Microsoft Dynamics AX (discontinued) vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Microsoft Dynamics AX (discontinued)
Score 9.1 out of 10
N/A
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.N/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
Microsoft Dynamics AX (discontinued)Workday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Microsoft Dynamics AX (discontinued)Workday 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
Microsoft Dynamics AX (discontinued)Workday Financial Management
Considered Both Products
Microsoft Dynamics AX (discontinued)
Chose Microsoft Dynamics AX (discontinued)
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.
Chose Microsoft Dynamics AX (discontinued)
Dynamics AX is one of the most advanced ERPs out there. When your business needs grow, many other smaller ERPs struggle to cover them.
Chose Microsoft Dynamics AX (discontinued)
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 …
Chose Microsoft Dynamics AX (discontinued)
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 …
Chose Microsoft Dynamics AX (discontinued)
I found a smaller cost in AX and higher flexibility in process definition and in features customization
Chose Microsoft Dynamics AX (discontinued)
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.
Chose Microsoft Dynamics AX (discontinued)

Microsoft Dynamics AX is more user friendly compared to our old ERP system.

With the growth of the company, the old way to generate from the old ERP system is too slow and not competent enough.

We need to get the data as fast as possible.

Chose Microsoft Dynamics AX (discontinued)
Not as user-friendly and takes more time to input invoices but gets slightly faster as you get used to their quirks.
Chose Microsoft Dynamics AX (discontinued)
In all cases Dynamics proved to be a more affordable overall investment compared to Oracle and SAP as well as a less complicated implementation.
Chose Microsoft Dynamics AX (discontinued)

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 …

Chose Microsoft Dynamics AX (discontinued)
Customization capabilities are far more beneficial than a rigid product like SAP.
Chose Microsoft Dynamics AX (discontinued)
Oracle business suite 11i. DAX is simpler and easier to install and customize.
Chose Microsoft Dynamics AX (discontinued)
Oracle. Cost and mitigation of single platform risk, as we also use Oracle for Finance, Order Mgt, etc.
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
Microsoft Dynamics AX (discontinued)Workday Financial Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Microsoft Dynamics AX (discontinued)
8.8
Ratings
20% above category average
Workday Financial Management
8.4
Ratings
16% above category average
Pay calculation9.00 Ratings8.70 Ratings
Benefit plan administration9.00 Ratings8.90 Ratings
Direct deposit files8.00 Ratings8.60 Ratings
Customization
Comparison of Customization features of Product A and Product B
Microsoft Dynamics AX (discontinued)
7.0
Ratings
8% below category average
Workday Financial Management
8.5
Ratings
11% above category average
API for custom integration5.00 Ratings8.60 Ratings
Plug-ins8.90 Ratings8.40 Ratings
Security
Comparison of Security features of Product A and Product B
Microsoft Dynamics AX (discontinued)
6.0
Ratings
31% below category average
Workday Financial Management
9.0
Ratings
10% above category average
Single sign-on capability5.00 Ratings9.00 Ratings
Role-based user permissions7.00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Microsoft Dynamics AX (discontinued)
8.3
Ratings
14% above category average
Workday Financial Management
8.7
Ratings
19% above category average
Dashboards9.00 Ratings8.50 Ratings
Standard reports7.00 Ratings9.10 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
Microsoft Dynamics AX (discontinued)
8.2
Ratings
6% above category average
Workday Financial Management
8.5
Ratings
10% above category average
Accounts payable7.00 Ratings8.90 Ratings
Accounts receivable7.00 Ratings9.00 Ratings
Global Financial Support8.00 Ratings8.30 Ratings
Primary and Secondary Ledgers9.00 Ratings8.70 Ratings
Journals and Reconciliations7.00 Ratings8.90 Ratings
Configurable Accounting9.00 Ratings8.30 Ratings
Standardized Processes8.90 Ratings9.10 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Microsoft Dynamics AX (discontinued)
8.7
Ratings
10% above category average
Workday Financial Management
8.7
Ratings
10% above category average
Inventory tracking8.00 Ratings9.00 Ratings
Automatic reordering9.00 Ratings8.60 Ratings
Location management9.00 Ratings8.50 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Microsoft Dynamics AX (discontinued)
7.6
Ratings
3% below category average
Workday Financial Management
9.1
Ratings
15% above category average
Pricing8.00 Ratings00 Ratings
Order entry9.00 Ratings00 Ratings
Credit card processing3.00 Ratings9.10 Ratings
Cost of goods sold8.00 Ratings00 Ratings
Order Orchestration9.00 Ratings00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Microsoft Dynamics AX (discontinued)
8.7
Ratings
15% above category average
Workday Financial Management
-
Ratings
Billing Management8.90 Ratings00 Ratings
Cash and Asset Management8.00 Ratings00 Ratings
Travel & Expense Management8.90 Ratings00 Ratings
Budgetary Control & Encumbrance Accounting8.90 Ratings00 Ratings
Period Close8.00 Ratings00 Ratings
Project Financial Management
Comparison of Project Financial Management features of Product A and Product B
Microsoft Dynamics AX (discontinued)
8.9
Ratings
16% above category average
Workday Financial Management
-
Ratings
Budgeting and Forecasting9.00 Ratings00 Ratings
Project Costing8.00 Ratings00 Ratings
Cost Capture8.00 Ratings00 Ratings
Capital Project Management9.00 Ratings00 Ratings
Customer Contract Compliance9.00 Ratings00 Ratings
Project Revenue Recognition8.90 Ratings00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Microsoft Dynamics AX (discontinued)
8.8
Ratings
24% above category average
Workday Financial Management
-
Ratings
Project Planning and Scheduling8.90 Ratings00 Ratings
Task Insight for Project Managers9.00 Ratings00 Ratings
Project Mobile Functionality6.00 Ratings00 Ratings
Definable Resource Pools9.00 Ratings00 Ratings
Grants Management
Comparison of Grants Management features of Product A and Product B
Microsoft Dynamics AX (discontinued)
8.7
Ratings
16% above category average
Workday Financial Management
-
Ratings
Award Lifecycle Management9.00 Ratings00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Microsoft Dynamics AX (discontinued)
8.7
Ratings
22% above category average
Workday Financial Management
-
Ratings
Bids Analyzed and Compared9.00 Ratings00 Ratings
Contract Authoring9.00 Ratings00 Ratings
Contract Repository9.00 Ratings00 Ratings
Requisitions-to-Purchase Orders Integrated8.00 Ratings00 Ratings
Supplier Management8.00 Ratings00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Microsoft Dynamics AX (discontinued)
8.8
Ratings
30% above category average
Workday Financial Management
-
Ratings
Risk Repository9.00 Ratings00 Ratings
Control Management9.00 Ratings00 Ratings
Control Efficiency Assessments9.00 Ratings00 Ratings
Issue Detection9.00 Ratings00 Ratings
Remediation and Certification9.00 Ratings00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Microsoft Dynamics AX (discontinued)
8.5
Ratings
24% above category average
Workday Financial Management
-
Ratings
Transportation Planning and Optimization8.00 Ratings00 Ratings
Transportation Execution Management8.00 Ratings00 Ratings
Trade and Customs Management8.90 Ratings00 Ratings
Fulfillment Management8.00 Ratings00 Ratings
Warehouse Workforce Management10.00 Ratings00 Ratings
Manufacturing
Comparison of Manufacturing features of Product A and Product B
Microsoft Dynamics AX (discontinued)
7.7
Ratings
4% above category average
Workday Financial Management
-
Ratings
Production Process Design9.00 Ratings00 Ratings
Production Management8.00 Ratings00 Ratings
Configuration Management7.00 Ratings00 Ratings
Work Execution8.00 Ratings00 Ratings
Manufacturing Costs9.00 Ratings00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Microsoft Dynamics AX (discontinued)
9.2
Ratings
26% above category average
Workday Financial Management
-
Ratings
Forecasting9.90 Ratings00 Ratings
Inventory Planning9.00 Ratings00 Ratings
Performance Monitoring9.00 Ratings00 Ratings
Product Lifecycle Management
Comparison of Product Lifecycle Management features of Product A and Product B
Microsoft Dynamics AX (discontinued)
9.0
Ratings
23% above category average
Workday Financial Management
-
Ratings
Proposal Management9.00 Ratings00 Ratings
Product Master Data Management9.00 Ratings00 Ratings
Best Alternatives
Microsoft Dynamics AX (discontinued)Workday 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
Microsoft Dynamics AX (discontinued)Workday Financial Management
Likelihood to Recommend
8.0
(0 ratings)
8.9
(0 ratings)
Likelihood to Renew
8.0
(0 ratings)
9.0
(0 ratings)
Usability
8.0
(0 ratings)
10.0
(0 ratings)
Availability
7.0
(0 ratings)
-
(0 ratings)
Performance
7.0
(0 ratings)
-
(0 ratings)
Support Rating
8.0
(0 ratings)
10.0
(0 ratings)
In-Person Training
9.0
(0 ratings)
-
(0 ratings)
Online Training
8.0
(0 ratings)
-
(0 ratings)
Implementation Rating
7.3
(0 ratings)
-
(0 ratings)
User Testimonials
Microsoft Dynamics AX (discontinued)Workday Financial Management
Likelihood to Recommend
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.
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
  • Pricing: Microsoft Dynamics AX gives us good flexibility in how we price our products.
  • UX: Microsoft Dynamics AX has a good user interface to put valuable information on the screen for users.
  • Inventory Management: Microsoft Dynamics AX does a great job at giving us insight into our inventory.
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
  • 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.
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
Likelihood to Renew
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.
Read full review
No answers on this topic
Usability
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.
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.
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Reliability and Availability
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.
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No answers on this topic
Performance
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.
Read full review
No answers on this topic
Support Rating
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.
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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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In-Person Training
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.
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No answers on this topic
Online Training
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.
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No answers on this topic
Implementation Rating
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.
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No answers on this topic
Alternatives Considered
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.
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.
Read full review
Return on Investment
  • Clients have seen better cost containment on inventory based on better on hand management and supply chain visibility.
  • Faster closing process for the finance team, where by day 3 of 4 you can generate a trial balance and look to balance ledger to sub-ledger.
  • Better reporting allows for real time analysis and can get to predictive metrics in certain areas.
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

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis