TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Sage 500

    Score6.2 out of 10
    N/ASage 500 ERP includes accounting and finance, distribution and supply chain, and manufacturing operations support modules. The latest Sage 500 release includes accounts payable enhancements, credit card processing, and general updates, as well as updates to the solution's modules.N/A

    Workday Financial Management

    Score8.5 out of 10
    N/AWorkday 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
    Sage 500Workday Financial Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Sage 500Workday 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
    Sage 500Workday Financial Management
    Considered Both Products
    Sage
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    No answers on this topic
    96%
    Would buy again
    23 Answers
    Delivers good value for the price
    No answers on this topic
    95%
    Delivers good value for the price
    21 Answers
    Happy with the feature set
    No answers on this topic
    96%
    Happy with the feature set
    23 Answers
    Lived up to sales and marketing promises
    No answers on this topic
    95%
    Lived up to sales and marketing promises
    19 Answers
    Implementation went as expected
    No answers on this topic
    89%
    Implementation went as expected
    17 Answers
    Features
    Sage 500Workday Financial Management
    Payroll Management
    Comparison of Payroll Management features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    7.0
    2 Ratings
    7% below category average
    Workday Financial Management
    8.1
    23 Ratings
    8% above category average
    Pay calculation9.01 Ratings8.323 Ratings
    Benefit plan administration6.01 Ratings8.020 Ratings
    Direct deposit files7.02 Ratings8.220 Ratings
    Customization
    Comparison of Customization features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    8.5
    3 Ratings
    12% above category average
    Workday Financial Management
    8.1
    20 Ratings
    7% above category average
    API for custom integration9.03 Ratings8.417 Ratings
    Plug-ins8.03 Ratings7.819 Ratings
    Security
    Comparison of Security features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    8.5
    3 Ratings
    1% above category average
    Workday Financial Management
    9.0
    25 Ratings
    7% above category average
    Single sign-on capability7.03 Ratings9.225 Ratings
    Role-based user permissions10.03 Ratings8.823 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    8.0
    3 Ratings
    6% above category average
    Workday Financial Management
    8.0
    27 Ratings
    6% above category average
    Dashboards6.03 Ratings8.227 Ratings
    Standard reports8.03 Ratings7.924 Ratings
    Custom reports10.03 Ratings8.122 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    8.0
    3 Ratings
    4% above category average
    Workday Financial Management
    7.7
    23 Ratings
    0% below category average
    Accounts payable10.03 Ratings7.518 Ratings
    Accounts receivable10.03 Ratings6.918 Ratings
    Global Financial Support10.02 Ratings7.519 Ratings
    Primary and Secondary Ledgers8.01 Ratings7.419 Ratings
    Journals and Reconciliations10.02 Ratings7.716 Ratings
    Configurable Accounting10.02 Ratings7.719 Ratings
    Standardized Processes10.02 Ratings7.920 Ratings
    Inventory Management
    Comparison of Inventory Management features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    8.0
    3 Ratings
    0% above category average
    Workday Financial Management
    7.2
    11 Ratings
    10% below category average
    Inventory tracking6.03 Ratings7.611 Ratings
    Automatic reordering10.03 Ratings7.311 Ratings
    Location management10.03 Ratings6.810 Ratings
    Order Management
    Comparison of Order Management features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    8.8
    2 Ratings
    11% above category average
    Workday Financial Management
    7.3
    11 Ratings
    8% below category average
    Pricing8.02 Ratings00 Ratings
    Order entry9.02 Ratings00 Ratings
    Credit card processing9.02 Ratings7.311 Ratings
    Cost of goods sold10.02 Ratings00 Ratings
    Order Orchestration8.01 Ratings00 Ratings
    Subledger and Financial Process
    Comparison of Subledger and Financial Process features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    5.9
    2 Ratings
    25% below category average
    Workday Financial Management
    -
    Ratings
    Billing Management10.02 Ratings00 Ratings
    Cash and Asset Management8.02 Ratings00 Ratings
    Travel & Expense Management8.01 Ratings00 Ratings
    Budgetary Control & Encumbrance Accounting2.01 Ratings00 Ratings
    Period Close8.02 Ratings00 Ratings
    Project Financial Management
    Comparison of Project Financial Management features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    6.9
    1 Ratings
    9% below category average
    Workday Financial Management
    -
    Ratings
    Budgeting and Forecasting1.01 Ratings00 Ratings
    Project Costing3.01 Ratings00 Ratings
    Cost Capture8.01 Ratings00 Ratings
    Capital Project Management9.01 Ratings00 Ratings
    Customer Contract Compliance9.01 Ratings00 Ratings
    Project Revenue Recognition9.01 Ratings00 Ratings
    Project Execution Management
    Comparison of Project Execution Management features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    4.5
    1 Ratings
    45% below category average
    Workday Financial Management
    -
    Ratings
    Task Insight for Project Managers7.01 Ratings00 Ratings
    Project Mobile Functionality5.01 Ratings00 Ratings
    Grants Management
    Comparison of Grants Management features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    7.5
    1 Ratings
    0% above category average
    Workday Financial Management
    -
    Ratings
    Award Lifecycle Management6.01 Ratings00 Ratings
    Procurement
    Comparison of Procurement features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    6.0
    1 Ratings
    17% below category average
    Workday Financial Management
    -
    Ratings
    Contract Authoring8.01 Ratings00 Ratings
    Contract Repository10.01 Ratings00 Ratings
    Requisitions-to-Purchase Orders Integrated8.01 Ratings00 Ratings
    Supplier Management4.01 Ratings00 Ratings
    Risk Management
    Comparison of Risk Management features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    4.3
    1 Ratings
    44% below category average
    Workday Financial Management
    -
    Ratings
    Risk Repository3.01 Ratings00 Ratings
    Control Management7.01 Ratings00 Ratings
    Control Efficiency Assessments4.01 Ratings00 Ratings
    Remediation and Certification3.01 Ratings00 Ratings
    Supply Chain
    Comparison of Supply Chain features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    1.3
    1 Ratings
    140% below category average
    Workday Financial Management
    -
    Ratings
    Forecasting1.01 Ratings00 Ratings
    Inventory Planning2.01 Ratings00 Ratings
    Performance Monitoring1.01 Ratings00 Ratings
    Product Lifecycle Management
    Comparison of Product Lifecycle Management features of Sage 500 ERP and Workday Financial Management
    Feature
    Sage 500 ERP
    5.3
    1 Ratings
    33% below category average
    Workday Financial Management
    -
    Ratings
    Proposal Management7.01 Ratings00 Ratings
    Product Master Data Management4.01 Ratings00 Ratings
    Best Alternatives
    Sage 500Workday Financial Management
    Small Businesses
    Zoho One
    Score9.1 out of 10
    Zoho One
    Score9.1 out of 10
    Medium-sized Companies
    Zoho One
    Score9.1 out of 10
    Zoho One
    Score9.1 out of 10
    Enterprises
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    Sage 500Workday Financial Management
    Likelihood to Recommend
    10.0
    (5 ratings)
    8.4
    (27 ratings)
    Likelihood to Renew
    6.3
    (2 ratings)
    9.0
    (1 ratings)
    Usability
    10.0
    (1 ratings)
    9.0
    (10 ratings)
    Support Rating
    -
    (0 ratings)
    10.0
    (5 ratings)
    Online Training
    6.0
    (1 ratings)
    -
    (0 ratings)
    Implementation Rating
    8.0
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    Sage 500Workday Financial Management
    Likelihood to Recommend
    Sage
    Sage 500 ERP is great for companies with core accounting needs, distributors, and discrete manufacturers. Some areas, such as process manufacturing, would require a companion product from an ISV for the software to be truly functional. Some areas, such as construction or retail apparel, may simply not be well-served.
    Incentivized
    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.
    Incentivized
    Read full review
    Pros
    Sage
    • Sage is the one-stop-shop for all of our needs. We're able to control contracts, subcontracts, and field reports from the program.
    • Another strength is the ability to database all the information and export it to excel. This makes data-based investigations a breeze.
    • The ability for Timberscan to be imported to Sage is a huge help with invoice management. Prior to this it all had to be done manually and slowed the process to an essential halt as there are thousands of invoices per month.
    Incentivized
    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.
    Incentivized
    Read full review
    Cons
    Sage
    • The biggest concern/complaint of Sage 500 users is speed. Some of the screen take a while to load.
    • The user interface needs some refreshing. Screens need to be updated to take advantage of shortcuts and to be more intuitive.
    Incentivized
    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
    Incentivized
    Read full review
    Likelihood to Renew
    Sage
    It's too pricey for our size of company.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    Usability
    Sage
    I have been using Intacct for almost 10 years in 2 different companies and I just simply love it. I tried SAP (GUI) and Netsuite and they dont come close to what Ive seen.
    Incentivized
    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.
    Incentivized
    Read full review
    Support Rating
    Sage
    No answers on this topic
    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.
    Incentivized
    Read full review
    Online Training
    Sage
    The online training courses are not up to date. We experienced technical issues with two of the classes.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    Implementation Rating
    Sage
    Keep your database and application in different servers.
    Install Microsoft Office on your application server so you can use some of the data analysis tools in Sage.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    Alternatives Considered
    Sage
    500 seems much smoother at handling some of the basic accounting tasks, for example both issuing and later reconciling checks in Dynamics AX seems a little tedious.
    Incentivized
    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.
    Incentivized
    Read full review
    Return on Investment
    Sage
    • Positive: The program allows for a lot of data entry and splitting of information. It has the capability of replacing multiple programs and therefore saving cost.
    • Negative: The modules are cumbersome and not user friendly at all. As a result not many user are comfortable using it. This means that the program is not being used to its capacity.
    • Negative: Although the program has the capacity to be great, the user interface destroys that potential. Sage needs to seriously work on their program to simplify it. It's as if it still uses Command-line entries from 1995. Needs to be updated ASAP.
    Incentivized
    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.
    Incentivized
    Read full review
    ScreenShots

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis