What users are saying about
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Top Rated
297 Ratings

SAP ERP

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Top Rated
297 Ratings
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Score 8.3 out of 100
26 Ratings
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Score 7.9 out of 100

Likelihood to Recommend

SAP ERP

SAP is an extremely integrated system. Not all companies are ready for this. Many are so used to having systems that require a lot of batch processing, giving kind of an extra cushion to allow for errors or mistakes. SAP is a live system, meaning that when you commit or transact something, it triggers the integration among all modules that touch whatever the transaction is for. An example is allowing SAP to generate purchasing documents based on the scheduled demand for production. Say someone puts in a work order and by mistake, fat fingers an extra zero on the desired quantity. This may cause SAP to purchase WAY more raw materials than you need. This is a great feature, but it can also come back to hurt you if not controlled properly.
John Mota | TrustRadius Reviewer

Workday Financial Management

Workday is a very innovative platform that offers plenty of options and resources to its users in their daily lives. I have used Workday in three of the organizations I have worked in the past for. I am also a current user of Workday through my employer. Workday is best suitable for any retail or customer-facing environments. More and more companies are using Workday to even have strong candidates apply for a job. This helps them navigate their way through a platform that they will be using in the near future.
Zahra Najib | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

SAP ERP
7.4
Workday Financial Management
9.1
Pay calculation
SAP ERP
5.0
Workday Financial Management
9.1
Benefit plan administration
SAP ERP
7.8
Workday Financial Management
9.1
Direct deposit files
SAP ERP
8.2
Workday Financial Management
9.1
Salary revision and increment management
SAP ERP
7.9
Workday Financial Management
9.1
Reimbursement management
SAP ERP
8.1
Workday Financial Management
9.1

Customization

SAP ERP
7.3
Workday Financial Management
8.0
API for custom integration
SAP ERP
7.3
Workday Financial Management
8.0
Plug-ins
SAP ERP
7.3
Workday Financial Management
8.0

Security

SAP ERP
9.0
Workday Financial Management
9.7
Single sign-on capability
SAP ERP
8.7
Workday Financial Management
9.7
Role-based user permissions
SAP ERP
9.2
Workday Financial Management
9.7

Reporting & Analytics

SAP ERP
6.8
Workday Financial Management
9.2
Dashboards
SAP ERP
6.4
Workday Financial Management
9.1
Standard reports
SAP ERP
7.3
Workday Financial Management
9.4
Custom reports
SAP ERP
6.9
Workday Financial Management
9.1

General Ledger and Configurable Accounting

SAP ERP
8.4
Workday Financial Management
8.8
Accounts payable
SAP ERP
8.6
Workday Financial Management
9.4
Accounts receivable
SAP ERP
8.1
Workday Financial Management
9.4
Expense management
SAP ERP
Workday Financial Management
8.0
Global Financial Support
SAP ERP
Workday Financial Management
8.4
Primary and Secondary Ledgers
SAP ERP
Workday Financial Management
8.0
Intercompany Accounting
SAP ERP
Workday Financial Management
8.0
Localizations
SAP ERP
Workday Financial Management
8.0
Journals and Reconciliations
SAP ERP
Workday Financial Management
9.4
Configurable Accounting
SAP ERP
Workday Financial Management
9.4
Centralized Rules Framework
SAP ERP
Workday Financial Management
9.4
Standardized Processes
SAP ERP
Workday Financial Management
9.4

Inventory Management

SAP ERP
8.3
Workday Financial Management
Inventory tracking
SAP ERP
8.8
Workday Financial Management
Automatic reordering
SAP ERP
7.7
Workday Financial Management
Location management
SAP ERP
8.2
Workday Financial Management
Manufacturing module
SAP ERP
8.3
Workday Financial Management

Order Management

SAP ERP
7.4
Workday Financial Management
10.0
Pricing
SAP ERP
8.0
Workday Financial Management
Order entry
SAP ERP
7.9
Workday Financial Management
Credit card processing
SAP ERP
6.0
Workday Financial Management
10.0
Cost of goods sold
SAP ERP
7.8
Workday Financial Management

Pros

SAP ERP

  • Integration of functions within the organization (example: warehouse releasing and inventory management with finance costing and logistics)
  • Security features are on point. Clear segregation of duties can be achieved by assigning access rights based on least privilege principle
  • Can be easily learned.
  • Roles assigned to users can be customized.
Brandon Macapelit, CISA | TrustRadius Reviewer

Workday Financial Management

  • We specically wanted a cloud financial management system that we could use in China and communicate reports to the headquarters organization and roll-up reporting. It performs well.
  • It was reasonably priced since we are not a for-profit company and need the Workday flexibility for finance and accounting operations. Most of our requirements are met with this one system.
  • The system worked efficiently with the additional security we built on to keep confidential. Many reports are ready off-the-shelf or easy to develop, which is a strength.
Anonymous | TrustRadius Reviewer

Cons

SAP ERP

  • High cost of licensing, implementation & maintenance.
  • It gets complex when companies try to implement their existing business processes to Standard SAP provided business processes if it differs.
  • It is not for small/medium size businesses
  • The complete implementation process may take several years. Usually, companies take core modules of SAP ERP & implement those first.
Anonymous | TrustRadius Reviewer

Workday Financial Management

  • We only used this system for a short time before switching over to new software, but nothing from my experience. There are a lot of great tools with Workday Financial Management, I'm sure our other departments could have made great use out of features like inventory, expenses, or procurement.
Anonymous | TrustRadius Reviewer

Likelihood to Renew

SAP ERP

SAP ERP 8.6
Based on 4 answers
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
Todd Bellamy | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Usability

SAP ERP

SAP ERP 8.0
Based on 1 answer
Once you learn how to use SAP ERP, it becomes a powerful tool for analysis and inventory management.
Anonymous | TrustRadius Reviewer

Workday Financial Management

No score
No answers yet
No answers on this topic

Alternatives Considered

SAP ERP

SAP was found to be better suited for the manufacturing nature of our organization's business and provides robust process integrations across production, supply chain, order management, material master and inventory management. Although the user experience aspect was less than desirable, the business process consolidation outweighed this shortcoming. The cost of implementation and maintenance was higher for SAP.
Anonymous | TrustRadius Reviewer

Workday Financial Management

  • It is a simple and intuitive solution that can be customized for your specific needs.
  • It unifies HR and finance, giving you predictive analytics, real-time insights, and global visibility.
  • It offers a single version of the tool to meet the requirements of diverse companies.
  • It integrates seamlessly with a large number of business apps and systems.
Zahra Najib | TrustRadius Reviewer

Return on Investment

SAP ERP

  • The Coca-Cola bottlers use a multi-tenant environment, and that helps their bottom line as they share a single instance.
  • Integration back to sales enables the Bottles to be more efficient and saves costs that relate to integration to 3rd party sales applications.
  • Reduces the number of 3rd party applications, which saves on operating costs.
Domenic Vetro | TrustRadius Reviewer

Workday Financial Management

  • As a new starup affiliate five years ago, we did not have a huge budget. The ROI was met relatively quickly, no surprises here.
  • With minimal consulting assistance, this made the implementation cost reasonable, if any software implementation could be considered reasonable.
  • It was a risk to implement Workday Financial Management in one country but we did leverage it with HCM in the states.
Anonymous | TrustRadius Reviewer

Pricing Details

SAP ERP

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Workday Financial Management

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Rating Summary

Likelihood to Recommend

SAP ERP
8.7
Workday Financial Management
9.4

Likelihood to Renew

SAP ERP
8.6
Workday Financial Management

Usability

SAP ERP
8.0
Workday Financial Management

Reliability and Availability

SAP ERP
10.0
Workday Financial Management

Support Rating

SAP ERP
3.0
Workday Financial Management

Implementation Rating

SAP ERP
3.0
Workday Financial Management

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