Sage 500 ERP vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Sage 500
Score 6.7 out of 10
N/A
Sage 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
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
Sage 500 ERPWorkday 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
Features
Sage 500 ERPWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Sage 500 ERP
7.4
1 Ratings
3% above category average
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation9.01 Ratings8.418 Ratings
Benefit plan administration6.01 Ratings8.716 Ratings
Direct deposit files9.01 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
Sage 500 ERP
4.5
2 Ratings
47% below category average
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration7.02 Ratings8.314 Ratings
Plug-ins2.02 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
Sage 500 ERP
5.0
2 Ratings
48% below category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability2.02 Ratings8.720 Ratings
Role-based user permissions8.02 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Sage 500 ERP
8.3
2 Ratings
17% above category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards8.02 Ratings8.423 Ratings
Standard reports7.02 Ratings8.820 Ratings
Custom reports10.02 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Sage 500 ERP
6.6
2 Ratings
14% below category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable7.02 Ratings9.015 Ratings
Accounts receivable7.02 Ratings9.115 Ratings
Global Financial Support2.01 Ratings8.516 Ratings
Journals and Reconciliations6.01 Ratings8.813 Ratings
Configurable Accounting8.01 Ratings8.316 Ratings
Standardized Processes6.01 Ratings8.916 Ratings
Primary and Secondary Ledgers00 Ratings8.716 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Sage 500 ERP
6.5
2 Ratings
19% below category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking9.02 Ratings9.09 Ratings
Automatic reordering3.02 Ratings8.69 Ratings
Location management8.02 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Sage 500 ERP
8.2
1 Ratings
5% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing8.21 Ratings00 Ratings
Order entry8.21 Ratings00 Ratings
Credit card processing8.21 Ratings9.110 Ratings
Cost of goods sold8.21 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Sage 500 ERP
5.4
1 Ratings
31% below category average
Workday Financial Management
-
Ratings
Billing Management8.01 Ratings00 Ratings
Cash and Asset Management6.01 Ratings00 Ratings
Travel & Expense Management8.01 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting2.01 Ratings00 Ratings
Period Close5.01 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Sage 500 ERP
6.9
1 Ratings
10% 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 Product A and Product B
Sage 500 ERP
4.5
1 Ratings
41% 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 Product A and Product B
Sage 500 ERP
7.5
1 Ratings
1% below category average
Workday Financial Management
-
Ratings
Award Lifecycle Management6.01 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Sage 500 ERP
6.0
1 Ratings
15% 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 Product A and Product B
Sage 500 ERP
4.3
1 Ratings
41% 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 Product A and Product B
Sage 500 ERP
1.3
1 Ratings
139% 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 Product A and Product B
Sage 500 ERP
5.3
1 Ratings
31% below category average
Workday Financial Management
-
Ratings
Proposal Management7.01 Ratings00 Ratings
Product Master Data Management4.01 Ratings00 Ratings
Best Alternatives
Sage 500 ERPWorkday Financial Management
Small Businesses
Acumatica
Acumatica
Score 8.7 out of 10
Acumatica
Acumatica
Score 8.7 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
Sage 500 ERPWorkday Financial Management
Likelihood to Recommend
2.0
(4 ratings)
8.6
(23 ratings)
Likelihood to Renew
6.3
(2 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.5
(5 ratings)
Support Rating
-
(0 ratings)
9.6
(5 ratings)
Online Training
6.0
(1 ratings)
-
(0 ratings)
Implementation Rating
8.0
(1 ratings)
-
(0 ratings)
User Testimonials
Sage 500 ERPWorkday 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.
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
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.
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
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.
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
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Likelihood to Renew
Sage
It's too pricey for our size of company.
Read full review
Workday
No answers on this topic
Usability
Sage
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
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.
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Online Training
Sage
The online training courses are not up to date. We experienced technical issues with two of the classes.
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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.
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.
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.
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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.
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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.
Read full review
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