Workday Financial Management Reviews & Product Details


What is Workday Financial Management?

Workday Financial Management is built on a global foundation that provides organizations with the core financial management capabilities expected from a modern 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 an in-memory architecture and 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. Key feature areas: Accounting and Finance Audit and Internal Controls Revenue Management Reporting and Analytics Global Financial Reporting and Consolidation Financial Planning Projects Expenses Procurement Inventory Grants Management Project Billing

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Workday Financial Management Profile Details

Workday Financial Management Profile Details

Provided by:

Provided by:
Lily Tse

Website
www.workday.com
Related Links
Q&A
Languages Supported
Chinese, English, French, German, Italian, Japanese, Portuguese, Spanish
Vendor
Workday
Company Website
Year Founded
2005
Total Revenue (USD mm)
282
HQ Location
Pleasanton, CA
Phone
(925) 951-9000
Ownership
NYSE:WDAY
LinkedIn® Page
www.linkedin.com
Employees on LinkedIn®
11,943
Twitter
@Workday
Twitter Followers
43,662
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Companies Using Workday Financial Management

Microsoft
Salesforce
Adobe
Google
Amazon
VMware
Intuit
LinkedIn
Accenture
Hewlett-Packard
Facebook
Rackspace

Workday Financial Management Reviews

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1-46 of 46 total Workday Financial Management reviews

Workday Financial Management Reviews

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1-46 of 46 total Workday Financial Management reviews
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senior managing director
Mid-Market
(51-200 employees)
Validated Reviewer
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Business partner of the vendor or vendor's competitor, not included in G2 scores.

"senior managing director cola-cola company"

What do you like best?

It is the tool that one can hold data out of the personel one is entering.One can also upload the invoices given and the expenditures of the funds one is given.One has the access details that are of smooth business for easy management tracking.people can access their payslips electronically with no hard work given.To the organisations one can easly reconcile any sorts of business transactions through the office invoices.

What do you dislike?

Sometimes it becomes hard in creating the office reports that could be of greator need.To the small organisations it becomes too expencive that at times brings negative effect towards them.The features are at times good but the organisation of the features to be increased to for easy doing of work.The program should be updated for the organisation effect.At times also the features requires the different permits to be used.

Recommendations to others considering the product:

The software is usefull in the financial management to the various work sectors.

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

By letting the staff people get to know the financial information when they need to.By also helping the customers solve problems after they live the financial problems.also helps the oragisations and their employees get connected easy with no gratee given to them.one can also find things that he or she needs with no struggle required to the organisation.

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Analista Service Desk II
Small-Business
(2-10 employees)
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"Workday is a good tool to maintain your financial organization"

What do you like best?

Workday is very useful for people who enter a company. As you read, this indicates that you must complete the documents, complete what your priorities will be in your area of work, in the tool you will also load the data of the personnel you are entering. Users can upload invoices of expenditures made or requests for funds for them, they indicate that it is easy to use and that it helps them to organize their priorities, their cats and the objectives they wish to achieve at work, such as the projects they wish to develop .

What do you dislike?

Users indicate that the program should be a little more updated, most of them have to write them all, there are no options to select categories, they were some of the complaints that they indicated to me during their use of the program, For example, the company produced an error that only had a browser, with other problems generated.

Fortunately for the last update that I saw of the tool this was solved.

Recommendations to others considering the product:

This is a great program that helps to organize the charges of invoices, requests among others.

It is recommended to give training and maintain a program guide and its updated functionality, so that its use is not complicated.

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

The failures that I present were mostly connection, but it was due to local failures, but not the application, This is on the right track keeps transactions of a particular user in one place and in turn allows to keep things moving everything is in a only place for all users who use the tool and have access to review it.

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U
Mid-Market
(201-500 employees)
Validated Reviewer
Verified Current 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 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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UR
Validated Reviewer
Verified Current User
Review Source
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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 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.

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U
Small-Business
(11-50 employees)
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Verified Current 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 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.

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CD
Enterprise
(10,001+ employees)
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"Great for streamlining Financials"

What do you like best?

The system takes time to get used to but has so much functionality at your fingertips. You can set up your tenant in whatever way makes sense for your company.

What do you dislike?

The literal search can throw people off but I kind of like the fact that if you type a word incorrectly nothing comes up.

Recommendations to others considering the product:

There is so much functionality and it can make financial reporting alot easier. I recommend any customer trying it.

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

Helping customers troubleshoot problems after they go live with Workday Financials. The Financials Module is a great tool and using Community to understand all the functionality and the issues that Customers have run into already really helps troubleshoot.

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Finance Intern
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"Used for personal profile, would absolutely recommend!"

What do you like best?

First of all, it is very helpful for initiating people at a company. It has prompts you have to complete regarding documents, general information, etc. Later on it is very easy to use, it shows all the financial information you would need to access on a constant basis.

What do you dislike?

There are several features that require different permits to use. I understand it is a security/confidentiality issue, but maybe grouping them would be helpful

Recommendations to others considering the product:

Make the most out of it and out of all the features it provides

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

Letting all the employees be aware of their financial information whenever they need to. It makes payroll and other processes much more transparent

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Mr.
Mid-Market
(201-500 employees)
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"Workday makes my work day less stressful."

What do you like best?

Workday community the best part where you put up issues and get advice from organisation experiencing similar problems. Also to integrate it with other organisational needs like HRM helps report some really important organisational data.

What do you dislike?

Seems like a bit slow in the work organisation but it might be just my perception.

Recommendations to others considering the product:

Workday community the best part where you put up issues and get advice from organisation experiencing similar problems. Also to integrate it with other organisational needs like HRM helps report some really important organisational data.

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

everything is in one place - time off; evaluations; goals; job openings. I love one-stop shops.

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Help Center Technician
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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 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.

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UH
Enterprise
(10,001+ employees)
Validated Reviewer
Verified Current User
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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 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.

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Consultant
Mid-Market
(501-1000 employees)
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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 problems are you solving with the product? What benefits have you realized?

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

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U
Enterprise
(10,001+ employees)
Validated Reviewer
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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 problems are you solving with the product? What benefits have you realized?

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

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Research Assistant
Enterprise
(5001-10,000 employees)
Validated Reviewer
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"easy to use "

What do you like best?

easy way to upload hours, manage preferences, request time off

What do you dislike?

requires additional security every time you log in -- secure but annoying

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

great way to log hours and communicate with boss, available in app or web form

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UB
Enterprise
(10,001+ employees)
Validated Reviewer
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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 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.

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UE
Enterprise
(1001-5000 employees)
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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 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...

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Operation analyst
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"Best software to manage employees"

What do you like best?

It is a platform to manage the employees workload and enforce internal communcation. Basically it is a company interface for its employees

What do you dislike?

I do not like the simplicity design of the workday. Also, it is very costly to buy the product for small scale companies

Recommendations to others considering the product:

Make sure you calculate the cost to implement in your organization

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

Managing human resources load of the organization

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UI
Enterprise
(10,001+ employees)
Validated Reviewer
Verified Current User
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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 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.

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UR
Enterprise
(1001-5000 employees)
Validated Reviewer
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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 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.

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Blavatnik Associate
Research
Validated Reviewer
Verified Current User
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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 problems are you solving with the product? What benefits have you realized?

Requesting purchase orders, creating expense reports, searching financial documents

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UM
Validated Reviewer
Review Source
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"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 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.

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Graduate student
Enterprise
(1001-5000 employees)
Validated Reviewer
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"Good place to view salary breakdown and tax cuts"

What do you like best?

The best feature Is that it is a one stop destination for keep track of all your pay slips and also the salary breakdown including tax cuts

What do you dislike?

There is nothing that I had an issue with.

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

Problem of keeping track of all our pay slips and tax forms

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UN
Mid-Market
(501-1000 employees)
Validated Reviewer
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"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 problems are you solving with the product? What benefits have you realized?

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

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UF
Enterprise
(5001-10,000 employees)
Validated Reviewer
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"Work Day Review "

What do you like best?

Easy to use. We use it to update our information, request time off, check paystubs etc., and it is super efficient.

What do you dislike?

Nothing - website is perfect and never is laggy or slow.

Recommendations to others considering the product:

If you need any product for time off, personal information updating, paystubs, etc., this is a great product for that!

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

Gives us an easy website to go on and request time off, change our personal information, and check payroll information. It is accessible at work and at home which is super helpful.

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Corporate Audit Analyst
Banking
Enterprise
(10,001+ employees)
Validated Reviewer
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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 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.

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Jessica Gwinn
Enterprise
(5001-10,000 employees)
Validated Reviewer
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"Excellent program"

What do you like best?

Workday is a simple way to keep tasks organized. It is extremely helpful in prioritizing work events and deadlines.

What do you dislike?

Workday is a little plain in layout, so it's not too inviting.

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

Workday is used to organize and prioritize tasks. It helps me stay focused and prepared.

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U
Enterprise
(10,001+ employees)
Validated Reviewer
Verified Current User
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"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 problems are you solving with the product? What benefits have you realized?

I’m still exploring and learning new stuff.

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UR
Small-Business
(2-10 employees)
Validated Reviewer
Verified Current User
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"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 problems are you solving with the product? What benefits have you realized?

HR responsibilities.

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Member Services Representative
Enterprise
(1001-5000 employees)
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"Great service"

What do you like best?

It is nice for viewing check stubs as well as benefits

What do you dislike?

I don’t like how I can’t view it from hom

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

Viewing check stubs if very nice

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VP Global Systems Development
Information Technology and Services
Enterprise
(1001-5000 employees)
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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 problems are you solving with the product? What benefits have you realized?

Finance Ops - GL, AP, AR, FA

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UN
Mid-Market
(201-500 employees)
Validated Reviewer
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"Efficient Use of Financial Organization"

What do you like best?

It is streamlined with all of the functions for a specific area to meet the end result needed for a task. It also set a lock so another user can not access and manipulate any of the data.

What do you dislike?

There is nothing I didn’t like. I think it is an excellent software.

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

Recording and entering transactions of Accounts Receivable.

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U
Validated Reviewer
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"Great for at work and remote use"

What do you like best?

Easy to navigate and keep track of hours worked and earned time off of work.

What do you dislike?

I do dislike entering my time, it took a little while for me to get used to the design

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

It has made it easier for me to track my time and contact my supervisors, yearly performance reviews are quick and easy.

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U
Enterprise
(10,001+ employees)
Validated Reviewer
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"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 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.

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UC
Small-Business
(2-10 employees)
Validated Reviewer
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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 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.

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U
Enterprise
(5001-10,000 employees)
Validated Reviewer
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"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 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.

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E
Enterprise
(10,001+ employees)
Validated Reviewer