Workday Financial Management Reviews & Product Details

Users love that data, events, and notifications are all real time, with controls built in. They also appreciate the discovery boards, which let them easily create reports and visualizations tailored to their individual needs. Less frequent users like that Workday meets them where they are by plugging into Microsoft Teams, along with support through the mobile app.

IT teams love that Workday is a low/no-code platform, making configuration and customization straightforward for their customers. Workday Extend builds on these capabilities, allowing organizations to create custom apps and functionality that look and feel native to Workday by using the same GUI, data, and security model. Review collected by and hosted on G2.com.

Implementation is complicated, time consuming, and expensive (Organizations should not attempt this without an implementation partner). Post-implementation, it is difficult and painful to adapt Workday to large organizational changes or transformations. This requires FDM (foundational data model) changes which impact reporting and metrics and often require large security model changes as well. There is also a steep learning curve for IT; this often requires hiring new staff and external service providers. Reporting, although robust and powerful, also requires deep expertise or outside help.

Users must switch to using Workday's terminology. For example, Workday is looking for the keyword Supplier, not Vendor. It would be nice if Workday's AI could recognize these as the similar and return results people are looking for. You can customize what results are returned for specific searches, but this requires monitoring and can be time consuming. Review collected by and hosted on G2.com.

As a Financial Systems leader, what I value most is Workday’s unified architecture. It eliminates data silos and allows us to design scalable, end‑to‑end financial processes across the organization. The platform’s real‑time analytics, strong governance model, and capabilities make it a strategic asset for transforming finance operations Review collected by and hosted on G2.com.

What I dislike most is that Workday still has room to mature in its Account Reconciliation and Bank Statement Reconciliation capabilities. The native tools don’t fully support more complex reconciliation scenarios, and the processes often require manual steps or workarounds. Enhancing automation, matching rules, and workflow in these areas would bring Workday closer to being an end‑to‑end financial close solution. Review collected by and hosted on G2.com.

Using Workday in my role has significantly improved how I manage HR processes and stay on top of employee data. The platform centralizes information, making it easy to track tasks, approvals, and reports in one place. While it has a learning curve at first, the clarity and efficiency it brings to everyday operations are worth it. Review collected by and hosted on G2.com.

Workday streamlines HR and finance processes, giving me a clear view of workflows, approvals, and employee data. It saves time and reduces errors, making daily operations smoother for our team. Review collected by and hosted on G2.com.

It’s easy to connect with other Workday applications to view financial data. Many of my co-workers (myself included) find the interface intuitive and easy to navigate. Also, the reporting tools help in data analysis and decision making for our accounting and finance teams. Review collected by and hosted on G2.com.

The software seems a bit too expensive, even for a large company like ours. The symetry may have a steep learning curve for new users. The customer service to respond to our questions is less to be desired. I feel like I need to go to the Workday Community forum to get a straightforward answer. Review collected by and hosted on G2.com.

I like that Workday Financial Management unifies finance processes, provides real-time insights, and automates tasks like payroll to save time and reduce errors. I value real-time reporting and dashboards for quick financial insights, budgeting and planning tools to track and forecast effectively, and integrated payroll and HR features to ensure accurate, compliant payroll processing. Tools like real-time reporting and dashboards give me instant visibility into financial performance, help me quickly identify trends or issues, and support faster, data-driven decision-making in daily operations. The budgeting and planning tools help me track spending, forecast accurately, and align resources with business goals, while the integrated payroll and HR features ensure employee data, benefits, and deductions are accurate and compliant, reducing errors and streamlining payroll processing. Review collected by and hosted on G2.com.

While Workday Financial Management is very powerful, some processes can feel less intuitive or require extra steps, and reporting customization can sometimes be limited, so having more flexibility and easier navigation would improve the user experience. Navigation could be improved by simplifying menus and reducing the number of clicks needed to access commonly used reports or tasks. For reporting, more drag-and-drop customization, easier filtering options, and the ability to save personalized report layouts would make it faster to generate the insights I need without relying on IT or advanced configurations. The setup of core HR and payroll data was straightforward due to clear guidance and templates, but customizing reports and configuring complex workflows presented challenges that required extra time and support. Review collected by and hosted on G2.com.

I like how Workday Financial Management consolidates everything I need in one place, eliminating the need to switch between different systems. The platform integrates leave management, benefits, and access to company facilities smoothly, providing a single access point that enhances convenience and transparency. Its interface is simple and intuitive, which makes routine tasks like applying for leave quick and stress-free. I also appreciate the transparency, as I can clearly see the status of my requests and the available facilities, which reduces confusion. The centralized information for benefits gives clarity and empowerment, and the streamlined processes add to the overall efficiency. Review collected by and hosted on G2.com.

I feel like Workday Financial Management could improve in several ways, such as simplifying navigation with clearer menus, adding customizable dashboards, and improving search functionality for faster access. The initial setup, while straightforward, also required some training to fully understand and navigate all features. Review collected by and hosted on G2.com.

I find Workday Financial Management to be very user-friendly and intuitive, which makes it easier to use. Its cloud-based platform is a significant advantage for us compared to an on-premise solution. I also appreciate its excellent native functionality for integrations and validation of those integrations. The consistent interface and feeling when using it alongside Workday HR is a plus, and the seamless integration with other tools like Maximo and PowerPlan is fantastic. Review collected by and hosted on G2.com.

There really isn't anything. Review collected by and hosted on G2.com.

The platform is easy to use and offers Office Connect reporting, along with a wide variety of reports and options for extracting data to support meaningful analysis. It also features numerous integrations with banks and procurement sites, which adds to its versatility. The mobile app further simplifies the process of expense reporting. Review collected by and hosted on G2.com.

Implementation was challenging and still have some issues 1.5 post go live. Review collected by and hosted on G2.com.

I appreciate the user experience, especially the ability to view transactions in real time and drill down into details without needing to run multiple reports. Review collected by and hosted on G2.com.

The system struggles to manage more complex financial scenarios, particularly when it comes to handling multi-currency reconciliations and offering OCR capabilities. Review collected by and hosted on G2.com.

Cloud based and highly flexible financial solution. Integrated payroll, accounts payable and core finance Review collected by and hosted on G2.com.

Bulk upload process for large datasets is cumbersome Review collected by and hosted on G2.com.