Shlomi Lavi /
Dec 28, 2022
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Bottom Line: Which is Better - Workday Adaptive Planning or BudgetGuide?
Workday Adaptive Planning is more expensive to implement (TCO) than BudgetGuide, and Workday Adaptive Planning is rated higher (94/100) than BudgetGuide (54/100). Workday Adaptive Planning offers users more features (15) than BudgetGuide (5).
Looking for the right Budgeting & CPM 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:
Workday Vs. Acteon Technologies
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...
Acteon Technologies: Acteon Technologies was founded in 2002 with the charter to deliver a better budgeting solution to emerging and middle-market companies. Frustrated by the limitation of spreadsheets and the complexity and high price of existing budgeting products, CPA and former CFO, Chris Lorch envisioned the ideal budgeting solution.
Who is more expensive? Workday Adaptive Planning or BudgetGuide?
The real total cost of ownership (TCO) of Budgeting & CPM 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 Workday Adaptive Planning and BudgetGuide.
Workday Adaptive Planning price starts at $15,000 per license , On a scale between 1 to 10 Workday Adaptive Planning is rated 8, which is higher than the average cost of Budgeting & CPM software. BudgetGuide accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 Workday Adaptive Planning is rated 8, which is higher than the average cost of Budgeting & CPM software.
Bottom line: Workday Adaptive Planning is more expensive than BudgetGuide.
Which software includes more/better features?
We've compared Workday Adaptive Planning Vs. BudgetGuide based on some of the most important and required Budgeting & CPM features.
Workday Adaptive Planning: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Ad-Hoc Analysis, Ad-Hoc Reporting, Automatic Scheduled Reporting, Dashboarding, Forecasting & Budgeting, Performance Measurements, Predictive-Analysis, Profit Analysis.
BudgetGuide: "What If" Scenarios, Expenditure budget, For Service Organisations, Graphical Data Presentation, Profit / Loss Statement.
Target customer size
Workday Adaptive Planning is intended for large enterprises looking for easier ways for preparing cash flow projections, balance sheet forecasting and sales planning. The software is extensive enough to meet the financial and budgeting needs of all business sizes.