Compare FinancialForce HCM and Workday HCM - Mar 2023

Shlomi LaviShlomi Lavi / Mar 02, 2023

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Bottom Line: Which is Better - FinancialForce HCM or Workday HCM?

Workday HCM is more expensive to implement (TCO) than FinancialForce HCM, and Workday HCM is rated higher (98/100) than FinancialForce HCM (92/100). FinancialForce HCM offers users more features (5) than Workday HCM (0).

Looking for the right Human Resources 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:

Financial Force Vs. Workday

Financial Force: FinancialForce.com is the cloud applications company. We focus 100% on building business applications for Force.com, the world’s leading cloud computing platform from salesforce.com. Our applications include Accounting, Billing, Professional Services Automation (PSA) and Services Resource Planning (SRP). We serve fast-growing organizations as well...

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? FinancialForce HCM or Workday?

The real total cost of ownership (TCO) of Human Resources 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 FinancialForce HCM and Workday.

FinancialForce HCM price starts at $9,000 per year , On a scale between 1 to 10 FinancialForce HCM is rated 2, which is much lower than the average cost of Human Resources software. Workday price starts at $45 per employee/month , When comparing Workday to its competitors, the software is rated 10 - much higher than the average Human Resources software cost.

Bottom line: Workday is more expensive than FinancialForce HCM.

Which software includes more/better features?

We've compared FinancialForce HCM Vs. Workday HCM based on some of the most important and required Human Resources features.

FinancialForce HCM: HR Management, Payroll, Performance Record, Recruiting, Timesheet.

Workday: We are still working to collect the list of features for Workday.

Target customer size

FinancialForce HCM is best for SMBs engages in several industries, including pharmaceuticals, accounting, legal, advertising, insurance, automotive, hospitality, banking, healthcare, broadcasting, engineering, business process outsourcing, e-commerce, and engineering.

Workday HCM is used by businesses of all sizes and across a variety of industries.



FinancialForce HCM

ITQlick rating
(3.1/5)

starts at $9,000 per year

FinancialForce HCM (Human Capital Management) is a fully integrated software solution that helps businesses manage their current and incoming employees, from recruitment until their retirement. The software inc...

Categories: Human Resources, Applicant Tracking, Attendance Tracking, Benefits Administration.

Workday HCM

ITQlick rating
(4.3/5)

starts at $45 per employee/month

Workday is a cloud-based scalable enterprise resource management platform that enables companies of various sizes and capacities to effectively handle administrative duties such as Financial Management, Human R...

Categories: Human Resources, Workforce Management.

Compare specifications

Compare features

FinancialForce HCM: 5 Features

HR Management
Payroll
Performance Record
Recruiting
Timesheet

Workday: 0 Features

We are working to collect the information
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
Financia...
ITQlick rating
3.1/5
Score
92/100
Pricing
2.2/10
License pricing
$9,000 per year
Functionality
23
Compare
Workday ...
ITQlick rating
4.3/5
Score
98/100
Pricing
10/10
License pricing
$45 per employee/month
Functionality
3
Gusto
ITQlick rating
4.7/5
Score
99/100
Pricing
4/10
License pricing
$39 per month
Functionality
20
Review
Workforc...
ITQlick rating
4.1/5
Score
98/100
Pricing
2/10
License pricing
$6 per employee/month
Functionality
32
APS
ITQlick rating
4.6/5
Score
98/100
Pricing
6/10
License pricing
$50 per month
Functionality
13
Review

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.