Compare MYOB Accounting and Workday Adaptive Planning - Dec 2022

Shlomi Lavi

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

Workday Adaptive Planning is more expensive to implement (TCO) than MYOB Accounting, and Workday Adaptive Planning is rated higher (94/100) than MYOB Accounting (70/100). Workday Adaptive Planning offers users more features (15) than MYOB Accounting (5).

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:

MYOB Vs. Workday

MYOB: As Australia’s largest provider of business management solutions, we believe you deserve the freedom that comes with choice. No two businesses are the same so we offer more than 50 products and services . From desktop software to cloud-based solutions, MYOB can fulfill your needs.

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? MYOB 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 MYOB Accounting and Workday Adaptive Planning.

MYOB Accounting price starts at $12 per month , On a scale between 1 to 10 MYOB Accounting software is rated 2, which is much 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 MYOB Accounting.

Which software includes more/better features?

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

MYOB Accounting: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Tax compliance.

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

Target customer size

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