Ridder iQ vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Ridder iQ
Score 8.1 out of 10
N/A
Ridder iQ is a manufacturing ERP, from ECI Software Solutions. Ridder iQ includes customer relationship management functionality that is fully integrated, and includes an integration with Outlook for email.N/A
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
Ridder iQWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Ridder iQWorkday 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
Ridder iQWorkday Financial Management
Features
Ridder iQWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Ridder iQ
6.0
18 Ratings
22% below category average
Workday Financial Management
8.1
19 Ratings
8% above category average
API for custom integration6.117 Ratings8.516 Ratings
Plug-ins5.915 Ratings7.718 Ratings
Security
Comparison of Security features of Product A and Product B
Ridder iQ
8.1
20 Ratings
3% below category average
Workday Financial Management
8.9
24 Ratings
7% above category average
Single sign-on capability7.817 Ratings9.024 Ratings
Role-based user permissions8.419 Ratings8.822 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Ridder iQ
7.4
19 Ratings
1% above category average
Workday Financial Management
8.0
26 Ratings
9% above category average
Dashboards7.117 Ratings7.926 Ratings
Standard reports6.618 Ratings8.123 Ratings
Custom reports8.518 Ratings7.921 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Ridder iQ
6.5
18 Ratings
17% below category average
Workday Financial Management
7.8
22 Ratings
2% above category average
Accounts payable6.818 Ratings7.617 Ratings
Accounts receivable6.918 Ratings7.417 Ratings
Global Financial Support6.012 Ratings7.418 Ratings
Primary and Secondary Ledgers6.211 Ratings7.418 Ratings
Journals and Reconciliations6.714 Ratings7.715 Ratings
Configurable Accounting6.414 Ratings7.418 Ratings
Standardized Processes6.314 Ratings8.019 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Ridder iQ
6.2
16 Ratings
24% below category average
Workday Financial Management
7.3
10 Ratings
8% below category average
Inventory tracking6.316 Ratings7.610 Ratings
Automatic reordering7.214 Ratings7.410 Ratings
Location management5.313 Ratings6.89 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Ridder iQ
7.7
20 Ratings
1% below category average
Workday Financial Management
7.1
10 Ratings
10% below category average
Pricing8.020 Ratings00 Ratings
Order entry7.819 Ratings00 Ratings
Cost of goods sold7.320 Ratings00 Ratings
Order Orchestration7.618 Ratings00 Ratings
Credit card processing00 Ratings7.110 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Ridder iQ
5.6
16 Ratings
28% below category average
Workday Financial Management
-
Ratings
Billing Management7.516 Ratings00 Ratings
Cash and Asset Management6.114 Ratings00 Ratings
Travel & Expense Management4.28 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting4.712 Ratings00 Ratings
Period Close5.614 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Ridder iQ
5.6
13 Ratings
22% below category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling5.013 Ratings00 Ratings
Task Insight for Project Managers6.112 Ratings00 Ratings
Definable Resource Pools5.612 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Ridder iQ
5.4
16 Ratings
25% below category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared5.210 Ratings00 Ratings
Contract Authoring5.18 Ratings00 Ratings
Contract Repository4.97 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated5.810 Ratings00 Ratings
Supplier Management6.016 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Ridder iQ
5.1
7 Ratings
25% below category average
Workday Financial Management
-
Ratings
Risk Repository4.95 Ratings00 Ratings
Control Management5.35 Ratings00 Ratings
Control Efficiency Assessments5.54 Ratings00 Ratings
Issue Detection4.77 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Ridder iQ
6.4
13 Ratings
6% below category average
Workday Financial Management
-
Ratings
Transportation Execution Management6.412 Ratings00 Ratings
Trade and Customs Management6.312 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Ridder iQ
7.7
19 Ratings
4% above category average
Workday Financial Management
-
Ratings
Production Process Design8.116 Ratings00 Ratings
Production Management7.517 Ratings00 Ratings
Configuration Management8.117 Ratings00 Ratings
Work Execution7.617 Ratings00 Ratings
Manufacturing Costs7.317 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Ridder iQ
6.2
16 Ratings
14% below category average
Workday Financial Management
-
Ratings
Forecasting6.213 Ratings00 Ratings
Inventory Planning6.516 Ratings00 Ratings
Performance Monitoring6.015 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Ridder iQ
5.4
11 Ratings
29% below category average
Workday Financial Management
-
Ratings
Proposal Management5.110 Ratings00 Ratings
Product Master Data Management5.611 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Ridder iQ
-
Ratings
Workday Financial Management
8.1
22 Ratings
10% above category average
Pay calculation00 Ratings8.322 Ratings
Benefit plan administration00 Ratings8.119 Ratings
Direct deposit files00 Ratings8.119 Ratings
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User Ratings
Ridder iQWorkday Financial Management
Likelihood to Recommend
8.0
(24 ratings)
8.5
(26 ratings)
Likelihood to Renew
6.4
(1 ratings)
9.0
(1 ratings)
Usability
7.0
(8 ratings)
9.1
(9 ratings)
Support Rating
6.0
(1 ratings)
10.0
(5 ratings)
Implementation Rating
5.0
(1 ratings)
-
(0 ratings)
User Testimonials
Ridder iQWorkday Financial Management
Likelihood to Recommend
ECI Software Solutions
The best in the complete production process. It provides the correct info in a very usable way. It is pretty good in sales, but the lack of discounts for sales goods and sales production is not ideal. On the other hand, ECI provides an excellent service for looking for custom solutions where we need them. Dutch Translation: De beste in het complete productieproces. Het biedt de juiste informatie op een zeer bruikbare manier. Het is redelijk goed in de verkoop, maar het gebrek aan kortingen op verkoopartikelen en verkoopproductie is niet ideaal. Aan de andere kant biedt ECI een uitstekende service bij het zoeken naar maatwerkoplossingen waar we die nodig hebben. This review was originally written in English and has been translated into Dutch using a third-party translation tool. While we strive for accuracy, some nuances or meanings may not be perfectly captured.
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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
ECI Software Solutions
  • Customization of layouts
  • Reporting module, create Custom Reports for all use cases and if needed relation specific
  • Item factor conversion for purchase/sales/WIP using Weight and Length in all directions
  • Aanpassing van lay-outs
  • Rapportagemodule, maak aangepaste rapporten voor alle use cases en indien nodig relatiespecifieke rapporten
  • Conversie van artikelfactoren voor aankoop/verkoop/WIP met gebruik van gewicht en lengte in alle richtingen
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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
ECI Software Solutions
  • Ridder iQ misses graphical workflow and blocks designer
  • Adaptions to rights in iQ can be difficult and time consuming
  • Ridder iQ is unfortunately still not webbased
  • Ridder iQ is fortunately developping api endpoints but this is still not completed.
  • The no/low code functionality can be extended
  • Ridder iQ mist grafische workflow en blokkeert ontwerper
  • Aanpassingen aan rechten in iQ kunnen moeilijk en tijdrovend zijn
  • Ridder iQ is helaas nog steeds niet webgebaseerd
  • Ridder iQ is gelukkig bezig met de ontwikkeling van API-eindpunten, maar deze zijn nog niet afgerond.
  • De no/low-code functionaliteit kan worden uitgebreid
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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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Likelihood to Renew
ECI Software Solutions
Its nice software but it is very, very slow in webification and integration possibilities by using api's. Untill now the programm has client-server technology unfortunately. And there are far too less no code adjustments possible.
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Workday
No answers on this topic
Usability
ECI Software Solutions
The working environment can be perfectly designed for every user and department, which makes the user-friendliness very good. Adding columns, formatting tables can all be customized to the user. Dutch Translation: De werkomgeving is perfect in te richten voor elke gebruiker en afdeling, wat de gebruiksvriendelijkheid zeer hoog maakt. Het toevoegen van kolommen en het opmaken van tabellen is allemaal aanpasbaar aan de gebruiker.
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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
ECI Software Solutions
Expert level of the support engineers is adequate. However in our opinion it does take a fair amount of time to respond
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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
ECI Software Solutions
I didn't work here yet at the time of the implementation
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Workday
No answers on this topic
Alternatives Considered
ECI Software Solutions
Ridder iQ is specialized for our business and has people who bring a lot of knowledge to the table, so Ridder iQ is far more suited than a ERP solution which is not specilized in the make-industry. Furthermore, the customizability of Ridder stands out compared to solutions like ISAH. Therefore, the choice was an easy one, because knowledge and customizability are important criteria. Dutch Translation: Ridder iQ is gespecialiseerd in onze branche en heeft mensen met veel kennis in huis. Ridder iQ is daarom veel geschikter dan een ERP-oplossing, die niet gespecialiseerd is in de maakindustrie. Bovendien onderscheidt Ridder iQ zich qua aanpasbaarheid ten opzichte van oplossingen zoals ISAH. De keuze was dan ook snel gemaakt, want kennis en aanpasbaarheid zijn belangrijke criteria.
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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
ECI Software Solutions
  • The implementation process is well managed by Ridder iQ employees.
  • After going live, our main processes were just slightly affected, no significant delays occurred.
  • Het implementatieproces wordt goed begeleid door de medewerkers van Ridder iQ.
  • Nadat we live gingen, ondervonden onze belangrijkste processen slechts lichte hinder; er deden zich geen noemenswaardige vertragingen voor.
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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

Ridder iQ Screenshots

Screenshot of Ridder IQ combines the knowledge and practical experience gained since 1982 and is built on the latest software techniques such as .NET, C# and Microsoft SQL.Screenshot of Ridder IQ includes a complete CRM system with integration to Exchange and Outlook, purchase, sales, stock and time administration, as well as document management systems, integrated report designer and an authorization system.

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis