TrustRadius

Epicor CMS vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Epicor CMS
Score 9.6 out of 10
N/A
N/AN/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
Epicor CMSWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Epicor CMSWorkday 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
Epicor CMSWorkday Financial Management
Considered Both Products
Epicor CMS
Michael O'Riley | TrustRadius Reviewer
Michael O'Riley
Director of Information Technology at Humphrey Companies, LLC.
Chose Epicor CMS
We have more control over the backend of CMS and the fact it runs on a 5250 emulator it run a lot faster for data entry.
Workday Financial Management
Wesley Gillean | TrustRadius Reviewer
Wesley Gillean
Regional Controller
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.
Verified User
Anonymous
Chose Workday Financial Management
More features at a better cost.
Verified User
Anonymous
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 …
Verified User
Anonymous
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 …
Verified User
Anonymous
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.
Verified User
Anonymous
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.
JL
Jason Levy
Account Director
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 …
Verified User
Anonymous
Chose Workday Financial Management
Gusto, Zoho Billing and Paylocity
Erin Easterberg | TrustRadius Reviewer
Erin Easterberg
Director of Billing & accounts receivable
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.
Verified User
Anonymous
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.
Verified User
Anonymous
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 …
Verified User
Anonymous
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 …
Verified User
Anonymous
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 …
Zahra Najib | TrustRadius Reviewer
Zahra Najib
Customer Advocate
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.
Verified User
Anonymous
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 …
Verified User
Anonymous
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
Epicor CMSWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Epicor CMS
7.5
Ratings
1% below category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration10.00 Ratings8.60 Ratings
Plug-ins5.00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Epicor CMS
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
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Epicor CMS
5.0
Ratings
36% below category average
Workday Financial Management
8.7
Ratings
19% above category average
Standard reports5.00 Ratings9.10 Ratings
Custom reports5.00 Ratings8.70 Ratings
Dashboards00 Ratings8.50 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Epicor CMS
9.5
Ratings
21% above category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable10.00 Ratings8.90 Ratings
Accounts receivable10.00 Ratings9.00 Ratings
Global Financial Support8.00 Ratings8.30 Ratings
Primary and Secondary Ledgers10.00 Ratings8.70 Ratings
Journals and Reconciliations10.00 Ratings8.90 Ratings
Configurable Accounting10.00 Ratings8.30 Ratings
Standardized Processes10.00 Ratings9.10 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Epicor CMS
10.0
Ratings
23% above category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking10.00 Ratings9.00 Ratings
Automatic reordering10.00 Ratings8.60 Ratings
Location management10.00 Ratings8.50 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Epicor CMS
8.8
Ratings
11% 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
Order Orchestration10.00 Ratings00 Ratings
Credit card processing00 Ratings9.10 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Epicor CMS
8.7
Ratings
15% above category average
Workday Financial Management
-
Ratings
Billing Management10.00 Ratings00 Ratings
Cash and Asset Management10.00 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting7.00 Ratings00 Ratings
Period Close10.00 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Epicor CMS
7.4
Ratings
3% below category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting5.00 Ratings00 Ratings
Project Costing7.00 Ratings00 Ratings
Cost Capture10.00 Ratings00 Ratings
Capital Project Management8.00 Ratings00 Ratings
Customer Contract Compliance5.00 Ratings00 Ratings
Project Revenue Recognition8.00 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Epicor CMS
7.3
Ratings
5% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared5.00 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated7.00 Ratings00 Ratings
Supplier Management8.00 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Epicor CMS
7.3
Ratings
11% above category average
Workday Financial Management
-
Ratings
Control Management7.00 Ratings00 Ratings
Control Efficiency Assessments7.00 Ratings00 Ratings
Issue Detection7.00 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Epicor CMS
8.8
Ratings
28% above category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization9.00 Ratings00 Ratings
Transportation Execution Management9.00 Ratings00 Ratings
Trade and Customs Management8.00 Ratings00 Ratings
Fulfillment Management9.00 Ratings00 Ratings
Warehouse Workforce Management8.00 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Epicor CMS
9.1
Ratings
20% above category average
Workday Financial Management
-
Ratings
Production Process Design9.00 Ratings00 Ratings
Production Management10.00 Ratings00 Ratings
Configuration Management9.00 Ratings00 Ratings
Work Execution9.00 Ratings00 Ratings
Manufacturing Costs9.00 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Epicor CMS
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
Epicor CMS
8.1
Ratings
13% above category average
Workday Financial Management
-
Ratings
Proposal Management8.00 Ratings00 Ratings
Product Master Data Management8.00 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Epicor CMS
-
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
Best Alternatives
Epicor CMSWorkday 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
Epicor CMSWorkday Financial Management
Likelihood to Recommend
9.0
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
8.0
(0 ratings)
10.0
(0 ratings)
Support Rating
7.0
(0 ratings)
10.0
(0 ratings)
User Testimonials
Epicor CMSWorkday Financial Management
Likelihood to Recommend
CMS is well suited for automotive manufacturing businesses.
Michael O'Riley | TrustRadius Reviewer
Michael O'Riley
Director of Information Technology at Humphrey Companies, LLC.
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.
Verified User
Anonymous
Read full review
Pros
  • EDI Order Processing
  • Serialized Inventory Tracking
  • Order Processing
Michael O'Riley | TrustRadius Reviewer
Michael O'Riley
Director of Information Technology at Humphrey Companies, LLC.
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.
Verified User
Anonymous
Read full review
Cons
  • Visual interface
  • Report Customization
Michael O'Riley | TrustRadius Reviewer
Michael O'Riley
Director of Information Technology at Humphrey Companies, LLC.
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.
Verified User
Anonymous
Read full review
Usability
CMS takes time to learn and use the menu driven green screen. However, once you are familiar it makes for fast navigation.
Michael O'Riley | TrustRadius Reviewer
Michael O'Riley
Director of Information Technology at Humphrey Companies, LLC.
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.
LE
Lauren Edwards
Property Manager
Read full review
Support Rating
Support is getting better but can still be slow to respond.
Michael O'Riley | TrustRadius Reviewer
Michael O'Riley
Director of Information Technology at Humphrey Companies, LLC.
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.
Verified User
Anonymous
Read full review
Alternatives Considered
We have more control over the backend of CMS and the fact it runs on a 5250 emulator it run a lot faster for data entry.
Michael O'Riley | TrustRadius Reviewer
Michael O'Riley
Director of Information Technology at Humphrey Companies, LLC.
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.
Verified User
Anonymous
Read full review
Return on Investment
  • Inventory tracibility
  • Order Processing
  • Customer Integration
  • EDI Processing
Michael O'Riley | TrustRadius Reviewer
Michael O'Riley
Director of Information Technology at Humphrey Companies, LLC.
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
Zahra Najib | TrustRadius Reviewer
Zahra Najib
Customer Advocate
Read full review
ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis