ABB Ability Solution Suite vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
ABB Ability Solution Suite
Score 9.9 out of 10
N/A
The ABB Ability Solution Suite is an enterprise ERP product suite designed for asset-intensive industries like power generation and water management.N/A
Workday Financial Management
Score 7.8 out of 10
N/A
Workday Financial Management is a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…N/A
Pricing
ABB Ability Solution SuiteWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
ABB Ability Solution SuiteWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
ABB Ability Solution SuiteWorkday Financial Management
Considered Both Products
ABB Ability Solution Suite
Chose ABB Ability Solution Suite
Better suited for the ABB System as Microsoft is a third party for ABB Control System.
Workday Financial Management
Chose Workday Financial Management
We are still using Applied Epic for our end AMS system to record client and policy info for our agencies. Workday is a great add on tool we use for our consolidated financials.
Chose Workday Financial Management
More features at a better cost.
Chose Workday Financial Management
Workday Financial Management provides a seamless experience to access your required documents or review your pay history. Everything can be done in one place. It true is the one stop shop for digital HR hub to open up self serve to employees. Workday Financial Management has …
Chose Workday Financial Management
Despite AirTable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs …
Chose Workday Financial Management
I have much less experience working with Salesforce finicial application. but as per my knowledge it also provides reboust features and one of the top competitor of its. Workday Financial Management need to improve more and more to sustain.
Chose Workday Financial Management
WFM is integrated with SSO, while others are not fully integrated. SAP Concur was used mostly for expense report management, while Deltek Costpoint was used for project time and cost management. Deltek was not very user-friendly, unreliable, and expensive for what it handled.
Chose Workday Financial Management
Workday is far superior to UKG. UKG felt cumbersome while being used, whereas Workday felt easy and intuitive. Workday allows for an easier flow of completing numerous everyday functions. I aim to integrate it into as many of my daily work routines as I can, reducing the time …
Chose Workday Financial Management
Gusto, Zoho Billing and Paylocity
Chose Workday Financial Management
Workday Financial Management absolutely blows them out of the water. Hands down is the best choice. It’s the clear winner for all teams using it. It can change your employees lives and day to day software challenges to speed up and develop reports needed across departments.
Chose Workday Financial Management
The processing power of Workday Financial Management we much better. The other systems didn't run as fast when trying to look at the financials or running any of the various reports that we would need. It also has a cleaner view when looking at the details.
Chose Workday Financial Management
The application data of users in the case of PeopleSoft is stored in its proprietary data storage, whereas Workday Financial Management connects to outside databases to create analytics reports. Therefore, this option uplifts the need to use Workday Financial Management as an …
Chose Workday Financial Management
We went from PeopleSoft to Workday because of the efficiency and ease of use. There were a lot of limitations in PeopleSoft, just in simple things like character limits on fields that did not allow us to be as detailed. Workday Financial Management/Revenue Management has very …
Chose Workday Financial Management
The costs to implement Hyperion were astronomical comparted to Workday. Furthermore, the implementation timeline was probably a third of what we would have been looking at had we gone with Hyperion. Simply put, we got somewhere in the neighborhood of 90% of what we needed for …
Chose Workday Financial Management
  • It is a simple and intuitive solution that can be customized for your specific needs.
  • It unifies HR and finance, giving you predictive analytics, real-time insights, and global visibility.
  • It offers a single version of the tool to meet the requirements of diverse companies.
Chose Workday Financial Management
Stacking up it was a faster and more inexpensive implementation. Granted it was still early in the system development years, but the results and the five years of using it speak for themselves. Cloud we wanted, comprehensive financials was a core functional requirement and …
Chose Workday Financial Management
I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it!
Features
ABB Ability Solution SuiteWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
ABB Ability Solution Suite
10.0
Ratings
27% above category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration10.00 Ratings8.60 Ratings
Plug-ins10.00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
ABB Ability Solution Suite
10.0
Ratings
20% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability10.00 Ratings9.00 Ratings
Role-based user permissions10.00 Ratings9.00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
ABB Ability Solution Suite
10.0
Ratings
23% above category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking10.00 Ratings9.00 Ratings
Location management10.00 Ratings8.50 Ratings
Automatic reordering00 Ratings8.60 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
ABB Ability Solution Suite
10.0
Ratings
24% above category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing10.00 Ratings00 Ratings
Order entry10.00 Ratings00 Ratings
Cost of goods sold10.00 Ratings00 Ratings
Credit card processing00 Ratings9.10 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
ABB Ability Solution Suite
10.0
Ratings
38% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling10.00 Ratings00 Ratings
Task Insight for Project Managers10.00 Ratings00 Ratings
Project Mobile Functionality10.00 Ratings00 Ratings
Definable Resource Pools10.00 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
ABB Ability Solution Suite
10.0
Ratings
30% above category average
Workday Financial Management
-
Ratings
Production Process Design10.00 Ratings00 Ratings
Production Management10.00 Ratings00 Ratings
Configuration Management10.00 Ratings00 Ratings
Work Execution10.00 Ratings00 Ratings
Manufacturing Costs10.00 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
ABB Ability Solution Suite
10.0
Ratings
34% above category average
Workday Financial Management
-
Ratings
Forecasting10.00 Ratings00 Ratings
Inventory Planning10.00 Ratings00 Ratings
Performance Monitoring10.00 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
ABB Ability Solution Suite
10.0
Ratings
33% above category average
Workday Financial Management
-
Ratings
Proposal Management10.00 Ratings00 Ratings
Product Master Data Management10.00 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
ABB Ability Solution Suite
-
Ratings
Workday Financial Management
8.4
Ratings
16% above category average
Pay calculation00 Ratings8.70 Ratings
Benefit plan administration00 Ratings8.90 Ratings
Direct deposit files00 Ratings8.60 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
ABB Ability Solution Suite
-
Ratings
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards00 Ratings8.50 Ratings
Standard reports00 Ratings9.10 Ratings
Custom reports00 Ratings8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
ABB Ability Solution Suite
-
Ratings
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable00 Ratings8.90 Ratings
Accounts receivable00 Ratings9.00 Ratings
Global Financial Support00 Ratings8.30 Ratings
Primary and Secondary Ledgers00 Ratings8.70 Ratings
Journals and Reconciliations00 Ratings8.90 Ratings
Configurable Accounting00 Ratings8.30 Ratings
Standardized Processes00 Ratings9.10 Ratings
Best Alternatives
ABB Ability Solution SuiteWorkday Financial Management
Small Businesses
Zoho One
Zoho One
Score 8.9 out of 10
Zoho One
Zoho One
Score 8.9 out of 10
Medium-sized Companies
Infor VISUAL
Infor VISUAL
Score 8.0 out of 10
Infor VISUAL
Infor VISUAL
Score 8.0 out of 10
Enterprises
24SevenOffice
24SevenOffice
Score 9.0 out of 10
24SevenOffice
24SevenOffice
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
ABB Ability Solution SuiteWorkday Financial Management
Likelihood to Recommend
10.0
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
10.0
(0 ratings)
10.0
(0 ratings)
Support Rating
10.0
(0 ratings)
10.0
(0 ratings)
User Testimonials
ABB Ability Solution SuiteWorkday Financial Management
Likelihood to Recommend
Of course this is the one of the best solution available in the market at present. When you have Multiple system in a plant then you need a powerful tool for Computation which Ability does it smoothly.
Read full review
Our primary model for budgeting revenue is centered on patient counts. Missed assumptions early in the year result in massive ramifications over the balance of the year. Workday formulas allowed us to write formulas to project the recovery of such shortfalls over a variable length of time, resulting in realistic projections for overcoming said shortfalls.
Read full review
Pros
  • Computation of data.
  • Presentation to right person.
  • Ability to perform critical task and sending to users.
  • Multiple control system connectivity.
Read full review
  • We specically wanted a cloud financial management system that we could use in China and communicate reports to the headquarters organization and roll-up reporting. It performs well.
  • It was reasonably priced since we are not a for-profit company and need the Workday flexibility for finance and accounting operations. Most of our requirements are met with this one system.
  • The system worked efficiently with the additional security we built on to keep confidential. Many reports are ready off-the-shelf or easy to develop, which is a strength.
Read full review
Cons
  • May be for smaller PLCs this can't be implemented.
  • Cost may an area ABB can look in to.
  • Improvement in GUI
Read full review
  • The automatic save function isn't always active for the cloud version. I'm not sure if it is a glitch or a settings issue.
  • There are some limitations to customizations.
  • Updates don't go through properly on the system, leading to downtime issues.
Read full review
Usability
One of the best solutions in the market with a user-friendly system. This is very useful when the ABB system (Like we had 800xA) is there, new or existing; all the ABB systems can be integrated using this rather than going to a 3rd party vendor, which may have interface problems.
Read full review
Workday Financial Management is an easy to use, productive software suite that really brings all departments together and improved workplace efficiency. Before we began using the software, much info was partitioned in random places that were not clearly labeled or accessible to all shareholders. We are very pleased with Workday Financial Management.
Read full review
Support Rating
Good support in terms of quality and promptness. When we had problems with some of the commands not getting executed, their online support also provided a good solution to solve the problem. Even mission-critical task we were able to solve during this Pandemic time. The suggestion is to go for the online support 1st in the future, followed by a visit.
Read full review
Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
Read full review
Alternatives Considered
Better suited for the ABB System as Microsoft is a third party for ABB Control System.
Read full review
The application data of users in the case of PeopleSoft is stored in its proprietary data storage, whereas Workday Financial Management connects to outside databases to create analytics reports. Therefore, this option uplifts the need to use Workday Financial Management as an interactive tool of business intelligence. The release model of Workday Financial Management is ahead of Oracle because it has a continual announcement of more functionality that is a very attractive incentive for our project management team for improving and developing the ongoing operational streams.
Read full review
Return on Investment
  • Positive is definitely ROI since manual intervention is minimized and the process is automated.
  • Cost wise, ABB has been looked upon considering the small industry.
  • Overall, a good solution for a large companies.
Read full review
  • Workday has helped my employer save money over the past couple of year by tracking time of employees and how long were days looking like.
  • It has enables us to make better decisions by hiring more people instead of paying overtime to those who already work in order to have the right work/leisure balance
  • The platform has also helped us to redesign our policies after seeing when employees were clocking in and clocking out and track people who were showing up late for work
Read full review
ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis