Workday Financial Management vs Workday Adaptive Planning Comparison

Workday Financial Management provides a great P2P capability to organization already working with Workday HCM. This tool provides best-in-class functionalities that support financial and procurement operations.

The language, terms, jargon are very specific to Workday nomenclature rather than based on industry. Some concepts are quite unique and sometimes unnecessary when compared against a Coupa or other provider.

Workday makes accounting for you time easy, along with all the other features.

I just wish we would have used workday sooner.

Workday is an easy to use time management software. Unlike a lot of internal time management software Workday can be used through their app on your phone. It is convenient if something comes up and you need to make an adjuster to you work schedule on the run.

Overall I do not have any complaints about Workday

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.

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.

No pros were added to this review

No cons were added to this review

Do you want a one-stop shop for your financial needs? Look no further! This software is easy to use and can be effective in so many different ways. This tool has been invaluable to my business.

There is always a learning curb with new software. I was able to figure out a few of the shortcuts but it does take a little learning and growth.

It's easy to understand, and I do not have trouble finding what I need it. It is simple to use and effeicent for our personal management needs.

Requesting absences is not often a smooth process. There are often errors that pop up that are not accurate.

Workday enables businesses to view all their financials in just a few clicks.

Usually when a report is exported to excel, it's hard to view since the columns contain information that are irrelevant and need to be hidden.

Workday is used by large companies for a reason - companies with employees throughout the US or even internationally can gain immense value from Workday. It takes a lot of the legwork out of managing financials with large numbers of employees for the company.

The user interface for actual employees leaves a lot to be desired. Performing even simple tasks can take multiple minutes of digging through menus.

I love the aesthetics and the ease of use. I am not a lover of numbers but Workday made it almost seem fun to do my accounts through here. It's easy to use, to track your finances and make changes when needed. There is no fuss, no hiccups, just easy and almost fun to use because it works smoothly.

Nothing. I can't think of anything to help improve this system. I love it.

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

Workday offers a huge variety of features and modules to tailor to almost any business model or structure.

Not all features are well explained on how to set up and implement. Implementation can take much longer than planned.

There so much that can be done and Workday helps to streamline many of our manual processes and workflows.

The system is difficult to navigate and things are are to find. The overall design experience could use some improvement.

This product has made work in our HR space so much more streamlined. From talent management, to recruiting, to benefits and obviously, financial reporting internally. Budget keeping is no longer the massive chore it used to be.

Because Workday is a holistic solution for HR, there are minor limitations, but those hardly impact it's greater value.

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

There are no cons that I have encountered

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.

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

We currently have Workday HCM and it integrates seamlessly with their other product which saves our financial department tons of time.

Implementation of the software took a better part of the year and needed a third party to help setup the system.

Workday is highly effective and easy to use. It is streamlined and user friendly. It's a very straightforward accounting software program.

You have to find a specific link for your company, and it can be difficult to find. That's the only issue.

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.

I love how Workday is my company's one stop shop for all things HR. It's easy to be able to log in and have all the important things in one place. We do our annual reviews here, our employee information is tracked here, and our training services are done through here. Prior to Workday, we used many different platforms - now we just have this one.

I find the platform can be slow, and the user interface is not very compatible with Internet Explorer.

Workday user interface design is super friendly. As the user with the rights for approving expenses to my cost center, I have no complaints. The process is straight forward, smooth, and the software feels robust and without any flaws.

The 'inbox' or 'archive' section can be confusing, but aside from that, Workday is top-notch regarding software for Financial Management and much more!

User of Workday, this could not be an easier way for a non stop shop for payroll/tax info, managing benefits and my calendar with time off.

Only con that I do not understand is in the iOS app every time you need to view your actual pay stub you need to 'generate' a PDF which takes ~5 seconds.

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.

Requestion procedures a little of a task, but manageable.

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!

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.

Easy to use, full coverage of organisational accounting needs.Financial reporting has beend made easier like never before. Helps you manage inventory, reporting and financials of your organisation.

Random error messages and runs slow at times.

Workday allowed us to do all of our financial planning in one central hub. We can easily budget, generate financial statements, and run many different what if versions for all revenue and budget scenarios. Super user friendly for all planning options!

It was slightly tough to implement and get things started in the system, just very different than other financial planning tools I’ve worked with. Once you get it implemented, everything is smooth sailing!

Workday Adaptive Planning is very convenient to use especially when it comes to financial planning solutions and enterprise planning, they really provide it.

I don't see any downside or lack of this product and that is why I rated it 10.

With this tool, we have an easy time planning and automating budgets. It is a great EPM

With Workday Adaptive Planning, no major challenges

It is super flexible, allowing the user to enter costs by category, department/dimension/cost centre and easily switch between views. You can write little formula to budget by run rate, uplift by a percentage or similar to prior year phasing. You just need to learn a few rules.

It does not interface well with Workday itself, there was no way I could import staff basic salary into AP from Workday by department and employee for instance.

Workday was used to help build structure to plan schedules etc.

What I liked least about the workday adaptive planning is that , it does not offer a calendar that can be edited to submit task for that day.

Very easy to use reporting and real-time consolidation that helps planning ahead. Mostly used for reporting to high management, and each time it provided fast and amazing solutions. Has lots of features.