Credit card processing
The software facilitates credit card processing.
Cat avg: 7.3
Top Performing Features
Standardized Processes
Centralize financial management to facilitate standardized financial processes
Cat avg: 8.2
Standard reports
The software offers pre-built reports with metrics standard to the category.
Cat avg: 7.5
Role-based user permissions
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Cat avg: 8
Worst Performing Features
Configurable Accounting
Configure accounting rules and segments for each chart of accounts
Cat avg: 8
Global Financial Support
Account using multiple ledgers, multiple currencies, and multiple entities
Cat avg: 7.8
Plug-ins
A number of third-party plug-ins are available to expand the core functionality of the software.
Cat avg: 7.6
Workday Financial Management Features from Reviews
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
8.4+14%
Pay calculation
Pay calculation provides for computation of employee pay with state and federal deductions.
Category average: 7.1
Benefit plan administration
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
Category average: 7.2
Direct deposit files
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Category average: 7.4
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
8.5+10%
API for custom integration
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
Category average: 7.6
Plug-ins
A number of third-party plug-ins are available to expand the core functionality of the software.
Category average: 7.6
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
9.0+11%
Single sign-on capability
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
Category average: 8.3
Role-based user permissions
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Category average: 8
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
8.7+15%
Dashboards
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
Category average: 7.7
Standard reports
The software offers pre-built reports with metrics standard to the category.
Category average: 7.5
Custom reports
Users can create custom reports.
Category average: 7.6
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
8.5+5%
Accounts payable
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
Category average: 8.3
Accounts receivable
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
Category average: 8.2
Global Financial Support
Account using multiple ledgers, multiple currencies, and multiple entities
Category average: 7.8
Primary and Secondary Ledgers
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
Category average: 8.1
Journals and Reconciliations
Automate and synchronize ledgers and processes
Category average: 8.1
Configurable Accounting
Configure accounting rules and segments for each chart of accounts
Category average: 8
Standardized Processes
Centralize financial management to facilitate standardized financial processes
Category average: 8.2
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
8.7+10%
Inventory tracking
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
Category average: 8.1
Automatic reordering
The software can be set up to automatically reorder a good when it falls below a certain threshold.
Category average: 7.6
Location management
The software can track multiple goods across multiple locations.
Category average: 7.7
Order Management
The ability to process orders, and track them from quote to cash.
9.1+12%
Credit card processing
The software facilitates credit card processing.
Category average: 7.3
Workday Financial Management Features from the Vendor
General Ledger and Configurable Accounting
Vendor-reviewedAccounts payable
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
Accounts receivable
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
Global Financial Support
Account using multiple ledgers, multiple currencies, and multiple entities
Primary and Secondary Ledgers
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
Journals and Reconciliations
Automate and synchronize ledgers and processes
Configurable Accounting
Configure accounting rules and segments for each chart of accounts
Standardized Processes
Centralize financial management to facilitate standardized financial processes
Inventory Management
Vendor-reviewedInventory tracking
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
Automatic reordering
The software can be set up to automatically reorder a good when it falls below a certain threshold.
Location management
The software can track multiple goods across multiple locations.
Order Management
Vendor-reviewedCredit card processing
The software facilitates credit card processing.
Payroll Management
Vendor-reviewedPay calculation
Pay calculation provides for computation of employee pay with state and federal deductions.
Benefit plan administration
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
Direct deposit files
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
Reporting & Analytics
Vendor-reviewedDashboards
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
Standard reports
The software offers pre-built reports with metrics standard to the category.
Custom reports
Users can create custom reports.
Customization
Vendor-reviewedAPI for custom integration
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
Plug-ins
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
Vendor-reviewedRole-based user permissions
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Single sign-on capability
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
Multi-factor authentication
Multi-factor authentication
User-level audit trail
User-level audit trail