Rocketrip vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Rocketrip
Score 8.5 out of 10
N/A
Rocketrip headquartered in New York offers their travel management platform, supporting budgeting, employee tracking and rewards, and comprehensive reporting.N/A
Workday Financial Management
Score 8.3 out of 10
N/A
Workday Financial Management is a cloud-based financial software platform built on an in-memory architecture and an object-oriented data model. The system unifies transaction processing, multidimensional reporting, and consolidation into a single environment accessible via web and mobile interfaces. Financial Operations and Automation The platform employs Artificial Intelligence (AI) models and specialized financial agents to manage core business cycles. These…N/A
Pricing
RocketripWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
RocketripWorkday 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
Community Pulse
RocketripWorkday Financial Management
Features
RocketripWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Rocketrip
-
Ratings
Workday Financial Management
8.1
23 Ratings
9% above category average
Pay calculation00 Ratings8.323 Ratings
Benefit plan administration00 Ratings8.020 Ratings
Direct deposit files00 Ratings8.120 Ratings
Customization
Comparison of Customization features of Product A and Product B
Rocketrip
-
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
Rocketrip
-
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
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Rocketrip
-
Ratings
Workday Financial Management
7.9
27 Ratings
7% above category average
Dashboards00 Ratings8.027 Ratings
Standard reports00 Ratings7.924 Ratings
Custom reports00 Ratings8.022 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Rocketrip
-
Ratings
Workday Financial Management
7.7
23 Ratings
0% above category average
Accounts payable00 Ratings7.518 Ratings
Accounts receivable00 Ratings6.918 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
Rocketrip
-
Ratings
Workday Financial Management
7.1
11 Ratings
11% 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
Rocketrip
-
Ratings
Workday Financial Management
7.1
11 Ratings
10% below category average
Credit card processing00 Ratings7.111 Ratings
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User Ratings
RocketripWorkday Financial Management
Likelihood to Recommend
8.5
(3 ratings)
8.2
(26 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.0
(9 ratings)
Support Rating
10.0
(1 ratings)
10.0
(5 ratings)
User Testimonials
RocketripWorkday Financial Management
Likelihood to Recommend
Rocketrip
I was assigned to fly from Amsterdam to Silicon Valley as a young professional to present our idea to a huge international corporation. A budget for two nights' lodging and flights as specified in the invitation. I was 24, and this was my first trip to the West Coast, so I knew I wanted to stay longer than two days. I began looking for cheap hotels in order to fit five nights into the budget. I booked something cheap and was looking forward to my trip despite knowing nothing about San Francisco and having done no homework. I grabbed an Uber from the airport when I arrived. When I told the driver where I wanted to go: Tenderloin, he gave me an odd look. This makes Rockettrip less appropriate.
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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
Rocketrip
  • Rewards employees for being frugal travelers.
  • Saves company a ton of money on T&E.
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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
Rocketrip
  • Receipts can be auto-uploaded. Sounds great on paper, but sometimes it can misread the numbers, and then you have to manually enter the data anyway. So that can definitely be improved with time.
  • Points that you earn can go to waste if you don’t earn enough of them in a certain amount of time.
  • If there's a change in travel plans, it can lead to a lot of hurdles.
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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
Rocketrip
No answers on this topic
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
Rocketrip
Support staff was always available to help if I had questions
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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
Rocketrip
Works Recipe scanning is simple. It allows you to easily track and manage your expenses. Automatic debit collection. Tax calculation and information are simple. Support for mobile applications. Expensify is a highly automated expense calculator that detects and computes all expenses stored in the system. There is no need to add a single transaction. It also allows you to edit data if you discover an incorrect transaction. Overall it was a great experience with Expensify but create glitches.
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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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Return on Investment
Rocketrip
  • It has helped our organization save a small but discernable margin on travel expenses.
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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