24 Ratings
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Score 8.9 out of 101
3 Ratings
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Score 9 out of 101

Likelihood to Recommend

Workday Financial Management

Workday is a very innovative platform that offers plenty of options and resources to its users in their daily lives. I have used Workday in three of the organizations I have worked in the past for. I am also a current user of Workday through my employer. Workday is best suitable for any retail or customer-facing environments. More and more companies are using Workday to even have strong candidates apply for a job. This helps them navigate their way through a platform that they will be using in the near future.
Zahra Najib profile photo

Workday Professional Services Automation

Workday is perfect for medium to large enterprise businesses looking to manage their human elements. It offers advanced reporting and automation for users at the admin level. It also gives users at the employee-level strong self-serve resources. Workday would be less suited to small businesses looking to manage their employee resources.
No photo available

Feature Rating Comparison

Payroll Management

Workday Financial Management
8.5
Workday Professional Services Automation
Pay calculation
Workday Financial Management
8.5
Workday Professional Services Automation
Benefit plan administration
Workday Financial Management
8.5
Workday Professional Services Automation
Direct deposit files
Workday Financial Management
8.5
Workday Professional Services Automation
Salary revision and increment management
Workday Financial Management
8.5
Workday Professional Services Automation
Reimbursement management
Workday Financial Management
8.5
Workday Professional Services Automation

Customization

Workday Financial Management
8.0
Workday Professional Services Automation
API for custom integration
Workday Financial Management
8.0
Workday Professional Services Automation
Plug-ins
Workday Financial Management
8.0
Workday Professional Services Automation

Security

Workday Financial Management
9.5
Workday Professional Services Automation
Single sign-on capability
Workday Financial Management
9.5
Workday Professional Services Automation
Role-based user permissions
Workday Financial Management
9.5
Workday Professional Services Automation

Reporting & Analytics

Workday Financial Management
8.7
Workday Professional Services Automation
Dashboards
Workday Financial Management
8.5
Workday Professional Services Automation
Standard reports
Workday Financial Management
9.0
Workday Professional Services Automation
Custom reports
Workday Financial Management
8.5
Workday Professional Services Automation

General Ledger and Configurable Accounting

Workday Financial Management
8.6
Workday Professional Services Automation
Accounts payable
Workday Financial Management
9.0
Workday Professional Services Automation
Accounts receivable
Workday Financial Management
9.0
Workday Professional Services Automation
Expense management
Workday Financial Management
8.0
Workday Professional Services Automation
Global Financial Support
Workday Financial Management
8.0
Workday Professional Services Automation
Primary and Secondary Ledgers
Workday Financial Management
8.0
Workday Professional Services Automation
Intercompany Accounting
Workday Financial Management
8.0
Workday Professional Services Automation
Localizations
Workday Financial Management
8.0
Workday Professional Services Automation
Journals and Reconciliations
Workday Financial Management
9.0
Workday Professional Services Automation
Configurable Accounting
Workday Financial Management
9.0
Workday Professional Services Automation
Centralized Rules Framework
Workday Financial Management
9.0
Workday Professional Services Automation
Standardized Processes
Workday Financial Management
9.0
Workday Professional Services Automation

Order Management

Workday Financial Management
10.0
Workday Professional Services Automation
Credit card processing
Workday Financial Management
10.0
Workday Professional Services Automation

Pros

Workday Financial Management

  • Workday is very organized and user friendly. I haven't heard this from any of my co workers that they faced a hard time navigating around or getting technical support.
  • The platform offers variety of options for the company to offer to their employees. This includes easy access to their time off balance, hours they have worked, and accessing pay stubs any time.
  • One of the biggest thing I notice on a lot of technical platforms is that they don't notify their users of any updates they may be making on their website but workday does a great job of notifying its user way ahead of time of any updates they may be doing
Zahra Najib profile photo

Workday Professional Services Automation

  • Consolidated data resource. Allows Workday to be the authority for pay and benefits.
  • Advanced automation for administrators.
  • Self-serve for employees. Allows users to self manage their information.
No photo available

Cons

Workday Financial Management

  • We were surprised by the lack of user guides and supporting information for day-to-day users. Granted, we could find this, but our users like guides.
  • The system could improve with contact help and chat functions if you need the answers quickly. We figured this would all have been built in.
  • Quite surprised by the lack of treasury management functionality. SAP and Oracle have it, although their modules are not that comprehensive or user friendly.
No photo available

Workday Professional Services Automation

  • At times the user interface feels clunky and slow.
  • Organization of the web application feels unintuitive. Can often be hard to find what you're looking for.
  • Honestly, not much else! It's a solid platform.
No photo available

Alternatives Considered

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 this was met - it would have taken much longer to implement Workday's competitor systems and we did not have that flexibility. Adding new functionality was relatively painless.
No photo available

Workday Professional Services Automation

No answers on this topic

Return on Investment

Workday Financial Management

  • As a new starup affiliate five years ago, we did not have a huge budget. The ROI was met relatively quickly, no surprises here.
  • With minimal consulting assistance, this made the implementation cost reasonable, if any software implementation could be considered reasonable.
  • It was a risk to implement Workday Financial Management in one country but we did leverage it with HCM in the states.
No photo available

Workday Professional Services Automation

  • While I don't use the program at a high-level I can see the time-saving effectiveness for administrators.
  • By giving a self-serve interface I feel in control of my pay/benefit management.
  • Less time spent on HR administration frees up bandwidth for helping colleagues.
No photo available

Pricing Details

Workday Financial Management

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Workday Professional Services Automation

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

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