Workday Financial Management

Workday Financial Management

A fresh approach to financial management.

About Workday Financial Management

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 the 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 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 business's 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.


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Not sure about Workday Financial Management? Compare with a popular alternative

Workday Financial Management

4.4 (65)
VS.
Most reviewed

Starting Price

US$1.00
year
£406.00
year

Pricing Options

Free version
Free trial
Free version
Free trial

Features

128
348

Integrations

No integrations found
13

Ease of Use

4.1 (65)
3.8 (1,467)

Value for Money

4.2 (65)
3.8 (1,467)

Customer Service

4.3 (65)
3.7 (1,467)
Green rating bars show the winning product based on the average rating and number of reviews.

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Reviews

Overall rating

4.4 /5
(65)
Value for Money
4.2/5
Features
4.4/5
Ease of Use
4.1/5
Customer Support
4.3/5

Already have Workday Financial Management?

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

Showing 5 reviews of 65
Verified Reviewer
Overall rating
  • Industry: Information Technology & Services
  • Company size: 501–1,000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Best cloud based financial management system

Reviewed on 13/03/2022

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.

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 06/12/2019

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

Rachel
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 29/10/2018

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.

Christina
Overall rating
  • Industry: Education Management
  • Company size: 1,001–5,000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 8.0 /10

Workday

Reviewed on 03/11/2023

Pros

Easy to find transactions, sort, and filter

Cons

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

Verified Reviewer
Overall rating
  • Industry: Higher Education
  • Company size: 10,000+ Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

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

Slow and Not User Friendly

Reviewed on 05/04/2022

Accessing the specific reports is difficult as the user is required to remember several abbreviated...

Accessing the specific reports is difficult as the user is required to remember several abbreviated name strings (fin acc manage...). When finally accessing the correct report, Workday is slow to load the report and a pop-up typically appears asking if the user would like to be notified when the report is available.

Pros

Some of the budget management reports allow users to drill down into specific line items/ spend categories. This feature is great for a quick refresher of recent expenses.

Cons

There are too many separate reports acting as silos. This often makes it difficult to see the full financial picture without multiple tabs or Excel downloads.

Showing 5 reviews of 65 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: US$1.00/year
  • Pricing model: Subscription
  • Free Trial: Not Available

Contact Workday for detailed pricing information.

Workday Financial Management has the following typical customers:

2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000

Workday Financial Management supports the following languages:

English, French, German, Italian, Spanish

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, Phone Support, 24/7 (Live rep)

Related categories

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