ETQ Reliance QMS vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
ETQ Reliance QMS
Score 6.8 out of 10
N/A
ETQ headquartered in Burlington offers the ETQ Reliance Platform, a quality management solution designed to meet a business' unique quality needs and risks with an automated best practice-driven software solution.N/A
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
ETQ Reliance QMSWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
ETQ Reliance QMSWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
Community Pulse
ETQ Reliance QMSWorkday Financial Management
Features
ETQ Reliance QMSWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
ETQ Reliance QMS
-
Ratings
Workday Financial Management
8.0
22 Ratings
9% above category average
Pay calculation00 Ratings8.222 Ratings
Benefit plan administration00 Ratings8.019 Ratings
Direct deposit files00 Ratings8.019 Ratings
Customization
Comparison of Customization features of Product A and Product B
ETQ Reliance QMS
-
Ratings
Workday Financial Management
8.1
19 Ratings
9% above category average
API for custom integration00 Ratings8.616 Ratings
Plug-ins00 Ratings7.618 Ratings
Security
Comparison of Security features of Product A and Product B
ETQ Reliance QMS
-
Ratings
Workday Financial Management
9.0
24 Ratings
8% above category average
Single sign-on capability00 Ratings9.124 Ratings
Role-based user permissions00 Ratings8.822 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
ETQ Reliance QMS
-
Ratings
Workday Financial Management
7.9
26 Ratings
8% above category average
Dashboards00 Ratings7.826 Ratings
Standard reports00 Ratings7.923 Ratings
Custom reports00 Ratings7.921 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
ETQ Reliance QMS
-
Ratings
Workday Financial Management
7.6
22 Ratings
1% below category average
Accounts payable00 Ratings7.417 Ratings
Accounts receivable00 Ratings7.117 Ratings
Global Financial Support00 Ratings7.218 Ratings
Primary and Secondary Ledgers00 Ratings7.218 Ratings
Journals and Reconciliations00 Ratings7.515 Ratings
Configurable Accounting00 Ratings7.318 Ratings
Standardized Processes00 Ratings7.819 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
ETQ Reliance QMS
-
Ratings
Workday Financial Management
7.0
10 Ratings
12% below category average
Inventory tracking00 Ratings7.310 Ratings
Automatic reordering00 Ratings7.210 Ratings
Location management00 Ratings6.69 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
ETQ Reliance QMS
-
Ratings
Workday Financial Management
6.7
10 Ratings
15% below category average
Credit card processing00 Ratings6.710 Ratings
Best Alternatives
ETQ Reliance QMSWorkday Financial Management
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Score 9.9 out of 10
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Medium-sized Companies
Polarion ALM
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Infor VISUAL
Infor VISUAL
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Enterprises
Polarion ALM
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24SevenOffice
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User Ratings
ETQ Reliance QMSWorkday Financial Management
Likelihood to Recommend
10.0
(5 ratings)
8.4
(26 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
10.0
(1 ratings)
9.1
(9 ratings)
Support Rating
7.3
(4 ratings)
10.0
(5 ratings)
User Testimonials
ETQ Reliance QMSWorkday Financial Management
Likelihood to Recommend
ETQ
ETQ Reliance is great for quality systems in which different levels of personnel are accessing common documents. The user interface and basic functionality is very intuitive, and thus easy to navigate for both novice and experienced technical users. It is also great at organizing tasks and maintaining document attributes. Overall, great for the purposes of an audit. For more advanced users, it may be limited in functionality. Data analytics and related visualization is more easily done after exporting data and manipulating in third-party software programs.
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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
ETQ
  • Document control: love the workflow process.
  • On hold non-conformance Management: easy to pull up new and old information seamlessly and link it to meetings.
  • Meetings: allows us to have great traceability of meeting minutes with attached information—auditors love it!
  • Safety reporting: workflow makes it seamless to send from one person to the next while tracking each part of the process.
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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
ETQ
  • New EtQ Reliance (Version 2019 and above) have restrictions on customization. Which made it difficult to migrate.
  • Better mobile platform
  • Better Data visualization
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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
ETQ
It is easy to use and covers expectations
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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
ETQ
At the basic support level, you get adequate support, but you are likely to be passed around from one tech support rep to another even on the same problem. Some of the support staff are both technically strong and have good interpersonal communication skills, others less so for the latter. Recently it seems that ETQ wants to monetize more of their support services both in multi-level support as well as in seeming to move some services from included in annual support to a fee basis (for on-premise deployment).
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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
ETQ
Prior to ETQ we were using spreadsheets and shared drives and the ability to pull information was challenging. It was a very manual process done by many people. Now, it is somewhat manually input by one or two people and the retrieval of information can be done by anyone anywhere with ease.
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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
ETQ
  • Has saved a lot of time in preparing for audits. In an organization with multiple franchises, the cost savings from reduced man-hours is well in the $500K+ per year range.
  • Cloud capability has saved on document storage and hardware costs. The cost of storing online is low and has saved up to $100K per year in hardware and data maintenance costs.
  • Reduced need for third-party document control applications. ETQ Reliance has eliminated the need for other software applications to support quality document maintenance.
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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