Best Software for 2025 is now live!
Save to My Lists
Paid
Claimed

Workday Financial Management Reviews & Product Details

Workday Financial Management Overview

What is Workday Financial Management?

Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using an in-memory architecture and object data model, Workday has delivered a single system that supports transaction processing, multidimensional reporting, consolidation, planning, and compliance—all using a consistent user experience accessible from desktop or mobile devices. Key feature areas: Accounting and Finance Audit and Internal Controls Revenue Management Reporting and Analytics Global Financial Reporting and Consolidation Financial Planning Projects Expenses Procurement Inventory Grants Management Project Billing

Workday Financial Management Details
Product Website
Languages Supported
German, English, French, Italian, Japanese, Portuguese, Spanish, Chinese (Simplified)
Show LessShow More
Product Description

Workday Financial Management is built on an adaptive, global foundation that provides organizations with the core financial management capabilities expected from a cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using in-memory and an object data model, Workday has delivered a single system that supports transaction processing, multidimensional reporting, consolidation, planning, and compliance—all using a consistent user experience accessible from desktop or mobile devices.


Seller Details
Seller
Workday
Company Website
Year Founded
2005
HQ Location
Pleasanton, CA
Twitter
@Workday
52,296 Twitter followers
LinkedIn® Page
www.linkedin.com
23,580 employees on LinkedIn®
Ownership
NYSE:WDAY
Phone
(925) 951-9000
Total Revenue (USD mm)
$4,318
Description

Workday helps organizations manage their most important assets – their people and money. Workday is built with AI at the core to enhance outputs for its more than 10,500 global customers – from SMBs looking to accelerate growth to 60% of the Fortune 500.


EM
Overview Provided by:

Recent Workday Financial Management Reviews

Verified User
U
Verified UserMid-Market (51-1000 emp.)
4.0 out of 5
"Easy to use no matter what technical prowess you have"
It's helpful that the UI is so easy to navigate and it's labeled very well, removing a lot of stress of hidden menus
Wesley G.
WG
Wesley G.Enterprise (> 1000 emp.)
5.0 out of 5
"Workday is a great tool and worth the investment"
Workday has been essential in company wide consolidated financial accounting.
Nupur J.
NJ
Nupur J.Enterprise (> 1000 emp.)
4.0 out of 5
"financial employee data help me creating dashboard and report for employee head count reportings"
Autmated report reminders and ease of use .
Security Badge
This seller hasn't added their security information yet. Let them know that you'd like them to add it.
0 people requested security information
Answer a few questions to help the Workday Financial Management community
Have you used Workday Financial Management before?
Yes

160 Workday Financial Management Reviews

4.0 out of 5
The next elements are filters and will change the displayed results once they are selected.
Search reviews
Popular Mentions
The next elements are radio elements and sort the displayed results by the item selected and will update the results displayed.
Hide FiltersMore Filters
The next elements are filters and will change the displayed results once they are selected.
The next elements are filters and will change the displayed results once they are selected.
160 Workday Financial Management Reviews
4.0 out of 5
160 Workday Financial Management Reviews
4.0 out of 5

Workday Financial Management Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Workday Financial ManagementQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
Log In
Want to see more insights from verified reviewers?
Log in to view review sentiment.
G2 reviews are authentic and verified.
Verified User in Computer Software
UC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
Products used within Workday: Workday HCM, Workday Financial Management
What do you like best about Workday?

It's a SaaS tool that is well integrated into modern toolchains (e.g., Slack). Review collected by and hosted on G2.com.

What do you dislike about Workday?

After working with the tool for more than two years, I still struggle to navigate to what I'm looking for. The structure and usability do not support me in getting my things done. Without the shortcuts I've saved after finding the most essential features, I would be lost.

In general, Workday's usability is lacking compared to other tools. For example, why do I have to select each day when planning an absence? Selecting a rand by picking the first and last day would be more convenient. There are multiple of these little things that make Workday challenging to use. Review collected by and hosted on G2.com.

What problems is Workday solving and how is that benefiting you?

Workday is rather causing problems than helping to solve them. Please make the every day tasks easier to accomplish with less clicks. Review collected by and hosted on G2.com.

Tamia  E.
TE
Project Coordinator
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Workday Financial Management?

What I like best about Workday Financial Management is its intuitive and user-friendly interface. It seamlessly integrates various financial processes into one platform, making tasks like budgeting, reporting, and accounting more efficient. The real-time data and analytics provide valuable insights, helping to make informed decisions quickly. Plus, the flexibility and scalability of the system allow it to adapt to changing business needs, which is crucial for long-term growth. Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

One thing I dislike about Workday Financial Management is the complexity of its initial setup and configuration. While the platform is powerful and comprehensive, getting everything customized to fit specific business needs can be time-consuming and requires a good deal of expertise. Additionally, the learning curve for new users can be steep, especially for those unfamiliar with the system, which might slow down the onboarding process. Review collected by and hosted on G2.com.

What problems is Workday Financial Management solving and how is that benefiting you?

Workday Financial Management is solving the problem of disjointed and inefficient financial processes by bringing everything into a single, integrated platform. This helps streamline tasks like financial reporting, budgeting, and accounting, which used to be time-consuming and prone to errors when handled across multiple systems. By having real-time access to financial data and insights, I can make more informed decisions quickly, which improves overall financial management and planning. The automation of routine tasks also reduces the workload, freeing up time to focus on more strategic activities. Overall, it's making my job easier and more efficient. Review collected by and hosted on G2.com.

WG
Regional Controller
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Workday?

Workday is an extremely User Friendly and versatile ERP system. With a few upgrades to the base system we've found this to be our one time shop for all things ERP, Consolidated Financials and, HR Platform. Review collected by and hosted on G2.com.

What do you dislike about Workday?

Although it is a great overall producut. There is still a goo investment in time, money, and training for the whole staff. once it's up and running it's off and going though. Review collected by and hosted on G2.com.

What problems is Workday solving and how is that benefiting you?

Workday is currently working as our Corporate Financial ERP system that all other AMFRS systems are consolidated into. We also use the Workday HCM function that houses all of our Time cards, HR, and Payroll systems in one place. Review collected by and hosted on G2.com.

Wesley G.
WG
Regional Financial Controller
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
(Original )Information
What do you like best about Workday Financial Management?

Workday has been essential in company wide consolidated financial accounting. Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

The cost of setup and the training was substantial. Review collected by and hosted on G2.com.

What problems is Workday Financial Management solving and how is that benefiting you?

We use Workday in many functions but our primary purpose is consolidated financials. Review collected by and hosted on G2.com.

Punnareddy p.
PP
Senior Software Engineer
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile
What do you like best about Workday?

Workday is one site with in it we have multiple Apps to use, Submitting time sheet is easy way and also Completing the Required training from my learning on time with in due date, able to see compensation data and apprisal history. Review collected by and hosted on G2.com.

What do you dislike about Workday?

Nothing Much but as we have many apps to use in single site, site shows little complicated Review collected by and hosted on G2.com.

What problems is Workday solving and how is that benefiting you?

As per my usage, Workday solved the problems related to Time sheet entries,Talent management, Payroll related, Leave Management. for all the employee day to day activities related applications are available as in built to use. Review collected by and hosted on G2.com.

Verified User in Financial Services
UF
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Workday Financial Management?

I like that I can easily manage my cost center using the Adaptive tools, I can monitor the budget, I appreciate that I make edits in projections when needed. I love how the projected budget rolls over into the following year, and I only need to make edits as necessary rather than "recreating the wheel." Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

The only issue I have is the ability to "drive down" in certain aspects of the sheets. Review collected by and hosted on G2.com.

What problems is Workday Financial Management solving and how is that benefiting you?

The implementation of managing the budget and cost center using Workday has been revolutionizing. This program is easy to use, intuitive, and brilliant when it comes to time management. Review collected by and hosted on G2.com.

RS
Assistant Manager OTC
Enterprise(> 1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Workday Financial Management?

Ease of access with instruction based UI and rules processing. Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

Limitation in aspects of SOX and controls being put in multiple places creating sync issues Review collected by and hosted on G2.com.

What problems is Workday Financial Management solving and how is that benefiting you?

Accounting and Billing integration on cliet basis with overall workflow management Review collected by and hosted on G2.com.

Verified User in Mental Health Care
UM
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Workday?

I like that this is a very intuitive, easy-to-use system that can be easily integrated with other systems. In Workday, we use various subsystems, like Expense Management, where you can see the end-to-end process of Expense reports with all attachments and audit trails. Also, we use Banking Integraytons, where the team can reconcile all banking transactions with banking feeds loaded from the bank daily. Also, we like that every document can be printed in PDF for audit purposes, and you can see the time stamp when the transaction was completed. Review collected by and hosted on G2.com.

What do you dislike about Workday?

As Workday is a cloud-based solution, you need to remember to save drafts of documents (like manual journal entries or so), as if you do not, the system will not save any changes for you, and you will need to re-do everything from the beginning. Review collected by and hosted on G2.com.

What problems is Workday solving and how is that benefiting you?

We have one ERP system that combines HR, Finance, and Accounting modules, billing, expense management, and data storage where you can easily retrieve any attachment for audit purposes. Review collected by and hosted on G2.com.

Saurav S.
SS
Digital Marketing Specialist
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Workday?

Workday is one of the best cloud-based employee management portals I have come across. It has one of the easiest to use platform with an amazing user interface. Workday is a complete human resources management system where you can manage employees' personal as well as professional information. I use it minimum 3 times a week. Review collected by and hosted on G2.com.

What do you dislike about Workday?

I have been using it for now 3 months and have not encountered any issues. Review collected by and hosted on G2.com.

What problems is Workday solving and how is that benefiting you?

With workday I have been able to update all my personal information like address, phone number, as well as my professional information like my work experience, skill set, etc. This information can be accessed by almost anyone at the organization making it easier for everyone. Workday also has a mobile app which makes it easier to be connected. It helps me a lot with my logins & reviews while also helping me in tracking and managing my payroll. Review collected by and hosted on G2.com.

Nupur J.
NJ
Assosiate
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Workday Financial Management?

Autmated report reminders and ease of use . Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

Sometimes it has slow error due to which i sometimes find it difficult in case some urgent need to be shared Review collected by and hosted on G2.com.

What problems is Workday Financial Management solving and how is that benefiting you?

Mainly reporting and data legacy Review collected by and hosted on G2.com.