Shlomi Lavi /
Dec 28, 2022
We publish unbiased reviews. Our opinions are our own and are not influenced by payments from advertisers. This content is reader-supported, which means if you leave your details with us we may earn a commission. Learn why ITQlick is free .
Bottom Line: Which is Better - Workday Adaptive Planning or SmartHCM?
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 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. SmartHCM
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...
SmartHCM: Complete and modular set of enterprise application, engineered from the ground up to be cloud-ready and to coexist seamlessly in mixed environments.
Who is more expensive? Workday Adaptive Planning or SmartHCM?
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 SmartHCM.
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. SmartHCM price starts at $29 per user/month , When comparing SmartHCM to its competitors, the software is rated 2 - much lower than the average Budgeting & CPM software cost.
Bottom line: Workday Adaptive Planning is more expensive than SmartHCM.
Which software includes more/better features?
We've compared Workday Adaptive Planning Vs. SmartHCM 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.
SmartHCM: Benefits Administration, Employee Self-Service, Payroll, Human Resources, Applicant Tracking.
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. and SmartHCM's target customer size include: Small, medium and large size businesses.