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Workday Financial Management

3.5
(29)

Workday Financial Management is built on an adaptive, global foundation that provides organizations with the core financial management capabilities expected from a cloud solution. It goes well beyond just managing financial processes to achieve greater insight, improve financial consolidation and reduce time to close, instill internal control and auditability, and achieve consistency across global operations. By using in-memory and an object data model, Workday has delivered a single system that supports transaction processing, multidimensional reporting, consolidation, planning, and compliance—all using a consistent user experience accessible from desktop or mobile devices.

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Workday Financial Management Reviews

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Showing 29 Workday Financial Management reviews
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Workday Financial Management review by User
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"Workday is more work"

What do you like best?

I like that it is supposed to be a one-stop shop for business processes. Everyone, in theory, has access to details that should smooth processes and remove paper from business processes.

What do you dislike?

We keep being told it's an "intuitive" system. No, it's not. The lingo used is very confusing. It isn't nearly as customizable as we were told - I don't need nearly all worklets 'assigned' to me but can't add ones that I think would make sense with my job duties.. The 'job aids' don't apply to the problems we face and complicate things further with that lingo.

Recommendations to others considering the product

Look at the reviews from actual users, not the people on the test teams. The testers seem to be more sold on Workday than the rest of us. Unfortunately, this leads me to believe that the only people who can truly 'get' all of the intricacies of Workday are the people who are immediately involved in its implementation, rather than the rest of us who HAVE to use it daily for financial (and HR) processes.

What business problems are you solving with the product? What benefits have you realized?

We do all budgeting and onboarding through Workday. Benefits? It's nice to be able to track processes. It's nice to be able to see where things are going (who to) and where they're held up.

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Workday Financial Management review by User in Retail
User in Retail
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"My Workday"

What do you like best?

What I like most about Workday is that I can electronically access all of my payslips which prevents me from losing them if they were to be physical copies. I also like that I can track my career's performance history including raises, goals and achievements.

What do you dislike?

I like all the features of this program, the only thing I could suggest is to somewhat organize it more to make it easier to find what you're looking for. At times I find myself getting lost down the rabbit hole of the software trying to look for something.

What business problems are you solving with the product? What benefits have you realized?

With Workday Financial Management, I am able to take care of and find things I need, myself. Instead of going to higher management and telling them that I need to change information, or requesting something from them, a lot of the time it's available for me in Workday and I can get it myself instead of for one, having to wait, and two I am saving them time.

What Accounting solution do you use?

Thanks for letting us know!
Workday Financial Management review by User
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"Workday is great for getting my financial transactions taken care of."

What do you like best?

Workday allows me to quickly and efficiently reconcile any sorts of transactions that pass through my office - invoices, requisitions, reimbursements - and also has all of my own information/records in one place. It is fairly easy to use and has many help points and guides along the way.

What do you dislike?

I dislike having to type in the tasks I'd like to do in a search bar, such as "Create expense report" or to find a report done by someone else, and to find my own tasks that I've completed. It can also be a bit glitchy when creating reports - for example, if you're on the page too long, it stops working and you have to refresh and sometimes enter the info all over again if you don't hit save.

Recommendations to others considering the product

This is a great program, but I recommend taking trainings and keeping a guide for yourself as it can be a bit complicated to navigate.

What business problems are you solving with the product? What benefits have you realized?

This program keeps my fellow employees and I connected - everything is in one place for all of us to review. It is also great for keeping my own transactions in one place and to keep things moving at our office.

Workday Financial Management review by Albert Gabriel Y.
Albert Gabriel Y.
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"Resourceful and Easy to Use Employee/Employer Platform"

What do you like best?

One of the most useful features of Workday is being very user friendly and generally pleasing to interact with because of the colors and layout. It's easy for employers to post job positions and for employees or job seekers to interact with them.

What do you dislike?

Its hard to find some options to set up things like direct deposit. Someone would need a thorough tutorial to find these employee options and set them up.

Recommendations to others considering the product

Its very useful but it requires some tutorials for employees to use effectively.

What business problems are you solving with the product? What benefits have you realized?

It has allowed Employers to communicate necessary information and make things like setting up direct deposit pay much more manageable.

Workday Financial Management review by User in Higher Education
User in Higher Education
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"Workday Financial Management Review"

What do you like best?

I like how it's user friendly in terms of navigating about with the worklets.

What do you dislike?

It's not very customizable which is highly desirable in a place like Yale University.

Recommendations to others considering the product

If your company or institution has complex accounting/financials, Workday might not be a great solution for you, as the customization possibilities are limited.

What business problems are you solving with the product? What benefits have you realized?

Being able to see all accounting transactions and balances is something that's fairly easy to do. One of the nicest things I like about Workday is that it allows you to see everything happening real-time and you don't usually have to wait a day or so for transactions to appear/balances to be updated.

Workday Financial Management review by Kauai D.
Kauai D.
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"Workday "

What do you like best?

It is a great program to keep all payroll and HR tools compiled together. As an employee it is nice to be able to login and manage benefits and also access hours/see new positions available in the company all in one place.

What do you dislike?

Several of the 'buttons' on Workday reroute you and take you away from the homepage and it times out in 5 minutes so you need to constantly login or stay active in the program.

Recommendations to others considering the product

Consider changing how soon it will log you out of the program

What business problems are you solving with the product? What benefits have you realized?

I am able to access almost all HR functions from this program.

Workday Financial Management review by User
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"Literally awful. Not user friendly at all."

What do you like best?

I hate this system. We just switched to using this system as well as timeforge to cover our bases for the company I work for. The only redeeming thing about this system is that their app is pretty easy to use.

What do you dislike?

It is not user friendly at all. We just switched to this from another system and it takes SO LONG for anyone to figure out how to complete basic tasks such as exporting payroll information, completing tasks required for hiring, etc.

Recommendations to others considering the product

Just do not do it. For the love of all that is good in the world avoid this system like the plague it has brought to my workplace. It is inefficient and overall just frustrating. I hate every second I have to use it.

What business problems are you solving with the product? What benefits have you realized?

This system is not user friendly. It is unnecessarily complicated.

Workday Financial Management review by User in Biotechnology
User in Biotechnology
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"Easy to use program"

What do you like best?

I like that this program is an all in one site for any inquiries I have about pay, benefits, internal job openings, and performance.

What do you dislike?

I dislike that with some of the applications you have to click through multiple link before you find where you want to go. For example when I want to review a pay slip I have to click through 3-4 pages before I can view my pay slip.

Recommendations to others considering the product

I would recommend.

What business problems are you solving with the product? What benefits have you realized?

This site is all in one and therefore I can find many answers to HR questions I have on this site without having to track down a policy or a person from HR. The program is very convenient.

Workday Financial Management review by User in Events Services
User in Events Services
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"Great Platform For Managing Your Organizational Finances"

What do you like best?

The in depth tools for gathering insight into the finance and accounting capabilities of the business virtually anywhere at any time.

What do you dislike?

Not always clear how to solve problems or conduct certain processes. Occassionally, Workday runs slow (which may be a function of wired/wireless connectivity and bandwidth issues). Also, some error messages do not adequately outline the problem (and/or solutions).

Recommendations to others considering the product

Great platform for any company considering switching to a more robust and in depth financial management system.

What business problems are you solving with the product? What benefits have you realized?

Financial analysis and accounting responsibilities are facilitated through Workday Financial Management. With everything in the platform, it is quick and easy to get to certain financial data without having to scroll through multiple files...

Workday Financial Management review by User in Individual & Family Services
User in Individual & Family Services
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"Great Software for You HR and Finance Needs"

What do you like best?

It is a comprehensive solution to address everything from HR to Financial matters as it relates to employees

What do you dislike?

I can't think of anything that I particularly dislike, but would make recommendations to continually improve the user experience so that it is easy to navigate

What business problems are you solving with the product? What benefits have you realized?

Using Workday Financial Management allows for ease obtaining approvals. The process of obtaining approvals is also done electronically, so use of technology is increased.

Workday Financial Management review by User in Real Estate
User in Real Estate
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"Workday is amazing"

What do you like best?

I like the ability if gives waged employee's to track their earnings in great detail. Also shows employees how much their earnings are being taxed, how much taxes are coming out and where the taxes are going. I like the ability to easily log on to the system and print out pdf documents.

What do you dislike?

Sometimes the system glitches and won't load. Could be an internet issue or a domain issue. Not entirely sure.

Recommendations to others considering the product

Very easy system to navigate for most employees. highly recommend.

What business problems are you solving with the product? What benefits have you realized?

showing employees their wages and also showing individuals the breakdown of where their taxes go.

Workday Financial Management review by Yick Chong L.
Yick Chong L.
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"Comprehensive, but sometimes difficult to navigate and search"

What do you like best?

Ability to quickly access payroll and tax documents

What do you dislike?

Some of the features are not self-explanatory, such as creating requisitions, or other functions.

What business problems are you solving with the product? What benefits have you realized?

Requesting purchase orders, creating expense reports, searching financial documents

Workday Financial Management review by User in Management Consulting
User in Management Consulting
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content

"Easy to use platform "

What do you like best?

I like the user interface of Workday. The platform is very easy to navigate and has many great functionalities and add on's should you choose to use them.

What do you dislike?

There is little I dislike about Workday Financial as it is a great platform that is designed very well. It is a solid system that is comprehensible and easy to use even for beginners. No cons to report, really.

Recommendations to others considering the product

Great interface that is honestly pretty to look at.

What business problems are you solving with the product? What benefits have you realized?

Workday Financial is leveraged for accounting, accounts payable, accounts receivable, payroll, asset management and reporting on financials.

Workday Financial Management review by User in Newspapers
User in Newspapers
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content

"Convenient, but not intuitive."

What do you like best?

The ability to enter and access different information makes it a great address book and calendar tool. Very helpful for managing those but those are about the only functionalities I enjoy.

What do you dislike?

Often difficult to navigate the site. Pressing the back button takes you to the login page rather than being able to jump forward / backward throughout the site. Extremely difficult to navigate the goal setting. Doesn't allow for much ability to view previous goals / set future ones.

What business problems are you solving with the product? What benefits have you realized?

The ability to manage contacts and access different information points for them.

Workday Financial Management review by Samantha W.
Samantha W.
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"Intuitive Interface"

What do you like best?

It is easy to navigate and understand. It makes submitting time sheets very easy.

What do you dislike?

There are multiple buttons and pages you need to click through in order to get to certain pages. I would rather have more on the dashboard.

What business problems are you solving with the product? What benefits have you realized?

We are solving the need to simplify submitting time sheets, finding payslips, and viewing historical time sheets. It is a great simplified system.

Workday Financial Management review by User
User
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content

"Great "

What do you like best?

Workday financial helps me keep track of my pay and makes it simpler to keep up with my hours at work.

What do you dislike?

I haven’t found anything I don’t like about workday.

What business problems are you solving with the product? What benefits have you realized?

I’m still exploring and learning new stuff.

Workday Financial Management review by User in Retail
User in Retail
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content

"Workday Review"

What do you like best?

The UX is friendly and we are able to organize all documents and HR responsibilities in one place.

What do you dislike?

At times is seems that certain functionalities could live in two places and it's hard to know where it is.

Recommendations to others considering the product

It is well organized

What business problems are you solving with the product? What benefits have you realized?

HR responsibilities.

Workday Financial Management review by Jeremy B.
Jeremy B.
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"Looks like it should be modern and easy to use but isn't"

What do you like best?

Looks like it should be modern and easy to use

What do you dislike?

a dizzying complex set of nested links to manage., very hard to find what you're looking for. API is extremely complex

What business problems are you solving with the product? What benefits have you realized?

Finance Ops - GL, AP, AR, FA

Workday Financial Management review by User
User
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content

"I have had a good experience with workday. "

What do you like best?

I like the visual landscape and the many offerings.

What do you dislike?

Sometimes it can be complicated to find what you are looking for - especially when trying to file for reimbursements.

What business problems are you solving with the product? What benefits have you realized?

I use it to record expenses and used it initially when joining the group full time for internal logistics like vacation time.

Workday Financial Management review by User in Consumer Services
User in Consumer Services
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"Business as usual "

What do you like best?

I like that as a whole our company works ob the same platform universally.

What do you dislike?

That the system only allows one active session at a tome per team member.

Recommendations to others considering the product

Read the instructions and follow the training.

What business problems are you solving with the product? What benefits have you realized?

Credit operations has me review out of ballances accounts. To be able to communicate and show my work is the benifit of this platform.

Workday Financial Management review by User
User
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content

"Workday Review"

What do you like best?

Workday has a lot of great features and is a very intuitive software to use.

What do you dislike?

Some of the navigational buttons put users into circular loops (not everything is easy to navigate to).

What business problems are you solving with the product? What benefits have you realized?

Workday helps with finance management, but is also easy to integrate with its HR package.

Workday Financial Management review by Executive Sponsor
Executive Sponsor
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"Not a robust global solution"

What do you like best?

It is pretty in terms of the UI however the colors are an eye sore and kinda fruity

What do you dislike?

It lacks international district tax calculation and integrations of those local tax changes for all international countries

What business problems are you solving with the product? What benefits have you realized?

None due to the dislikes explained

Workday Financial Management review by User in Music
User in Music
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content

"User friendly "

What do you like best?

It was user friendly and easy to use. I used it to manage internal personal data management information.

What do you dislike?

To attractive more user, maybe provide a one button convenient way to use the platform.

Recommendations to others considering the product

NA

What business problems are you solving with the product? What benefits have you realized?

It provide a great way to store data information and make it user friendly.

Workday Financial Management review by User in Defense & Space
User in Defense & Space
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"Still learning all it has to offer"

What do you like best?

The ease of use is great and very helpful using daily at work.

What do you dislike?

I am still learning all it has to offer so I am not able to mention anything that I do not like yet.

What business problems are you solving with the product? What benefits have you realized?

Its great at managing our finances.

Workday Financial Management review by Consultant in Management Consulting
Consultant in Management Consulting
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"Great product for big businesses "

What do you like best?

How much all of the reporting features can do

What do you dislike?

It takes a very long time to get set up and requires a lot of maintenance

Recommendations to others considering the product

Definitely go with Deloitte to help install

What business problems are you solving with the product? What benefits have you realized?

Streamlined reporting and ease of compiling revenue/expenses

Workday Financial Management review by User
User
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content

"Easy to use"

What do you like best?

I like how easy to navigate the site is. Simple to learn.

What do you dislike?

They send out too many notifications between email and the app.

What business problems are you solving with the product? What benefits have you realized?

This does not apply to me.

Workday Financial Management review by User in Financial Services
User in Financial Services
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content

"It works fairly well, does what I need"

What do you like best?

It is fairly intuitive and gets the job done reliably

What do you dislike?

It could be more optimized and more user friendly

What business problems are you solving with the product? What benefits have you realized?

Organization is key in my role and its helped me in that

Workday Financial Management review by User in Retail
User in Retail
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content

"Works like a charm"

What do you like best?

It is easy to clock in and out for the day

What do you dislike?

When it crashes it hard to pull up the back up

What business problems are you solving with the product? What benefits have you realized?

Na

Workday Financial Management review by User in Financial Services
User in Financial Services
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content

"Pretty good "

What do you like best?

It is very easy to use and user-friendly.

What do you dislike?

Sometimes hard to find things under certain categories

What business problems are you solving with the product? What benefits have you realized?

Banking in a commercial setting

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