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SoftCo AP Automation vs Workday Financial Management: Which is a better fit?

Updated on November 20th, 2024
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Summary
Key features rated by users
Features selected based on 4,294 reviews from Accounts Payable users.
% Fit
Missing features
Not enough reviews
Feature ratings
Accounting
NA
Financial Management
--
Invoice Processing
4.0
Billing & Invoicing
4.0
General Ledger
4.0
% Fit
Not enough reviews
Feature ratings
Accounting
5.0
Financial Management
4.3
Invoice Processing
4.7
Billing & Invoicing
5.0
General Ledger
4.0
User satisfaction
4.6
User reviews20
Ease of use
4.6
Functionality
4.3
Value for money
4.4
Customer support
4.6
4.4
User reviews69
Ease of use
4.1
Functionality
4.4
Value for money
4.2
Customer support
4.4
Price starts from
Not provided by vendor
Free version
Free trial
Yearly subscription
Free version
Free trial
Best for

SoftCo works with organizations who process over 15k invoices per annum in industries incl. Manufacturing, Aviation, Food & Beverage, Fin Services, Retail, Transport & Logistics, & Renewable Energy.

Workday Financial Management is designed to help CFOs of companies of all sizes lead their finance practice with deeper insights, less manual work to drive efficiency, and greater agility.

User reviews
pros & cons
1 / 3
View Reviews
1 / 4
View Reviews
Video reviews
No video reviews yet
video-4a7cd497-7ee4-4d3e-f087-08d8bc0d2c3e
Nick C
IT Security Specialist
4.0

Nick C.: My name is Nick. I am an IT security specialist. I work in higher education and I give Workday Financial Management a four out of five. When looking at different products between Workday and also we are looking at a product called PeopleSoft. And we moved off of PeopleSoft, an older version, but their newer version did not meet all of our needs. We ended up going with Workday because they provided a fully cloud solution that alleviated any problems we had with on-premise things, like servers and workstations. With the nature of things like Workday, the integration for programs that replaced financial management are going to be very involved. So, it was quite a long process for us to integrate Workday into our environment. But it's definitely something that we enjoyed the change. When looking into Workday as a financial solution, definitely going to be, know all of the requirements that your finance team requires and all of the things that will be needed to continue support for this product. (silence)

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View all video reviews
User interface
148851 video thumbnail}
1 Video
66909 video thumbnail}
1 Video
148851
5 screenshots
66909
5 screenshots
Do these products fit your needs?

Prioritize real-user-identified key features according to your needs to find your best fit.

Logo Img
--%
Logo Img
--%
1099 Preparation
207
Important
Accounting
388
Important

SoftCo AP Automation

33/44
  • 1099 Preparation
  • Accounting
  • Bank Reconciliation
  • Cash Management
  • Check Writing
  • Duplicate Payment Alert
  • Electronic Funds Transfer
  • Expense Tracking
  • Inventory Management
  • Online Banking
  • Receipt Management
  • ACH Payment Processing
  • Activity Dashboard
  • Aging Tracking
  • Alerts/Notifications
  • API
  • Approval Process Control
  • Audit Trail
  • Billing & Invoicing
  • Compliance Management
  • Customizable Reports
  • Data Import/Export
  • Document Management
  • Electronic Payments
  • ERP integration
  • Financial Analysis
  • Financial Management
  • Fraud Detection
  • General Ledger
  • Invoice Management
  • Invoice Processing
  • Mobile Access
  • Multi-Currency
  • Process/Workflow Automation
  • Purchase Order Reconciliation
  • Real-Time Data
  • Recurring Payments
  • Reporting/Analytics
  • Self Service Portal
  • Status Tracking
  • Supplier Management
  • Third-Party Integrations
  • Vendor Management
  • Workflow Management
See All features
Hide Accounts Payable Software Features -

Workday Financial Management

Top Features
37/44
Show Accounts Payable Software Features +

SoftCo AP Automation

--

Workday Financial Management

--

SoftCo AP Automation
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
Workday Financial Management
Deployment
  • Cloud, SaaS, Web-Based
  • Desktop - Mac
  • Desktop - Windows
  • Desktop - Linux
  • Desktop - Chromebook
  • On-Premise - Windows
  • On-Premise - Linux
  • Mobile - Android
  • Mobile - iPhone
  • Mobile - iPad
Support
  • Email/Help Desk
  • FAQs/Forum
  • Knowledge Base
  • Phone Support
  • 24/7 (Live rep)
  • Chat
Training
  • In Person
  • Live Online
  • Webinars
  • Documentation
  • Videos
SoftCo AP Automation
  • By SoftCo
  • Located in United States
  • Founded in 1990
Workday Financial Management
  • By Workday
  • Located in United States
  • Founded in 2005
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