Workday Financial Management Reviews

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

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.

Easy to find transactions, sort, and filter

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

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

I think Workday Financial Management could be more visually appealing.

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.

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.

What I like is the reporting options available in the financials model. It allows us to reconcile grant spending within the award management team along with the depts as all data points are in Workday. Users with the report Writer role are able to construct their own reports and schedule output for specific users as needed. Everything from award creation to sponsor billing can be done from one system.

There are constraints regarding billing for sponsors on grants for expenses posting outside of award line dates if the company is using a different system for timekeeping. There are also no award or grant compliance checks in workday leaving compliance auditing at risk

Overall, I enjoyed the ease of use for the program as a whole and loved the level of detail. The ability to host certain files in the app was also very helpful.

Some negative aspects are primarily related to some occasional errors in the user interface.

This platform integrated really well into concur for creating and removing user profiles. It was a nice solution for automating what was previously a manual process.

There were not any negatives in my experience.

I like how it’s be very easy and convenient to use . It gives multiple purposed for use .

There is nothing I do not like about it .

There so much that can be done and Workday helps to streamline many of our manual processes and workflows.

The system is difficult to navigate and things are are to find. The overall design experience could use some improvement.

it is a financial control and management tool. I think it can be good for small businesses with few processes to report or very simple accounting.

Capturing accounting operations are very complicated because we have not yet found a way to automate them to the tool. This is because our company is very large. However you can use it as a reporting tool.

WFM is definitely more affordable than any of the competitors, especially Hyperion who has astronomical prices for similar functionality. We use WFM primarily for accounting and payroll. It has a user friendly interface, set up was somewhat of a breeze. I like the fact that it's a cloud system, makes everything easier.

Their help center is lacking. Also for people who are not as tech savvy, it's was surprisingly challenging to find user guides and we had to contact WFM support for that, when they should have been accessible in the first place.

Easy to develop reports and less coding for developing integrations. User Interface is very good and dashboards are easy to develop and deploy

It won't allow much customization on the existing pages.

I enjoy that all of our employees use workday and it makes it very simple to approve their time, as opposed to having to check time cards or check into another account. You can do everything from Workday, enter your time, ask for time off, track employees time, send employee messages, check your pay stubs, see your benefits, and lots more.

I don' think there are really any cons! It is very simple to use, and is easy to access from a phone as well.

Workday user interface design is super friendly. As the user with the rights for approving expenses to my cost center, I have no complaints. The process is straight forward, smooth, and the software feels robust and without any flaws.

The 'inbox' or 'archive' section can be confusing, but aside from that, Workday is top-notch regarding software for Financial Management and much more!

Processing my invoices is easy and finding old files is a breeze. I process invoices, adjustments (credits and debits), and there is no issues. Its easy to process those as it kept all the information from the supplier to easy the processing. The reporting and research its very easy with an array of ways to find what I'm looking for.

Nothing at all. Very user friendly, easy to learn and so "jointed" with all aspects of the AP. Very happy my employer has this program.

Implementation was easy and adoption of the program happened quicker than normal from other programs.

Customer Service representatives could be friendlier.

This has been the most intuitive software for entering payroll information and altering personal information for payroll as well. We’ve never had an issue with Workday and plan on using it forever!

The only difficult thing to figure out is how many hours you have for the week. Sometimes when you have holiday hours or vacation hours it’s hard to tell how many hours you actually have for the week without submitting it.

Workday is all encompassing. From accessing my pay slips to tracking my career and goal development to managing my time, it takes care of everything in one Swift go. Incredibly user friendly

There are no cons that I have encountered

This product has made work in our HR space so much more streamlined. From talent management, to recruiting, to benefits and obviously, financial reporting internally. Budget keeping is no longer the massive chore it used to be.

Because Workday is a holistic solution for HR, there are minor limitations, but those hardly impact it's greater value.