Workday

Overview

Workday Financial Management is the finance core of Workday's cloud ERP, handling accounting, financial planning, close and consolidation, revenue management, expense management, projects and grants, with built-in analytics and reporting on a single data model. It automates end-to-end processes across record to report, procure to pay and contract to cash, and adds Sana AI agents, such as a revenue contract agent, to automate finance work. It runs entirely in the cloud, integrates through the Workday Extend platform and APIs, and is aimed at large enterprises, with customers including KeyBank, Life Time and J.B. Hunt.

Best for large enterprises consolidating financials, planning and reporting in one cloud system.

Workday is an enterprise-grade cloud ERP built around financial management, planning and reporting on one data model, which is what makes it a fit for large organizations that want a single source of truth across record to report, procure to pay and contract to cash. It layers AI agents on top of finance processes. Pricing is by subscription and quoted on request, and the platform is aimed at large enterprises rather than smaller teams.

Key Facts

Features

Project costing

Yes, projects and grants management

Invoicing

Yes, billing and revenue management across contract to cash

Digital receipt capture

Yes, global receipt scanning in Workday Expenses reads receipt data and matches it against transactions

Reporting and controlling

Yes, built-in analytics and reporting on a single data model

Time tracking

Yes, Workday Time Tracking, a separate product on the same platform: check-in and check-out on mobile, desktop and kiosk, geofencing, real-time calculations and mass approvals

Integrations and API

Yes, via the Workday Extend platform and integrations

Integrations

Integrations coming soon.

Deployment and Support

Deployment

• Cloud (SaaS)
• Browser-based

Support

• Email helpdesk
• Community forum

Onboarding

• Documentation and knowledge base
• Guided onboarding

Company size

• Enterprise

Suitability

The table combines the industries the vendor addresses with the company sizes the tool is aimed at. An empty cell means the combination is not stated, not that it is ruled out.

Pros and Cons

Pricing

• Custom

  Not stated

  Subscription pricing quoted on request; contact Workday for a quote.

Best For

• Technology
• Consulting

Alternatives and Comparisons

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