What users are saying about
7 Ratings
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Score 7.9 out of 100
26 Ratings
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Score 7.7 out of 100

Likelihood to Recommend

Munis

Munis is great for any sort of data keeping and accounting work. There are features of Munis that I am still not familiar with even after 6 years of use. Munis would not be very good for a point of sale sort of operation like a retail store because it just simply is not set up for that sort of operation.
Kristen Reeves | TrustRadius Reviewer

Workday Financial Management

Workday is a very innovative platform that offers plenty of options and resources to its users in their daily lives. I have used Workday in three of the organizations I have worked in the past for. I am also a current user of Workday through my employer. Workday is best suitable for any retail or customer-facing environments. More and more companies are using Workday to even have strong candidates apply for a job. This helps them navigate their way through a platform that they will be using in the near future.
Zahra Najib | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Munis
8.8
Workday Financial Management
9.3
Pay calculation
Munis
10.0
Workday Financial Management
9.3
Benefit plan administration
Munis
6.0
Workday Financial Management
9.3
Direct deposit files
Munis
9.0
Workday Financial Management
9.3
Salary revision and increment management
Munis
10.0
Workday Financial Management
9.3
Reimbursement management
Munis
Workday Financial Management
9.3

Customization

Munis
10.0
Workday Financial Management
8.0
API for custom integration
Munis
10.0
Workday Financial Management
8.0
Plug-ins
Munis
10.0
Workday Financial Management
8.0

Security

Munis
10.0
Workday Financial Management
9.8
Single sign-on capability
Munis
10.0
Workday Financial Management
9.8
Role-based user permissions
Munis
10.0
Workday Financial Management
9.8

Reporting & Analytics

Munis
9.3
Workday Financial Management
9.4
Dashboards
Munis
10.0
Workday Financial Management
9.3
Standard reports
Munis
9.6
Workday Financial Management
9.5
Custom reports
Munis
8.2
Workday Financial Management
9.3

General Ledger and Configurable Accounting

Munis
9.9
Workday Financial Management
8.9
Accounts payable
Munis
10.0
Workday Financial Management
9.5
Accounts receivable
Munis
10.0
Workday Financial Management
9.5
Global Financial Support
Munis
10.0
Workday Financial Management
8.5
Primary and Secondary Ledgers
Munis
10.0
Workday Financial Management
8.0
Intercompany Accounting
Munis
10.0
Workday Financial Management
8.0
Localizations
Munis
10.0
Workday Financial Management
8.0
Journals and Reconciliations
Munis
10.0
Workday Financial Management
9.5
Enterprise Accounting
Munis
9.2
Workday Financial Management
Configurable Accounting
Munis
10.0
Workday Financial Management
9.5
Centralized Rules Framework
Munis
10.0
Workday Financial Management
9.5
Standardized Processes
Munis
9.5
Workday Financial Management
9.5
Expense management
Munis
Workday Financial Management
8.0

Order Management

Munis
10.0
Workday Financial Management
10.0
Credit card processing
Munis
10.0
Workday Financial Management
10.0

Subledger and Financial Process

Munis
9.8
Workday Financial Management
Automated Invoice Processing
Munis
8.9
Workday Financial Management
Shared Services Payments
Munis
10.0
Workday Financial Management
Billings Management
Munis
10.0
Workday Financial Management
Customer Receipt Applications
Munis
10.0
Workday Financial Management
Customer Collections
Munis
10.0
Workday Financial Management
Revenue Recognition
Munis
9.5
Workday Financial Management
Cash Management
Munis
9.5
Workday Financial Management
Asset Management
Munis
9.0
Workday Financial Management
Travel & Expense Management
Munis
10.0
Workday Financial Management
Budgetary Control & Encumbrance Accounting
Munis
10.0
Workday Financial Management
Period Close
Munis
9.5
Workday Financial Management
Transactions Tax
Munis
10.0
Workday Financial Management
Subledger Reconciliations
Munis
10.0
Workday Financial Management
3rd Party Accounting Systems
Munis
10.0
Workday Financial Management

Project Financial Management

Munis
9.6
Workday Financial Management
Budgeting and Forecasting
Munis
10.0
Workday Financial Management
Project Costing
Munis
7.6
Workday Financial Management
Cost Capture
Munis
7.6
Workday Financial Management
Capital Project Management
Munis
10.0
Workday Financial Management
Customer Invoicing
Munis
10.0
Workday Financial Management
Customer Contract Compliance
Munis
10.0
Workday Financial Management
Project Revenue Recognition
Munis
10.0
Workday Financial Management
Project Financial Performance Analysis
Munis
10.0
Workday Financial Management
Project Financials Dashboard
Munis
10.0
Workday Financial Management
Real-time Financial Reporting
Munis
10.0
Workday Financial Management
Embedded Business Intelligence
Munis
10.0
Workday Financial Management
Project Planning Collaboration
Munis
10.0
Workday Financial Management

Procurement

Munis
10.0
Workday Financial Management
Requisitions-to-Purchase Orders Integrated
Munis
10.0
Workday Financial Management

Pros

Munis

  • Excellent for the municipal Financial program. Completely paperless.
  • Workflow is easy and easy to adjust.
  • Very Very user friendly even for the non computer savvy employees.
  • Windows based so easy to navigate.
  • Excellent help desk.
Anonymous | TrustRadius Reviewer

Workday Financial Management

  • We specically wanted a cloud financial management system that we could use in China and communicate reports to the headquarters organization and roll-up reporting. It performs well.
  • It was reasonably priced since we are not a for-profit company and need the Workday flexibility for finance and accounting operations. Most of our requirements are met with this one system.
  • The system worked efficiently with the additional security we built on to keep confidential. Many reports are ready off-the-shelf or easy to develop, which is a strength.
Anonymous | TrustRadius Reviewer

Cons

Munis

  • Submitting a purchase order requires lots of tabbing through fields
  • The product has lots of features, but they require additional training to understand how to use
  • Generating reports can sometimes be difficult
Todd McGee | TrustRadius Reviewer

Workday Financial Management

  • We only used this system for a short time before switching over to new software, but nothing from my experience. There are a lot of great tools with Workday Financial Management, I'm sure our other departments could have made great use out of features like inventory, expenses, or procurement.
Anonymous | TrustRadius Reviewer

Alternatives Considered

Munis

No answers on this topic

Workday Financial Management

  • It is a simple and intuitive solution that can be customized for your specific needs.
  • It unifies HR and finance, giving you predictive analytics, real-time insights, and global visibility.
  • It offers a single version of the tool to meet the requirements of diverse companies.
  • It integrates seamlessly with a large number of business apps and systems.
Zahra Najib | TrustRadius Reviewer

Return on Investment

Munis

  • Munis has prevented our office from needing multiple software programs to house all of our information.
  • All of our employees have access to the same information, on the same software.
  • Munis has made day-to-day operations smoother for our office because we are not constantly flipping between programs or software.
Kristen Reeves | TrustRadius Reviewer

Workday Financial Management

  • As a new starup affiliate five years ago, we did not have a huge budget. The ROI was met relatively quickly, no surprises here.
  • With minimal consulting assistance, this made the implementation cost reasonable, if any software implementation could be considered reasonable.
  • It was a risk to implement Workday Financial Management in one country but we did leverage it with HCM in the states.
Anonymous | TrustRadius Reviewer

Pricing Details

Munis

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Workday Financial Management

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

Munis
9.4
Workday Financial Management
9.5

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