Workday Financial Pricing, Features, Reviews & Comparison of Alternatives

Workday Financial

Fresh approach to financial management

4.33/5 (42 reviews)

Workday Financial overview

What is Workday Financial?

The Workday Financial Management covers essential business areas such as procurement, asset management, CRM, revenue management, business reports, spend and sales analytics, bank reconciliation, project and task management as well as general business management processes. The Workday Financial Management application is web based and mobile friendly - enabling you to view your Workday Financial Management software in full transparency whilst on the go or out of office.

Workday Financial Management comes in an array of different scalable packages with different levels of online and offline support.
www.workday.com

Pricing

Pricing options
Subscription
Free trial
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada

Supported languages

English
Workday Financial screenshot: Workday Financial Management - Net IncomeFinancial Management Built from the Cloud UpWorkday Financial screenshot: Workday Financial Management - ChartWorkday Financial screenshot: Workday Financial Management - RevenueWorkday Financial screenshot: Workday Financial Management - ReportWorkday Financial screenshot: Workday Financial Management - PotentialWorkday Financial screenshot: Workday Financial Management - Business AssetWorkday Financial screenshot: Workday Financial Management - MobileWorkday Financial screenshot: Workday Financial Management - BusinessWorkday Financial screenshot: Workday Financial Management - AssetsWorkday Financial screenshot: Workday Financial Management - Expense managementWorkday Financial screenshot: Workday Financial Management - Transfer

Workday Financial user reviews

Value for money
Features
Ease of use
Customer support
  4.3
  4.4
  4.0
  4.5
Anonymous

Workday for Office Life

Used daily for 1-2 years
Reviewed 2020-04-09
Review Source: Capterra

We love workday. It is so simple and really streamlines the work process between employees and employers.

Pros
I enjoy that all of our employees use workday and it makes it very simple to approve their time, as opposed to having to check time cards or check into another account. You can do everything from Workday, enter your time, ask for time off, track employees time, send employee messages, check your pay stubs, see your benefits, and lots more.

Cons
I don' think there are really any cons! It is very simple to use, and is easy to access from a phone as well.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 9/10

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Anonymous

Workday Financials Review

Used daily for 2+ years
Reviewed 2019-12-06
Review Source: Capterra

Pretty good, however the points addressed as dislikes should be addressed as it would make workday more robust

Pros
What I like is the reporting options available in the financials model. It allows us to reconcile grant spending within the award management team along with the depts as all data points are in Workday. Users with the report Writer role are able to construct their own reports and schedule output for specific users as needed. Everything from award creation to sponsor billing can be done from one system.

Cons
There are constraints regarding billing for sponsors on grants for expenses posting outside of award line dates if the company is using a different system for timekeeping. There are also no award or grant compliance checks in workday leaving compliance auditing at risk

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Rachel Swanson

Workday Review

Used daily for 2+ years
Reviewed 2018-10-29
Review Source: Capterra

I use workday to keep track of all my important company information. Overall I would say it's a good platform, but it needs some updating to make it more user friendly. Epically the time and absence widgets. I'm not a huge fan of how this program functions.

Pros
I like being able to access my personal information, my performance, my time, my benefits, etc. all in one location.

Cons
I don't like how difficult it is to track my time. We have a lock out every week and it is difficult to keep track of the hours I work. I usually have to write them down on a sticky note and transfer them back in once the lock out is over. Very inconvenient. I also don't like how I have to go to a different screen to include my absences like PTO or Maternity leave. It's been somewhat of a mess trying to keep track of al my hours and benefits.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 4/10

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Anonymous

User friendly interface

Used daily for 1-2 years
Reviewed 2018-08-15
Review Source: Capterra

Workday Financials gave us much needed reporting capabilities that we weren't getting from other software. The fact that it integrates with our HRM system makes it easier to drill into certain data sets. Adding attachments to invoices and journal entries has essentially turned us into a paperless office.

Pros
Workday Financials is user friendly and has some great reporting capabilities. The interface looks fresh and it's easy to navigate. Each new release adds additional utility. The Workday Community is a great tool to post ideas and get real world advice from other companies experiencing the same issues.

Cons
Workday runs slow sometimes, especially on days when we're loading payroll and there's a lot of data going through the system. Sometimes Workday gives cryptic and seemingly random error messages.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 7/10

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Walker Erskine

Most Intuitive Yet

Used daily for 1-2 years
Reviewed 2019-12-30
Review Source: Capterra

Workday has been the most enjoyable experience in my career. Nobody likes to fiddle around with software that looks outdated and glitchy when they’re dealing with their paycheck.

Pros
This has been the most intuitive software for entering payroll information and altering personal information for payroll as well. We’ve never had an issue with Workday and plan on using it forever!

Cons
The only difficult thing to figure out is how many hours you have for the week. Sometimes when you have holiday hours or vacation hours it’s hard to tell how many hours you actually have for the week without submitting it.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Workday Financial pricing

Pricing options
Subscription
Free trial
View Pricing Plans

Contact Workday for detailed pricing information.

Workday Financial features

Accounting Management
Audit Trail
Billing & Invoicing
Customizable Reporting
Financial Analysis
Invoice Management
Invoice Processing
Real Time Data
Reporting & Statistics
Workflow Management

API (306 other apps)
Accounting Integration (180 other apps)
Activity Dashboard (262 other apps)
Automatic Notifications (181 other apps)
Compliance Management (214 other apps)
Data Import/Export (204 other apps)
Electronic Payments (188 other apps)
Expense Tracking (171 other apps)
Multi-Currency (179 other apps)
Third Party Integration (242 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Videos and tutorials

Additional information for Workday Financial

Key features of Workday Financial

  • Revenue management
  • Business assets
  • Procurement
  • Grants management
  • Revenue recognition
  • Purchase orders
  • Invoicing
  • Real time spend analytics
  • Accounting and finance
  • Management reporting
  • Expenses
  • Mobile friendly
  • Project management
  • Online support
  • Custom reports
  • Automatically reconcile bank statements
  • Manage your asset roster
  • Monitor processes and workflows
  • Centralized business management
  • Inventory
  • Real-time business insights
  • Financial reports
  • Attach comments
  • Key metrics
  • Status indicators
  • Multientity, multibook, and multicurrency
  • Country-specific configurations
  • Language translations
  • Security and support compliance
  • Track and manage bank accounts
  • Asset lifecycle management
  • Workflow management
  • Full audit reports
  • Security access policies
View All Features

Benefits

Revenue management and business assets - Workday Financial Management can manage your entire financial portfolio from the dashboard, giving you complete transparency over your financial success and revenue streams. Workday Financial Management also acts as an inventory management and business assets platform - allowing you to control expenditure and inventory.

Invoicing and Real time spend analytics - Workday Financial Management obtains reports on your businesses invoices (paid and pending) so you can view renewal rates and new sales development. The Workday Financial Management spend analytics provides real-time sales metrics into spending patterns and trends within your consumer segments.

Mobile friendly and Custom reports - The entire Workday Financial Management platform is optimized for mobile devices allowing you the freedom to produce reports and findings whilst on the go. The custom reports enable you to create your own dashboards to display what is most relevant to you.