Microsoft Project vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Microsoft Project
Score 8.0 out of 10
N/A
Microsoft Project is a project management software. It provides core PM functionality, including agile workflow support and resource management. Project can be deployed in the cloud or on-premise.
$120
per year per user
Workday Financial Management
Score 8.3 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 ProjectWorkday Financial Management
Editions & Modules
Project Server
$0
Planner Plan 1
$10
per month per user
Planner and Project Plan 3
$30
per month per user
Planner and Project Plan 5
$55
per month per user
Project Standard 2024
$679.99
one-time fee per installation
Project Professional 2024
$1,129.99
one-time fee per installation
No answers on this topic
Offerings
Pricing Offerings
Microsoft ProjectWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsPlans are billed annually.
More Pricing Information
Community Pulse
Microsoft ProjectWorkday Financial Management
Features
Microsoft ProjectWorkday Financial Management
Project Management
Comparison of Project Management features of Product A and Product B
Microsoft Project
8.0
111 Ratings
3% above category average
Workday Financial Management
-
Ratings
Task Management8.2110 Ratings00 Ratings
Resource Management7.7107 Ratings00 Ratings
Gantt Charts9.0107 Ratings00 Ratings
Scheduling8.4109 Ratings00 Ratings
Workflow Automation10.083 Ratings00 Ratings
Team Collaboration7.398 Ratings00 Ratings
Support for Agile Methodology4.883 Ratings00 Ratings
Support for Waterfall Methodology7.783 Ratings00 Ratings
Document Management9.077 Ratings00 Ratings
Email integration5.082 Ratings00 Ratings
Mobile Access10.067 Ratings00 Ratings
Timesheet Tracking10.073 Ratings00 Ratings
Change request and Case Management7.764 Ratings00 Ratings
Budget and Expense Management7.686 Ratings00 Ratings
Professional Services Automation
Comparison of Professional Services Automation features of Product A and Product B
Microsoft Project
8.8
79 Ratings
13% above category average
Workday Financial Management
-
Ratings
Quotes/estimates7.755 Ratings00 Ratings
Invoicing10.045 Ratings00 Ratings
Project & financial reporting7.476 Ratings00 Ratings
Integration with accounting software10.050 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Microsoft Project
-
Ratings
Workday Financial Management
8.1
23 Ratings
10% above category average
Pay calculation00 Ratings8.323 Ratings
Benefit plan administration00 Ratings8.020 Ratings
Direct deposit files00 Ratings8.120 Ratings
Customization
Comparison of Customization features of Product A and Product B
Microsoft Project
-
Ratings
Workday Financial Management
8.1
20 Ratings
9% above category average
API for custom integration00 Ratings8.517 Ratings
Plug-ins00 Ratings7.719 Ratings
Security
Comparison of Security features of Product A and Product B
Microsoft Project
-
Ratings
Workday Financial Management
9.0
25 Ratings
7% above category average
Single sign-on capability00 Ratings9.125 Ratings
Role-based user permissions00 Ratings8.823 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Microsoft Project
-
Ratings
Workday Financial Management
8.0
27 Ratings
9% above category average
Dashboards00 Ratings8.027 Ratings
Standard reports00 Ratings7.924 Ratings
Custom reports00 Ratings8.022 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Microsoft Project
-
Ratings
Workday Financial Management
7.7
23 Ratings
0% above category average
Accounts payable00 Ratings7.518 Ratings
Accounts receivable00 Ratings7.018 Ratings
Global Financial Support00 Ratings7.419 Ratings
Primary and Secondary Ledgers00 Ratings7.319 Ratings
Journals and Reconciliations00 Ratings7.616 Ratings
Configurable Accounting00 Ratings7.519 Ratings
Standardized Processes00 Ratings7.820 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Microsoft Project
-
Ratings
Workday Financial Management
7.2
11 Ratings
10% below category average
Inventory tracking00 Ratings7.511 Ratings
Automatic reordering00 Ratings7.211 Ratings
Location management00 Ratings6.710 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Microsoft Project
-
Ratings
Workday Financial Management
7.1
11 Ratings
10% below category average
Credit card processing00 Ratings7.111 Ratings
Best Alternatives
Microsoft ProjectWorkday Financial Management
Small Businesses
Stackby
Stackby
Score 8.9 out of 10
Zoho One
Zoho One
Score 9.3 out of 10
Medium-sized Companies
InEight
InEight
Score 8.4 out of 10
Infor VISUAL
Infor VISUAL
Score 7.4 out of 10
Enterprises
InEight
InEight
Score 8.4 out of 10
24SevenOffice
24SevenOffice
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Microsoft ProjectWorkday Financial Management
Likelihood to Recommend
8.1
(111 ratings)
8.3
(26 ratings)
Likelihood to Renew
10.0
(3 ratings)
9.0
(1 ratings)
Usability
8.7
(9 ratings)
9.0
(9 ratings)
Support Rating
8.2
(34 ratings)
10.0
(5 ratings)
Implementation Rating
5.0
(1 ratings)
-
(0 ratings)
User Testimonials
Microsoft ProjectWorkday Financial Management
Likelihood to Recommend
Microsoft
Microsoft Project Online is suited to Turnkey Projects where more Collaboration is required in Project Progress monitoring, risk assessment and conveying, issue recording and tracking. It is less appropriate when ERP Suites other than MS Dynamics are used, i.e when Enterprises need to integrate Finance / Accounting with It and having straight project management workflow
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
  • I love the Gantt Chart that Microsoft Project offers me, because it provides me with a view from various aspects, it provides me with exact details about the fulfillment of tasks over a period of time, it also allows me to make comparisons with the necessary data and the fulfilled data. by the employees, in order to know exactly if the project's expectations have been met.
  • I love the Gantt Chart that Microsoft Project offers me, because it provides me with a view from various aspects, it provides me with exact details about the fulfillment of tasks over a period of time, it also allows me to make comparisons with the necessary data and the fulfilled data by the employees, in order to know exactly if the project's expectations have been met.
  • The alert system for the fulfillment and delay of assignments is perfect. Microsoft Project allows me to configure the task system, I can assign the necessary tasks to fulfill the project, and the software alerts me immediately if the managers are fulfilling the assignments.
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
  • Seems overly complicated for users sometimes in using Project and its functionalities
  • Hard to share files for those folks who do not have MS Project, and then have to print out for them
  • Can be confusing since it looks and feels like MS Excel
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
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Likelihood to Renew
Microsoft
I like using Microsoft Project. It simplifies building a schedule
Read full review
Workday
No answers on this topic
Usability
Microsoft
Microsoft
Project is easy to operate because data could be inserted, changed and
deleted like you are in an Excel timesheet. Besides, it provides a great
level of automation beween his fields allowing few data changes. Also, its
funcionalities are well defined and grouped in upper menus, so you can find a
funcionality quickly
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
Microsoft in recent years has transformed itself and gives a positive feeling when one interacts with the company. The company is focusing on its customers and willing to go extra mile to make customers happy.The company continues to invest in its products and bringing new features from time to time. Overall it is a positive feeling to be associated with such an iconic company.
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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
I wasn't part of it so I don't know
Read full review
Workday
No answers on this topic
Alternatives Considered
Microsoft
While many of the above tools are extremely well-versed, Microsoft Project's largest advantage comes from it being related to the largest business productivity company in the world. Project does have its sharing limitations - but regardless, offers one of the most robust tools in the market today. Microsoft Project is built with large-scale projects in mind but is more than up to the task for smaller projects as well. However, there are options available (especially cloud-based options) that may be more fitting for higher-level projects that do not require going into the weeds.
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.
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Return on Investment
Microsoft
  • Project saved me, as the project manager, countless hours of digging through tickets and schedules to plan everything out. It also saved me time in adjusting the project triangle as needed, since it does so much automatically.
  • It is costly, and since it requires extensive training to master, it's not just the high licensing cost that you need to take into account.
  • The reporting features - even just printing out Gantt charts - makes it far easier to communicate with stakeholders. That means less time for PMs doing all of this manually, and it means less follow-up questions and delays moving forward.
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