If you want to make your HR operations easy, keep your employees engaged, and refine your workforce planning, you need a trusted human capital management (HCM) system. Shortlisting one perfect platform is the most important decision for your business.
SAP SuccessFactors and Workday are two of the popular platforms in this space. Both platforms provide excellent solutions with features like core HR, payroll processing, talent management, workforce analytics, and more, but differ in their approach.
In this article, we will compare their main features, functionalities, advantages, drawbacks, and pricing to help you decide which platform suits your business goals and aspirations.
Features | SuccessFactors | Workday |
Payroll Processing | Centralized payroll and off-cycle support, backdated calculations, and localization in more than 50 countries | Cloud-based payroll with real-time automation, smart auditing, built-in analytics, and global reach in 180+ countries |
Workforce Management | Time/absence tracking with auto-approvals, flexible entry, and contingent workforce management | AI-powered scheduling and absence tracking, real-time labor analytics, and unified time/scheduling hub |
Talent Management | AI recruiting, skill-based development, compensation planning, recognition, and succession planning | AI-driven recruiting, skills foundation, personalized onboarding, “Talent Marketplace,” continuous feedback, and succession tools |
Core HR | AI-enabled, localized HR foundation in 100+ countries, global benefits, payroll integration, case/document management, and HR workspace | Unified HR database, configurable processes, Workday Skill Cloud, embedded analytics, global compliance, and mobile/desktop self-services |
Financial Management | Integration with SAP Financial Management combines forecasting, compliance, HR insights, and ESG tracking | Cloud finance platform with AI automation, real-time insights, anomaly detection, and full end-to-end financial operations |
Pricing | Custom Pricing | Custom Pricing |
Sap SuccessFactors provides a comprehensive software suite to help business enterprises organize their workforce needs. The software combines core HR features, with AI-driven innovations, talent management, workforce analytics for a wide range of industries.
It offers advanced Human Capital Management (HCM) capabilities, while emphasizing organizational flexibility, better employee experience, and advanced analytics.
Unique Features Of SuccessFactors
- Sales Performance Management: It automates sales administration processes like area coverage, quota assignment, and benefit compensation management. Refining workflows and minimizing errors boosts productivity and business outcomes.
- WalkMe (Digital Adoption Platform): Provides in-app assistance like tooltips, task lists, and walk-throughs to promote employee onboarding and system adoption. It helps HR teams track problems and simplify processes using analytics, dashboards, and AI-driven insights
- Compensation Planning: Aligns workforce pay with business and HR objectives to help optimize compensation programs. It facilitates managers to motivate their employees with real-time recognition of milestone achievements and key contributors to increase employee engagement
Pros And Cons
Pros
- Features like a learning profile management and goal setting for the next assessment cycle supports employees in achieving their career objectives
- Integration with SAP ERP is valuable to streamline HR and finance processes
- Strong knowledge base and Informative support content make onboarding easier for new employees
Cons
- Lack of flexibility in standard reporting tools requires IT support to generate custom reports
- Extensive feature set makes it hard to set up and customize, may require extra time and resources, leading to higher overhead costs for small budget teams
Workday HCM is a cloud-based human capital management system leading in the U.S. It unifies HR processes, payroll, benefits administration, time tracking, and development, and integrated document handling. AI-powered analytics helps in streamlining workflows, enhancing employee experience, and providing better insights.
Its finance integration helps automate budgeting management processes while providing deeper insights, assisting managers in making decisions to achieve business objectives.
Unique Features Of Workday
- Employee Experience: Predicts employee requirements and provides quick access to those needs to save time and increase productivity. Machine learning helps get relevant insights and recommendations to help employee grow in their roles
- Peakon Employee Voice: Provides consistent, reliable feedback to help you get meaningful insights on DE&I, engagement, and employee well-being. It helps management understand employee feelings and allows them to take immediate action to resolve their issues
- Workday VNDLY (Vendor Management System): Enables a comprehensive workforce strategy by offering standalone usage and deep integration with Workday HCM. It helps businesses manage their workforce, candidate sourcing, onboarding, invoicing, compliance, and offboarding
Pros And Cons
Pros
- Quick and responsive customer support team, helps with faster issue resolution and saves time
- Easy-to-configure system, even for non-technical users
- Visually appealing graphics, make the platform very easy to get used to
Cons
- The extended implementation period can be challenging for small teams and organizations
- Not so flexible goal-setting and feedback tools, as per some users
SAP SuccessFactors uses a per-user, per-module subscription structure. Users can get the option to pick and choose features as per their requirements. Pricing can differ based on the number of users and the scope of selected features.
Workday pricing isn’t published on the official website, but the costs are normally dependent on business needs and deployment complexity. Generally, it offers a subscription-based structure with pricing based on selected modules, number of users, and contract terms.
SAP SuccessFactors and Workday both offer comprehensive HR and financial management capabilities, but their strengths cater to different business needs. SuccessFactors is known for its advanced HR specialization capabilities and integration with the broad spectrum of SAP enterprise.
Workday is recognized for its centralized platform with seamless integration among HR, analytics, and finance. Both platforms offer custom pricing based on selected features and business demands.
Selection for the perfect option comes down to your business priorities; opt for a platform that best aligns with these priorities. If you are still not convinced which of the platforms might be the most suitable option, you can explore our resource center to make an informed decision.