Shlomi 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.