Workday Financial Management Features

As reported in 25 Workday Financial Management reviews. Creation of expense reports takes little time and is intuitive for new users

Can easily pull in receipts from all credit card statements This feature was mentioned in 25 Workday Financial Management reviews.

Automatically assigns categories/accounts based on past entries and credit card statements This feature was mentioned in 25 Workday Financial Management reviews.

As reported in 22 Workday Financial Management reviews. Provides various methods to easily capture receipts digitally and can automatically parse receipts to create expenses report entries. Methods may include mobile photos, desktop drag and drop, etc.

Functionality to reimburse employees directly to their bank account or can easily integrate with payroll system 23 reviewers of Workday Financial Management have provided feedback on this feature.

As reported in 21 Workday Financial Management reviews. Enables easy entry of expenses in other currencies and converts to expense report currency

Based on 21 Workday Financial Management reviews. Integrates with corporate or personal credit cards (import or bi-directional)

Can book Flights, Hotels, and Rental cars directly from software. This feature was mentioned in 20 Workday Financial Management reviews.

As reported in 20 Workday Financial Management reviews. Creates travel itineraries based on booking

Based on 19 Workday Financial Management reviews. Integrates to calendaring systems and/or provides notifications of upcoming flights, hotels, rental cars, etc.

Allows advanced integrations to travel systems like Uber, airline ticketing systems, hotels, etc. This feature was mentioned in 20 Workday Financial Management reviews.

Ability to create and send printable or electronic invoices. Includes standard invoice style library that can be customized/branded. 23 reviewers of Workday Financial Management have provided feedback on this feature.

As reported in 21 Workday Financial Management reviews. Accepts electronic payments from clients

As reported in 22 Workday Financial Management reviews. Provides adequate reporting and/or can integrate to AP systems to recognize revenue appropriately

Based on 21 Workday Financial Management reviews. Can easily capture receipts, parse receipts and convert/assign them to a report from mobile device

As reported in 19 Workday Financial Management reviews. Allows users to track mileage from mobile device using maps or GPS.

As reported in 19 Workday Financial Management reviews. Mobile application can store travel itineraries, electronic documents, and updates user of travel delays/changes

As reported in 20 Workday Financial Management reviews. Provides standard connectors for popular Finance, Payroll, HRMS and CRM systems

As reported in 22 Workday Financial Management reviews. Routes Timesheets, Invoices, Expense reports through approval process. Easy to maintain and administer

As reported in 21 Workday Financial Management reviews. Sends automatic reminders to employees that have not completed expenses reports and/or timesheets

Enables administrators to create rules that enforce compliances of corporate time and expense policies This feature was mentioned in 22 Workday Financial Management reviews.

Grant access to select data, features, objects, etc. based on the users, user role, groups, etc. 20 reviewers of Workday Financial Management have provided feedback on this feature.

Complies with PCI security standards 17 reviewers of Workday Financial Management have provided feedback on this feature.

As reported in 20 Workday Financial Management reviews. Access pre-built and custom reports and dashboards.

Based on 18 Workday Financial Management reviews. Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc. with other software applications.

As reported in 21 Workday Financial Management reviews. Enables users to view and transact business with the same content in multiple languages and currencies.

Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took. This feature was mentioned in 21 Workday Financial Management reviews.

As reported in 19 Workday Financial Management reviews. Allows software to be easily used on multiple mobile devices include phone and tablet devices.

Provides users ability to create and access expense reports/timesheets while not connected to internet. 18 reviewers of Workday Financial Management have provided feedback on this feature.

Based on 50 Workday Financial Management reviews and verified by the G2 Product R&D team. Allows administrators to customize to accommodate their unique process. Includes ability to create custom objects, fields, rules, calculations, and views.

Automates a process that requires a series of steps that typically require intervention by several different users. Administrators can write rules to determine who and when a user needs to complete a step. Also includes notification of users when they need to take action. This feature was mentioned in 49 Workday Financial Management reviews.

Based on 50 Workday Financial Management reviews and verified by the G2 Product R&D team. Grants access to select data, features, objects, etc. based on the users, user role, groups, etc.

Based on 36 Workday Financial Management reviews and verified by the G2 Product R&D team. Enables users to view and transact business with the same content in multiple languages and currencies.

Based on 48 Workday Financial Management reviews and verified by the G2 Product R&D team. Software is consistently available (uptime) and allows users to complete tasks quickly because they are not waiting for the software to respond to an action they took.

Based on 45 Workday Financial Management reviews and verified by the G2 Product R&D team. Allows administrators to create templates that enable users to quickly generate dynamic documents in various formats based on the data stored in the application.

Based on 17 Workday Financial Management reviews. Offers embedded AI/machine learning

Provides workflow for complex approval structures 18 reviewers of Workday Financial Management have provided feedback on this feature.

Based on 45 Workday Financial Management reviews and verified by the G2 Product R&D team. Increases user efficiency by auto-populating based on previously entered information. Schedules future entries. Allows Journal Entries to be uploaded from an external source.

Based on 45 Workday Financial Management reviews and verified by the G2 Product R&D team. Ability to tag all transaction in the general ledger with customizable dimensions, classes, categories, etc. These dimensions should be available on any transaction in any module in the system and available to be reported upon.

Based on 45 Workday Financial Management reviews and verified by the G2 Product R&D team. Automates chronological tracking of transactions that have affected a specific operation, procedure, event or record

Based on 40 Workday Financial Management reviews and verified by the G2 Product R&D team. The layout of the invoice template is fully customizable and you can add or remove fields.

Based on 35 Workday Financial Management reviews and verified by the G2 Product R&D team. Automation helps the user be more efficient by populating default customer data, setting up systematic payments from clients and automatically matching customer receipts to outstanding transactions.

Based on 36 Workday Financial Management reviews and verified by the G2 Product R&D team. The system automates the dunning process to help drive collections

Based on 40 Workday Financial Management reviews and verified by the G2 Product R&D team. Steamlines data entry by auto populating recurring or predefined vendor values

Based on 40 Workday Financial Management reviews and verified by the G2 Product R&D team. Ability to manage, track and report on numerous payment types. Customize and automate complex purchase to pay work flow.

Based on 40 Workday Financial Management reviews and verified by the G2 Product R&D team. Software supports purchase orders and provides purchasing personnel, management and accounts payable with visibility needed to streamline the procure to pay process

Based on 37 Workday Financial Management reviews and verified by the G2 Product R&D team. Real time inventory tracking. Maintains accurate "On Hand" infomation by matching reserved inventory requested on purchase and sales orders.

Based on 36 Workday Financial Management reviews and verified by the G2 Product R&D team. Ability to establish multiple price levels. Update pricing on a per item or global inventory basis. Choice between multiple costing methods such as Average, LIFO, FIFO and Specific Unit.

Based on 37 Workday Financial Management reviews and verified by the G2 Product R&D team. Customizable reporting allows insight into usage of inventory and services.

Based on 44 Workday Financial Management reviews and verified by the G2 Product R&D team. Multi-ledger and multi-tenant architecture. Automated consolidations, inter-entity transactions and eliminations

Based on 44 Workday Financial Management reviews and verified by the G2 Product R&D team. Automates recognition of revenue and expenses by defining recognition rules.

Based on 45 Workday Financial Management reviews and verified by the G2 Product R&D team. Transactions are imported from source systems and automated matching reconciles majority of transactions. Includes user flexible, user defined matching and grouping rules to help reduce the time needed to produce accurate reconciliations.

Based on 44 Workday Financial Management reviews and verified by the G2 Product R&D team. Payroll module or integration to an external payroll provider which automates the recording of payroll

Based on 49 Workday Financial Management reviews and verified by the G2 Product R&D team. Automated time and expense capture, tracking, approval, reimbursement and reporting

Based on 50 Workday Financial Management reviews and verified by the G2 Product R&D team. General reporting offered covers all of the standard financial statements and meets the basic needs of the business

Based on 47 Workday Financial Management reviews and verified by the G2 Product R&D team. Reports created by the user to cater to specific requirements. If you can build it in Excel, you can build it in the custom report writer

Based on 43 Workday Financial Management reviews and verified by the G2 Product R&D team. Create and revise an unlimited number of budget, plan and forecast scenarios.

Based on 52 Workday Financial Management reviews and verified by the G2 Product R&D team. An easy to read, often single page, real-time user interface, showing a graphical presentation of the current status and historical trends of an organization's Key Performance Indicators (KPIs) to enable instantaneous and informed decisions to be made at a glance

Based on 41 Workday Financial Management reviews and verified by the G2 Product R&D team. Ability to input, modify and extract data from the application in bulk through a structured file.

Based on 36 Workday Financial Management reviews and verified by the G2 Product R&D team. Application Programming Interface - Specification for how the application communicates with other software. API's typically enable integration of data, logic, objects, etc with other software applications.

Standard integration with accounting and ERP software 20 reviewers of Workday Financial Management have provided feedback on this feature.

Standard integration with sales and marketing software 20 reviewers of Workday Financial Management have provided feedback on this feature.

Based on 20 Workday Financial Management reviews. Standard integration with Quote-to-Cash systems

Out of the box APIs to integrate with any type of software 18 reviewers of Workday Financial Management have provided feedback on this feature.

Provide integration with accounting and financial management software 14 reviewers of Workday Financial Management have provided feedback on this feature.

Integrates with other payments software 14 reviewers of Workday Financial Management have provided feedback on this feature.

Deliver integrations with accounting modules of ERP systems This feature was mentioned in 12 Workday Financial Management reviews.

Support multiple types of revenues, such as recurring and transaction based 27 reviewers of Workday Financial Management have provided feedback on this feature.

Based on 28 Workday Financial Management reviews. Allows users to allocate revenues to various business entities or departments

Revenue can be reclassified from one category to another, such as from deferred to earned This feature was mentioned in 27 Workday Financial Management reviews.

Provide compliance with accounting standards for revenue recognition such as ASC 605, 606 and IFRS 15 27 reviewers of Workday Financial Management have provided feedback on this feature.

Based on 28 Workday Financial Management reviews. Automatic scheduling to ensure that revenue is recognized at the proper time

Track revenue performance by customer, customer groups, or demographics 25 reviewers of Workday Financial Management have provided feedback on this feature.

Monitor revenues per contract, contract types, or groups of contracts 22 reviewers of Workday Financial Management have provided feedback on this feature.

Based on 22 Workday Financial Management reviews. Provide revenue KPIs such as Customer Lifetime Value or Net Customer Worth

As reported in 24 Workday Financial Management reviews. Analyse the impact of special pricing and discounts on revenue

Based on 22 Workday Financial Management reviews. Track the performance of bundles, special offers, and other sales incentives

Create forecasts to estimate future revenues 24 reviewers of Workday Financial Management have provided feedback on this feature.

Based on 22 Workday Financial Management reviews. Ability to define promotions to increase revenues

Adjust prices to attract more customers and to improve revenues 22 reviewers of Workday Financial Management have provided feedback on this feature.

Based on 24 Workday Financial Management reviews. Revenue optimization activities can be evaluated on a regular basis

Based on 20 Workday Financial Management reviews and verified by the G2 Product R&D team. Check cash on hand at the beginning of each month and view each day’s incoming and outgoing funds.

Based on 20 Workday Financial Management reviews and verified by the G2 Product R&D team. Add one-time or recurring cash flow items and add line items for each payment or deposit.

Based on 19 Workday Financial Management reviews and verified by the G2 Product R&D team. Timesheets, projects, tasks, income or expenses can all easily be exported to pdf, xls or csv for simpel cash clow analysis.

Based on 43 Workday Financial Management reviews and verified by the G2 Product R&D team. Create and revise an unlimited number of budget, plan and forecast scenarios.

Based on 21 Workday Financial Management reviews and verified by the G2 Product R&D team. Import trial balance, monthly P&L, balance sheets, and other types of financial data

Based on 18 Workday Financial Management reviews and verified by the G2 Product R&D team. Keeps track of all versions of a budget and allows users to compare versions

Based on 20 Workday Financial Management reviews and verified by the G2 Product R&D team. Forecasting is based on past transactions and historical financial or operational data

Based on 17 Workday Financial Management reviews and verified by the G2 Product R&D team. Supports multiple types of revenues, such as recurring and transaction based

Based on 18 Workday Financial Management reviews and verified by the G2 Product R&D team. Allows users to allocate revenues to various business entities or departments

Based on 20 Workday Financial Management reviews and verified by the G2 Product R&D team. Automatic scheduling to ensure that revenue is recognized at the proper time

Based on 19 Workday Financial Management reviews and verified by the G2 Product R&D team. Allows administrators to print valid paychecks and W-2 forms.

Based on 19 Workday Financial Management reviews and verified by the G2 Product R&D team. Calculates taxes due and may include resources or tools for federal and state tax compliance.

Based on 19 Workday Financial Management reviews and verified by the G2 Product R&D team. Access pre-built and custom reports and dashboards to track payroll costs and for compliance purposes.

Based on 13 Workday Financial Management reviews. Provide standard invoice templates that can be customized by users

As reported in 14 Workday Financial Management reviews. Ability to convert invoices to digital formats such as PDF

Automatically generates invoices at pre-defined time intervals This feature was mentioned in 13 Workday Financial Management reviews.

Allow users to consolidate multiple invoices into one 13 reviewers of Workday Financial Management have provided feedback on this feature.

Based on 13 Workday Financial Management reviews. Ability to create multiple types of invoices

Manage invoicing for different types of products or services 14 reviewers of Workday Financial Management have provided feedback on this feature.

Uses AI to automatically input data from receipts, invoices, and other documents

Uses AI to generates, send, and track invoices

Uses AI to categorize expenses, detect anomalies, and provide insights on spending patterns

Uses AI to detect unusual patterns and flag potential fraudulent activities in real-time

Uses AI to assist in calculating taxes, ensuring compliance with changing tax regulations, and automate the preparation of tax returns

Uses AI and NLP-powered chatbots to provide customer support and assist with queries regarding financial data and reports

Uses AI to match transactions recorded in the accounting system with those in bank statements

Uses AI to generate detailed financial reports, dashboards, and visualizations to provide insights into the financial health of the business

Uses AI to set up alerts for various financial activities, such as payment due dates or low cash balances

Uses AI to analyze data to identify trends and make predictions

Enables synchronization of accounting data across devices in real-time

Send push notifications for important updates, such as due dates, invoice statuses, or tax deadlines

Simplifies interfaces to be user-friendly and tailored for smaller screens, such as mobile phones and tables

Allows users to view and update certain data without an internet connection

Allows users to capture and upload expense receipts directly from mobile devices

Enables creation, editing, and sending of invoices

Capability to perform complex tasks without constant human input

Capability to perform complex tasks without constant human input

Capability to perform complex tasks without constant human input

Works across multiple software systems or databases