A single solution for your finance management but little confusing
March 20, 2024

A single solution for your finance management but little confusing

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Workday Financial Management

Firstly, we love the UI so far. We have been using Workday for the last two years, and we mainly use it for our finance and accounting needs, as most of our processes are automated, we have to give our team a way to see all the reports in one place. Since Workday Financial Management has built-in integrations, we can able to see all our transactions in one place, and it helps us a lot for auditing purposes. And another important feature is time management, which helps us track our employees' working time/hours. And we can easily set up payroll for our employees, and keep their info in one place.
  • Built-in integrations to track payments
  • Manage and Track Revenue and Performance
  • Track Expences and Easy reporting
  • Invoices and Employees payroll
  • The UI is complex for new users, and employees
  • Workday is highly customizable, but it will takes time to understand the platform, it could be made easier
  • Pricing is little expensive for small businesses
  • It helped us to automate the processes, and save at least 10 hours a week
  • Easy Payroll and Employee Management (we didn't had this previously)
  • Some of our employees struggled to learn about the platform, and it has taken some time
  • Since it has most features we need, it helped us to save some money spending on other finance tools

Do you think Workday Financial Management delivers good value for the price?

Yes

Are you happy with Workday Financial Management's feature set?

Yes

Did Workday Financial Management live up to sales and marketing promises?

Yes

Did implementation of Workday Financial Management go as expected?

Yes

Would you buy Workday Financial Management again?

Yes

Our main use case is to manage and track our expenses and revenue, which has worked well for us so far. It is easy to integrate with our CRM, and other financial tools we use in our company, so we can get all those data together for accounting needs. But, if we are looking for more affordable solutions, or a simple tool, Workday will not work for us.

Workday Financial Management Feature Ratings

Accounts payable
8
Accounts receivable
10
Global Financial Support
8
Primary and Secondary Ledgers
7
Configurable Accounting
8
Standardized Processes
8
Inventory tracking
8
Automatic reordering
8
Pay calculation
10
Benefit plan administration
8
Direct deposit files
8
Dashboards
9
Standard reports
10
Custom reports
6
API for custom integration
9
Plug-ins
8
Role-based user permissions
9
Single sign-on capability
7
Not Rated