Kashoo vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Kashoo
Score 4.9 out of 10
N/A
Kashoo is a simple cloud-based double-entry accounting platform for small businesses. It is mobile-accessible and features include receipt capture, automated invoicing, tax preparation, financial reports, banking, and expense management features.
$324
per year
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
KashooWorkday Financial Management
Editions & Modules
Kashoo
$324
per year
No answers on this topic
Offerings
Pricing Offerings
KashooWorkday Financial Management
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
KashooWorkday Financial Management
Features
KashooWorkday Financial Management
Customization
Comparison of Customization features of Product A and Product B
Kashoo
8.5
Ratings
11% above category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration7.00 Ratings8.60 Ratings
Plug-ins10.00 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Kashoo
9.7
Ratings
15% above category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability9.50 Ratings9.00 Ratings
Role-based user permissions10.00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Kashoo
9.2
Ratings
15% above category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards9.10 Ratings8.50 Ratings
Standard reports9.50 Ratings9.00 Ratings
Custom reports9.00 Ratings8.70 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Kashoo
8.0
Ratings
3% above category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable8.00 Ratings8.90 Ratings
Accounts receivable8.00 Ratings9.00 Ratings
Cash management8.70 Ratings00 Ratings
Bank reconciliation8.00 Ratings00 Ratings
Expense management9.50 Ratings00 Ratings
Time tracking10.00 Ratings00 Ratings
Multi-currency support8.00 Ratings00 Ratings
Regulations compliance10.00 Ratings00 Ratings
Self-service portal10.00 Ratings00 Ratings
Global Financial Support7.50 Ratings8.30 Ratings
Primary and Secondary Ledgers7.90 Ratings8.70 Ratings
Intercompany Accounting8.00 Ratings00 Ratings
Localizations5.50 Ratings00 Ratings
Journals and Reconciliations7.90 Ratings8.90 Ratings
Enterprise Accounting5.00 Ratings00 Ratings
Configurable Accounting7.00 Ratings8.30 Ratings
Standardized Processes7.10 Ratings9.10 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Kashoo
10.0
Ratings
26% 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 sold10.00 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Kashoo
-
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
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Kashoo
-
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
User Ratings
KashooWorkday Financial Management
Likelihood to Recommend
2.1
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.0
(0 ratings)
Usability
4.0
(0 ratings)
10.0
(0 ratings)
Support Rating
1.0
(0 ratings)
10.0
(0 ratings)
User Testimonials
KashooWorkday Financial Management
Likelihood to Recommend
It is great for a small company or sole proprietorship. It is simple and easy and allows you to do your bookkeeping without taking too much of your time. It would not be ideal for a company that needs to track inventory.
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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
  • Mobile app for scanning expenses.
  • Straight to the point actions.
  • Clean user interface (better than the QuickBooks icons!).
  • Importing bank transactions with no upcharge.
  • Receive credit card payments with no credit check.
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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 UI is not nice at all - even with a UI refresh, it still didn't look that great
  • The UX is rough as well - it's not as easy to use until you get used to it - high learning curve
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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
Kashoo is by far the most intuitive and easy to use accounting/bookkeeping solution I've tried, and after using it for several years I'm pleased that it delivers a consistent experience. No surprises, it just works. I don't want to spend any more time than I have to attend to bookkeeping, and Kashoo allows me to do just that.
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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
They were not helpful in resolving my issue on the change to my lifetime deal, and I am not happy with their support. They didn't care at all
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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
Wave Accounting has the UI and UX down perfectly. Their reporting is nice as well, but I felt like things were a little more customizable in Kashoo, so they have the upper hand there.
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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
  • Kashoo has allowed us to manage our finances in a simple way
  • Helps us figure out if we are making money or losing it
  • Affordable than some other accounting tools
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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