OpenText Magellan vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
OpenText Magellan
Score 9.0 out of 10
N/A
OpenText Magellan Analytics Suite leverages a comprehensive set of data analytics software to identify patterns, relationships and trends through data visualizations and interactive dashboards.N/A
Workday Financial Management
Score 8.3 out of 10
N/A
Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model,…N/A
Pricing
OpenText MagellanWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
OpenText MagellanWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Features
OpenText MagellanWorkday Financial Management
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
OpenText Magellan
7.0
2 Ratings
16% below category average
Workday Financial Management
-
Ratings
Customizable dashboards7.02 Ratings00 Ratings
Report Formatting Templates7.01 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
OpenText Magellan
8.3
3 Ratings
2% above category average
Workday Financial Management
-
Ratings
Drill-down analysis8.03 Ratings00 Ratings
Formatting capabilities8.03 Ratings00 Ratings
Integration with R or other statistical packages9.01 Ratings00 Ratings
Report sharing and collaboration8.02 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
OpenText Magellan
8.3
2 Ratings
1% below category average
Workday Financial Management
-
Ratings
Publish to Web8.02 Ratings00 Ratings
Publish to PDF8.02 Ratings00 Ratings
Report Versioning9.02 Ratings00 Ratings
Report Delivery Scheduling8.02 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
OpenText Magellan
8.0
1 Ratings
1% below category average
Workday Financial Management
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)9.01 Ratings00 Ratings
Predictive Analytics7.01 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
OpenText Magellan
9.0
2 Ratings
5% above category average
Workday Financial Management
-
Ratings
Role-Based Security Model9.02 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.02 Ratings00 Ratings
Single Sign-On (SSO)9.02 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
OpenText Magellan
7.0
2 Ratings
13% below category average
Workday Financial Management
-
Ratings
Responsive Design for Web Access7.02 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.02 Ratings00 Ratings
Application Program Interfaces (APIs) / Embedding
Comparison of Application Program Interfaces (APIs) / Embedding features of Product A and Product B
OpenText Magellan
6.2
1 Ratings
24% below category average
Workday Financial Management
-
Ratings
REST API5.01 Ratings00 Ratings
Javascript API9.01 Ratings00 Ratings
Java API5.01 Ratings00 Ratings
Themeable User Interface (UI)7.01 Ratings00 Ratings
Customizable Platform (Open Source)5.01 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
OpenText Magellan
-
Ratings
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation00 Ratings8.418 Ratings
Benefit plan administration00 Ratings8.716 Ratings
Direct deposit files00 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
OpenText Magellan
-
Ratings
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration00 Ratings8.314 Ratings
Plug-ins00 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
OpenText Magellan
-
Ratings
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability00 Ratings8.720 Ratings
Role-based user permissions00 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
OpenText Magellan
-
Ratings
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards00 Ratings8.423 Ratings
Standard reports00 Ratings8.820 Ratings
Custom reports00 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
OpenText Magellan
-
Ratings
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable00 Ratings9.015 Ratings
Accounts receivable00 Ratings9.115 Ratings
Global Financial Support00 Ratings8.516 Ratings
Primary and Secondary Ledgers00 Ratings8.716 Ratings
Journals and Reconciliations00 Ratings8.813 Ratings
Configurable Accounting00 Ratings8.316 Ratings
Standardized Processes00 Ratings8.916 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
OpenText Magellan
-
Ratings
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking00 Ratings9.09 Ratings
Automatic reordering00 Ratings8.69 Ratings
Location management00 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
OpenText Magellan
-
Ratings
Workday Financial Management
9.1
10 Ratings
16% above category average
Credit card processing00 Ratings9.110 Ratings
Best Alternatives
OpenText MagellanWorkday Financial Management
Small Businesses
BrightGauge
BrightGauge
Score 8.9 out of 10
Acumatica
Acumatica
Score 8.7 out of 10
Medium-sized Companies
Reveal
Reveal
Score 9.9 out of 10
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Enterprises
Jaspersoft Community Edition
Jaspersoft Community Edition
Score 9.7 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
OpenText MagellanWorkday Financial Management
Likelihood to Recommend
9.0
(11 ratings)
8.6
(23 ratings)
Likelihood to Renew
3.9
(9 ratings)
9.0
(1 ratings)
Usability
9.0
(1 ratings)
9.5
(5 ratings)
Support Rating
9.0
(2 ratings)
9.6
(5 ratings)
User Testimonials
OpenText MagellanWorkday Financial Management
Likelihood to Recommend
OpenText
If you do not have a large budget and are a large organization, I would steer clear of Actuate. If you are looking to do very complex washboarding, I would not use them. Your developers have to be very skilled to work with this. Plan to bring in consultants if necessary to help your process. Adhoc reporting is weak. If your pricing is user based and you expand, this could be very expensive.
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
OpenText
  • The report outputs can vary across different types such as HTML, PDF, and Excel
  • Their open source offering is very sufficient
  • There are great boards and blogs for developers and engineers to expand and use their features.
  • The people from the company that I've worked with are professional and courteous.
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
OpenText
  • The documentation on all the available features, but most importantly on the scripting side, can be improved
  • The standard look & feel of some basic options, like parameter selection or sorting and filtering, looks dated and can't be customized
  • The server portal needs to provide better tools
  • More integration is needed with other OpenText products
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
Likelihood to Renew
OpenText
I am no longer working for the company that was using Actuate but I believe they would continue to use it because the stitching costs would be to high. It would require a complete rewrite of the reports and the never version of Actuate (BIRT) even required an almost complete report rewrite
Read full review
Workday
No answers on this topic
Usability
OpenText
It is quite intuitive to use. It is fit specifically for doing sentiment, emotion, and intention analysis as well as text classification and text summarization. I would have given 10 if it is fit for the purpose of doing image processing and analysis as well. There is a huge market to analyze video and image data.
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.
Read full review
Support Rating
OpenText
Always there on the front and backend for us and the client.
Read full review
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.
Read full review
Alternatives Considered
OpenText
It is vastly superior to these in many ways, for complex reporting it is a much more sophisticated solution. Visualizations are very good. Javascript extensibility is very powerful, others don't support this or as well. Pentaho and MS are both OLAP oriented. Pentaho is moving more toward big data, which was not our primary focus. Others are stuck in the Crystal Reports Band metaphor.
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.
Read full review
Return on Investment
OpenText
  • Actuate can handle 50 to 60 sub reports inside a report very well.
  • Dynamically creating the datasource, chart, graph, reports are the main advantages. We can do any level of drilling, and can create a performance matrix dashboard efficiently.
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

OpenText Magellan Screenshots

Screenshot of A Magellan BI & Reporting dashboard that an individual can interact with and personalize to their needs, such as changing chart types or computations.Screenshot of Magellan Data Discovery provides a Smart User Interface, designed to equip new users and users seeking a more streamlined set of features for insightsScreenshot of Magellan Data Discovery provides an Advanced User Interface that allows data analytics pros to leverage its breadth of sophisticated capabilities for insightsScreenshot of Magellan Text Mining insights can be displayed within easy-to-use dashboards.Screenshot of Data scientists can create visualizations within the Magellan Notebook and see it dynamically update as they write changes to it.