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Workday Financial Management vs Basware Comparison
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Overview
Workday Financial Management is a web-based accounting and planning software that helps with strategic financial decisions...
Basware provides e-invoicing and purchase-to-pay solutions including e-procurement, accounts payable automation, travel &...
- Platforms supported
- Web-based
- iPhone app
- Android app
- Windows Phone app
- Typical customers
- Freelancers
- Small businesses
- Mid size businesses
- Large enterprises
- Customer support
- Phone
- Online
- Knowledge base
- Video tutorials
- Platforms supported
- Web-based
- iPhone app
- Android app
- Windows Phone app
- Typical customers
- Freelancers
- Small businesses
- Mid size businesses
- Large enterprises
- Customer support
- Phone
- Online
- Knowledge base
- Video tutorials
Video & Screenshots
Pricing
Starting from
No pricing info
- Free trial available
- Credit cardless trial
- Free account
- Subscription based
Starting from
No pricing info
- Free trial available
- Credit cardless trial
- Free account
- Subscription based
User reviews
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 love how user friendly it is. You can find anything and everything with ease.
Pros
The dashboard is very helpful and eye catching. Love the way the software shows all the contents and very easy to find what you required.
Overall I am satisfied with using Basware at work and hopefully I will enjoy working with it for a long time.
It allows you to upload them, input accounting string, and transfer to your ERP system. It works very well with Oracle Finance which is a great advantage.
Cons
Hard to learn at first- errors pop up at times.
My overall experience with Workday is sometimes frustrating since I cannot get the reports I need to do my job.
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.
Cons
What I dislike about this software that sometimes I run into some unexpected errors and have to close and open Basware again.
Almost no customization or advanced functionality. Reports often lack critical details that are readily available in other programs.
Rejecting an invoice can cause confusion within the back end. When an invoice needs to be rejected, one of our Basware admins is notified and then must remove the invoice from the workflow.
Key features
- Total features128
- "What If" Scenarios
- ACH Payment Processing
- Access Controls/Permissions
- Accounting
- Accounting Integration
- Accounts Payable
- Accounts Receivable
- Activity Dashboard
- Ad hoc Reporting
- Aging Tracking
- Alerts/Notifications
- Approval Process Control
- Asset Lifecycle Management
- Audit Planning
- Audit Trail
- Automatic Billing
- Bank Reconciliation
- Barcode/Ticket Scanning
- Billing & Invoicing
- Budget Management
- Budgeting/Forecasting
- CPA Firms
- CRM
- Cash Flow Analysis
- Cash Management
- Cataloging/Categorization
- Check Processing
- Check Writing
- Collaboration Tools
- Commenting/Notes
- Commission Management
- Compliance Management
- Consolidation/Roll-Up
- Contract Drafting
- Contract/License Management
- Core Accounting
- Credit Card Management
- Credit Card Processing
- Currency Management
- Customer Statements
- Customizable Invoices
- Customizable Reports
- Customizable Rules
- Customizable Templates
- Dashboard
- Data Extraction
- Data Import/Export
- Data Management
- Data Visualization
- Discount Management
- Distribution Management
- Document Management
- Duplicate Payment Alert
- Dynamic Pricing
- ERP
- Electronic Funds Transfer
- Enterprise Asset Management
- Expense Claims
- Expense Management
- Expense Tracking
- Financial Analysis
- Financial Management
- Financial Reporting
- Fixed Asset Management
- For Government
- For Grantmakers
- For Hospitality Industry
- For Nonprofits
- For Real Estate
- For Restaurants
- For Small Businesses
- Forecasting
- Fraud Detection
- Fund Accounting
- Gantt/Timeline View
- General Ledger
- Grant Application Management
- Grant Award Tracking
- HR Management
- Income & Balance Sheet
- Integrated Business Operations
- Inventory Control
- Inventory Management
- Inventory Optimization
- Investment Management
- Invoice Creation
- Invoice History
- Invoice Management
- Invoice Processing
- Mobile Access
- Mobile App
- Multi-Channel Management
- Multi-Company
- Multi-Currency
- Multi-Language
- Nonprofits
- Online Invoicing
- Online Payments
- Order Management
- Overpayment Processing
- Partial Payments
- Payment Collection
- Payroll Management
- Planning Tools
- Portfolio Management
- Price Optimization
- Price and Cost Calculations
- Procurement Management
- Product Configurator
- Product Identification
- Profit/Loss Statement
- Progress Tracking
- Project Accounting
- Project Management
- Proposal Generation
- Purchase Order Management
- Purchasing & Receiving
- Purchasing Reports
- Quotes/Estimates
- Real Time Analytics
- Real Time Data
- Real Time Monitoring
- Real Time Reporting
- Receipt Management
- Receivables Ledger
- Receiving/Putaway Management
- Recurring Payments
- Reorder Management
- Reporting & Statistics
- Reporting/Analytics
- Requisition Management
- Resource Management
- Revenue Recognition
- Risk Analysis
- Risk Assessment
- Risk Management
- Search/Filter
- Sourcing Management
- Spend Analysis
- Spend Control
- Spend Management
- Status Tracking
- Supplier Management
- Supply Chain Management
- Task Management
- Tax Management
- Template Management
- Third Party Integrations
- Time & Expense Tracking
- Transaction History
- Transaction Management
- User Management
- Vendor Management
- Visual Analytics
- Visualization
- Warehouse Management
- Workflow Management
- Yield Management
- Total features59
- "What If" Scenarios
- ACH Payment Processing
- Access Controls/Permissions
- Accounting
- Accounting Integration
- Accounts Payable
- Accounts Receivable
- Activity Dashboard
- Ad hoc Reporting
- Aging Tracking
- Alerts/Notifications
- Approval Process Control
- Asset Lifecycle Management
- Audit Planning
- Audit Trail
- Automatic Billing
- Bank Reconciliation
- Barcode/Ticket Scanning
- Billing & Invoicing
- Budget Management
- Budgeting/Forecasting
- CPA Firms
- CRM
- Cash Flow Analysis
- Cash Management
- Cataloging/Categorization
- Check Processing
- Check Writing
- Collaboration Tools
- Commenting/Notes
- Commission Management
- Compliance Management
- Consolidation/Roll-Up
- Contract Drafting
- Contract/License Management
- Core Accounting
- Credit Card Management
- Credit Card Processing
- Currency Management
- Customer Statements
- Customizable Invoices
- Customizable Reports
- Customizable Rules
- Customizable Templates
- Dashboard
- Data Extraction
- Data Import/Export
- Data Management
- Data Visualization
- Discount Management
- Distribution Management
- Document Management
- Duplicate Payment Alert
- Dynamic Pricing
- ERP
- Electronic Funds Transfer
- Enterprise Asset Management
- Expense Claims
- Expense Management
- Expense Tracking
- Financial Analysis
- Financial Management
- Financial Reporting
- Fixed Asset Management
- For Government
- For Grantmakers
- For Hospitality Industry
- For Nonprofits
- For Real Estate
- For Restaurants
- For Small Businesses
- Forecasting
- Fraud Detection
- Fund Accounting
- Gantt/Timeline View
- General Ledger
- Grant Application Management
- Grant Award Tracking
- HR Management
- Income & Balance Sheet
- Integrated Business Operations
- Inventory Control
- Inventory Management
- Inventory Optimization
- Investment Management
- Invoice Creation
- Invoice History
- Invoice Management
- Invoice Processing
- Mobile Access
- Mobile App
- Multi-Channel Management
- Multi-Company
- Multi-Currency
- Multi-Language
- Nonprofits
- Online Invoicing
- Online Payments
- Order Management
- Overpayment Processing
- Partial Payments
- Payment Collection
- Payroll Management
- Planning Tools
- Portfolio Management
- Price Optimization
- Price and Cost Calculations
- Procurement Management
- Product Configurator
- Product Identification
- Profit/Loss Statement
- Progress Tracking
- Project Accounting
- Project Management
- Proposal Generation
- Purchase Order Management
- Purchasing & Receiving
- Purchasing Reports
- Quotes/Estimates
- Real Time Analytics
- Real Time Data
- Real Time Monitoring
- Real Time Reporting
- Receipt Management
- Receivables Ledger
- Receiving/Putaway Management
- Recurring Payments
- Reorder Management
- Reporting & Statistics
- Reporting/Analytics
- Requisition Management
- Resource Management
- Revenue Recognition
- Risk Analysis
- Risk Assessment
- Risk Management
- Search/Filter
- Sourcing Management
- Spend Analysis
- Spend Control
- Spend Management
- Status Tracking
- Supplier Management
- Supply Chain Management
- Task Management
- Tax Management
- Template Management
- Third Party Integrations
- Time & Expense Tracking
- Transaction History
- Transaction Management
- User Management
- Vendor Management
- Visual Analytics
- Visualization
- Warehouse Management
- Workflow Management
- Yield Management
Integrations
- Total integrations77
- Dynamics 365
- Dynamics 365 Business Central
- FreshBooks
- Gmail
- HubSpot CRM
- Microsoft Excel
- NetSuite
- PayPal
- QuickBooks Online Advanced
- Quickbooks Online
- SAP Business One
- Sage Intacct
- Salesforce Sales Cloud
- Shopify
- Slack
- Stripe
- WooCommerce
- Xero
- Zapier
- authorize.net
- Total integrations4
- Dynamics 365
- Dynamics 365 Business Central
- FreshBooks
- Gmail
- HubSpot CRM
- Microsoft Excel
- NetSuite
- PayPal
- QuickBooks Online Advanced
- Quickbooks Online
- SAP Business One
- Sage Intacct
- Salesforce Sales Cloud
- Shopify
- Slack
- Stripe
- WooCommerce
- Xero
- Zapier
- authorize.net
Alternatives
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AD
Ahmet D.
Management Consulting, 1-10 employees
Used daily for 2+ years
Review source
Share this review:
Basware is one of the leading purchase-to-pay/invoice processing platforms. The workflow engine allows the implementation of kind of an approval process regardless of detail and exceptions. This power however comes with a price, the implementation can be challenging and the implementation learning curve can be sometimes steep. Consolidated reports are very useful and the ERP integration is sold, which is a must-have for any kind of P2P Platform.
Pros
- Intuitive user interface- Solid code base (ie very few bugs/unexpected behaviour compared to the rest of the solutions)- Workflow management is both detailed and clear- Greatly boosts efficiency in invoice processing- Reusable Templates for recurring tasks- Automatic Three-Way Invoice matching with almost no human intervention
Cons
- Lacks guides accessible within the platform for tasks- Export of invoice images would be a nice feature- Price (ie expensive)- User support needs to be better for a sophisticated platform such as Basware- Rare instances of the platform freezing up on users.
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