Cetec ERP vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Cetec ERP
Score 7.2 out of 10
N/A
Cetec ERP offers manufacturing web-native ERP As A Service for $50/user. Its design and delivery provide manufacturers with a platform built to increase both capacity and efficiency. Cetec ERP aims to help companies run faster. By providing a single, integrated platform that can be deployed in the cloud or on a local server, Cetec ERP is presented as a high value enterprise system to companies looking for a true path forward for growing a manufacturing operation. Cetec ERP…
$250
per month for 5 users (minimum)
Workday Financial Management
Score 7.9 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
Cetec ERPWorkday Financial Management
Editions & Modules
LITE PLAN
$50
per month 5 STANDARD USER MINIMUM + $0 per month (PER COMPANY, NOT PER USER)
STANDARD PLAN
$50
per month 5 STANDARD USER MINIMUM + $650 per month (PER COMPANY, NOT PER USER)
ENTERPRISE PLAN
$50
per month 5 STANDARD USER MINIMUM + $3200 per month (PER COMPANY, NOT PER USER)
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Offerings
Pricing Offerings
Cetec ERPWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
Community Pulse
Cetec ERPWorkday Financial Management
Features
Cetec ERPWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Cetec ERP
7.3
1 Ratings
4% below category average
Workday Financial Management
8.5
17 Ratings
11% above category average
API for custom integration7.31 Ratings8.614 Ratings
Plug-ins00 Ratings8.416 Ratings
Security
Comparison of Security features of Product A and Product B
Cetec ERP
8.2
3 Ratings
0% above category average
Workday Financial Management
9.0
21 Ratings
10% above category average
Single sign-on capability9.12 Ratings9.021 Ratings
Role-based user permissions7.33 Ratings9.019 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Cetec ERP
7.7
3 Ratings
6% above category average
Workday Financial Management
8.7
23 Ratings
19% above category average
Dashboards8.23 Ratings8.523 Ratings
Standard reports7.33 Ratings9.020 Ratings
Custom reports00 Ratings8.618 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Cetec ERP
6.5
3 Ratings
17% below category average
Workday Financial Management
8.5
19 Ratings
10% above category average
Accounts payable7.33 Ratings8.914 Ratings
Accounts receivable7.33 Ratings9.014 Ratings
Global Financial Support5.51 Ratings8.315 Ratings
Journals and Reconciliations7.33 Ratings8.912 Ratings
Standardized Processes5.53 Ratings9.116 Ratings
Primary and Secondary Ledgers00 Ratings8.715 Ratings
Configurable Accounting00 Ratings8.315 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Cetec ERP
8.5
3 Ratings
7% above category average
Workday Financial Management
8.7
8 Ratings
10% above category average
Inventory tracking8.23 Ratings9.08 Ratings
Location management8.22 Ratings8.57 Ratings
Automatic reordering00 Ratings8.68 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Cetec ERP
7.4
3 Ratings
6% below category average
Workday Financial Management
9.1
9 Ratings
15% above category average
Pricing8.23 Ratings00 Ratings
Order entry8.23 Ratings00 Ratings
Credit card processing9.11 Ratings9.19 Ratings
Cost of goods sold6.43 Ratings00 Ratings
Order Orchestration3.62 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Cetec ERP
8.2
2 Ratings
9% above category average
Workday Financial Management
-
Ratings
Billing Management6.42 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Cetec ERP
3.2
1 Ratings
73% below category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling3.61 Ratings00 Ratings
Task Insight for Project Managers2.71 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Cetec ERP
7.5
2 Ratings
1% above category average
Workday Financial Management
-
Ratings
Production Management5.52 Ratings00 Ratings
Configuration Management6.42 Ratings00 Ratings
Work Execution7.32 Ratings00 Ratings
Manufacturing Costs7.31 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Cetec ERP
6.4
2 Ratings
11% below category average
Workday Financial Management
-
Ratings
Forecasting3.62 Ratings00 Ratings
Inventory Planning7.32 Ratings00 Ratings
Performance Monitoring5.52 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Cetec ERP
-
Ratings
Workday Financial Management
8.4
19 Ratings
16% above category average
Pay calculation00 Ratings8.719 Ratings
Benefit plan administration00 Ratings8.916 Ratings
Direct deposit files00 Ratings8.616 Ratings
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User Ratings
Cetec ERPWorkday Financial Management
Likelihood to Recommend
6.4
(3 ratings)
8.9
(23 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(1 ratings)
Usability
6.4
(1 ratings)
10.0
(5 ratings)
Support Rating
5.5
(1 ratings)
10.0
(5 ratings)
User Testimonials
Cetec ERPWorkday Financial Management
Likelihood to Recommend
Cetec ERP
For our business, Cetec ERP works very well because of all the capabilities it has with traceability, restrictions, and access, and having the data live for any user to see at the same time. The way the system is set up for order processing is more strict which is better for us since it helps with accuracy and traceability. For the production side, since our company is not a manufacturing site, it can be a little overwhelming since there are a lot of fields/data that we do not use, simply because it does not apply to us. Other than that module being a little too advanced for our company, all of the features included "out of the box" are well worth the affordable price that they have for this ERP system.
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Workday
Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
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Pros
Cetec ERP
  • Training and Implementation.
  • Support is great.
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Workday
  • The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
  • The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
  • I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
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Cons
Cetec ERP
  • Role Descriptions: There are default roles that Cetec ERP has already created for you. However, these roles are not detailed as to what access each role has and it makes it difficult to assign these default roles.
  • Reporting: While Cetec ERP's default reports are detailed, there is only minimal customization of reports allowed out of the box. They do have an add-on available for purchase where you can freely customize reports, but our company isn't at that point to purchase this add-on as we only need a small bit of customization beyond what comes out of the box.
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Workday
  • Some of the Workday updates last till like 10 in the morning which prevents employees to clock in and check their times and some cases their schedules
  • Workday can work on opening documents quicker instead of taking couple of minutes or notifying the user when they are ready to download
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Usability
Cetec ERP
Cetec ERP is useful and fairly intuitive, but if you have a difficult time adapting to a ever-changing user interface, it may cause slight discomfort with every major update.
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Workday
Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
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Support Rating
Cetec ERP
Cetec ERP will answer support calls but depending on your level of service contract, it may cost you quick a bit per hour to solve the issues you have. E-mail support is always available and surprisingly responsive.
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Workday
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.
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Alternatives Considered
Cetec ERP
We had been a customer of Cetec on their Legacy system for 20+ years and were always satisfied with their product and support.
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Workday
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 high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
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Return on Investment
Cetec ERP
  • Accuracy: Now that we can restrict access to approved users, our accuracy of inventory has improved.
  • Financial Cleanup: Importing financials that were not yet balanced from previous system caused a ripple and we now have to clean up in this new system.
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Workday
  • We were able to combine 4 different HR modules into one system.
  • We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
  • The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.
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ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis