Item: Workday Financial Management
Rating: 7
Author: Verified User

Use Cases and Deployment Scope

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 and Cons

Punchouts
Business assets
Reporting

Integration with Channel Online and product sales
Use of DGW for configuration
Tax accounting

Return on Investment

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.

Key Insights

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

Other Software Used

Azure DevOps Server (formerly Team Foundation Server), OneDrive, Concur Travel and Expense

Usability

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.

Support Rating

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.

Likelihood to Recommend

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 Works!

Overall Satisfaction with Workday Financial Management/Revenue Management