SAP Business ByDesign vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
SAP Business ByDesign
Score 7.4 out of 10
Mid-Size Companies (51-1,000 employees)
SAP Business ByDesign is SAP's cloud ERP suite offering, launched in 2007, designed for the SMB market. The product includes a broad range of capabilities including financials, human resources, sales, procurement, customer service, and supply chain. Business ByDesign is a new platform, delivered entirely through a SaaS model, with functionality that overlaps somewhat with BusinessOne, which is also an SMB product, although not a true SaaS product.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
SAP Business ByDesignWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
SAP Business ByDesignWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalNo setup fee
Additional DetailsSAP Business ByDesign is available for a monthly software-as-a-service (SaaS) subscription, based on a base package, user types, and number of users.—
More Pricing Information
Community Pulse
SAP Business ByDesignWorkday Financial Management
Top Pros
Top Cons
Features
SAP Business ByDesignWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
SAP Business ByDesign
8.4
2 Ratings
15% above category average
Workday Financial Management
8.3
18 Ratings
14% above category average
Benefit plan administration4.51 Ratings8.716 Ratings
Direct deposit files9.11 Ratings8.316 Ratings
Pay calculation00 Ratings8.418 Ratings
Customization
Comparison of Customization features of Product A and Product B
SAP Business ByDesign
9.2
5 Ratings
24% above category average
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration9.24 Ratings8.314 Ratings
Plug-ins9.25 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
SAP Business ByDesign
9.3
5 Ratings
13% above category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability9.04 Ratings8.720 Ratings
Role-based user permissions9.65 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
SAP Business ByDesign
9.2
5 Ratings
28% above category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards8.85 Ratings8.423 Ratings
Standard reports9.25 Ratings8.820 Ratings
Custom reports9.65 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
SAP Business ByDesign
8.7
5 Ratings
13% above category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable9.24 Ratings9.015 Ratings
Accounts receivable9.24 Ratings9.115 Ratings
Global Financial Support9.22 Ratings8.516 Ratings
Primary and Secondary Ledgers9.22 Ratings8.716 Ratings
Journals and Reconciliations8.82 Ratings8.813 Ratings
Configurable Accounting9.22 Ratings8.316 Ratings
Standardized Processes8.01 Ratings8.916 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
SAP Business ByDesign
9.1
4 Ratings
15% above category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking9.24 Ratings9.09 Ratings
Automatic reordering10.03 Ratings8.69 Ratings
Location management8.03 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
SAP Business ByDesign
8.5
4 Ratings
9% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing9.24 Ratings00 Ratings
Order entry9.24 Ratings00 Ratings
Credit card processing4.51 Ratings9.110 Ratings
Cost of goods sold9.24 Ratings00 Ratings
Order Orchestration9.22 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
SAP Business ByDesign
9.2
3 Ratings
22% above category average
Workday Financial Management
-
Ratings
Billing Management8.83 Ratings00 Ratings
Cash and Asset Management9.22 Ratings00 Ratings
Travel & Expense Management10.02 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting10.01 Ratings00 Ratings
Period Close9.22 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
SAP Business ByDesign
9.2
2 Ratings
19% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting10.01 Ratings00 Ratings
Project Costing9.22 Ratings00 Ratings
Cost Capture9.22 Ratings00 Ratings
Capital Project Management9.22 Ratings00 Ratings
Customer Contract Compliance8.01 Ratings00 Ratings
Project Revenue Recognition9.22 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
SAP Business ByDesign
8.3
3 Ratings
19% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling9.23 Ratings00 Ratings
Task Insight for Project Managers8.02 Ratings00 Ratings
Project Mobile Functionality8.02 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
SAP Business ByDesign
10.0
1 Ratings
28% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management10.01 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
SAP Business ByDesign
8.0
1 Ratings
14% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared8.01 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated8.01 Ratings00 Ratings
Supplier Management8.01 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
SAP Business ByDesign
9.2
3 Ratings
29% above category average
Workday Financial Management
-
Ratings
Warehouse Workforce Management9.22 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
SAP Business ByDesign
9.0
3 Ratings
18% above category average
Workday Financial Management
-
Ratings
Production Process Design9.23 Ratings00 Ratings
Production Management9.23 Ratings00 Ratings
Configuration Management8.02 Ratings00 Ratings
Work Execution8.02 Ratings00 Ratings
Manufacturing Costs9.23 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
SAP Business ByDesign
8.6
3 Ratings
17% above category average
Workday Financial Management
-
Ratings
Forecasting9.23 Ratings00 Ratings
Inventory Planning9.23 Ratings00 Ratings
Performance Monitoring8.02 Ratings00 Ratings
Best Alternatives
SAP Business ByDesignWorkday 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
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
SAP Business ByDesignWorkday Financial Management
Likelihood to Recommend
9.6
(7 ratings)
8.6
(23 ratings)
Likelihood to Renew
9.0
(3 ratings)
9.0
(1 ratings)
Usability
8.0
(1 ratings)
9.5
(5 ratings)
Support Rating
9.0
(1 ratings)
9.6
(5 ratings)
Implementation Rating
8.0
(1 ratings)
-
(0 ratings)
User Testimonials
SAP Business ByDesignWorkday Financial Management
Likelihood to Recommend
SAP
Do you plan on going public at some point? If so, this may not be the best solution for you
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.
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Pros
SAP
  • I like the ease of use and the implementation methodology.
  • With SAP Business ByDesign you can integrate other systems with Web Services, and data technology to get information easy and fast.
  • SAP Business ByDesign includes an Analytics Module to create new reports in regards to your needs.
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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
SAP
  • Time off request could be better. Right now, there is no option for sick time
  • It crashes often
  • Customization could be better
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
Read full review
Likelihood to Renew
SAP
SAP BYD work centers are consistent and easy to navigate once you understand one work center. The document flow tab that is in each window allows one to see all related transactions. Document flow is important because one is able to see the flow of transactions and can therefore reverse transactions by following the document flow in reverse. It is possible to group items in each overview screen to see what items are open. The system is working as hoped.
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Workday
No answers on this topic
Usability
SAP
Because SAP Business ByDesign allows us to improve our work, reduce the operational steps, implement audit controls, allows us found standard reports or it allows us to create new ones if you need more than the exists are enough for your work or your needs. Overall, SAP Business ByDesign allows us to standardize our operations, enhance our work, improve our skills, work over a web environment or mobile interface.
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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
SAP
The Business ByDesign support is stablished since you contract the service with SAP. SAP resolves according to the service level agreement. Currently, we continue with the service and we are using the support channels available. We are receiving the support. The SAP support gets an incident and after that, they contact us to resolve the incident, if necessary, they set the meeting to understand it or we explain the incident
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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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Implementation Rating
SAP
I recommend implementing all workshops during the ERP selection that you need to know very well about the ERP software. It allows us to gather information to accurate the plan of the project implementation. Additionally, we must reach the high-level commitment to achieve the main goals, to define the RACI matrix and communicate to all project stakeholders.
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Workday
No answers on this topic
Alternatives Considered
SAP
ByDesign stacks up well against the competition. Companies that do multiple things are usually the best fit (manufacturing, distribution, and service). The more 'modules' used, the fewer competitors will be able to meet the company's needs. It is not inexpensive, but if the needs of the company have the complexity from either a global perspective and need localizations and foreign currency, or a volume perspective and need resources greater than what can be easily housed on-premise, ByDesign should be a top consideration.
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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
SAP
  • Positive - Access to the real-time reporting allowing for faster decision making especially when fixed price projects are heading into an over budget position.
  • Positive - Complex KPI can now be tracked and as a consequence intensive plans can be made to capitalise on this level of reporting. Staff also have clear visibility over their own performance.
  • Negative - We are a bit on the small side at 30 employees for a ByD solution so it was relatively expensive for us. It would be a much better value preposition above 50 employees.
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.
Read full review
ScreenShots

SAP Business ByDesign Screenshots

Screenshot of With the embedded analytics of SAP Business ByDesign this is easily possible for key users or end users to define dashboards that contain tailored reports and KPIs for their roleScreenshot of Screenshot of SAP Business ByDesign comes with many reports pre-delivered by SAP. Customers can easily create additional reports or KPIsScreenshot of For each business document in ByDesign you can open the document flow, which shows you in a graphical the predecessor and successor business docuemnts as well as any associated accounting documents. This shows at what point you are in the entire business process.Screenshot of SAP Business ByDesign includes a Project Management module that is integrated with CRM to sell and bill projects, with HR to staff projects, and with SCM and SRM for procurement.Screenshot of The Financial Closing business scenario helps you to perform financial period-end closing activities to ensure correct financial statements, such as Balance Sheet, Income Statement, and Cash Flow Statement. The Closing Cockpit helps to minimize the risk of missing important steps or incorrect timing.