Workday Financial Management Pricing, Reviews and Features (April 2024)

About Workday Financial Management

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.

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Pricing

Free Trial Not Available
Workday Financial Management Offers Custom plan.
View Detailed Pricing

SW Score Breakdown The SW Score breakdown shows individual score for product features.Read more

Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

100%
Reviews

77%
Momentum

60%
Popularity

63%

Platforms Supported

Browser Based (Cloud)

Organization Types Supported

All (Small, Medium, Large)

API Support

NA

Modes of Support

24/7 (Live rep), Online

Workday Financial Management Awards

# 17 Highly Rated Accounting Software
Q2 2021

Workday Financial Management Features

Show Feature Explanation

Show Missing Features

Accounting Features

Features: The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more

100%

Tax Management

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

Spend Management

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

Revenue Recognition

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

Purchasing

Acquiring goods or services required for the business at minimal cost

Project Accounting

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

Payroll

Handling the salary payable to the employees

Multi-Currency

Enables payment and collection in multiple currencies.

General Ledger

Maintaining and recording all the accounting related transactions.

Fixed Asset Management

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

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.

CPA Firms

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

Collections

Recovery of cash from a business or individual.

Cash Management

Collection and management of cash.

Billing and Invoicing

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

Bank Reconciliation

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

Accounts Receivable

Handling the money the client owes to the company.

Accounts Payable

Handling the money owed by a business to its suppliers.

Workday Financial Management Pricing

Free Trial

Not available

Pricing Options

Premium Plans ( Quotation Based )

Pricing 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

Disclaimer: The pricing details were last updated on 12/12/2018 from the vendor website and may be different from actual. Please confirm with the vendor website before purchasing.

Learn more about Workday Financial Management Pricing.

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Workday Financial Management Reviews

User Rating

3.7/5 (Based on 311 Ratings)

Ratings Distribution

Excellent
34.4%
Very Good
33.4%
Average
12.2%
Poor
2.9%
Terrible
17%

Do You Use Workday Financial Management?

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Review Summary

Workday Financial Management is lauded for its strong financial reporting capabilities, intuitive user interface, and ability to handle complex business processes. Reviewers appreciate its robust budgeting and planning features, revenue recognition compliance, and real-time reporting. However, some users have experienced challenges with report customization, data integration, and occasional system outages. Overall, Workday Financial Management is a comprehensive solution that offers a wide range of features and functionality for midsize to large organizations.

Pros

Streamlined financial processes: Workday Financial Management offers a centralized platform for managing all financial operations, providing realtime visibility and control.
Robust reporting and analytics: The platform provides comprehensive reporting and analytics capabilities, enabling businesses to make datadriven decisions and gain insights into financial performance.

Cons

High cost: Workday Financial Management is a premium solution, and its implementation and maintenance costs can be substantial, especially for small businesses.
Limited customization: While Workday offers some customization options, it may not be enough for businesses with unique or complex financial requirements.

Workday Financial Management User Reviews

AI-Generated from the text of User Reviews