Last Updated
Overview
Workday ERP software offers comprehensive solutions for enterprise resource planning, taking things a step ahead with its enterprise management cloud. While navigating it may be challenging at times, its scalability and real-time insights make it a useful asset for businesses aiming for efficiency and growth.
Workday Enterprise Resource Planning (ERP) Tool Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
What is Workday?
Overview
Workday is a cloud-based SaaS (Software as a Service) solution designed to provide Enterprise Resource Planning (ERP) tools to businesses of all sizes across various industry verticals. The software offers a range of accounting and administrative tools to provide businesses with real-time insights, global visibility, and predictive analytics. Workday cares about their clients’ roles when working towards the system’s development. A solitary adaptation of this solution is accessible to address the issues of diverse organizations, as Workday additionally coordinates with an enormous number of business frameworks and applications.
Workday consolidates financials, HR, planning, talent, payroll, analytics, student, and more in a single unified system. The financial management solutions include accounting and finance, revenue management, reporting, and analytics, consolidate and close, revenue management, accounting center, financial planning, expenses, procurement, and project accounting. Audit tools, inventory management, and grants management are also included. Among other features, users are also provided with absence management, benefits administration, as well as automated reconciliation of bank statements.
Pricing: Workday charges are based on the number of modules and users on the platform. Pricing starts at $100 to $200 per employee with a minimum of a three-year contract.
USP: Its unique Prism Analytics tool enables users to upload data from other software solutions to create consolidated reports.
Product Advantages: Intuitive and easy-to-use functionalities. It can easily audit changelogs.
Product Limitations: Too many features make it very complex and difficult to learn but it surely is worth it once you do. Expensive training.
Pros And Cons of Workday Enterprise Resource Planning (ERP) Tool
Pros
The HCM feature streamlines administration and performance management
Provides real-time data access and robust reporting capabilities
Being cloud-based, it allows for seamless updates and scalability
The software is noted for its strong security protocols
Cons
Some users have noted that the software's user interface could benefit from a modern update
Customer support services need improvement
Workday Enterprise Resource Planning (ERP) Tool Reviews
Total 1055 reviews
4.5
All reviews are from verified customers
Rating Distribution
5
Stars62%
4
Stars30%
3
Stars5%
2
Stars2%
1
Stars1%
Share your experience
Marquita Venters
Computer Networking, 500+ employees
More than a year
“All-in-one HR ecosystem”
Pros
I really like that Workday keeps employee data organizational structure, cost centers and payroll all in one place. Bringing together team schedules, performance reviews and compensation updates in a single view has been a real win for both employees and HR teams.
Cons
Request Forms can feel a little tiring to fill out. day to day tasks, like submitting time-off requests or completing requisition forms, often come across as tiring, based on how people talk about using them.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Connor Mitchell
Financial Services, 101-500 employees
More than a year
“complete employee management software”
Pros
This tool comes across as a really complete employee management platform. From my day to day POV, it's genuinely one of the best options out there.
Cons
There's a lot packed into it so getting oriented takes some time. Once you learn how everything fits together though, the platform works really well.
Rating Distribution
Ease of use
9
Value for money
9
Customer Support
10
Functionality
10
Melissa Robertson
Food & Beverages, 500+ employees
Less than 6 months
“Centralized HCM with strong reporting”
Pros
Workday HCM's all-in-one design is what stands out most to me. Keeping payroll, time tracking, benefits and employee profiles inside one ecosystem makes managing data feel much more centralized and secure. Also, the reporting features are genuinely powerful once you get the hang of creating reports.
Cons
Even though the platform is capable, the user interface can feel dated. Tasks related to complex payroll work or digging through historical data aren't always adaptive. Also, getting productive takes a lot of training and custom reporting has a pretty steep learning curve.
Rating Distribution
Ease of use
10
Value for money
9
Customer Support
9
Functionality
8
Frequently Asked Questions
Does Workday offer an API?
Yes, Workday offers a comprehensive API.
What language does Workday support?
Workday primarily supports English, but it also offers multilingual capabilities, including languages such as Spanish, French, German, Chinese, and more, making it accessible to a global user base.
What other apps does Workday integrate with?
Workday integrates with a variety of applications, including popular tools like Salesforce Engage, Microsoft Office 365, Adobe Sign, Slack, and many others.
Does Workday support mobile devices?
Yes, Workday supports mobile devices.
What types of pricing plans does Workday offer?
The software offers a custom pricing plan with a 30-days free trial. Get in touch with us to get a personalized Workday pricing quote.
Who are the typical users of Workday?
The typical users of Workday include large enterprises, mid-sized businesses, and organizations across various industries like finance, healthcare, education, technology, and retail.
What level of support does Workday offer?
Workday provides extensive support through various channels. Users have access to training resources, 24/7 support, and the Workday Community for additional assistance and collaboration.