Red Falcon vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Red Falcon
Score 7.5 out of 10
N/A
Red Falcon is an integrated business management system and eCommerce platform, designed to make the supplier ordering process simpler with integrations that allow users to submit accurate orders electronically, receive acknowledgments, and manage complex jobs. The software automatically connects with major wholesalers and vendors to help users handle products and pricing updates.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
Red FalconWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Red FalconWorkday 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
Red FalconWorkday Financial Management
Features
Red FalconWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Red Falcon
6.8
8 Ratings
9% below category average
Workday Financial Management
8.1
19 Ratings
8% above category average
API for custom integration7.68 Ratings8.516 Ratings
Plug-ins6.06 Ratings7.718 Ratings
Security
Comparison of Security features of Product A and Product B
Red Falcon
7.4
11 Ratings
12% below category average
Workday Financial Management
8.9
24 Ratings
7% above category average
Role-based user permissions7.411 Ratings8.822 Ratings
Single sign-on capability00 Ratings9.024 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Red Falcon
6.5
12 Ratings
12% below category average
Workday Financial Management
8.0
26 Ratings
9% above category average
Dashboards6.612 Ratings7.926 Ratings
Standard reports6.411 Ratings8.123 Ratings
Custom reports00 Ratings7.921 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Red Falcon
6.9
12 Ratings
12% below category average
Workday Financial Management
7.1
10 Ratings
10% below category average
Pricing6.412 Ratings00 Ratings
Order entry7.412 Ratings00 Ratings
Credit card processing6.79 Ratings7.110 Ratings
Order Orchestration7.011 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Red Falcon
-
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
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Red Falcon
-
Ratings
Workday Financial Management
7.8
22 Ratings
2% above category average
Accounts payable00 Ratings7.717 Ratings
Accounts receivable00 Ratings7.417 Ratings
Global Financial Support00 Ratings7.418 Ratings
Primary and Secondary Ledgers00 Ratings7.418 Ratings
Journals and Reconciliations00 Ratings7.715 Ratings
Configurable Accounting00 Ratings7.418 Ratings
Standardized Processes00 Ratings8.019 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Red Falcon
-
Ratings
Workday Financial Management
7.3
10 Ratings
8% below category average
Inventory tracking00 Ratings7.610 Ratings
Automatic reordering00 Ratings7.410 Ratings
Location management00 Ratings6.89 Ratings
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Red FalconWorkday Financial Management
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User Ratings
Red FalconWorkday Financial Management
Likelihood to Recommend
7.3
(13 ratings)
8.5
(26 ratings)
Likelihood to Renew
6.4
(1 ratings)
9.0
(1 ratings)
Usability
6.1
(2 ratings)
9.1
(9 ratings)
Support Rating
8.2
(1 ratings)
10.0
(5 ratings)
Implementation Rating
2.7
(1 ratings)
-
(0 ratings)
User Testimonials
Red FalconWorkday Financial Management
Likelihood to Recommend
ECI Software Solutions
We like the fact that we are able to offer our customers a professional online presence so that we can compete with the big box stores and the Amazon's of the Office Supply world. I like being able to log into the back office to see our respective pricing from both SP Richards and Essendant.
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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
  • There is good training and support to help learn the product
  • Makes it easy for staff to manage inventory and see what we have in stock for hardware and computers.
  • Integrates with many of the Wholesalers we use right out of the box.
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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
  • Would like to be able to print only unprinted orders in packing slips.
  • More reporting options within Red Falcon.
  • Would like to be able to search by order number under customer order history.
  • Be able to do recurring orders on the back end for MISC items.
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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
ECI Software Solutions
I feel there is a lot of clicking around to get what you need.
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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
Support is great at taking care of our questions and issues.
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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
The instructors were patient and kind but the overall implementation seemed cumbersome and lengthy.
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Workday
No answers on this topic
Alternatives Considered
ECI Software Solutions
We did a quick review of other companies but went with Red Falcon as we knew someone else who used and was happy with their service offerings Red Falcon does seem to be expensive but it was a little hard to compare as we did not compare all the specific pricing for other competitors Again, we mainly went with Red Falcon through word of mouth
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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
  • Red Falcon's integration with e-auto is a tremendous time and money saver on the admin side of things!
  • The overall cost of Red Falcon is a bit pricey so the ROI really depends on how much e-commerce business that can be ran thru it.
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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

Red Falcon Screenshots

Screenshot of Dashboards available in Red FalconScreenshot of the retail app for Red FalconScreenshot of Pending Orders in Red Falcon

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis