Genius Solutions vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Genius Solutions
Score 6.4 out of 10
Mid-Size Companies (51-1,000 employees)
Genius Solutions delivers a complete enterprise resource planning (ERP) solution, including software, implementation services, and field expertise for small to mid-sized custom manufacturers across the US and Canada. Genius ERP is built for SME manufacturers handling make-to-order, engineer-to-order, custom-to-order, and assemble-to-order manufacturing. Genius ERP provides custom manufacturers with the tools they need to reduce costs, increase productivity, and improve the performance…
$1,500
per user for one year
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
Genius SolutionsWorkday Financial Management
Editions & Modules
SAAS
$1500.00
per user for one year
On Premise
$3000.00
per user for one year
No answers on this topic
Offerings
Pricing Offerings
Genius SolutionsWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup Fee$1,500 per user per yearNo setup fee
Additional Details
More Pricing Information
Community Pulse
Genius SolutionsWorkday Financial Management
Considered Both Products
Genius Solutions
Chose Genius Solutions
I am using above mentioned software on different clients. As for manufacturing client Genius Solutions ERP is good easy to maintain inventory, For BOM Creation its help. As per our need this software provides us valuable information and helps the business growing smoothly. …
Chose Genius Solutions
Genius had a far better implementation team and had everything we were looking for without having to super customize a product. The implementation was also far easier than expected due to their ability to manipulate spreadsheets and import them in. We are glad we went with …
Chose Genius Solutions
A lot of reports or filters to suit all needs and the possibility to customize them. You can export a whole, make changes and import the whole. For example, making changes in some BOMs, etc. Have automatic reports every morning with the necessary information.
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
Genius SolutionsWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Genius Solutions
4.5
Ratings
51% below category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration4.50 Ratings8.60 Ratings
Plug-ins00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Genius Solutions
4.6
Ratings
56% below category average
Workday Financial Management
9.0
Ratings
10% above category average
Role-based user permissions4.60 Ratings9.00 Ratings
Single sign-on capability00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Genius Solutions
4.6
Ratings
44% below category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards4.60 Ratings8.50 Ratings
Standard reports4.60 Ratings9.10 Ratings
Custom reports4.60 Ratings8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Genius Solutions
4.5
Ratings
53% below category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable4.50 Ratings8.90 Ratings
Accounts receivable4.50 Ratings9.00 Ratings
Global Financial Support4.50 Ratings8.30 Ratings
Primary and Secondary Ledgers4.50 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
Genius Solutions
4.6
Ratings
53% below category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking4.60 Ratings9.00 Ratings
Automatic reordering00 Ratings8.60 Ratings
Location management00 Ratings8.50 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Genius Solutions
8.5
Ratings
11% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting8.50 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Genius Solutions
-
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
Order Management
Comparison of Order Management features of Product A and Product B
Genius Solutions
-
Ratings
Workday Financial Management
9.1
Ratings
15% above category average
Credit card processing00 Ratings9.10 Ratings
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User Ratings
Genius SolutionsWorkday 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
8.6
(0 ratings)
10.0
(0 ratings)
User Testimonials
Genius SolutionsWorkday Financial Management
Likelihood to Recommend
Genius is well suited to our fabrication business as it covers all sections that need to be addressed in one program e.g. shipping, receiving, Sales orders, Purchase orders, invoicing, Employee clocking times from the scanning machine. easy to navigate between modules where needed once you know how.
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
  • It has a variety of modules and can customize reports or filters to suit all our needs.
  • I appreciate that we can export and import from Excel.
  • This freed us from certain tasks, automate certain processes and be more efficient in our work.
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
  • Customization of reports can be costly.
  • In my opinion the Quality section is not as good as we expected.
  • For Customization we need Power BI knowledge
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
Genius is easy to use but you have to male sure it's set up properly. You also have to make sure you understand what an ERP should do to know the right questions to ask when you contact customer support.
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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
patient, friendly and clear explanations
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
Genius had a far better implementation team and had everything we were looking for without having to super customize a product. The implementation was also far easier than expected due to their ability to manipulate spreadsheets and import them in. We are glad we went with Genius due to the flow of the software and the syncable database. The main thing missed about Quickbooks is the ability to easily fix mistakes by deleting transactions or edit them even after they posted. This however made financials less reliable
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
  • Tracking job costs makes it easy to see where we are in the projects.
  • We save a lot of time for the production of "repeat" jobs.
  • With job tracking from start to finish, we can easily schedule deliveries.
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

Genius Solutions Screenshots

Screenshot of Screenshot of Reports and DashboardScreenshot of Screenshot of Screenshot of Scheduling

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis