What users are saying about
67 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 6.2 out of 100
58 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 8.2 out of 100

Feature Set Ratings

  • Workday Financial Management ranks higher in 7 feature sets: Payroll Management, Customization, Security, Reporting & Analytics, General Ledger and Configurable Accounting, Inventory Management, Order Management

Payroll Management

6.6

MYOB

66%
8.1

Workday Financial Management

81%
Workday Financial Management ranks higher in 5/5 features

Pay calculation

7.1
71%
11 Ratings
8.0
80%
4 Ratings

Benefit plan administration

6.5
65%
7 Ratings
8.0
80%
4 Ratings

Direct deposit files

6.8
68%
9 Ratings
8.5
85%
4 Ratings

Salary revision and increment management

6.5
65%
7 Ratings
8.0
80%
3 Ratings

Reimbursement management

6.2
62%
7 Ratings
8.0
80%
4 Ratings

Customization

5.5

MYOB

55%
8.8

Workday Financial Management

88%
Workday Financial Management ranks higher in 2/2 features

API for custom integration

5.4
54%
6 Ratings
8.7
87%
4 Ratings

Plug-ins

5.5
55%
5 Ratings
9.0
90%
4 Ratings

Security

6.8

MYOB

68%
9.3

Workday Financial Management

93%
Workday Financial Management ranks higher in 2/2 features

Single sign-on capability

6.6
66%
10 Ratings
9.5
95%
6 Ratings

Role-based user permissions

7.1
71%
11 Ratings
9.0
90%
5 Ratings

Reporting & Analytics

6.0

MYOB

60%
8.9

Workday Financial Management

89%
Workday Financial Management ranks higher in 3/3 features

Dashboards

6.2
62%
10 Ratings
9.0
90%
7 Ratings

Standard reports

6.4
64%
11 Ratings
8.8
88%
7 Ratings

Custom reports

5.5
55%
10 Ratings
9.0
90%
7 Ratings

General Ledger and Configurable Accounting

5.3

MYOB

53%
7.9

Workday Financial Management

79%
MYOB ranks higher in 11/21 features

Accounts payable

6.4
64%
15 Ratings
7.0
70%
4 Ratings

Accounts receivable

6.4
64%
15 Ratings
7.0
70%
4 Ratings

Cash management

5.8
58%
14 Ratings
N/A
0 Ratings

Bank reconciliation

6.4
64%
15 Ratings
N/A
0 Ratings

Expense management

6.5
65%
11 Ratings
N/A
0 Ratings

Time tracking

5.6
56%
6 Ratings
N/A
0 Ratings

Fixed asset management

5.0
50%
8 Ratings
N/A
0 Ratings

Multi-currency support

3.3
33%
7 Ratings
N/A
0 Ratings

Multi-division support

3.7
37%
6 Ratings
N/A
0 Ratings

Regulations compliance

4.9
49%
8 Ratings
N/A
0 Ratings

Electronic tax filing

5.9
59%
9 Ratings
N/A
0 Ratings

Self-service portal

5.4
54%
7 Ratings
N/A
0 Ratings

Global Financial Support

5.9
59%
5 Ratings
8.3
83%
5 Ratings

Primary and Secondary Ledgers

5.6
56%
7 Ratings
8.3
83%
5 Ratings

Intercompany Accounting

3.9
39%
5 Ratings
8.5
85%
5 Ratings

Localizations

5.9
59%
5 Ratings
7.5
75%
3 Ratings

Journals and Reconciliations

5.8
58%
11 Ratings
6.5
65%
4 Ratings

Enterprise Accounting

4.7
47%
4 Ratings
N/A
0 Ratings

Configurable Accounting

5.4
54%
8 Ratings
9.0
90%
6 Ratings

Centralized Rules Framework

3.9
39%
3 Ratings
8.5
85%
6 Ratings

Standardized Processes

5.6
56%
7 Ratings
8.5
85%
6 Ratings

Inventory Management

5.0

MYOB

50%
9.0

Workday Financial Management

90%
Workday Financial Management ranks higher in 3/4 features

Inventory tracking

6.6
66%
8 Ratings
9.0
90%
1 Rating

Automatic reordering

4.7
47%
5 Ratings
9.0
90%
1 Rating

Location management

4.5
45%
5 Ratings
9.0
90%
1 Rating

Manufacturing module

4.3
43%
5 Ratings
N/A
0 Ratings

Order Management

5.5

MYOB

55%
8.5

Workday Financial Management

85%
MYOB ranks higher in 6/7 features

Pricing

5.5
55%
6 Ratings
N/A
0 Ratings

Order entry

5.5
55%
6 Ratings
N/A
0 Ratings

Credit card processing

5.5
55%
5 Ratings
8.5
85%
3 Ratings

Cost of goods sold

5.5
55%
6 Ratings
N/A
0 Ratings

Order Orchestration

5.5
55%
4 Ratings
N/A
0 Ratings

End-to-end order visibility

5.5
55%
4 Ratings
N/A
0 Ratings

Order exception Resolution

5.5
55%
4 Ratings
N/A
0 Ratings

Attribute Ratings

  • Workday Financial Management is rated higher in 3 areas: Likelihood to Recommend, Usability, Support Rating

Likelihood to Recommend

5.4

MYOB

54%
17 Ratings
8.3

Workday Financial Management

83%
7 Ratings

Likelihood to Renew

9.5

MYOB

95%
2 Ratings

Workday Financial Management

N/A
0 Ratings

Usability

5.7

MYOB

57%
13 Ratings
7.8

Workday Financial Management

78%
4 Ratings

Support Rating

5.3

MYOB

53%
14 Ratings
8.5

Workday Financial Management

85%
4 Ratings

Implementation Rating

5.0

MYOB

50%
2 Ratings

Workday Financial Management

N/A
0 Ratings

Ease of integration

1.0

MYOB

10%
1 Rating

Workday Financial Management

N/A
0 Ratings

Likelihood to Recommend

MYOB

MYOB is suitable for any business. I have two different businesses and both use MYOB effectively. I use MYOB to pay wages every fortnight for both businesses. This enables me to track exactly what is happening with everyone's different sick leave and holiday entitlements easily. I'm also able to keep track of expenditure and balance and reconcile the accounts against bank statements.
Read full review

Workday

Financial reporting is sometimes tricky in our field because
some oil and gas fields are depleted, and the standard methods of activating
abandoned oil wells will have high-cost variability. Therefore, in this scenario, Workday Financial Management made internal financial reporting statements pretty seamless, where initial
bid and field cost can be incorporated very easily in an asset-wise manner.
Also, cloud-based sharing was never a problem, and our lease operators never had
a problem understanding which reports belong to which asset.
Read full review

Pros

MYOB

  • MYOB is very easy to navigate and find the correct information.
  • The Help section was very straight forward and very easy to learn.
  • MYOB was a great accounting tool for our business as it provided the accountant, sales, etc all of the information they need all in one place.
Read full review

Workday

  • Workday is very organized and user friendly. I haven't heard this from any of my co workers that they faced a hard time navigating around or getting technical support.
  • The platform offers variety of options for the company to offer to their employees. This includes easy access to their time off balance, hours they have worked, and accessing pay stubs any time.
  • One of the biggest thing I notice on a lot of technical platforms is that they don't notify their users of any updates they may be making on their website but workday does a great job of notifying its user way ahead of time of any updates they may be doing
Read full review

Cons

MYOB

  • [In my opinion,] horrible interface to import data
  • [In my opinion,] user interface stuck in 1995
  • Needs improvement to usability
  • Contestant price increases
  • [In my opinion,] new in-app advertising is annoying
  • Countless different windows to do simple tasks like onboard an employee
  • [In my experience,] too slow
Read full review

Workday

  • We were surprised by the lack of user guides and supporting information for day-to-day users. Granted, we could find this, but our users like guides.
  • The system could improve with contact help and chat functions if you need the answers quickly. We figured this would all have been built in.
  • Quite surprised by the lack of treasury management functionality. SAP and Oracle have it, although their modules are not that comprehensive or user friendly.
Read full review

Pricing Details

MYOB

Starting Price

Editions & Modules

MYOB editions and modules pricing
EditionModules

Footnotes

    Offerings

    Free Trial
    Free/Freemium Version
    Premium Consulting/Integration Services

    Entry-level set up fee?

    No setup fee

    Additional Details

    Workday Financial Management

    Starting Price

    Editions & Modules

    Workday Financial Management editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Likelihood to Renew

      MYOB

      Our clients seems hesitant to change softwares so I don't see why we wouldn't be renewing with MYOB
      Read full review

      Workday

      No answers on this topic

      Usability

      MYOB

      All of the MYOB products are easy to use. Most of our clients use MYOB ACE payroll and Essentials but some of the customers who are proper accounts use a range of products like Account Right MYOB AE/AO, Practice manager, TAX manager, etc. I have never heard of any complaints and the support contacts are always approachable.
      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

      MYOB

      MYOB accounting software basically works but looks and functions like 1998. Unfortunately their Antipiracy licensing system is absolutely TERRIBLE and verging on nearly criminal, scam! You must CONFIRM each and every data file and when it doesnt work you have to PAY THEM to fix their own file protection issues. If you dont pay them, they hold your data hostage as your company accounting information file becomes READ ONLY. Permantly, unless you pay them. This is a total extortion SCAM. I cannot believe a company can operate this way. With a lot of better product available... i dont imagine MYOB is going to survive much longer.
      Read full review

      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.
      Read full review

      Alternatives Considered

      MYOB

      Not even close. Though I will say MYOB had a budget module where Zoho Books doesn't which is one thing severely lacking in Zoho Books. On the other hand, Zoho Books allows for payment processing integration without trying to get a cut from the process whereas MYOB allowed for payment processing but you had to go through their service only and it wasn't cheap.
      Read full review

      Workday

      I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it!
      Read full review

      Return on Investment

      MYOB

      • It was great when we first started using it but there was a time when MYOB stopped supporting payroll tax tables for Apple computers and so we made the switch.
      • While we were using it staying on top of all of the pesky accounting details was a breeze.
      • We were very detail oriented to begin with and had a thorough understanding of basic accounting principles but anyone without even basic knowledge can quickly set up MYOB and get running fairly quickly and provide detailed reports to their CPA or CFO consultant for a deeper analysis of their business.
      Read full review

      Workday

      • Quick and non-glitchy financial reporting.
      • As more people use it, inter-department talks are always there as HR and Project managers are talking about the same software.
      • The disturbance in service is no longer the problem as It integrates the three different sectors of financial reporting.
      Read full review

      Add comparison