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Product Information on Workday Financial Management
What is Workday Financial Management?
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Overall experience with Workday Financial Management
“Streamlined Financial Operations and Powerful Integration”
“Powerful Search Capabilities Hampered by Difficulty in Locating Simple Information”
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Company Description
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.
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Reviewer Insights for: Workday Financial Management
Workday Financial Management Likes & Dislikes
It offers detailed, flexible reporting features, helping to drill down into financial data and manage budgets effectively. Features like attaching documents to invoices and journal entries support a move towards paperless office operations. The software integrates well with other Workday modules and supports automation of various financial workflows. It offers efficient process automation, that reduces manual work and paper use, especially for high-volume financial operations
Somewhat consolidates finance, HR and other core-business functions into a cloud-based solution. Its ability to track any and all changes made by the user or system.
The aspect I appreciate most is its ability to provide real time visibility into financial data across the organization. Also, it offers seamless integration and has great user experience.
Its difficult to navigate in the system, especially when searching for specific reports or taks, which often requires users to remember specific, abbreviated names. The reporting function can be slow to load, and you may encouter pop-ups asking if you would like to be notified when a report becomes available, which adds unnecessary steps and delays to the workflow. Occasional performance slowdowns when handling large data sets or multiple users simultaneously
You can search for anything, but it's hard to find something. It requires a lot of end user training in order to be able to properly navigate its different features and reports so one tends to spend a lot of time looking for simple things such as specific expense reports, journal entries, vendor payments, etc.
The primary challenge I have encountered is the complexity involved in customizing certain features and workflows to fit unique business requirements. Also, new users face some initial challenge in learning the platform. Also, cost is a challenge for some organizations.
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Workday Financial Management Reviews and Ratings
- ACCOUNTANT50M-1B USDManufacturingReview Source
Streamlined Financial Operations and Powerful Integration
The product stands out for its clear, modern interface and ease of training new users. Strong cloud-based platfrom, that ensures reliability, accessibility and regular updates - DATA ANALYST10B+ USDBankingReview Source
Real Time Financial Insights Offset Complexity In Feature Customization And Learning
Overall, my experience has been positive. The platform offers a comprehensive suite of financial tool that streamline core accounting, planning, and reporting processes. - DIRECTOR OF DATA AND ANALYTICS<50M USDEducationReview Source
Powerful Search Capabilities Hampered by Difficulty in Locating Simple Information
This is definitely an enterprise level product and as such it comes with its complexities. That is both its advantage and disadvantage. - SENIOR VICE PRESIDENT<50M USDIT ServicesReview Source
Workday Financial Management Offers Efficiency and Streamlined Finance Workflows for Teams
Workday Financial Management is a powerful reporting and automation tool, streamlining both financial processes and improving efficiency. It has an intuitive workflow which makes managing finances much easier. - OPERATIONS MANAGER50M-1B USDInsurance (except health)Review Source
Workday Offers Intuitive Dashboards but Can Overwhelm New Users Initially
Workday is a platform that has proven to be reliable and user-friendly for myself and my team, which has enabled me to manage my team to track performance metrics and collaborate efficiently together.



