Workday Financial Features

Workday Financial

Fresh approach to financial management

4.33/5 (40 reviews)

Workday Financial Feature Summary

  • Revenue management
  • Business assets
  • Procurement
  • Grants management
  • Revenue recognition
  • Purchase orders
  • Invoicing
  • Real time spend analytics
  • Accounting and finance
  • Management reporting
  • Expenses
  • Mobile friendly
  • Project management
  • Online support
  • Custom reports
  • Automatically reconcile bank statements
  • Manage your asset roster
  • Monitor processes and workflows
  • Centralized business management
  • Inventory
  • Real-time business insights
  • Financial reports
  • Attach comments
  • Key metrics
  • Status indicators
  • Multientity, multibook, and multicurrency
  • Country-specific configurations
  • Language translations
  • Security and support compliance
  • Track and manage bank accounts
  • Asset lifecycle management
  • Workflow management
  • Full audit reports
  • Security access policies

Competitor Feature Comparison

Access Control
Accounting Management
Asset Lifecycle Management
Asset Management
Audit Trail
Bank Reconciliation
Billing & Invoicing
Commenting
Customizable Reporting
Expense Claims
Financial Analysis
Forecasting
Inventory Management
Invoice Management
Invoice Processing
Mobile Integration
Multi-Country
Multi-Language
Project Accounting
Project Management
Purchase Order Management
Real Time Analytics
Real Time Data
Real Time Monitoring
Real Time Reporting
Reporting & Statistics
Status Reporting
Status Tracking
Workflow Management
Learn moreCompare App
Access Control
Accounting Management
Asset Lifecycle Management
Asset Management
Audit Trail
Bank Reconciliation
Billing & Invoicing
Commenting
Customizable Reporting
Expense Claims
Financial Analysis
Forecasting
Inventory Management
Invoice Management
Invoice Processing
Mobile Integration
Multi-Country
Multi-Language
Project Accounting
Project Management
Purchase Order Management
Real Time Analytics
Real Time Data
Real Time Monitoring
Real Time Reporting
Reporting & Statistics
Status Reporting
Status Tracking
Workflow Management
Learn moreCompare App
Access Control
Accounting Management
Asset Lifecycle Management
Asset Management
Audit Trail
Bank Reconciliation
Billing & Invoicing
Commenting
Customizable Reporting
Expense Claims
Financial Analysis
Forecasting
Inventory Management
Invoice Management
Invoice Processing
Mobile Integration
Multi-Country
Multi-Language
Project Accounting
Project Management
Purchase Order Management
Real Time Analytics
Real Time Data
Real Time Monitoring
Real Time Reporting
Reporting & Statistics
Status Reporting
Status Tracking
Workflow Management
Learn moreCompare App

Mobile apps

iOS App


474,913 reviews

Requires iOS 12.0 or later. Compatible with iPhone, iPad, and iPod touch.

Android App


53,068 reviews

Workday Financial Feature Reviews

25 reviewers had the following to say about Workday Financial's features:

Anonymous
A verified reviewer

Excellent, I can have all the analysis of my management in a single financial management system.

2018-04-13

Allows me to register new levels of financial efficiency and business performance with Workday accounting software, I could quickly respond to anomalies as they happen with reports and in-memory accounting, I could manage all activity with configurable business processes.

Pros

I like most is that it gives me the possibility of having all the analysis of my management in a single financial management system.

Cons

I'm practically new using the tool, but I think it would be useful to include the possibility of including the initial data of the company and predict its productivity in the short term.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Dennis Maina

Best software for financial management and reporting

2018-05-15

accurate reports that i forwarded to the management for enabling the decision making process in the company

Pros

It provides accurate reports and financial tools thus proving to very reliable It can be used to generate monthly and annual reports therefore help in future financial forecasting

Cons

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Monthly

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Accounting company, 5001-10000 employees)

Workday Financials Review

2019-12-06

Pretty good, however the points addressed as dislikes should be addressed as it would make workday more robust

Pros

What I like is the reporting options available in the financials model.

Cons

There are also no award or grant compliance checks in workday leaving compliance auditing at risk

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Vanessa Marroquin

It is a little bit difficult to use at the beginning.

2018-02-08

Pros

It has a very simple interface. Reports and features can get customized by ITS on demand.

Cons

It contains no tools for project management other than the accounting of available budget, obligations and actuals.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Automotive company, 10001+ employees)

User friendly interface

2018-08-15

Workday Financials gave us much needed reporting capabilities that we weren't getting from other software.

Pros

Workday Financials is user friendly and has some great reporting capabilities.

Cons

Workday runs slow sometimes, especially on days when we're loading payroll and there's a lot of data going through the system.

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Read more
Shivankar Dhar

It's easy going and definately a must for your organisation.

2019-05-07

Also to integrate it with other organisational needs like HRM helps report some really important organisational data.

Pros

Helps you manage inventory, reporting and financials of your organisation.

Cons

Random error messages and runs slow at times.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Occasionally

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Higher Education company, 10001+ employees)

Workday is not for every business

2018-09-18

My overall experience with Workday is sometimes frustrating since I cannot get the reports I need to do my job.

Pros

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

Cons

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Read more
Devender Kumar Sharma

It is good experience of working with this tool.

2017-05-15

Pros

Very user friendly interface. easy to operate and reports can be taken out very easily.

Cons

It is good tool however recovery of reports by this tools sometime seems difficult and need to improve its efficacy and speedy data and report production.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Weekly

Source: Capterra
Helpful?   Yes   No
Read more
Tiffany Yip

Your usual financial software

2019-12-10

Okay overall, don’t really see anything outstanding compared to other financial softwares

Pros

Allows user to save particular reports for easy access in the future, especially great if you need recurring reports.

Cons

There should be some sort of a filter feature. I find it troublesome when looking up vendor in the search bar, but unable to refine by cost center or BU without going through pulling the ledger entries.

Rating breakdown

Ease of use
Features

Time used: 6-12 months

Frequency of use: Daily

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Education Management company, 201-500 employees)

Workday's Financial Solution

2019-07-23

Pros

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

Cons

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Insurance company, 201-500 employees)

Workday review

2018-12-04

Overall I have had a good experience with Workday

Pros

Workday is an easy to use time management software.

Cons

Overall I do not have any complaints about Workday

Rating breakdown

Ease of use
Features

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Kellie Haggerty

Workday is an easy-to-use software that keeps everything in one place

2019-09-30

I am very satisfied with the use of workday in our company.

Pros

It is simple to use and effeicent for our personal management needs.

Cons

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

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

8/10
Source: Capterra
Helpful?   Yes   No
Read more
Kelli Tippet

Workaround

2016-11-03

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.

Pros

The reporting capabilities and the ability to drill down in functions to get to the info you need.

Cons

Not always user friendly. The error notes are not very helpful in pointing you to the specific line that has an issue.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

7/10
Source: Capterra
Helpful?   Yes   No
Read more
Hemant Kumar

One tool to provide all finance related detail.

2017-04-13

Very good tool for accounting, consolidation, planning, procurement, projects, reporting, and analytics.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Amy Rose Gill

Verified Reviewer

Amazing, Unlike Any Other

2018-01-10

Pros

- Easy to use - Mobility - Analytics - Dashboards - Reporting - Extremely Self Serving - Amazing Ecosystem

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 1-2 years

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: GetApp
Helpful?   Yes   No
Read more
Shiawtian Chen

Friendly and easy to use interface. Very powerful report and data sorting tool

2018-02-11

Pros

Everything is linked and stored in an easy to navigate format so you will have an easy time looking for what you need.

Cons

Also if you attempt to click around too much before Workday process what you want it to do, you will get an error message.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: Less than 6 months

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Sports company, 11-50 employees)

Workday for Office Life

2020-04-09

It is so simple and really streamlines the work process between employees and employers.

Pros

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.

Cons

It is very simple to use, and is easy to access from a phone as well.

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Daily

Likelihood to recommend

9/10
Source: Capterra
Helpful?   Yes   No
Read more
Gaurav Paras Shukla

Awesome tool to manage finance in-house

2017-05-09

Pros

User-friendly, easy access, secure to end user It's easy to provide weekly, monthly and yearly view for Planning

Cons

Sometimes slow to access Customize reports needs to enhance.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
Read more
Rajesh Sahran

All details at one place and easy to handle

2017-05-09

Pros

GUI interface.Easy to use...and user friendly. I am using this from past 2 years and its awsome tool.

Cons

The charts can be improved , taking out the reports is not not so easy and can be improved further.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Source: Capterra
Helpful?   Yes   No
Read more
Ryan King

Great product, easy to use, very user-friendly

2018-03-13

Pros

Love the reliability of the product itself, very easy to use and user-friendly user interface, decent documentation outlining features and functionality

Cons

Wish it were easier to integrate with other software systems, although I know the company is making a push in that direction.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Source: Capterra
Helpful?   Yes   No
Read more
Teresa Herbic Herbic

Workday is Simple to Use and Effective

2018-12-15

Great for jobs where you are scheduling a variety of users.

Pros

It's a very straightforward accounting software program.

Cons

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

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 6-12 months

Frequency of use: Weekly

Likelihood to recommend

10/10
Source: Software Advice
Helpful?   Yes   No
Read more
Kristy Ellison

Workday Review

2016-11-17

We are just getting some of the new features so I am not sure about it as a whole package yet, but so far, the accounting piece is very good.

Rating breakdown

Value for money
Ease of use
Features
Customer support
Source: Capterra
Helpful?   Yes   No
Read more
Rachel Swanson

Workday Review

2018-10-29

I use workday to keep track of all my important company information.

Pros

I like being able to access my personal information, my performance, my time, my benefits, etc. all in one location.

Cons

I don't like how difficult it is to track my time.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

4/10
Source: Capterra
Helpful?   Yes   No
Read more
Anonymous
(Insurance company, 501-1000 employees)

Workday Review

2018-11-14

Overall I am happy with my experience using Workday. I love being able to go to one place for all my HR needs.

Pros

We do our annual reviews here, our employee information is tracked here, and our training services are done through here.

Cons

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

Rating breakdown

Ease of use
Features

Time used: 1-2 years

Frequency of use: Monthly

Likelihood to recommend

6/10
Source: Capterra
Helpful?   Yes   No
Read more
Minela Karagic

Best system for the workplace

2018-12-04

I keep a track of everything work related on workday.

Pros

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.

Cons

There are no cons that I have encountered

Rating breakdown

Value for money
Ease of use
Features
Customer support

Time used: 2+ years

Frequency of use: Daily

Likelihood to recommend

10/10
Source: Capterra
Helpful?   Yes   No
Read more