ERPNext vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
ERPNext
Score 8.6 out of 10
N/A
ERPNext is a web-based, open-source application that helps small, medium, and enterprise business manage their Accounting, Inventory, Sales, Purchase, Manufacturing, Projects, Customer Support, and Website. ERPNext is also available as a hosted solution with affordable annual plans.
$0
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
ERPNextWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
ERPNextWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
ERPNextWorkday Financial Management
Features
ERPNextWorkday Financial Management
Security
Comparison of Security features of Product A and Product B
ERPNext
9.0
1 Ratings
8% above category average
Workday Financial Management
8.9
24 Ratings
7% above category average
Role-based user permissions9.01 Ratings8.822 Ratings
Single sign-on capability00 Ratings9.024 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
ERPNext
6.0
1 Ratings
20% below category average
Workday Financial Management
8.0
26 Ratings
9% above category average
Dashboards9.01 Ratings7.926 Ratings
Custom reports3.01 Ratings7.921 Ratings
Standard reports00 Ratings8.123 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
ERPNext
9.0
1 Ratings
26% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling9.01 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
ERPNext
6.0
1 Ratings
18% below category average
Workday Financial Management
-
Ratings
Proposal Management6.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
ERPNext
-
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
ERPNext
-
Ratings
Workday Financial Management
8.1
19 Ratings
8% above category average
API for custom integration00 Ratings8.516 Ratings
Plug-ins00 Ratings7.718 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
ERPNext
-
Ratings
Workday Financial Management
7.8
22 Ratings
2% above category average
Accounts payable00 Ratings7.717 Ratings
Accounts receivable00 Ratings7.417 Ratings
Global Financial Support00 Ratings7.418 Ratings
Primary and Secondary Ledgers00 Ratings7.418 Ratings
Journals and Reconciliations00 Ratings7.715 Ratings
Configurable Accounting00 Ratings7.418 Ratings
Standardized Processes00 Ratings8.019 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
ERPNext
-
Ratings
Workday Financial Management
7.3
10 Ratings
8% below category average
Inventory tracking00 Ratings7.610 Ratings
Automatic reordering00 Ratings7.410 Ratings
Location management00 Ratings6.89 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
ERPNext
-
Ratings
Workday Financial Management
7.1
10 Ratings
10% below category average
Credit card processing00 Ratings7.110 Ratings
Best Alternatives
ERPNextWorkday Financial Management
Small Businesses
Zoho One
Zoho One
Score 9.4 out of 10
Zoho One
Zoho One
Score 9.4 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 8.9 out of 10
Infor VISUAL
Infor VISUAL
Score 8.9 out of 10
Enterprises
24SevenOffice
24SevenOffice
Score 8.9 out of 10
24SevenOffice
24SevenOffice
Score 8.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
ERPNextWorkday Financial Management
Likelihood to Recommend
10.0
(1 ratings)
8.5
(26 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
8.0
(1 ratings)
9.1
(9 ratings)
Support Rating
-
(0 ratings)
10.0
(5 ratings)
User Testimonials
ERPNextWorkday Financial Management
Likelihood to Recommend
Frappe
It is so flexible and configurable that it can be fairly easily adapted to most situations.
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
Frappe
  • Locally hosted, so it is very fast
  • Help documents are pretty good
  • Lots of flexibility in configuration
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.
Read full review
Cons
Frappe
  • Random errors (seem to be related to python) can be very difficult to troubleshoot.
  • Creating reports and print/email documents is very cumbersome and confusing. Needs to have a WYSIWYG editor.
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
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Usability
Frappe
Overall good, but needs some training to get people to be proficient in the system.
Read full review
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
Frappe
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
Frappe
Wanted something flexible and with the ability to self-host. Open source is also nice.
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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
Frappe
  • Neutral, needed to find a new system as the current system is being retired.
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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.
Read full review
ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis