Workday Financial Management vs. Zoho Expense

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Workday Financial Management
Score 8.2 out of 10
N/A
Workday Financial Management is a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…N/A
Zoho Expense
Score 9.0 out of 10
N/A
Zoho Expense is online expense reporting software, tailor-made for businesses worldwide to automate expense report creation, streamline approvals and make swift reimbursements.
$5
per month per user
Pricing
Workday Financial ManagementZoho Expense
Editions & Modules
No answers on this topic
Free
$0
Standard Plan
$5
per month per user
Premium Plan
$9
per month per user
Custom
Get a Quote
per month per user
Custom
Get a Quote
per month per user
Custom
Get a Quote
per month per user
Offerings
Pricing Offerings
Workday Financial ManagementZoho Expense
Free Trial
NoYes
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeOptional
Additional Details20% discount for annual pricing.
More Pricing Information
Community Pulse
Workday Financial ManagementZoho Expense
Features
Workday Financial ManagementZoho Expense
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Workday Financial Management
8.1
22 Ratings
10% above category average
Zoho Expense
-
Ratings
Pay calculation8.322 Ratings00 Ratings
Benefit plan administration8.019 Ratings00 Ratings
Direct deposit files8.019 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Workday Financial Management
8.1
19 Ratings
9% above category average
Zoho Expense
-
Ratings
API for custom integration8.516 Ratings00 Ratings
Plug-ins7.618 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
Workday Financial Management
8.9
24 Ratings
7% above category average
Zoho Expense
-
Ratings
Single sign-on capability9.124 Ratings00 Ratings
Role-based user permissions8.822 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Workday Financial Management
7.9
26 Ratings
8% above category average
Zoho Expense
-
Ratings
Dashboards7.826 Ratings00 Ratings
Standard reports8.023 Ratings00 Ratings
Custom reports7.921 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Workday Financial Management
7.7
22 Ratings
1% above category average
Zoho Expense
-
Ratings
Accounts payable7.517 Ratings00 Ratings
Accounts receivable7.217 Ratings00 Ratings
Global Financial Support7.218 Ratings00 Ratings
Primary and Secondary Ledgers7.218 Ratings00 Ratings
Journals and Reconciliations7.515 Ratings00 Ratings
Configurable Accounting7.318 Ratings00 Ratings
Standardized Processes7.919 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Workday Financial Management
7.1
10 Ratings
11% below category average
Zoho Expense
-
Ratings
Inventory tracking7.410 Ratings00 Ratings
Automatic reordering7.210 Ratings00 Ratings
Location management6.79 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Workday Financial Management
6.8
10 Ratings
14% below category average
Zoho Expense
-
Ratings
Credit card processing6.810 Ratings00 Ratings
Expense Management
Comparison of Expense Management features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho Expense
7.6
3 Ratings
8% below category average
Employee Expense Reporting00 Ratings8.13 Ratings
Corporate Card Reconciliation00 Ratings7.13 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho Expense
7.2
3 Ratings
10% below category average
Customizable Approval Policies00 Ratings7.93 Ratings
Financial Document Management00 Ratings8.02 Ratings
Payment Status Tracking00 Ratings7.93 Ratings
Payment Audit Trail00 Ratings8.02 Ratings
Duplicate Bill Detection00 Ratings7.53 Ratings
Advanced OCR00 Ratings5.52 Ratings
Electronic Funds Transfer00 Ratings5.73 Ratings
Best Alternatives
Workday Financial ManagementZoho Expense
Small Businesses
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Score 9.3 out of 10
Dext
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Score 9.6 out of 10
Medium-sized Companies
Infor VISUAL
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Score 7.5 out of 10
Precoro
Precoro
Score 9.4 out of 10
Enterprises
24SevenOffice
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Score 9.0 out of 10
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Score 7.9 out of 10
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User Ratings
Workday Financial ManagementZoho Expense
Likelihood to Recommend
8.4
(26 ratings)
7.9
(7 ratings)
Likelihood to Renew
9.0
(1 ratings)
-
(0 ratings)
Usability
9.1
(9 ratings)
8.0
(3 ratings)
Support Rating
10.0
(5 ratings)
10.0
(3 ratings)
User Testimonials
Workday Financial ManagementZoho Expense
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.
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Zoho
easy of use for the end users as well as to manage. The option to add new categories (expenses) and have the end users use them immediately is wonderful. The ease of creating a new user as well as customer support has been great. The customer support while having issues has been quick to resolve any issues
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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.
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Zoho
  • The program will notify users if they have entered a duplicate charge.
  • Once the end-users understood that receipts were mandatory, attaching those receipts has become second-nature. The app makes it very easy to do so.
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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
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Zoho
  • Could have more default options. Instead of making my users select payment method, allow us to default it to one of the options.
  • More room for customization by department. My service department needs different categories of expenses then my sales department.
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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.
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Zoho
Ease of use for the simple basic options. I wish the there was an option for reimbursement to be marked separately. Example for all corporate credit expense reports with $0 reimbursements still have to be marked as reimbursed in order to be removed from pending reimbursement section. For the cost the features offer benefits
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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.
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Zoho
The only reason I give Zoho a 9 is because of the issue with the Chart of Accounts skewing every time I export/import. I believe this is due to the fact that I use sub-accounts and Zoho cannot differentiate. Still hoping. :)
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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.
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Zoho
We selected (switched) to Zoho Expense because it had similar features at a lower price and we were able to receive a discount through our partner relationship with another software company. We have considered moving from Zoho Expense to something else recently due to continued issues with being able to accurately import credit card charges and organize them correctly be team member. Creating some confusion among users.
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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.
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Zoho
  • We have had some issues with the credit card reconciliation process which has made our monthly accounting / close process. This has been a negative
  • Positive ROI is that team members spend less time on expense reports due to the ease of reporting
  • Positive ROI is that substantial training and onboarding is not needed due to the features and simplicity.
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ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis