Workday

Workday Financial Management

4 / 5 19 reviews

Who Uses This Software?

Finance leaders looking for unparalleled insight and a state-of-the-art foundation for transactional efficiency and control.


Average Ratings

19 Reviews
  • 4 / 5
    Overall
  • 4 / 5
    Ease of Use
  • 4.5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Demo
    Yes
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    24/7 (Live Rep)

Vendor Details

  • Workday
  • www.workday.com
  • Founded 2005
  • United States

About Workday Financial Management

Manage your organization's financial accounting, reporting, procurement, revenue, inventory, and projects in a single system.


Workday Financial Management Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • Fund Accounting
  • Government
  • Nonprofits
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management
  • Budgeting & Forecasting
  • Cash Management
  • Consolidation / Roll-Up
  • Currency Management
  • Financial Reporting
  • Investment Management
  • Project Management
  • Revenue Recognition
  • Risk Management
  • Tax Management
  • "What If" Scenarios
  • Audit Trail
  • Balance Sheet
  • Cash Management
  • Consolidation / Roll-Up
  • Forecasting
  • General Ledger
  • Income Statements
  • Multi-Company
  • Multi-Department / Project
  • Profit / Loss Statement
  • Analytics
  • Branch Optimization
  • Channel Management
  • Compliance Management
  • Customer Engagement
  • Performance Management
  • Risk Management
  • Attendance Tracking
  • Classroom Management
  • Communication Management
  • Curriculum Management
  • Enrollment Management
  • Financial Management
  • Parent Portal
  • Progress Reports
  • Skill Testing
  • Student Information / Records
  • Competitor Analysis
  • Dynamic Pricing
  • For Airlines
  • For Hospitality Industry
  • Forecasting
  • Inventory Control
  • Price Optimization
  • Recommendation Engine
  • Yield Management

Workday Financial Management Reviews Recently Reviewed!


User friendly interface

Aug 15, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
Likelihood to Recommend: 7.0/10 Not
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Pros: 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.

Cons: 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.

Overall: Workday Financials gave us much needed reporting capabilities that we weren't getting from other software. The fact that it integrates with our HRM system makes it easier to drill into certain data sets. Adding attachments to invoices and journal entries has essentially turned us into a paperless office.

Workaround

Nov 03, 2016
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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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.

Overall: When we initially started using this product it was very cumbersome. It improved some of our old processes but then seemed to make other worse. It has either gotten better or we have just gotten use to it. 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. They recently changed the requisition creation and it is not clear what the end user needs to do once they enter a line item. Overall I like the product but I feel it could still be improved. We just started using the HR function this week and so far I like what I see.

Awesome tool to manage finance in-house

May 09, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

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.

Projection reports needs to add for analyzing future trend

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

Feb 07, 2018
4/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money

Pros: It has a very simple interface. Reports and features can get customized by ITS on demand. There is an app you can use on your phone with all the working features.

Cons: It contains no tools for project management other than the accounting of available budget, obligations and actuals. Some terms do not reflect the correct accounting, finance, and projext management industries.

All details at one place and easy to handle

May 09, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

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.

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

Apr 13, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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. I find it interesting that it helps me to lead strategic planning and find the best ways for the profitability of my new business.

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.

Overall: 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. A great benefit is that I have accomplished to change proactively to internal and external changes without IT resources or costly customizations.

It is good experience of working with this tool.

May 15, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: Very user friendly interface. easy to operate and reports can be taken out very easily. Used to of this tool is about 3 years.

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.

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

Feb 10, 2018
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: I like the easy access to different reports. I can put down information the way I want it and dive deeper into the data if I need to. Everything is linked and stored in an easy to navigate format so you will have an easy time looking for what you need.

Cons: I don't like that reports can take a while if the data size is fairly large. Also if you attempt to click around too much before Workday process what you want it to do, you will get an error message. It is very easy to create this error message if you click around too much without giving it some time.

Aged tool

Aug 27, 2018
2/5
Overall
2 / 5
Ease of Use
3 / 5
Features & Functionality
Likelihood to Recommend: 3.0/10 Not
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Pros: it does the job at the end of the day and you can structure the tabs easily.

Cons: The look is very much aged and basic. A bit of a face lift would help the user experience.

Great product, easy to use, very user-friendly

Mar 13, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money

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. Also wouldn't mind a cheaper option for small (rather than medium) sized businesses...

Capterra-loader

Best software for financial management and reporting

May 15, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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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

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

Amazing, Unlike Any Other

Jan 10, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: - Easy to use - Mobility - Analytics - Dashboards - Reporting - Extremely Self Serving - Amazing Ecosystem

Dec 14, 2016
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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New software.....from eeeek to ooohhhhh

Nov 21, 2016
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money

Comments: It has been a pleasant transition thus far. There are a few hiccups when entering information. I feel the navigating is a bit choppy however it is so new I am not going to make a strong opinion just yet. Our employer is giving us this in small doses and most of the headache is just establishing processes as some duties have shifted. Over all a great product!!

Best Human Capital Management App

Mar 08, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
Likelihood to Recommend: 9.0/10 Not
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Pros: 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.

Cons: 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 Review

Nov 17, 2016
1/5
Overall
1 / 5
Ease of Use
1 / 5
Features & Functionality
3 / 5
Customer Support
3 / 5
Value for Money

Comments: I find it easy to use and navigate through. 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.

Easy transition!

Nov 16, 2016
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Comments: It is never easy changing systems but Workday is much easier to use then our previous system. Workday has been very user friendly. I haven't had any problems using this system.

One tool to provide all finance related detail.

Apr 12, 2017
4/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Comments: It provides complete transnational efficiency and control. Very good tool for accounting, consolidation, planning, procurement, projects, reporting, and analytics.

Jan 06, 2018
5/5
Overall