Catalyst, by EBM Software vs. Workday Financial Management

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 Financial Management
Score 7.5 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
Catalyst, by EBM SoftwareWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Catalyst, by EBM SoftwareWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional DetailsFlexible and tiered pricing structures available - monthly, 1-3-5- contracts, and more
More Pricing Information
Community Pulse
Catalyst, by EBM SoftwareWorkday Financial Management
Top Pros
Top Cons
Features
Catalyst, by EBM SoftwareWorkday Financial Management
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Catalyst, by EBM Software
7.1
2 Ratings
14% below category average
Workday Financial Management
-
Ratings
Customizable dashboards7.12 Ratings00 Ratings
Report Formatting Templates7.12 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Catalyst, by EBM Software
7.7
2 Ratings
9% below category average
Workday Financial Management
-
Ratings
Drill-down analysis7.12 Ratings00 Ratings
Formatting capabilities8.02 Ratings00 Ratings
Report sharing and collaboration8.02 Ratings00 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
3% below category average
Workday Financial Management
-
Ratings
Publish to PDF7.92 Ratings00 Ratings
Report Delivery Scheduling8.01 Ratings00 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
1% above category average
Workday Financial Management
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)8.01 Ratings00 Ratings
Location Analytics / Geographic Visualization7.01 Ratings00 Ratings
Predictive Analytics8.01 Ratings00 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
9% below category average
Workday Financial Management
-
Ratings
Multi-User Support (named login)8.02 Ratings00 Ratings
Role-Based Security Model8.02 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.02 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Catalyst, by EBM Software
8.0
2 Ratings
2% above category average
Workday Financial Management
-
Ratings
Responsive Design for Web Access8.02 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile8.02 Ratings00 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
6% below category average
Workday Financial Management
-
Ratings
Long-term financial planning7.01 Ratings00 Ratings
Financial budgeting8.01 Ratings00 Ratings
Forecasting8.01 Ratings00 Ratings
Scenario modeling8.01 Ratings00 Ratings
Management reporting8.92 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Catalyst, by EBM Software
7.2
1 Ratings
14% below category average
Workday Financial Management
-
Ratings
Financial data consolidation9.01 Ratings00 Ratings
Journal entries and reports8.01 Ratings00 Ratings
Multi-currency management6.01 Ratings00 Ratings
Intercompany Eliminations5.01 Ratings00 Ratings
Minority Ownership7.01 Ratings00 Ratings
Local and consolidated reporting8.01 Ratings00 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
5% below category average
Workday Financial Management
-
Ratings
Financial Statement Reporting8.01 Ratings00 Ratings
Management Reporting9.01 Ratings00 Ratings
Excel-based Reporting7.01 Ratings00 Ratings
Automated board and financial reporting8.01 Ratings00 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 Financial Management
-
Ratings
Personalized dashboards7.12 Ratings00 Ratings
Color-coded scorecards6.01 Ratings00 Ratings
KPIs7.01 Ratings00 Ratings
Cost and profitability analysis8.01 Ratings00 Ratings
Key Performance Indicator setting8.01 Ratings00 Ratings
Benchmarking with external data7.01 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Catalyst, by EBM Software
7.4
2 Ratings
14% below category average
Workday Financial Management
-
Ratings
Flat file integration8.01 Ratings00 Ratings
Excel data integration7.12 Ratings00 Ratings
Direct links to 3rd-party data sources7.12 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
8.1
4 Ratings
10% above category average
Pay calculation00 Ratings8.04 Ratings
Benefit plan administration00 Ratings8.04 Ratings
Direct deposit files00 Ratings8.54 Ratings
Customization
Comparison of Customization features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
8.8
5 Ratings
19% above category average
API for custom integration00 Ratings8.74 Ratings
Plug-ins00 Ratings9.04 Ratings
Security
Comparison of Security features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
9.2
6 Ratings
11% above category average
Single sign-on capability00 Ratings9.56 Ratings
Role-based user permissions00 Ratings9.05 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
8.9
7 Ratings
20% above category average
Dashboards00 Ratings9.07 Ratings
Standard reports00 Ratings8.87 Ratings
Custom reports00 Ratings9.07 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
7.9
7 Ratings
3% above category average
Accounts payable00 Ratings7.04 Ratings
Accounts receivable00 Ratings7.04 Ratings
Global Financial Support00 Ratings8.35 Ratings
Primary and Secondary Ledgers00 Ratings8.35 Ratings
Journals and Reconciliations00 Ratings6.54 Ratings
Configurable Accounting00 Ratings9.06 Ratings
Standardized Processes00 Ratings8.56 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
9.0
1 Ratings
12% above category average
Inventory tracking00 Ratings9.01 Ratings
Automatic reordering00 Ratings9.01 Ratings
Location management00 Ratings9.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
8.5
3 Ratings
9% above category average
Credit card processing00 Ratings8.53 Ratings
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Catalyst, by EBM SoftwareWorkday Financial Management
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Score 8.7 out of 10
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Score 8.8 out of 10
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Score 9.1 out of 10
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Score 8.6 out of 10
Enterprises
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Score 9.1 out of 10
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User Ratings
Catalyst, by EBM SoftwareWorkday Financial Management
Likelihood to Recommend
7.9
(2 ratings)
8.3
(7 ratings)
Usability
8.8
(2 ratings)
7.8
(4 ratings)
Support Rating
7.8
(2 ratings)
8.5
(4 ratings)
User Testimonials
Catalyst, by EBM SoftwareWorkday Financial Management
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.
Read full review
Workday
Financial reporting is sometimes tricky in our field because
some oil and gas fields are depleted, and the standard methods of activating
abandoned oil wells will have high-cost variability. Therefore, in this scenario, Workday Financial Management made internal financial reporting statements pretty seamless, where initial
bid and field cost can be incorporated very easily in an asset-wise manner.
Also, cloud-based sharing was never a problem, and our lease operators never had
a problem understanding which reports belong to which asset.
Read full review
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.
Read full review
Workday
  • Workday is very organized and user friendly. I haven't heard this from any of my co workers that they faced a hard time navigating around or getting technical support.
  • The platform offers variety of options for the company to offer to their employees. This includes easy access to their time off balance, hours they have worked, and accessing pay stubs any time.
  • One of the biggest thing I notice on a lot of technical platforms is that they don't notify their users of any updates they may be making on their website but workday does a great job of notifying its user way ahead of time of any updates they may be doing
Read full review
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
  • We were surprised by the lack of user guides and supporting information for day-to-day users. Granted, we could find this, but our users like guides.
  • The system could improve with contact help and chat functions if you need the answers quickly. We figured this would all have been built in.
  • Quite surprised by the lack of treasury management functionality. SAP and Oracle have it, although their modules are not that comprehensive or user friendly.
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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.
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.
Read full review
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
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.
Read full review
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
I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it!
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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.
Read full review
Workday
  • Quick and non-glitchy financial reporting.
  • As more people use it, inter-department talks are always there as HR and Project managers are talking about the same software.
  • The disturbance in service is no longer the problem as It integrates the three different sectors of financial reporting.
Read full review
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