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Workday Financial Management Reviews & Product Details - Page 2

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)
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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.


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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 .
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160 Workday Financial Management Reviews

4.0 out of 5
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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)
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G2 reviews are authentic and verified.
Nayanika B.
NB
HR &amp; Marketing Coordinator
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Workday Financial Management?

Best thing I like about Workday is that all elements in the page are neat, easy to navigate. So its organized well. Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

Downsides would be the slow login.

Also the font can be changed a bit. I don't want it to feel like another Software prog. that has a beginner level interface. Review collected by and hosted on G2.com.

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

Easy integration of features

Easy navigation

Clear results (as far as revenue sheets) Review collected by and hosted on G2.com.

Farhan D.
FD
Product Solution and Services spcialist - Channel and Global Alliances
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Workday?

Ease of use and AI automated, very user friendly Review collected by and hosted on G2.com.

What do you dislike about Workday?

Nothing to be honest, all features are rich Review collected by and hosted on G2.com.

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

It's easy to submit timesheet, performance review etc Review collected by and hosted on G2.com.

Pratiksha S.
PS
Junior Data Scientist and AI Engineer
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Workday Financial Management?

It provides a single system for managing all financial and HR data, so there is no need for different systems. Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

It is a bit expensive for small organizations and hence is not very affordable. Review collected by and hosted on G2.com.

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

The system tracks all revenue-related activities, which ensures that the billing is handled properly for all billable items. Review collected by and hosted on G2.com.

Verified User in Computer Games
CC
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Workday Financial Management?

1. Custom fields creation.

2. Ability to fetch the data using RaaS reports or EID.

3. Inbuild Tax Calcualtion features and supported to calculate it using third party tax engines.

4. Better UI and the object heriarchy in the one place. Eg For Invoice we can see all its customer, Payment, refunds etc details on the same tab. Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

1. While integrating, We need to use the WID of each field in order to update it. Review collected by and hosted on G2.com.

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

To Handling the complete financials use cases and ledger we use Workday Financial Management Tool. Review collected by and hosted on G2.com.

IS
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile
Products used within Workday: Workday Financial Management
What do you like best about Workday?

We usually use Workday for any pending coures that we need to take.

We can also see some information about our colleagues.

It is also user friendly and not confusing.

The software was designed with ease of implementation in mind. Review collected by and hosted on G2.com.

What do you dislike about Workday?

The notification on pending courses is still there even though you already finished it. Review collected by and hosted on G2.com.

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

We were able to take courses that is related to our job via Workday Review collected by and hosted on G2.com.

Aaron C.
AC
Information Security Analyst
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Workday Financial Management?

The most helpful workday financial management was the easy to view and manage reports. It is well balanced and maintained. Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

I have nothing negative to report. So far I'm impressed. Review collected by and hosted on G2.com.

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

Allows easy access to view my reports and documents. Review collected by and hosted on G2.com.

Jefferson H.
JH
Senior Partner
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Workday Financial Management?

That you have visivility of the financial position of the company in real time. Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

Sometimes it can get slow, which is very frustating. Review collected by and hosted on G2.com.

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

I was looking for a tool that could integrate billing, expense and revenue management. Review collected by and hosted on G2.com.

Darren K.
DK
Sales Development Representative
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Workday Financial Management?

It is a simple tool that is able to embody organazation. Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

The log in can get confusing for some employees. Review collected by and hosted on G2.com.

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

It tracks inventory and has the ability to manage large expenses in an orderly fashion. Review collected by and hosted on G2.com.

Rhodaryn Ivy B.
RB
Trust builder
Financial Services
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile
Products used within Workday: Workday Financial Management
What do you like best about Workday?

It is a tool we use when giving feedback to colleagues. This is also where we learn and watch trainings Review collected by and hosted on G2.com.

What do you dislike about Workday?

There is just muoltiple notifications that show but nowhere to be found. It also9 has latencies at times Review collected by and hosted on G2.com.

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

provides us easy access to customer info. It also gives us visibility on the possible fraud patterns and risks on each account we handle. Review collected by and hosted on G2.com.

Saurav N.
SN
Assistant Manager
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Workday Financial Management?

I work in project management so this tool is used to mark attendance by the various workers who are working on different projects for the clients. This tool helps us in getting all the timesheets and it makes easy for us to give clients with the bills on a timely manner so that we can recognize our revenue. Review collected by and hosted on G2.com.

What do you dislike about Workday Financial Management?

Its a great tool but if this can be used to post journal entries that might help a bit more just rectify the entries that are already in the system. Review collected by and hosted on G2.com.

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

It's easy to use and user friendly. We don't have to maintain excels for recording attendance and then generate bill as this software do the same for us. Review collected by and hosted on G2.com.