Expandable vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Expandable
Score 8.0 out of 10
N/A
Expandable is a manufacturing oriented cloud-based ERP from the company of the same name headquartered in Santa Clara.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
ExpandableWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
ExpandableWorkday 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
ExpandableWorkday Financial Management
Features
ExpandableWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Expandable
8.0
Ratings
5% above category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration8.00 Ratings8.60 Ratings
Plug-ins00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Expandable
10.0
Ratings
20% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Role-based user permissions10.00 Ratings9.00 Ratings
Single sign-on capability00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Expandable
8.7
Ratings
19% above category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards7.00 Ratings8.50 Ratings
Standard reports9.00 Ratings9.00 Ratings
Custom reports10.00 Ratings8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Expandable
9.0
Ratings
15% above category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable9.00 Ratings8.90 Ratings
Accounts receivable9.00 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
Expandable
10.0
Ratings
23% above category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking10.00 Ratings9.00 Ratings
Location management10.00 Ratings8.50 Ratings
Automatic reordering00 Ratings8.60 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Expandable
10.0
Ratings
24% 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
Expandable
10.0
Ratings
29% above category average
Workday Financial Management
-
Ratings
Period Close10.00 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Expandable
10.0
Ratings
29% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management10.00 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Expandable
10.0
Ratings
34% above category average
Workday Financial Management
-
Ratings
Forecasting10.00 Ratings00 Ratings
Inventory Planning10.00 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Expandable
-
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
User Ratings
ExpandableWorkday Financial Management
Likelihood to Recommend
7.0
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
-
(0 ratings)
10.0
(0 ratings)
Support Rating
-
(0 ratings)
10.0
(0 ratings)
User Testimonials
ExpandableWorkday Financial Management
Likelihood to Recommend
Expandable fits our companies needs quite well to manage inventory, sales orders, and purchasing. We recently started to also use Expandable to track ECN changes. The ECN functionality is a little limited in the fact it is difficult to add descriptions or parts affected after it has been implemented. I would recommend having an additional program for managing ECN history
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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.
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Pros
  • Great way for everyone on the team to see the same information - sales orders, inventory, purchase orders etc
  • The support team is always very responsive!!
  • Very customizable to create links between screens
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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
  • Data entry on certain tasks can be very tedious (for example effected parts on an ECN)
  • Sometimes data connections for upload are very slow or just flat out fail multiple times. The problem is intermittent so difficult for support to track and fix
  • Certain fields cannot be pulled on a report and require engineering time to create a process to add functionality. It would be nice to have unfiltered access to all fields
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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
No answers on this topic
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
No answers on this topic
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
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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 provide accurate lead times to customers.
  • Accurate revision recording for customer support
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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
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ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis