sources7.12 Ratings8.3120 Ratings
Best Alternatives
Catalyst, by EBM SoftwareWorkday Adaptive Planning
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
Centage
Centage
Score 9.5 out of 10
Centage
Centage
Score 9.5 out of 10
Enterprises
Prophix
Prophix
Score 8.8 out of 10
Prophix
Prophix
Score 8.8 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Catalyst, by EBM SoftwareWorkday Adaptive Planning
Likelihood to Recommend
7.9
(2 ratings)
8.6
(218 ratings)
Likelihood to Renew
-
(0 ratings)
7.6
(43 ratings)
Usability
8.8
(2 ratings)
8.6
(124 ratings)
Availability
-
(0 ratings)
7.3
(11 ratings)
Performance
-
(0 ratings)
9.1
(5 ratings)
Support Rating
7.8
(2 ratings)
8.2
(33 ratings)
In-Person Training
-
(0 ratings)
8.2
(2 ratings)
Online Training
-
(0 ratings)
7.3
(9 ratings)
Implementation Rating
-
(0 ratings)
8.9
(27 ratings)
Configurability
-
(0 ratings)
8.2
(5 ratings)
Contract Terms and Pricing Model
-
(0 ratings)
7.3
(1 ratings)
Ease of integration
-
(0 ratings)
7.5
(8 ratings)
Product Scalability
-
(0 ratings)
8.3
(12 ratings)
Professional Services
-
(0 ratings)
8.2
(1 ratings)
Vendor post-sale
-
(0 ratings)
8.2
(4 ratings)
Vendor pre-sale
-
(0 ratings)
6.4
(4 ratings)
User Testimonials
Catalyst, by EBM SoftwareWorkday Adaptive Planning
Likelihood to Recommend
EBM Software
[Catalyst, by EBM Software] is well suited to track invoices from vendors to get them paid on time to avoid late fees. [Catalyst, by EBM Software] is less appropriate when paying vendor because that is not a function they currently have. If the system was an all in one system that could track and pay your invoices it would be an amazing software.
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Workday
In a previous company, I was hired based on my experience with Workday Adaptive Planning. After being hired and reviewing the company, I quickly determined they were not large of enough of a company to need the program. Instead, we made better Excel budget templates, utilized OneDrive and created a better experience without the cost. Left the job after 9 months because I worked my way out of the position. My next role I looked for bigger companies and had better success with implementation.
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Pros
EBM Software
  • The GUI is easy to navigate on the iPad mini, which we use for charting.
  • The options are simple so there is very little room for mistakes.
  • Charting is easy and the setup allows for necessary fields that must be completed so charting stays uniform.
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Workday
  • It helps create dynamic plans for finances, operations and various functional units in an organization all under one platform
  • It helps in scenario modeling to help analyze various business events and report by any number of business dimensions including channel, customer or product
  • It can be integrated with any system including ERP, BI or CRM
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Cons
EBM Software
  • The browser closes unexpectedly at times when refreshing the page and you get logged out
  • The incorrect vendor is chosen by Catalyst a few times
  • The Catalyst file is occasionally not placed on time in the folder
Read full review
Workday
  • Web reports and sheets are not great for in-depth reporting, and require the use of the OfficeConnect for Excel plugin and, therefore, the use of Excel for extensive reporting capabilities.
  • It has limited formula functionality in some instances, requiring again the use of OfficeConnect for Excel for extensive calculations.
  • I would like to see new planning sheet types or upgrades to existing sheet types; functionality has been the same for over 10 years.
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Likelihood to Renew
EBM Software
No answers on this topic
Workday
For one we're in way too deep to not move forward with Adaptive. We're integrated with Workday, we do a ton of reporting with Adaptive, and it's working very well for planning and forecasting. No reason to look back or change course.
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Usability
EBM Software
Well.... when it works... it's good. When it doesn't it is very frustrating for our staff.
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Workday
Workday Adaptive Planning has detailed online help with both articles and videos that are comprehensive. It has a lot of similarities to Excel, which most finance people are already familiar with, plus the user interface is intuitive and easy to pick up. The online support team is quick to respond and very knowledgeable.
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Reliability and Availability
EBM Software
No answers on this topic
Workday
There haven't been any lately. The only one issue I can think of is when there was an update in Adaptive that altered our reports. Before I realized there was an issue, Adaptive reached out to let me know, so that it could be fixed.
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Performance
EBM Software
No answers on this topic
Workday
All aspects of Adaptive Insights perform well. One area that I wish was quicker was integration. When importing data from Intacct our accounting ERP platform, it can sometimes take 4 hours for the import to process. The earlier imports are done, the quicker they complete. My estimate for a quick upload is about two hours.
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Support Rating
EBM Software
The support for Catalyst is great and they are usually within the 48 hour response time. There could be a little quicker upload time for invoices that are submitted. They usually show up until the next day on the system and sometimes gives us a stress on time. Overall, the support is quite good
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Workday
Whenever we have had any questions, issues, or concerns, the support has been quick and thorough. [This] allow[s] us to be able to fully resolve any issues, or be connected with the right group quickly to attain the result we were after; be it from simple formatting to adding new detailed reporting.
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In-Person Training
EBM Software
No answers on this topic
Workday
This was extremely helpful so that they could walk you through the model and teach you more about the complexity of various areas. It is most helpful when it is specific to your organization's model. The larger in-person trainings were helpful but they tended to be more generic and entry level. The trainings that are more tailored to your specific needs are the most helpful.
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Online Training
EBM Software
No answers on this topic
Workday
They often times tended to be way too generic or entry level. They would also become sales pitches to upgrade or get new Adaptive Planning products. The questions in the training would be very niche and specific to other organizations. They were rarely helpful to the group at large.
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Implementation Rating
EBM Software
No answers on this topic
Workday
Trust the expertise of very strong 3rd party implementers. Having deployed Adaptive at a separate company before, I thought I knew it all (hubris, I know). Fortunately, I began to (very quickly) trust the judgment of our Carlson implementation team, and they provided invaluable insights and best-in-class processes that have benefitted me and my team greatly.
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Alternatives Considered
EBM Software
[Catalyst, by EBM Software] is a very easy system to use and is very user friendly. It gives you different ways of researching an invoice and not just one. Catalyst also helps to allow us to research an invoice within seconds and eliminates a lengthy and confusing process. It is a great software for first time users to learn quickly and efficiently.
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Workday
Workday became our choice because it is fully web-based and easily integrates with other systems. The learning curve for Workday was shorter than that of Dynamics. The reporting tools in Workday are more user-friendly than that of Dynamics. However Workday did not have Check Printing tools which are available in Dynamics. The organization started a project to digitize all financial transactions so it was not a priority feature. When it comes to scaling up the functionalities of Workday it was much easier than Dynamics.
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Contract Terms and Pricing Model
EBM Software
No answers on this topic
Workday
Good read only seat access
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Scalability
EBM Software
No answers on this topic
Workday
We went from 2 users to 70+ users over a 2 year period of time. The application scaled wonderfully. 65 of those users were non-finance users so they were able to quickly learn the software and prepare budgets quickly and efficiently. That is the power of Adaptive and its ability to scale
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Professional Services
EBM Software
No answers on this topic
Workday
This is now available in house at Workday which is convenient.
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Return on Investment
EBM Software
  • Catalyst is better than pencil and paper data analysis. But the app can be very frustrating when it's not working the way it did last week.
  • The GUI is very simple. Sometimes too simple, like there is no way to go back in and edit SOAP note options.
  • New feature roll-outs are mandatory. I understand that no one would opt in to being the guinea pig, but it would be nice if you weren't the first user to try it.
  • The integration with billing software has streamlined the billing notes and saved us money over having two separate systems.
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Workday
  • It's facilitated a better financial literacy and management by the non-financial managers in the company, giving them a much better ability to see what they're spending, control it, and plan better in the future.
  • It's hard to quantify the ease of model and version management, but we could never do what we're doing now with our current staff. It would take a small army to replicate anything close to what Adaptive pulls off using Excel, if it's even possible.
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ScreenShots

Workday Adaptive Planning Screenshots

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