Oracle Fusion Cloud ERP vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Oracle Fusion Cloud ERP
Score 8.1 out of 10
N/A
Oracle Cloud Enterprise Resource Planning (ERP) is a core suite of Oracle Cloud software-as-a-service (SaaS) applications. Oracle Expense Management and Oracle Risk Management are part of this solution. Other apps include Financials, Revenue Management, Accounting Hub, PPM, and Procurement. The single cloud platform offers built-in industry standards and modern best practices. ERP software is the backbone of many organizations and Oracle aims to offer a modern, connected…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
Oracle Fusion Cloud ERPWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Oracle Fusion Cloud ERPWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeRequiredNo setup fee
Additional DetailsPricing per user varies by component within the Oracle ERP Cloud solution.
More Pricing Information
Community Pulse
Oracle Fusion Cloud ERPWorkday Financial Management
Considered Both Products
Oracle Fusion Cloud ERP
Chose Oracle Fusion Cloud ERP
I much rather prefer Oracle Cloud ERP to Workday. Workday is still trying to figure everything out. Oracle consists of multiple experts leading financial software information/use.
Chose Oracle Fusion Cloud ERP
Oracle Cloud ERP clearly has the most robust feature set and track record of delivering great and stable cloud products. If you are confident your company is going to scale and make it through an IPO I'm not sure why you would choose anything else but Oracle Cloud ERP.
Chose Oracle Fusion Cloud ERP
Oracle has more features then Workday, which is great for larger and more complex clients. The Oracle and Workday UI are now on the same level for usability. However, Workday has fewer bugs based on my experience. Workday you can configure in a matter of days, because each …
Chose Oracle Fusion Cloud ERP
Workday did not offer us the full spectrum that oracle cloud offered. Ariba Contract Management required a full upgrade to the cloud and did not offer the benefits that Oracle cloud offered. We outgrew the PeopleSoft application for both HCM and eprocurement.
Workday Financial Management
Chose Workday Financial Management
Workday Financial Management provides additional capabilities like real time financial analytics creation, easy tracking of multiple projects expense and management of all project financial data from one platform. CRM features are also impressive, billing tools and the online …
Chose Workday Financial Management
Stacking up it was a faster and more inexpensive implementation. Granted it was still early in the system development years, but the results and the five years of using it speak for themselves. Cloud we wanted, comprehensive financials was a core functional requirement and …
Top Pros
Top Cons
Features
Oracle Fusion Cloud ERPWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Oracle Fusion Cloud ERP
9.0
17 Ratings
22% above category average
Workday Financial Management
8.3
18 Ratings
14% above category average
Pay calculation8.917 Ratings8.418 Ratings
Benefit plan administration9.017 Ratings8.716 Ratings
Direct deposit files9.014 Ratings8.316 Ratings
Customization
Comparison of Customization features of Product A and Product B
Oracle Fusion Cloud ERP
7.4
177 Ratings
2% above category average
Workday Financial Management
8.3
16 Ratings
13% above category average
API for custom integration7.4174 Ratings8.314 Ratings
Plug-ins7.3147 Ratings8.215 Ratings
Security
Comparison of Security features of Product A and Product B
Oracle Fusion Cloud ERP
8.5
212 Ratings
4% above category average
Workday Financial Management
8.8
20 Ratings
8% above category average
Single sign-on capability8.7192 Ratings8.720 Ratings
Role-based user permissions8.4207 Ratings8.818 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Oracle Fusion Cloud ERP
8.2
216 Ratings
16% above category average
Workday Financial Management
8.5
23 Ratings
20% above category average
Dashboards8.5204 Ratings8.423 Ratings
Standard reports8.2209 Ratings8.820 Ratings
Custom reports8.0205 Ratings8.418 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Oracle Fusion Cloud ERP
8.9
236 Ratings
15% above category average
Workday Financial Management
8.5
19 Ratings
11% above category average
Accounts payable8.5225 Ratings9.015 Ratings
Accounts receivable8.4216 Ratings9.115 Ratings
Global Financial Support8.1167 Ratings8.516 Ratings
Primary and Secondary Ledgers8.4194 Ratings8.716 Ratings
Journals and Reconciliations8.3202 Ratings8.813 Ratings
Configurable Accounting8.5185 Ratings8.316 Ratings
Standardized Processes8.6198 Ratings8.916 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Oracle Fusion Cloud ERP
8.3
159 Ratings
5% above category average
Workday Financial Management
8.7
9 Ratings
10% above category average
Inventory tracking8.6154 Ratings9.09 Ratings
Automatic reordering8.6136 Ratings8.69 Ratings
Location management8.1138 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Oracle Fusion Cloud ERP
8.3
152 Ratings
7% above category average
Workday Financial Management
9.1
10 Ratings
16% above category average
Pricing8.3140 Ratings00 Ratings
Order entry8.5145 Ratings00 Ratings
Credit card processing8.2120 Ratings9.110 Ratings
Cost of goods sold8.3130 Ratings00 Ratings
Order Orchestration8.0122 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Oracle Fusion Cloud ERP
8.3
202 Ratings
11% above category average
Workday Financial Management
-
Ratings
Billing Management8.5159 Ratings00 Ratings
Cash and Asset Management8.3175 Ratings00 Ratings
Travel & Expense Management8.4144 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting8.0142 Ratings00 Ratings
Period Close8.7171 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Oracle Fusion Cloud ERP
8.2
146 Ratings
8% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting8.2131 Ratings00 Ratings
Project Costing8.3133 Ratings00 Ratings
Cost Capture8.2122 Ratings00 Ratings
Capital Project Management8.0119 Ratings00 Ratings
Customer Contract Compliance8.2109 Ratings00 Ratings
Project Revenue Recognition8.1115 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Oracle Fusion Cloud ERP
8.1
105 Ratings
17% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling8.499 Ratings00 Ratings
Task Insight for Project Managers7.792 Ratings00 Ratings
Project Mobile Functionality7.695 Ratings00 Ratings
Definable Resource Pools7.685 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Oracle Fusion Cloud ERP
8.4
107 Ratings
11% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management8.291 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Oracle Fusion Cloud ERP
8.1
142 Ratings
15% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared7.899 Ratings00 Ratings
Contract Authoring8.2100 Ratings00 Ratings
Contract Repository7.994 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated8.0114 Ratings00 Ratings
Supplier Management8.1118 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Oracle Fusion Cloud ERP
7.9
79 Ratings
19% above category average
Workday Financial Management
-
Ratings
Risk Repository7.974 Ratings00 Ratings
Control Management7.974 Ratings00 Ratings
Control Efficiency Assessments7.867 Ratings00 Ratings
Issue Detection8.067 Ratings00 Ratings
Remediation and Certification7.967 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Oracle Fusion Cloud ERP
7.9
80 Ratings
14% above category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization7.965 Ratings00 Ratings
Transportation Execution Management8.062 Ratings00 Ratings
Trade and Customs Management8.459 Ratings00 Ratings
Fulfillment Management7.963 Ratings00 Ratings
Warehouse Workforce Management8.361 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Oracle Fusion Cloud ERP
8.0
73 Ratings
6% above category average
Workday Financial Management
-
Ratings
Production Process Design8.066 Ratings00 Ratings
Production Management8.268 Ratings00 Ratings
Configuration Management8.266 Ratings00 Ratings
Work Execution8.064 Ratings00 Ratings
Manufacturing Costs8.164 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Oracle Fusion Cloud ERP
8.3
94 Ratings
14% above category average
Workday Financial Management
-
Ratings
Forecasting8.392 Ratings00 Ratings
Inventory Planning8.293 Ratings00 Ratings
Performance Monitoring8.585 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Oracle Fusion Cloud ERP
7.8
74 Ratings
7% above category average
Workday Financial Management
-
Ratings
Proposal Management8.165 Ratings00 Ratings
Product Master Data Management8.267 Ratings00 Ratings
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Oracle Fusion Cloud ERPWorkday Financial Management
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Score 8.7 out of 10
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User Ratings
Oracle Fusion Cloud ERPWorkday Financial Management
Likelihood to Recommend
8.7
(257 ratings)
8.6
(23 ratings)
Likelihood to Renew
5.5
(12 ratings)
9.0
(1 ratings)
Usability
7.9
(8 ratings)
9.4
(5 ratings)
Availability
5.0
(4 ratings)
-
(0 ratings)
Performance
6.0
(4 ratings)
-
(0 ratings)
Support Rating
8.3
(12 ratings)
9.6
(5 ratings)
In-Person Training
7.4
(2 ratings)
-
(0 ratings)
Online Training
8.1
(2 ratings)
-
(0 ratings)
Implementation Rating
6.7
(11 ratings)
-
(0 ratings)
Configurability
9.0
(3 ratings)
-
(0 ratings)
Ease of integration
9.0
(3 ratings)
-
(0 ratings)
Product Scalability
7.0
(3 ratings)
-
(0 ratings)
Vendor post-sale
7.0
(3 ratings)
-
(0 ratings)
Vendor pre-sale
7.0
(3 ratings)
-
(0 ratings)
User Testimonials
Oracle Fusion Cloud ERPWorkday Financial Management
Likelihood to Recommend
Oracle
We are a publicly-traded healthcare company with over 50000 full-time and part-time employees. We also currently have about 15000 contingent workers in our workforce. Oracle Cloud ERP is very well suited for an enterprise our size. Our financial department relies heavily on Oracle cloud ERP for daily business functions like procurement, supply chain, accounts reconciliation, ledgers, payables, receivables, and supply chain logistics. The executive team uses this system for project management and our risk assessment and management department for Compliance, risk management portfolio.
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.
Read full review
Pros
Oracle
  • I no longer need VPN to login into the ERP cloud system.
  • I no longer need Java app required for form based application.
  • Data uploading feature using excel was highly required as it makes user life easy.
  • The application is self explanatory and easy to use.
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.
Read full review
Cons
Oracle
  • Wide localization process.
  • Automated (without a human) business operations, better rpa solutions, scanning, mobile app, etc
  • Central systems for the company re using more than one erp systems.
  • Better reporting tools
  • Developer source also not such enough maybe to support them in each (in their market) countries.
  • Price policy also
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
Read full review
Likelihood to Renew
Oracle
Oracle ERP cloud is a significant investment for our company. It will be an ongoing software cost and there's no looking back on that. Our users have become very accustomed to this tool that it is not practically feasible to rip them off from this system. So yes we will continue to renew the subscription going forward.
Read full review
Workday
No answers on this topic
Usability
Oracle
Because as I said before, there are some good and some bad things. But good things seem to be more than the bad, and the bad things I personally think are going to be solved quickly, maybe with some patches over time.
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.
Read full review
Reliability and Availability
Oracle
The application is used by big banks like HSBC is a testament to its reliability. I did not hear or experience any outages.Oracle is in the hosting business since long. In its previous avatar, it used to be called as Oracle on demand. So oracle has enough experience and expertise in hosting and managing customers applications in their datacenters. Oracle is the only major company which has platform as a service, database as a service and software as a service product offerings on the cloud.Hence customers can rely on Oracle as many major fortune 500 companies do.
Read full review
Workday
No answers on this topic
Performance
Oracle
Cloud performance is something that they need to improve. Also it is not consistent. Sometimes for some users it is slow while for others it is fast. This is frustrating for users especially when they are in the middle of what they are doing. We communicated this to Oracle and they suggested to submit request for environment re-sizing. But again this we think should be a proactive effort from Oracle rather than relying on customers to reach out. This is something Oracle definitely needs to work on.
Read full review
Workday
No answers on this topic
Support Rating
Oracle
Support is always providing step by step details to resolve any issue we encounter. If the issue is currently not a functionality or feature of the application they are supportive in offering guidance on submitting an enhancement request. Currently there is an enhancement that will be rolled out by Oracle that was designed for our organization.
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.
Read full review
In-Person Training
Oracle
The inperson trainings from Oracle University are effective. The trainers have vast experience and teached thousands of students. In person training will make people sit in a class and do the exercises. One can also learn from other students, who come with different background, industry etc. In person training will be an immersive experience and helps learn more in a short period of time.
Read full review
Workday
No answers on this topic
Online Training
Oracle
We bought online training subscription from Oracle University. The subscription allowed our team to learn the nuts and bolts of the application.The subscription model helps access to all the modules as opposed to buying training for one module. We also leveraged guided learning subscription from Oracle. Guided learning is a state of the art learning application from Oracle. It resides within the application and guides the users on each and every step. This is learning by doing and is very effective. Once you buy guided learning, oracle keeps updating it with the release of new functionality in the quarterly upgrades.
Read full review
Workday
No answers on this topic
Implementation Rating
Oracle
Try to use the system as true to generic form as possible and cut over quickly. Parallel implementation is not recommended. If the numbers are accurate and materially similar to prior period - cut over. A small accounting adjustment is much better than millions in project overruns or dual system maintenance.
Read full review
Workday
No answers on this topic
Alternatives Considered
Oracle
Oracle ERP Cloud is very powerful in giving us reliable financial management analysis that helps us run our business and makes sure our business is growing and developing each and [every] day. The support team from this tool is very useful, reliable[,] and supportive 24/7.
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.
Read full review
Scalability
Oracle
Orcle ERP Cloud transformed and stabilized in this past 2 years since it was implemented. We have past the auditor reviews and 24 month end closes and 8 quarter closes and 2 FY closes. Above all we do have SEC reporting with all this data. Having said that our ERP subscription is a worthy investment and highly reliable source of information for our organization's needs
Read full review
Workday
No answers on this topic
Return on Investment
Oracle
  • A tool that has made us able to get much ROI by the bank account integration, management of cash, and controlling business unit.
  • Project management is made easy with its module and tracking with the exact time and issuance makes it more convenient and compatible for the return.
  • Automation in pay and expenses improve the company’s visibility in the market.
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.
Read full review
ScreenShots

Oracle Fusion Cloud ERP Screenshots

Screenshot of Critical information is available at a glance with comprehensive details a click away.Screenshot of Social collaboration meets the modern communication needs of today's employees and breaks down barriers between teams.Screenshot of A simple, modern interface provides easy access to information across areas, personalized for each user.Screenshot of Critical information is available at a glance with comprehensive details a click away.Screenshot of Analytics provide insight to understand what is happening across your business today and to predict future events by analyzing trends.Screenshot of Social collaboration meets the modern communication needs of today's employees and breaks down barriers between teams.