Who Uses This Software?

Any organization looking for a financial management system that provides unparalleled insight and a state-of-the-art foundation for transactional efficiency and control.

Average Ratings

37 reviews
  • Overall 4.3/5
  • Ease of Use 4/5
  • Customer Service 4.5/5
  • Features 4.3/5
  • Value for Money 4.3/5

Product Details

  • Free Version No
  • Free Trial Yes
  • Deployment Cloud, SaaS, Web
  • Training In Person
    Live Online
    Webinars
    Documentation
  • Support 24/7 (Live Rep)

Vendor Details

  • Workday
  • http://www.workday1.com
  • Founded 2005

About Workday Financial Management

By combining transactions, accounting, analytics, and always on audit in one system, Workday empowers decision-makers with in-the-moment and on-the-go financial and business insight they can act upon.

Workday Financial Management Features

  • 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
  • 1099 Preparation
  • Aging Tracking
  • Approval Process Control
  • Cash Management
  • Check Writing
  • Data Extraction
  • Duplicate Payment Alert
  • Electronic Funds Transfer
  • Fraud Detection
  • Invoice Processing
  • PO Reconciliation
  • Recurring Payments
  • Vendor Management
  • ACH Payment Processing
  • Aging Tracking
  • Billing & Invoicing
  • Check Processing
  • Collections Management
  • Customer Statements
  • Online Payment Processing
  • Overpayment Processing
  • Partial Payments
  • Receivables Ledger
  • Recurring Billing
  • CRM
  • Distribution Management
  • Enterprise Asset Management
  • Financial Management
  • HR Management
  • Inventory Management
  • Order Management
  • Project Management
  • Purchase Order Management
  • Reporting/Analytics
  • Supply Chain Management
  • Warehouse 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
  • Billing & Invoicing
  • CRM
  • Client Portal
  • Collaboration Tools
  • Document Management
  • Portfolio Management
  • Project Management
  • Proposal Generation
  • Quote Management
  • Resource Management
  • Time & Expense Tracking
  • Competitor Analysis
  • Dynamic Pricing
  • For Airlines
  • For Hospitality Industry
  • Forecasting
  • Inventory Control
  • Price Optimisation
  • Recommendation Engine
  • Yield Management

Workday Financial Management Most Helpful Reviews

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

Reviewed on 13/04/2018
Verified Reviewer
Asistente de cocina
Used the Software for: 6-12 months
Reviewer Source 
5/5
Overall
5/5
Ease of Use
5/5
Features & Functionality
5/5
Customer Support
5/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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.

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.

Workday Financials Review

Reviewed on 06/12/2019
Verified Reviewer
Workday Grant Administrator
Accounting, 5,001-10,000 Employees
Used the Software for: 2+ years
Reviewer Source 
4/5
Overall
3/5
Ease of Use
5/5
Features & Functionality
5/5
Customer Support
5/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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

Most Intuitive Yet

Reviewed on 30/12/2019
Walker E.
Aircraft Maintenance Technician
Airlines/Aviation, 5,001-10,000 Employees
Used the Software for: 1+ year
Reviewer Source 
5/5
Overall
4/5
Ease of Use
5/5
Features & Functionality
5/5
Customer Support
5/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: Workday has been the most enjoyable experience in my career. Nobody likes to fiddle around with software that looks outdated and glitchy when they’re dealing with their paycheck.

Pros: This has been the most intuitive software for entering payroll information and altering personal information for payroll as well. We’ve never had an issue with Workday and plan on using it forever!

Cons: The only difficult thing to figure out is how many hours you have for the week. Sometimes when you have holiday hours or vacation hours it’s hard to tell how many hours you actually have for the week without submitting it.

Workday Review

Reviewed on 29/10/2018
Rachel S.
Proposal Analyst
Insurance, 5,001-10,000 Employees
Used the Software for: 2+ years
Reviewer Source 
3/5
Overall
2/5
Ease of Use
3/5
Features & Functionality
3/5
Customer Support
3/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Comments: 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.

Workday Makes Your Workday Easier

Reviewed on 03/08/2019
Verified Reviewer
Consultant
Financial Services, Self Employed
Used the Software for: 2+ years
Reviewer Source 
4/5
Overall
4/5
Ease of Use
5/5
Features & Functionality
4/5
Customer Support
4/5
Value for Money
Likelihood to Recommend:
Not Likely Extremely Likely

Pros: Implementation was easy and adoption of the program happened quicker than normal from other programs.

Cons: Customer Service representatives could be friendlier.

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