Workday Reviews, Ratings & Features 2026 | Gartner Peer Insights

Gartner defines financial close and consolidation solutions (FCCS) as tools that help CFOs manage group close, consolidation, and reporting. FCCS enables organizations to
(1) manage financial close with collaborative, auditable workflows and dashboards,
(2) consolidate financials across multiple legal entities and geographies,
(3) comply with accounting standards for currency translation, intercompany elimination, and adjustments,
(4) generate reports meeting generally accepted accounting principles (GAAP), International Financial Reporting Standards (IFRS), and regional requirements.

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Find the top Financial Close and Consolidation Solutions with Gartner. Compare and filter by verified product reviews and choose the software that’s right for your organization.

Financial Close and Consolidation Solutions

Workday Financial Management

Workday Adaptive Planning

Workday

Adaptive has a rich feature set that can do a lot, but it's a pretty steep learning curve and an expensive solution.

50M - 250M USD

500M - 1B USD

3B - 10B USD

1B - 3B USD

<50M USD

250M - 500M USD

10B - 30B USD

30B + USD

Gov't/PS/ED <5,000 Employees

Gov't/PS/ED 5,000 - 50,000 Employees

DIRECTOR OF FINANCE

Adaptive is an effective budgeting software, but doesn't have many bells & whistles. It is a little clunky for users and some of the functionality isn't that straight forward. We are a NFP with not too many tech savvy individuals, and they often have the same difficulties each year using the site. The budget modules do work and there is plenty of room for customization, however we often find glitches and it is sometimes difficult to navigate between different budget sections. 

FINANCE ASSOCIATE

Workday Financial Management close and financial consolidation functions are efficient and effective, delivering accurate integrated and readily available financial information 

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Workday is the AI platform for managing people, money, and agents. Workday unifies HR and Finance on one platform with AI at the core to empower people at every level with the clarity, confidence, and insights they need to adapt quickly, make better decisions, and deliver outcomes that matter. Workday is used by organizations around the world and across industries. 

Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics are built with artificial intelligence and machine learning at the core to help organizations around the world embrace the future of work. Workday is used by more than 10,000 organizations around the world and across industries ‚Äì from medium-sized businesses to more than 50% of the Fortune 500.

Workday is a prominent provider of cloud applications intended for finance and human resource management. Their primary objective is to assist businesses in adapting to changes with the help of their various applications. They provide applications for financial management, human resources, planning, spend management, and analytics, all of which are built upon the foundations of artificial intelligence and machine learning. This technology is intended to support organizations globally in navigating the evolving nature of work. Workday's services are utilized by numerous organizations worldwide, across a variety of industries.

Reviews

Ratings Overview

Overall experience with

Favorable Review

Simplifies financial processes, though balance sheet limitations persist

Critical Review

Average Budgeting Software

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