Spruce vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Spruce
Score 8.4 out of 10
N/A
Spruce is an end-to-end business management software that allows lumber, home, and building supply businesses to manage purchasing, inventory, ecommerce, documentation, delivery, accounting, and sales analytics all within a single system for increased efficiency and profitability.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
SpruceWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
SpruceWorkday 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
SpruceWorkday Financial Management
Features
SpruceWorkday Financial Management
Security
Comparison of Security features of Product A and Product B
Spruce
8.7
4 Ratings
4% above category average
Workday Financial Management
8.9
24 Ratings
7% above category average
Role-based user permissions8.74 Ratings8.822 Ratings
Single sign-on capability00 Ratings9.024 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Spruce
6.6
4 Ratings
10% below category average
Workday Financial Management
8.0
26 Ratings
9% above category average
Dashboards5.92 Ratings7.926 Ratings
Standard reports7.14 Ratings8.123 Ratings
Custom reports6.84 Ratings7.921 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Spruce
8.2
5 Ratings
7% above category average
Workday Financial Management
7.8
22 Ratings
2% above category average
Accounts payable8.54 Ratings7.617 Ratings
Accounts receivable8.15 Ratings7.417 Ratings
Journals and Reconciliations7.75 Ratings7.615 Ratings
Configurable Accounting9.02 Ratings7.418 Ratings
Standardized Processes7.64 Ratings8.019 Ratings
Global Financial Support00 Ratings7.318 Ratings
Primary and Secondary Ledgers00 Ratings7.418 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Spruce
6.2
4 Ratings
24% below category average
Workday Financial Management
7.2
10 Ratings
9% below category average
Inventory tracking8.54 Ratings7.610 Ratings
Automatic reordering4.52 Ratings7.410 Ratings
Location management5.72 Ratings6.89 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Spruce
8.4
4 Ratings
7% above category average
Workday Financial Management
7.1
10 Ratings
9% below category average
Pricing7.64 Ratings00 Ratings
Order entry8.74 Ratings00 Ratings
Credit card processing7.92 Ratings7.110 Ratings
Cost of goods sold7.83 Ratings00 Ratings
Order Orchestration10.01 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Spruce
8.2
4 Ratings
10% above category average
Workday Financial Management
-
Ratings
Billing Management8.14 Ratings00 Ratings
Cash and Asset Management8.03 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting8.02 Ratings00 Ratings
Period Close8.63 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Spruce
7.5
1 Ratings
7% above category average
Workday Financial Management
-
Ratings
Task Insight for Project Managers8.01 Ratings00 Ratings
Project Mobile Functionality7.01 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Spruce
5.0
1 Ratings
33% below category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared6.01 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated4.01 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Spruce
7.0
2 Ratings
5% below category average
Workday Financial Management
-
Ratings
Configuration Management7.52 Ratings00 Ratings
Work Execution6.52 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Spruce
5.2
2 Ratings
32% below category average
Workday Financial Management
-
Ratings
Inventory Planning5.22 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Spruce
8.0
1 Ratings
10% above category average
Workday Financial Management
-
Ratings
Product Master Data Management8.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Spruce
-
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
Customization
Comparison of Customization features of Product A and Product B
Spruce
-
Ratings
Workday Financial Management
8.1
19 Ratings
8% above category average
API for custom integration00 Ratings8.516 Ratings
Plug-ins00 Ratings7.718 Ratings
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User Ratings
SpruceWorkday Financial Management
Likelihood to Recommend
8.2
(5 ratings)
8.5
(26 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.1
(9 ratings)
Availability
8.7
(5 ratings)
-
(0 ratings)
Support Rating
-
(0 ratings)
10.0
(5 ratings)
User Testimonials
SpruceWorkday Financial Management
Likelihood to Recommend
ECI Software Solutions
I think my single most surprising and satisfying experience with ECI and its RockSolid Maxx and then Spruce products was the ease of implementation and rollout -- both on the hardware and software side. ECI seems to have mastered the idea of using an integrated team along with robust tutorials to make that process easy.
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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
  • lumber management.
  • purchasing and receiving.
  • Cloud based.
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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
  • Point of sales
  • P&L usability
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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
No answers on this topic
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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Reliability and Availability
ECI Software Solutions
For the most part when there is internet, we are able to log in and proceed to do our daily tasks which is very helpful, but we have also encountered a glitch on our laptop that we use to do inventory that switches to the last branch that was used. This, in combination with Spruce logging out of the remote connection daily, can cause issues if the person accessing Spruce does not have the remote connection password.
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Workday
No answers on this topic
Support Rating
ECI Software Solutions
No answers on this topic
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
ECI Software Solutions
Spruce is possibly just above average. Not super impressed with usability and especially not impressed with tech support who is rarely able to answer questions on the first call.
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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
  • With $13 million in gross and 40 employees I'm able to run a full back office with a staff of two. In today's tight labor market that is invaluable.
  • Being able to implement Spruce with almost no upgrading or replacement of existing computer hardware represented a huge cost savings to us. I'm not even sure what dollar amount I could attach to that.
  • Dealing with both a wholesale and retail customers requires that we provide different levels and kinds of reporting and documentation. Spruce has made it easy to respond to the different demands that those customers place upon us.
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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

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis