Workday Financial Management vs Kashflow Comparison

87% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Workday Financial Management

Accounting Software

2.9 390 user ratings

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91% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Kashflow

Accounting Software

2.6 231 user ratings

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Overview

Description	Workday Financial Management helps organizations to reduce financial risk in this ever-changing market. The software helps users to focus more on action and analysis and less on transaction processing with its deeper insight into finance management. It assures users the flexibility to adapt to new processes and track changes quickly. The software’s machine learning capability detects anomalies and offers recommendations to make more useful finance business processes. Workday Financial Management automatically transforms data related to business events into accounting, thereby simplifying the accounting processes. Users get maximum control over their companies’ finances by getting details about every transaction. It also helps them to manage risk and monitor compliance. With Workday Financial Management, finance teams can streamline their processes from contract to cash and record to report. The software also assists to create business strategies by continuous planning, analyzing and forecasting market trends, that provide them positive outcomes in the future. Read more	Kashflow is a web-based UK business accounting platform that can handle VAT and is Making Tax Digital (MTD) compliant within the UK. It also features a payroll option and, all in all, is a useful set of tools. It was first released in 2005 and has since gained a reputation as one of the better options for getting access to accounting from anywhere with an internet connection.The completely functional invoicing system begins with expert basic templates that you can fill out and customize. They can be done on the fly or automatically, and you can also send out reminders to late payers. The entire price approach can be handled with Kash flow, which allows clients to pay online using a credit card, a bank transfer, a mobile phone, or even over the phone.KashFlow is "cloud hosted," which means you can access it from anywhere with an internet connection. That's really useful for any size firm, from small to huge, especially if you have employees spread out across the country.There's also no need to wait till you return to your office to offer a quote if you're visiting a prospect. Our accounting software is mobile-friendly, allowing you to write quotes on the move and email them directly. Read more
Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Available
SW Score & Breakdown	87% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 100% Reviews 83% Momentum 61% Popularity 63%	91% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more 99% Reviews 84% Momentum 63% Popularity 78%
SaaSworthy Awards	# 17 Highly Rated	# 20 Most Popular # 15 Highly Rated

Features

Total Features	17 Features	16 Features
Common Features for All	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 14 More - Show Less	Accounts Payable Handling the money owed by a business to its suppliers. Accounts Receivable Handling the money the client owes to the company. Bank Reconciliation Matching the balances of an entity's accounting records with the corresponding information on a bank statement. Billing and Invoicing This feature helps in issuing and handling the invoice and bills. CPA Firms Offers collaboration with a professional expert for financial and consulting services. Cash Management Collection and management of cash. Collections Recovery of cash from a business or individual. Expense Tracking Keep a count of your day to day expenses as well as allows you to quickly identify where the expense report is in the approval process. Fixed Asset Management Helps in tracking fixed assets for the purposes of financial accounting, preventive maintenance, and theft deterrence. General Ledger Maintaining and recording all the accounting related transactions. Multi-Currency Enables payment and collection in multiple currencies. Payroll Handling the salary payable to the employees Project Accounting Creation of financial reports specifically designed to track the financial progress of projects Purchasing Acquiring goods or services required for the business at minimal cost Revenue Recognition Determining the specific conditions under which revenue is recognized or accounted for Spend Management Managing the expenditure of a business in order to build its product or services Tax Management Management of finances for payment of tax as well as assessing the advance tax liability to pay your tax in time + 13 More - Show Less

Technical Details

Organization Types Supported	Large Enterprises Medium Business Small Business	Large Enterprises Medium Business Small Business
Platforms Supported	SaaS/Web/Cloud Mobile - Android Mobile - iOS	SaaS/Web/Cloud Mobile - Android Mobile - iOS
Modes of Support	24/7 (Live rep) Online	24/7 (Live rep) Online
API Support	NA	Available

Reviews & Ratings

User Rating	2.9/5 390 user ratings	2.6/5 231 user ratings
Rating Distribution	Excellent 24.1% Very Good 23.8% Average 9.2% Poor 2.3% Terrible 40.5%	Excellent 25.1% Very Good 15.2% Average 3.5% Poor 5.2% Terrible 51.1%
User Sentiments	User-friendly interface, Comprehensive employee data management, Centralized HR functions, Real-time reporting and analytics Confusing navigation and menu structure, Time-consuming and complex processes, Security overkill and password issues, Limited customization options	Easy to Use, User Friendly Interface, Comprehensive Reporting Functionality, Extensive Integrations Unreliable Bank Feeds, Poor Customer Service, Dated Software, Inadequate Mobile App
Review Summary	Workday Financial Management receives positive feedback for its user-friendly interface, comprehensive features, and strong reporting capabilities. Reviewers appreciate its seamless integration with other Workday modules, enabling efficient data sharing and streamlined processes. The platform's adaptability and scalability are also highlighted, catering to the evolving needs of businesses. However, some users mention occasional performance issues and a learning curve associated with the implementation and setup. Overall, Workday Financial Management is praised for enhancing financial visibility, improving decision-making, and facilitating collaboration within finance teams.	Users praise KashFlow for its user-friendly interface, comprehensive features, and excellent customer support. They appreciate its customizable invoices, ability to track expenses, and seamless integration with other business applications. Many users mention that KashFlow has helped them save time and money by streamlining their accounting processes. Additionally, users commend KashFlow's mobile app for its convenience and functionality. However, some users have reported occasional technical glitches and difficulties with importing data. Overall, KashFlow is highly regarded for its user-friendliness, feature-richness, and exceptional customer support.
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Pricing

Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Available
Pricing Plans Monthly Plans Annual Plans	Workday Financial Management Custom	Starter Others Business Others Business + Payroll Others
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