Microsoft Dynamics 365 for Finance and Operations (or Dynamics AX) was an ERP product in the Dynamics family. It has been split into separate Dynamics 365 products and is no longer available.
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Workday Financial Management
Score 7.8 out of 10
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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…
Using this Microsoft platform is the similarity of the structure and appearance of the software and their integration and easy integration with each other, which makes the work easier for users and employees of the company.
Microsoft D365 FO stands out amongst the competitors with its strong backing on the Microsoft Azure cloud and the life cycle services is the best I’ve seen. There is a ways to go in making it low/no code and mobile is there but not great. Overall an ok product as ERP is a …
Cost and local regional compliance were primary factors in chosing Microsoft Dynamics AX over SAP Access Control for our need. SAP AC would have provided easier integration into our primary ERP system SAP but there were some regional compliance with ASEAN countries as well as …
I was not part of the decision making process to select Microsoft Dynamics AX, however, I do know that an exhaustive search was done and many options were considered alongside Microsoft Dynamics AX and I feel that the right decision was made in choosing this solution.
SAP--there is no way to compare these as SAP is large and complicated as it is not a single integrated system - but many system underneath the GUI / Cover of SAP. No process flexibility that is so needed in our competitive world where global competition requires change at a …
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.
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 …
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 …
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.
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.
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 …
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.
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.
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 …
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 …
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 …
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 …
I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it!
It integrates fully with the other Microsoft software we use daily, and this coordination speeds up our work and gives us the agility to run easily. For example, in a purchase inquiry, the customer, after submitting a request, identifies the teams that should work on the project, and if they need further review by other people, they are added to the process, and everything is managed seamlessly rather than the sales process. Get the result as fast as possible.
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.
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.
Sales Ledger. Currently, the idea behind the sales ledger module is that the company prepares a sales order for another company. I would prefer the developers consider the scenario where a sales order is prepared for the same company but for another branch or unit.
Postings of issues items are currently possible but none of the modules caters to "departmental material or item request". Further tweaks have been done on our Project Module to cater for this but it's not entirely perfect. This will enable aid in cost allocation per departmental request of materials or items.
Challenges with the bank module - does not allow for easily reconciliation as the statement from the banks can not be uploaded except for specific format.
Microsoft Dynamics continues to evolve by bringing more functionality to the customer. Also there are several independent software providers that offer a wide range of solutions for vertical markets.
Overall the product does what we need it to do in order for us to function as a company. While there are some concerns over ongoing costs, the belief is, once we have it fully acclimated to our business the cost should settle into alignment with our original expectations. The new features that are consistently being added do add value to the product as they are usually customer request directed.
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.
Some integration and high volume ramping challenges, particularly with BizTalk and SQL Server, but getting sorted out. Outages over time appeared to be more dependent on integration complexity than AX MES.
Some integration and high volume ramping challenges, particularly with BizTalk and SQL Server, but getting sorted out. Outages over time appeared to be more dependent on integration complexity than AX MES.
We use a 3rd-party Microsoft Partner for the system. They are responsive and very knowledgeable. While costs have been mentioned several times in this review they are very aware of costs and have developers who are more economical they use to help offset the level of work required to meet our changes and fix our issues.
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.
It took a lot of work, but Microsoft ultimately did a good job with in-person training, including being onsite in multiple global locations for extended periods.
Our solution deviated from a number of key out-of-the-box standards that were included in Online training. We just used that for introduction to the general functionality.
Some rough spots, but ultimately worked out. The contract didn't appear to be structured to support the level of overlapping facility deployments required to meet timeline commitments. Merging cultures on the program was also challenging. Overall, not an easy implementation by any stretch. Everyone did the best they could.
Cost and local regional compliance were primary factors in chosing Microsoft Dynamics AX over SAP Access Control for our need. SAP AC would have provided easier integration into our primary ERP system SAP but there were some regional compliance with ASEAN countries as well as the cost of implementation was more over Microsoft Dynamics AX.
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.
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