Workday Financial Management vs. Zoho One

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 One
Score 9.3 out of 10
N/A
Zoho One is a suite product from Zoho Corporation, that combines their sales and marketing application, and also gives organizations a comprehensive set of tools to organize finances, track payables, and manage bills and expenses.
$45
per month per employee
Pricing
Workday Financial ManagementZoho One
Editions & Modules
No answers on this topic
All Employee Pricing
$444
per year per employee (Must purchase license for ALL employees)
Flexible User Pricing
$1080
per year Licenses for any no. of users
Offerings
Pricing Offerings
Workday Financial ManagementZoho One
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsMonth-to-month plans available.
More Pricing Information
Community Pulse
Workday Financial ManagementZoho One
Features
Workday Financial ManagementZoho One
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 One
9.5
4 Ratings
26% above category average
Pay calculation8.322 Ratings9.73 Ratings
Benefit plan administration8.019 Ratings9.24 Ratings
Direct deposit files8.019 Ratings9.73 Ratings
Customization
Comparison of Customization features of Product A and Product B
Workday Financial Management
8.1
19 Ratings
9% above category average
Zoho One
8.6
7 Ratings
15% above category average
API for custom integration8.516 Ratings8.67 Ratings
Plug-ins7.618 Ratings8.57 Ratings
Security
Comparison of Security features of Product A and Product B
Workday Financial Management
9.0
24 Ratings
8% above category average
Zoho One
9.1
9 Ratings
9% above category average
Single sign-on capability9.124 Ratings9.49 Ratings
Role-based user permissions8.822 Ratings8.99 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 One
8.5
9 Ratings
15% above category average
Dashboards7.826 Ratings8.59 Ratings
Standard reports8.023 Ratings8.59 Ratings
Custom reports7.921 Ratings8.69 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 One
7.6
6 Ratings
1% below category average
Accounts payable7.417 Ratings8.06 Ratings
Accounts receivable7.217 Ratings8.26 Ratings
Global Financial Support7.218 Ratings7.34 Ratings
Primary and Secondary Ledgers7.218 Ratings6.03 Ratings
Journals and Reconciliations7.515 Ratings7.54 Ratings
Configurable Accounting7.318 Ratings8.04 Ratings
Standardized Processes7.819 Ratings8.06 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 One
9.5
4 Ratings
18% above category average
Inventory tracking7.410 Ratings9.54 Ratings
Automatic reordering7.210 Ratings9.33 Ratings
Location management6.69 Ratings9.74 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 One
9.0
7 Ratings
14% above category average
Credit card processing6.810 Ratings9.34 Ratings
Pricing00 Ratings9.17 Ratings
Order entry00 Ratings9.26 Ratings
Cost of goods sold00 Ratings9.24 Ratings
Order Orchestration00 Ratings8.02 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
7.7
7 Ratings
3% above category average
Billing Management00 Ratings7.47 Ratings
Cash and Asset Management00 Ratings7.44 Ratings
Travel & Expense Management00 Ratings8.85 Ratings
Budgetary Control & Encumbrance Accounting00 Ratings8.25 Ratings
Period Close00 Ratings6.54 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
8.0
6 Ratings
13% above category average
Project Planning and Scheduling00 Ratings9.56 Ratings
Task Insight for Project Managers00 Ratings8.66 Ratings
Project Mobile Functionality00 Ratings6.25 Ratings
Definable Resource Pools00 Ratings7.54 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
9.5
2 Ratings
25% above category average
Award Lifecycle Management00 Ratings9.52 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
8.0
3 Ratings
13% above category average
Bids Analyzed and Compared00 Ratings9.03 Ratings
Contract Authoring00 Ratings7.52 Ratings
Contract Repository00 Ratings7.52 Ratings
Requisitions-to-Purchase Orders Integrated00 Ratings8.01 Ratings
Supplier Management00 Ratings8.33 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
9.1
4 Ratings
32% above category average
Risk Repository00 Ratings9.02 Ratings
Control Management00 Ratings9.33 Ratings
Control Efficiency Assessments00 Ratings8.03 Ratings
Issue Detection00 Ratings9.52 Ratings
Remediation and Certification00 Ratings9.52 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
8.4
2 Ratings
20% above category average
Transportation Planning and Optimization00 Ratings9.01 Ratings
Transportation Execution Management00 Ratings8.01 Ratings
Trade and Customs Management00 Ratings8.01 Ratings
Fulfillment Management00 Ratings9.02 Ratings
Warehouse Workforce Management00 Ratings8.01 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
8.4
1 Ratings
12% above category average
Production Process Design00 Ratings8.01 Ratings
Production Management00 Ratings8.01 Ratings
Configuration Management00 Ratings9.01 Ratings
Work Execution00 Ratings8.01 Ratings
Manufacturing Costs00 Ratings9.01 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
8.5
3 Ratings
17% above category average
Forecasting00 Ratings7.02 Ratings
Inventory Planning00 Ratings9.01 Ratings
Performance Monitoring00 Ratings9.52 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
8.5
1 Ratings
16% above category average
Proposal Management00 Ratings9.01 Ratings
Product Master Data Management00 Ratings8.01 Ratings
Best Alternatives
Workday Financial ManagementZoho One
Small Businesses
Zoho One
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Score 9.3 out of 10
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Score 8.9 out of 10
Medium-sized Companies
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Score 7.5 out of 10
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Score 7.5 out of 10
Enterprises
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Score 9.0 out of 10
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Score 9.0 out of 10
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User Ratings
Workday Financial ManagementZoho One
Likelihood to Recommend
8.4
(26 ratings)
9.4
(12 ratings)
Likelihood to Renew
9.0
(1 ratings)
-
(0 ratings)
Usability
9.1
(9 ratings)
9.0
(10 ratings)
Support Rating
10.0
(5 ratings)
5.5
(1 ratings)
User Testimonials
Workday Financial ManagementZoho One
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 One helps me to create and document each of my closures by creating deals. Zoho One helps me to generate reports, which helps me to track my contact. Zoho One helps me on creating tasks and reminds me to get it done on time. Zoho One keeps each steps and actions I took from lead to a deal.
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.
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Zoho
  • Customized dashboards
  • Easy to see the kpis for different aspects of my business
  • And offers a consolidation of CRM campaign and other applications without having to use other technologies from other companies so it's great to consulate consolidated
  • The analytics is great what else
  • Collaboration tools are excellent
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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
  • In my opinion, SUPPORT IS AWFUL!!!
  • If you want to get in touch with a support representative, your best bet is to call the sales number and demand to speak with an agent.
  • Each of the tools operates in a silo, from a support perspective. Some applications, like books, have chat-based support and others require an e-mail.
  • In my experience, expect any e-mail to the main support e-mail to go unanswered.
  • The first year of support was great, but after we renewed for the second year, it has become terrible.
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.
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Zoho
We've been a long time user and are always tweaking our automation to gain efficiencies while improving our service levels. It's pretty easy to come up with what you want to do and then do it yourself. Though, if you're looking to do some really tricked out automations, use of a Zoho Consultant would be a better idea as you'll get exactly what you need much quicker.
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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
Support is great as a customer, as a partner I get moved to that team more often and find issues in the support being provided. It also appears that the support agents do not take into account all the information provided and default back to the "step 1 of the playbook" instead of taking into account the business reason the support is being requested and understanding the steps already taken.
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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
There is nothing quite close to what Zoho offers with Zoho One in terms of breadth and depth of applications integrated together as a single product. Also, you get to manage a single license and user management on Zoho One, whereas you would need to work with multiple vendors and also simultaneously take care of billing and contract management with all of them. It is much easier with Zoho One
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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
  • It is hassle-free to access, which saves you a lot of time and manual effort to get the data accessible.
  • Lead status and follow-ups in one place- what you require is a paradise for the Sales team.
  • Reduces the work of HR a lot.
Read full review
ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis