Compare XLReporting and Workday Adaptive Planning - Jan 2023

Shlomi Lavi

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

Workday Adaptive Planning is more expensive to implement (TCO) than XLReporting, and Workday Adaptive Planning is rated higher (94/100) than XLReporting (80/100). Workday Adaptive Planning offers users more features (15) than XLReporting (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:

XLReporting Vs. Workday

XLReporting: We are a small team of finance and IT experts, specialized in financial reporting and planning processes. Lots of companies depend on complex and fragile Excel solutions for their reporting, consolidation, and budgeting. We help our clients to move away from that by providing them with powerful, flexible, and robust solutions. We developed XLRep...

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...

Who is more expensive? XLReporting or Workday Adaptive Planning?

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 XLReporting and Workday Adaptive Planning.

XLReporting price starts at $240 per month , On a scale between 1 to 10 XLReporting is rated 2, which is much lower than the average cost of Budgeting & CPM software. Workday Adaptive Planning price starts at $15,000 per license , When comparing Workday Adaptive Planning to its competitors, the software is rated 8 - higher than the average Budgeting & CPM software cost.

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

Which software includes more/better features?

We've compared XLReporting Vs. Workday Adaptive Planning based on some of the most important and required Budgeting & CPM features.

XLReporting: Version Control, Budgeting & Forecasting, Financial reporting, Capital Asset Planning, Forecasting.

Workday Adaptive Planning: Ad-Hoc Analysis, Ad-Hoc Reporting, Automatic Scheduled Reporting, Dashboarding, Forecasting & Budgeting.

Target customer size

The typical clients utilizing XLReporting are those belonging to the small (with 10 – 100 employees) to medium-sized (with 100 to 1,000 employees) enterprises that make use of the services offered by the IT sector, data hosting and other related information services, particularly in the field of visual analytics and business intelligence. Workday Adaptive Planning is intended for large enterprises looking for easier ways for preparing cash flow projections, balance sheet forecasting and sales planning.