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 8.2 out of 10
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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…
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Pricing
Microsoft Dynamics GP
Workday Financial Management
Editions & Modules
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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
6.8
18 Ratings
11% below category average
Workday Financial Management
8.1
22 Ratings
10% above category average
Pay calculation
7.017 Ratings
8.322 Ratings
Benefit plan administration
7.013 Ratings
8.119 Ratings
Direct deposit files
7.016 Ratings
8.119 Ratings
Salary revision and increment management
7.015 Ratings
00 Ratings
Reimbursement management
6.014 Ratings
00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Microsoft Dynamics GP
7.0
25 Ratings
10% below category average
Workday Financial Management
8.1
19 Ratings
8% above category average
API for custom integration
7.024 Ratings
8.516 Ratings
Plug-ins
7.019 Ratings
7.718 Ratings
Security
Comparison of Security features of Product A and Product B
Microsoft Dynamics GP
8.5
37 Ratings
4% above category average
Workday Financial Management
8.9
24 Ratings
7% above category average
Single sign-on capability
8.030 Ratings
9.024 Ratings
Role-based user permissions
9.037 Ratings
8.822 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Microsoft Dynamics GP
6.0
38 Ratings
26% below category average
Workday Financial Management
8.0
26 Ratings
9% above category average
Dashboards
4.026 Ratings
7.926 Ratings
Standard reports
7.036 Ratings
8.123 Ratings
Custom reports
7.036 Ratings
7.921 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Microsoft Dynamics GP
6.4
45 Ratings
17% below category average
Workday Financial Management
7.8
22 Ratings
2% above category average
Accounts payable
8.042 Ratings
7.617 Ratings
Accounts receivable
8.033 Ratings
7.417 Ratings
Cash management
8.033 Ratings
00 Ratings
Bank reconciliation
7.038 Ratings
00 Ratings
Expense management
5.028 Ratings
00 Ratings
Time tracking
7.013 Ratings
00 Ratings
Fixed asset management
6.026 Ratings
00 Ratings
Multi-currency support
4.018 Ratings
00 Ratings
Multi-division support
7.025 Ratings
00 Ratings
Regulations compliance
4.012 Ratings
00 Ratings
Electronic tax filing
7.011 Ratings
00 Ratings
Self-service portal
7.012 Ratings
00 Ratings
Global Financial Support
6.07 Ratings
7.418 Ratings
Primary and Secondary Ledgers
7.018 Ratings
7.418 Ratings
Intercompany Accounting
5.017 Ratings
00 Ratings
Localizations
8.011 Ratings
00 Ratings
Journals and Reconciliations
6.023 Ratings
7.715 Ratings
Enterprise Accounting
4.015 Ratings
00 Ratings
Configurable Accounting
8.015 Ratings
7.418 Ratings
Centralized Rules Framework
6.013 Ratings
00 Ratings
Standardized Processes
7.016 Ratings
8.019 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Microsoft Dynamics GP
7.8
25 Ratings
4% above category average
Workday Financial Management
7.3
10 Ratings
8% below category average
Inventory tracking
9.023 Ratings
7.610 Ratings
Automatic reordering
6.012 Ratings
7.410 Ratings
Location management
8.017 Ratings
6.89 Ratings
Manufacturing module
9.014 Ratings
00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
A large company where users have one function- for instance, where someone only receives or works in payables. That minimizes the number of windows they need. A smaller company where one user does multiple functions will require a lot more training and user knowledge to navigate, and it makes it harder to secure users. You also have to understand that GP started life as Great Plains, designed for accountants. The other modules were added on after Microsoft bought Great Plains, which means that modules like Manufacturing are red-headed step children with much smaller support ecosystems. So, if you're starting fresh, you may want to look at something built for the mobile world. D365 and Business Central are a lot more money, buggy, and hard to customize and essentially still vaporware. Microsoft is heavily investing there, leading to the previously mentioned question about the future of GP. If I was starting today I would be hard pressed to justify jumping into GP in a world where Salesforce ties in with so many programs. GP has MRP but it is limited so it's hard to justify a manufacturer starting with GP today.
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.
Able to be extended into multiple areas of your business
One feature we have been using for a few years is EFT for payables - it has significantly reduced the time spent paying vendors and reduced our check printing and mailing costs. It is very easy to setup and use.
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.