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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Synoptix

    Score7.5 out of 10
    Mid-Size Companies (51-1,000 employees)
    Synoptic provides ERP financial reporting tools and analysis. This solution is designed to deliver real-time data. The vendor’s value proposition is that their solution empowers users to create financial and operational reports with spreadsheet ease of use.N/A

    Workday Financial Management

    Score8.4 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
    SynoptixWorkday Financial Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    SynoptixWorkday Financial Management
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeOptionalNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    SynoptixWorkday Financial Management
    Considered Both Products
    Synoptix
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    88%
    Would buy again
    7 Answers
    96%
    Would buy again
    23 Answers
    Delivers good value for the price
    83%
    Delivers good value for the price
    5 Answers
    95%
    Delivers good value for the price
    21 Answers
    Happy with the feature set
    88%
    Happy with the feature set
    7 Answers
    96%
    Happy with the feature set
    23 Answers
    Lived up to sales and marketing promises
    80%
    Lived up to sales and marketing promises
    4 Answers
    95%
    Lived up to sales and marketing promises
    19 Answers
    Implementation went as expected
    83%
    Implementation went as expected
    5 Answers
    89%
    Implementation went as expected
    17 Answers
    Features
    SynoptixWorkday Financial Management
    BI Standard Reporting
    Comparison of BI Standard Reporting features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    6.0
    5 Ratings
    23% below category average
    Workday Financial Management
    -
    Ratings
    Pixel Perfect reports5.73 Ratings00 Ratings
    Customizable dashboards5.85 Ratings00 Ratings
    Report Formatting Templates6.44 Ratings00 Ratings
    Ad-hoc Reporting
    Comparison of Ad-hoc Reporting features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    7.4
    7 Ratings
    5% below category average
    Workday Financial Management
    -
    Ratings
    Drill-down analysis7.37 Ratings00 Ratings
    Formatting capabilities7.07 Ratings00 Ratings
    Integration with R or other statistical packages7.03 Ratings00 Ratings
    Report sharing and collaboration8.24 Ratings00 Ratings
    Report Output and Scheduling
    Comparison of Report Output and Scheduling features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    7.7
    5 Ratings
    3% below category average
    Workday Financial Management
    -
    Ratings
    Publish to Web7.64 Ratings00 Ratings
    Publish to PDF8.45 Ratings00 Ratings
    Report Versioning7.63 Ratings00 Ratings
    Report Delivery Scheduling7.34 Ratings00 Ratings
    Data Discovery and Visualization
    Comparison of Data Discovery and Visualization features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    6.9
    3 Ratings
    6% below category average
    Workday Financial Management
    -
    Ratings
    Pre-built visualization formats (heatmaps, scatter plots etc.)7.33 Ratings00 Ratings
    Location Analytics / Geographic Visualization6.82 Ratings00 Ratings
    Predictive Analytics6.82 Ratings00 Ratings
    Pattern Recognition and Data Mining6.82 Ratings00 Ratings
    Access Control and Security
    Comparison of Access Control and Security features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    7.6
    6 Ratings
    10% below category average
    Workday Financial Management
    -
    Ratings
    Multi-User Support (named login)7.36 Ratings00 Ratings
    Role-Based Security Model8.05 Ratings00 Ratings
    Multiple Access Permission Levels (Create, Read, Delete)7.85 Ratings00 Ratings
    Report-Level Access Control7.35 Ratings00 Ratings
    Single Sign-On (SSO)7.86 Ratings00 Ratings
    Mobile Capabilities
    Comparison of Mobile Capabilities features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    6.7
    4 Ratings
    9% below category average
    Workday Financial Management
    -
    Ratings
    Responsive Design for Web Access6.74 Ratings00 Ratings
    Mobile Application6.82 Ratings00 Ratings
    Dashboard / Report / Visualization Interactivity on Mobile6.73 Ratings00 Ratings
    Budgeting, Planning, and Forecasting
    Comparison of Budgeting, Planning, and Forecasting features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    6.6
    8 Ratings
    20% below category average
    Workday Financial Management
    -
    Ratings
    Long-term financial planning6.06 Ratings00 Ratings
    Financial budgeting6.57 Ratings00 Ratings
    Forecasting6.64 Ratings00 Ratings
    Scenario modeling5.94 Ratings00 Ratings
    Management reporting7.88 Ratings00 Ratings
    Consolidation and Close
    Comparison of Consolidation and Close features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    7.6
    7 Ratings
    2% below category average
    Workday Financial Management
    -
    Ratings
    Financial data consolidation8.26 Ratings00 Ratings
    Journal entries and reports7.03 Ratings00 Ratings
    Multi-currency management7.14 Ratings00 Ratings
    Intercompany Eliminations6.82 Ratings00 Ratings
    Minority Ownership9.12 Ratings00 Ratings
    Local and consolidated reporting7.55 Ratings00 Ratings
    Detailed Audit Trails7.46 Ratings00 Ratings
    Financial Reporting and Compliance
    Comparison of Financial Reporting and Compliance features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    7.2
    8 Ratings
    12% below category average
    Workday Financial Management
    -
    Ratings
    Financial Statement Reporting7.28 Ratings00 Ratings
    Management Reporting7.78 Ratings00 Ratings
    Excel-based Reporting8.07 Ratings00 Ratings
    Automated board and financial reporting7.37 Ratings00 Ratings
    XBRL support for regulatory filing5.73 Ratings00 Ratings
    Analytics and Reporting
    Comparison of Analytics and Reporting features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    6.5
    6 Ratings
    15% below category average
    Workday Financial Management
    -
    Ratings
    Personalized dashboards6.46 Ratings00 Ratings
    Color-coded scorecards5.94 Ratings00 Ratings
    KPIs6.73 Ratings00 Ratings
    Cost and profitability analysis6.73 Ratings00 Ratings
    Key Performance Indicator setting6.73 Ratings00 Ratings
    Benchmarking with external data6.73 Ratings00 Ratings
    Integration
    Comparison of Integration features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    7.4
    6 Ratings
    9% below category average
    Workday Financial Management
    -
    Ratings
    Flat file integration7.33 Ratings00 Ratings
    Excel data integration8.05 Ratings00 Ratings
    Direct links to 3rd-party data sources6.96 Ratings00 Ratings
    Payroll Management
    Comparison of Payroll Management features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    -
    Ratings
    Workday Financial Management
    8.1
    23 Ratings
    7% above category average
    Pay calculation00 Ratings8.323 Ratings
    Benefit plan administration00 Ratings8.020 Ratings
    Direct deposit files00 Ratings8.220 Ratings
    Customization
    Comparison of Customization features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    -
    Ratings
    Workday Financial Management
    8.1
    20 Ratings
    7% above category average
    API for custom integration00 Ratings8.517 Ratings
    Plug-ins00 Ratings7.819 Ratings
    Security
    Comparison of Security features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    -
    Ratings
    Workday Financial Management
    9.0
    25 Ratings
    7% above category average
    Single sign-on capability00 Ratings9.225 Ratings
    Role-based user permissions00 Ratings8.823 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    -
    Ratings
    Workday Financial Management
    8.0
    27 Ratings
    6% above category average
    Dashboards00 Ratings8.227 Ratings
    Standard reports00 Ratings7.924 Ratings
    Custom reports00 Ratings8.022 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    -
    Ratings
    Workday Financial Management
    7.7
    23 Ratings
    0% below category average
    Accounts payable00 Ratings7.518 Ratings
    Accounts receivable00 Ratings6.918 Ratings
    Global Financial Support00 Ratings7.519 Ratings
    Primary and Secondary Ledgers00 Ratings7.419 Ratings
    Journals and Reconciliations00 Ratings7.716 Ratings
    Configurable Accounting00 Ratings7.719 Ratings
    Standardized Processes00 Ratings7.920 Ratings
    Inventory Management
    Comparison of Inventory Management features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    -
    Ratings
    Workday Financial Management
    7.2
    11 Ratings
    10% below category average
    Inventory tracking00 Ratings7.611 Ratings
    Automatic reordering00 Ratings7.211 Ratings
    Location management00 Ratings6.810 Ratings
    Order Management
    Comparison of Order Management features of Synoptix and Workday Financial Management
    Feature
    Synoptix
    -
    Ratings
    Workday Financial Management
    7.3
    11 Ratings
    8% below category average
    Credit card processing00 Ratings7.311 Ratings
    Best Alternatives
    SynoptixWorkday Financial Management
    Small Businesses
    No answers on this topic
    Zoho One
    Score9.2 out of 10
    Medium-sized Companies
    IBM Planning Analytics
    Score8.5 out of 10
    Zoho One
    Score9.2 out of 10
    Enterprises
    Oracle Fusion Cloud Enterprise Performance Management
    Score7.2 out of 10
    Microsoft Dynamics AX (discontinued)
    Score4.8 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    SynoptixWorkday Financial Management
    Likelihood to Recommend
    7.5
    (18 ratings)
    8.4
    (27 ratings)
    Likelihood to Renew
    9.1
    (2 ratings)
    9.0
    (1 ratings)
    Usability
    7.2
    (7 ratings)
    9.0
    (10 ratings)
    Support Rating
    9.1
    (2 ratings)
    10.0
    (5 ratings)
    Implementation Rating
    9.1
    (1 ratings)
    -
    (0 ratings)
    User Testimonials
    SynoptixWorkday Financial Management
    Likelihood to Recommend
    Synoptix
    Synoptix has been great for us to allow end users access to the data and information they need to make informed decisions without letting them have full access to all ERP functions. It has also been very easy to create custom reports that meet our needs. It is also nimble enough to create quick reports that are needed with a small turnaround
    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
    Synoptix
    • Easy report building interface with an query interface that allows financial users the ability to conduct complex queries without difficulty.
    • The ability to create reporting that allows us to review in-depth financial review by drilling down into accounts to find transnational data easily.
    • Easily maintained and monitored with simple upgrade installations and end point installation.
    • Great knowledge base for review and trouble-shooting.
    • Highly knowledgeable and easy to work with staff.
    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
    Synoptix
    • It has a poor install procedure which is not standard. It almost requires copying folders from an existing computer to the new install.
    • The update process is less than desirable. It seems like Compusoft needs to do a better job of testing before releasing updates.
    • The interface is a bit archaic. It looks more like a program from 20 years ago than one used today.
    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
    Synoptix
    There is no question that we will continue to use this product for as long as it's available
    Incentivized
    Read full review
    Workday
    No answers on this topic
    Usability
    Synoptix
    It didn't take long to learn how it works and has always been easy to navigate and accomplish all that we have needed. Whenever there have been any issues Synopotix has been great to address them in a timely manner and have always been able to resolve the issues we have had
    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
    Synoptix
    Support does not know much about software solutions. As an example, I have struggled for weeks just to set up LDAP that should be fairly simple.
    Incentivized
    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
    Implementation Rating
    Synoptix
    Good guidance of what steps will halppen.
    Read full review
    Workday
    No answers on this topic
    Alternatives Considered
    Synoptix
    Synoptix is more oriented to users as their own developers. You do not need to understand any sort of coding or languages. If you are working in financials you just need to know your trial balance. The menus and programing are so user friendly the programming is "kinda obvious"
    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
    Synoptix
    • As a reporting tool it has allowed us to make fact based decisions. We have a significant annual cost with relation to our legacy system and Synoptix provides us with the best tool to mine the data that resides in our legacy system.
    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

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis