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Emburse Spend (formerly Abacus) vs. Workday Financial Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Emburse Spend (formerly Abacus)

    Score6 out of 10
    N/AEmburse Spend is a Spend Management platform for small and growing businesses that monitors and controls card purchases, employee reimbursements, receipts, approvals, and expense policies. It connects to supported existing corporate and business card programs, so finance teams can add spend controls without replacing their current cards. Emburse Spend replaces the former Emburse Abacus. Abacus was acquired by Emburse in 2020. That application's capabilities are now completely superseded by…

    $9

    per active user/per month

    Workday Financial Management

    Score8.3 out of 10
    N/AWorkday Financial Management is a cloud-based financial software platform built on an in-memory architecture and an object-oriented data model. The system unifies transaction processing, multidimensional reporting, and consolidation into a single environment accessible via web and mobile interfaces. Financial Operations and Automation The platform employs Artificial Intelligence (AI) models and specialized financial agents to manage core business cycles. These…N/A
    Pricing
    Emburse Spend (formerly Abacus)Workday Financial Management
    Editions & Modules
    Starter
    $9
    per active user/per month
    Professional
    Custom Pricing
    Enterprise
    Custom Pricing
    No answers on this topic
    Offerings
    Pricing Offerings
    Emburse Spend (formerly Abacus)Workday Financial Management
    Free Trial
    YesNo
    Free/Freemium Version
    YesNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    Emburse Spend (formerly Abacus)Workday Financial Management
    Considered Both Products
    Emburse
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    85%
    Would buy again
    11 Answers
    96%
    Would buy again
    23 Answers
    Delivers good value for the price
    89%
    Delivers good value for the price
    8 Answers
    95%
    Delivers good value for the price
    21 Answers
    Happy with the feature set
    92%
    Happy with the feature set
    12 Answers
    96%
    Happy with the feature set
    23 Answers
    Lived up to sales and marketing promises
    78%
    Lived up to sales and marketing promises
    7 Answers
    95%
    Lived up to sales and marketing promises
    19 Answers
    Implementation went as expected
    100%
    Implementation went as expected
    10 Answers
    89%
    Implementation went as expected
    17 Answers
    Features
    Emburse Spend (formerly Abacus)Workday Financial Management
    Payroll Management
    Comparison of Payroll Management features of Emburse Spend (formerly Abacus) and Workday Financial Management
    Feature
    Emburse Spend (formerly Abacus)
    -
    Ratings
    Workday Financial Management
    8.1
    23 Ratings
    7% above category average
    Pay calculation00 Ratings8.323 Ratings
    Benefit plan administration00 Ratings8.020 Ratings
    Direct deposit files00 Ratings8.220 Ratings
    Customization
    Comparison of Customization features of Emburse Spend (formerly Abacus) and Workday Financial Management
    Feature
    Emburse Spend (formerly Abacus)
    -
    Ratings
    Workday Financial Management
    8.1
    20 Ratings
    7% above category average
    API for custom integration00 Ratings8.517 Ratings
    Plug-ins00 Ratings7.819 Ratings
    Security
    Comparison of Security features of Emburse Spend (formerly Abacus) and Workday Financial Management
    Feature
    Emburse Spend (formerly Abacus)
    -
    Ratings
    Workday Financial Management
    9.0
    25 Ratings
    6% above category average
    Single sign-on capability00 Ratings9.225 Ratings
    Role-based user permissions00 Ratings8.823 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Emburse Spend (formerly Abacus) and Workday Financial Management
    Feature
    Emburse Spend (formerly Abacus)
    -
    Ratings
    Workday Financial Management
    8.0
    27 Ratings
    6% above category average
    Dashboards00 Ratings8.127 Ratings
    Standard reports00 Ratings7.924 Ratings
    Custom reports00 Ratings8.022 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Emburse Spend (formerly Abacus) and Workday Financial Management
    Feature
    Emburse Spend (formerly Abacus)
    -
    Ratings
    Workday Financial Management
    7.7
    23 Ratings
    0% below category average
    Accounts payable00 Ratings7.518 Ratings
    Accounts receivable00 Ratings6.918 Ratings
    Global Financial Support00 Ratings7.519 Ratings
    Primary and Secondary Ledgers00 Ratings7.319 Ratings
    Journals and Reconciliations00 Ratings7.716 Ratings
    Configurable Accounting00 Ratings7.719 Ratings
    Standardized Processes00 Ratings7.920 Ratings
    Inventory Management
    Comparison of Inventory Management features of Emburse Spend (formerly Abacus) and Workday Financial Management
    Feature
    Emburse Spend (formerly Abacus)
    -
    Ratings
    Workday Financial Management
    7.2
    11 Ratings
    10% below category average
    Inventory tracking00 Ratings7.611 Ratings
    Automatic reordering00 Ratings7.211 Ratings
    Location management00 Ratings6.810 Ratings
    Order Management
    Comparison of Order Management features of Emburse Spend (formerly Abacus) and Workday Financial Management
    Feature
    Emburse Spend (formerly Abacus)
    -
    Ratings
    Workday Financial Management
    7.2
    11 Ratings
    10% below category average
    Credit card processing00 Ratings7.211 Ratings
    Best Alternatives
    Emburse Spend (formerly Abacus)Workday Financial Management
    Small Businesses
    Brex
    Score9 out of 10
    Zoho One
    Score9.2 out of 10
    Medium-sized Companies
    Expensify
    Score9 out of 10
    Zoho One
    Score9.2 out of 10
    Enterprises
    Emburse Expense Enterprise (formerly Chrome River)
    Score8.3 out of 10
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Emburse Spend (formerly Abacus)Workday Financial Management
    Likelihood to Recommend
    6.0
    (17 ratings)
    8.4
    (27 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    9.0
    (1 ratings)
    Usability
    -
    (0 ratings)
    9.0
    (10 ratings)
    Support Rating
    9.0
    (9 ratings)
    10.0
    (5 ratings)
    User Testimonials
    Emburse Spend (formerly Abacus)Workday Financial Management
    Likelihood to Recommend
    Emburse
    Emburse Abacus is well suited for mid-market organizations that are open to - or embrace - the concept of real-time processing of expense transactions. Emburse Abacus takes a radically different approach from other platforms that rely on modeling paper-based monthly (or periodic) expense reports containing multiple expenses submitted simultaneously. Emburse Abacus allows each transaction to be very rapidly processed individually so that approving managers and accounting professionals are able to perform review tasks and identify potential problems throughout the entire month, relieving the massive monthly influx of large numbers of expense reports simultaneously.
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Pros
    Emburse
    • User-Friendly Interface: Reviews from our employees (ages ranging from 20s-70s) are all positive in regards to the ease of submitting an expense and getting reimbursement on Abacus
    • Timely Reimbursement: After final approval, money hits user accounts within 2 days
    • Approval routing: ability to set up multi-tier complex approval routes
    • Syncs with Sage Intacct: pushes entries on a day to day basis in to Intacct and it hits our GL accordingly
    • Abacus is competitively priced compared to the competition
    • Abacus utilizes "by expense" management. Getting rid of expense reports and batch reports (they do have an option where you can batch if need be)
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Cons
    Emburse
    • When you upload a receipt to abacus it would be great to port in the information from the receipt to the text fields.
    • It would be good to have a more automated way for Abacus to integrate in with other payroll systems.
    • It would be nice to have more levels of permissions, e.g. manager level, administer level and employee level.
    Incentivized
    Read full review
    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
    Incentivized
    Read full review
    Usability
    Emburse
    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.
    Incentivized
    Read full review
    Support Rating
    Emburse
    I have never had to contact Abacus support and have not heard stories from any of my colleagues having to do so either. Our accounting department stresses the ease of Abacus and has not voiced any concerns with the software or the product support team or the product support process.
    Incentivized
    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.
    Incentivized
    Read full review
    Alternatives Considered
    Emburse
    I chose Abacus because of its ease of use and flexible billing. The billing is based on the number of submissions rather than users in the system. Because we reimburse committee members, we have a lot of users in the system, but the activity can vary widely from month to month.
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Return on Investment
    Emburse
    • It is giving reliable services.
    • I am happy with its user-friendly services. Since I have issued the virtual and physical cards, I am getting real-time, and end-to-end control over my employee expenses. They can now easily go to visits and this has built their trust too. Further through receipts and expense details, I can easily control the pre-set budgets and easily configure rules to control spending.
    • I will also like to praise their customer care team they are very helpful and always ready to assist.
    Read full review
    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.
    Incentivized
    Read full review
    ScreenShots

    Emburse Spend (formerly Abacus) Screenshots

    Product screenshotProduct screenshotProduct screenshotProduct screenshotProduct screenshotProduct screenshot

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis