About Workday Financial Management
Workday Financial Management pricing
Workday Financial Management does not have a free version and does not offer a free trial.
Alternatives to Workday Financial Management
Workday Financial Management Reviews
Feature rating
- Industry: Information Technology & Services
- Company size: 501-1,000 Employees
- Used Daily for 2+ years
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Review Source
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.
- Industry: Accounting
- Company size: 5,001-10,000 Employees
- Used Daily for 2+ years
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Review Source
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
- Industry: Computer Software
- Company size: Self Employed
- Used Daily for 1+ year
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Review Source
Workday Financial Management Review
Workday Financial Management integrates seamlessly with other Workday products, such as HCM and PPM. The software has great reporting capabilities. In addition, the software offers a range of security and compliance features in terms of data encryption and two-factor authentication, which help to provide greater security for sensitive information about your business operations.
Pros
The software is intuitive to use and I was able to create reports easily once I understand how the system works.
Cons
There is a learning curve to using the software when creating hierarchies for your chart of accounts before you can effectively create useful reports.
- Industry: Insurance
- Company size: 5,001-10,000 Employees
- Used Daily for 2+ years
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Review Source
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.
- Industry: Higher Education
- Company size: 10,000+ Employees
- Used Daily for 2+ years
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Review Source
Slow and Not User Friendly
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.
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