Compare SmartHCM and Workday Adaptive Planning - Dec 2022

Shlomi LaviShlomi Lavi / Dec 28, 2022

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

Workday Adaptive Planning is more expensive to implement (TCO) than SmartHCM, and Workday Adaptive Planning is rated higher (94/100) than SmartHCM (82/100). Workday Adaptive Planning offers users more features (15) than SmartHCM (5).

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:

SmartHCM Vs. Workday

SmartHCM: Complete and modular set of enterprise application, engineered from the ground up to be cloud-ready and to coexist seamlessly in mixed environments.

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? SmartHCM or Workday Adaptive Planning?

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 SmartHCM and Workday Adaptive Planning.

SmartHCM price starts at $29 per user/month , On a scale between 1 to 10 SmartHCM is rated 2, which is much lower than the average cost of Human Resources 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 Human Resources software cost.

Bottom line: Workday Adaptive Planning is more expensive than SmartHCM.

Which software includes more/better features?

We've compared SmartHCM Vs. Workday Adaptive Planning based on some of the most important and required Human Resources features.

SmartHCM: Benefits Administration, Employee Self-Service, Payroll, Human Resources, Applicant Tracking.

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

Target customer size

SmartHCM's typical customers include: Small, medium and large size businesses, Workday Adaptive Planning is intended for large enterprises looking for easier ways for preparing cash flow projections, balance sheet forecasting and sales planning.



SmartHCM

ITQlick rating
(4.8/5)

starts at $29 per user/month

SmartHCM is a comprehensive, human capital management (HCM) software solution that is both on premise and cloud based, designed to assist organizations in various industries to manage their HR tasks such as pay...

Categories: Payroll Accounting, Performance Management, Self-Service Portal, Human Resources.

Workday Adaptive Planning

ITQlick rating
(4.5/5)

starts at $15,000 per license

Workday Adaptive Planning software is a cloud-based, SaaS, Business planning solution that offers tools for forecasting, budgeting, and reporting. The software removes the need for new software or hardware for ...

Categories: Accounting Practice Management, Budgeting & CPM, Financial reporting, Payroll Accounting, BI & Analytics.

Compare specifications

Compare features

SmartHCM: 5 Features

Benefits Administration
Employee Self-Service
Payroll
Human Resources
Applicant Tracking

Workday Adaptive Planning: 15 Features

Ad-Hoc Analysis
Ad-Hoc Reporting
Automatic Scheduled Reporting
Dashboarding
Forecasting & Budgeting
Performance Measurements
Predictive-Analysis
Profit Analysis
Balance Sheet
Capital Asset Planning
Cash flow/cash budget
Forecasting
Multi-Department / Project
Revenue budget
Sales budget
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
SmartHCM
ITQlick rating
4.8/5
Score
82/100
Pricing
2.4/10
License pricing
$29 per user/month
Functionality
16
Compare
Workday ...
ITQlick rating
4.5/5
Score
94/100
Pricing
8/10
License pricing
$15,000 per license
Functionality
28
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
Workday ...
ITQlick rating
4.3/5
Score
98/100
Pricing
10/10
License pricing
$45 per employee/month
Functionality
3

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.