Microsoft Dynamics GP is an ERP software with accounting capabilities. It includes various packs for customizability and features tailored to specific industries’ needs. GP is offered as a perpetual license or subscription.
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Workday Financial Management
Score 8.3 out of 10
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Workday 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…
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Pricing
Microsoft Dynamics GP
Workday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Microsoft Dynamics GP
Workday Financial Management
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Microsoft Dynamics GP
Workday Financial Management
Features
Microsoft Dynamics GP
Workday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Microsoft Dynamics GP
6.4
20 Ratings
17% below category average
Workday Financial Management
8.1
23 Ratings
9% above category average
Pay calculation
6.319 Ratings
8.323 Ratings
Benefit plan administration
5.915 Ratings
8.020 Ratings
Direct deposit files
7.518 Ratings
8.120 Ratings
Salary revision and increment management
6.517 Ratings
00 Ratings
Reimbursement management
6.016 Ratings
00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Microsoft Dynamics GP
4.3
27 Ratings
55% below category average
Workday Financial Management
8.1
20 Ratings
8% above category average
API for custom integration
2.526 Ratings
8.517 Ratings
Plug-ins
6.021 Ratings
7.719 Ratings
Security
Comparison of Security features of Product A and Product B
Microsoft Dynamics GP
7.0
40 Ratings
16% below category average
Workday Financial Management
9.0
25 Ratings
7% above category average
Single sign-on capability
5.832 Ratings
9.225 Ratings
Role-based user permissions
8.240 Ratings
8.823 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Microsoft Dynamics GP
5.4
41 Ratings
37% below category average
Workday Financial Management
7.9
27 Ratings
7% above category average
Dashboards
3.529 Ratings
8.027 Ratings
Standard reports
6.239 Ratings
7.924 Ratings
Custom reports
6.539 Ratings
8.022 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Microsoft Dynamics GP
5.1
48 Ratings
40% below category average
Workday Financial Management
7.7
23 Ratings
0% above category average
Accounts payable
6.445 Ratings
7.418 Ratings
Accounts receivable
5.836 Ratings
6.918 Ratings
Cash management
6.436 Ratings
00 Ratings
Bank reconciliation
5.641 Ratings
00 Ratings
Expense management
4.531 Ratings
00 Ratings
Time tracking
8.014 Ratings
00 Ratings
Fixed asset management
4.528 Ratings
00 Ratings
Multi-currency support
2.819 Ratings
00 Ratings
Multi-division support
3.026 Ratings
00 Ratings
Regulations compliance
3.314 Ratings
00 Ratings
Electronic tax filing
9.012 Ratings
00 Ratings
Self-service portal
7.012 Ratings
00 Ratings
Global Financial Support
6.07 Ratings
7.419 Ratings
Primary and Secondary Ledgers
4.721 Ratings
7.319 Ratings
Intercompany Accounting
3.818 Ratings
00 Ratings
Localizations
4.513 Ratings
00 Ratings
Journals and Reconciliations
4.626 Ratings
7.616 Ratings
Enterprise Accounting
2.816 Ratings
00 Ratings
Configurable Accounting
3.917 Ratings
7.619 Ratings
Centralized Rules Framework
3.614 Ratings
00 Ratings
Standardized Processes
6.219 Ratings
7.820 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Microsoft Dynamics GP
4.4
26 Ratings
50% below category average
Workday Financial Management
7.1
11 Ratings
12% below category average
Inventory tracking
6.024 Ratings
7.511 Ratings
Automatic reordering
1.013 Ratings
7.211 Ratings
Location management
4.018 Ratings
6.710 Ratings
Manufacturing module
4.215 Ratings
00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Microsoft Dynamics GP is well-suited for our environment, as we pay a diverse group of employees, including on-the-road drivers, shop employees (some in other locations), and office employees. It easily tracks time off, taxes, pay, etc. The reporting allows us to verify with our drivers how they are paid each week, whether it be through mileage or stop-offs.
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.
Great Plains started as back office/accounting, and that is still it's strong suit.
SQL and the GP programming language, Dexterity, provide a robust, scalable, and stable platform with well documented maintenance and repair procedures. Relatively easy to manage, tune, and support.
Microsoft support for GP verges on "particularly well". Doesn't quite get there but good enough once you know what you're doing
Strong partner network, including the GP User Group (GPUG)
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.
With respect to the allocations, once the expense is entered into the allocation account, you lose the ability to run any detail on just the total of the expense. It would be nice if you could run a trial balance on the allocation accounts the same way you can with regular accounts.
I've always thought security set up could be a bit simpler. It actually has gotten better through the years. Specifically, with eight separate entities, it would be nice to have a "master" setup where you could call up one group entity, assign the users rights, and then be finished. Currently, whenever I have a new user, I have to call up each individual entity and select all of the features I want the user to have. That means I have to do eight steps for each user.
Due the economic challenges that Puerto Rico is having, the company has had to merge some companies in order to be more efficient. It has been easy in GP to process those merges, even thought we had to spend days to accomplish that the process was smooth and accurate. In addition we were able to streamline the purchasing and sales process and the organization is confident to keep renewing GP for the future versions.
Though it is a basic accounting package, I believe some users do not find the old style menus and navigation options intuitive. There is also a great lack of training resources in the market, so users have to learn the product without guidance a lot, resulting in inefficient workflows and misuse or misunderstanding of many features.
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.
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.
Basically the challenge with this implementation was the Business Portal, too many errors and even the aplication is up and running the users are still having issues. We will start planning the migraton to GP 2015 soon.
I come from a strong background of using SAP. SAP doesn't have the flexibility of GP, an example would be SAP doesn't allow core mods, if they catch you, you lose support. Microsoft doesn't really care about mods, but they will be quick to have the vendor you used support your issue if it is caused by those mods. With SAP your company adapts to the software, where with GP you adapt the software to you.
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.
Microsoft Dynamics GP allows my clients to move from a paper or spreadsheet based company to an integrated, electronic, streamlined business. I love being able to help clients gain efficiencies through the use of Microsoft Dynamics GP.
Microsoft Dynamics GP allows for better customer service because everything is at our fingertips. If someone calls questioning an invoice, we can easily look it up. If someone calls stating they paid an invoice with a certain check number, we can quickly run a query to find that particular check number to see where it was applied.
Having everything on a single platform provides ease of use for upgrades, backups and end user training. There is only one software to learn!
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.