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Workday Financial Management Pricing, Features, Reviews and Alternatives
Workday Financial Management FAQs
Q. Who are the typical users of Workday Financial Management?
Q. What languages does Workday Financial Management support?
Q. Does Workday Financial Management offer an API?
Workday Financial Management product overview
What is Workday Financial Management?
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 the office.
Key benefits of using Workday Financial Management
Invoicing and Real-time spend analytics - Workday Financial Management obtains reports on your business's 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
Platforms supported
Support options
Training options
Not sure about Workday Financial Management? Compare it with a popular alternative
Workday Financial Management
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Workday Financial Management pricing information
Value for money
4.2
/5
64
Starting from
No pricing info
Pricing options
Value for money contenders
Workday Financial Management features
Functionality
4.4
/5
64
Total features
114
12 categories
Most valued features by users
Functionality contenders
Workday Financial Management users reviews
Overall Rating
4.4
/5
64
Positive reviews
- Value for money
- Ease of use
- Features
- Customer support
- Likelihood to recommend8.09/10
32
27
3
1
1
Overall rating contenders
Nick C.
IT Security Specialist
Education Management, 201-500 employees
Review source
Transcript
Nick C.: My name is Nick. I am an IT security specialist. I work in higher education and I give Workday...
Verified reviewer
Information Technology and Services, 501-1,000 employees
Used daily for 2+ years
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Easy to develop reports and less coding for developing integrations. User Interface is very good and dashboards are easy to develop and deploy
It won't allow much customization on the existing pages.
Verified reviewer
Accounting, 5,001-10,000 employees
Used daily for 2+ years
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Pretty good, however the points addressed as dislikes should be addressed as it would make workday more robust
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.
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
Rachel S.
Insurance, 5,001-10,000 employees
Used daily for 2+ years
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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.
I like being able to access my personal information, my performance, my time, my benefits, etc. all in one location.
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.
Claudia L.
Computer Software, self-employed
Used daily for 1-2 years
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Workday Financial Management integrates seamlessly with other Workday products, such as HCM and PPM. The software has great reporting capabilities. In addition, the software offers a range of security and compliance features in terms of data encryption and two-factor authentication, which help to provide greater security for sensitive information about your business operations.
The software is intuitive to use and I was able to create reports easily once I understand how the system works.
There is a learning curve to using the software when creating hierarchies for your chart of accounts before you can effectively create useful reports.
Verified reviewer
Internet, 5,001-10,000 employees
Used daily for 2+ years
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WFM is definitely more affordable than any of the competitors, especially Hyperion who has astronomical prices for similar functionality. We use WFM primarily for accounting and payroll. It has a user friendly interface, set up was somewhat of a breeze. I like the fact that it's a cloud system, makes everything easier.
Their help center is lacking. Also for people who are not as tech savvy, it's was surprisingly challenging to find user guides and we had to contact WFM support for that, when they should have been accessible in the first place.
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