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SAP Cloud ERP (SAP S/4HANA Cloud) vs. Workday Financial Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    SAP Cloud ERP (SAP S/4HANA Cloud)

    Score8.6 out of 10
    N/ASAP Cloud ERP (SAP S/4HANA Cloud) is a modular, cloud-based enterprise resource planning (ERP) solution that brings embedded AI into core business processes to help organizations improve productivity, efficiency, and scalability. It supports critical business functions including finance, supply chain, human resources, and sales, while providing industry best-practice processes, predictable subscription-based costs, and the ability to add capabilities, users, and functionality as…

    $295

    per month per user

    Workday Financial Management

    Score8.3 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
    SAP Cloud ERP (SAP S/4HANA Cloud)Workday Financial Management
    Editions & Modules
    SAP Supply Chain Base
    $295
    per month per user
    SAP Finance Base
    $295
    per month per user
    No answers on this topic
    Offerings
    Pricing Offerings
    SAP Cloud ERP (SAP S/4HANA Cloud)Workday Financial Management
    Free Trial
    YesNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeRequiredNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    SAP Cloud ERP (SAP S/4HANA Cloud)Workday Financial Management
    Considered Both Products
    SAP
    Chose SAP Cloud ERP (SAP S/4HANA Cloud)
    Oracle Cloud ePm helps in financial planning and analysis, Faster closing, and accurate reporting. It provides comprehensive financial management. It also helps with strategic planning and economic insight. Workday Financial Management has helped us manage our financial …
    Incentivized
    Chose SAP Cloud ERP (SAP S/4HANA Cloud)
    more powerful across the range of modules but not as user friendly or as agile for version upgrades and modifications
    Incentivized
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    96%
    Would buy again
    782 Answers
    96%
    Would buy again
    23 Answers
    Delivers good value for the price
    96%
    Delivers good value for the price
    601 Answers
    95%
    Delivers good value for the price
    21 Answers
    Happy with the feature set
    95%
    Happy with the feature set
    777 Answers
    96%
    Happy with the feature set
    23 Answers
    Lived up to sales and marketing promises
    88%
    Lived up to sales and marketing promises
    432 Answers
    95%
    Lived up to sales and marketing promises
    19 Answers
    Implementation went as expected
    87%
    Implementation went as expected
    565 Answers
    89%
    Implementation went as expected
    17 Answers
    Features
    SAP Cloud ERP (SAP S/4HANA Cloud)Workday Financial Management
    Payroll Management
    Comparison of Payroll Management features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.1
    443 Ratings
    7% above category average
    Workday Financial Management
    8.1
    23 Ratings
    7% above category average
    Pay calculation7.9391 Ratings8.323 Ratings
    Benefit plan administration7.9377 Ratings8.020 Ratings
    Direct deposit files7.7376 Ratings8.220 Ratings
    Customization
    Comparison of Customization features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.7
    674 Ratings
    2% above category average
    Workday Financial Management
    8.1
    20 Ratings
    7% above category average
    API for custom integration7.7647 Ratings8.517 Ratings
    Plug-ins7.6593 Ratings7.819 Ratings
    Security
    Comparison of Security features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.3
    770 Ratings
    2% below category average
    Workday Financial Management
    9.0
    25 Ratings
    6% above category average
    Single sign-on capability8.5726 Ratings9.225 Ratings
    Role-based user permissions8.2758 Ratings8.823 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.7
    779 Ratings
    2% above category average
    Workday Financial Management
    8.0
    27 Ratings
    6% above category average
    Dashboards7.7718 Ratings8.127 Ratings
    Standard reports7.8766 Ratings7.924 Ratings
    Custom reports7.6706 Ratings8.022 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.2
    813 Ratings
    6% above category average
    Workday Financial Management
    7.7
    23 Ratings
    0% below category average
    Accounts payable8.2789 Ratings7.518 Ratings
    Accounts receivable8.2749 Ratings6.918 Ratings
    Global Financial Support7.8293 Ratings7.519 Ratings
    Primary and Secondary Ledgers7.9311 Ratings7.319 Ratings
    Journals and Reconciliations8.0333 Ratings7.716 Ratings
    Configurable Accounting7.9307 Ratings7.719 Ratings
    Standardized Processes8.3344 Ratings7.920 Ratings
    Inventory Management
    Comparison of Inventory Management features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.3
    676 Ratings
    4% above category average
    Workday Financial Management
    7.2
    11 Ratings
    10% below category average
    Inventory tracking8.2662 Ratings7.611 Ratings
    Automatic reordering7.8568 Ratings7.211 Ratings
    Location management7.9546 Ratings6.810 Ratings
    Order Management
    Comparison of Order Management features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.2
    686 Ratings
    3% above category average
    Workday Financial Management
    7.2
    11 Ratings
    10% below category average
    Pricing8.0654 Ratings00 Ratings
    Order entry8.1665 Ratings00 Ratings
    Credit card processing8.926 Ratings7.211 Ratings
    Cost of goods sold8.3628 Ratings00 Ratings
    Order Orchestration8.0249 Ratings00 Ratings
    Subledger and Financial Process
    Comparison of Subledger and Financial Process features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.7
    326 Ratings
    2% above category average
    Workday Financial Management
    -
    Ratings
    Billing Management7.43 Ratings00 Ratings
    Cash and Asset Management8.0296 Ratings00 Ratings
    Travel & Expense Management7.93 Ratings00 Ratings
    Budgetary Control & Encumbrance Accounting7.4254 Ratings00 Ratings
    Period Close7.9320 Ratings00 Ratings
    Project Execution Management
    Comparison of Project Execution Management features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.5
    3 Ratings
    6% above category average
    Workday Financial Management
    -
    Ratings
    Project Planning and Scheduling7.93 Ratings00 Ratings
    Task Insight for Project Managers7.73 Ratings00 Ratings
    Project Mobile Functionality7.13 Ratings00 Ratings
    Definable Resource Pools7.43 Ratings00 Ratings
    Grants Management
    Comparison of Grants Management features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.1
    140 Ratings
    8% above category average
    Workday Financial Management
    -
    Ratings
    Award Lifecycle Management8.1140 Ratings00 Ratings
    Procurement
    Comparison of Procurement features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.8
    268 Ratings
    9% above category average
    Workday Financial Management
    -
    Ratings
    Bids Analyzed and Compared7.7189 Ratings00 Ratings
    Contract Authoring7.8189 Ratings00 Ratings
    Contract Repository7.6183 Ratings00 Ratings
    Requisitions-to-Purchase Orders Integrated8.1242 Ratings00 Ratings
    Supplier Management8.0237 Ratings00 Ratings
    Risk Management
    Comparison of Risk Management features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.1
    2 Ratings
    18% above category average
    Workday Financial Management
    -
    Ratings
    Risk Repository8.42 Ratings00 Ratings
    Control Management7.72 Ratings00 Ratings
    Control Efficiency Assessments8.42 Ratings00 Ratings
    Issue Detection7.52 Ratings00 Ratings
    Remediation and Certification8.42 Ratings00 Ratings
    Logistics
    Comparison of Logistics features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.0
    218 Ratings
    13% above category average
    Workday Financial Management
    -
    Ratings
    Transportation Planning and Optimization8.0193 Ratings00 Ratings
    Transportation Execution Management8.0186 Ratings00 Ratings
    Trade and Customs Management7.6169 Ratings00 Ratings
    Fulfillment Management8.2178 Ratings00 Ratings
    Warehouse Workforce Management8.0173 Ratings00 Ratings
    Manufacturing
    Comparison of Manufacturing features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    8.1
    205 Ratings
    8% above category average
    Workday Financial Management
    -
    Ratings
    Production Process Design8.1186 Ratings00 Ratings
    Production Management8.2190 Ratings00 Ratings
    Configuration Management8.1178 Ratings00 Ratings
    Work Execution8.1183 Ratings00 Ratings
    Manufacturing Costs8.1182 Ratings00 Ratings
    Supply Chain
    Comparison of Supply Chain features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.7
    252 Ratings
    5% above category average
    Workday Financial Management
    -
    Ratings
    Forecasting7.5227 Ratings00 Ratings
    Inventory Planning7.9243 Ratings00 Ratings
    Performance Monitoring7.7231 Ratings00 Ratings
    Product Lifecycle Management
    Comparison of Product Lifecycle Management features of SAP Cloud ERP (SAP S/4HANA Cloud) and Workday Financial Management
    Feature
    SAP Cloud ERP (SAP S/4HANA Cloud)
    7.8
    222 Ratings
    6% above category average
    Workday Financial Management
    -
    Ratings
    Proposal Management7.72 Ratings00 Ratings
    Product Master Data Management7.9222 Ratings00 Ratings
    Best Alternatives
    SAP Cloud ERP (SAP S/4HANA Cloud)Workday Financial Management
    Small Businesses
    Intuit Enterprise Suite
    Score9.1 out of 10
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    Score9.1 out of 10
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    Zoho One
    Score9.2 out of 10
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    Score9.2 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
    SAP Cloud ERP (SAP S/4HANA Cloud)Workday Financial Management
    Likelihood to Recommend
    8.4
    (882 ratings)
    8.4
    (27 ratings)
    Likelihood to Renew
    9.0
    (23 ratings)
    9.0
    (1 ratings)
    Usability
    8.0
    (770 ratings)
    9.0
    (10 ratings)
    Availability
    8.4
    (4 ratings)
    -
    (0 ratings)
    Performance
    9.1
    (3 ratings)
    -
    (0 ratings)
    Support Rating
    6.7
    (80 ratings)
    10.0
    (5 ratings)
    In-Person Training
    7.0
    (2 ratings)
    -
    (0 ratings)
    Online Training
    7.0
    (2 ratings)
    -
    (0 ratings)
    Implementation Rating
    7.7
    (10 ratings)
    -
    (0 ratings)
    Configurability
    8.2
    (5 ratings)
    -
    (0 ratings)
    Contract Terms and Pricing Model
    5.6
    (3 ratings)
    -
    (0 ratings)
    Ease of integration
    8.0
    (2 ratings)
    -
    (0 ratings)
    Product Scalability
    7.4
    (3 ratings)
    -
    (0 ratings)
    Professional Services
    7.4
    (2 ratings)
    -
    (0 ratings)
    Vendor post-sale
    7.5
    (5 ratings)
    -
    (0 ratings)
    Vendor pre-sale
    8.1
    (5 ratings)
    -
    (0 ratings)
    User Testimonials
    SAP Cloud ERP (SAP S/4HANA Cloud)Workday Financial Management
    Likelihood to Recommend
    SAP
    SAP Cloud ERP is best suited for medium- to large-sized organizations seeking scalability, real-time insights, and standardized processes. It will help them streamline financial operations & core HR functions, optimize inventory management & procurement process. Its intelligent automation will help them automate repetitive, routine tasks and use machine learning for predictive analysis.
    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
    SAP
    • The software helps in forecasting and identifying potential challenges that would affect our organisation in the near future. This enables us to prepare in advance and also adopt practical and viable measures.
    • It enables faster and accurate data processing, which enhances decision-making.
    • It's easily customizable according to specific organizational needs. This promotes overall efficiency and productivity of the organization.
    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
    SAP
    • The beginner's user-friendly UI can help learners learn easily, and it feels a bit complex.
    • Implementation of AI bot on common tasks.
    • There are no offline functionality that users can use remotely.
    • As the scalability of the products grows, they become more expensive.
    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
    SAP
    The cost of SAP as an ERP is quite high and the switching costs associated with ERP systems are even higher. That being said moving from one ERP to another only happens once in a great while for large organizations. Those switching costs include retraining, IT hardware requirements, outside consultants and more
    Read full review
    Workday
    No answers on this topic
    Usability
    SAP
    SAP Cloud ERP is a useful solution for automating and streamlining business processes. It offers modern technologies such as built-in AI, machine learning, and real-time data analytics. It offers multi-currency, multi-language support to manage international operations smoothly. It comes with a modern, role-based user interface that enhances your user experience and lets you perform tasks smoothly.
    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
    SAP
    The support system I find great as whenever I run into problems they rectify them quickly as possible they never reacted late the support is just up to the mark for me. They provide many solutions to the problems I faced the [technical] team support is always amazing they [listen] to mean work accordingly.
    Read full review
    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
    In-Person Training
    SAP
    More effective
    Incentivized
    Read full review
    Workday
    No answers on this topic
    Implementation Rating
    SAP
    SAP requires
    a lot of internal and external resources to complete its successful
    implementation. The cloud version requires a deeper understanding of the
    different capabilities of the local systems (hardware) and the connection
    towards your local IT team. We found several problems on our systems that we
    couldn't foresee before the implementation and roll out.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    Alternatives Considered
    SAP
    The platform utilizes advanced predictive analytics to anticipate operational bottlenecks and put them out of commission before the problems become larger. We can proactively develop effective strategies that help keep service quality in the face of unexpected changes in the market, or external disruptions, by continuously analyzing historical performance data as well as elements of the current market
    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
    SAP
    • Surpasses many well reputed applications in terms of performance and data insight when you are into SAP products
    • More reliable and secure as we are not going to create multiple copy of master data, one single shared master data and all will work like charm
    • For authentication we can also use Microsoft MFA or Google single sign-on , so less complexity
    • For customized business process, we can implement extension packages which are like templates
    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

    SAP Cloud ERP (SAP S/4HANA Cloud) Screenshots

    Screenshot of the Order to Cash Dashboard - For the management of the order-to-cash process more efficiently across revenue streams and business models - including sales of physical and digital goods, services, subscriptions, projects, and bundles.Screenshot of a Sales Management Overview - Helps ensure sales reps meet their goals with an overview of orders and key sales performance metrics, with status tracking for each order in real time for the early detection of potential issues.Screenshot of the Purchasing Spend Dashboard - For weighing various aspects of purchasing spend through quick access to clear, complete, and real-time data, with less risk, and without opening different reports and transactions.Screenshot of Operational Supplier Evaluation - Provides a transparent overview of suppliers. Users can approve the most reliable vendors and get the right mix to serve business needs while reducing risk.Screenshot of Inventory Management - Provides visibility to manage supply chains, to mitigate risk, avoid unnecessary costs, maximize efficiency, and fulfill customer orders on time.Screenshot of Inventory Processing - Enables real-time supply chain visibility and provides meaningful metrics, with customizable dashboards and reports that display real-time inventory that track the status of inbound and outbound deliveries.

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis