DDMSPLUS vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
DDMSPLUS
Score 8.7 out of 10
N/A
A distribution ERP software for office product dealers, used to manage an office products business and drive efficiency for both the online and brick-and-mortar locations arms of the company. DMSPLUS combines sales and service, commodity distribution, and project management into a single location, centralizing all critical functions of the business.N/A
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
DDMSPLUSWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
DDMSPLUSWorkday 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
DDMSPLUSWorkday Financial Management
Considered Both Products
DDMSPLUS

No answer on this topic

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
DDMSPLUSWorkday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
DDMSPLUS
4.0
Ratings
57% below category average
Workday Financial Management
8.4
Ratings
16% above category average
Pay calculation1.00 Ratings8.70 Ratings
Benefit plan administration1.00 Ratings8.90 Ratings
Direct deposit files9.90 Ratings8.60 Ratings
Customization
Comparison of Customization features of Product A and Product B
DDMSPLUS
9.4
Ratings
21% above category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration8.90 Ratings8.60 Ratings
Plug-ins9.90 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
DDMSPLUS
9.0
Ratings
10% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability9.00 Ratings9.00 Ratings
Role-based user permissions9.00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
DDMSPLUS
8.6
Ratings
17% above category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards6.90 Ratings8.50 Ratings
Standard reports8.90 Ratings9.00 Ratings
Custom reports9.90 Ratings8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
DDMSPLUS
9.7
Ratings
23% above category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable8.90 Ratings8.90 Ratings
Accounts receivable10.00 Ratings9.00 Ratings
Global Financial Support10.00 Ratings8.30 Ratings
Primary and Secondary Ledgers9.90 Ratings8.70 Ratings
Journals and Reconciliations10.00 Ratings8.90 Ratings
Configurable Accounting9.90 Ratings8.30 Ratings
Standardized Processes9.00 Ratings9.10 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
DDMSPLUS
7.5
Ratings
5% below category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking6.00 Ratings9.00 Ratings
Location management9.00 Ratings8.50 Ratings
Automatic reordering00 Ratings8.60 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
DDMSPLUS
9.2
Ratings
16% above category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing10.00 Ratings00 Ratings
Order entry10.00 Ratings00 Ratings
Credit card processing10.00 Ratings9.10 Ratings
Cost of goods sold9.00 Ratings00 Ratings
Order Orchestration7.00 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
DDMSPLUS
8.5
Ratings
13% above category average
Workday Financial Management
-
Ratings
Billing Management7.00 Ratings00 Ratings
Cash and Asset Management8.90 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting9.00 Ratings00 Ratings
Period Close8.90 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
DDMSPLUS
8.9
Ratings
25% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared9.90 Ratings00 Ratings
Contract Authoring7.00 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated9.90 Ratings00 Ratings
Supplier Management8.90 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
DDMSPLUS
5.3
Ratings
23% below category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization4.00 Ratings00 Ratings
Transportation Execution Management4.00 Ratings00 Ratings
Fulfillment Management4.00 Ratings00 Ratings
Warehouse Workforce Management9.00 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
DDMSPLUS
8.0
Ratings
8% above category average
Workday Financial Management
-
Ratings
Configuration Management8.00 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
DDMSPLUS
9.0
Ratings
23% above category average
Workday Financial Management
-
Ratings
Inventory Planning9.00 Ratings00 Ratings
Performance Monitoring9.00 Ratings00 Ratings
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DDMSPLUSWorkday Financial Management
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Score 8.0 out of 10
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User Ratings
DDMSPLUSWorkday Financial Management
Likelihood to Recommend
9.0
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
9.0
(0 ratings)
10.0
(0 ratings)
Support Rating
9.9
(0 ratings)
10.0
(0 ratings)
User Testimonials
DDMSPLUSWorkday Financial Management
Likelihood to Recommend
it seems to be able to handle multiple locations well. It has a good vpn connection. It makes working at home easy. The problem is it is still run on a dos system. They are removing it slowly, but not all aspects of DDMSPLUS are easy. In my experience, it is hard to get any types of reporting out of that system. For us, AP and payroll are impossible.
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
  • order entry
  • automatic purchasing
  • customer lookup
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
  • When setting up new accounts that have multiple departments and placing contracts under the account, you should only have to do the master account, and the contracts follow through.
  • When setting up contacts under accounts for emails, you have to do each department,, and you have to close out and save before going to the following department, like you can do with adding credit cards.
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
It is a system that can be easily taught. I can hire inside persons and get them up and running really quick. Sales people can go to their customers and get information quickly and easily. It is easy to add inventory to the database and the warehouse learned the system quickly
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
when i call with a problem they are right on top of it and very helpful
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.
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Alternatives Considered
No answers on this topic
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
  • Things like contracts under the master account only instead of having to carry them through to all departments would be a plus!
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