Workday 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…
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Pricing
Epicor CMS
Workday Financial Management
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Pricing Offerings
Epicor CMS
Workday Financial Management
Free Trial
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No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Epicor CMS
Workday Financial Management
Features
Epicor CMS
Workday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Epicor CMS
10.0
1 Ratings
29% above category average
Workday Financial Management
8.1
23 Ratings
8% above category average
Pay calculation
10.01 Ratings
8.323 Ratings
Benefit plan administration
10.01 Ratings
8.020 Ratings
Direct deposit files
10.01 Ratings
8.120 Ratings
Customization
Comparison of Customization features of Product A and Product B
Epicor CMS
9.0
2 Ratings
18% above category average
Workday Financial Management
8.1
20 Ratings
7% above category average
API for custom integration
10.02 Ratings
8.517 Ratings
Plug-ins
8.02 Ratings
7.819 Ratings
Security
Comparison of Security features of Product A and Product B
Epicor CMS
10.0
2 Ratings
17% above category average
Workday Financial Management
9.0
25 Ratings
7% above category average
Single sign-on capability
10.02 Ratings
9.225 Ratings
Role-based user permissions
10.02 Ratings
8.823 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Epicor CMS
9.3
2 Ratings
22% above category average
Workday Financial Management
8.0
27 Ratings
7% above category average
Dashboards
10.01 Ratings
8.127 Ratings
Standard reports
9.02 Ratings
7.924 Ratings
Custom reports
9.02 Ratings
8.022 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Epicor CMS
9.5
2 Ratings
21% above category average
Workday Financial Management
7.7
23 Ratings
0% above category average
Accounts payable
10.02 Ratings
7.518 Ratings
Accounts receivable
10.02 Ratings
6.918 Ratings
Global Financial Support
8.01 Ratings
7.419 Ratings
Primary and Secondary Ledgers
10.02 Ratings
7.319 Ratings
Journals and Reconciliations
9.02 Ratings
7.616 Ratings
Configurable Accounting
10.02 Ratings
7.619 Ratings
Standardized Processes
10.02 Ratings
7.820 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Epicor CMS
10.0
2 Ratings
22% above category average
Workday Financial Management
7.2
11 Ratings
10% below category average
Inventory tracking
10.02 Ratings
7.511 Ratings
Automatic reordering
10.02 Ratings
7.211 Ratings
Location management
10.02 Ratings
6.810 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Epicor CMS
8.4
2 Ratings
6% above category average
Workday Financial Management
7.1
11 Ratings
11% below category average
Pricing
10.02 Ratings
00 Ratings
Order entry
8.02 Ratings
00 Ratings
Credit card processing
10.01 Ratings
7.111 Ratings
Cost of goods sold
10.02 Ratings
00 Ratings
Order Orchestration
8.02 Ratings
00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Epicor CMS
9.0
2 Ratings
18% above category average
Workday Financial Management
-
Ratings
Billing Management
10.02 Ratings
00 Ratings
Cash and Asset Management
10.02 Ratings
00 Ratings
Travel & Expense Management
10.01 Ratings
00 Ratings
Budgetary Control & Encumbrance Accounting
10.02 Ratings
00 Ratings
Period Close
10.02 Ratings
00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Epicor CMS
7.4
1 Ratings
2% below category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting
5.01 Ratings
00 Ratings
Project Costing
7.01 Ratings
00 Ratings
Cost Capture
10.01 Ratings
00 Ratings
Capital Project Management
8.01 Ratings
00 Ratings
Customer Contract Compliance
5.01 Ratings
00 Ratings
Project Revenue Recognition
8.01 Ratings
00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Epicor CMS
10.0
1 Ratings
34% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling
10.01 Ratings
00 Ratings
Task Insight for Project Managers
10.01 Ratings
00 Ratings
Project Mobile Functionality
10.01 Ratings
00 Ratings
Definable Resource Pools
10.01 Ratings
00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Epicor CMS
8.8
2 Ratings
22% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared
10.02 Ratings
00 Ratings
Contract Authoring
10.01 Ratings
00 Ratings
Contract Repository
10.01 Ratings
00 Ratings
Requisitions-to-Purchase Orders Integrated
10.02 Ratings
00 Ratings
Supplier Management
10.02 Ratings
00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Epicor CMS
7.3
1 Ratings
9% above category average
Workday Financial Management
-
Ratings
Control Management
7.01 Ratings
00 Ratings
Control Efficiency Assessments
7.01 Ratings
00 Ratings
Issue Detection
7.01 Ratings
00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Epicor CMS
8.8
1 Ratings
24% above category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization
9.01 Ratings
00 Ratings
Transportation Execution Management
9.01 Ratings
00 Ratings
Trade and Customs Management
8.01 Ratings
00 Ratings
Fulfillment Management
9.01 Ratings
00 Ratings
Warehouse Workforce Management
8.01 Ratings
00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Epicor CMS
8.7
2 Ratings
16% above category average
Workday Financial Management
-
Ratings
Production Process Design
10.02 Ratings
00 Ratings
Production Management
8.02 Ratings
00 Ratings
Configuration Management
7.02 Ratings
00 Ratings
Work Execution
8.02 Ratings
00 Ratings
Manufacturing Costs
9.02 Ratings
00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Epicor CMS
10.0
2 Ratings
31% above category average
Workday Financial Management
-
Ratings
Forecasting
10.02 Ratings
00 Ratings
Inventory Planning
10.02 Ratings
00 Ratings
Performance Monitoring
10.02 Ratings
00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Through daily use of Epicor, it is apparent that at it's basest level, it favors a stock-based manufacturing model (your company has established SKUs and Production works to replenish stock levels when a KANBAN or other system triggers a re-order point). While it excels at that, ours is a custom-order industrial manufacturing model (we produce to customer specification or repeat orders), meaning there is no stocking of finished components, only the materials it takes to make them. It's taken some finesse (and the purchase of additional modules) to get to where we need to be.
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.
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.
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.
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.
Epicor CMS had a UI that was deemed more aesthetically pleasing than (subjective, naturally!) Sage, for which we attended a presentation/orientation session. Our Team felt Epicor (once outfitted with the necessary add-ons) would be better suited in the long run for longevity and ongoing support (especially considering our outgoing software was Sage).
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.
Epicor has necessitated dedicated "Staging" personnel, as multi-line orders are generated as individual orders to Production/Manufacturing, meaning someone must ensure they all come together upon completion prior to shipping.
Payroll and Accounts Payable/Receivable have noted improved integration and tracking compared to the legacy/outgoing software (Business Vision).
Inventory tracking is vastly improved over the outgoing software, with detailed reports/tracking of remnant/off-cut materials, which benefits Material Handlers as well as the Purchasing Manager for keeping the inventory budget in line with targets.
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.