Workday Financial Management vs. Zoho Expense

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
Zoho Expense
Score 8.3 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.N/A
Pricing
Workday Financial ManagementZoho Expense
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Workday Financial ManagementZoho Expense
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
Features
Workday Financial ManagementZoho Expense
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Workday Financial Management
8.3
18 Ratings
14% above category average
Zoho Expense
-
Ratings
Pay calculation8.418 Ratings00 Ratings
Benefit plan administration8.716 Ratings00 Ratings
Direct deposit files8.316 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Workday Financial Management
8.3
16 Ratings
13% above category average
Zoho Expense
-
Ratings
API for custom integration8.314 Ratings00 Ratings
Plug-ins8.215 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
Workday Financial Management
8.8
20 Ratings
8% above category average
Zoho Expense
-
Ratings
Single sign-on capability8.720 Ratings00 Ratings
Role-based user permissions8.818 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Workday Financial Management
8.5
23 Ratings
20% above category average
Zoho Expense
-
Ratings
Dashboards8.423 Ratings00 Ratings
Standard reports8.820 Ratings00 Ratings
Custom reports8.418 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Workday Financial Management
8.5
19 Ratings
11% above category average
Zoho Expense
-
Ratings
Accounts payable9.015 Ratings00 Ratings
Accounts receivable9.115 Ratings00 Ratings
Global Financial Support8.516 Ratings00 Ratings
Primary and Secondary Ledgers8.716 Ratings00 Ratings
Journals and Reconciliations8.813 Ratings00 Ratings
Configurable Accounting8.316 Ratings00 Ratings
Standardized Processes8.916 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Workday Financial Management
8.7
9 Ratings
10% above category average
Zoho Expense
-
Ratings
Inventory tracking9.09 Ratings00 Ratings
Automatic reordering8.69 Ratings00 Ratings
Location management8.68 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Workday Financial Management
9.1
10 Ratings
16% above category average
Zoho Expense
-
Ratings
Credit card processing9.110 Ratings00 Ratings
Expense Management
Comparison of Expense Management features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho Expense
6.3
2 Ratings
24% below category average
Employee Expense Reporting00 Ratings8.52 Ratings
Corporate Card Reconciliation00 Ratings4.02 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho Expense
7.7
2 Ratings
4% below category average
Customizable Approval Policies00 Ratings7.52 Ratings
Financial Document Management00 Ratings8.01 Ratings
Payment Status Tracking00 Ratings7.52 Ratings
Payment Audit Trail00 Ratings8.01 Ratings
Duplicate Bill Detection00 Ratings6.02 Ratings
Advanced OCR00 Ratings9.01 Ratings
Electronic Funds Transfer00 Ratings8.02 Ratings
Best Alternatives
Workday Financial ManagementZoho Expense
Small Businesses
Acumatica
Acumatica
Score 8.8 out of 10
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 7.2 out of 10
BILL Spend & Expense
BILL Spend & Expense
Score 8.9 out of 10
Enterprises
SAP Business ByDesign
SAP Business ByDesign
Score 7.4 out of 10
Webexpenses
Webexpenses
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Workday Financial ManagementZoho Expense
Likelihood to Recommend
8.6
(23 ratings)
7.6
(6 ratings)
Likelihood to Renew
9.0
(1 ratings)
-
(0 ratings)
Usability
9.5
(5 ratings)
10.0
(2 ratings)
Support Rating
9.6
(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
Zoho Expense is wonderful when you have a distributed or remote team or workforce that needs to submit expenses reports throughout the month into a single software and approval system. Zoho Expense does make it easy to train, onboard, and use all of the end-user features for submitting and generating expense reports.
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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
Probably the easiest Zoho Application to setup, which is to say quite easy. No user has complained about it being difficult. Admin staff like it as well.
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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
I've used Concur in the past for managing and submitting expenses. When comparing what I know about Zoho to Concur, Zoho seems to be a more simplified tool focused on simply managing expenses, inputting, tracking, submitting and getting reimbursed. Based on what I know, Zoho gets the job done with no frills.
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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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