Fiserv Prologue Financials vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Prologue Financials
Score 2.1 out of 10
N/A
Prologue Financials from Fiserv, a fully integrated accounting solution, features enhanced, built-in automation and controls and a newly designed user interface, enabling users to increase the efficiency of financial accounting processes.N/A
Workday Financial Management
Score 8.2 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
Fiserv Prologue FinancialsWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Prologue FinancialsWorkday 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
Fiserv Prologue FinancialsWorkday Financial Management
Top Pros
Top Cons
Features
Fiserv Prologue FinancialsWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
21% above category average
Workday Financial Management
8.3
19 Ratings
16% above category average
Pay calculation9.01 Ratings8.519 Ratings
Benefit plan administration9.01 Ratings8.716 Ratings
Direct deposit files9.01 Ratings8.416 Ratings
Salary revision and increment management9.01 Ratings00 Ratings
Reimbursement management9.01 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
26% above category average
Workday Financial Management
8.3
17 Ratings
14% above category average
API for custom integration9.01 Ratings8.414 Ratings
Plug-ins9.01 Ratings8.316 Ratings
Security
Comparison of Security features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
13% above category average
Workday Financial Management
8.9
21 Ratings
11% above category average
Single sign-on capability9.01 Ratings8.921 Ratings
Role-based user permissions9.01 Ratings8.919 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
18% above category average
Workday Financial Management
8.6
24 Ratings
21% above category average
Dashboards9.01 Ratings8.424 Ratings
Standard reports9.01 Ratings8.920 Ratings
Custom reports9.01 Ratings8.518 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
21% above category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable9.01 Ratings8.914 Ratings
Accounts receivable9.01 Ratings9.014 Ratings
Cash management9.01 Ratings00 Ratings
Bank reconciliation9.01 Ratings00 Ratings
Expense management9.01 Ratings00 Ratings
Time tracking9.01 Ratings00 Ratings
Fixed asset management9.01 Ratings00 Ratings
Multi-currency support9.01 Ratings00 Ratings
Multi-division support9.01 Ratings00 Ratings
Regulations compliance9.01 Ratings00 Ratings
Electronic tax filing9.01 Ratings00 Ratings
Self-service portal9.01 Ratings00 Ratings
Global Financial Support9.01 Ratings8.315 Ratings
Primary and Secondary Ledgers9.01 Ratings8.715 Ratings
Intercompany Accounting9.01 Ratings00 Ratings
Localizations9.01 Ratings00 Ratings
Journals and Reconciliations9.01 Ratings8.912 Ratings
Enterprise Accounting9.01 Ratings00 Ratings
Configurable Accounting9.01 Ratings8.215 Ratings
Centralized Rules Framework9.01 Ratings00 Ratings
Standardized Processes9.01 Ratings9.016 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
28% above category average
Workday Financial Management
8.7
8 Ratings
12% above category average
Inventory tracking9.01 Ratings9.08 Ratings
Automatic reordering9.01 Ratings8.68 Ratings
Location management9.01 Ratings8.57 Ratings
Manufacturing module9.01 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
22% above category average
Workday Financial Management
9.2
9 Ratings
18% above category average
Pricing9.01 Ratings00 Ratings
Order entry9.01 Ratings00 Ratings
Credit card processing9.01 Ratings9.29 Ratings
Cost of goods sold9.01 Ratings00 Ratings
Order Orchestration9.01 Ratings00 Ratings
End-to-end order visibility9.01 Ratings00 Ratings
Order exception Resolution9.01 Ratings00 Ratings
Best Alternatives
Fiserv Prologue FinancialsWorkday Financial Management
Small Businesses
QuickBooks Self-Employed
QuickBooks Self-Employed
Score 9.4 out of 10
Acumatica
Acumatica
Score 8.8 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.4 out of 10
Infor VISUAL
Infor VISUAL
Score 6.9 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 7.8 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 8.3 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Fiserv Prologue FinancialsWorkday Financial Management
Likelihood to Recommend
1.5
(2 ratings)
8.8
(24 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
9.0
(1 ratings)
9.7
(5 ratings)
Support Rating
9.0
(1 ratings)
9.8
(5 ratings)
User Testimonials
Fiserv Prologue FinancialsWorkday Financial Management
Likelihood to Recommend
Fiserv
Fiserv Prologue Financials will automate and help streamline your accounting processes and increases your data accuracy and create efficiencies that enables time and resources to be directed to strategic and profitable activities. Instant correction to errors and automatic journal entry reversal are very effective and excellent detailed audit trail allowing easy tracking and monitoring.
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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
Fiserv
  • In my opinion, nothing is done well. I hate this program with an extreme passion.
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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
Fiserv
  • Support is only available within business hours.
  • No free trials.
  • Takes time to implement during initial stages.
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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
Fiserv
Powerful tool that helps us to automate and to streamline our accounting processes and helps to deliver reliable and accurate accessible information that is crucial to the performance of our organization. Its easy to customize and to create financial reports of any kind from the GL and its ability to manipulate data through the system is amazing.
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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
Fiserv
It provides us with a fully integrated accounting management solution with effective account payables and investment portfolio accounting. It helps us to automate and to streamline our accounting processes and it allows us to create custom financial reports easily enabling faster reports with accurate financial accounting data.
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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
Fiserv
Fiserv Prologue Financials is easily available and deployed in Mac and Windows and allows our financial controllers to create simple custom reports that enable them to report faster with accurate financial data. Great product that provides us with excellent cash management and payment management processes.
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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
Fiserv
  • Instant correction to errors.
  • Real-time financial data.
  • Automatic journal entry reversals.
  • Detailed audit trails that allows effective tracking.
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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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