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Workday Financial Management vs. Workday Professional Services Automation

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Workday Financial Management

    Score8.5 out of 10
    N/AWorkday Financial Management is a cloud-based financial software platform built on an in-memory architecture and an object-oriented data model. The system unifies transaction processing, multidimensional reporting, and consolidation into a single environment accessible via web and mobile interfaces. Financial Operations and Automation The platform employs Artificial Intelligence (AI) models and specialized financial agents to manage core business cycles. These…N/A

    Workday Professional Services Automation

    Score8.2 out of 10
    N/AWorkday Professional Services Automation automates the Opportunity to Cash process, connecting HCM and ERP data to match the right talent to projects, reducing manual errors and revenue leakage.N/A
    Pricing
    Workday Financial ManagementWorkday Professional Services Automation
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Workday Financial ManagementWorkday Professional Services Automation
    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 Financial ManagementWorkday Professional Services Automation
    Considered Both Products
    Workday
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    96%
    Would buy again
    23 Answers
    96%
    Would buy again
    23 Answers
    Delivers good value for the price
    95%
    Delivers good value for the price
    21 Answers
    100%
    Delivers good value for the price
    16 Answers
    Happy with the feature set
    96%
    Happy with the feature set
    23 Answers
    100%
    Happy with the feature set
    24 Answers
    Lived up to sales and marketing promises
    95%
    Lived up to sales and marketing promises
    19 Answers
    100%
    Lived up to sales and marketing promises
    6 Answers
    Implementation went as expected
    89%
    Implementation went as expected
    17 Answers
    91%
    Implementation went as expected
    10 Answers
    Features
    Workday Financial ManagementWorkday Professional Services Automation
    Payroll Management
    Comparison of Payroll Management features of Workday Financial Management and Workday Professional Services Automation
    Feature
    Workday Financial Management
    8.1
    23 Ratings
    8% above category average
    Workday Professional Services Automation
    -
    Ratings
    Pay calculation8.323 Ratings00 Ratings
    Benefit plan administration8.020 Ratings00 Ratings
    Direct deposit files8.220 Ratings00 Ratings
    Customization
    Comparison of Customization features of Workday Financial Management and Workday Professional Services Automation
    Feature
    Workday Financial Management
    8.2
    20 Ratings
    9% above category average
    Workday Professional Services Automation
    -
    Ratings
    API for custom integration8.417 Ratings00 Ratings
    Plug-ins7.919 Ratings00 Ratings
    Security
    Comparison of Security features of Workday Financial Management and Workday Professional Services Automation
    Feature
    Workday Financial Management
    9.0
    25 Ratings
    7% above category average
    Workday Professional Services Automation
    -
    Ratings
    Single sign-on capability9.225 Ratings00 Ratings
    Role-based user permissions8.823 Ratings00 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Workday Financial Management and Workday Professional Services Automation
    Feature
    Workday Financial Management
    8.0
    27 Ratings
    6% above category average
    Workday Professional Services Automation
    -
    Ratings
    Dashboards8.227 Ratings00 Ratings
    Standard reports7.924 Ratings00 Ratings
    Custom reports8.122 Ratings00 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Workday Financial Management and Workday Professional Services Automation
    Feature
    Workday Financial Management
    7.7
    23 Ratings
    0% below category average
    Workday Professional Services Automation
    -
    Ratings
    Accounts payable7.618 Ratings00 Ratings
    Accounts receivable6.918 Ratings00 Ratings
    Global Financial Support7.519 Ratings00 Ratings
    Primary and Secondary Ledgers7.419 Ratings00 Ratings
    Journals and Reconciliations7.716 Ratings00 Ratings
    Configurable Accounting7.719 Ratings00 Ratings
    Standardized Processes7.920 Ratings00 Ratings
    Inventory Management
    Comparison of Inventory Management features of Workday Financial Management and Workday Professional Services Automation
    Feature
    Workday Financial Management
    7.2
    11 Ratings
    10% below category average
    Workday Professional Services Automation
    -
    Ratings
    Inventory tracking7.611 Ratings00 Ratings
    Automatic reordering7.311 Ratings00 Ratings
    Location management6.810 Ratings00 Ratings
    Order Management
    Comparison of Order Management features of Workday Financial Management and Workday Professional Services Automation
    Feature
    Workday Financial Management
    7.3
    11 Ratings
    8% below category average
    Workday Professional Services Automation
    -
    Ratings
    Credit card processing7.311 Ratings00 Ratings
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    User Ratings
    Workday Financial ManagementWorkday Professional Services Automation
    Likelihood to Recommend
    8.4
    (27 ratings)
    8.1
    (24 ratings)
    Likelihood to Renew
    9.0
    (1 ratings)
    -
    (0 ratings)
    Usability
    9.0
    (10 ratings)
    6.0
    (1 ratings)
    Support Rating
    10.0
    (5 ratings)
    5.0
    (1 ratings)
    User Testimonials
    Workday Financial ManagementWorkday Professional Services Automation
    Likelihood to Recommend
    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.
    Incentivized
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    Workday
    If you are a company with very little administrative or IT staff that can be dedicated to run, train, and launch - this is the perfect tool for you because it requires very little on the set up end and training. It looks like a social network so a platform many are already used to seeing. Its definitely a very powerful product with an easy interface, providing a stellar customer experience
    Incentivized
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    Pros
    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.
    Incentivized
    Read full review
    Workday
    • Very fast authentication
    • Page uploads are reliably compete with pre filled and carried forward data elements.
    • Easy to employees to navigate from one app to the other so they can be efficient in achieving success an ls completing imp tasks.
    • Screen organization and menu choices flow intuitively and the processing behind the scenes follows the logic users expect.
    Read full review
    Cons
    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
    Incentivized
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    Workday
    • Would like to be able to use it for clocking in and out
    • The dashboard user interface could be improved to include more pertinent information
    • Would be nice to hide features that we use other applications for (i.e. org chart, pay, expenses)
    Incentivized
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    Usability
    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.
    Incentivized
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    Workday
    As noted, good tools that allow faster development. Dev teams find it is easy to test things out and demo for business users
    Read full review
    Support Rating
    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.
    Incentivized
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    Workday
    With workday support options, I would like to see a more immediately responsive response option. Possibly a chat or a responsive email response team would be helpful.
    Incentivized
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    Alternatives Considered
    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.
    Incentivized
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    Workday
    I was not on the selection team for Workday Profession Services Automation; it was the HR system used by our parent company. However, I have had several opportunities to work with Workday in other HR roles, and have also worked extensively with Oracle products. Workday Professional Services Automation seems more dynamic than the Oracle Suite I've utilized in the past.
    Incentivized
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    Return on Investment
    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.
    Incentivized
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    Workday
    • 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.
    Incentivized
    Read full review
    ScreenShots

    Workday Financial Management Screenshots

    Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis

    Workday Professional Services Automation Screenshots

    Screenshot of Workday Professional Services Automation Create QuoteScreenshot of Workday Professional Services Automation CRM DashboardScreenshot of Workday Professional Services Automation Opportunity DashboardScreenshot of Workday Professional Services Automation Services Catalog