What users are saying about
368 Ratings
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Score 7.1 out of 100
26 Ratings
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Score 7.7 out of 100

Likelihood to Recommend

NetSuite

I am a huge advocate for NetSuite, because the system is user-friendly (after a little training) and because it is so customizable. I would recommend NetSuite to any business with more than one company and especially businesses with companies based in more than one country. Small, medium and large companies can leverage the NetSuite platform to suit their needs, whether simple or complex.NetSuite has a number of taxation features that can help to automate return filings, so any business looking to systematize certain tax areas will find the system very useful.NetSuite allows great transparency across an organization and adopts a "one source of truth" methodology. If you have Finance, Accounting, Marketing, Sales, Operations, etc. all working in the same platform and working with the same data, there is less room for data discrepancies and more reliance can be placed upon the system outputs.If a business has a disconnect between Finance, Accounting, Marketing, Sales, Operations, etc. NetSuite will allow that business to come together and automate processes within a single system. There is no need for external system connectors, saving the business time (maintaining the connections) and money (saving on subscription fees to third-party connector vendors).
Sonny Spencer, ACA | 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
5.4
Workday Financial Management
9.3
Pay calculation
NetSuite
4.8
Workday Financial Management
9.3
Benefit plan administration
NetSuite
5.0
Workday Financial Management
9.3
Direct deposit files
NetSuite
5.0
Workday Financial Management
9.3
Salary revision and increment management
NetSuite
6.0
Workday Financial Management
9.3
Reimbursement management
NetSuite
6.0
Workday Financial Management
9.3

Customization

NetSuite
6.5
Workday Financial Management
8.0
API for custom integration
NetSuite
6.5
Workday Financial Management
8.0
Plug-ins
NetSuite
6.4
Workday Financial Management
8.0

Security

NetSuite
7.6
Workday Financial Management
9.8
Single sign-on capability
NetSuite
7.8
Workday Financial Management
9.8
Role-based user permissions
NetSuite
7.4
Workday Financial Management
9.8

Reporting & Analytics

NetSuite
6.3
Workday Financial Management
9.4
Dashboards
NetSuite
6.6
Workday Financial Management
9.3
Standard reports
NetSuite
6.2
Workday Financial Management
9.5
Custom reports
NetSuite
6.1
Workday Financial Management
9.3

General Ledger and Configurable Accounting

NetSuite
6.8
Workday Financial Management
8.9
Accounts payable
NetSuite
7.2
Workday Financial Management
9.5
Accounts receivable
NetSuite
7.3
Workday Financial Management
9.5
Global Financial Support
NetSuite
6.9
Workday Financial Management
8.5
Primary and Secondary Ledgers
NetSuite
7.7
Workday Financial Management
8.0
Intercompany Accounting
NetSuite
6.8
Workday Financial Management
8.0
Localizations
NetSuite
7.7
Workday Financial Management
8.0
Journals and Reconciliations
NetSuite
6.9
Workday Financial Management
9.5
Enterprise Accounting
NetSuite
7.6
Workday Financial Management
Configurable Accounting
NetSuite
7.6
Workday Financial Management
9.5
Centralized Rules Framework
NetSuite
5.9
Workday Financial Management
9.5
Standardized Processes
NetSuite
7.7
Workday Financial Management
9.5
Expense management
NetSuite
Workday Financial Management
8.0

Inventory Management

NetSuite
5.4
Workday Financial Management
Inventory tracking
NetSuite
6.1
Workday Financial Management
Automatic reordering
NetSuite
5.4
Workday Financial Management
Location management
NetSuite
5.5
Workday Financial Management
Manufacturing module
NetSuite
4.7
Workday Financial Management

Order Management

NetSuite
6.7
Workday Financial Management
10.0
Pricing
NetSuite
6.8
Workday Financial Management
Order entry
NetSuite
6.2
Workday Financial Management
Credit card processing
NetSuite
7.2
Workday Financial Management
10.0
Cost of goods sold
NetSuite
6.9
Workday Financial Management
Order Orchestration
NetSuite
6.8
Workday Financial Management
End-to-end order visibility
NetSuite
7.0
Workday Financial Management
Order exception Resolution
NetSuite
6.2
Workday Financial Management

Subledger and Financial Process

NetSuite
6.8
Workday Financial Management
Automated Invoice Processing
NetSuite
7.3
Workday Financial Management
Shared Services Payments
NetSuite
6.4
Workday Financial Management
Billings Management
NetSuite
6.8
Workday Financial Management
Customer Receipt Applications
NetSuite
6.9
Workday Financial Management
Customer Collections
NetSuite
7.2
Workday Financial Management
Revenue Recognition
NetSuite
7.6
Workday Financial Management
Cash Management
NetSuite
6.5
Workday Financial Management
Asset Management
NetSuite
5.8
Workday Financial Management
Travel & Expense Management
NetSuite
6.8
Workday Financial Management
Budgetary Control & Encumbrance Accounting
NetSuite
6.8
Workday Financial Management
Period Close
NetSuite
7.6
Workday Financial Management
Transactions Tax
NetSuite
6.9
Workday Financial Management
Subledger Reconciliations
NetSuite
6.7
Workday Financial Management
3rd Party Accounting Systems
NetSuite
5.5
Workday Financial Management

Project Financial Management

NetSuite
6.1
Workday Financial Management
Budgeting and Forecasting
NetSuite
5.5
Workday Financial Management
Project Costing
NetSuite
6.4
Workday Financial Management
Cost Capture
NetSuite
6.6
Workday Financial Management
Capital Project Management
NetSuite
6.8
Workday Financial Management
Customer Invoicing
NetSuite
6.6
Workday Financial Management
Customer Contract Compliance
NetSuite
7.4
Workday Financial Management
Project Revenue Recognition
NetSuite
6.0
Workday Financial Management
Project Financial Performance Analysis
NetSuite
6.2
Workday Financial Management
Project Financials Dashboard
NetSuite
5.8
Workday Financial Management
Real-time Financial Reporting
NetSuite
6.3
Workday Financial Management
Embedded Business Intelligence
NetSuite
4.7
Workday Financial Management
Project Planning Collaboration
NetSuite
4.9
Workday Financial Management

Project Execution Management

NetSuite
6.1
Workday Financial Management
Project Planning and Scheduling
NetSuite
5.1
Workday Financial Management
Project Manager Dashboard
NetSuite
4.8
Workday Financial Management
Resource Manager Dashboard
NetSuite
4.4
Workday Financial Management
Task Insight for Project Managers
NetSuite
6.0
Workday Financial Management
Project Manager Mobile Functionality
NetSuite
6.6
Workday Financial Management
Team Member Task Collaboration
NetSuite
6.0
Workday Financial Management
Team Member Mobile Functionality
NetSuite
6.7
Workday Financial Management
Project Candidate Search
NetSuite
6.4
Workday Financial Management
Project Candidate Comparison and Analysis
NetSuite
6.4
Workday Financial Management
Defineable Resource Pools
NetSuite
6.4
Workday Financial Management
Defineable Resource Pools
NetSuite
6.4
Workday Financial Management
Talent Profiles
NetSuite
5.9
Workday Financial Management
Real-Time Project Reporting
NetSuite
6.4
Workday Financial Management
Absence Management
NetSuite
7.0
Workday Financial Management
Product Lifecycle Management
NetSuite
7.0
Workday Financial Management

Grants Management

NetSuite
6.5
Workday Financial Management
Award Lifecycle Management
NetSuite
6.7
Workday Financial Management
Spending Control
NetSuite
6.7
Workday Financial Management
Indirect Cost Management
NetSuite
6.7
Workday Financial Management
Billing
NetSuite
5.8
Workday Financial Management

Procurement

NetSuite
6.6
Workday Financial Management
Sourcing Team Collaboration
NetSuite
7.2
Workday Financial Management
Sourcing Analysis
NetSuite
6.5
Workday Financial Management
Bids Analyzed and Compared
NetSuite
6.5
Workday Financial Management
Catalog Shopping E-Commerce for Employees
NetSuite
5.2
Workday Financial Management
Contract Authoring
NetSuite
6.1
Workday Financial Management
Contract Compliance Management
NetSuite
6.1
Workday Financial Management
Contract History
NetSuite
6.1
Workday Financial Management
Contract Renewal Automation
NetSuite
6.0
Workday Financial Management
Contract Repository
NetSuite
6.0
Workday Financial Management
Contract Standardization and Enforcement
NetSuite
6.0
Workday Financial Management
Electronic Signatures
NetSuite
6.5
Workday Financial Management
Invoice Automated Matching
NetSuite
6.5
Workday Financial Management
Purchasing Risk and Compliance Management
NetSuite
6.5
Workday Financial Management
Requisitions-to-Purchase Orders Integrated
NetSuite
7.2
Workday Financial Management
Spend Compliance Management
NetSuite
7.7
Workday Financial Management
Supplier Assessment
NetSuite
7.0
Workday Financial Management
Supplier Communication and Collaboration
NetSuite
7.2
Workday Financial Management
Supplier Management
NetSuite
7.8
Workday Financial Management
Supplier Portal
NetSuite
7.0
Workday Financial Management

Risk Management

NetSuite
6.7
Workday Financial Management
Risk Repository
NetSuite
7.0
Workday Financial Management
Control Management
NetSuite
6.5
Workday Financial Management
Control Mapping
NetSuite
6.4
Workday Financial Management
Control Efficiency Assessments
NetSuite
6.4
Workday Financial Management
Automated Control Assessments
NetSuite
6.4
Workday Financial Management
Assessment Capture
NetSuite
7.0
Workday Financial Management
Issue Detection
NetSuite
7.0
Workday Financial Management
Automatic Notification
NetSuite
7.0
Workday Financial Management
Remediation and Certification
NetSuite
6.4
Workday Financial Management

Logistics

NetSuite
4.3
Workday Financial Management
Transportation Planning and Optimization
NetSuite
4.2
Workday Financial Management
Transportation Sourcing Management
NetSuite
4.2
Workday Financial Management
Transportation Process Integration
NetSuite
5.1
Workday Financial Management
Transportation Execution Management
NetSuite
4.1
Workday Financial Management
Freight Payment Automation
NetSuite
4.1
Workday Financial Management
Trade Management
NetSuite
3.6
Workday Financial Management
Trade Regulatory Compliance Management
NetSuite
6.0
Workday Financial Management
Customs Entry Management
NetSuite
4.1
Workday Financial Management
Customs Document Management
NetSuite
3.4
Workday Financial Management
Customs Document Collaboration
NetSuite
3.1
Workday Financial Management
Fulfillment Management
NetSuite
3.9
Workday Financial Management
Inventory Visibility
NetSuite
5.0
Workday Financial Management
Warehouse Workforce Management
NetSuite
4.4
Workday Financial Management

Manufacturing

NetSuite
5.2
Workday Financial Management
Production Process Design
NetSuite
4.9
Workday Financial Management
Supply Chain Business Flows
NetSuite
4.2
Workday Financial Management
Production Management
NetSuite
4.2
Workday Financial Management
Contracted Manufacturing Management
NetSuite
3.9
Workday Financial Management
Configuration Management
NetSuite
7.7
Workday Financial Management
Work Definition
NetSuite
3.6
Workday Financial Management
Work Execution
NetSuite
4.5
Workday Financial Management
Advanced Fulfillment
NetSuite
7.3
Workday Financial Management
Manufacturing Costs
NetSuite
6.3
Workday Financial Management

Supply Chain

NetSuite
5.1
Workday Financial Management
Forecasting
NetSuite
4.7
Workday Financial Management
Inventory Planning
NetSuite
4.1
Workday Financial Management
Multi-tier Supply Chain Planning
NetSuite
6.8
Workday Financial Management
Performance Monitoring
NetSuite
4.8
Workday Financial Management

Product Lifecycle Management

NetSuite
4.7
Workday Financial Management
Ideation Management
NetSuite
4.6
Workday Financial Management
Requirements Management
NetSuite
7.0
Workday Financial Management
Proposal Management
NetSuite
3.6
Workday Financial Management
Innovation Portfolio Management
NetSuite
4.1
Workday Financial Management
Product Master Data Management
NetSuite
4.1
Workday Financial Management
Vendor Portal
NetSuite
4.7
Workday Financial Management
Project Portfolio Management
NetSuite
4.6
Workday Financial Management

Pros

NetSuite

  • Integrates. NetSuite is particularly good at integrating with other products. For example, we integrate NetSuite with Adaptive Planning in order to bring actual financials together with forecast and budget data, which is then used for analysis and reporting. We also integrate NetSuite with other administration platforms so invoicing and commissions can be done rather seamlessly.
  • Intuitive. NetSuite is extremely intuitive. I started using it without any training and was easy to learn. It takes a little practice to learn the reporting system, but if you are just looking for client or vendor information it is as easy as typing the name or ID into the search box at the top.
  • Easy to Support. While setup is important and takes a lot of hours, the ongoing support is outstanding when compared to some of the other big enterprise systems. The previous enterprise system I used needed 4 full time programmers on staff just to keep it running, and it still kept getting outdated. The cloud application and seamless upgrades make this product superior.
Chris Snelling, CFA | 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

  • Consolidated invoicing. Generally, I think it's not a problem for NetSuite customers, and the potential, infrequent multiple invoicing to a given customer is likely okay. However, there may be instances producing 3 or more invoices per month for a given customer. The only consolidation solution offered is their homegrown "SuiteSolution" called Consolidated Invoicing. I don't use it but have had demos and discussions. Really need something slicker.
  • Fixed Assets Management. I use their SuiteSolution, Fixed Assets Management. It's not part of core NetSuite so there are inconsistencies with the rest of the system, some performance annoyances, and weaker reporting capabilities. It's a better product than other fixed asset solutions I've tried!
  • A very recent frustration of mine is that it is not possible without customization to display tax amounts per line in a transaction. This should be native. The per-line tax amount is available in a saved search; the per-line tax rate is available to display on the transaction; the tax amount can be displayed in the PDF generated. Why not show the amount in the system? Fortunately, it's easy to create a custom field/column that multiplies tax rate with an amount to give you tax amount. Pretty minor in the scheme of things, but fresh in my mind.
Joshua Henke | 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

NetSuite 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

NetSuite 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

NetSuite 9.4
Based on 13 answers
Netsuite is never down. In the past year, we have been down only when we have internet issues
Aaron Kleinhandler | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Performance

NetSuite

NetSuite 7.7
Based on 12 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

NetSuite 1.0
Based on 10 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

NetSuite 7.3
Based on 2 answers
The general Admin training is good but very soft for the high technical stuff
Felix Garbuz | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Online Training

NetSuite

NetSuite 8.0
Based on 7 answers
Relatively easy and if time permits e
Felix Garbuz | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Implementation Rating

NetSuite

NetSuite 7.3
Based on 9 answers
Executive involvement is critical. Make sure you have a good handle on the metrics you would like to ultimately manage. Work as a team to document your business requirements. Whiteboard often. Understand NetSuite's best practice capabilities.

Have a central person identified to handle all report and analysis requests (ie - don't allow multiple people to create reports; have one person create reports and distribute them to decision makers via the NS dashboard or whatever form). Make sure you understand critical dates and develop the project plan accordingly
Rob Gottschalk | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Alternatives Considered

NetSuite

We selected Netsuite over Financial Force because at that moment Netsuite had a localization feature we needed to consolidate financial information from a company outside the US and they had the feature for the accounting rules of that specific country.
Nicolas Costa Ossa | 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

NetSuite 8.4
Based on 5 answers
Because it has a relatively low price of entry for the base modules and then you pay per user, you can start out small and expand as you need to. I've seen it used with 1 user all the way up to hundreds of users. Imagine experiencing all that growth without implementing a new ERP system!
Dana Larson | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Return on Investment

NetSuite

  • Very positive impact! Our old accounting system needed constant day to day maintenance between modules to get accurate reporting. Manufactured items were not calculating costs correctly so reports were never accurate.
  • The cloud based platform has save me SOOOOOOOOOOO much time not maintaining servers, workstations etc. Adding users and work stations are as simple as just having a computer with internet access.
  • Dashboard reminders really help me keep track of everything going on (or going wrong) within our organization. Problem troubleshooting is much easier with Netsuite.
Cindy Rumpf Novack | 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

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

NetSuite
5.9
Workday Financial Management
9.5

Likelihood to Renew

NetSuite
8.0
Workday Financial Management

Usability

NetSuite
9.0
Workday Financial Management

Reliability and Availability

NetSuite
9.4
Workday Financial Management

Performance

NetSuite
7.7
Workday Financial Management

Support Rating

NetSuite
1.0
Workday Financial Management

In-Person Training

NetSuite
7.3
Workday Financial Management

Online Training

NetSuite
8.0
Workday Financial Management

Implementation Rating

NetSuite
7.3
Workday Financial Management

Scalability

NetSuite
8.4
Workday Financial Management

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