Unit4 Enterprise Resource Planning vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Unit4 Enterprise Resource Planning
Score 7.4 out of 10
N/A
Unit4 Enterprise Resource Planning (ERP), formerly Business World, and before that Aggresso, is described by the vendor as an ERP accounting software designed to deliver visibility and control over finances, projects, procurement, reporting, forecasting and payroll.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
Unit4 Enterprise Resource PlanningWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Unit4 Enterprise Resource PlanningWorkday 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
Unit4 Enterprise Resource PlanningWorkday Financial Management
Top Pros
Top Cons
Features
Unit4 Enterprise Resource PlanningWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Unit4 Enterprise Resource Planning
10.0
1 Ratings
32% above category average
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation10.01 Ratings8.418 Ratings
Benefit plan administration10.01 Ratings8.716 Ratings
Direct deposit files10.01 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
Unit4 Enterprise Resource Planning
6.0
1 Ratings
19% below category average
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration6.01 Ratings8.314 Ratings
Plug-ins00 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
Unit4 Enterprise Resource Planning
10.0
2 Ratings
21% above category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability10.02 Ratings8.720 Ratings
Role-based user permissions10.02 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Unit4 Enterprise Resource Planning
10.0
3 Ratings
36% above category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards10.02 Ratings8.423 Ratings
Standard reports10.03 Ratings8.820 Ratings
Custom reports10.03 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Unit4 Enterprise Resource Planning
10.0
3 Ratings
27% above category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable10.03 Ratings9.015 Ratings
Accounts receivable10.03 Ratings9.115 Ratings
Global Financial Support10.02 Ratings8.516 Ratings
Primary and Secondary Ledgers10.01 Ratings8.716 Ratings
Journals and Reconciliations10.03 Ratings8.813 Ratings
Configurable Accounting10.02 Ratings8.316 Ratings
Standardized Processes10.03 Ratings8.916 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Unit4 Enterprise Resource Planning
10.0
1 Ratings
24% above category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking10.01 Ratings9.09 Ratings
Automatic reordering00 Ratings8.69 Ratings
Location management00 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Unit4 Enterprise Resource Planning
10.0
2 Ratings
25% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing10.01 Ratings00 Ratings
Order entry10.01 Ratings00 Ratings
Credit card processing10.02 Ratings9.110 Ratings
Cost of goods sold10.01 Ratings00 Ratings
Order Orchestration10.01 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Unit4 Enterprise Resource Planning
10.0
2 Ratings
30% above category average
Workday Financial Management
-
Ratings
Billing Management10.01 Ratings00 Ratings
Cash and Asset Management10.01 Ratings00 Ratings
Travel & Expense Management10.02 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting10.01 Ratings00 Ratings
Period Close10.01 Ratings00 Ratings
Best Alternatives
Unit4 Enterprise Resource PlanningWorkday Financial Management
Small Businesses
Acumatica
Acumatica
Score 8.7 out of 10
Acumatica
Acumatica
Score 8.7 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
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User Ratings
Unit4 Enterprise Resource PlanningWorkday Financial Management
Likelihood to Recommend
10.0
(3 ratings)
8.6
(23 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
10.0
(1 ratings)
9.5
(5 ratings)
Support Rating
10.0
(1 ratings)
9.6
(5 ratings)
User Testimonials
Unit4 Enterprise Resource PlanningWorkday Financial Management
Likelihood to Recommend
Unit4
Unit4 is good for small and mid-level companies where they need a single platform to manage their functionality.
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.
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Pros
Unit4
  • Since the software is built with your needs in mind, it can be tailored to your specific needs.
  • System security is also created with your specific needs in mind and can be extremely detailed for various roles within the organization.
  • The various modules integrate well, if thought through system processes when building.
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
Unit4
  • Their layout and limited web capabilities are a turn-off
  • They lack basic functionality in their web [version]
  • The implementation phase is bumpy since their guides and process documents are not step by step and are usually confusing
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
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Usability
Unit4
Unit4 is very easy to use. One can use it without much technical knowledge.
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
Unit4
Their consultant and support service is also very responsive.
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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
Unit4
I have used Fund EZ and QuickBooks. Unit4 is for larger organizations and was needed for our scaling.
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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
Unit4
  • Our business processes were in flux when the initial build of our system was taking place - this made lives very difficult. Make sure processes are set!
  • Time - beyond what could have been imagined - this is a huge project, that needs proper resources assigned to it within a company when planning to install.
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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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