Macola vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Macola
Score 4.2 out of 10
N/A
ECI Software Solutions offers Macola (now edition Macola 10), an enterprise resource planning (ERP) for small manufacturers emphasizing business process management and accounting.N/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
MacolaWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
MacolaWorkday 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
MacolaWorkday Financial Management
Top Pros
Top Cons
Features
MacolaWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Macola
9.0
1 Ratings
22% above category average
Workday Financial Management
8.3
19 Ratings
14% above category average
Pay calculation9.01 Ratings8.519 Ratings
Benefit plan administration9.01 Ratings8.716 Ratings
Direct deposit files9.01 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
Macola
7.0
2 Ratings
4% below category average
Workday Financial Management
8.2
17 Ratings
12% above category average
API for custom integration7.02 Ratings8.314 Ratings
Plug-ins7.02 Ratings8.216 Ratings
Security
Comparison of Security features of Product A and Product B
Macola
9.5
2 Ratings
16% above category average
Workday Financial Management
8.8
21 Ratings
8% above category average
Single sign-on capability10.02 Ratings8.821 Ratings
Role-based user permissions9.02 Ratings8.919 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Macola
8.3
2 Ratings
17% above category average
Workday Financial Management
8.5
24 Ratings
20% above category average
Dashboards10.02 Ratings8.424 Ratings
Standard reports8.02 Ratings8.820 Ratings
Custom reports7.02 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Macola
8.8
2 Ratings
14% above category average
Workday Financial Management
8.5
20 Ratings
11% above category average
Accounts payable8.02 Ratings9.015 Ratings
Accounts receivable9.02 Ratings9.115 Ratings
Global Financial Support8.01 Ratings8.516 Ratings
Primary and Secondary Ledgers10.02 Ratings8.716 Ratings
Journals and Reconciliations8.02 Ratings8.913 Ratings
Configurable Accounting10.02 Ratings8.316 Ratings
Standardized Processes10.02 Ratings9.017 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Macola
8.7
2 Ratings
10% above category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking10.02 Ratings9.09 Ratings
Automatic reordering8.01 Ratings8.69 Ratings
Location management9.02 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Macola
8.6
2 Ratings
10% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing9.01 Ratings00 Ratings
Order entry9.02 Ratings00 Ratings
Credit card processing7.92 Ratings9.110 Ratings
Cost of goods sold9.02 Ratings00 Ratings
Order Orchestration9.01 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Macola
8.7
2 Ratings
16% above category average
Workday Financial Management
-
Ratings
Billing Management9.02 Ratings00 Ratings
Cash and Asset Management8.02 Ratings00 Ratings
Travel & Expense Management8.01 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting9.01 Ratings00 Ratings
Period Close10.01 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Macola
8.3
1 Ratings
9% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting9.01 Ratings00 Ratings
Project Costing8.01 Ratings00 Ratings
Cost Capture8.01 Ratings00 Ratings
Capital Project Management8.01 Ratings00 Ratings
Customer Contract Compliance9.01 Ratings00 Ratings
Project Revenue Recognition8.01 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Macola
8.8
1 Ratings
15% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management8.01 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Macola
8.0
1 Ratings
14% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared7.01 Ratings00 Ratings
Supplier Management9.01 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Macola
9.0
2 Ratings
27% above category average
Workday Financial Management
-
Ratings
Fulfillment Management9.01 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Macola
8.3
2 Ratings
10% above category average
Workday Financial Management
-
Ratings
Work Execution8.01 Ratings00 Ratings
Manufacturing Costs8.02 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Macola
8.0
2 Ratings
10% above category average
Workday Financial Management
-
Ratings
Inventory Planning8.02 Ratings00 Ratings
Best Alternatives
MacolaWorkday Financial Management
Small Businesses
Acumatica
Acumatica
Score 8.8 out of 10
Acumatica
Acumatica
Score 8.8 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MacolaWorkday Financial Management
Likelihood to Recommend
8.0
(2 ratings)
8.7
(24 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.5
(5 ratings)
Support Rating
-
(0 ratings)
9.7
(5 ratings)
User Testimonials
MacolaWorkday Financial Management
Likelihood to Recommend
ECI Software Solutions
Well suited for larger companies, and this is only becoming more the case with the new ownership. Smaller companies could at one time buy only the modules they required. This is now not possible, so you end up with a number of modules you do not need. It is best suited for a company needing a full MRP and is going to be overkill for a service based company that does not require inventory management.
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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
ECI Software Solutions
  • Simplifying min/max inventory reviews
  • PO entry and receiving
  • Order entry and production order entry
  • Custom reporting and high level reviews
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.
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Cons
ECI Software Solutions
  • Integration with other software
  • Migration from another application
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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
ECI Software Solutions
No answers on this topic
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
ECI Software Solutions
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
ECI Software Solutions
We did not try any other products. We migrated to Macola from an older product.
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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
ECI Software Solutions
  • Lower software costs.
  • Less 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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