Workday Vs FinancialForce HCM (Jun 2021)

Shlomi LaviShlomi Lavi / Jun 22, 2021

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Bottom Line: Which is Better - Workday or FinancialForce HCM?

Workday is more expensive to implement (TCO) than FinancialForce HCM, Workday is rated higher (97/100) than FinancialForce HCM (92/100). FinancialForce HCM offers more features (5) to their users than Workday (0).

Looking for the right Human Resources solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How Workday compares with Financial Force?

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...

Financial Force: FinancialForce.com is the cloud applications company. We focus 100% on building business applications for Force.com, the world’s leading cloud computing platform from salesforce.com. Our applications include Accounting, Billing, Professional Services Automation (PSA) and Services Resource Planning (SRP). We serve fast-growing organizations as well...

Who's more expensive? Workday or FinancialForce HCM?

The real total cost of ownership (TCO) of Human Resources software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for Workday and FinancialForce HCM.

Workday price starts at $100 per user/year , on a scale between 1 to 10 Workday is rated 6, which is similar to the average cost of Human Resources software. FinancialForce HCM accurate pricing info is available upon request (they don't share it publicly), however , on a scale between 1 to 10 Workday is rated 6, which is similar to the average cost of Human Resources software.

Bottom line: Workday is more expensive than FinancialForce HCM.

Which software includes more/better features?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared Workday Vs. FinancialForce HCM based on some of the most important and required Human Resources features. Workday: We are still working to collect the list of features for Workday. FinancialForce HCM: HR Management, Payroll, Performance Record, Recruiting, Timesheet.

Target customer size

Workday's typical customers include: Small, medium and large size businesses, FinancialForce HCM is best for SMBs engages in several industries, including pharmaceuticals, accounting, legal, advertising, insurance, automotive, hospitality, banking, healthcare, broadcasting, engineering, business process outsourcing, e-commerce, and engineering.

Workday

ITQlick rating
(4.3/5)

starts at $100 per user/year

Workday is a cloud-based scalable enterprise resource management platform that enables companies of various sizes and capacities to effectively handle administrative duties such as Financial Management, Human R...

Categories: Human Resources, Workforce Management.

FinancialForce HCM

ITQlick rating
(3.1/5)

FinancialForce HCM (Human Capital Management) is a fully integrated software solution that helps businesses manage their current and incoming employees, from recruitment until their retirement. The software inc...

Categories: Human Resources, Applicant Tracking, Attendance Tracking, Benefits Administration, Compensation Management.

Compare specifications

Compare features

Workday: 0 Features

We are working to collect the list of features

FinancialForce HCM: 5 Features

HR Management
Payroll
Performance Record
Recruiting
Timesheet
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
Workday
ITQlick rating
4.3/5
Score
97/100
Pricing
6/10
License pricing
$100 per user/year
Functionality
3
Compare
FinancialForce
ITQlick rating
3.1/5
Score
92/100
Pricing
2.2/10
License pricing
Pricing not available
Functionality
23
Kronos
ITQlick rating
4.1/5
Score
98/100
Pricing
2/10
License pricing
$6 per user/month
Functionality
32
Review
Namely
ITQlick rating
4.1/5
Score
97/100
Pricing
6.8/10
License pricing
$15 per employee/month
Functionality
22
Review
BambooHR
ITQlick rating
4.5/5
Score
97/100
Pricing
2.2/10
License pricing
$6 per user/month
Functionality
27
Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.