Workday Financial Management vs Make Comparison

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.

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

I like that once you figure it out it's simple to use, and make it easy to access your information.

It's not too user friendly when you first start using it. It definitely takes some getting used to.

it is a financial control and management tool. I think it can be good for small businesses with few processes to report or very simple accounting.

Capturing accounting operations are very complicated because we have not yet found a way to automate them to the tool. This is because our company is very large. However you can use it as a reporting tool.

Easy to use and simple product. Does the necessary work and training isn’t necessary bc tool is intuitive.

Doesn’t have bells and whistles and doesn’t make sense to add on because of the support you get from the basic package.

The ability to keep track of my payments and make sure im getting paid correctly for holidays and paid days off

Wish it worked with my iPod instead I have to use it on the desktop computer in the break room at work

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.

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

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.