Epicor CMS vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Epicor CMS
Score 6.8 out of 10
N/A
N/AN/A
Workday Financial Management
Score 8.3 out of 10
N/A
Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model,…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
Features
Epicor CMSWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Epicor CMS
7.5
1 Ratings
3% above category average
Workday Financial Management
8.2
17 Ratings
12% above category average
API for custom integration10.01 Ratings8.314 Ratings
Plug-ins5.01 Ratings8.216 Ratings
Security
Comparison of Security features of Product A and Product B
Epicor CMS
10.0
1 Ratings
21% above category average
Workday Financial Management
8.8
21 Ratings
8% above category average
Single sign-on capability10.01 Ratings8.821 Ratings
Role-based user permissions10.01 Ratings8.919 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Epicor CMS
5.0
1 Ratings
33% below category average
Workday Financial Management
8.5
24 Ratings
20% above category average
Standard reports5.01 Ratings8.820 Ratings
Custom reports5.01 Ratings8.418 Ratings
Dashboards00 Ratings8.424 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Epicor CMS
9.5
1 Ratings
22% above category average
Workday Financial Management
8.5
20 Ratings
11% above category average
Accounts payable10.01 Ratings9.015 Ratings
Accounts receivable10.01 Ratings9.115 Ratings
Global Financial Support8.01 Ratings8.516 Ratings
Primary and Secondary Ledgers10.01 Ratings8.716 Ratings
Journals and Reconciliations10.01 Ratings8.913 Ratings
Configurable Accounting10.01 Ratings8.316 Ratings
Standardized Processes10.01 Ratings9.017 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Epicor CMS
10.0
1 Ratings
24% above category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking10.01 Ratings9.09 Ratings
Automatic reordering10.01 Ratings8.69 Ratings
Location management10.01 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Epicor CMS
8.8
1 Ratings
12% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing10.01 Ratings00 Ratings
Order entry10.01 Ratings00 Ratings
Cost of goods sold10.01 Ratings00 Ratings
Order Orchestration10.01 Ratings00 Ratings
Credit card processing00 Ratings9.110 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Epicor CMS
8.7
1 Ratings
16% above category average
Workday Financial Management
-
Ratings
Billing Management10.01 Ratings00 Ratings
Cash and Asset Management10.01 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting7.01 Ratings00 Ratings
Period Close10.01 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Epicor CMS
7.4
1 Ratings
3% 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
Procurement
Comparison of Procurement features of Product A and Product B
Epicor CMS
7.3
1 Ratings
5% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared5.01 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated7.01 Ratings00 Ratings
Supplier Management8.01 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Epicor CMS
7.3
1 Ratings
11% 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
25% 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
9.1
1 Ratings
19% above category average
Workday Financial Management
-
Ratings
Production Process Design9.01 Ratings00 Ratings
Production Management10.01 Ratings00 Ratings
Configuration Management9.01 Ratings00 Ratings
Work Execution9.01 Ratings00 Ratings
Manufacturing Costs9.01 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Epicor CMS
10.0
1 Ratings
32% above category average
Workday Financial Management
-
Ratings
Forecasting10.01 Ratings00 Ratings
Inventory Planning10.01 Ratings00 Ratings
Performance Monitoring10.01 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Epicor CMS
8.1
1 Ratings
11% above category average
Workday Financial Management
-
Ratings
Proposal Management8.01 Ratings00 Ratings
Product Master Data Management8.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Epicor CMS
-
Ratings
Workday Financial Management
8.3
19 Ratings
14% above category average
Pay calculation00 Ratings8.519 Ratings
Benefit plan administration00 Ratings8.716 Ratings
Direct deposit files00 Ratings8.316 Ratings
Best Alternatives
Epicor CMSWorkday Financial Management
Small Businesses
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Score 8.8 out of 10
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Score 7.2 out of 10
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Score 7.2 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
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User Ratings
Epicor CMSWorkday Financial Management
Likelihood to Recommend
9.0
(1 ratings)
8.7
(24 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
8.0
(1 ratings)
9.5
(5 ratings)
Support Rating
7.0
(1 ratings)
9.7
(5 ratings)
User Testimonials
Epicor CMSWorkday Financial Management
Likelihood to Recommend
Epicor Software
CMS is well suited for automotive manufacturing businesses.
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.
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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
  • Visual interface
  • Report Customization
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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
We have more control over the backend of CMS and the fact it runs on a 5250 emulator it run a lot faster for data entry.
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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
  • Inventory tracibility
  • Order Processing
  • Customer Integration
  • EDI Processing
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.
Read full review
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