Workday Financial

Fresh approach to financial management

4.3 /5 (42 reviews) Write a Review!

Workday Financial Overview

What is Workday Financial?

The 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 office.

Workday Financial Management comes in an array of different scalable packages with different levels of online and offline support.

Workday Financial Overview

Pricing

Starting from
N/A

Pricing options

Free Trial
Subscription
Value for money

Contact Workday for detailed pricing information.


Workday Financial Features

Devices
Business size
S M L
Markets
United States, Canada
Supported Languages
English

Media

Workday Financial Management - Net Income
Workday Financial Management - Chart
Workday Financial Management - Revenue
Workday Financial Management - Report
Workday Financial Management - Potential
Workday Financial Management - Business Asset
Workday Financial Management - Mobile
Workday Financial Management - Business
Workday Financial Management - Assets
Workday Financial Management - Expense management
Workday Financial video Workday Financial screenshot: Workday Financial Management - Net Income Workday Financial screenshot: Workday Financial Management - Chart Workday Financial screenshot: Workday Financial Management - Revenue Workday Financial screenshot: Workday Financial Management - Report Workday Financial screenshot: Workday Financial Management - Potential Workday Financial screenshot: Workday Financial Management - Business Asset Workday Financial screenshot: Workday Financial Management - Mobile Workday Financial screenshot: Workday Financial Management - Business Workday Financial screenshot: Workday Financial Management - Assets Workday Financial screenshot: Workday Financial Management - Expense management

Workday Financial Reviews

Workday Financial Reviews

Overall rating
4.3
/
5
Excellent
21

Very good
17

Average
2

Poor
1

Terrible
1

Value for Money
4.3
Features
4.4
Ease of Use
4
Customer Support
4.5
90% recommended this app
Verified Reviewer

Workday for Office Life

We love workday. It is so simple and really streamlines the work process between employees and employers.


Verified Reviewer

Workday Financials Review

Pretty good, however the points addressed as dislikes should be addressed as it would make workday more robust


Rachel S.

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.


Karla C.

Very practical and easy to use.

It's a great product and gets the job done.


Verified Reviewer

User friendly interface

Workday Financials gave us much needed reporting capabilities that we weren't getting from other software. The fact that it integrates with our HRM system makes it easier to drill into certain data sets. Adding attachments to invoices and journal entries has essentially turned us into a paperless office.


Verified Reviewer
Industry: Sports
Company size: 11-50 Employees

Workday for Office Life

Used Daily for 1+ year
Reviewed on 9/04/2020
Review Source: Capterra

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.

Rating breakdown

Ease of Use

Likelihood to recommend: 9.0/10

Verified Reviewer
Industry: Accounting
Company size: 5,001-10,000 Employees

Workday Financials Review

Used Daily for 2+ years
Reviewed on 6/12/2019
Review Source: Capterra

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

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 8.0/10

Rachel S.
Industry: Insurance
Company size: 5,001-10,000 Employees

Workday Review

Used Daily for 2+ years
Reviewed on 29/10/2018
Review Source: Capterra

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.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 4.0/10

Karla C.
Industry: Financial Services
Company size: 1,001-5,000 Employees

Very practical and easy to use.

Used Weekly for 2+ years
Reviewed on 9/07/2020
Review Source: Capterra

It's a great product and gets the job done.

Pros

I love how user friendly it is. You can find anything and everything with ease.

Cons

Can't think of any major complaints besides the goal setting portion which is hard to walk thru.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend: 10.0/10

Verified Reviewer
Industry: Automotive
Company size: 10,000+ Employees

User friendly interface

Used Daily for 1+ year
Reviewed on 15/08/2018
Review Source: Capterra

Workday Financials gave us much needed reporting capabilities that we weren't getting from other software. The fact that it integrates with our HRM system makes it easier to drill into certain data sets. Adding attachments to invoices and journal entries has essentially turned us into a paperless office.

Pros

Workday Financials is user friendly and has some great reporting capabilities. The interface looks fresh and it's easy to navigate. Each new release adds additional utility. The Workday Community is a great tool to post ideas and get real world advice from other companies experiencing the same issues.

Cons

Workday runs slow sometimes, especially on days when we're loading payroll and there's a lot of data going through the system. Sometimes Workday gives cryptic and seemingly random error messages.

Rating breakdown

Ease of Use

Likelihood to recommend: 7.0/10

User recommendation
8.3/10
Based on 42 user ratings
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Workday Financial Pricing

Workday Financial Pricing

Starting from
N/A
Free Trial
Subscription
Value for money

Contact Workday for detailed pricing information.

Contact Workday for detailed pricing information.

Value for Money
4.3/5
Based on 42 user ratings
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Workday Financial Features

Workday Financial Features

API
Accounting Integration
Accounting Management
Activity Dashboard
Audit Trail
Automatic Notifications
Billing & Invoicing
Compliance Management
Customisable Reporting
Data Import/Export
Electronic Payments
Expense Tracking
Financial Analysis
Invoice Management
Invoice Processing
Multi-Currency
Real Time Data
Reporting & Statistics
Third Party Integration
Workflow Management
Features
4.4/5
Based on 42 user ratings
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Categories

Additional information for Workday Financial

Additional information for Workday Financial

Key features of Workday Financial

  • Accounting and finance
  • Asset lifecycle management
  • Attach comments
  • Automatically reconcile bank statements
  • Business assets
  • Centralized business management
  • Country-specific configurations
  • Custom reports
  • Expenses
  • Financial reports
  • Full audit reports
  • Grants management
  • Inventory
  • Invoicing
  • Key metrics
  • Language translations
  • Manage your asset roster
  • Management reporting
  • Mobile friendly
  • Monitor processes and workflows
  • Multientity, multibook, and multicurrency
  • Online support
  • Procurement
  • Project management
  • Purchase orders
  • Real time spend analytics
  • Real-time business insights
  • Revenue management
  • Revenue recognition
  • Security access policies
  • Security and support compliance
  • Status indicators
  • Track and manage bank accounts
  • Workflow management

Benefits

  • 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 an 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 businesses 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.

  • Workday Financial FAQs

    Workday Financial FAQs

    Below are some frequently asked questions for Workday Financial.

    Q. What type of pricing plans does Workday Financial offer?

    Workday Financial offers the following pricing plans:

    Pricing model: Subscription

    Free Trial: Available

    Contact Workday for detailed pricing information.

    Q. What are the main features of Workday Financial?

    Workday Financial offers the following features:

    • Accounting and finance
    • Asset lifecycle management
    • Attach comments
    • Automatically reconcile bank statements
    • Business assets
    • Centralized business management
    • Country-specific configurations
    • Custom reports
    • Expenses
    • Financial reports
    • Full audit reports
    • Grants management
    • Inventory
    • Invoicing
    • Key metrics
    • Language translations
    • Manage your asset roster
    • Management reporting
    • Mobile friendly
    • Monitor processes and workflows
    • Multientity, multibook, and multicurrency
    • Online support
    • Procurement
    • Project management
    • Purchase orders
    • Real time spend analytics
    • Real-time business insights
    • Revenue management
    • Revenue recognition
    • Security access policies
    • Security and support compliance
    • Status indicators
    • Track and manage bank accounts
    • Workflow management

    Q. Who are the typical users of Workday Financial?

    Workday Financial has the following typical customers:

    Small Business, Large Enterprises, Mid Size Business

    Q. What languages does Workday Financial support?

    Workday Financial supports the following languages:

    English

    Q. What type of pricing plans does Workday Financial offer?

    Workday Financial has the following pricing plans:

    Subscription

    Q. Does Workday Financial support mobile devices?

    Workday Financial supports the following devices:

    Android, iPhone, iPad

    Q. What other apps does Workday Financial integrate with?

    Workday Financial integrates with the following applications:

    Betterworks, Expensya, K3, Quick Base, SAP Concur, Spreadsheet Server, Workato

    Q. What level of support does Workday Financial offer?

    Workday Financial offers the following support options:

    Knowledge Base, Online Support, Video Tutorials