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Workday Financial Management Logo

A fresh approach to financial management.

Last updated: January 2025

Table of Contents

Workday Financial Management - 2025 Pricing, Features, Reviews & Alternatives

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.

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

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 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 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.

Starting from

1

Per year

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Workday Financial Management's key features

Most critical features, based on insights from Workday Financial Management users:

Expense Tracking
Financial Reporting
General Ledger
Invoice Processing
Duplicate Payment Alert
Accounts Payable

All Workday Financial Management features

Features rating:

Revenue Recognition
Financial Management
Fixed Asset Management
Reporting/Analytics
Integrated Business Operations
Customizable Rules
Workflow Management
Mobile Access
Bank Reconciliation
Billing & Invoicing
Project Management
Project Billing
Project Accounting
Progress Tracking
Profit/Loss Statement
Product Configurator
Procurement Management
Purchase Order Management
Price Optimization
Price and Cost Calculations
Portfolio Management
Purchasing & Receiving
Proposal Generation
Planning Tools
Payroll Management
Payment Collection
Partial Payments
Overpayment Processing
Order Management
Online Payments
Online Invoicing
Multi-Language
Multi-Currency
Multi-Company
Mobile App
Invoice Management
Invoice History
"What If" Scenarios
Quotes/Estimates
Rules-Based Workflow
Spend Analysis
Spend Control
Status Tracking
Supplier Management
Supply Chain Management
Task Management
Tax Management
Template Management
Third-Party Integrations
Time & Expense Tracking
Transaction History
Transaction Management
Vendor Management
Visualization
Yield Management
Real-Time Analytics
Real-Time Data
Real-Time Monitoring
Real-Time Reporting
Real-Time Updates
Receipt Management
Receivables Ledger
Reimbursement Management
Remote Access/Control
Reporting & Statistics
Requisition Management
Resource Management
Revenue Management
Risk Analysis
Risk Assessment
Risk Management
Cash Flow Analysis
Cash Flow Management
Cash Management
Check Processing
Check Writing
Collaboration Tools
Commenting/Notes
Commission Management
Compliance Management
Consolidation/Roll-Up
Contract Drafting
Contract/License Management
Core Accounting
CPA Firms
CRM
Currency Management
Access Controls/Permissions
Accounting
Accounts Receivable
ACH Payment Processing
Activity Dashboard
Ad hoc Reporting
Aging Tracking
Alerts/Notifications
API
Approval Process Control
Audit Management
Audit Planning
Audit Trail
Automatic Billing
Budget Management
Budgeting/Forecasting
For Grantmakers
For Hospitality Industry
For Real Estate
For Small Businesses
Forecasting
Fraud Detection
Fund Accounting
Gantt/Timeline View
Grant Application Management
Grant Award Tracking
HR Management
Income & Balance Sheet
Inventory Control
Inventory Management
Investment Management
Invoice Creation
Customer Statements
Customizable Invoices
Customizable Reports
Dashboard
Data Import/Export
Data Management
Data Visualization
Distribution Management
Document Management
Dynamic Pricing
Electronic Funds Transfer
Enterprise Asset Management
ERP integration
Expense Claims
Expense Management
Financial Analysis

Workday Financial Management awards

Workday Financial Management alternatives

Workday Financial Management logo
4.4
(71)

Starting from

1

Per year

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Ease of Use
Features
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QuickBooks Enterprise logo
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750

Per month

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Features
Value for Money
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Workday Financial Management pricing

Value for money rating:

Starting from

1

Per year

Pricing details
Subscription
Free trial
Free plan
Pricing range

Workday Financial Management support options

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
Phone Support

Training options

In Person
Documentation
Webinars
Live Online
Videos

Workday Financial Management reviews

Overall rating

4.4

/5

71

Positive reviews

93

%

Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8.18/10
Rating distribution

5

4

3

2

1

37

29

3

1

1

Pros
Workday does an amazing job with a great interface allowing the user to easily learn the system while not sacrificing the work being done. Easy, affordable, maintainable.
Overall experience with Workday Financial Management has been fantastic. Great capabilities that can integrate very well with other Workday modules.
I really like workday for the ease of use, but also has a excellent interface to navigate all the features it provides with simple clicks.
Cons
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.
In case where connections are not strong and secure, it can be difficult to access. In case wrong and corrupted data is fed, the reports will be inaccurate as it relies on the information fed to it.
Hard to learn at first- errors pop up at times.

Workday Financial Management FAQs

Q. What type of pricing plans does Workday Financial Management offer?

Workday Financial Management has the following pricing plans:
Starting from: $1.00/year
Pricing model: Subscription

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Q. Who are the typical users of Workday Financial Management?

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


Q. What languages does Workday Financial Management support?

Workday Financial Management supports the following languages:
English, French, German, Spanish, Italian


Q. Does Workday Financial Management offer an API?

Yes, Workday Financial Management has an API available for use.


Q. What other apps does Workday Financial Management integrate with?

Workday Financial Management integrates with the following applications:
Salesforce Platform


Q. What level of support does Workday Financial Management offer?

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

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