Munis vs. Workday Financial Management

Munis is great for any sort of data keeping and accounting work. There are features of Munis that I am still not familiar with even after 6 years of use. Munis would not be very good for a point of sale sort of operation like a retail store because it just simply is not set up for that sort of operation.

Incentivized

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.

Incentivized

• Munis has multiple different sections that each pertain to different areas of our office. For example, there is a section in Munis that is for listing. This area supports all of the information that our county (or any other county) would need to enter to properly tax Business or Personal Property. There are similar sections for collections, vehicles, etc.
• Munis has so many features. Munis can be set up to maintain foreclosures, garnishments, attachments, and/or executions within its collections sections.
• Munis has so many features but they all work together which is great because you can see almost everything within the main bill inquiry area instead of having to flip back and forth between areas of the software.
• Munis also has a finance side which is great because we are able to submit our collections reports to our finance department and they too can use finance to handle that side of the business.
• Munis is highly customizable due to the amount of features it has.

Incentivized

• 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.

Incentivized

• Room for improvement for the Building Dept. software. Could not get it to work so we ended up getting rid of it and going back to our old system.
• The payroll side could use more fine tuning. You have to manipulate some things to get them to work properly.

Incentivized

• 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.

Incentivized

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.

Incentivized

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.

Incentivized

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.

Incentivized

• Streamlines some accounting processes (e.g. purchase orders)
• Provides department heads with current up-to-date budget information
• Web-based makes it easy to access from anywhere

Incentivized

• 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

Incentivized