Workday Financial Management

Fresh approach to financial management

About Workday Financial Management

The Workday Financial Management covers essential business areas such as procurement, asset management, CRM, revenue management, business reports, spend and sales analytics, bank reconciliation, project and task management as well as general business management processes. The Workday Financial Management application is web based and mobile friendly - enabling you to view your Workday Financial Management software in full transparency whilst on the go or out of office.

Workday Financial Management comes in an array of different scalable packages with different levels of online and offline support.

Key benefits of Workday Financial Management

  • Revenue management and business assets - Workday Financial Management can manage your entire financial portfolio from the dashboard, giving you complete transparency over your financial success and revenue streams. Workday Financial Management also acts as an inventory management and business assets platform - allowing you to control expenditure and inventory.

  • Invoicing and Real time spend analytics - Workday Financial Management obtains reports on your businesses invoices (paid and pending) so you can view renewal rates and new sales development. The Workday Financial Management spend analytics provides real-time sales metrics into spending patterns and trends within your consumer segments.

  • Mobile friendly and Custom reports - The entire Workday Financial Management platform is optimized for mobile devices allowing you the freedom to produce reports and findings whilst on the go. The custom reports enable you to create your own dashboards to display what is most relevant to you.

  • Devices

    Business size

    S M L

    Markets

    Canada, United States

    Supported Languages

    English

    Images

    Workday Financial Management - Net Income
    Workday Financial Management - Chart
    Workday Financial Management - Revenue
    Workday Financial Management - Report
    Workday Financial Management - Potential
    Workday Financial Management - Business Asset
    Workday Financial Management - Mobile
    Workday Financial Management - Business
    Workday Financial Management - Assets
    Workday Financial Management - Expense management
    Workday Financial Management - Transfer
    View 12 more
    Workday Financial Management video
    Workday Financial Management screenshot: Workday Financial Management - Net Income Workday Financial Management screenshot: Workday Financial Management - Chart Workday Financial Management screenshot: Workday Financial Management - Revenue Workday Financial Management screenshot: Workday Financial Management - Report Workday Financial Management screenshot: Workday Financial Management - Potential Workday Financial Management screenshot: Workday Financial Management - Business Asset Workday Financial Management screenshot: Workday Financial Management - Mobile Workday Financial Management screenshot: Workday Financial Management - Business Workday Financial Management screenshot: Workday Financial Management - Assets Workday Financial Management screenshot: Workday Financial Management - Expense management Workday Financial Management screenshot: Workday Financial Management - Transfer

    Features

    Total features of Workday Financial Management: 92

    • "What If" Scenarios
    • ACH Payment Processing
    • Access Controls/Permissions
    • Accounting
    • Accounts Payable
    • Accounts Receivable
    • Aging Tracking
    • Approval Process Control
    • Asset Management
    • Audit Trail
    • Automatic Billing
    • Bank Reconciliation
    • Billing & Invoicing
    • Budgeting/Forecasting
    • CPA Firms
    • CRM
    • Cash Management
    • Check Processing
    • Check Writing
    • Collaboration Tools
    • Collections Management
    • Commenting / Notes
    • Compliance Management
    • Consolidation/Roll-Up
    • Currency Management
    • Customer Statements
    • Customizable Reports
    • Data Import/Export
    • Distribution Management
    • Document Management
    • Duplicate Payment Alert
    • Dynamic Pricing
    • Enterprise Asset Management
    • Expense Claims
    • Expense Tracking
    • Financial Analysis
    • Financial Management
    • Financial Reporting
    • Fixed Asset Management
    • For Government
    • For Hospitality Industry
    • Forecasting
    • Fraud Detection
    • Fund Accounting
    • General Ledger
    • HR Management
    • Income & Balance Sheet
    • Integrated Business Operations
    • Inventory Control
    • Inventory Management
    • Investment Management
    • Invoice Management
    • Invoice Processing
    • Manufacturing Planning
    • Mobile Access
    • Multi-Company
    • Multi-Country
    • Multi-Currency
    • Multi-Language
    • Nonprofits
    • Online Payments
    • Order Management
    • Overpayment Processing
    • Partial Payments
    • Payroll Management
    • Performance Management
    • Portfolio Management
    • Price Optimization
    • Profit/Loss Statement
    • Project Accounting
    • Project Management
    • Proposal Generation
    • Purchase Order Management
    • Real Time Analytics
    • Real Time Data
    • Real Time Monitoring
    • Real Time Reporting
    • Receivables Ledger
    • Recurring/Subscription Billing
    • Reporting & Statistics
    • Reporting/Analytics
    • Resource Management
    • Revenue Recognition
    • Risk Management
    • Status Tracking
    • Supply Chain Management
    • Tax Management
    • Time & Expense Tracking
    • Vendor Management
    • Warehouse Management
    • Workflow Management
    • Yield Management

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    Reviews

    Overall rating

    4,3 /5
    (45)
    Value for Money
    4,3/5
    Features
    4,4/5
    Ease of Use
    4/5
    Customer Support
    4,5/5

    Already have Workday Financial Management?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 45
    Verified Reviewer
    Overall rating
    • Industry: Sports
    • Company size: 11-50 Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

    • Ease of Use
    • Likelihood to recommend 9.0 /10

    Workday for Office Life

    Reviewed on 2020/04/09

    We love workday. It is so simple and really streamlines the work process between employees and...

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

    Pros

    I enjoy that all of our employees use workday and it makes it very simple to approve their time, as opposed to having to check time cards or check into another account. 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

    I don' think there are really any cons! It is very simple to use, and is easy to access from a phone as well.

    Verified Reviewer
    Overall rating
    • Industry: Accounting
    • Company size: 5 001-10 000 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 8.0 /10

    Workday Financials Review

    Reviewed on 2019/12/06

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

    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. 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.

    Cons

    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

    Verified Reviewer
    Overall rating
    • Industry: Insurance
    • Company size: 10 000+ Employees
    • Used Weekly for 1+ year
    • Review Source

    Overall rating

    • Ease of Use
    • Likelihood to recommend 9.0 /10

    Excellent Product

    Reviewed on 2021/04/06

    An excellent solution to make all of those once tedious tasks much easier.

    An excellent solution to make all of those once tedious tasks much easier.

    Pros

    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.

    Cons

    Because Workday is a holistic solution for HR, there are minor limitations, but those hardly impact it's greater value.

    Rachel S.
    Overall rating
    • Industry: Insurance
    • Company size: 5 001-10 000 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 4.0 /10

    Workday Review

    Reviewed on 2018/10/29

    I use workday to keep track of all my important company information. Overall I would say it's a...

    I use workday to keep track of all my important company information. Overall I would say it's a good platform, but it needs some updating to make it more user friendly. Epically the time and absence widgets. I'm not a huge fan of how this program functions.

    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. 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.

    Verified Reviewer
    Overall rating
    • Industry: Automotive
    • Company size: 10 000+ Employees
    • Used Daily for 1+ year
    • Review Source

    Overall rating

    • Ease of Use
    • Likelihood to recommend 7.0 /10

    User friendly interface

    Reviewed on 2018/08/15

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

    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.

    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.

    Showing 5 reviews of 45 Read all reviews

    Workday Financial Management FAQs

    Below are some frequently asked questions for Workday Financial Management.

    Workday Financial Management offers the following pricing plans:

    • Starting from:
    • Pricing model: Subscription
    • Free Trial: Not Available

    Contact Workday for detailed pricing information.

    We do not have any information about Workday Financial Management features

    Workday Financial Management has the following typical customers:

    2-10, 11-50, 51-200, 201-500, 501-1 000, 1 001+

    Workday Financial Management supports the following languages:

    English

    Workday Financial Management supports the following devices:

    We do not have any information about what integrations Workday Financial Management has

    Workday Financial Management offers the following support options:

    Email/Help Desk, Knowledge Base, 24/7 (Live rep)

    Related categories

    See all software categories found for Workday Financial Management.