Microsoft Dynamics 365 Business Central vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Microsoft Dynamics 365 Business Central
Score 8.1 out of 10
N/A
Microsoft Dynamics 365 Business Central (formerly Dynamics NAV) is one of the ERP products in the Dynamics family. The technology is based on the Navision product acquired by Microsoft in 2002. This product is the best-selling Microsoft ERP platform, and is often used by companies in the manufacturing and distribution verticals.
$8
per month per user
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
Microsoft Dynamics 365 Business CentralWorkday Financial Management
Editions & Modules
Dynamics 365 Business Central Team Members
$8
per month (billed annually) per user
Dynamics 365 Business Central Essentials
$70
per month (billed annually) per user
Dynamics 365 Business Central Premium
$100
per month (billed annually) per user
No answers on this topic
Offerings
Pricing Offerings
Microsoft Dynamics 365 Business CentralWorkday 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
Microsoft Dynamics 365 Business CentralWorkday Financial Management
Features
Microsoft Dynamics 365 Business CentralWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Microsoft Dynamics 365 Business Central
6.7
10 Ratings
9% below category average
Workday Financial Management
8.1
22 Ratings
10% above category average
Pay calculation6.710 Ratings8.322 Ratings
Benefit plan administration5.98 Ratings8.119 Ratings
Direct deposit files6.79 Ratings8.119 Ratings
Customization
Comparison of Customization features of Product A and Product B
Microsoft Dynamics 365 Business Central
7.5
23 Ratings
1% above category average
Workday Financial Management
8.1
19 Ratings
8% above category average
API for custom integration7.422 Ratings8.516 Ratings
Plug-ins7.620 Ratings7.718 Ratings
Security
Comparison of Security features of Product A and Product B
Microsoft Dynamics 365 Business Central
8.8
27 Ratings
6% above category average
Workday Financial Management
8.9
24 Ratings
7% above category average
Single sign-on capability8.723 Ratings9.024 Ratings
Role-based user permissions8.926 Ratings8.822 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Microsoft Dynamics 365 Business Central
7.5
28 Ratings
2% above category average
Workday Financial Management
8.0
26 Ratings
9% above category average
Dashboards7.324 Ratings7.926 Ratings
Standard reports7.628 Ratings8.123 Ratings
Custom reports7.627 Ratings7.921 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Microsoft Dynamics 365 Business Central
8.4
28 Ratings
9% above category average
Workday Financial Management
7.8
22 Ratings
2% above category average
Accounts payable8.727 Ratings7.717 Ratings
Accounts receivable8.426 Ratings7.417 Ratings
Global Financial Support7.515 Ratings7.418 Ratings
Primary and Secondary Ledgers8.114 Ratings7.418 Ratings
Journals and Reconciliations8.217 Ratings7.715 Ratings
Configurable Accounting7.617 Ratings7.418 Ratings
Standardized Processes8.418 Ratings8.019 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Microsoft Dynamics 365 Business Central
8.5
24 Ratings
8% above category average
Workday Financial Management
7.3
10 Ratings
8% below category average
Inventory tracking8.224 Ratings7.610 Ratings
Automatic reordering7.816 Ratings7.410 Ratings
Location management8.120 Ratings6.89 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Microsoft Dynamics 365 Business Central
7.8
26 Ratings
0% below category average
Workday Financial Management
7.1
10 Ratings
10% below category average
Pricing8.123 Ratings00 Ratings
Order entry8.423 Ratings00 Ratings
Credit card processing6.415 Ratings7.110 Ratings
Cost of goods sold8.621 Ratings00 Ratings
Order Orchestration8.312 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Microsoft Dynamics 365 Business Central
8.1
18 Ratings
8% above category average
Workday Financial Management
-
Ratings
Billing Management8.016 Ratings00 Ratings
Cash and Asset Management8.217 Ratings00 Ratings
Travel & Expense Management7.112 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting7.914 Ratings00 Ratings
Period Close7.817 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Microsoft Dynamics 365 Business Central
8.7
8 Ratings
14% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting10.08 Ratings00 Ratings
Project Costing10.07 Ratings00 Ratings
Cost Capture10.08 Ratings00 Ratings
Capital Project Management8.05 Ratings00 Ratings
Customer Contract Compliance10.06 Ratings00 Ratings
Project Revenue Recognition8.04 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Microsoft Dynamics 365 Business Central
7.4
10 Ratings
6% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling7.09 Ratings00 Ratings
Task Insight for Project Managers6.69 Ratings00 Ratings
Project Mobile Functionality6.68 Ratings00 Ratings
Definable Resource Pools6.59 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Microsoft Dynamics 365 Business Central
8.9
7 Ratings
19% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management6.77 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Microsoft Dynamics 365 Business Central
7.7
14 Ratings
10% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared6.68 Ratings00 Ratings
Contract Authoring6.38 Ratings00 Ratings
Contract Repository6.88 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated7.812 Ratings00 Ratings
Supplier Management7.111 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Microsoft Dynamics 365 Business Central
8.1
10 Ratings
21% above category average
Workday Financial Management
-
Ratings
Risk Repository6.79 Ratings00 Ratings
Control Management6.79 Ratings00 Ratings
Control Efficiency Assessments6.89 Ratings00 Ratings
Issue Detection7.09 Ratings00 Ratings
Remediation and Certification7.37 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Microsoft Dynamics 365 Business Central
7.3
8 Ratings
7% above category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization6.46 Ratings00 Ratings
Transportation Execution Management6.46 Ratings00 Ratings
Trade and Customs Management7.06 Ratings00 Ratings
Fulfillment Management6.98 Ratings00 Ratings
Warehouse Workforce Management8.16 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Microsoft Dynamics 365 Business Central
7.6
8 Ratings
3% above category average
Workday Financial Management
-
Ratings
Production Process Design8.16 Ratings00 Ratings
Production Management7.87 Ratings00 Ratings
Configuration Management6.46 Ratings00 Ratings
Work Execution8.16 Ratings00 Ratings
Manufacturing Costs7.68 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Microsoft Dynamics 365 Business Central
7.4
10 Ratings
3% above category average
Workday Financial Management
-
Ratings
Forecasting6.410 Ratings00 Ratings
Inventory Planning7.410 Ratings00 Ratings
Performance Monitoring6.810 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Microsoft Dynamics 365 Business Central
8.8
7 Ratings
20% above category average
Workday Financial Management
-
Ratings
Proposal Management7.06 Ratings00 Ratings
Product Master Data Management7.76 Ratings00 Ratings
Best Alternatives
Microsoft Dynamics 365 Business CentralWorkday 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
Microsoft Dynamics 365 Business CentralWorkday Financial Management
Likelihood to Recommend
8.2
(29 ratings)
8.5
(26 ratings)
Likelihood to Renew
10.0
(1 ratings)
9.0
(1 ratings)
Usability
8.5
(9 ratings)
9.1
(9 ratings)
Availability
8.0
(1 ratings)
-
(0 ratings)
Support Rating
10.0
(2 ratings)
10.0
(5 ratings)
User Testimonials
Microsoft Dynamics 365 Business CentralWorkday Financial Management
Likelihood to Recommend
Microsoft
Microsoft Dynamics 365 Business Central is well suited for inventory management in all aspects. Its accessibility, along with my other apps, when out of the office is unparalleled. I find it easy to work with on a desktop or laptop; however, it could use some work on a mobile device.
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.
Read full review
Pros
Microsoft
  • Automate the creation of bills of materials for production. We can now generate a BoM from a sales order.
  • Organization of all data pertaining to thousands of parts, assemblies, and finished goods. Engineering and purchasing have a common portal.
  • We can create sales orders from quotations instead of re-entering them (this did require some bolt-on software). Less redundant work with fewer entry errors.
  • Accounting can provide reports based on specific criteria stored in NAV. We can pull better and more detailed intelligence.
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
Microsoft
  • Some functions could be a bit more user friendly, intuitive.
  • Better migration from previous ERP software (especially other Microsoft products). "Growing pains" associated with change?! Maybe.
  • A few redundancies and procedural missteps on menus and tabs can make the portal a bit crowded.
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
Read full review
Likelihood to Renew
Microsoft
We've already decided to continue using this software. It is too expensive for us to upgrade so we made a workaround by using the virtual computer with Windows XP installed on it. We did research replacing this software, but it was a better financial decision to keep what we had instead
Read full review
Workday
No answers on this topic
Usability
Microsoft
Best in terms of reporting or coming up with a great dashboard. Seamlessly collaborated with teams without depending on particular device as its web version is the buddy for people with work flexibility. Licensing price and integrations can be the areas of improvement and can simplify the interface which will be easy for a new user.
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.
Read full review
Support Rating
Microsoft
It provides one to efficiently be able to manage bookkeeping and inventory without much challenges. One can easily navigate through workflow processes while managing usages and budgets. Being able to produce reports in Word, Excel or PDF means one is able to have a working document to produce trends and graphs or produce pivot tables.
Read full review
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.
Read full review
Alternatives Considered
Microsoft
I have personally supported all of the Dynamic family of ERP systems and made the decision to concentrate on NAV as the solution of choice. From a support and development standpoint there are few if any packages that can compare. It is not uncommon for most of the companies that I support to only call me once or twice a month after the first year. This is due to the ease of tracking down problems and errors and the ability for a developer to provide the end-user with routines that automatically correct the most basic kind of error
Read full review
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.
Read full review
Return on Investment
Microsoft
  • Automation processing, including EDI functionality, has increased employee efficiency and prevented the need for adding additional employees.
  • Implementation of the warehouse functionality, including cycle counts, has resulted in better inventory control/less shrinkage.
  • Implementation of e-Ship and e-Receive, has resulted in greater efficiency and order accuracy.
Read full review
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