Compare Workday Adaptive Planning and MultiCHAX - Dec 2022

Shlomi Lavi

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

Workday Adaptive Planning is more expensive to implement (TCO) than MultiCHAX, and Workday Adaptive Planning is rated higher (94/100) than MultiCHAX (92/100). Workday Adaptive Planning offers users more features (15) than MultiCHAX (3).

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. Chax, Inc.

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...

Chax, Inc.: CHAX®: The most cost-effective check by phone, check by fax, and check by internet system available. Checks by phone, fax, or e-mail software allows you to enter your customer's check information, print the information on a blank check form, and deposit the check to any U.S. bank for deposit the same day. Now, collecting payments by check has ne...

Who is more expensive? Workday Adaptive Planning or MultiCHAX?

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 MultiCHAX.

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. MultiCHAX price starts at $99 per license , When comparing MultiCHAX to its competitors, the software is rated 6 - similar to the average Budgeting & CPM software cost.

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

Which software includes more/better features?

We've compared Workday Adaptive Planning Vs. MultiCHAX 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.

MultiCHAX: Data Import/Export, Basic Reports, Online Customer Support.

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. Customers of the software mainly include small and medium businesses with backgrounds in various major industries.