Compare Accounts Payable Automation and Workday Adaptive Planning - Dec 2022

Shlomi Lavi

We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .

Bottom Line: Which is Better - Accounts Payable Automation or Workday Adaptive Planning?

Workday Adaptive Planning is more expensive to implement (TCO) than Accounts Payable Automation, and Workday Adaptive Planning is rated higher (94/100) than Accounts Payable Automation (88/100). Workday Adaptive Planning offers users more features (15) than Accounts Payable Automation (4).

Looking for the right Accounts Payable solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

ReadSoft Vs. Workday

ReadSoft : ReadSoft has been a pioneer in P2P invoice automation since the 1990s, when the company first brought free-form technology for invoice processing to market. Today, ReadSoft continues to be a global leader in business document process automation, with 2,500+ accounts payable solution applications worldwide – more than double the total applications o...

Workday: In 2005, software visionaries Dave Duffield and Aneel Bhusri met for brunch at a Truckee diner, a few miles north of Lake Tahoe. They decided to form a startup—one that would sell cloud-based finance and HR software. The two longtime friends had plenty of experience. Dave founded PeopleSoft in 1987 and served as the company's CEO and board chairma...

Who is more expensive? Accounts Payable Automation or Workday Adaptive Planning?

The real total cost of ownership (TCO) of Accounts Payable software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Accounts Payable Automation and Workday Adaptive Planning.

Accounts Payable Automation price starts at $595 per license , On a scale between 1 to 10 Accounts Payable Automation Software is rated 6, which is similar to the average cost of Accounts Payable software. Workday Adaptive Planning price starts at $15,000 per license , When comparing Workday Adaptive Planning to its competitors, the software is rated 8 - higher than the average Accounts Payable software cost.

Bottom line: Workday Adaptive Planning is more expensive than Accounts Payable Automation.

Which software includes more/better features?

We've compared Accounts Payable Automation Vs. Workday Adaptive Planning based on some of the most important and required Accounts Payable features.

Accounts Payable Automation: Accounts Payable, Accounts Receivable, Billing & Invoicing, Fixed-Assets.

Workday Adaptive Planning: Ad-Hoc Analysis, Ad-Hoc Reporting, Automatic Scheduled Reporting, Dashboarding, Forecasting & Budgeting.

Target customer size

Customers of the software include businesses of all sizes and a variety of types from all over the world. Workday Adaptive Planning is intended for large enterprises looking for easier ways for preparing cash flow projections, balance sheet forecasting and sales planning.