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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    M1

    Score7.7 out of 10
    N/AM1, from ECI Software Solutions headquartered in Ft. Worth, is an all-in-one manufacturing ERP software solution, built for small and medium-sized discrete manufacturers.N/A

    Workday Financial Management

    Score8.5 out of 10
    N/AWorkday 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
    M1Workday Financial Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    M1Workday 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
    M1Workday Financial Management
    Considered Both Products
    ECI Software Solutions
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    80%
    Would buy again
    24 Answers
    96%
    Would buy again
    23 Answers
    Delivers good value for the price
    96%
    Delivers good value for the price
    24 Answers
    95%
    Delivers good value for the price
    21 Answers
    Happy with the feature set
    87%
    Happy with the feature set
    26 Answers
    96%
    Happy with the feature set
    23 Answers
    Lived up to sales and marketing promises
    62%
    Lived up to sales and marketing promises
    13 Answers
    95%
    Lived up to sales and marketing promises
    19 Answers
    Implementation went as expected
    50%
    Implementation went as expected
    13 Answers
    89%
    Implementation went as expected
    17 Answers
    Features
    M1Workday Financial Management
    Payroll Management
    Comparison of Payroll Management features of M1 and Workday Financial Management
    Feature
    M1
    6.3
    8 Ratings
    17% below category average
    Workday Financial Management
    8.1
    23 Ratings
    8% above category average
    Pay calculation6.58 Ratings8.323 Ratings
    Benefit plan administration4.83 Ratings8.020 Ratings
    Direct deposit files7.55 Ratings8.220 Ratings
    Customization
    Comparison of Customization features of M1 and Workday Financial Management
    Feature
    M1
    7.3
    18 Ratings
    3% below category average
    Workday Financial Management
    8.2
    20 Ratings
    9% above category average
    API for custom integration7.415 Ratings8.417 Ratings
    Plug-ins7.111 Ratings7.919 Ratings
    Security
    Comparison of Security features of M1 and Workday Financial Management
    Feature
    M1
    8.1
    27 Ratings
    4% below category average
    Workday Financial Management
    9.0
    25 Ratings
    7% above category average
    Single sign-on capability8.615 Ratings9.225 Ratings
    Role-based user permissions7.727 Ratings8.823 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of M1 and Workday Financial Management
    Feature
    M1
    7.2
    28 Ratings
    4% below category average
    Workday Financial Management
    8.0
    27 Ratings
    6% above category average
    Dashboards7.326 Ratings8.227 Ratings
    Standard reports7.228 Ratings7.924 Ratings
    Custom reports7.127 Ratings8.122 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of M1 and Workday Financial Management
    Feature
    M1
    7.5
    26 Ratings
    3% below category average
    Workday Financial Management
    7.7
    23 Ratings
    0% below category average
    Accounts payable7.825 Ratings7.518 Ratings
    Accounts receivable7.526 Ratings6.918 Ratings
    Global Financial Support7.59 Ratings7.519 Ratings
    Primary and Secondary Ledgers7.716 Ratings7.419 Ratings
    Journals and Reconciliations6.821 Ratings7.716 Ratings
    Configurable Accounting7.618 Ratings7.719 Ratings
    Standardized Processes7.719 Ratings7.920 Ratings
    Inventory Management
    Comparison of Inventory Management features of M1 and Workday Financial Management
    Feature
    M1
    8.2
    26 Ratings
    3% above category average
    Workday Financial Management
    7.2
    11 Ratings
    10% below category average
    Inventory tracking8.326 Ratings7.611 Ratings
    Automatic reordering8.715 Ratings7.311 Ratings
    Location management7.521 Ratings6.810 Ratings
    Order Management
    Comparison of Order Management features of M1 and Workday Financial Management
    Feature
    M1
    7.8
    26 Ratings
    2% below category average
    Workday Financial Management
    7.3
    11 Ratings
    8% below category average
    Pricing7.726 Ratings00 Ratings
    Order entry8.326 Ratings00 Ratings
    Credit card processing7.310 Ratings7.311 Ratings
    Cost of goods sold7.917 Ratings00 Ratings
    Order Orchestration7.913 Ratings00 Ratings
    Subledger and Financial Process
    Comparison of Subledger and Financial Process features of M1 and Workday Financial Management
    Feature
    M1
    7.4
    21 Ratings
    2% below category average
    Workday Financial Management
    -
    Ratings
    Billing Management8.420 Ratings00 Ratings
    Cash and Asset Management8.317 Ratings00 Ratings
    Travel & Expense Management5.09 Ratings00 Ratings
    Budgetary Control & Encumbrance Accounting7.213 Ratings00 Ratings
    Period Close7.921 Ratings00 Ratings
    Project Execution Management
    Comparison of Project Execution Management features of M1 and Workday Financial Management
    Feature
    M1
    6.3
    16 Ratings
    11% below category average
    Workday Financial Management
    -
    Ratings
    Project Planning and Scheduling7.916 Ratings00 Ratings
    Task Insight for Project Managers7.810 Ratings00 Ratings
    Project Mobile Functionality4.67 Ratings00 Ratings
    Definable Resource Pools4.89 Ratings00 Ratings
    Grants Management
    Comparison of Grants Management features of M1 and Workday Financial Management
    Feature
    M1
    2.7
    2 Ratings
    94% below category average
    Workday Financial Management
    -
    Ratings
    Award Lifecycle Management2.72 Ratings00 Ratings
    Procurement
    Comparison of Procurement features of M1 and Workday Financial Management
    Feature
    M1
    7.1
    18 Ratings
    0% below category average
    Workday Financial Management
    -
    Ratings
    Bids Analyzed and Compared6.27 Ratings00 Ratings
    Contract Authoring7.64 Ratings00 Ratings
    Contract Repository6.46 Ratings00 Ratings
    Requisitions-to-Purchase Orders Integrated7.710 Ratings00 Ratings
    Supplier Management7.518 Ratings00 Ratings
    Risk Management
    Comparison of Risk Management features of M1 and Workday Financial Management
    Feature
    M1
    5.2
    4 Ratings
    26% below category average
    Workday Financial Management
    -
    Ratings
    Risk Repository6.52 Ratings00 Ratings
    Control Management6.14 Ratings00 Ratings
    Control Efficiency Assessments4.94 Ratings00 Ratings
    Issue Detection4.13 Ratings00 Ratings
    Remediation and Certification4.23 Ratings00 Ratings
    Logistics
    Comparison of Logistics features of M1 and Workday Financial Management
    Feature
    M1
    4.0
    10 Ratings
    55% below category average
    Workday Financial Management
    -
    Ratings
    Transportation Planning and Optimization2.24 Ratings00 Ratings
    Transportation Execution Management2.54 Ratings00 Ratings
    Trade and Customs Management4.73 Ratings00 Ratings
    Fulfillment Management4.98 Ratings00 Ratings
    Warehouse Workforce Management5.58 Ratings00 Ratings
    Manufacturing
    Comparison of Manufacturing features of M1 and Workday Financial Management
    Feature
    M1
    7.1
    27 Ratings
    5% below category average
    Workday Financial Management
    -
    Ratings
    Production Process Design5.519 Ratings00 Ratings
    Production Management7.422 Ratings00 Ratings
    Configuration Management7.119 Ratings00 Ratings
    Work Execution7.720 Ratings00 Ratings
    Manufacturing Costs7.626 Ratings00 Ratings
    Supply Chain
    Comparison of Supply Chain features of M1 and Workday Financial Management
    Feature
    M1
    8.1
    20 Ratings
    10% above category average
    Workday Financial Management
    -
    Ratings
    Forecasting7.814 Ratings00 Ratings
    Inventory Planning7.720 Ratings00 Ratings
    Performance Monitoring8.715 Ratings00 Ratings
    Product Lifecycle Management
    Comparison of Product Lifecycle Management features of M1 and Workday Financial Management
    Feature
    M1
    5.9
    9 Ratings
    22% below category average
    Workday Financial Management
    -
    Ratings
    Proposal Management4.96 Ratings00 Ratings
    Product Master Data Management7.09 Ratings00 Ratings
    Best Alternatives
    M1Workday Financial Management
    Small Businesses
    Zoho One
    Score9.1 out of 10
    Zoho One
    Score9.1 out of 10
    Medium-sized Companies
    Zoho One
    Score9.1 out of 10
    Zoho One
    Score9.1 out of 10
    Enterprises
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    M1Workday Financial Management
    Likelihood to Recommend
    7.7
    (30 ratings)
    8.4
    (27 ratings)
    Likelihood to Renew
    10.0
    (1 ratings)
    9.0
    (1 ratings)
    Usability
    6.0
    (30 ratings)
    9.0
    (10 ratings)
    Support Rating
    10.0
    (1 ratings)
    10.0
    (5 ratings)
    User Testimonials
    M1Workday Financial Management
    Likelihood to Recommend
    ECI Software Solutions
    The M1 ERP is tailored for small to medium organizations, offering good features at least in the components utilized by my organization such as customizable workflows, user-friendly dashboards, ability to process orders, and track the entire orders lifecycle. It also has good customer interaction features in the CRM part. It provides robust data security, and offers scalable modules to grow with your business. Implementation is not challenging if you don't have so many customizations in the software.
    Incentivized
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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.
    Incentivized
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    Pros
    ECI Software Solutions
    • Allows for component parts to be scheduled independently through the plant
    • Once parts are built, it is easy to duplicate/reuse parts across they quoting and ordering modules and customers
    • If used properly and consistently, M1 will provide accurate job cost analysis to determine estimating, training, efficiency and other issues.
    Incentivized
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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.
    Incentivized
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    Cons
    ECI Software Solutions
    • Some of the functions are pretty detailed - and so they take a while to generate screens and pages in reports.
    • We actually use it for 2 companies we own - and it would be nice if the inter company communication was a little smoother. It's hard to share some data, and not everything is possible to be shared.
    • Customized reports need to backed up before any updates to M1 or they're lost. It seems M1 overwrites the report folders everytime you run an update - so you have to keep track of what you've changed in Crystal Reports and restore it.
    Incentivized
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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
    Incentivized
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    Usability
    ECI Software Solutions
    Because it would be helpful if ECI would provide better documentation, communication and workflows to understand how each field interacts within the system and how each of those touch other areas within M1. It would also be useful if ECI would provide prescheduled training for how to customize things with M1 through Design Studio
    Incentivized
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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.
    Incentivized
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    Support Rating
    ECI Software Solutions
    Support has been great and timely
    Incentivized
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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.
    Incentivized
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    Alternatives Considered
    ECI Software Solutions
    M1 is light years ahead in overall cost and proficiency. It allows so much more control and flexibility as compared to its competitors. When choosing M1 we went through many demos and M1 was the only ERP that met our needs and still does. We also control our own data which is a big plus for us.
    Incentivized
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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.
    Incentivized
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    Return on Investment
    ECI Software Solutions
    • Time savings having to only enter certain information once and have it follow through the entire order process from quote to cash
    Incentivized
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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.
    Incentivized
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    ScreenShots

    M1 Screenshots

    Product screenshotProduct screenshot

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis