Workday Works!
March 11, 2022

Workday Works!

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Workday Financial Management/Revenue Management

My company is in the midst of a Workday Financial Management/Revenue Management and HCM implementation for employees along with HCM and for customers and suppliers for procurement.

Pros

  • Punchouts
  • Business assets
  • Reporting

Cons

  • Integration with Channel Online and product sales
  • Use of DGW for configuration
  • Tax accounting
  • Workday has streamlined several processes
  • Workday has eliminated a number of systems
  • Workday has increased efficiency
We went from PeopleSoft to Workday because of the efficiency and ease of use. There were a lot of limitations in PeopleSoft, just in simple things like character limits on fields that did not allow us to be as detailed. Workday Financial Management/Revenue Management has very few limitations and is very intuitive.

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

Workday Financial Management/Revenue Management does have a slight learning curve but is mostly intuitive and easy to pick up by novice users after a few uses.
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.
Workday can be configured to do almost anything that is needed for a client. However, it has been difficult for us to integrate Channel Online into Workday Financial Management/Revenue Management because of all of the exceptions that come along with using Channel Online. For example, having a PO in Channel Online trigger the creation of an invoice in Workday even though the product on the PO may not have shipped yet or if the product is cancelled the invoice has already been generated in Workday Financial Management/Revenue Management.

Workday Financial Management Feature Ratings

8.4
Accounts payable
8
Accounts receivable
8
Global Financial Support
8
Primary and Secondary Ledgers
9
Journals and Reconciliations
9
Configurable Accounting
9
Standardized Processes
8
Subledger and Financial Process ()
Not Rated
Not Rated
Inventory tracking
Not Rated
Automatic reordering
Not Rated
Location management
Not Rated
9.0
Credit card processing
9
8.7
Pay calculation
9
Benefit plan administration
8
Direct deposit files
9
9.3
Dashboards
9
Standard reports
10
Custom reports
9
8.5
API for custom integration
9
Plug-ins
8
9.5
Role-based user permissions
9
Single sign-on capability
10
Grants Management ()
Not Rated
Project Financial Management ()
Not Rated
Project Execution Management ()
Not Rated
Procurement ()
Not Rated
Risk Management ()
Not Rated
Logistics ()
Not Rated
Manufacturing ()
Not Rated
Supply Chain ()
Not Rated
Product Lifecycle Management ()
Not Rated

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