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Workday Financial Management

Workday Financial Management

What is Workday Financial Management?

Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial management, human capital management, planning, and analytics applications designed for the world’s largest companies, educational institutions, and government agencies. Organizations ranging from medium-sized businesses to Fortune 50 enterprises have selected Workday.

Who Uses Workday Financial Management?

Workday Financial Management is designed to help CFOs of companies of all sizes lead their finance practice with deeper insights, less manual work, and greater agility.

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Reviews of Workday Financial Management

Average score

Overall
4.4
Ease of Use
4.1
Customer Service
4.3
Features
4.4
Value for Money
4.2

Reviews by company size (employees)

  • <50
  • 51-200
  • 201-1,000
  • >1,001
Verified Reviewer
Verified LinkedIn User
Information Technology & Services, 501–1,000 Employees
Used the Software for: 2+ years
Reviewer Source

Best cloud based financial management system

5.0 2 years ago

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
Verified LinkedIn User
Accounting, 5,001–10,000 Employees
Used the Software for: 2+ years
Reviewer Source

Workday Financials Review

4.0 5 years ago

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

Rachel
Proposal Analyst in US
Insurance, 5,001–10,000 Employees
Used the Software for: 2+ years
Reviewer Source

Workday Review

3.0 6 years ago

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.

Christina
Accounts Receivable in US
Education Management, 1,001–5,000 Employees
Used the Software for: 2+ years
Reviewer Source

Workday

5.0 8 months ago

Pros:

Easy to find transactions, sort, and filter

Cons:

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

Verified Reviewer
Verified LinkedIn User
Sports, 11–50 Employees
Used the Software for: 1+ year
Reviewer Source

Workday for Office Life

5.0 4 years ago

Comments: 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.