Catalyst, by EBM Software vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Catalyst, by EBM Software
Score 7.8 out of 10
N/A
Catalyst from EBM Software in Minneapolis is a cloud-based business performance application suite, designed to provide an environment and workflow for understanding business profitability.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
Catalyst, by EBM SoftwareWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Catalyst, by EBM SoftwareWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalNo setup fee
Additional DetailsFlexible and tiered pricing structures available - monthly, 1-3-5- contracts, and more
More Pricing Information
Community Pulse
Catalyst, by EBM SoftwareWorkday Financial Management
Features
Catalyst, by EBM SoftwareWorkday Financial Management
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Catalyst, by EBM Software
7.1
Ratings
7% below category average
Workday Financial Management
-
Ratings
Customizable dashboards7.10 Ratings00 Ratings
Report Formatting Templates7.10 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Catalyst, by EBM Software
7.7
Ratings
6% below category average
Workday Financial Management
-
Ratings
Drill-down analysis7.10 Ratings00 Ratings
Formatting capabilities8.00 Ratings00 Ratings
Report sharing and collaboration8.00 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Catalyst, by EBM Software
8.0
Ratings
3% below category average
Workday Financial Management
-
Ratings
Publish to PDF7.90 Ratings00 Ratings
Report Delivery Scheduling8.00 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Catalyst, by EBM Software
7.7
Ratings
1% above category average
Workday Financial Management
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)8.00 Ratings00 Ratings
Location Analytics / Geographic Visualization7.00 Ratings00 Ratings
Predictive Analytics8.00 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Catalyst, by EBM Software
8.0
Ratings
9% below category average
Workday Financial Management
-
Ratings
Multi-User Support (named login)8.00 Ratings00 Ratings
Role-Based Security Model8.00 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.00 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Catalyst, by EBM Software
8.0
Ratings
2% above category average
Workday Financial Management
-
Ratings
Responsive Design for Web Access8.00 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile8.00 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Catalyst, by EBM Software
8.0
Ratings
3% below category average
Workday Financial Management
-
Ratings
Long-term financial planning7.00 Ratings00 Ratings
Financial budgeting8.00 Ratings00 Ratings
Forecasting8.00 Ratings00 Ratings
Scenario modeling8.00 Ratings00 Ratings
Management reporting8.90 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Catalyst, by EBM Software
7.2
Ratings
10% below category average
Workday Financial Management
-
Ratings
Financial data consolidation9.00 Ratings00 Ratings
Journal entries and reports8.00 Ratings00 Ratings
Multi-currency management6.00 Ratings00 Ratings
Intercompany Eliminations5.00 Ratings00 Ratings
Minority Ownership7.00 Ratings00 Ratings
Local and consolidated reporting8.00 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Catalyst, by EBM Software
8.0
Ratings
1% below category average
Workday Financial Management
-
Ratings
Financial Statement Reporting8.00 Ratings00 Ratings
Management Reporting9.00 Ratings00 Ratings
Excel-based Reporting7.00 Ratings00 Ratings
Automated board and financial reporting8.00 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Catalyst, by EBM Software
7.2
Ratings
11% below category average
Workday Financial Management
-
Ratings
Personalized dashboards7.10 Ratings00 Ratings
Color-coded scorecards6.00 Ratings00 Ratings
KPIs7.00 Ratings00 Ratings
Cost and profitability analysis8.00 Ratings00 Ratings
Key Performance Indicator setting8.00 Ratings00 Ratings
Benchmarking with external data7.00 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Catalyst, by EBM Software
7.4
Ratings
12% below category average
Workday Financial Management
-
Ratings
Flat file integration8.00 Ratings00 Ratings
Excel data integration7.10 Ratings00 Ratings
Direct links to 3rd-party data sources7.10 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Catalyst, by EBM Software
-
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
Customization
Comparison of Customization features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration00 Ratings8.60 Ratings
Plug-ins00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability00 Ratings9.00 Ratings
Role-based user permissions00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards00 Ratings8.50 Ratings
Standard reports00 Ratings9.00 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
Catalyst, by EBM Software
-
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
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking00 Ratings9.00 Ratings
Automatic reordering00 Ratings8.60 Ratings
Location management00 Ratings8.50 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Catalyst, by EBM Software
-
Ratings
Workday Financial Management
9.1
Ratings
15% above category average
Credit card processing00 Ratings9.10 Ratings
User Ratings
Catalyst, by EBM SoftwareWorkday Financial Management
Likelihood to Recommend
7.9
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
8.8
(0 ratings)
10.0
(0 ratings)
Support Rating
7.8
(0 ratings)
10.0
(0 ratings)
User Testimonials
Catalyst, by EBM SoftwareWorkday Financial Management
Likelihood to Recommend
Catalyst works well, when it works and is very well suited for an ABA environment. But the app development process and the continual list of bug fixes that are never-ending makes this product very hard to recommend.
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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
  • The GUI is easy to navigate on the iPad mini, which we use for charting.
  • The options are simple so there is very little room for mistakes.
  • Charting is easy and the setup allows for necessary fields that must be completed so charting stays uniform.
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  • 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.
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Cons
  • The browser closes unexpectedly at times when refreshing the page and you get logged out
  • The incorrect vendor is chosen by Catalyst a few times
  • The Catalyst file is occasionally not placed on time in the folder
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  • 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.
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Usability
Well.... when it works... it's good. When it doesn't it is very frustrating for our staff.
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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
The support for Catalyst is great and they are usually within the 48 hour response time. There could be a little quicker upload time for invoices that are submitted. They usually show up until the next day on the system and sometimes gives us a stress on time. Overall, the support is quite good
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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
[Catalyst, by EBM Software] is a very easy system to use and is very user friendly. It gives you different ways of researching an invoice and not just one. Catalyst also helps to allow us to research an invoice within seconds and eliminates a lengthy and confusing process. It is a great software for first time users to learn quickly and efficiently.
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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
  • Helps to keep our vendors happy
  • Helps to keep our systems updated
  • Helps to manage our expenses
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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