Compare GMS Accounting and Workday Adaptive Planning - Dec 2022

Shlomi Lavi

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Bottom Line: Which is Better - GMS Accounting or Workday Adaptive Planning?

Workday Adaptive Planning is more expensive to implement (TCO) than GMS Accounting, and Workday Adaptive Planning is rated higher (94/100) than GMS Accounting (76/100). GMS Accounting offers users more features (19) than Workday Adaptive Planning (15).

Looking for the right Accounting & Finance 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:

Grants Management Systems (GMS) Vs. Workday

Grants Management Systems (GMS): GMS (Grants Management Systems) has designed specialized software with a demonstrated record of success for hundreds of non-profit and public organizations. Our clients will tell you, GMS has a clear understanding of their distinct accounting and financial reporting needs. The GMS Accounting and Financial Management/Reporting System is not a ...

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? GMS Accounting or Workday Adaptive Planning?

The real total cost of ownership (TCO) of Accounting & Finance 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 GMS Accounting and Workday Adaptive Planning.

GMS Accounting accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 GMS Accounting is rated 4, which is lower than the average cost of Accounting & Finance 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 Accounting & Finance software cost.

Bottom line: Workday Adaptive Planning is more expensive than GMS Accounting.

Which software includes more/better features?

We've compared GMS Accounting Vs. Workday Adaptive Planning based on some of the most important and required Accounting & Finance features.

GMS Accounting: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Budgeting & Forecasting, Cash Flow, Check Printing, Fixed-Assets.

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

Target customer size

GMS accounting software is suitable for all business sizes. Workday Adaptive Planning is intended for large enterprises looking for easier ways for preparing cash flow projections, balance sheet forecasting and sales planning.