Workday Financial Management vs QuickBooks Online Advanced 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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89% 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

QuickBooks Online Advanced

Accounting Software

4.5 563 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	QuickBooks Online Advanced is designed to help growing businesses with dedicated customer support, more capacity, and the most productivity. It has Additional security measures including multi-factor authentication to help keep your account secure. It Backup Data Automatically. Read more
Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Available Starts at $60.00.
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 82% Momentum 61% Popularity 63%	89% 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 97% Reviews 89% Momentum 63% Popularity 66%
SaaSworthy Awards	# 17 Highly Rated	Not Available

Features

Total Features	17 Features	15 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 + 12 More - Show Less

Technical Details

Organization Types Supported	Freelancers Large Enterprises Medium Business Small Business	Freelancers 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) Business Hours Online	24/7 (Live rep) Business Hours Online
API Support	NA	Available

Reviews & Ratings

User Rating	2.9/5 390 user ratings	4.5/5 563 user ratings
Rating Distribution	Excellent 24.1% Very Good 23.8% Average 9.2% Poor 2.3% Terrible 40.5%	Excellent 63.4% Very Good 29.5% Average 4.3% Poor 1.2% Terrible 1.6%
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	User Friendly Interface, Extensive Integrations, Comprehensive Reporting, Cloud-Based Accessibility Inventory Management Functionality, Customer Support Responsiveness, Frequent Price Increases, Mobile App Functionality
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.	Reviewers praise QuickBooks Online Advanced for its user-friendly interface, extensive features, and seamless integration with other applications. They also commend its robust reporting capabilities, customizable dashboards, and excellent customer support. However, some users have experienced occasional technical glitches and expressed concerns about its pricing structure. Overall, QuickBooks Online Advanced is a highly regarded accounting software that meets the needs of businesses of all sizes.
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Pricing

Pricing Options	Free Trial Not Available Offers Custom plan.	Free Trial Available Starts at $60.00.
Pricing Plans Monthly Plans Annual Plans	Workday Financial Management Custom	Advanced $60.00 $60.00 per month
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