Workday Financial Management vs. Zoho Finance Plus

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 Finance Plus
Score 8.0 out of 10
N/A
Zoho Finance Plus is an integrated accounting suite for small businesses, featuring invoice and AP / AR management, accounting, and billing management.
$249
per month
Pricing
Workday Financial ManagementZoho Finance Plus
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Workday Financial ManagementZoho Finance Plus
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsThe base plan includes up to 10 seats. Additional seats can be purchased for a fee. Buyers may also get a discount for annual billing.
More Pricing Information
Community Pulse
Workday Financial ManagementZoho Finance Plus
Features
Workday Financial ManagementZoho Finance Plus
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 Finance Plus
-
Ratings
Pay calculation8.322 Ratings00 Ratings
Benefit plan administration8.119 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 Finance Plus
-
Ratings
API for custom integration8.516 Ratings00 Ratings
Plug-ins7.718 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 Finance Plus
8.5
1 Ratings
3% above category average
Single sign-on capability9.024 Ratings8.01 Ratings
Role-based user permissions8.822 Ratings9.01 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 Finance Plus
-
Ratings
Dashboards7.926 Ratings00 Ratings
Standard reports8.123 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
0% above category average
Zoho Finance Plus
7.4
1 Ratings
3% below category average
Accounts payable7.617 Ratings6.01 Ratings
Accounts receivable7.317 Ratings7.01 Ratings
Global Financial Support7.318 Ratings8.01 Ratings
Primary and Secondary Ledgers7.318 Ratings7.01 Ratings
Journals and Reconciliations7.615 Ratings8.01 Ratings
Configurable Accounting7.418 Ratings8.01 Ratings
Standardized Processes8.019 Ratings7.01 Ratings
Cash management00 Ratings6.01 Ratings
Bank reconciliation00 Ratings8.01 Ratings
Expense management00 Ratings7.01 Ratings
Time tracking00 Ratings8.01 Ratings
Fixed asset management00 Ratings6.01 Ratings
Multi-currency support00 Ratings8.01 Ratings
Multi-division support00 Ratings8.01 Ratings
Regulations compliance00 Ratings7.01 Ratings
Electronic tax filing00 Ratings8.01 Ratings
Self-service portal00 Ratings7.01 Ratings
Intercompany Accounting00 Ratings7.01 Ratings
Localizations00 Ratings8.01 Ratings
Enterprise Accounting00 Ratings9.01 Ratings
Centralized Rules Framework00 Ratings8.01 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Workday Financial Management
7.2
10 Ratings
10% below category average
Zoho Finance Plus
8.0
1 Ratings
6% above category average
Inventory tracking7.510 Ratings8.01 Ratings
Automatic reordering7.310 Ratings8.01 Ratings
Location management6.89 Ratings9.01 Ratings
Manufacturing module00 Ratings7.01 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Workday Financial Management
7.0
10 Ratings
11% below category average
Zoho Finance Plus
-
Ratings
Credit card processing7.010 Ratings00 Ratings
Best Alternatives
Workday Financial ManagementZoho Finance Plus
Small Businesses
Zoho One
Zoho One
Score 9.4 out of 10
QuickBooks Self-Employed (discontinued)
QuickBooks Self-Employed (discontinued)
Score 7.3 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 8.9 out of 10
Zoho Books
Zoho Books
Score 9.1 out of 10
Enterprises
24SevenOffice
24SevenOffice
Score 9.0 out of 10
SAP S/4HANA Cloud
SAP S/4HANA Cloud
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Workday Financial ManagementZoho Finance Plus
Likelihood to Recommend
8.5
(26 ratings)
8.0
(1 ratings)
Likelihood to Renew
9.0
(1 ratings)
-
(0 ratings)
Usability
9.1
(9 ratings)
8.0
(1 ratings)
Support Rating
10.0
(5 ratings)
8.0
(1 ratings)
User Testimonials
Workday Financial ManagementZoho Finance Plus
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.
Read full review
Zoho
It is very well suited to track the expenses which employees use in an organization and if any employees are using business accounts. It has multiple integrations with other applications and we can customize it as per our needs.
Read full review
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.
Read full review
Zoho
  • Expense Management
  • Report Tracking
  • Integration with other application
  • Customization
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
Read full review
Zoho
  • Customer Support
  • Mobile Platform Optimization
  • Minimal GUI
Read full review
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.
Read full review
Zoho
We have been efficiently using this product for 2 years, so the overall experience of using the product is fairly easy and straightforward
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.
Read full review
Zoho
I have been a user of Zoho Financial Plus for more than a year and it's been a very efficient and sophisticated tool for managing the expenses in our organization.
Read full review
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.
Read full review
Zoho
No answers on this topic
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.
Read full review
Zoho
  • Zoho Ecosystems
  • Finance Audits
  • Financial Account Management
Read full review
ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis