Workday Financial Pricing, Features, Reviews & Comparison of Alternatives

Workday Financial

Fresh approach to financial management

4.31/5 (32 reviews)

Workday Financial overview

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
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 - Business AssetFinancial Management Built from the Cloud UpWorkday 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 - TransferWorkday Financial screenshot: Workday Financial Management - Net IncomeWorkday Financial screenshot: Workday Financial Management - ChartWorkday Financial screenshot: Workday Financial Management - RevenueWorkday Financial screenshot: Workday Financial Management - ReportWorkday Financial screenshot: Workday Financial Management - Potential

Workday Financial reviews

Value for money
Features
Ease of use
Customer support
  4.2
  4.3
  4.0
  4.4
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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Kelli Tippet

Workaround

Used daily for 1-2 years
Reviewed 2016-11-03
Review Source: Capterra

When we initially started using this product it was very cumbersome. It improved some of our old processes but then seemed to make other worse. It has either gotten better or we have just gotten use to it. We have also had some issues with invoices getting lost in the system and had to recreate them in order to get them to process. They recently changed the requisition creation and it is not clear what the end user needs to do once they enter a line item. Overall I like the product but I feel it could still be improved. We just started using the HR function this week and so far I like what I see.

Pros
The reporting capabilities and the ability to drill down in functions to get to the info you need.

Cons
Not always user friendly. The error notes are not very helpful in pointing you to the specific line that has an issue.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 7/10

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Minela Karagic

Best system for the workplace

Used daily for 2+ years
Reviewed 2018-12-04
Review Source: Capterra

I keep a track of everything work related on workday. It is my starting and end point

Pros
Workday is all encompassing. From accessing my pay slips to tracking my career and goal development to managing my time, it takes care of everything in one Swift go. Incredibly user friendly

Cons
There are no cons that I have encountered

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Gaurav Paras Shukla

Awesome tool to manage finance in-house

Used daily for 2+ years
Reviewed 2017-05-09
Review Source: Capterra

Pros
User-friendly, easy access, secure to end user It's easy to provide weekly, monthly and yearly view for Planning

Cons
Sometimes slow to access Customize reports needs to enhance. Projection reports needs to add for analyzing future trend

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Vanessa Marroquin

It is a little bit difficult to use at the beginning.

Used daily for 1-2 years
Reviewed 2018-02-08
Review Source: Capterra

Pros
It has a very simple interface. Reports and features can get customized by ITS on demand. There is an app you can use on your phone with all the working features.

Cons
It contains no tools for project management other than the accounting of available budget, obligations and actuals. Some terms do not reflect the correct accounting, finance, and projext management industries.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Workday Financial pricing

Pricing options
Free trial
Subscription
View Pricing Plans

Contact Workday for detailed pricing information.

Workday Financial features

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

API (214 other apps)
Accounting Integration (146 other apps)
Activity Dashboard (163 other apps)
Auditing (101 other apps)
Automatic Notifications (132 other apps)
Compliance Management (130 other apps)
Data Import/Export (140 other apps)
Electronic Payments (135 other apps)
Expense Tracking (135 other apps)
Multi-Currency (131 other apps)
Third Party Integration (147 other apps)

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
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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.