Workday Financial Management vs. Zoho One

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
Zoho One
Score 8.9 out of 10
N/A
Zoho One is a suite product from Zoho Corporation, that combines their sales and marketing application, and also gives organizations a comprehensive set of tools to organize finances, track payables, and manage bills and expenses.
$444
per year per employee (Must purchase license for ALL employees)
Pricing
Workday Financial ManagementZoho One
Editions & Modules
No answers on this topic
All Employee Pricing
$444
per year per employee (Must purchase license for ALL employees)
Flexible User Pricing
$1080
per year Licenses for any no. of users
Offerings
Pricing Offerings
Workday Financial ManagementZoho One
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsMonth-to-month plans available.
More Pricing Information
Community Pulse
Workday Financial ManagementZoho One
Considered Both Products
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!
Zoho One
Chose Zoho One
Once again I think that Zoho One does above almost everyone because of its ease of use easy integration and again the money savings at the long run is what really sells us on this plus I think that live customer service is one of the best in the industry. I only use others if …
Chose Zoho One
All the similar products I mentioned are available in One ssubscription of Zoho One.
Chose Zoho One
The primary reason we switched from Daylite is when we started using Virtual Assistants and wanted a cloud based alternative which Daylite didn't provide. We left MYOB when I think it stopped supporting Apple computers. We left AccountEdge when it stopped supporting payroll tax …
Chose Zoho One
ZOHO was cost-friendly compared to the above tools. This is the biggest pro ZOHO has. Using the above tools requires a manager who works and sets everything up in one place so that others can easily access the data, but in ZOHO, it is very easy to segregate data and use it …
Chose Zoho One
I wasn’t part of the decision-making process, but I will say that coming into using Zoho One, I was really skeptical. Based on my use of it about 10 years ago, but I have seen massive improvement. It is really quite functional and allows us to do a lot of different things that …
Chose Zoho One
Zoho One is the upgraded version of CRM Plus, with added features and apps.
I can't recommend it enough.
Chose Zoho One
5 years ago, we decided to use Odoo. At that time, the enterprise version of Odoo was not competitive enough for a small company with minor integration needs when it comes to the pricing per user.

Nowadays, pricing is almost equal. The effort of integration processes with Odoo …
Chose Zoho One
During the Demo, Zoho One performed well; however, post-implementation - the product has fallen short on all fronts.
Chose Zoho One
There is nothing quite close to what Zoho offers with Zoho One in terms of breadth and depth of applications integrated together as a single product.
Also, you get to manage a single license and user management on Zoho One, whereas you would need to work with multiple vendors …
Features
Workday Financial ManagementZoho One
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Workday Financial Management
8.4
Ratings
16% above category average
Zoho One
-
Ratings
Pay calculation8.70 Ratings00 Ratings
Benefit plan administration8.90 Ratings00 Ratings
Direct deposit files8.60 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Workday Financial Management
8.5
Ratings
11% above category average
Zoho One
9.7
Ratings
24% above category average
API for custom integration8.60 Ratings10.00 Ratings
Plug-ins8.40 Ratings9.50 Ratings
Security
Comparison of Security features of Product A and Product B
Workday Financial Management
9.0
Ratings
10% above category average
Zoho One
9.0
Ratings
10% above category average
Single sign-on capability9.00 Ratings9.00 Ratings
Role-based user permissions9.00 Ratings9.00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Workday Financial Management
8.7
Ratings
19% above category average
Zoho One
9.0
Ratings
22% above category average
Dashboards8.50 Ratings9.00 Ratings
Standard reports9.10 Ratings9.00 Ratings
Custom reports8.70 Ratings9.00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Workday Financial Management
8.5
Ratings
10% above category average
Zoho One
8.0
Ratings
4% above category average
Accounts payable8.90 Ratings8.00 Ratings
Accounts receivable9.00 Ratings8.00 Ratings
Global Financial Support8.30 Ratings7.00 Ratings
Primary and Secondary Ledgers8.70 Ratings00 Ratings
Journals and Reconciliations8.90 Ratings00 Ratings
Configurable Accounting8.30 Ratings00 Ratings
Standardized Processes9.10 Ratings9.00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Workday Financial Management
8.7
Ratings
10% above category average
Zoho One
10.0
Ratings
23% above category average
Inventory tracking9.00 Ratings10.00 Ratings
Automatic reordering8.60 Ratings00 Ratings
Location management8.50 Ratings10.00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Workday Financial Management
9.1
Ratings
15% above category average
Zoho One
9.1
Ratings
15% above category average
Credit card processing9.10 Ratings8.00 Ratings
Pricing00 Ratings9.50 Ratings
Order entry00 Ratings9.00 Ratings
Cost of goods sold00 Ratings10.00 Ratings
Subledger and Financial Process
Comparison of Subledger and Financial Process features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
9.3
Ratings
22% above category average
Billing Management00 Ratings8.00 Ratings
Cash and Asset Management00 Ratings10.00 Ratings
Travel & Expense Management00 Ratings10.00 Ratings
Project Execution Management
Comparison of Project Execution Management features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
10.0
Ratings
37% above category average
Project Planning and Scheduling00 Ratings10.00 Ratings
Task Insight for Project Managers00 Ratings10.00 Ratings
Procurement
Comparison of Procurement features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
10.0
Ratings
36% above category average
Bids Analyzed and Compared00 Ratings10.00 Ratings
Supplier Management00 Ratings10.00 Ratings
Risk Management
Comparison of Risk Management features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
10.0
Ratings
42% above category average
Control Management00 Ratings10.00 Ratings
Logistics
Comparison of Logistics features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
10.0
Ratings
40% above category average
Fulfillment Management00 Ratings10.00 Ratings
Supply Chain
Comparison of Supply Chain features of Product A and Product B
Workday Financial Management
-
Ratings
Zoho One
8.0
Ratings
12% above category average
Forecasting00 Ratings6.00 Ratings
Performance Monitoring00 Ratings10.00 Ratings
Best Alternatives
Workday Financial ManagementZoho One
Small Businesses
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Score 8.9 out of 10
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Score 8.6 out of 10
Medium-sized Companies
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Score 8.0 out of 10
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Score 8.0 out of 10
Enterprises
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User Ratings
Workday Financial ManagementZoho One
Likelihood to Recommend
8.9
(0 ratings)
9.0
(0 ratings)
Likelihood to Renew
9.0
(0 ratings)
-
(0 ratings)
Usability
10.0
(0 ratings)
9.5
(0 ratings)
Support Rating
10.0
(0 ratings)
5.5
(0 ratings)
User Testimonials
Workday Financial ManagementZoho One
Likelihood to Recommend
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
Zoho One helps me to create and document each of my closures by creating deals. Zoho One helps me to generate reports, which helps me to track my contact. Zoho One helps me on creating tasks and reminds me to get it done on time. Zoho One keeps each steps and actions I took from lead to a deal.
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Pros
  • 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
  • Customized dashboards
  • Easy to see the kpis for different aspects of my business
  • And offers a consolidation of CRM campaign and other applications without having to use other technologies from other companies so it's great to consulate consolidated
  • The analytics is great what else
  • Collaboration tools are excellent
Read full review
Cons
  • 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
  • In my opinion, SUPPORT IS AWFUL!!!
  • If you want to get in touch with a support representative, your best bet is to call the sales number and demand to speak with an agent.
  • Each of the tools operates in a silo, from a support perspective. Some applications, like books, have chat-based support and others require an e-mail.
  • In my experience, expect any e-mail to the main support e-mail to go unanswered.
  • The first year of support was great, but after we renewed for the second year, it has become terrible.
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Usability
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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ZOHO is very easy to use. All you need to do is follow the steps and features aligned in it. ZOHO doesn't need complex coding or training; anyone can easily access and use it. You may feel a bit of difficulty initially, but show me an easy tool when you are using it for the first time.
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Support Rating
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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Support is great as a customer, as a partner I get moved to that team more often and find issues in the support being provided. It also appears that the support agents do not take into account all the information provided and default back to the "step 1 of the playbook" instead of taking into account the business reason the support is being requested and understanding the steps already taken.
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Alternatives Considered
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
The primary reason we switched from Daylite is when we started using Virtual Assistants and wanted a cloud based alternative which Daylite didn't provide. We left MYOB when I think it stopped supporting Apple computers. We left AccountEdge when it stopped supporting payroll tax tables for Apple computers. Thankfully, each time we left one software company we were led to Zoho and have remained ever since.
Read full review
Return on Investment
  • 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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  • Projects is a lifeline for the onboarding team, as it does the major heavy lifting in onboarding project management
  • Data flow between apps is a must have for contextual information to pass on between teams
  • In terms of ROI, it happens much quicker compared to having multiple apps to do the job, as Zoho One is a lot cheaper than having many tools.
Read full review
ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis