Sparkrock vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Sparkrock
Score 9.0 out of 10
Mid-Size Companies (51-1,000 employees)
Sparkrock’s cloud-enabled solution helps organizations manage their finance and accounting, human resources and payroll, human services case management, and donor and fundraising activities. According to the vendor, key benefits and features include: Finance Management with capabilities to help organizations increase transparency and reduce risk. Workforce Management to help front-line employees deliver services to clients, with tools that help them to be…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
SparkrockWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
SparkrockWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup Fee$50,000 per installationNo setup fee
Additional Details——
More Pricing Information
Features
SparkrockWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Sparkrock
9.4
3 Ratings
26% above category average
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation9.03 Ratings8.418 Ratings
Benefit plan administration9.02 Ratings8.716 Ratings
Direct deposit files10.03 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
Sparkrock
10.0
2 Ratings
32% above category average
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration10.02 Ratings8.314 Ratings
Plug-ins10.02 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
Sparkrock
9.5
5 Ratings
16% above category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability10.04 Ratings8.720 Ratings
Role-based user permissions9.05 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Sparkrock
9.0
4 Ratings
25% above category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards9.03 Ratings8.423 Ratings
Standard reports9.04 Ratings8.820 Ratings
Custom reports9.03 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Sparkrock
8.8
5 Ratings
14% above category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable10.05 Ratings9.015 Ratings
Accounts receivable9.05 Ratings9.115 Ratings
Global Financial Support10.01 Ratings8.516 Ratings
Primary and Secondary Ledgers10.01 Ratings8.716 Ratings
Journals and Reconciliations9.01 Ratings8.813 Ratings
Configurable Accounting10.01 Ratings8.316 Ratings
Standardized Processes9.01 Ratings8.916 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Sparkrock
9.3
2 Ratings
17% above category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking9.02 Ratings9.09 Ratings
Automatic reordering10.01 Ratings8.69 Ratings
Location management9.01 Ratings8.68 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Sparkrock
9.6
1 Ratings
26% above category average
Workday Financial Management
-
Ratings
Billing Management9.01 Ratings00 Ratings
Cash and Asset Management9.01 Ratings00 Ratings
Travel & Expense Management10.01 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting9.01 Ratings00 Ratings
Period Close10.01 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Sparkrock
9.4
1 Ratings
21% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting10.01 Ratings00 Ratings
Project Costing9.01 Ratings00 Ratings
Cost Capture10.01 Ratings00 Ratings
Capital Project Management9.01 Ratings00 Ratings
Customer Contract Compliance9.01 Ratings00 Ratings
Project Revenue Recognition10.01 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Sparkrock
9.3
1 Ratings
21% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management9.01 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Sparkrock
9.6
1 Ratings
32% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared9.01 Ratings00 Ratings
Contract Authoring9.01 Ratings00 Ratings
Contract Repository10.01 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated9.01 Ratings00 Ratings
Supplier Management10.01 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Sparkrock
9.3
1 Ratings
25% above category average
Workday Financial Management
-
Ratings
Forecasting9.01 Ratings00 Ratings
Inventory Planning9.01 Ratings00 Ratings
Performance Monitoring9.01 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Sparkrock
-
Ratings
Workday Financial Management
9.1
10 Ratings
16% above category average
Credit card processing00 Ratings9.110 Ratings
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SparkrockWorkday Financial Management
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Score 8.7 out of 10
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Score 8.7 out of 10
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Score 7.2 out of 10
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User Ratings
SparkrockWorkday Financial Management
Likelihood to Recommend
9.0
(9 ratings)
8.6
(23 ratings)
Likelihood to Renew
9.1
(1 ratings)
9.0
(1 ratings)
Usability
9.0
(1 ratings)
9.4
(5 ratings)
Support Rating
9.0
(1 ratings)
9.6
(5 ratings)
User Testimonials
SparkrockWorkday Financial Management
Likelihood to Recommend
Sparkrock
For all companies that want to improve the performance of their employees and increase productivity, this software helps all daily business tasks to be executed on time efficiently and smoothly. A very useful program that's why we don't stop using it.
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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
Sparkrock
  • Data collection - the system is robust and we can tailor it to collect the information we need.
  • Easily configurable - the system is easy to configure to meet our specific business needs.
  • Reporting and data extraction - the system allows for easy access to information that helps inform business decisions.
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.
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Cons
Sparkrock
  • Many of the improvements are being met with each upgrade. Altus Dynamics has an idea portal that customers can add ideas to and vote on other customer ideas. This means that most issues that come up are resolved with each new upgrade.
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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
Sparkrock
We are already scheduled for our upgrade to NAV 2016 beginning in May 2016.
Read full review
Workday
No answers on this topic
Usability
Sparkrock
Complete workflow management to keep up to date and orderly the daily activities of employees. Allows for seamless cash flow, invoicing, general ledger, payroll, and inventory.
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.
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Support Rating
Sparkrock
Complete tracking of employee performance, hours worked, attendance and absences, vacations, and overtime.
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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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Alternatives Considered
Sparkrock
  • Real-time data that is available at our fingertips
  • Flexibility of the system to address changing needs over time
  • Elimination of the huge administrative burdens that we were experiencing as a result of the previous system due to lack of integration
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
Sparkrock
  • As a technician it's hard for me to say what effect the ROI has had on our organization, however our finance team seems satisfied on it. We look forward to deploying the staff dashboards for better financial tracking throughout our whole organization.
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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
ScreenShots

Sparkrock Screenshots

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