Workday Spend Management Logo
Workday Spend Management Logo
Workday, Inc.

Workday Spend Management

7.6 /10
Category
Workday Spend Management
7.6 /10

What is Workday Spend Management?

Make expense reporting seamless. Easily capture, submit, and approve expense reports—at work or on the go—with expense reporting software from Workday. Lower costs, improved accuracy, better expense tracking, and faster reimbursements.

Company Details


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Awards & Recognition

Workday Spend Management won the following awards in the Expense Management category

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Workday Spend Management Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on Workday Spend Management.

84 Likeliness to Recommend

95 Plan to Renew

83 Satisfaction of Cost Relative to Value


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Emotional Footprint Overview

+91 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love Workday Spend Management?

2% Negative
3% Neutral
95% Positive

Pros

  • Continually Improving Product
  • Security Protects
  • Fair
  • Performance Enhancing

Feature Ratings

Average 83

Expense Detail Tracking

85

Receipt Image Submission

85

Approval Workflow

84

Multi Currency

83

Expense Itemization

82

Optical Character Recognition

82

Single Sign-On (SSO)

82

Desktop Browser Support

82

Expense Policy Aware

80

Mobile App or Mobile Browser Support

80

Travel Profile

79

Vendor Capability Ratings

Average 77

Breadth of Features

81

Quality of Features

81

Product Strategy and Rate of Improvement

81

Ease of IT Administration

78

Usability and Intuitiveness

78

Business Value Created

77

Availability and Quality of Training

77

Vendor Support

76

Ease of Data Integration

75

Ease of Implementation

74

Ease of Customization

70

Workday Spend Management Reviews

Harendra R.

  • Role: Sales Marketing
  • Industry: Telecommunications
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Jan 2023

Features a flexible approval system

Likeliness to Recommend

10 /10

What differentiates Workday Spend Management from other similar products?

Easy to create accessible centralized storage hub to track all monetary outlay costs which gives us the ability to thoroughly analyze where money is being spent and enabled assessment of potential cost-cutting strategies.

What is your favorite aspect of this product?

It offers audit-ready reports that help improve the visibility and accuracy if expense reports, streamlining the accounts payable process and simplifying the process for employees to file for reimbursement.

What do you dislike most about this product?

A feature like an integrated chatbot can help keep both the sales and finance teams on the same page and communicate efficiently and ensure we have real-time alerts to assist with forecasting cash flow.

What recommendations would you give to someone considering this product?

It is a modern spend management software that help companies manage better and bring visibility to their expenses, enabling digitization of corporate cards and automating payments and reimbursements.

Pros

  • Helps Innovate
  • Continually Improving Product
  • Reliable
  • Performance Enhancing

Meghan R.

  • Role: Finance
  • Industry: Finance
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Oct 2022

Efficient Expense Control Platform

Likeliness to Recommend

9 /10

What differentiates Workday Spend Management from other similar products?

Workday Expense coordinates the usage of every financial expense in the fur..

What is your favorite aspect of this product?

Workday Expense verifies every transaction for business proficiency.

What do you dislike most about this product?

Workday Expense navigates proper follow up for solid financial discipline.

What recommendations would you give to someone considering this product?

Workday Expense is a highly contemplated financial management software.

Pros

  • Helps Innovate
  • Enables Productivity
  • Trustworthy
  • Inspires Innovation

Zach J.

  • Role: Operations
  • Industry: Other
  • Involvement: End User of Application
Validated Review
Verified Reviewer

Submitted Oct 2022

Workday is an all-in-one software

Likeliness to Recommend

9 /10

What differentiates Workday Spend Management from other similar products?

Beneficial if you need to generate reports regularly is the option to store and retrieve a subset of words at any time. The design team behind Workday did an excellent job creating a user-friendly UI. Since I am the allowed approver of all expenditures related to my cost center, I have no objections.

What is your favorite aspect of this product?

With Workday, I can easily and quickly reconcile any invoices, requisitions, and reimbursements that come through my office and keep track of all of my personal information and documents in one central location. Simple report-making and minimal time spent coding integrations. An intuitive interface and quick iteration time make dashboards easy to build and implement—quick access to payroll and tax records.

What do you dislike most about this product?

Expenses can be "glitchy," and the fields might sometimes confuse. One expenditure report may seem daunting at first, but once you've completed one, you'll see it's relatively straightforward. Report generation is also prone to occasional bugs. Aside from some potential muddles in the "inbox" or "archive" area, Workday is excellent financial management software.

What recommendations would you give to someone considering this product?

Workday's fantastic interface makes it simple to pick up without compromising the solution's efficacy. Fast, cheap, and easily kept up with. This tool has dramatically simplified our human resources operations. Internal financial reporting, of course, but also people management, recruitment, benefits, and more. The process of making and sticking to a budget is no longer a monumental one.

Pros

  • Performance Enhancing
  • Enables Productivity
  • Trustworthy
  • Effective Service

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