Manager vs Workday Financial Management

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Our analysts compared Manager vs Workday Financial Management based on data from our 400+ point analysis of Accounting Software, user reviews and our own crowdsourced data from our free software selection platform.

Product Basics

Manager, a cloud-based accounting software, streamlines financial tasks for small and medium-sized businesses. Its intuitive interface simplifies bookkeeping, from recording transactions and managing accounts payable/receivable to generating reports and filing taxes. Geared towards entrepreneurs and accountants, Manager empowers users with control and flexibility. Key benefits include automated data entry, real-time financial insights, and robust inventory management. Popular features like bank reconciliation and custom reports enhance efficiency and decision-making. Compared to similar products, Manager boasts user-friendliness, affordability (starting at around $15 per month per user), and a supportive online community. While it may lack advanced features of enterprise-level software, Manager excels as a user-centric accounting solution for growing businesses.

Pros:
  • Easy to use
  • Affordable
  • Real-time insights
  • Mobile access
  • Active community
Cons:
  • Limited reports
  • No payroll integration
  • Basic inventory management
  • Learning curve for taxes
  • Limited customer support
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Workday Financial Management is a cloud-based accounting software designed for mid-sized and large enterprises. It automates core financial processes like record-to-report, procurement, and expense management, aiming to streamline operations and improve data visibility. Its strengths lie in its user-friendly interface, real-time reporting capabilities, and global compliance support. However, its subscription-based pricing model can be costlier than traditional on-premise solutions. Users praise its intuitive design and powerful analytics, but some note occasional integration issues and a steeper learning curve compared to simpler systems. Overall, Workday Financial Management is a robust option for companies seeking a modern, scalable accounting platform with a focus on automation and global reach, but its premium pricing might not suit smaller businesses or those with less complex financial needs.

Pros
  • User-friendly interface
  • Real-time reporting
  • Global compliance support
  • Scalable for growth
  • Integrates with other Workday apps
Cons
  • Higher subscription costs
  • Steeper learning curve
  • Occasional integration issues
  • Limited customization options
  • Reporting can be complex
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$15/User, Monthly, Freemium
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$5,000 Monthly
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Tailored to your specific needs
Small 
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Windows
Mac
Linux
Android
Chromebook
Windows
Mac
Linux
Android
Chromebook
Cloud
On-Premise
Mobile
Cloud
On-Premise
Mobile

Product Assistance

Documentation
In Person
Live Online
Videos
Webinars
Documentation
In Person
Live Online
Videos
Webinars
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support
Email
Phone
Chat
FAQ
Forum
Knowledge Base
24/7 Live Support

Product Insights

  • Effortless Bookkeeping: Streamline daily tasks with intuitive data entry, automated calculations, and pre-defined accounts, freeing up time for strategic planning and growth.
  • Financial Clarity at Your Fingertips: Gain instant insights into your business performance with real-time reports and dashboards, allowing you to make informed decisions based on accurate data.
  • Enhanced Efficiency and Productivity: Automate repetitive tasks like invoicing, bank reconciliation, and expense tracking, boosting team productivity and minimizing errors.
  • Scalability for Growth: Manage your finances with ease as your business expands, accommodating multiple users, currencies, and locations with flexible configurations.
  • Cost-Effective Solution: Access powerful accounting tools at an affordable price point, making Manager a budget-friendly option for small and medium-sized businesses.
  • Control and Customization: Tailor the software to your specific needs with customizable accounts, reports, and workflows, ensuring your financial data is organized and accessible.
  • Mobile Access on the Go: Manage your finances from anywhere with secure mobile access, allowing you to review reports, approve invoices, and stay connected on the move.
  • Collaborative Environment: Share financial data and collaborate with colleagues in real-time, enhancing communication and transparency within your organization.
  • Secure and Reliable: Protect your financial information with industry-standard security measures and cloud-based data storage, ensuring peace of mind and data integrity.
  • Supportive Community: Leverage the knowledge and expertise of a thriving online community, finding answers, tips, and support from fellow Manager users.
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  • Enhanced Efficiency and Streamlined Operations: Automates manual tasks, eliminates data silos, and provides real-time visibility across financial processes, leading to faster close cycles, reduced errors, and improved operational agility.
  • Data-Driven Decision Making: Offers robust analytics and reporting tools that deliver actionable insights into financial performance, enabling informed strategic planning, cost optimization, and resource allocation.
  • Global Compliance and Scalability: Supports complex global operations with built-in compliance features and multi-currency capabilities, ensuring seamless expansion into new markets and adherence to local regulations.
  • Improved User Experience and Productivity: Provides a modern, intuitive interface that empowers finance teams with self-service capabilities, reduces training requirements, and boosts overall user satisfaction.
  • Enhanced Collaboration and Visibility: Fosters collaboration between finance and other business departments through integrated workflows and shared data, promoting transparency and alignment across the organization.
  • Reduced Risk and Improved Controls: Strengthens internal controls with advanced security features, audit trails, and automated compliance checks, mitigating financial risks and safeguarding sensitive data.
  • Increased Agility and Adaptability: Enables rapid configuration changes and customizations to adapt to evolving business needs and industry regulations, ensuring continuous optimization and competitive advantage.
  • Talent Optimization and Retention: Supports talent management initiatives by streamlining payroll and expense processes, providing employee self-service capabilities, and enhancing financial transparency, leading to increased employee satisfaction and retention.
  • Sustainable Growth and ROI: Delivers tangible cost savings through automation, improved efficiency, and reduced compliance risks, contributing to significant long-term return on investment.
  • Future-Proofed Platform: Continuously updated with new features and functionality, ensuring your accounting system stays ahead of the curve and adapts to evolving industry trends and technologies.
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  • Remittance Advice: Simplify the record-keeping process by informing suppliers or vendors of completed payment including, the purpose, type, invoice number and invoice date. 
  • Fixed Asset Management: Store all asset-related data and make it easy to find the specific data in a hurry. Simplify the audit and reporting process with centralized asset information. 
  • Bank Reconciliation: Prevent theft, keep mistakes at bay and identify accounting errors with bank reconciliations. Know which cash transactions cleared and which are outstanding. Check the validity of bank charges from the by account. Identify the fraudulent use of money, prevent additional charges and give the bank the time to restore the account in case of theft. 
  • Recurring Billing: Minimize the possibility of missed payments or plate payments with recurring billing. Bring greater stability to the business with revenue predictability. Ensure customer data is compliant to PCI standards. Boost flexibility, increase customer retention by making it easy for subscribers to change plans. 
  • Multi-Currency: Spend less time making accounting adjustments due to exchange rate differences. Keep money in multiple currencies in one account. Manage foreign exchanges with reduced transaction cost with convenience and simplicity. 
  • Profit And Loss Statements: Track expenses, profit and loss, revenue with detailed profit and loss statements. Present data in a digestible format and easily sort through stored data. 
  • Cash Management: Minimize excessive spending and use income efficiently. Keep a tab on how revenue is used, manage cash collections and plan expenditures. 
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  • Grant Management: Meet grantor and business requirements for budgeting, billing, reporting and compliance. Minimize the possibility of reporting errors, any loss due to absent funds or risk associated with non-compliance. Make sure that all grantor’s requirements get met in terms of timeframe, balance, terms and conditions. Control unnecessary spending by keeping a tab on the monetary status in real-time. Ensure that workers are paid for individual projects. 
  • Analytics and Reporting: Create internal reports and external regulatory statements ensuring no patchwork database. Use reconciliations and analytical tools. Ensure robust security while deriving insights for strategic decision-making. Let executives and leaders view monetary, operational and management visualizations. Gain a complete view of the business by combining transactional and operational parameters. Know and understand what is happening, where and why by analyzing details across dimensions. 
  • Financial Planning: Make informed, faster decisions with flexible tools and data-driven insights. Respond quickly to change by creating strategic plans for budgeting expenses to forecasting revenue. Gain a complete picture by populating models with data. Connect to cloud, on-premise and data warehouse. Ensure reliable data access with an automated data flow. Involve everyone in the planning process with role-based access to models. Create reports by automatically connecting to Microsoft Excel, Word and PowerPoint. View numbers, charts and variance alongside each other, reflected instantly. 
  • Audits and Internal Control: Keep the business secure, identify risk and document every translation with audit and internal controls. Adjust controls and processes, set thresholds, evaluate workflows and prevent unauthorized transactions with a flexible framework. Limit permissions to people with single access and authorization control. 
  • Global Foundation: Operate and expand in different countries or around the world. Get built-in flexibility and support for global time zones, currencies and address formats. Leverage support for multiple charts of accounts, tax, banking and payment format. Deploy faster with built-in country-specific configurations. 
  • Expenses: Minimize expense processing time and reimburse faster. Record the transaction by scanning the receipt. Get better travel rates and discounts by uncovering the latest trends in real-time with a delivered expense dashboard. Control cost and keep all the travel policies in one place. Prevent the possibility of fraud by tracking out of policy spends.  
  • Accounting Centre: Gain detailed insights and reduce the time to close with comprehensive accounting information and data lineage back to source transactions. Minimize errors, boost efficiency and gain better control and visibility. Manage and modify rules with one accounting engine written in business language. Get detailed budgetary and operational reporting with a virtual subledger. Recognize revenue by modifying operational data. 
  • Revenue Management: Gain complete visibility with flexible features and view and analyze all the system’s aspects. Minimize risk by establishing, approving and tracking customers at every step of the contract cycle. Reduce revenue leakage and gain rich insights into write-offs and billing rules. Boost accessibility, accuracy, profitability with intercompany invoices. Get end-to-end revenue management and comprehensive revenue recognition while staying compliant with GAAP and IFRS standards and protocols. 
  • Budgetary Consolidation and Close: Keep track of the output by any factor such as spend by supplier, campaign, profitability and project activity. Reconcile accounts and embed them in the transaction system. Automate tasks, route approvals and reports with a close period checklist. Get real-time currency and earning calculations to analyze the financial results within a specific timeframe.  
  • Accounting and Finance: Keep a tab on the monetary impact of transactions by identifying and addressing issues promptly without running a batch process. Close faster with real-time consolidation. Automate finance and accounting operations, make modifications or corrections any time and get recommendations on payment matching. Manage accounts payable, contracts, billings and payments from one place. Gain complete transparency into records from procurement to disposal. Control and optimize the cash flow. 
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Product Ranking

#322

among all
Accounting Software

#357

among all
Accounting Software

Find out who the leaders are

Analyst Rating Summary

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80
93
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97
70
94
100
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Platform Capabilities
Tax Management
Accounts Receivable
Banking and Cash Management
Accounts Payable
Banking and Cash Management
Budget and Expense Management
Platform Security
Tax Management
Multi-company Accounting and Asset Management

Analyst Ratings for Functional Requirements Customize This Data Customize This Data

Manager
Workday Financial Management
+ Add Product + Add Product
Accounts Payable Accounts Receivable Banking And Cash Management Budget And Expense Management Financial Statements And Revenue Management General Ledger And Chart Of Accounts Integration And Extensibility Inventory Management Journal Entries Mobile Support Multi-company Accounting And Asset Management Platform Capabilities Project Accounting Reporting And Analytics Tax Management 93 97 94 69 86 71 15 73 73 20 60 100 54 62 100 0 70 100 100 66 63 0 57 81 0 87 0 80 0 100 0 25 50 75 100
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

67%
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User Sentiment Summary

Excellent User Sentiment 81 reviews
Great User Sentiment 324 reviews
94%
of users recommend this product

Manager has a 'excellent' User Satisfaction Rating of 94% when considering 81 user reviews from 2 recognized software review sites.

84%
of users recommend this product

Workday Financial Management has a 'great' User Satisfaction Rating of 84% when considering 324 user reviews from 4 recognized software review sites.

4.1 (12)
3.8 (77)
4.8 (69)
n/a
n/a
4.4 (55)
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4.4 (153)
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4.0 (39)

Awards

SelectHub research analysts have evaluated Manager and concluded it earns best-in-class honors for Platform Capabilities. Manager stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award
Platform Capabilities Award

SelectHub research analysts have evaluated Workday Financial Management and concluded it earns best-in-class honors for Budget and Expense Management.

Budget and Expense Management Award

Synopsis of User Ratings and Reviews

Completely Free: Offers a fully-featured desktop version with no limitations, costs, or ads.
User-Friendly Interface: Intuitive design makes it easy to navigate and manage finances, even for those without accounting experience.
Flexible Chart of Accounts: Customize account structure to match specific business needs, ensuring accurate tracking and reporting.
Comprehensive Reports: Generate a wide range of financial reports, including profit and loss statements, balance sheets, cash flow statements, and more, providing valuable insights.
Offline Functionality: Access and work on accounts even without internet connectivity, ensuring productivity regardless of location.
Cross-Platform Compatibility: Works seamlessly on Windows, macOS, and Linux, providing flexibility for different operating systems.
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Streamlined Processes and Efficiency: Automates manual tasks like journal entries, reconciliations, and financial reporting, saving time and reducing errors.
Real-Time Visibility and Insights: Provides instant access to financial data and customizable dashboards, enabling proactive decision-making and improved cash flow management.
Global Compliance and Scalability: Supports multi-GAAP compliance, multi-currency transactions, and international tax reporting, simplifying operations for global organizations.
User-Friendly Interface and Adoption: Offers an intuitive interface with guided workflows and role-based dashboards, making it easy to learn and use for finance professionals of varying skill levels.
Seamless Integration and Collaboration: Integrates smoothly with other Workday applications and external systems, fostering collaboration across departments and streamlining financial processes.
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Limited Customization Options: Some users find certain features or reports cannot be tailored as extensively as desired, potentially hindering specific workflows.
No Dedicated Mobile App: Lacks a native mobile app, limiting on-the-go access and requiring web browser usage for cloud-based access, which may not be ideal for all users.
Basic Payroll Features: Handles essential payroll tasks but may not suffice for businesses with complex tax regulations or extensive payroll needs, potentially requiring integration with other software.
Potential Feature Lag: Some users report a delay in the implementation of highly requested features, which could impact those seeking the latest functionalities.
Cloud Version Cost: While the desktop version is free, the cloud-based version incurs a subscription fee, which may deter those seeking entirely free cloud-based accounting solutions.
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Steep Learning Curve: Workday's interface and functionality can be complex for users unfamiliar with its specific terminology and workflows, requiring significant training and onboarding.
Limited Customization Options: While Workday offers some customization, it may not fully accommodate specific accounting needs or reporting requirements, potentially leading to workarounds or integration with additional tools.
High Implementation and Maintenance Costs: Workday's initial implementation and ongoing maintenance can be expensive, especially for smaller organizations, requiring careful budgeting and resource allocation.
Integration Challenges: Integrating Workday with existing legacy systems or third-party applications can be complex and time-consuming, potentially disrupting workflows and requiring specialized technical expertise.
Limited Offline Functionality: Workday's cloud-based nature can pose challenges in situations with limited internet connectivity, potentially impacting critical accounting tasks and data access.
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Manager's user reviews in the past year paint a contrasting picture. Fans adore its free, full-featured desktop version, praising its "intuitive design" and "flexible chart of accounts" that cater to specific business needs. "Manager beats anything else free by a mile," exclaims one user, highlighting its "comprehensive reports" and "offline functionality" as major wins over cloud-based competitors. Another reviewer applauds its "cross-platform compatibility," appreciating seamless usage across Windows, macOS, and Linux.** However, some users yearn for more in-depth customization. "Limited options for tweaking reports" and "basic payroll features" leave them wanting, especially compared to paid software like QuickBooks. The lack of a native mobile app also disrupts their workflow, making on-the-go access cumbersome. And while the cloud version offers more features, its subscription fee stings some users who enjoyed the desktop's "completely free" model. Ultimately, Manager seems to shine for solopreneurs and small businesses seeking a functional, free accounting solution. Its strengths lie in user-friendliness, flexibility, and offline accessibility. However, those with complex needs or seeking advanced features might find its limitations outweigh its free price tag.

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Workday Financial Management (WFM) user reviews paint a mixed picture. While users praise its streamlining capabilities, real-time insights, and global compliance features, they also face challenges with its initial complexity, limited customization, and high costs. Compared to competitors like Oracle NetSuite and SAP Business One, WFM shines in automating manual tasks and offering intuitive dashboards for data-driven decision-making. However, its steeper learning curve and potential integration hurdles can be daunting for smaller firms or those accustomed to simpler systems. Users particularly appreciate WFM's ability to automate journal entries, reconciliations, and financial reporting, freeing up valuable time for analysis and strategic planning. The real-time visibility into financial data with customizable dashboards also empowers users to make proactive decisions and manage cash flow effectively. For global organizations, WFM's support for multi-GAAP compliance, multi-currency transactions, and international tax reporting simplifies operations and streamlines reporting across diverse regions. However, users also highlight WFM's learning curve as a major hurdle, especially for those unfamiliar with its unique interface and terminology. The limited customization options can also be frustrating when specific accounting needs or reporting requirements don't perfectly align with the system's functionalities. Additionally, the high implementation and maintenance costs can be a barrier for smaller organizations, making WFM a better fit for larger enterprises with the resources to invest. Compared to competitors, WFM's strengths lie in its automation capabilities and data-driven insights. Users often find Oracle NetSuite more user-friendly and customizable, while SAP Business One offers better integration with existing systems for some businesses. Ultimately, the choice between WFM and its competitors boils down to individual priorities and needs. If automation, real-time data, and global compliance are top concerns, WFM stands out. However, if ease of use, customization, and cost-effectiveness are paramount, other options might be more suitable.

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Screenshots

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