What users are saying about
28 Ratings
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Top Rated
337 Ratings
28 Ratings
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Score 3.8 out of 100

Workday HCM

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Top Rated
337 Ratings
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Score 8.1 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 HCM

Workday HCM requires constant and a lot of HRIS support and in the event that a company cannot afford to staff accordingly it may create a lot of frustration. The system allows for a lot of flexibility in customizing and automating processes; however, that also requires constant maintenance by an experienced technical team. Workday HCM is a great solution for companies that are looking to capitalize on employee and manager self-service, standardization of practices, compliance and automation.
Monika Ganeva | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

MYOB
1.4
Workday HCM
8.2
Pay calculation
MYOB
2.0
Workday HCM
8.2
Benefit plan administration
MYOB
1.0
Workday HCM
8.4
Direct deposit files
MYOB
1.0
Workday HCM
8.7
Salary revision and increment management
MYOB
1.0
Workday HCM
7.9
Reimbursement management
MYOB
2.0
Workday HCM
8.6
Support for external payroll vendors
MYOB
Workday HCM
7.3

Customization

MYOB
4.5
Workday HCM
API for custom integration
MYOB
4.0
Workday HCM
Plug-ins
MYOB
5.0
Workday HCM

Security

MYOB
6.1
Workday HCM
Single sign-on capability
MYOB
6.4
Workday HCM
Role-based user permissions
MYOB
5.8
Workday HCM

Reporting & Analytics

MYOB
5.6
Workday HCM
Dashboards
MYOB
3.3
Workday HCM
Standard reports
MYOB
7.1
Workday HCM
Custom reports
MYOB
6.5
Workday HCM

General Ledger and Configurable Accounting

MYOB
4.5
Workday HCM
Accounts payable
MYOB
5.4
Workday HCM
Accounts receivable
MYOB
6.4
Workday HCM
Cash management
MYOB
5.4
Workday HCM
Bank reconciliation
MYOB
7.0
Workday HCM
Expense management
MYOB
7.4
Workday HCM
Time tracking
MYOB
1.0
Workday HCM
Fixed asset management
MYOB
5.5
Workday HCM
Multi-currency support
MYOB
1.0
Workday HCM
Multi-division support
MYOB
1.0
Workday HCM
Regulations compliance
MYOB
5.0
Workday HCM
Electronic tax filing
MYOB
5.0
Workday HCM
Self-service portal
MYOB
4.0
Workday HCM

Inventory Management

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

Order Management

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

Human Resource Management

MYOB
Workday HCM
8.6
Employee demographic data
MYOB
Workday HCM
9.0
Employment history
MYOB
Workday HCM
8.6
Job profiles and administration
MYOB
Workday HCM
8.6
Workflow for transfers, promotions, pay raises, etc.
MYOB
Workday HCM
8.7
Organizational charting
MYOB
Workday HCM
9.0
Organization and location management
MYOB
Workday HCM
8.7
Compliance data (COBRA, OSHA, etc.)
MYOB
Workday HCM
7.4

Leave and Attendance Management

MYOB
Workday HCM
8.6
Approval workflow
MYOB
Workday HCM
9.1
Balance details
MYOB
Workday HCM
8.3
Annual carry-forward and encashment
MYOB
Workday HCM
8.5

Employee Self Service

MYOB
Workday HCM
8.7
View and generate pay and benefit information
MYOB
Workday HCM
9.4
Update personal information
MYOB
Workday HCM
8.8
View company policy documentation
MYOB
Workday HCM
9.0
Employee recognition
MYOB
Workday HCM
8.0
View job history
MYOB
Workday HCM
8.6

Asset Management

MYOB
Workday HCM
8.2
Tracking of all physical assets
MYOB
Workday HCM
8.2

HR Reporting

MYOB
Workday HCM
7.5
Report builder
MYOB
Workday HCM
7.8
Pre-built reports
MYOB
Workday HCM
7.7
Ability to combine HR data with external data
MYOB
Workday HCM
7.1

Onboarding

MYOB
Workday HCM
9.0
New hire portal
MYOB
Workday HCM
9.2
Manager tracking tools
MYOB
Workday HCM
8.9

Performance and Goals

MYOB
Workday HCM
8.3
Corporate goal setting
MYOB
Workday HCM
8.5
Individual goal setting
MYOB
Workday HCM
8.4
Line-of sight-visibility
MYOB
Workday HCM
8.0
Performance tracking
MYOB
Workday HCM
8.3

Performance Management

MYOB
Workday HCM
8.4
Performance plans
MYOB
Workday HCM
8.2
Performance improvement plans
MYOB
Workday HCM
8.3
Review status tracking
MYOB
Workday HCM
8.5
Review reminders
MYOB
Workday HCM
8.1
Multiple review frequency
MYOB
Workday HCM
9.0

Succession Planning

MYOB
Workday HCM
9.0
Create succession plans/pools
MYOB
Workday HCM
9.1
Candidate ranking
MYOB
Workday HCM
8.7
Candidate search
MYOB
Workday HCM
9.1
Candidate development
MYOB
Workday HCM
9.0

Recruiting / ATS

MYOB
Workday HCM
8.2
Job Requisition Management
MYOB
Workday HCM
8.6
Company Website Posting
MYOB
Workday HCM
8.3
Publish to Social Media
MYOB
Workday HCM
8.7
Job Search Site Posting
MYOB
Workday HCM
7.8
Duplicate Candidate Prevention
MYOB
Workday HCM
7.9
Applicant Tracking
MYOB
Workday HCM
8.2
Notifications and Alerts
MYOB
Workday HCM
7.9

Pros

MYOB

  • Invoices
  • Purchase Orders
Anonymous | TrustRadius Reviewer

Workday HCM

  • Since it is cloud based, it does not have version control issues (e.g. get 10 years behind on versions that are no longer supported), or the need for constant upgrades. This is completed behind the scenes.
  • The flexibility of Workday HCM implementation and then taking it to day to day operations was superior. You can then blow and out and start using other system cababilities when ready.
  • To enter the system, we must use multi-factor authentication for additional security of employee data. A user downloads their reports and then they are shown in their archive of work transactions and history.
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 HCM

  • This is very specific, but I wish there was a way to search by a field and see which reports are using that field. For example, if I want to see how many direct reports each of our managers have. I know I have a field called "Number of Direct Reports" but I can't remember which reports I have used that field in, so I end up having to create a brand new report.
  • I do wish some of the larger reports would run faster. I sometimes end up having to come back later to get the results.
  • The formatting of email notifications could be better. They come in plain text emails which are hard to read.
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 HCM

Workday HCM 10.0
Based on 17 answers
It is work to make one system the source of truth for our data, but now that it is done, there is less work involved in staying on this path. This means for us that maintaining and/or implementing new modules like performance, finance, talent, etc. is simple. It's a no-brainer
Anonymous | TrustRadius Reviewer

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 HCM

Workday HCM 8.9
Based on 12 answers
Workday's on a great path in terms of user experience. Their goals is to deliver a use experience that doesn't require training or instruction, like Amazon on the consumer side for example. That's hard to do when you're talking about complex business processes and important and sensitive employee information, but they're doing it well
Amanda Easton | TrustRadius Reviewer

Reliability and Availability

MYOB

No score
No answers yet
No answers on this topic

Workday HCM

Workday HCM 10.0
Based on 10 answers
In 2014, Workday has changed the update process. There will be two updates a year; the updates will be delivered to customers typically in a 24 hour window during these two weekends a year. They also keep the Community up-to-date about any planned outages, etc. There is weekly scheduled downtime on Friday night.
Jeff Greening | TrustRadius Reviewer

Performance

MYOB

No score
No answers yet
No answers on this topic

Workday HCM

Workday HCM 10.0
Based on 9 answers
From my perspective, the system runs like a well oiled machine and I have not had any issues with customers complaining about speed. If a report is taking long to run, the report can run in the background and you can go about your business. For larger enterprises, there is additional space and machines to process the application in what Workday refers to it as Extended Configuration Tenant
Jeff Greening | TrustRadius Reviewer

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 HCM

Workday HCM 8.3
Based on 44 answers
Workday is still learning about the needs of higher education. I have seen rapid improvement in support and knowledge over the last year so am confident this will continue to improve. Overall however, I have found the Support Team to be extremely responsive and Workday offers the advantage of having support across several timezones so that we never wait more than a few hours for a response.
Linda Buckley | TrustRadius Reviewer

In-Person Training

MYOB

No score
No answers yet
No answers on this topic

Workday HCM

Workday HCM 9.6
Based on 6 answers
Some training is offered online. Cost is per-person. This also gets quite expensive. Training doesn’t follow a logical path A to B. Starts in middle. When you try to do it afterwards at your desk, difficult.
• Training scenarios are not very real
Anonymous | TrustRadius Reviewer

Online Training

MYOB

No score
No answers yet
No answers on this topic

Workday HCM

Workday HCM 7.0
Based on 7 answers
I have done for report writing and mass imports (EIBs). They give materials and you run through examples, i.e. you don’t just watch them do tasks, so that is helpful. Training is expensive – a single reporting writing class is $600 per person for virtual training
Anonymous | TrustRadius Reviewer

Implementation Rating

MYOB

MYOB 5.0
Based on 1 answer
No answer on this topic is available.

Workday HCM

Workday HCM 10.0
Based on 25 answers
It was implemented before my joining the company. At my last company, we used Workday professional services.

Based upon my experience at my last company, I would rate the implementation experience an 8/10. There are different ways to set things up and we had different people telling us different things. It set us back a couple of times.

Regarding configuration advice, we could set things up where every manager has supervisory organizations, or have it financially based i.e. aligned to cost center/department. We chose the individual manager path and I think we should have chosen a department route. Going down the individual manager path, to maintain the information, we have to inactivate a supervisory org whenever a manager changes/leaves.
Anonymous | TrustRadius Reviewer

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 HCM

Previously I have used internally created tools similar to workday that are not available to the public, however, Workday is much more intuitive in comparison has much stronger impact than other tools I have used and many times easier to navigate to the areas where you want to be than any other tool I have used.
Anonymous | TrustRadius Reviewer

Scalability

MYOB

No score
No answers yet
No answers on this topic

Workday HCM

Workday HCM 10.0
Based on 2 answers
Workday has released Financials and is continuing to develop it's Human Capital Management footprint with the addition of Workday Recruiting. I think customers will find that is easy to add on additional functionality in the system.Workday does make it easy for customers to make changes without relying on IT resources. The Business Process framework is a visual tool that allows functional resources to make changes and see the flow of the transaction
Jeff Greening | 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 HCM

  • Gave us almost 4 hours per HR rep back on new hire day 1. We have a start date every 4 weeks and the manual entry of paperwork that was able to be eliminated with Workday has allowed us to put more HR reps in the classroom to aid with more important day 1 tasks.
  • Simplified search - the backend information is now housed in a simple database that allows me to pull with employee first or last name, or user ID.
  • We paid more for this solution, but we've seen a 33% increase in employee interaction since doing so.
Zach Wasson | TrustRadius Reviewer

Pricing Details

MYOB

General

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

Workday HCM

General

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

Rating Summary

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