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Workday Financial Management

Fresh approach to financial management

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Workday Financial Management Pricing, Features, Reviews and Alternatives

Workday Financial Management product overview

What is Workday Financial Management?

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.

Key benefits of using Workday Financial Management

  • 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.
  • Typical customers

    Freelancers
    Small businesses
    Mid size businesses
    Large enterprises

    Platforms supported

    Web
    Android
    iPhone/iPad

    Support options

    24/7 (Live rep)
    Knowledge Base
    Email/Help Desk

    Training options

    In Person
    Documentation
    Webinars
    Videos
    Live Online

    Workday Financial Management pricing information

    Value for money

    4.2

    /5

    55

    Price starts from

    No info

    Pricing options

    Free plan
    Subscription
    Free trial
    Pricing range

    Workday Financial Management features

    Functionality

    4.4

    /5

    55
    Total Features88 8 categories

    Most valued features by users

    Reporting & Statistics
    Compliance Management
    Reporting/Analytics
    Data Import/Export
    Billing & Invoicing
    Multi-Currency
    Customizable Reports
    Workflow Management

    Workday Financial Management users reviews

    Overall rating

    4.4

    /5

    55

    Positive reviews

    91%

    Write a review
    Rating breakdown
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend8.07/10
    Rating distribution

    5

    4

    3

    2

    1

    28

    22

    3

    1

    1

    Pros
    Overall experience with Workday Financial Management has been fantastic. Great capabilities that can integrate very well with other Workday modules.

    AP

    Alfonso P.

    I love how user friendly it is. You can find anything and everything with ease.

    KC

    Karla C.

    I think it will be a great benefit to our employees once we get everything set up as it should be.

    AR

    Anonymous Reviewer

    Cons
    Hard to learn at first- errors pop up at times.

    AR

    Anonymous Reviewer

    My overall experience with Workday is sometimes frustrating since I cannot get the reports I need to do my job.

    AR

    Anonymous Reviewer

    Employees will accept having to use Workday to manage their taxes, etc. I'm not aware of an alternative for large companies. It will, however, be a perpetual pain point for employees.

    AR

    Anonymous Reviewer

    Overall Rating

    Workday's Financial Solution

    Reviewed a year ago

    Transcript

    Nick C.: My name is Nick. I am an IT security specialist. I work in higher education and I give Workday...

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend9/10

    Share this review:

    Workday for Office Life

    Reviewed 2 years ago

    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.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend8/10

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    Workday Financials Review

    Reviewed 2 years ago

    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

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend4/10

    Share this review:

    Workday Review

    Reviewed 3 years ago

    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.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend7/10

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    User friendly interface

    Reviewed 3 years ago

    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.

    Overall Rating
    • Value for money
    • Ease of use
    • Features
    • Customer support
    • Likelihood to recommend10/10

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    Excellent, I can have all the analysis of my management in a single financial management system.

    Reviewed 4 years ago

    Allows me to register new levels of financial efficiency and business performance with Workday accounting software, I could quickly respond to anomalies as they happen with reports and in-memory accounting, I could manage all activity with configurable business processes. A great benefit is that I have accomplished to change proactively to internal and external changes without IT resources or costly customizations.

    Pros

    I like most is that it gives me the possibility of having all the analysis of my management in a single financial management system. I find it interesting that it helps me to lead strategic planning and find the best ways for the profitability of my new business.

    Cons

    I'm practically new using the tool, but I think it would be useful to include the possibility of including the initial data of the company and predict its productivity in the short term.

    Workday Financial Management FAQs and common questions

    Workday Financial Management has the following pricing plans:
    Pricing model: Subscription


    Workday Financial Management has the following typical customers:
    Large Enterprises, Mid Size Business, Non Profit, Public Administrations, Small Business


    Workday Financial Management supports the following languages:
    English


    Workday Financial Management supports the following devices:
    Android, iPhone, iPad


    No, Workday Financial Management does not have an API available.


    Workday Financial Management offers the following support options:
    24/7 (Live rep), Knowledge Base, Email/Help Desk

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