Workday Financial

Workday Financial

Fresh approach to financial management

4.3/5 (32 reviews)

Workday Financial Overview

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.

Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Canada, United States

Supported Languages

English

Workday Financial Reviews

Overall rating
4.3/5
88% positive reviews
17
Excellent
11
Very good
2
Average
1
Poor
1
Terrible
Verified Reviewer

User friendly interface

Used Daily for 1+ year
Reviewed on 2018/08/15
Review Source: Capterra

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.

Rating breakdown

Ease of Use

Likelihood to recommend

7.0/10
Kelli T.

Workaround

Used Daily for 1+ year
Reviewed on 2016/11/03
Review Source: Capterra

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.

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
Customer Support

Likelihood to recommend

7.0/10
Minela K.

Best system for the workplace

Used Daily for 2+ years
Reviewed on 2018/12/04
Review Source: Capterra

I keep a track of everything work related on workday. It is my starting and end point

Pros

Workday is all encompassing. 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. Incredibly user friendly

Cons

There are no cons that I have encountered

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Gaurav paras S.

Awesome tool to manage finance in-house

Used Daily for 2+ years
Reviewed on 2017/05/09
Review Source: Capterra

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

Rating breakdown

Value for Money
Ease of Use
Customer Support

Vanessa M.

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

Used Daily for 1+ year
Reviewed on 2018/02/08
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Workday Financial Pricing

Starting from
N/A
Pricing options
Free Trial
Subscription
Value for money

Contact Workday for detailed pricing information.

Workday Financial Features

  • Accounting Management
  • Billing & Invoicing
  • Customizable Reporting
  • Financial Analysis
  • Invoice Management
  • Invoice Processing
  • Real Time Data
  • Reporting & Statistics
  • Workflow Management

  • API
  • Accounting Integration
  • Activity Dashboard
  • Auditing
  • Automatic Notifications
  • Compliance Management
  • Data Import/Export
  • Electronic Payments
  • Expense Tracking
  • Multi-Currency
  • Third Party Integration

Additional information for Workday Financial

Key features of Workday Financial

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

Benefits

  • 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.

  • Workday Financial FAQs

    Below are some frequently asked questions for Workday Financial.

    Q. What type of pricing plans does Workday Financial offer?

    Workday Financial offers the following pricing plans:

    Pricing model: Subscription

    Free Trial: Available

    Contact Workday for detailed pricing information.

    Q. What are the main features of Workday Financial?

    Workday Financial offers the following features:

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

    Q. Who are the typical users of Workday Financial?

    Workday Financial has the following typical customers:

    Large Enterprises, Mid Size Business, Small Business

    Q. What languages does Workday Financial support?

    Workday Financial supports the following languages:

    English

    Q. What type of pricing plans does Workday Financial offer?

    Workday Financial has the following pricing plans:

    Subscription

    Q. Does Workday Financial support mobile devices?

    Workday Financial supports the following devices:

    Android, iPhone, iPad

    Q. What other apps does Workday Financial integrate with?

    Workday Financial integrates with the following applications:

    Betterworks, ClearView CRM, Expensify, K3, ProLease Maintenance, SAP Concur, Workato

    Q. What level of support does Workday Financial offer?

    Workday Financial offers the following support options:

    Knowledge Base, Online Support, Video Tutorials