Workday Financial Management

RATING:

4.4

(67)

About Workday Financial Management

Workday Financial Management is a single cloud-based solution that assists global businesses of all sizes in a variety of industry verticals with financial planning, accounting, and transactions. Workday delivers user and administrative tools across financials, HR, planning, talent, payroll, analytics, student, and more from a single system. Workday’s Financial Management solutions include accounting and finance, revenue management, reporting and analytics, consolidating and closing, revenue management, accounting center, financial planning, expenses, procurement, and project accounting. Audit tools, inventory management, and grants management are also included. The Prism Analytics module allows users to upload data from other software solutions to create consolidated ...

Workday Financial Management Pricing

Contact Workday for detailed pricing information.

Starting price: 

$1.00 per year

Free trial: 

Not Available

Free version: 

Not Available

Workday Financial Management financial executive scorecard
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Workday Financial Management Reviews

Overall Rating

4.4

Ratings Breakdown

Secondary Ratings

Ease-of-use

4

Customer Support

4.5

Value for money

4

Functionality

4.5

Most Helpful Reviews for Workday Financial Management

1 - 5 of 65 Reviews

Anonymous

501-1,000 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed March 2022

Best cloud based financial management system

PROS

Easy to develop reports and less coding for developing integrations. User Interface is very good and dashboards are easy to develop and deploy

CONS

It won't allow much customization on the existing pages.

Reasons for switching to Workday Financial Management

Since it's cloud based

Anonymous

5,001-10,000 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

4

EASE OF USE

3

VALUE FOR MONEY

5

CUSTOMER SUPPORT

5

FUNCTIONALITY

5

Reviewed December 2019

Workday Financials Review

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

Reasons for switching to Workday Financial Management

The old system was archaic and no longer able to be supported

Rachel

Insurance, 5,001-10,000 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

3

EASE OF USE

2

VALUE FOR MONEY

3

CUSTOMER SUPPORT

3

FUNCTIONALITY

3

Reviewed October 2018

Workday Review

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.

Christina

Education Management, 1,001-5,000 employees

Used daily for more than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

FUNCTIONALITY

5

Reviewed November 2023

Workday

PROS

Easy to find transactions, sort, and filter

CONS

Lots of irrelevant data fields crowd the page. Difficulty knowing which do use.

Reasons for switching to Workday Financial Management

Management decisions. I was not involved in the decision.

Anonymous

11-50 employees

Used daily for less than 2 years

Review Source: Capterra
This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.

OVERALL RATING:

5

EASE OF USE

5

FUNCTIONALITY

5

Reviewed April 2020

Workday for Office Life

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.

Reasons for switching to Workday Financial Management

Streamlining all of our different services into one easy place, instead of a bunch of different sites.