Munis vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Munis
Score 6.8 out of 10
N/A
Tyler Technologies offers Munis, their ERP suite for public sector entities. The modules are Munis Financial Management, Munis Human Capital Management, Munis Procurement, Munis Revenue, Munis Tax Billing & Collection, and Munis Utility BIlling CIS. Additionally, the ERP may include and integrate modules from the Tyler suite of education products.N/A
Workday Financial Management
Score 8.3 out of 10
N/A
Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model,…N/A
Pricing
MunisWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
MunisWorkday 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
MunisWorkday Financial Management
Considered Both Products
Munis

No answer on this topic

Workday Financial Management
Chose Workday Financial Management
Workday Financial Management provides additional capabilities like real time financial analytics creation, easy tracking of multiple projects expense and management of all project financial data from one platform. CRM features are also impressive, billing tools and the online …
Top Pros
Top Cons
Features
MunisWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Munis
8.8
1 Ratings
20% above category average
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation10.01 Ratings8.418 Ratings
Benefit plan administration6.01 Ratings8.716 Ratings
Direct deposit files9.01 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
Munis
10.0
1 Ratings
32% above category average
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration10.01 Ratings8.314 Ratings
Plug-ins10.01 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
Munis
10.0
2 Ratings
21% above category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability10.02 Ratings8.720 Ratings
Role-based user permissions10.02 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Munis
9.3
3 Ratings
29% above category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards10.03 Ratings8.423 Ratings
Standard reports9.93 Ratings8.820 Ratings
Custom reports8.03 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Munis
9.8
3 Ratings
25% above category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable10.02 Ratings9.015 Ratings
Accounts receivable10.02 Ratings9.115 Ratings
Global Financial Support10.02 Ratings8.516 Ratings
Primary and Secondary Ledgers10.02 Ratings8.716 Ratings
Journals and Reconciliations10.03 Ratings8.813 Ratings
Configurable Accounting10.02 Ratings8.316 Ratings
Standardized Processes9.13 Ratings8.916 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Munis
10.0
1 Ratings
25% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Credit card processing10.01 Ratings9.110 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Munis
9.5
3 Ratings
25% above category average
Workday Financial Management
-
Ratings
Billing Management10.01 Ratings00 Ratings
Cash and Asset Management9.13 Ratings00 Ratings
Travel & Expense Management10.02 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting10.03 Ratings00 Ratings
Period Close9.13 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Munis
9.5
2 Ratings
22% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting10.02 Ratings00 Ratings
Project Costing7.02 Ratings00 Ratings
Cost Capture7.02 Ratings00 Ratings
Capital Project Management10.01 Ratings00 Ratings
Customer Contract Compliance10.01 Ratings00 Ratings
Project Revenue Recognition10.01 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Munis
10.0
1 Ratings
36% above category average
Workday Financial Management
-
Ratings
Requisitions-to-Purchase Orders Integrated10.01 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Munis
-
Ratings
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking00 Ratings9.09 Ratings
Automatic reordering00 Ratings8.69 Ratings
Location management00 Ratings8.68 Ratings
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User Ratings
MunisWorkday Financial Management
Likelihood to Recommend
9.1
(3 ratings)
8.6
(23 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.5
(5 ratings)
Support Rating
-
(0 ratings)
9.6
(5 ratings)
User Testimonials
MunisWorkday Financial Management
Likelihood to Recommend
Tyler Technologies
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.
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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
Tyler Technologies
  • 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.
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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
Tyler Technologies
  • 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
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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Usability
Tyler Technologies
No answers on this topic
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
Tyler Technologies
No answers on this topic
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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Alternatives Considered
Tyler Technologies
No answers on this topic
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
Tyler Technologies
  • 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.
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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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