Home/Accounting Software/Workday Financial Management vs ScaleFactorUpdated on: April 18, 2024

Compare Workday Financial Management vs ScaleFactor

91% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
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94% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
Zoho Books
Zoho Books Accounting Software (1112 Ratings)
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91% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
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94% The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read More Remove
Zoho Books

Zoho Books

Accounting Software (1112 Ratings)
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Overview

Summary

Workday Financial Management helps organizations to reduce financial risk in this ever-changing market. The software helps users to focus more on action and analysis and less on transaction processing with its deeper insight into finance management. It assures users the flexibility to adapt to new processes and track changes quickly. The software’s machine learning capability detects anomalies and offers recommendations to make more useful finance business processes. Workday Financial Management automatically transforms data related to business events into accounting, thereby simplifying the accounting processes. Users get maximum control over their companies’ finances by getting details about every transaction. It also helps them to manage risk and monitor compliance. With Workday Financial Management, finance teams can streamline their processes from contract to cash and record to report. The software also assists to create business strategies by continuous planning, analyzing and forecasting market trends, that provide them positive outcomes in the future. ..show more

ScaleFactor analyzes your business finances in real time, alerting you to important insights as soon as they surface. A custom dashboard allows you to track the metrics that matter most to your business—24 hours a day, anywhere in the world. And your traditional financial reports are available on demand, delivered within days of the month’s close. ScaleFactor is a smart finance and accounting platform that enables businesses to operate in real-time with automated bookkeeping, proactive alerts, at-a-glance performance metrics and more. ..show more

Zoho Books is a simple and affordable accounting software that specializes in keeping a detailed track of the cash flow of your business and helping you track your expenses and income. The software also provides you with multi-currency features that is helpful for an organization making transactions in multiple currencies across the globe. Zoho Books also offers professional invoice services along with a tax filing portal that allows you to directly file your returns. The software also provides other accounting services like Bank Reconciliation, and handling your general and accounts, letting you concentrate more on the core activities. ..show more

Features

Accounts Payable Handling the money owed by a business to its suppliers.

Accounts Receivable Handling the money the client owes to the company.

Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement.

Billing and Invoicing This feature helps in issuing and handling the invoice and bills.

CPA Firms Offers collaboration with a professional expert for financial and consulting services.

Cash Management Collection and management of cash.

Collections Recovery of cash from a business or individual.

Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process.

Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence.

General Ledger Maintaining and recording all the accounting related transactions.

Multi-Currency Enables payment and collection in multiple currencies.

Payroll Handling the salary payable to the employees

Project Accounting Creation of financial reports specifically designed to track the financial progress of projects

Purchasing Acquiring goods or services required for the business at minimal cost

Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for

Spend Management Managing the expenditure of a business in order to build its product or services

Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time

TECHNICAL DETAILS

Access Monitoring

24/7 (Live rep)

Business Hours

Online

Contact Number/Address

Pleasanton, California / +1 866-951-9002

Austin, Texas / +1 866-767-9591

Pleasanton, California / +1 844-316-5544

API

N/A

Deployment

SaaS/Web/Cloud

Mobile - Android

Mobile - iOS

Installed - Windows

Installed - Mac

Customers

Individuals

Freelancers

Large Enterprises

Medium Business

Small Business

Pricing

Pricing Model

Free Trial

Freemium

One-time license

Open-source

Subscription

Quotation Based

Plans

Workday Financial Management
Custom

Features

  • A system you can adapt to your needs
  • Intelligent automation optimizes your processes
  • A center to transform data into accounting
  • Always-on auditing for maximum control
  • Accounting and Finance
  • Consolidate and Close
  • Revenue Management
  • Accounting Center
  • Expenses
  • Grants Management
  • Projects
View Price Page
Principal
$399 /Month

$399 per Month billed Annually

Features

  • Cash Accounting Only
  • Integrates with QBO and Xero
  • 24/7 On-demand View of Books
  • Automated Daily Bookkeeping
  • Transactions Classified Daily
  • Bank, Credit Card, Loan and Payroll Reconciliations
  • Annual Tax Depreciation
  • Expert-checked Monthly P&L
  • Expert-checked Monthly Balance Sheet
Principal Plus
$549 /Month

$549 per Month billed Annually

Features

  • Cash or Accrual Accounting
  • Integrates with QBO and Xero
  • 24/7 On-demand View of Books
  • Automated Daily Bookkeeping
  • Transactions Classified Daily
  • Bank, Credit Card, Loan and Payroll Reconciliations
  • Annual Tax Depreciation
  • Expert-checked Monthly P&L
  • Expert-checked Monthly Balance Sheet
  • Record Prepaid Expenses
  • Expert AP/AR Review
  • Comprehensive AR/AP Reporting
Free
Free

<50K USD per annum

For businesses with revenue

Features

  • 1 User + 1 Accountant
  • Manage Clients
  • Manage Invoices (Up to 1,000 per annum)
  • Client Portal
  • Online/Offline Payments
  • Automate Payment Reminders
  • Multi-lingual Invoicing
  • Credit Notes
  • Recurring Invoices
  • Expenses & Mileage Tracking
  • Add Multiple Bank and Credit Card Accounts
  • Import Bank and Credit Card Statements
  • Bank Rules & Reconciliation
  • Chart of Accounts & Sub-accounts
  • Manual Journals
  • Reports
  • Invoice Customization
  • Manage 1099 Contractors
  • Payment Gateways
  • Integrations
    • Zoho Apps
    • Other Apps
  • Support : Email
Standard
$20 /Month

per Organization

Features

  • Invite 3 Users
  • Includes features of Free plan, plus
  • Manage Invoices (Up to 5,000)
  • Recurring Expenses
  • Connect and fetch bank & credit card feeds via bank feeds provider
  • Predefined User Roles
  • Track Project Expenses and Invoice
  • Bulk Updates
  • Transaction Locking
  • Custom Views
  • Custom Fields
  • Reporting Tags
  • Track Sales Tax
  • Payment Gateways
  • Integrations
    • Avalara
    • Zendesk
  • Support : Email, Voice, Chat

Add-ons

  • Users (Add an additional user) : $3 per User per Month
  • Advanced Autoscans : $10 (50 Scans per month)
  • Snail Mails : $2 per credit
Professional
$50 /Month

per Organization

Features

  • Invite 5 Users
  • Includes features of Standard plan, plus
  • Sales Approval
  • Retainer Invoices
  • Bills
  • Payments Made
  • Vendor Credits
  • Recurring Bills
  • Sales Orders
  • Purchase Orders
  • Purchase Approval
  • Multi-currency Handling
  • Automatic Exchange Rates
  • Currency Adjustments
  • Stock Tracking
  • Price Lists
  • Landed Costs
  • Custom Roles
  • Time tracking and billing
  • Timesheet Approvals
  • Timesheet - Client Approvals
  • Retainer Invoices for Projects
  • Project Profitability
  • Journal Templates
  • Recurring Journals
  • Workflow Rules (Up to 10)
  • Email Alerts
  • In-app Notifications
  • Field Updates
  • Support : Email, Voice, Chat
  • Includes features of Add-ons
Premium
$70 /Month

per Organization

Features

  • Invite 10 Users
  • Includes features of Professional plan, plus
  • Custom Domain
  • Vendor Portal
  • Budgeting
  • Custom Buttons
  • Validation Rules
  • Related Lists
  • WebTabs
  • Custom Functions
  • Custom Schedulers
  • Webhooks
  • Workflow Rules (Up to 200)
  • Integrations
    • Zoho Sign
    • Twilio
  • Support : Email, Voice, Chat
  • Includes features of Add-ons
Elite
$150 /Month

$120 Per Organization/Month/Billed Annually

$150 Per Organization/Month/Billed Annually

Features

  • Invite 10 Users
  • Includes everything in Premium +
  • Unlimited Custom Reports
  • Multi-currency Transactions for Each Contact

Advanced Inventory Control

  • Integrate Shopify Stores (Up to 2 stores)
  • Warehouse Management (Up to 5 warehouses)
  • Serial Number Tracking
  • Batch Tracking
  • Print Shipping Label
  • Shipment Tracking

Support

  • Email, Voice, Chat
View Price Page

SCREENSHOTS

Workday Financial Management Screenshots
ScaleFactor Screenshots
Zoho Books Screenshots
View 1 screenshot(s)

ALTERNATIVES

Top alternatives to Workday Financial Management

Quickbooks
Quickbooks
Freshbooks
Freshbooks
Xero
Xero
Wave
Wave
FreeAgent
FreeAgent

Top alternatives to ScaleFactor

Quickbooks
Quickbooks
Freshbooks
Freshbooks
Xero
Xero
Wave
Wave
FreeAgent
FreeAgent