World class product, backed up by world class support
March 10, 2022

World class product, backed up by world class support

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

Overall Satisfaction with Workday Financial Management/Revenue Management

My primary involvement centered around formulating and implementing budget strategies, to include reporting and forecasting revisions. some of the main issues we have had to deal with recently was variability in our forecast due to Covid, as contrasted to normal ongoing variability. Historical comparisons and KPIs allowed us to highlight specific areas that needed additional attention.
  • Highly flexible
  • Simple user interface
  • Multitude of ways to access/update the system
  • Handling Day" data vs "month" data
  • Speed of Updates
  • better documentation/more examples
  • easier long term forecasts
  • more immediate reporting against budget/forecast
  • buyin throughout senior management
The costs to implement Hyperion were astronomical comparted to Workday. Furthermore, the implementation timeline was probably a third of what we would have been looking at had we gone with Hyperion. Simply put, we got somewhere in the neighborhood of 90% of what we needed for 10-20% of the cost.

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 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.
There has not been an issue they have been unable to work thru with us.
Our primary model for budgeting revenue is centered on patient counts. Missed assumptions early in the year result in massive ramifications over the balance of the year. Workday formulas allowed us to write formulas to project the recovery of such shortfalls over a variable length of time, resulting in realistic projections for overcoming said shortfalls.

Workday Financial Management Feature Ratings

Global Financial Support
9
Primary and Secondary Ledgers
10
Journals and Reconciliations
Not Rated
Configurable Accounting
10
Standardized Processes
10
Dashboards
8
Standard reports
7
Custom reports
9
Plug-ins
10
Role-based user permissions
10
Single sign-on capability
10
Not Rated