What is Workday Financial Management used for?

Workday Financial Management is a cloud finance and accounting application from Workday that handles core financial processes with automation and built-in reporting. It is a good fit for replacing legacy ERP finance modules, and running finance and HR on one platform.

How much does Workday Financial Management cost?

Workday Financial Management doesn't publish fixed prices; pricing is quoted on request.

Is Workday Financial Management open source?

No. Workday Financial Management is proprietary (closed-source) software and can't be self-hosted. Open-source alternatives to Workday Financial Management include ERPNext, Odoo and iDempiere.

What are some alternatives to Workday Financial Management?

Workday Financial Management competes with Oracle Fusion Cloud ERP, NetSuite and SAP S/4HANA. For open-source options, see Enlisted's ranked list of open-source Workday Financial Management alternatives.

Workday Financial Management: pricing and alternatives

About Workday Financial Management

Workday Financial Management is the cloud finance and accounting application in the Workday suite. It is designed for finance teams that need one system for core accounting and the transactional processes around it, with a focus on efficiency and control over those transactions.

Workday positions it alongside related finance products for spend management, financial planning, analytics and reporting, and payroll, and it sits on the same platform as the vendor's human capital management applications. The product page emphasizes process automation, and Workday also highlights AI features across its portfolio.

It is a commercial, hosted enterprise product. Workday sells it through its sales team and demos, and the site offers a product demo video. Pricing details are not published on the product page.

Key features

Core financial accounting in the cloud
Process automation for finance transactions
Connected spend management products
Analytics and reporting for finance
Shared platform with Workday HR applications

Good fit for

→Replacing legacy ERP finance modules
→Running finance and HR on one platform

Tags: erp; financial-management; accounting; workday; cloud; enterprise; finance

Workday Financial Management: questions and answers

What is Workday Financial Management used for?: Workday Financial Management is a cloud finance and accounting application from Workday that handles core financial processes with automation and built-in reporting. It is a good fit for replacing legacy ERP finance modules, and running finance and HR on one platform.
How much does Workday Financial Management cost?: Workday Financial Management doesn't publish fixed prices; pricing is quoted on request.
Is Workday Financial Management open source?: No. Workday Financial Management is proprietary (closed-source) software and can't be self-hosted. Open-source alternatives to Workday Financial Management include ERPNext, Odoo and iDempiere.
What are some alternatives to Workday Financial Management?: Workday Financial Management competes with Oracle Fusion Cloud ERP, NetSuite and SAP S/4HANA. For open-source options, see Enlisted's ranked list of open-source Workday Financial Management alternatives.