What users are saying about
417 Ratings
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Score 7.5 out of 100
31 Ratings
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Score 7.5 out of 100

Likelihood to Recommend

NetSuite ERP

Cloud computing, in my opinion, is the future. Just like we pay for electricity as we use it, and do not have our own power generation plants, I believe the future of enterprise computing is a pay-as-you-use service. And other companies agree (Sage Intacct, SAP Business One, Microsoft Dynamics 365). NetSuite has been doing it since 1998. They clearly have a leg-up over all of these other companies.Perhaps a highly specialized organization with lots of custom software might not be a good fit. Customization of the platform is robust to an extend and there are many tools available for customization. However, native support for common languages like Python do not exist and the back-end totally customizable JavaScript platform does require some advanced skills. In fairness, we have not encountered a situation yet that the standard cloud customization tools were unable to solve so for us, this description is a problem we just don't have.
Mitchel Laman | 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

NetSuite ERP
7.7
Workday Financial Management
9.7
Pay calculation
NetSuite ERP
6.8
Workday Financial Management
9.7
Benefit plan administration
NetSuite ERP
7.2
Workday Financial Management
9.7
Direct deposit files
NetSuite ERP
7.6
Workday Financial Management
9.7
Salary revision and increment management
NetSuite ERP
8.9
Workday Financial Management
9.7
Reimbursement management
NetSuite ERP
7.8
Workday Financial Management
9.7

Customization

NetSuite ERP
7.2
Workday Financial Management
8.0
API for custom integration
NetSuite ERP
7.1
Workday Financial Management
8.0
Plug-ins
NetSuite ERP
7.3
Workday Financial Management
8.0

Security

NetSuite ERP
7.9
Workday Financial Management
9.9
Single sign-on capability
NetSuite ERP
8.1
Workday Financial Management
9.9
Role-based user permissions
NetSuite ERP
7.8
Workday Financial Management
9.9

Reporting & Analytics

NetSuite ERP
7.5
Workday Financial Management
9.7
Dashboards
NetSuite ERP
7.9
Workday Financial Management
9.7
Standard reports
NetSuite ERP
7.7
Workday Financial Management
9.8
Custom reports
NetSuite ERP
6.9
Workday Financial Management
9.7

General Ledger and Configurable Accounting

NetSuite ERP
7.2
Workday Financial Management
9.1
Accounts payable
NetSuite ERP
7.8
Workday Financial Management
9.8
Accounts receivable
NetSuite ERP
8.2
Workday Financial Management
9.8
Global Financial Support
NetSuite ERP
7.7
Workday Financial Management
8.8
Primary and Secondary Ledgers
NetSuite ERP
8.1
Workday Financial Management
8.0
Intercompany Accounting
NetSuite ERP
7.7
Workday Financial Management
8.0
Localizations
NetSuite ERP
8.3
Workday Financial Management
8.0
Journals and Reconciliations
NetSuite ERP
7.7
Workday Financial Management
9.8
Enterprise Accounting
NetSuite ERP
8.1
Workday Financial Management
Configurable Accounting
NetSuite ERP
8.0
Workday Financial Management
9.8
Centralized Rules Framework
NetSuite ERP
7.7
Workday Financial Management
9.8
Standardized Processes
NetSuite ERP
7.8
Workday Financial Management
9.8
Expense management
NetSuite ERP
Workday Financial Management
8.0

Inventory Management

NetSuite ERP
6.9
Workday Financial Management
Inventory tracking
NetSuite ERP
6.7
Workday Financial Management
Automatic reordering
NetSuite ERP
7.0
Workday Financial Management
Location management
NetSuite ERP
7.2
Workday Financial Management
Manufacturing module
NetSuite ERP
6.5
Workday Financial Management

Order Management

NetSuite ERP
7.6
Workday Financial Management
10.0
Pricing
NetSuite ERP
8.1
Workday Financial Management
Order entry
NetSuite ERP
7.7
Workday Financial Management
Credit card processing
NetSuite ERP
7.0
Workday Financial Management
10.0
Cost of goods sold
NetSuite ERP
8.1
Workday Financial Management
Order Orchestration
NetSuite ERP
7.7
Workday Financial Management
End-to-end order visibility
NetSuite ERP
7.6
Workday Financial Management
Order exception Resolution
NetSuite ERP
7.1
Workday Financial Management

Subledger and Financial Process

NetSuite ERP
7.5
Workday Financial Management
Automated Invoice Processing
NetSuite ERP
7.5
Workday Financial Management
Shared Services Payments
NetSuite ERP
7.6
Workday Financial Management
Billings Management
NetSuite ERP
7.7
Workday Financial Management
Customer Receipt Applications
NetSuite ERP
7.5
Workday Financial Management
Customer Collections
NetSuite ERP
7.8
Workday Financial Management
Revenue Recognition
NetSuite ERP
7.6
Workday Financial Management
Cash Management
NetSuite ERP
7.5
Workday Financial Management
Asset Management
NetSuite ERP
7.0
Workday Financial Management
Travel & Expense Management
NetSuite ERP
7.4
Workday Financial Management
Budgetary Control & Encumbrance Accounting
NetSuite ERP
7.1
Workday Financial Management
Period Close
NetSuite ERP
7.8
Workday Financial Management
Transactions Tax
NetSuite ERP
7.6
Workday Financial Management
Subledger Reconciliations
NetSuite ERP
7.3
Workday Financial Management
3rd Party Accounting Systems
NetSuite ERP
7.1
Workday Financial Management

Project Financial Management

NetSuite ERP
7.3
Workday Financial Management
Budgeting and Forecasting
NetSuite ERP
6.9
Workday Financial Management
Project Costing
NetSuite ERP
6.8
Workday Financial Management
Cost Capture
NetSuite ERP
7.0
Workday Financial Management
Capital Project Management
NetSuite ERP
8.2
Workday Financial Management
Customer Invoicing
NetSuite ERP
7.6
Workday Financial Management
Customer Contract Compliance
NetSuite ERP
7.8
Workday Financial Management
Project Revenue Recognition
NetSuite ERP
6.9
Workday Financial Management
Project Financial Performance Analysis
NetSuite ERP
7.4
Workday Financial Management
Project Financials Dashboard
NetSuite ERP
7.5
Workday Financial Management
Real-time Financial Reporting
NetSuite ERP
7.4
Workday Financial Management
Embedded Business Intelligence
NetSuite ERP
7.2
Workday Financial Management
Project Planning Collaboration
NetSuite ERP
6.6
Workday Financial Management

Project Execution Management

NetSuite ERP
7.5
Workday Financial Management
Project Planning and Scheduling
NetSuite ERP
6.8
Workday Financial Management
Project Manager Dashboard
NetSuite ERP
6.9
Workday Financial Management
Resource Manager Dashboard
NetSuite ERP
7.2
Workday Financial Management
Task Insight for Project Managers
NetSuite ERP
7.7
Workday Financial Management
Project Manager Mobile Functionality
NetSuite ERP
7.5
Workday Financial Management
Team Member Task Collaboration
NetSuite ERP
7.5
Workday Financial Management
Team Member Mobile Functionality
NetSuite ERP
7.3
Workday Financial Management
Project Candidate Search
NetSuite ERP
7.7
Workday Financial Management
Project Candidate Comparison and Analysis
NetSuite ERP
7.7
Workday Financial Management
Defineable Resource Pools
NetSuite ERP
8.3
Workday Financial Management
Defineable Resource Pools
NetSuite ERP
8.1
Workday Financial Management
Talent Profiles
NetSuite ERP
7.1
Workday Financial Management
Real-Time Project Reporting
NetSuite ERP
8.1
Workday Financial Management
Absence Management
NetSuite ERP
7.6
Workday Financial Management
Product Lifecycle Management
NetSuite ERP
7.8
Workday Financial Management

Grants Management

NetSuite ERP
7.5
Workday Financial Management
Award Lifecycle Management
NetSuite ERP
7.1
Workday Financial Management
Spending Control
NetSuite ERP
7.4
Workday Financial Management
Indirect Cost Management
NetSuite ERP
8.1
Workday Financial Management
Billing
NetSuite ERP
7.4
Workday Financial Management

Procurement

NetSuite ERP
7.7
Workday Financial Management
Sourcing Team Collaboration
NetSuite ERP
7.3
Workday Financial Management
Sourcing Analysis
NetSuite ERP
6.2
Workday Financial Management
Bids Analyzed and Compared
NetSuite ERP
7.6
Workday Financial Management
Catalog Shopping E-Commerce for Employees
NetSuite ERP
7.1
Workday Financial Management
Contract Authoring
NetSuite ERP
7.3
Workday Financial Management
Contract Compliance Management
NetSuite ERP
7.9
Workday Financial Management
Contract History
NetSuite ERP
8.1
Workday Financial Management
Contract Renewal Automation
NetSuite ERP
8.4
Workday Financial Management
Contract Repository
NetSuite ERP
7.9
Workday Financial Management
Contract Standardization and Enforcement
NetSuite ERP
7.9
Workday Financial Management
Electronic Signatures
NetSuite ERP
8.3
Workday Financial Management
Invoice Automated Matching
NetSuite ERP
7.5
Workday Financial Management
Purchasing Risk and Compliance Management
NetSuite ERP
7.4
Workday Financial Management
Requisitions-to-Purchase Orders Integrated
NetSuite ERP
7.9
Workday Financial Management
Spend Compliance Management
NetSuite ERP
7.6
Workday Financial Management
Supplier Assessment
NetSuite ERP
8.3
Workday Financial Management
Supplier Communication and Collaboration
NetSuite ERP
8.0
Workday Financial Management
Supplier Management
NetSuite ERP
8.3
Workday Financial Management
Supplier Portal
NetSuite ERP
7.8
Workday Financial Management

Risk Management

NetSuite ERP
7.9
Workday Financial Management
Risk Repository
NetSuite ERP
7.3
Workday Financial Management
Control Management
NetSuite ERP
7.6
Workday Financial Management
Control Mapping
NetSuite ERP
7.9
Workday Financial Management
Control Efficiency Assessments
NetSuite ERP
7.8
Workday Financial Management
Automated Control Assessments
NetSuite ERP
8.1
Workday Financial Management
Assessment Capture
NetSuite ERP
8.6
Workday Financial Management
Issue Detection
NetSuite ERP
8.0
Workday Financial Management
Automatic Notification
NetSuite ERP
8.0
Workday Financial Management
Remediation and Certification
NetSuite ERP
7.8
Workday Financial Management

Logistics

NetSuite ERP
7.0
Workday Financial Management
Transportation Planning and Optimization
NetSuite ERP
6.4
Workday Financial Management
Transportation Sourcing Management
NetSuite ERP
7.0
Workday Financial Management
Transportation Process Integration
NetSuite ERP
7.4
Workday Financial Management
Transportation Execution Management
NetSuite ERP
6.9
Workday Financial Management
Freight Payment Automation
NetSuite ERP
6.9
Workday Financial Management
Trade Management
NetSuite ERP
6.4
Workday Financial Management
Trade Regulatory Compliance Management
NetSuite ERP
7.8
Workday Financial Management
Customs Entry Management
NetSuite ERP
6.9
Workday Financial Management
Customs Document Management
NetSuite ERP
6.6
Workday Financial Management
Customs Document Collaboration
NetSuite ERP
6.8
Workday Financial Management
Fulfillment Management
NetSuite ERP
7.4
Workday Financial Management
Inventory Visibility
NetSuite ERP
7.2
Workday Financial Management
Warehouse Workforce Management
NetSuite ERP
6.6
Workday Financial Management

Manufacturing

NetSuite ERP
6.3
Workday Financial Management
Production Process Design
NetSuite ERP
6.9
Workday Financial Management
Supply Chain Business Flows
NetSuite ERP
6.1
Workday Financial Management
Production Management
NetSuite ERP
6.1
Workday Financial Management
Contracted Manufacturing Management
NetSuite ERP
6.0
Workday Financial Management
Configuration Management
NetSuite ERP
6.9
Workday Financial Management
Work Definition
NetSuite ERP
6.1
Workday Financial Management
Work Execution
NetSuite ERP
6.0
Workday Financial Management
Advanced Fulfillment
NetSuite ERP
6.6
Workday Financial Management
Manufacturing Costs
NetSuite ERP
6.2
Workday Financial Management

Supply Chain

NetSuite ERP
7.0
Workday Financial Management
Forecasting
NetSuite ERP
7.1
Workday Financial Management
Inventory Planning
NetSuite ERP
6.8
Workday Financial Management
Multi-tier Supply Chain Planning
NetSuite ERP
7.3
Workday Financial Management
Performance Monitoring
NetSuite ERP
7.0
Workday Financial Management

Product Lifecycle Management

NetSuite ERP
6.8
Workday Financial Management
Ideation Management
NetSuite ERP
6.7
Workday Financial Management
Requirements Management
NetSuite ERP
7.2
Workday Financial Management
Proposal Management
NetSuite ERP
5.9
Workday Financial Management
Innovation Portfolio Management
NetSuite ERP
6.8
Workday Financial Management
Product Master Data Management
NetSuite ERP
6.8
Workday Financial Management
Vendor Portal
NetSuite ERP
7.1
Workday Financial Management
Project Portfolio Management
NetSuite ERP
7.1
Workday Financial Management

Pros

NetSuite ERP

  • Custom records, fields and forms
  • Workflow automation
  • Mass updates and CSV imports making data management easy
  • Suitescript offers powerful ways to customize
  • Many modules available to a wide variety of business
  • Several bundles available that integrate with other services or add functionality to NetSuite
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

NetSuite ERP

  • NetSuite does have great customization capabilities, however, this can also make it difficult to track and maintain custom workflows and scripts as business needs change, especially with different subsidiaries having different process requirements. Essentially, the more you customize the system, the more you need to maintain documentation for reference.
  • NetSuite has a fantastic reporting tool called a "Saved Search." For financial and other similar reports, you must use the NetSuite "Report" feature. This reporting feature is not as flexible as the Saved Search and I have found that certain reports cannot be customized as required using the "Report" feature.
  • The Project Management module still has some work to go before it is flexible enough for companies to use NetSuite for their own customized processes. The module is fairly inflexible, and at a previous company we had around 10-15 enhancement requests alone relating to this module.
Sonny Spencer, ACA | 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

NetSuite ERP

NetSuite ERP 8.0
Based on 22 answers
I am not the decision maker for this but I believe our company will be sticking with NetSuite for the long term. A CRM like this is a big investment and not something you move away from quickly and without a lot of planning. There is a lot of data involved and importing that into a new system is no easy task.
Billy Barker | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Usability

NetSuite ERP

NetSuite ERP 9.0
Based on 11 answers
Through creation of various dashboards and KPIs the user does not really need to get very technically involved. They simply need to understand how to fill out a form, and through proper workflow creations they can be alerted when it is time to provide the necessary information or perform a necessary action to complete the next phase of the business process.
Felix Garbuz | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Reliability and Availability

NetSuite ERP

NetSuite ERP 9.4
Based on 26 answers
It has been very reliable. I can only think of 1-2 times in 4.5 years that we have had issues getting in, and in each case were able to get back in within 1 hour. There has not been a major downtime
Anonymous | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Performance

NetSuite ERP

NetSuite ERP 7.7
Based on 24 answers
Most of the time the performance is very good. Pages load in a few seconds; financial reports take less than 5 seconds; basic searches take a few seconds. But performance can be sporadic throughout the day and cause the run time to triple.
Pamela Roberts | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Support Rating

NetSuite ERP

NetSuite ERP 1.0
Based on 20 answers
In my opinion, the best place to go to answer your NetSuite functionality questions is their Online Help. It is excellent. For true support questions, NetSuite offers a Knowledgebase to its customers. Also, for ERP, NetSuite has licensed accountants that provide support. With any support organization, you must be thorough in describing your issue though.

NetSuite has several different support levels - http://www.netsuite.com/portal/services/support_main.shtml
Rob Gottschalk | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

In-Person Training

NetSuite ERP

NetSuite ERP 7.3
Based on 2 answers
I had in person training for a day when first got the software. The training was good. The challenge was that there was a large gap between training and when we went live so we forgot quite a lot
Anonymous | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Online Training

NetSuite ERP

NetSuite ERP 8.0
Based on 7 answers
Online training is quite strong. I have used for specific pieces of functionality.However it is not sufficient in all areas.
Anonymous | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Implementation Rating

NetSuite ERP

NetSuite ERP 7.3
Based on 18 answers
Implementation was fine but could have gone quicker.

NetSuite provided me a implementation guide who I did not think was very knowledgeable.

I recommend that you make sure the organization knows how they are going to use the software and come up with an implementation plan before importing all of the data.
Anonymous | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Alternatives Considered

NetSuite ERP

I have used simple accounting systems like QuickBooks, and I have used huge outdated systems like SAP. NetSuite is far superior to both of them. I wouldn't say its better than QuickBooks but maybe just for a different audience. QuickBooks is really for small companies. SAP, however, at least the implementation I used, was barely usable and effectively hid the data we needed from us because it was nearly impossible to pull from the system even with dedicated staff to help.
Chris Snelling, CFA | 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

Scalability

NetSuite ERP

NetSuite ERP 8.4
Based on 5 answers
We have been able to scale our business 25X without any major overhaul with Netsuite. Its dashboard setup makes onboarding new employees very easy and allows data to be shared across multiple offices. Its cloud setup does not put any pressure on IT to scale servers or other infrastructure. We have been able to become much more efficient in all aspects of the business.
Aaron Kleinhandler | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Return on Investment

NetSuite ERP

  • Stress levels WAY down since dumping our previous Billing system and installing SuiteBilling. The ease of navigating, viewing data in sensible places, reporting and having more data in one place has made many of my users use words like "amazing" and "what a relief." Don't underestimate worker stress and enjoyment of their tool.
  • Fewer vendors and products to manage and to integrate. I oversee 10+ financially-related applications and their vendors. Dealing with the nuances of the contracts, the products and the people with whom I must deal (sales, support, product management) adds a lot of time and complexity. It also reduces the challenge of my SOX-related efforts.
  • Auditors and those of us supporting SOX-related efforts LOVE NetSuite, especially compared to other systems. The controls and auditing available are indispensable, whether it's to keep us accountable to ourselves or to the auditors.
Joshua Henke | 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

NetSuite ERP

General

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

NetSuite ERP Editions & Modules

Edition
Base License$9991
Access Cost$992
  1. per month
  2. per user per month
Additional Pricing Details

Workday Financial Management

General

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

Workday Financial Management Editions & Modules

Additional Pricing Details

Rating Summary

Likelihood to Recommend

NetSuite ERP
6.5
Workday Financial Management
9.8

Likelihood to Renew

NetSuite ERP
8.0
Workday Financial Management

Usability

NetSuite ERP
9.0
Workday Financial Management

Reliability and Availability

NetSuite ERP
9.4
Workday Financial Management

Performance

NetSuite ERP
7.7
Workday Financial Management

Support Rating

NetSuite ERP
1.0
Workday Financial Management

In-Person Training

NetSuite ERP
7.3
Workday Financial Management

Online Training

NetSuite ERP
8.0
Workday Financial Management

Implementation Rating

NetSuite ERP
7.3
Workday Financial Management

Scalability

NetSuite ERP
8.4
Workday Financial Management

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