Microsoft Dynamics GP vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Microsoft Dynamics GP
Score 5.4 out of 10
N/A
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.N/A
Workday Financial Management
Score 8.3 out of 10
N/A
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…N/A
Pricing
Microsoft Dynamics GPWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Microsoft Dynamics GPWorkday 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
Microsoft Dynamics GPWorkday Financial Management
Features
Microsoft Dynamics GPWorkday 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 calculation6.319 Ratings8.323 Ratings
Benefit plan administration5.915 Ratings8.020 Ratings
Direct deposit files7.518 Ratings8.120 Ratings
Salary revision and increment management6.517 Ratings00 Ratings
Reimbursement management6.016 Ratings00 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 integration2.526 Ratings8.517 Ratings
Plug-ins6.021 Ratings7.719 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 capability5.832 Ratings9.225 Ratings
Role-based user permissions8.240 Ratings8.823 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
Dashboards3.529 Ratings8.027 Ratings
Standard reports6.239 Ratings7.924 Ratings
Custom reports6.539 Ratings8.022 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 payable6.445 Ratings7.418 Ratings
Accounts receivable5.836 Ratings6.918 Ratings
Cash management6.436 Ratings00 Ratings
Bank reconciliation5.641 Ratings00 Ratings
Expense management4.531 Ratings00 Ratings
Time tracking8.014 Ratings00 Ratings
Fixed asset management4.528 Ratings00 Ratings
Multi-currency support2.819 Ratings00 Ratings
Multi-division support3.026 Ratings00 Ratings
Regulations compliance3.314 Ratings00 Ratings
Electronic tax filing9.012 Ratings00 Ratings
Self-service portal7.012 Ratings00 Ratings
Global Financial Support6.07 Ratings7.419 Ratings
Primary and Secondary Ledgers4.721 Ratings7.319 Ratings
Intercompany Accounting3.818 Ratings00 Ratings
Localizations4.513 Ratings00 Ratings
Journals and Reconciliations4.626 Ratings7.616 Ratings
Enterprise Accounting2.816 Ratings00 Ratings
Configurable Accounting3.917 Ratings7.619 Ratings
Centralized Rules Framework3.614 Ratings00 Ratings
Standardized Processes6.219 Ratings7.820 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 tracking6.024 Ratings7.511 Ratings
Automatic reordering1.013 Ratings7.211 Ratings
Location management4.018 Ratings6.710 Ratings
Manufacturing module4.215 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Microsoft Dynamics GP
3.7
25 Ratings
68% below category average
Workday Financial Management
7.1
11 Ratings
11% below category average
Pricing3.618 Ratings00 Ratings
Order entry3.621 Ratings00 Ratings
Credit card processing1.012 Ratings7.111 Ratings
Cost of goods sold5.125 Ratings00 Ratings
Order Orchestration5.29 Ratings00 Ratings
End-to-end order visibility3.612 Ratings00 Ratings
Order exception Resolution3.47 Ratings00 Ratings
User Ratings
Microsoft Dynamics GPWorkday Financial Management
Likelihood to Recommend
4.1
(54 ratings)
8.4
(27 ratings)
Likelihood to Renew
9.9
(7 ratings)
9.0
(1 ratings)
Usability
5.5
(10 ratings)
9.0
(10 ratings)
Availability
10.0
(2 ratings)
-
(0 ratings)
Performance
7.0
(1 ratings)
-
(0 ratings)
Support Rating
7.0
(5 ratings)
10.0
(5 ratings)
Implementation Rating
8.2
(3 ratings)
-
(0 ratings)
Product Scalability
9.1
(1 ratings)
-
(0 ratings)
User Testimonials
Microsoft Dynamics GPWorkday Financial Management
Likelihood to Recommend
Microsoft
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.
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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
Microsoft
  • 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)
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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.
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Cons
Microsoft
  • 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.
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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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Likelihood to Renew
Microsoft
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.
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Workday
No answers on this topic
Usability
Microsoft
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.
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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.
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Support Rating
Microsoft
The rating is directed to the thrid party serive provider that we use. I do not now how good the Microsoft direct support is.
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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.
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Implementation Rating
Microsoft
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.
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Workday
No answers on this topic
Alternatives Considered
Microsoft
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.
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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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Scalability
Microsoft
The functionality that GP and related ISV solutions offer and the ease of integration of GP to other systems makes it an extremely scalable solution
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Workday
No answers on this topic
Return on Investment
Microsoft
  • 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!
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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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ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis