Procore vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Procore
Score 8.7 out of 10
N/A
Procore is a project management software designed specifically for the construction industry. Procore is cloud-based and allows unlimited users per instance, so that construction team members and stakeholders can all access project information and documents.N/A
Workday Financial Management
Score 8.3 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
ProcoreWorkday Financial Management
Editions & Modules
Custom Bundle
Custom Quote
annually
No answers on this topic
Offerings
Pricing Offerings
ProcoreWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsProcore charges an upfront annual fee by product and based upon Annual Construction Volume (ACV) - the aggregate dollar value of the construction work across the customer's projects. Procore contracts include access for unlimited users, customer support, unlimited data storage, and product enhancements, at no additional cost. Multi-year pools: Contract volume is set for the entire multi-year term and can be consumed at any time during that period to help smooth out variability in consumption. Volume opt-in: Up-front contractual pricing is put in place for additional volume that might need to be added mid-term, to increase predictability of costs. Renewal rate protection: Up-front setting of rates is locked now, so businesses can budget accordingly for future renewals and improve cost predictability in future years.
More Pricing Information
Community Pulse
ProcoreWorkday Financial Management
Features
ProcoreWorkday Financial Management
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
Procore
7.9
60 Ratings
12% above category average
Workday Financial Management
-
Ratings
Compliance data (COBRA, OSHA, etc.)7.960 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Procore
7.6
54 Ratings
12% above category average
Workday Financial Management
8.1
23 Ratings
10% above category average
Support for external payroll vendors7.654 Ratings00 Ratings
Pay calculation00 Ratings8.323 Ratings
Benefit plan administration00 Ratings8.020 Ratings
Direct deposit files00 Ratings8.120 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Procore
7.8
197 Ratings
2% above category average
Workday Financial Management
8.0
27 Ratings
9% above category average
Dashboards7.7182 Ratings8.027 Ratings
Standard reports7.9189 Ratings7.924 Ratings
Custom reports7.6184 Ratings8.022 Ratings
Data exportability8.1177 Ratings00 Ratings
Construction Project & Field Management
Comparison of Construction Project & Field Management features of Product A and Product B
Procore
8.4
762 Ratings
13% above category average
Workday Financial Management
-
Ratings
Plan distribution & viewing8.8732 Ratings00 Ratings
Plan markups & sharing7.7705 Ratings00 Ratings
Issue tracking & punchlists8.8684 Ratings00 Ratings
Photo documentation8.6734 Ratings00 Ratings
Jobsite reports8.3696 Ratings00 Ratings
Document sharing8.8752 Ratings00 Ratings
RFI tools8.8713 Ratings00 Ratings
Collaboration & approvals8.4691 Ratings00 Ratings
As-built drawings8.3119 Ratings00 Ratings
Mobile app8.0704 Ratings00 Ratings
Submittal design and management8.6214 Ratings00 Ratings
Meeting Minutes7.5202 Ratings00 Ratings
Specifications8.8211 Ratings00 Ratings
Change orders8.2175 Ratings00 Ratings
Estimating
Comparison of Estimating features of Product A and Product B
Procore
8.4
114 Ratings
10% above category average
Workday Financial Management
-
Ratings
Takeoff tools10.04 Ratings00 Ratings
Job costing7.5100 Ratings00 Ratings
Cost databases8.14 Ratings00 Ratings
Cost calculator9.04 Ratings00 Ratings
Bid creation7.6107 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Procore
-
Ratings
Workday Financial Management
8.1
20 Ratings
9% above category average
API for custom integration00 Ratings8.517 Ratings
Plug-ins00 Ratings7.719 Ratings
Security
Comparison of Security features of Product A and Product B
Procore
-
Ratings
Workday Financial Management
9.0
25 Ratings
7% above category average
Single sign-on capability00 Ratings9.125 Ratings
Role-based user permissions00 Ratings8.823 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Procore
-
Ratings
Workday Financial Management
7.7
23 Ratings
0% above category average
Accounts payable00 Ratings7.518 Ratings
Accounts receivable00 Ratings7.018 Ratings
Global Financial Support00 Ratings7.419 Ratings
Primary and Secondary Ledgers00 Ratings7.319 Ratings
Journals and Reconciliations00 Ratings7.616 Ratings
Configurable Accounting00 Ratings7.519 Ratings
Standardized Processes00 Ratings7.820 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Procore
-
Ratings
Workday Financial Management
7.2
11 Ratings
10% below category average
Inventory tracking00 Ratings7.511 Ratings
Automatic reordering00 Ratings7.211 Ratings
Location management00 Ratings6.710 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Procore
-
Ratings
Workday Financial Management
7.1
11 Ratings
10% below category average
Credit card processing00 Ratings7.111 Ratings
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User Ratings
ProcoreWorkday Financial Management
Likelihood to Recommend
8.9
(865 ratings)
8.3
(26 ratings)
Likelihood to Renew
8.7
(70 ratings)
9.0
(1 ratings)
Usability
10.0
(57 ratings)
9.0
(9 ratings)
Availability
9.9
(15 ratings)
-
(0 ratings)
Performance
9.5
(15 ratings)
-
(0 ratings)
Support Rating
9.6
(69 ratings)
10.0
(5 ratings)
In-Person Training
8.1
(5 ratings)
-
(0 ratings)
Online Training
9.3
(13 ratings)
-
(0 ratings)
Implementation Rating
10.0
(114 ratings)
-
(0 ratings)
Configurability
9.3
(15 ratings)
-
(0 ratings)
Ease of integration
9.1
(310 ratings)
-
(0 ratings)
Product Scalability
9.8
(15 ratings)
-
(0 ratings)
Vendor post-sale
9.9
(13 ratings)
-
(0 ratings)
Vendor pre-sale
9.8
(14 ratings)
-
(0 ratings)
User Testimonials
ProcoreWorkday Financial Management
Likelihood to Recommend
Procore Technologies
It works great for project management and putting all job-specific documents in one place. We are able to share drawings, submittals, and forms with our customers and subcontractors in a safe and reliable platform. However, getting reporting data is somewhat lacking, so if your business needs advanced options, you might try and find a better product.
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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.
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Pros
Procore Technologies
  • Does well Emailing me (If i am subscribed to a project) to let me know when revisions have been updated.
  • Easy to navigate
  • Great at Allowing me as a project Engineer to Upload my drawings to Procore. Not a lot of steps, and very easy to do.
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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.
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Cons
Procore Technologies
  • Downloading drawing sets sometimes involves an extra step that holds up the process
  • The dashboard is simplistic to the point that I don't feel like I am getting enough information about a specific project from the get-go
  • Granting access to a project on Procore is not very straightforward as a consultant- restrictions sometimes cause hold-ups
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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
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Likelihood to Renew
Procore Technologies
We will undoubtedly renew Procore as it has proven itself to be a means to better track and improve upon our efficiency and communications between job sites and their project managers as well as all other departments. Procore has made an incredible impact on how we, as a company, do our job on all levels; it is one of our most powerful and effective resources.
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Workday
No answers on this topic
Usability
Procore Technologies
90% of Procore is very intuitive and any user can pick it up and go. There are a few elements, more so on the Financials side that need some prior knowledge of systems in order to understand how and why it functions as it does. Once this is understood, it flows effortlessly
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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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Reliability and Availability
Procore Technologies
If you are working in an area with little to no signal, Procore will still allow you to get in the system and use it fully and will then update once you are at a place with a strong enough signal. Whether it be with wifi or LTE cell phone reception.
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Workday
No answers on this topic
Performance
Procore Technologies
For the most part Procore is very responsive. However there are times when it's a little slow but it's minimal.
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Workday
No answers on this topic
Support Rating
Procore Technologies
General Support for Project Management and Financials is consistent. The ERP support is never consistent and I do end up at times in a black hole. I have to continually reach out to get the issue resolved or get an update. The ERP support needs more of Procore's attention
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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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In-Person Training
Procore Technologies
Procore's Implementation Team does a great job of ensuring users are confident in using the system. They run through a process of training sessions based on the tools you have purchased, and lay ou ta plan to help the power users configure the tool to suit the company's needs. They provide useful resources for certifications, support and ongoing training as well.
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Workday
No answers on this topic
Online Training
Procore Technologies
Procore's certification program and focused how-to training videos allowed for easy training that did not feel overwhelming. The way the certification programs were broken up into small parts made it seem much less daunting to complete. The training feels focused and does not overload users with too much information all at once.
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Workday
No answers on this topic
Implementation Rating
Procore Technologies
Iron out your cost code list in your accounting software before you link with Procore. Once the link is established that list is more or less permanent. Review the permission matrix carefully. It controls so much. You want to ensure the information provided to your users adequate but you also want to protect your sensitive data. Procore Financials are organized in a total contract value style. Any markup or Profit will need to be sent somewhere on your budget. This may be significantly different than the Cost budgeting that many contractors do
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Workday
No answers on this topic
Alternatives Considered
Procore Technologies
Procore has a clearer user interface and a wider variety of tools than any program I've used. Procore also lives up to their name in terms of helpful and fast customer service. There is always a Procore rep. that is available to contact, making any problems just a mini hurdle.
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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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Scalability
Procore Technologies
once in awhile Procore is down for a period of time, its frustrating when it happens but doesn't tend to last long.
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Workday
No answers on this topic
Return on Investment
Procore Technologies
  • The Procore service impacts on construction projects are effective and reliable on production acceleration.
  • The collaboration is stable and easy files access and uploading of engineering drawings and plans is excellent.
  • New project planning and project financial data management on Procore functions are excellent.
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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.
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ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis