Epicor CMS vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Epicor CMS
Score 7.2 out of 10
N/A
N/AN/A
Workday Financial Management
Score 8.3 out of 10
N/A
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…N/A
Pricing
Epicor CMSWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Epicor CMSWorkday 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
Epicor CMSWorkday Financial Management
Features
Epicor CMSWorkday 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 calculation10.01 Ratings8.323 Ratings
Benefit plan administration10.01 Ratings8.020 Ratings
Direct deposit files10.01 Ratings8.120 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 integration10.02 Ratings8.517 Ratings
Plug-ins8.02 Ratings7.819 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 capability10.02 Ratings9.225 Ratings
Role-based user permissions10.02 Ratings8.823 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
Dashboards10.01 Ratings8.127 Ratings
Standard reports9.02 Ratings7.924 Ratings
Custom reports9.02 Ratings8.022 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 payable10.02 Ratings7.518 Ratings
Accounts receivable10.02 Ratings6.918 Ratings
Global Financial Support8.01 Ratings7.419 Ratings
Primary and Secondary Ledgers10.02 Ratings7.319 Ratings
Journals and Reconciliations9.02 Ratings7.616 Ratings
Configurable Accounting10.02 Ratings7.619 Ratings
Standardized Processes10.02 Ratings7.820 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 tracking10.02 Ratings7.511 Ratings
Automatic reordering10.02 Ratings7.211 Ratings
Location management10.02 Ratings6.810 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
Pricing10.02 Ratings00 Ratings
Order entry8.02 Ratings00 Ratings
Credit card processing10.01 Ratings7.111 Ratings
Cost of goods sold10.02 Ratings00 Ratings
Order Orchestration8.02 Ratings00 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 Management10.02 Ratings00 Ratings
Cash and Asset Management10.02 Ratings00 Ratings
Travel & Expense Management10.01 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting10.02 Ratings00 Ratings
Period Close10.02 Ratings00 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 Forecasting5.01 Ratings00 Ratings
Project Costing7.01 Ratings00 Ratings
Cost Capture10.01 Ratings00 Ratings
Capital Project Management8.01 Ratings00 Ratings
Customer Contract Compliance5.01 Ratings00 Ratings
Project Revenue Recognition8.01 Ratings00 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 Scheduling10.01 Ratings00 Ratings
Task Insight for Project Managers10.01 Ratings00 Ratings
Project Mobile Functionality10.01 Ratings00 Ratings
Definable Resource Pools10.01 Ratings00 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 Compared10.02 Ratings00 Ratings
Contract Authoring10.01 Ratings00 Ratings
Contract Repository10.01 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated10.02 Ratings00 Ratings
Supplier Management10.02 Ratings00 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 Management7.01 Ratings00 Ratings
Control Efficiency Assessments7.01 Ratings00 Ratings
Issue Detection7.01 Ratings00 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 Optimization9.01 Ratings00 Ratings
Transportation Execution Management9.01 Ratings00 Ratings
Trade and Customs Management8.01 Ratings00 Ratings
Fulfillment Management9.01 Ratings00 Ratings
Warehouse Workforce Management8.01 Ratings00 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 Design10.02 Ratings00 Ratings
Production Management8.02 Ratings00 Ratings
Configuration Management7.02 Ratings00 Ratings
Work Execution8.02 Ratings00 Ratings
Manufacturing Costs9.02 Ratings00 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
Forecasting10.02 Ratings00 Ratings
Inventory Planning10.02 Ratings00 Ratings
Performance Monitoring10.02 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Epicor CMS
8.1
1 Ratings
10% above category average
Workday Financial Management
-
Ratings
Proposal Management8.01 Ratings00 Ratings
Product Master Data Management8.01 Ratings00 Ratings
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User Ratings
Epicor CMSWorkday Financial Management
Likelihood to Recommend
7.0
(2 ratings)
8.4
(27 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
8.0
(2 ratings)
9.0
(10 ratings)
Support Rating
7.0
(1 ratings)
10.0
(5 ratings)
User Testimonials
Epicor CMSWorkday Financial Management
Likelihood to Recommend
Epicor Software
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.
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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
Epicor Software
  • EDI Order Processing
  • Serialized Inventory Tracking
  • Order Processing
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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
Epicor Software
  • Too "modular"
  • Each task involves opening a new window.
  • Slow to process orders (despite upgraded fiber-optic internet).
  • More geared towards stock-based manufacturing rather than made-to-order, without requiring additional modules.
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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
Epicor Software
CMS takes time to learn and use the menu driven green screen. However, once you are familiar it makes for fast navigation.
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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
Epicor Software
Support is getting better but can still be slow 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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Alternatives Considered
Epicor Software
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).
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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
Epicor Software
  • 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.
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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