Odoo vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Odoo
Score 7.3 out of 10
Mid-Size Companies (51-1,000 employees)
Odoo, from the Belgium-headquartered multinational company of the same name, is a suite of business applications for managing the sales pipeline. It also comprises a PoS and inventory management modules, scaling to a warehouse or retail management solution.
$31.10
per month per user
Workday Financial Management
Score 8.2 out of 10
N/A
Workday Financial Management is a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…N/A
Pricing
OdooWorkday Financial Management
Editions & Modules
Standard
$31.10
per month per user
Custom
$46.70
per month per user
No answers on this topic
Offerings
Pricing Offerings
OdooWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup Fee-$49,321,250 per app/ per user/ per monthNo setup fee
Additional DetailsA discount is offered for new users for the first 12 months of use for the initial users purchased. ($24.90 instead of $31.10 for Standard)
More Pricing Information
Community Pulse
OdooWorkday Financial Management
Features
OdooWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Odoo
5.1
10 Ratings
36% below category average
Workday Financial Management
8.1
22 Ratings
10% above category average
Pay calculation7.49 Ratings8.322 Ratings
Benefit plan administration7.78 Ratings8.119 Ratings
Direct deposit files8.59 Ratings8.119 Ratings
Customization
Comparison of Customization features of Product A and Product B
Odoo
8.2
13 Ratings
10% above category average
Workday Financial Management
8.1
19 Ratings
9% above category average
API for custom integration8.211 Ratings8.516 Ratings
Plug-ins8.113 Ratings7.718 Ratings
Security
Comparison of Security features of Product A and Product B
Odoo
8.4
14 Ratings
1% above category average
Workday Financial Management
8.9
24 Ratings
7% above category average
Single sign-on capability9.410 Ratings9.024 Ratings
Role-based user permissions7.414 Ratings8.822 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Odoo
7.0
16 Ratings
4% below category average
Workday Financial Management
8.0
26 Ratings
9% above category average
Dashboards6.616 Ratings7.926 Ratings
Standard reports6.916 Ratings8.123 Ratings
Custom reports7.616 Ratings7.921 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Odoo
4.6
13 Ratings
50% below category average
Workday Financial Management
7.8
22 Ratings
2% above category average
Accounts payable6.913 Ratings7.617 Ratings
Accounts receivable6.913 Ratings7.417 Ratings
Global Financial Support6.012 Ratings7.318 Ratings
Primary and Secondary Ledgers6.412 Ratings7.418 Ratings
Journals and Reconciliations6.213 Ratings7.615 Ratings
Configurable Accounting6.713 Ratings7.418 Ratings
Standardized Processes5.812 Ratings8.019 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Odoo
6.4
18 Ratings
21% below category average
Workday Financial Management
7.2
10 Ratings
10% below category average
Inventory tracking8.118 Ratings7.610 Ratings
Automatic reordering8.116 Ratings7.410 Ratings
Location management8.515 Ratings6.89 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Odoo
6.0
16 Ratings
26% below category average
Workday Financial Management
7.1
10 Ratings
9% below category average
Pricing8.316 Ratings00 Ratings
Order entry8.416 Ratings00 Ratings
Credit card processing7.513 Ratings7.110 Ratings
Cost of goods sold8.214 Ratings00 Ratings
Order Orchestration7.712 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Odoo
2.9
12 Ratings
88% below category average
Workday Financial Management
-
Ratings
Billing Management7.212 Ratings00 Ratings
Cash and Asset Management6.711 Ratings00 Ratings
Travel & Expense Management6.211 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting4.810 Ratings00 Ratings
Period Close7.010 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Odoo
1.0
6 Ratings
153% below category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting1.06 Ratings00 Ratings
Project Costing1.05 Ratings00 Ratings
Cost Capture1.05 Ratings00 Ratings
Capital Project Management1.05 Ratings00 Ratings
Customer Contract Compliance1.05 Ratings00 Ratings
Project Revenue Recognition1.05 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Odoo
3.1
8 Ratings
77% below category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling8.98 Ratings00 Ratings
Task Insight for Project Managers8.97 Ratings00 Ratings
Project Mobile Functionality8.67 Ratings00 Ratings
Definable Resource Pools8.37 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Odoo
3.1
8 Ratings
81% below category average
Workday Financial Management
-
Ratings
Award Lifecycle Management9.27 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Odoo
7.6
11 Ratings
8% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared7.87 Ratings00 Ratings
Contract Authoring6.07 Ratings00 Ratings
Contract Repository6.57 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated7.610 Ratings00 Ratings
Supplier Management7.28 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Odoo
9.6
5 Ratings
38% above category average
Workday Financial Management
-
Ratings
Risk Repository10.02 Ratings00 Ratings
Control Management9.65 Ratings00 Ratings
Control Efficiency Assessments9.24 Ratings00 Ratings
Issue Detection10.03 Ratings00 Ratings
Remediation and Certification10.02 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Odoo
6.7
7 Ratings
2% below category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization8.65 Ratings00 Ratings
Transportation Execution Management9.65 Ratings00 Ratings
Trade and Customs Management9.14 Ratings00 Ratings
Fulfillment Management8.86 Ratings00 Ratings
Warehouse Workforce Management9.65 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Odoo
7.9
9 Ratings
7% above category average
Workday Financial Management
-
Ratings
Production Process Design6.96 Ratings00 Ratings
Production Management6.17 Ratings00 Ratings
Configuration Management7.76 Ratings00 Ratings
Work Execution8.17 Ratings00 Ratings
Manufacturing Costs8.37 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Odoo
8.2
11 Ratings
13% above category average
Workday Financial Management
-
Ratings
Forecasting8.211 Ratings00 Ratings
Inventory Planning8.111 Ratings00 Ratings
Performance Monitoring7.410 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Odoo
8.7
6 Ratings
19% above category average
Workday Financial Management
-
Ratings
Proposal Management9.86 Ratings00 Ratings
Product Master Data Management9.16 Ratings00 Ratings
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User Ratings
OdooWorkday Financial Management
Likelihood to Recommend
7.1
(22 ratings)
8.5
(26 ratings)
Likelihood to Renew
1.0
(1 ratings)
9.0
(1 ratings)
Usability
8.3
(14 ratings)
9.1
(9 ratings)
Support Rating
1.0
(6 ratings)
10.0
(5 ratings)
User Testimonials
OdooWorkday Financial Management
Likelihood to Recommend
Odoo
It is well suited for inventory tracking, shipping and sales work flows. While some customization is needed to make it functional, if done correctly Odoo can serves as a powerful one stop shop for all of a businesses needs. The ease of customization for email templates, both for sales communications and marketing outreach leaves something to be desired. Perhaps our team hasn't explored this fully enough. I have personally found it intimidating in trying to construct a news letter using the email marketing module
Read full review
Workday
Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
Read full review
Pros
Odoo
  • The creation of products is extremely simple, I like that it does not complicate you to put a lot of detail, of course if you want to put more detailed information later it allows you to do it without problems
  • The fact that I can manage my inventory of my warehouse is very convenient, I only generate my stock report of the products we have in stock and taking inventory is easier
  • The management of opportunities in the CRM is also great, because the guys from the sales department generate their opportunity, place what their client is requiring and we, the logisticians, can automatically generate the quote for what they are requesting, and from there they can only download their quote and send it to their clients.
Read full review
Workday
  • The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
  • The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
  • I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
Read full review
Cons
Odoo
  • Customer service is nonexistent. You will need a 3rd party to assist you.
  • The system has an open app for integrating with other programs. These are developed by third parties and can be hit or miss in functionality.
  • The system offers great flexibility; however, it is too much and requires coding. For example, changing a Sales order PDF requires coding to modify the document.
  • Initial implementation is clunky and seems to require a 3rd party just for setup.
Read full review
Workday
  • Some of the Workday updates last till like 10 in the morning which prevents employees to clock in and check their times and some cases their schedules
  • Workday can work on opening documents quicker instead of taking couple of minutes or notifying the user when they are ready to download
Read full review
Usability
Odoo
Once you complete the training with Odoo, you have a great grasp of how the system works, and most every feature is intuitive- There is rarely a task within Odoo that I get frustrated trying to figure out- I can typically look through the system and find what I need to do, and if I ever do need support, the Odoo Support team is excellent
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.
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Support Rating
Odoo
Easy - there is NO SUPPORT (like in ABSOLUTELY NOTHING!!!!!!!). Even for legally mandatory requirements where the system MUST work, they will gladly take a month to get back to you with a NON-answer. We couldn't even get our bank statements correctly into Odoo for 2 months - leading to no reconciliation and the company accounts were a mess (still are!!) as a result - Completely irresponsible. Have not EVEN had an apology from Odoo - they couldn't care less !!
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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.
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Alternatives Considered
Odoo
We decided to go with Odoo over Netsuite due to a few factors. Price was a big reason why, Netsuite is the most expensive ERP we vetted. I also did not have a great experience with Netsuite at my last job. I was on the roll out team and it did not work as promised for POS, inventory managing or reporting, it crashed constantly in the middle of using it. Just over all very poor. Considering it is owned by Oracle and the most expensive, you would think it would be able to function on some sort of base level. That company ended up terminating their contract with Netsuite early and going with a different company.
We don't have crashing or error issues. I can complete receives, cycle counts etc and all of my information saves. Visually, Odoo is more satisfying also.
Read full review
Workday
Despite Airtable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
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Return on Investment
Odoo
  • In older versions, it was super expensive to make it even work. You had to hire third-party developers all the time.
  • Newest versions have better built in functionality.
  • Cost is pretty high. Odoo plus developers to support it could bankrupt a small business.
Read full review
Workday
  • We were able to combine 4 different HR modules into one system.
  • We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
  • The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.
Read full review
ScreenShots

Odoo Screenshots

Screenshot of Odoo HomeScreenshot of Odoo ProjectScreenshot of Odoo Website GeneralScreenshot of Odoo POSScreenshot of Odoo AccountingScreenshot of Odoo Inventory

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis