What users are saying about
28 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 3.8 out of 100
26 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 7.7 out of 100

Likelihood to Recommend

MYOB

For a smaller business who isn't interested in having more than one user I think MYOB can serve them well. But if they want multiple users or are using virtual assistants there are better cloud based apps that are much more affordable and have far greater enhancements as well as integrations
Stephen Lalla | 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

MYOB
1.4
Workday Financial Management
9.3
Pay calculation
MYOB
2.0
Workday Financial Management
9.3
Benefit plan administration
MYOB
1.0
Workday Financial Management
9.3
Direct deposit files
MYOB
1.0
Workday Financial Management
9.3
Salary revision and increment management
MYOB
1.0
Workday Financial Management
9.3
Reimbursement management
MYOB
2.0
Workday Financial Management
9.3

Customization

MYOB
4.5
Workday Financial Management
8.0
API for custom integration
MYOB
4.0
Workday Financial Management
8.0
Plug-ins
MYOB
5.0
Workday Financial Management
8.0

Security

MYOB
6.1
Workday Financial Management
9.8
Single sign-on capability
MYOB
6.4
Workday Financial Management
9.8
Role-based user permissions
MYOB
5.8
Workday Financial Management
9.8

Reporting & Analytics

MYOB
5.6
Workday Financial Management
9.4
Dashboards
MYOB
3.3
Workday Financial Management
9.3
Standard reports
MYOB
7.1
Workday Financial Management
9.5
Custom reports
MYOB
6.5
Workday Financial Management
9.3

General Ledger and Configurable Accounting

MYOB
4.5
Workday Financial Management
8.9
Accounts payable
MYOB
5.4
Workday Financial Management
9.5
Accounts receivable
MYOB
6.4
Workday Financial Management
9.5
Cash management
MYOB
5.4
Workday Financial Management
Bank reconciliation
MYOB
7.0
Workday Financial Management
Expense management
MYOB
7.4
Workday Financial Management
8.0
Time tracking
MYOB
1.0
Workday Financial Management
Fixed asset management
MYOB
5.5
Workday Financial Management
Multi-currency support
MYOB
1.0
Workday Financial Management
Multi-division support
MYOB
1.0
Workday Financial Management
Regulations compliance
MYOB
5.0
Workday Financial Management
Electronic tax filing
MYOB
5.0
Workday Financial Management
Self-service portal
MYOB
4.0
Workday Financial Management
Global Financial Support
MYOB
Workday Financial Management
8.5
Primary and Secondary Ledgers
MYOB
Workday Financial Management
8.0
Intercompany Accounting
MYOB
Workday Financial Management
8.0
Localizations
MYOB
Workday Financial Management
8.0
Journals and Reconciliations
MYOB
Workday Financial Management
9.5
Configurable Accounting
MYOB
Workday Financial Management
9.5
Centralized Rules Framework
MYOB
Workday Financial Management
9.5
Standardized Processes
MYOB
Workday Financial Management
9.5

Inventory Management

MYOB
1.5
Workday Financial Management
Inventory tracking
MYOB
3.0
Workday Financial Management
Automatic reordering
MYOB
1.0
Workday Financial Management
Location management
MYOB
1.0
Workday Financial Management
Manufacturing module
MYOB
1.0
Workday Financial Management

Order Management

MYOB
4.9
Workday Financial Management
10.0
Pricing
MYOB
6.1
Workday Financial Management
Order entry
MYOB
6.5
Workday Financial Management
Credit card processing
MYOB
1.0
Workday Financial Management
10.0
Cost of goods sold
MYOB
6.0
Workday Financial Management

Pros

MYOB

  • Invoices
  • Purchase Orders
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

MYOB

  • Allows the client to manipulate dates when that can screw up their books
  • constantly freezes which causes the file to be corrupt
  • force balances the balance sheet
Kati Hesley | 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

Likelihood to Renew

MYOB

MYOB 9.5
Based on 2 answers
We have been looking in to other cloud based accounting options.
Anonymous | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Usability

MYOB

MYOB 10.0
Based on 1 answer
It is easy to use - I just don't agree with restrictions and functionality
Kati Hesley | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Support Rating

MYOB

MYOB 1.0
Based on 1 answer
They aren't willing to help at all unless you pay
Kati Hesley | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

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.
Stephen Lalla | TrustRadius Reviewer

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

MYOB

  • MYOB dropped software updates for Apple IOS
  • Lack of software updates / support had a MAJOR NEGATIVE IMPACT
Anonymous | 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

MYOB

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

MYOB
1.0
Workday Financial Management
9.5

Likelihood to Renew

MYOB
9.5
Workday Financial Management

Usability

MYOB
10.0
Workday Financial Management

Support Rating

MYOB
1.0
Workday Financial Management

Implementation Rating

MYOB
5.0
Workday Financial Management

Add comparison