Compare Workday Adaptive Planning and Xero - Dec 2022

Shlomi Lavi

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

Workday Adaptive Planning is more expensive to implement (TCO) than Xero, and Xero is rated with the same score (94/100) as Workday Adaptive Planning (94/100). Workday Adaptive Planning offers users more features (15) than Xero (13).

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. Xero

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...

Xero : Xero was founded in July 2006 by successful technology entrepreneur Rod Drury and specialist small business accountant Hamish Edwards. Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange and is a fast growing company with teams in Wellington, Auckland, Melbourne, Sydney, Brisbane, San Francisco, and Milton Keynes...

Who is more expensive? Workday Adaptive Planning or Xero?

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 Xero.

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. Xero price starts at $12 per month , When comparing Xero 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 Xero.

Which software includes more/better features?

We've compared Workday Adaptive Planning Vs. Xero 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.

Xero: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Fixed-Assets.

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. Xero is best for small businesses, freelancers and non-profit organizations.