Workday Review
Even though they are relatively new to the financial accounting software market, Workday has quickly established themselves as one of the leading providers of on-demand accounting software. Founded in 2005, Workday prides itself on its customer-driven innovation, and they believe in not only rethinking ERP technology, but the models that are used to help organizations manage their businesses.
- Workday Business Assets
- Workday Core Finance
- Workday Revenue Management
Workday Accounting Features
- SaaS Delivery Model
- Revenue Recognition
- Cash Management
- Management Reporting
- Customer Accounts
- Billing
- Supplier Accounts
- Procurement
- Employee Expenses
- Resource Tracking
- Business Process Framework
- Built-in Actionable Analytics
- Unified Platform with Built-in Security
What Workday Can Do
With effective business planning and forecasting, Workday helps its customers establish goals to measure their organizations performance against financial objectives.
Our Workday review shows that its on-demand financial accounting software allows enterprises and large organizations easily measure their accounting information to help their business grow and thrive.
Pros
- Alternative to overly-complex ERP software.
- No additional hardware, middleware, software, databases, or other tools to buy, install, or maintain.
- Strong features in planning, control, accounting, and reporting.
- Easily establish performance metrics and communicate those goals externally to investors and internally to managers and executives.
- Unlimited number of budgets and forecasts for developing actionable business plans.
- Established record of superior customer service.
Cons
- Not as robust as other systems; required integration with other services such as Salesforce.com.
- Since it’s a SaaS application, if there’s an outage, you won’t be able to access it.
- No iPad support, though the company says its customers haven’t asked for that.