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…
$50
per month 5 STANDARD USER MINIMUM + $0 per month (PER COMPANY, NOT PER USER)
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
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)
No answers on this topic
Offerings
Pricing Offerings
Cetec ERPWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
Community Pulse
Cetec ERPWorkday Financial Management
Considered Both Products
Cetec ERP
Chose 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.
Chose Cetec ERP
We reviewed plenty of ERP Systems before we decided on Cetec ERP. Going through systems like NetSuite, MS Dynamics, and Oracle, we were able to really define how many features we wanted and what price range we wanted to be in. As a small/midsize company, we needed a system that …
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
Cetec ERPWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Cetec ERP
7.3
Ratings
4% below category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration7.30 Ratings8.60 Ratings
Plug-ins00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Cetec ERP
8.2
Ratings
0% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability9.10 Ratings9.00 Ratings
Role-based user permissions7.30 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Cetec ERP
7.7
Ratings
6% above category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards8.20 Ratings8.50 Ratings
Standard reports7.30 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
Cetec ERP
6.5
Ratings
17% below category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable7.30 Ratings8.90 Ratings
Accounts receivable7.30 Ratings9.00 Ratings
Global Financial Support5.50 Ratings8.30 Ratings
Journals and Reconciliations7.30 Ratings8.90 Ratings
Standardized Processes5.50 Ratings9.10 Ratings
Primary and Secondary Ledgers00 Ratings8.70 Ratings
Configurable Accounting00 Ratings8.30 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Cetec ERP
8.5
Ratings
7% above category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking8.20 Ratings9.00 Ratings
Location management8.20 Ratings8.50 Ratings
Automatic reordering00 Ratings8.60 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Cetec ERP
7.4
Ratings
6% below category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing8.20 Ratings00 Ratings
Order entry8.20 Ratings00 Ratings
Credit card processing9.10 Ratings9.10 Ratings
Cost of goods sold6.40 Ratings00 Ratings
Order Orchestration3.60 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Cetec ERP
8.2
Ratings
9% above category average
Workday Financial Management
-
Ratings
Billing Management6.40 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Cetec ERP
3.2
Ratings
73% below category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling3.60 Ratings00 Ratings
Task Insight for Project Managers2.70 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Cetec ERP
7.5
Ratings
1% above category average
Workday Financial Management
-
Ratings
Production Management5.50 Ratings00 Ratings
Configuration Management6.40 Ratings00 Ratings
Work Execution7.30 Ratings00 Ratings
Manufacturing Costs7.30 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Cetec ERP
6.4
Ratings
11% below category average
Workday Financial Management
-
Ratings
Forecasting3.60 Ratings00 Ratings
Inventory Planning7.30 Ratings00 Ratings
Performance Monitoring5.50 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Cetec ERP
-
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
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User Ratings
Cetec ERPWorkday Financial Management
Likelihood to Recommend
6.4
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
6.4
(0 ratings)
10.0
(0 ratings)
Support Rating
5.5
(0 ratings)
10.0
(0 ratings)
User Testimonials
Cetec ERPWorkday Financial Management
Likelihood to Recommend
Cetec is useful for small to mid-sized companies with various levels of system complexity. It can manage having distributors and customer interfaces. It does fairly well at being a 'one-size fits all' solution. It would probably not be the best fit for large companies 100+ employees because it may not have the integration capability that is typically needed.
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
  • Usage Logs: In the Medical Device Industry, having traceability is key. With this log, the Admin can review any user to see all their activity (viewing, updating, deleting, creating, etc.)
  • Flexibility of Roles: Accessibility is very important. With Cetec ERP, we are able to create our own roles to grant specific access to certain user while denying it from others. This really helps by protecting information from being manipulated by users who do not carry that permission.
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
  • It needs the ability to breakdown sales for multiple customers by product code.
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
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.
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.
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Support Rating
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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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
We reviewed plenty of ERP Systems before we decided on Cetec ERP. Going through systems like NetSuite, MS Dynamics, and Oracle, we were able to really define how many features we wanted and what price range we wanted to be in. As a small/midsize company, we needed a system that fit our needs while still having the capability for growth. Having the system be cloud based rather than a server base, like ProfitKey, also helped us determine our choice. Another feature that we were interested in was a barcoding/mobile feature. Cetec ERP has this out of the box where ProfitKey provided this as an add-on. GSS was the last system that we reviewed in comparison to Cetec and due to its large amounts of unusable features for our company, we decided not to use GSS. The overall price for what you get, responsiveness and helpfulness from their team, and the ability to customize to fit our needs helped make our decision to choose Cetec ERP over all the other systems we reviewed.
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.
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Return on Investment
  • We have been able to streamline costs due to the amount of data now available.
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  • 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