Tipalti vs. Workday Adaptive Planning

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Tipalti
Score 7.8 out of 10
Mid-Size Companies (51-1,000 employees)
Tipalti automates critical financial processes to drive efficiency, including accounts payable, mass payments, procurement, and expenses, all on one global finance automation platform that grows with the organization, automating, de-risking and simplifying finance.
$129
per month
Workday Adaptive Planning
Score 7.8 out of 10
Mid-Size Companies (51-1,000 employees)
Workday Adaptive Planning streamlines planning workflows, using AI and real-time data integration to improve collaboration and provide predictive forecasts for better strategic analysis.N/A
Pricing
TipaltiWorkday Adaptive Planning
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
TipaltiWorkday Adaptive Planning
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeRequiredOptional
Additional DetailsPricing starts at $149 per month for the platform fee. Users can upgrade to Tipalti's more advanced capabilities as their businesses gets more complex. The Tipalti pricing model is designed to grow with the user's company. Advanced features such as W-8 tax forms, international tax IDs, or multi-entity payables are available as needed.
More Pricing Information
Community Pulse
TipaltiWorkday Adaptive Planning
Considered Both Products
Tipalti
Chose Tipalti
I've previously used an SAP platform for AP functionality. SAP has great reports that can be downloaded, but the function in the application can be very bulky and slow or in short a bad UI. Tipalti has an incredible UI that enables the users to make all edits right in the …
Workday Adaptive Planning

No answer on this topic

Features
TipaltiWorkday Adaptive Planning
Payment Management
Comparison of Payment Management features of Product A and Product B
Tipalti
8.8
62 Ratings
17% above category average
Workday Adaptive Planning
-
Ratings
Customizable Approval Policies8.750 Ratings00 Ratings
Financial Document Management8.047 Ratings00 Ratings
Payment Status Tracking9.259 Ratings00 Ratings
Payment Audit Trail9.053 Ratings00 Ratings
Duplicate Bill Detection9.052 Ratings00 Ratings
Advanced OCR8.645 Ratings00 Ratings
Electronic Funds Transfer9.348 Ratings00 Ratings
Accounts Payable
Comparison of Accounts Payable features of Product A and Product B
Tipalti
8.4
55 Ratings
21% above category average
Workday Adaptive Planning
-
Ratings
Automated Accounts Payable Processes8.952 Ratings00 Ratings
Vendor Management9.052 Ratings00 Ratings
Tax Form Preparation7.432 Ratings00 Ratings
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
9.3
1 Ratings
22% above category average
Pixel Perfect reports00 Ratings9.01 Ratings
Customizable dashboards00 Ratings10.01 Ratings
Report Formatting Templates00 Ratings9.01 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
8.0
1 Ratings
0% below category average
Drill-down analysis00 Ratings9.01 Ratings
Formatting capabilities00 Ratings7.01 Ratings
Integration with R or other statistical packages00 Ratings8.01 Ratings
Report sharing and collaboration00 Ratings8.01 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
8.0
1 Ratings
2% below category average
Publish to PDF00 Ratings8.01 Ratings
Report Versioning00 Ratings8.01 Ratings
Report Delivery Scheduling00 Ratings8.01 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
7.7
1 Ratings
1% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings7.01 Ratings
Location Analytics / Geographic Visualization00 Ratings8.01 Ratings
Predictive Analytics00 Ratings8.01 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
9.0
1 Ratings
5% above category average
Multi-User Support (named login)00 Ratings9.01 Ratings
Role-Based Security Model00 Ratings9.01 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings9.01 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
8.5
1 Ratings
9% above category average
Responsive Design for Web Access00 Ratings8.01 Ratings
Mobile Application00 Ratings8.01 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings10.01 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
8.8
191 Ratings
7% above category average
Long-term financial planning00 Ratings8.8177 Ratings
Financial budgeting00 Ratings9.3188 Ratings
Forecasting00 Ratings8.6183 Ratings
Scenario modeling00 Ratings8.0172 Ratings
Management reporting00 Ratings9.3188 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
6.9
156 Ratings
13% below category average
Financial data consolidation00 Ratings5.8118 Ratings
Journal entries and reports00 Ratings7.179 Ratings
Multi-currency management00 Ratings6.390 Ratings
Intercompany Eliminations00 Ratings6.270 Ratings
Minority Ownership00 Ratings5.241 Ratings
Local and consolidated reporting00 Ratings9.5104 Ratings
Detailed Audit Trails00 Ratings8.2131 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
8.0
179 Ratings
0% above category average
Financial Statement Reporting00 Ratings8.2158 Ratings
Management Reporting00 Ratings8.8174 Ratings
Excel-based Reporting00 Ratings8.2173 Ratings
Automated board and financial reporting00 Ratings8.9150 Ratings
XBRL support for regulatory filing00 Ratings5.931 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
8.2
148 Ratings
2% above category average
Personalized dashboards00 Ratings8.1130 Ratings
Color-coded scorecards00 Ratings8.9108 Ratings
KPIs00 Ratings8.5121 Ratings
Cost and profitability analysis00 Ratings7.9123 Ratings
Key Performance Indicator setting00 Ratings8.6105 Ratings
Benchmarking with external data00 Ratings7.372 Ratings
Integration
Comparison of Integration features of Product A and Product B
Tipalti
-
Ratings
Workday Adaptive Planning
8.7
169 Ratings
5% above category average
Flat file integration00 Ratings8.7132 Ratings
Excel data integration00 Ratings8.8162 Ratings
Direct links to 3rd-party data sources00 Ratings8.5121 Ratings
Best Alternatives
TipaltiWorkday Adaptive Planning
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Score 9.7 out of 10

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Medium-sized Companies
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Square 9 Softworks
Score 9.7 out of 10
Centage
Centage
Score 9.5 out of 10
Enterprises
Webexpenses
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Score 8.7 out of 10
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Score 8.9 out of 10
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User Ratings
TipaltiWorkday Adaptive Planning
Likelihood to Recommend
8.3
(100 ratings)
8.5
(218 ratings)
Likelihood to Renew
9.1
(4 ratings)
7.6
(43 ratings)
Usability
8.6
(76 ratings)
8.4
(124 ratings)
Availability
9.1
(1 ratings)
7.3
(11 ratings)
Performance
8.2
(1 ratings)
9.1
(5 ratings)
Support Rating
7.4
(14 ratings)
8.2
(33 ratings)
In-Person Training
-
(0 ratings)
8.2
(2 ratings)
Online Training
7.3
(2 ratings)
7.3
(9 ratings)
Implementation Rating
7.3
(3 ratings)
8.7
(27 ratings)
Configurability
7.3
(2 ratings)
8.2
(5 ratings)
Contract Terms and Pricing Model
-
(0 ratings)
7.3
(1 ratings)
Ease of integration
6.4
(1 ratings)
7.4
(8 ratings)
Product Scalability
6.4
(1 ratings)
8.3
(12 ratings)
Professional Services
-
(0 ratings)
8.2
(1 ratings)
Vendor post-sale
8.2
(1 ratings)
8.2
(4 ratings)
Vendor pre-sale
8.2
(1 ratings)
6.4
(4 ratings)
User Testimonials
TipaltiWorkday Adaptive Planning
Likelihood to Recommend
Tipalti
I would tell them that it manually syncs to ERPS. Additionally I would include the fact that you can pay multiple entities in one pay run allowing to be very efficient. I would also include that they can add rules to bill approvals or set up auto payments for certain vendors. Lastly, there are many reports you can run providing you will very informational data in seconds.
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Workday
We're a mid-size organization working with a shoestring budget and an IT skeleton crew...not much room to dedicate resources to a platform like this fully. Having it SaaS based is helpful for system management through their Helpdesk system, and a single platform also helps streamline the knowledge needed by our developers when integrating other business aspects to Workday.
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Pros
Tipalti
  • Tipalti has a very user friendly interface, clearly laid out and easy to navigate
  • The audit trail feature is hugely helpful to track an invoice's progress through the system
  • Being able to schedule invoices to be paid exactly on their due date ensures we pay on time but not earlier than necessary
  • We were able to put in strong controls around changes to vendor data
Read full review
Workday
  • It helps create dynamic plans for finances, operations and various functional units in an organization all under one platform
  • It helps in scenario modeling to help analyze various business events and report by any number of business dimensions including channel, customer or product
  • It can be integrated with any system including ERP, BI or CRM
Read full review
Cons
Tipalti
  • The report that provides the "Not payable" vendors does not work well for us, particularly because the sync to our ERP goes both ways, which means all of the employees also sync over to Tipalti and remain as Not Payable. So the list is very long, and I don't find a good use for it.
Read full review
Workday
  • Dashboards are not the best for graphs/charts. However, I have heard of companies using the dashboards for forecasting/budgeting. I would like to see Workday Adaptive Planning demonstrate this part of the feature.
  • Better security or locks to prevent deleting Actuals data - you are literally one click away from doing this.
  • On the web-based reports, better functionality when needing to reverse the sign in calculations - right now it is only available for revenue vs. expenses.
Read full review
Likelihood to Renew
Tipalti
Solid system performance. Suits our needs and solution provider very inclined to accept feedback and involve users in developing the solution to serve both the provider and the ultimate user. Tipalti has streamlined our process that was previously very manual and prone to error. Now there is transparency of information and role.
Read full review
Workday
For one we're in way too deep to not move forward with Adaptive. We're integrated with Workday, we do a ton of reporting with Adaptive, and it's working very well for planning and forecasting. No reason to look back or change course.
Read full review
Usability
Tipalti
Two-time Tipalti selector, implementor, and user. The payment features in the app saves many steps in the payment process. No longer do you have to set-up or upload payment information to your bank and then go back to your accounting system and mark items as paid. Tipalti does all of this with a click of a mouse. The payment feature is the stand out feature. Many vendors can process your invoices. Look at how at the payment process of others.....you will see.
Read full review
Workday
It is overwhelming at first, but once you really get to know it, you realize it is fairly simple and customizable, and then it has a lot more limitations than you first thought. Realizing those limitations and finding workarounds is when you know you've mastered the software.
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Reliability and Availability
Tipalti
Tipalti has always been responsive to our questions and concerns.
Read full review
Workday
There haven't been any lately. The only one issue I can think of is when there was an update in Adaptive that altered our reports. Before I realized there was an issue, Adaptive reached out to let me know, so that it could be fixed.
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Performance
Tipalti
No issues here. Generally has been pretty fast.
Read full review
Workday
All aspects of Adaptive Insights perform well. One area that I wish was quicker was integration. When importing data from Intacct our accounting ERP platform, it can sometimes take 4 hours for the import to process. The earlier imports are done, the quicker they complete. My estimate for a quick upload is about two hours.
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Support Rating
Tipalti
Since I also work in customer support, I often have to contact Tipalti's team with questions from our users. Tipalti's support team has always been exceptionally helpful and it was a pleasure to communicate with them. I have always received prompt responses to any inquiries and they are excellent at solving our customers' issues within a short time
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Workday
Whenever we have had any questions, issues, or concerns, the support has been quick and thorough. [This] allow[s] us to be able to fully resolve any issues, or be connected with the right group quickly to attain the result we were after; be it from simple formatting to adding new detailed reporting.
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In-Person Training
Tipalti
No answers on this topic
Workday
This was extremely helpful so that they could walk you through the model and teach you more about the complexity of various areas. It is most helpful when it is specific to your organization's model. The larger in-person trainings were helpful but they tended to be more generic and entry level. The trainings that are more tailored to your specific needs are the most helpful.
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Online Training
Tipalti
Tipalti provides great How to online guide
Read full review
Workday
They often times tended to be way too generic or entry level. They would also become sales pitches to upgrade or get new Adaptive Planning products. The questions in the training would be very niche and specific to other organizations. They were rarely helpful to the group at large.
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Implementation Rating
Tipalti
The salesperson involved was involved in implementation which I found very helpful.
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Workday
Trust the expertise of very strong 3rd party implementers. Having deployed Adaptive at a separate company before, I thought I knew it all (hubris, I know). Fortunately, I began to (very quickly) trust the judgment of our Carlson implementation team, and they provided invaluable insights and best-in-class processes that have benefitted me and my team greatly.
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Alternatives Considered
Tipalti
From initial implementation through to user experience, Tipalti has been able to exceed our expectations in terms of its functionality and useability. We have found with other systems implemented in the past they did not match our expectations which resulted in us terminating these services.
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Workday
Workday became our choice because it is fully web-based and easily integrates with other systems. The learning curve for Workday was shorter than that of Dynamics. The reporting tools in Workday are more user-friendly than that of Dynamics. However Workday did not have Check Printing tools which are available in Dynamics. The organization started a project to digitize all financial transactions so it was not a priority feature. When it comes to scaling up the functionalities of Workday it was much easier than Dynamics.
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Contract Terms and Pricing Model
Tipalti
I did not make the decision to purchase this product.
Read full review
Workday
Good read only seat access
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Scalability
Tipalti
We were given the option of only one integration.
Read full review
Workday
We went from 2 users to 70+ users over a 2 year period of time. The application scaled wonderfully. 65 of those users were non-finance users so they were able to quickly learn the software and prepare budgets quickly and efficiently. That is the power of Adaptive and its ability to scale
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Professional Services
Tipalti
No answers on this topic
Workday
This is now available in house at Workday which is convenient.
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Return on Investment
Tipalti
  • Vendor onboarding has taken the responsibility from one person to the Vendor directly. This provides the vendor with the ability to enter their own banking information for payments and upload their Federal W9 form.
  • Vendors can upload their own invoices to the system, taking the possibility that our AP team did not receive an emailed or mailed invoice to upload. This also increases payment efficiency as the vendor's invoice is processed in a more timely manner.
  • AP can review invoices for accuracy and concentrate on how to code an invoice, rather than be a paper pusher or a data entry clerk. AP doesn't spend time searching for invoices that might be a duplicate, the system will communicate this on the software review process and if AP has uploaded by email the same invoice multiple times, an email will be sent to AP to indicate that the invoice was not uploaded due to duplication.
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Workday
  • It's facilitated a better financial literacy and management by the non-financial managers in the company, giving them a much better ability to see what they're spending, control it, and plan better in the future.
  • It's hard to quantify the ease of model and version management, but we could never do what we're doing now with our current staff. It would take a small army to replicate anything close to what Adaptive pulls off using Excel, if it's even possible.
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ScreenShots

Tipalti Screenshots

Screenshot of Intelligent invoicing workflowScreenshot of Mobile approvals for invoices and paymentsScreenshot of Brandable self-service supplier portal (including handling tax forms)Screenshot of Brandable self-service portal to collect and validate payment detailsScreenshot of Combined payment methods, currencies, and entities in a single payment fileScreenshot of an early payment, which can be offered to suppliers through email or the supplier portal

Workday Adaptive Planning Screenshots

Screenshot of Screenshot of the AI Predictive ForecasterScreenshot of the dashboard