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Workday Financial Management

About Workday Financial Management

Workday Financial Management covers essential business areas such as procurement, asset management, CRM, revenue management, business reports, spend and sales analytics, bank reconciliation, project and task management as well as general business management processes. The Workday Financial Management application is web-based and mobile-friendly - enabling you to view your Workday Financial Management software in full transparency whilst on the go or out of the office.

Workday Financial Management comes in an array of different scalable packages with different levels of online and offline support.

Pricing starting from:

US$1.00/year

  • Free Version
  • Free Trial
  • Subscription

Key benefits of Workday Financial Management

Revenue management and business assets - Workday Financial Management can manage your entire financial portfolio from the dashboard, giving you complete transparency over your financial success and revenue streams. Workday Financial Management also acts as inventory management and business assets platform - allowing you to control expenditure and inventory.

Invoicing and Real-time spend analytics - Workday Financial Management obtains reports on your business's invoices (paid and pending) so you can view renewal rates and new sales development. The Workday Financial Management spend analytics provides real-time sales metrics into spending patterns and trends within your consumer segments.

Mobile friendly and Custom reports - The entire Workday Financial Management platform is optimized for mobile devices allowing you the freedom to produce reports and findings whilst on the go. The custom reports enable you to create your own dashboards to display what is most relevant to you.

Typical Customers

  • Freelancers
  • Small Businesses (2-50)
  • Mid-size Companies (51-500)
  • Large enterprises (500 and more)

Deployment

  • Cloud-based
  • On-premise

Markets

Australia, Canada, Denmark, Finland, France and 17 others

Supported Languages

English, French, German, Italian, Spanish

Pricing starting from:

US$1.00/year

  • Free Version
  • Free Trial
  • Subscription

Images

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Workday Financial Management video
Workday Financial Management Software - Workday Financial Management asset management
Workday Financial Management Software - Workday Financial Management financial executive scorecards
Workday Financial Management Software - Workday Financial Management claims analysis
Workday Financial Management Software - Workday Financial Management accounting center
Workday Financial Management Software - Workday Financial Management expense management
Workday Financial Management Software - Workday Financial Management financial planning dashboard

Features

Total features of Workday Financial Management: 142

  • "What If" Scenarios
  • ACH Payment Processing
  • API
  • Access Controls/Permissions
  • Accounting
  • Accounts Payable
  • Accounts Receivable
  • Activity Dashboard
  • Ad hoc Reporting
  • Aging Tracking
  • Alerts/Notifications
  • Approval Process Control
  • Audit Management
  • Audit Planning
  • Audit Trail
  • Automatic Billing
  • Bank Reconciliation
  • Billing & Invoicing
  • Budget Management
  • Budgeting/Forecasting
  • CPA Firms
  • CRM
  • Cash Flow Analysis
  • Cash Flow Management
  • Cash Management
  • Check Processing
  • Check Writing
  • Collaboration Tools
  • Commenting/Notes
  • Commission Management
  • Compliance Management
  • Consolidation/Roll-Up
  • Contract Drafting
  • Contract/License Management
  • Core Accounting
  • Currency Management
  • Customer Statements
  • Customisable Invoices
  • Customisable Reports
  • Customizable Rules
  • Dashboard
  • Data Import/Export
  • Data Management
  • Data Visualisation
  • Distribution Management
  • Document Management
  • Duplicate Payment Alert
  • Dynamic Pricing
  • ERP integration
  • Electronic Funds Transfer
  • Enterprise Asset Management
  • Expense Claims
  • Expense Management
  • Expense Tracking
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • Fixed Asset Management
  • For Grantmakers
  • For Hospitality Industry
  • For Real Estate
  • For Small Businesses
  • Forecasting
  • Fraud Detection
  • Fund Accounting
  • Gantt/Timeline View
  • General Ledger
  • Grant Application Management
  • Grant Award Tracking
  • HR Management
  • Income & Balance Sheet
  • Integrated Business Operations
  • Inventory Control
  • Inventory Management
  • Investment Management
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Mobile Access
  • Mobile App
  • Multi-Company
  • Multi-Currency
  • Multi-Language
  • Online Invoicing
  • Online Payments
  • Order Management
  • Overpayment Processing
  • Partial Payments
  • Payment Collection
  • Payroll Management
  • Planning Tools
  • Portfolio Management
  • Price Optimisation
  • Price and Cost Calculations
  • Procurement Management
  • Product Configurator
  • Profit/Loss Statement
  • Progress Tracking
  • Project Accounting
  • Project Billing
  • Project Management
  • Proposal Generation
  • Purchase Order Management
  • Purchasing & Receiving
  • Quotes/Estimates
  • Real-Time Analytics
  • Real-Time Data
  • Real-Time Monitoring
  • Real-Time Reporting
  • Real-Time Updates
  • Receipt Management
  • Receivables Ledger
  • Reimbursement Management
  • Remote Access/Control
  • Reporting & Statistics
  • Reporting/Analytics
  • Requisition Management
  • Resource Management
  • Revenue Management
  • Revenue Recognition
  • Risk Analysis
  • Risk Assessment
  • Risk Management
  • Rules-Based Workflow
  • Spend Analysis
  • Spend Control
  • Status Tracking
  • Supplier Management
  • Supply Chain Management
  • Task Management
  • Tax Management
  • Template Management
  • Third-Party Integration
  • Third-Party Integrations
  • Time & Expense Tracking
  • Transaction History
  • Transaction Management
  • Vendor Management
  • Visualisation
  • Workflow Management
  • Yield Management

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Reviews

Overall rating

4.4 /5
(71)
Value for Money
4.2/5
Features
4.4/5
Ease of Use
4.1/5
Customer Support
4.4/5

Already have Workday Financial Management?

Software buyers need your help! Product reviews help the rest of us make great decisions.

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Showing 5 reviews of 71 Read all reviews
Showing 5 reviews of 71
Tiffany
Tiffany
Overall rating
  • Industry: Accounting
  • Company size: 5,001–10,000 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 7.0 /10

Your usual financial software

Reviewed on 10/12/2019

Okay overall, don’t really see anything outstanding compared to other financial softwares

Okay overall, don’t really see anything outstanding compared to other financial softwares

Pros

Allows user to save particular reports for easy access in the future, especially great if you need recurring reports.

Cons

There should be some sort of a filter feature. I find it troublesome when looking up vendor in the search bar, but unable to refine by cost center or BU without going through pulling the ledger entries.

Christina
Overall rating
  • Industry: Education Management
  • Company size: 1,001–5,000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Likelihood to recommend 8.0 /10

Workday

Reviewed on 3/11/2023

Pros

Easy to find transactions, sort, and filter

Cons

Lots of irrelevant data fields crowd the page. Difficulty knowing which do use.

Amanda
Overall rating
  • Industry: Hospital & Health Care
  • Company size: 51–200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Would recommend

Reviewed on 13/1/2025

I would recommend to other people looking for a easy program.

I would recommend to other people looking for a easy program.

Pros

Very easy to maneuver. Set up was nice and organized.

Cons

The options that they gave for different things.

Alfonso
Overall rating
  • Industry: Financial Services
  • Company size: 1,001–5,000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 6.0 /10

Great Financial Management support for P2P Capabilities

Reviewed on 20/4/2021

Overall experience with Workday Financial Management has been fantastic. Great capabilities that...

Overall experience with Workday Financial Management has been fantastic. Great capabilities that can integrate very well with other Workday modules.

Pros

Workday Financial Management provides a great P2P capability to organization already working with Workday HCM. This tool provides best-in-class functionalities that support financial and procurement operations.

Cons

The language, terms, jargon are very specific to Workday nomenclature rather than based on industry. Some concepts are quite unique and sometimes unnecessary when compared against a Coupa or other provider.

Jasmine
Overall rating
  • Industry: Investment Management
  • Company size: 1,001–5,000 Employees
  • Used Weekly for 1-5 months
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Workday Financial Review

Reviewed on 31/10/2024

Pros

It makes it really easy to access how much I have made according to the hours entered for work.

Cons

I think Workday Financial Management could be more visually appealing.

Showing 5 reviews of 71 Read all reviews

Workday Financial Management FAQs

Below are some frequently asked questions for Workday Financial Management.

Workday Financial Management offers the following pricing plans:

  • Starting from: US$1.00/year
  • Pricing model: Subscription
  • Free Trial: Not Available

Contact Workday for detailed pricing information.

Workday Financial Management has the following typical customers:

2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000

Workday Financial Management supports the following languages:

English, French, German, Italian, Spanish

Workday Financial Management supports the following devices:

Workday Financial Management integrates with the following applications:

Salesforce Platform

Workday Financial Management offers the following support options:

Email/Help Desk, Knowledge Base, Phone Support, 24/7 (Live rep)

Related categories

See all software categories found for Workday Financial Management.