TrackWise vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
TrackWise
Score 8.1 out of 10
N/A
Sparta Systems headquartered in Hamilton offers TrackWise, a quality management system designed to allow the user to leverage existing investment to quickly implement a cost-effective quality management system. Also, TrackWise Digital helps users to track and manage internal, third-party, and regulatory audits.N/A
Workday Financial Management
Score 8.3 out of 10
N/A
Workday Financial Management is a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…N/A
Pricing
TrackWiseWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
TrackWiseWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
TrackWiseWorkday Financial Management
Features
TrackWiseWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
TrackWise
-
Ratings
Workday Financial Management
8.1
23 Ratings
10% above category average
Pay calculation00 Ratings8.323 Ratings
Benefit plan administration00 Ratings8.020 Ratings
Direct deposit files00 Ratings8.120 Ratings
Customization
Comparison of Customization features of Product A and Product B
TrackWise
-
Ratings
Workday Financial Management
8.1
20 Ratings
9% above category average
API for custom integration00 Ratings8.517 Ratings
Plug-ins00 Ratings7.719 Ratings
Security
Comparison of Security features of Product A and Product B
TrackWise
-
Ratings
Workday Financial Management
9.0
25 Ratings
7% above category average
Single sign-on capability00 Ratings9.125 Ratings
Role-based user permissions00 Ratings8.823 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
TrackWise
-
Ratings
Workday Financial Management
8.0
27 Ratings
9% above category average
Dashboards00 Ratings8.027 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 Product A and Product B
TrackWise
-
Ratings
Workday Financial Management
7.7
23 Ratings
0% above category average
Accounts payable00 Ratings7.518 Ratings
Accounts receivable00 Ratings7.018 Ratings
Global Financial Support00 Ratings7.419 Ratings
Primary and Secondary Ledgers00 Ratings7.319 Ratings
Journals and Reconciliations00 Ratings7.616 Ratings
Configurable Accounting00 Ratings7.519 Ratings
Standardized Processes00 Ratings7.820 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
TrackWise
-
Ratings
Workday Financial Management
7.2
11 Ratings
10% below category average
Inventory tracking00 Ratings7.511 Ratings
Automatic reordering00 Ratings7.211 Ratings
Location management00 Ratings6.710 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
TrackWise
-
Ratings
Workday Financial Management
7.1
11 Ratings
10% below category average
Credit card processing00 Ratings7.111 Ratings
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User Ratings
TrackWiseWorkday Financial Management
Likelihood to Recommend
9.0
(2 ratings)
8.3
(26 ratings)
Likelihood to Renew
9.0
(1 ratings)
9.0
(1 ratings)
Usability
9.0
(1 ratings)
9.0
(9 ratings)
Support Rating
5.0
(1 ratings)
10.0
(5 ratings)
User Testimonials
TrackWiseWorkday Financial Management
Likelihood to Recommend
Sparta Systems
We use Trackwise to record non-conformances that are reported by our clients and also the non-conformances that are found within the manufacturing floor during the manufacturing process. TrackWise is extremely easy to use and can be customized as per user needs. It is easy to create records and define child-parent relationships in the software. Users can pull customized reports and they can create dashboards as per the business demands to make sure they can track non-conformance resolution cycle time. We use TrackWise in integration with SAP which makes the system accessible to a wider user base. It is not only used to record the non-conformances, but also the part disposition details in cases where a part is supposed to be delivered from the client to us and in cases where the part is delivered to suppliers. We also use TrackWise to record the corrective actions and root cause for the reported issue. Trackwise is widely used to record Audits assessments in our organization. Trackwise is also used to report workmanship issues and to record the cycle time involved to resolve the issue and corrective actions taken to avoid the issue in the future.
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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
Sparta Systems
  • Tracking System
  • Search Function
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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
Sparta Systems
  • No suggestion for improvements
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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
Sparta Systems
The user experience is great and I would recommend other's to use trackwise for it's customization flexibility
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Workday
No answers on this topic
Usability
Sparta Systems
It is easy to use. Easy navigation. Flexible to customize. Real-time analytics help to track the record cycle time. Can be used by multiple departments for various business processes.
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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
Sparta Systems
I did not interact with the support team.
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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
Sparta Systems
Trackwise is better than Arena. You need sign-offs before moving to the next step. While in Arena, you can complete the whole task and request sign off later. Not sure which is better for everyone, but I prefer to sign off before moving to the next step.
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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
Sparta Systems
  • Got rid of paper tracking.
  • Saves time by easily searching data base.
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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.
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ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis