Workday Business Process Framework vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Workday Business Process Framework
Score 7.8 out of 10
N/A
Workday acquired ESB vendor Cape Clear in 2008 so as to offer integration as a service.N/A
Workday Financial Management
Score 8.2 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
Workday Business Process FrameworkWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Workday Business Process FrameworkWorkday 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
Workday Business Process FrameworkWorkday Financial Management
Top Pros
Top Cons
Features
Workday Business Process FrameworkWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Workday Business Process Framework
-
Ratings
Workday Financial Management
8.2
17 Ratings
13% above category average
Pay calculation00 Ratings8.317 Ratings
Benefit plan administration00 Ratings8.515 Ratings
Direct deposit files00 Ratings8.215 Ratings
Customization
Comparison of Customization features of Product A and Product B
Workday Business Process Framework
-
Ratings
Workday Financial Management
8.1
15 Ratings
11% above category average
API for custom integration00 Ratings8.113 Ratings
Plug-ins00 Ratings8.014 Ratings
Security
Comparison of Security features of Product A and Product B
Workday Business Process Framework
-
Ratings
Workday Financial Management
8.7
19 Ratings
7% above category average
Single sign-on capability00 Ratings8.619 Ratings
Role-based user permissions00 Ratings8.717 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Workday Business Process Framework
-
Ratings
Workday Financial Management
8.4
22 Ratings
19% above category average
Dashboards00 Ratings8.322 Ratings
Standard reports00 Ratings8.819 Ratings
Custom reports00 Ratings8.217 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Workday Business Process Framework
-
Ratings
Workday Financial Management
8.4
18 Ratings
10% above category average
Accounts payable00 Ratings8.914 Ratings
Accounts receivable00 Ratings9.014 Ratings
Global Financial Support00 Ratings8.315 Ratings
Primary and Secondary Ledgers00 Ratings8.615 Ratings
Journals and Reconciliations00 Ratings8.712 Ratings
Configurable Accounting00 Ratings8.215 Ratings
Standardized Processes00 Ratings8.815 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Workday Business Process Framework
-
Ratings
Workday Financial Management
8.5
8 Ratings
8% above category average
Inventory tracking00 Ratings8.98 Ratings
Automatic reordering00 Ratings8.48 Ratings
Location management00 Ratings8.37 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Workday Business Process Framework
-
Ratings
Workday Financial Management
9.0
9 Ratings
15% above category average
Credit card processing00 Ratings9.09 Ratings
Best Alternatives
Workday Business Process FrameworkWorkday Financial Management
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Score 8.7 out of 10
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Enterprises
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Score 8.2 out of 10
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SAP Business ByDesign
Score 7.5 out of 10
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User Ratings
Workday Business Process FrameworkWorkday Financial Management
Likelihood to Recommend
6.1
(3 ratings)
8.5
(22 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
-
(0 ratings)
9.4
(5 ratings)
Support Rating
7.4
(2 ratings)
9.6
(5 ratings)
User Testimonials
Workday Business Process FrameworkWorkday Financial Management
Likelihood to Recommend
Workday
Workday is great for HR processes. All my HR stakeholders love Workday. We tried to use Workday for the business processes of procurement and finance, but we found many issues to customize the processes to the way my company needs. Moreover, the consulting service to implement the processes is also very expansive.
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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
Workday
  • Ability to customize, add objects, delete objects for users or roles if defined.
  • Able to share report definitions across users.
  • Sharing amongst the Workday community and ability to suggest BP delivered reporting from Workday directly.
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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
Workday
  • Support hotline to call in for problems can be frustrating
  • Trying to log in outside of your employer network can be like jumping through too many hoops.
  • Forgotten passwords can be difficult to recover.
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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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Usability
Workday
No answers on this topic
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
Workday
Not only can we receive dedicated support from Workday, but the Workday user community is a powerful tool to troubleshoot BP errors, brainstorm, and to dive deeper on a topic of interest.
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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
Workday
Workday has more features that fit my company's needs.
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Workday
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 invoicing using Workday Financial Management and fraund detection is effective and even on distribution management this product is the master.
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Return on Investment
Workday
  • It's easy for employees to find answers on their own without having to speak with multiple departments.
  • It ensures that there usually are no errors made when punching in and out.
  • If there is a glitch with the system then it can cause a problem for an entire company which is something to consider.
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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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