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Workday Financial Management Guide – Read our In-Depth Workday Financial Management Review

Workday Financial Management Rating: 7.4 / 10

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This Workday Financial Management review has been updated for 2022 by industry experts with years of business experience across multiple industries and disciplines.

Please note that the content in this Workday Financial Management review is provided on an as is basis and you should always check with the company to make sure you have the latest information.

Workday Financial Management Ratings

Overall Rating
74%
Ease Of Setup Rating
63%
Ease Of Use Rating
77%
Customer Support Rating
81%

Workday Financial Management Review for 2022 – Brief Overview

Workday Financial Management Telephone Number: (925) 951-9000
Workday Financial Management Email Address:
Workday Financial Management Address:
Year Founded: 2005
Workday Financial Management Highlights: 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.
Hedquarters: Pleasanton, CA
Workday Financial Management Revenue (USD Millions) $282
Languages Supported German, English, French, Italian, Japanese, Portuguese, Spanish, Chinese (Simplified)
Workday Financial Management LinkedIn: https://www.linkedin.com/company/17719/
Workday Financial Management Employee Count (On LinkedIn): 12,462
Workday Financial Management Top Features: Inventory Reporting - Accounting, Inventory Pricing and Costing - Accounting, Inventory Tracking / Ordering - Accounting,
Workday Financial Management Twitter: @Workday
Workday Financial Management Twitter Followers: 46,986

Workday Financial Management Location

Workday Financial Management Pricing & Costs

Plan Name Price Duration

Our entire Workday Financial Management Review covers everything you will need to learn about implementing Workday Financial Management. Good accounting software can not only help your business to become more efficient and thrive but also provide you a platform that can give you profits. If you want to make profits, you should ensure you are using a good piece of accounting software.

There is no sure-fire way to ensure profits; therefore, you must carefully assess your accounting software before you choose it. It is a common misconception that all accounting software is exactly the same, but that's not correct. Wrong judgment, initially, can set your business in danger.

Workday Financial Management is a piece of accounting software that has forged its way successfully. Within this review of Workday Financial Management, we have tried to collate some of the vital facets. This review can allow you to understand whether Workday Financial Management is a fantastic match for your company or not. We've attempted to breakdown all of the qualities and charges for your convenience.

Choosing The Best Accounting Software For You

When choosing whether Workday Financial Management is the most appropriate accounting software for your business there are 5 things to consider and do to make the right choice:

  1. Work out what you need to achieve from using Workday Financial Management
  2. Does Workday Financial Management suit your needs as a full Accounting platform?
  3. Fully understand the Workday Financial Management accounting platform and tools. Do the Workday Financial Management tools and resources align with your business needs?
  4. Work out the budget available to implement a new Accounting solution and does the solutions from Workday Financial Management offer the features you need within the budget.
  5. Sign up for a account with Workday Financial Management. Ask for a callback and demo to fully check that the solution is right for you.

What is Workday Financial Management?

Workday Financial Management is a reputable suite of accounting software developed by Workday and is developed for small to enterprise sized organisations.

Workday was started in 2005 in Pleasanton, CA

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.

Does Workday Financial Management Offer A Free Trial?

Unfortunately Workday Financial Management does not offer a free trial.

While creating this Workday Financial Management review we found that it offers a lot of advanced accounting features with its paid plans. You can learn more about some of the Workday Financial Management Accounting features further on in this Workday Financial Management review.

Is Workday Financial Management The Top Accounting Solution Available?

Accounting suppliers range from 1 man bands to giant multinationals; There is a whole lot out there. However, when it comes to selecting a professional accounting solution, there are several considerations you have to consider. In order to make sure that Workday Financial Management is the best accounting solution to your company, check out our guide below.

Main Features Of Workday Financial Management

Workday Financial Management provides advanced accounting features like:

  • Inventory Reporting - Accounting
  • Inventory Pricing and Costing - Accounting
  • Inventory Tracking / Ordering - Accounting

Workday Financial Management Review - General Ledger Features & Rating

General Ledger Features Rating
Journal Entries
83%
Tags / Dimensions
79%
Audit Trail
81%

Workday Financial Management Review - Revenue Recognition Features & Rating

Revenue Recognition Features Rating
Revenue Types
77%
Revenue Allocation
80%
Reclassification
79%
Compliance
83%
Scheduling
87%

Workday Financial Management Review - Accounts Receivable Features & Rating

Accounts Receivable Features Rating
Invoice Customization
82%
AR Automation
78%
Collections Automation
83%

Workday Financial Management Review - Revenue Performance Features & Rating

Revenue Performance Features Rating
Customer Performance
72%
Contract Performance
82%
Revenue KPIs
82%
Pricing & Discounting
80%
Offering
78%

Workday Financial Management Review - Accounts Payable Features & Rating

Accounts Payable Features Rating
AP Automation
79%
Payment Processing
77%
Purchase Orders
75%

Workday Financial Management Review - Revenue Optimization Features & Rating

Revenue Optimization Features Rating
Forecasting
76%
Promotion Programs
77%
Pricing Optimization
73%
Re-evaluation
82%

Workday Financial Management Review - Integration Features & Rating

Integration Features Rating
Data Import and Export Tools
79%
Integration APIs
75%
Breadth of Partner Applications
76%

Workday Financial Management Review - Other Functionality Features & Rating

Other Functionality Features Rating
Inventory Tracking / Ordering
84%
Inventory Pricing and Costing
86%
Inventory Reporting
87%
Multi-Entity / Consolidation
80%
Recognition Rules
77%
Reconciliations
80%
Payroll
83%
Time and Expense
80%

Workday Financial Management Review - Reporting & Analytics Features & Rating

Reporting & Analytics Features Rating
Financial Statements
83%
Custom Reporting
81%
Budgeting / Forecasting
82%
Dashboards
79%

Workday Financial Management Review - Platform Features & Rating

Platform Features Rating
Customization
73%
Workflow Capability
74%
User, Role, and Access Management
77%
Internationalization
78%
Performance and Reliability
83%
Output Document Generation
78%

Workday Financial Management Review - Cash Flow Features & Rating

Cash Flow Features Rating

Workday Financial Management Review - Budgeting & Forecasting Features & Rating

Budgeting & Forecasting Features Rating
Budgeting / Forecasting
82%

Workday Financial Management Review - Revenue Features & Rating

Revenue Features Rating

Alternatives To Workday Financial Management

Looking for an alternative to Workday Financial Management?

Many companies want accounting software to help with business goals. What is difficult is finding out whether or not a piece of software you choose is right for you. We have compiled a list of other accounting solutions that our reviewers voted best overall compared to Workday Financial Management. Based on thousands of datapoints, you can see how Workday Financial Management matches up to the competition, and find the best fit for your business.

The Top Workday Financial Management Alternatives Are Listed Below