Ramco ERP vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Ramco ERP
Score 8.3 out of 10
N/A
Ramco ERP is a comprehensive cloud ERP solution catering to the needs of fast growing enterprises. Ramco calls its ERP software "cognitive and post-modern", and says it aims to help optimize complex business processes and enable organizations to thrive digitally. Ramco ERP offers Unified solution - Power of One Flexible workflow based approach In Memory based real-time optimization engine Cognitive & self learning…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
Ramco ERPWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Ramco ERPWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details——
More Pricing Information
Features
Ramco ERPWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Ramco ERP
8.8
1 Ratings
20% above category average
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation8.01 Ratings8.418 Ratings
Benefit plan administration9.01 Ratings8.716 Ratings
Direct deposit files10.01 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
Ramco ERP
9.0
1 Ratings
21% above category average
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration9.01 Ratings8.314 Ratings
Plug-ins9.01 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
Ramco ERP
8.5
1 Ratings
4% above category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability9.01 Ratings8.720 Ratings
Role-based user permissions8.01 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Ramco ERP
9.0
1 Ratings
25% above category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards10.01 Ratings8.423 Ratings
Standard reports8.01 Ratings8.820 Ratings
Custom reports9.01 Ratings8.418 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Ramco ERP
8.3
1 Ratings
5% above category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking8.01 Ratings9.09 Ratings
Location management9.01 Ratings8.68 Ratings
Automatic reordering00 Ratings8.69 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Ramco ERP
9.0
1 Ratings
15% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing9.01 Ratings00 Ratings
Order entry9.01 Ratings00 Ratings
Credit card processing00 Ratings9.110 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Ramco ERP
-
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 Ratings8.913 Ratings
Configurable Accounting00 Ratings8.316 Ratings
Standardized Processes00 Ratings8.916 Ratings
Best Alternatives
Ramco ERPWorkday Financial Management
Small Businesses
Acumatica
Acumatica
Score 8.8 out of 10
Acumatica
Acumatica
Score 8.8 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Ramco ERPWorkday Financial Management
Likelihood to Recommend
10.0
(1 ratings)
8.6
(23 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
9.0
(1 ratings)
9.5
(5 ratings)
Support Rating
9.0
(1 ratings)
9.7
(5 ratings)
User Testimonials
Ramco ERPWorkday Financial Management
Likelihood to Recommend
Ramco Systems
It provides a complete real-time solution on the go, if possible. Complete with all the features. I would definitely recommend this
to other businesses to have in their ecosystem for a complete understanding of
cloud-based digitization of business operations. Best choice for transforming the cloud-based organization into digital transformation.
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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
Ramco Systems
  • I am pretty much impressed by their unified solution for every problem, workflow-based approach, and real-time optimizing engine in memory.
  • Interference of Ramco ERP is the reason for choosing it.
  • It is a completely cost-effective and reliable ERP solution.
  • The best feature that helps me to keep working on Ramco ERP is that it easily integrated with other existing software very easily.
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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
Ramco Systems
  • The biggest drawback I have been facing while using the platform is that there must be no compromise on security. There is a need for a few changes in security and data control which helps businesses to trust Ramco ERP more.
  • Data migration is a bit of hard work along with the reports that are not giving expected results, which need improvements.
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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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Usability
Ramco Systems
I have
been using this software for some time where I have changed my organization
setup with the help of Ramco ERP and it leads to being the best choice, as it has
all the features that are needed to be the best. All the processes are very streamlined, easy to
use, and the real-time inventory stock update is amazing.
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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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Support Rating
Ramco Systems
The support team is best in their respective tasks.
They are very supportive and responsive to the messages, listen to the problem
carefully, and provide a solution on the go. If it is not possible, they will
respond after time with the workable solution.
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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
Ramco Systems
No answers on this topic
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
Ramco Systems
  • Support team is great; it helps me where I am stuck.
  • It has a very intuitive nature and is very well designed on modernized UI to have the best workflow.
  • I am very much satisfied with their services and features they’re offering.
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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

Ramco ERP Screenshots

Screenshot of Ramco ERP Product Roadmap