Workday, Inc.

Workday Spend Management

Composite Score

7.4 /10

CX Score

7.7 /10

48 Reviews Write a Review

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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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1 Top Rated Capabilities

0 Top Rated Features

Latest Award, 2024

0 Top Rated Capabilities

1 Top Rated Features

2023

2023 Emotional Footprint Champion

2023

Service Experience
Product Impact
Conflict Resolution

2023

2022 Data Quadrant Gold Medalist

2022

2 Top Rated Capabilities

4 Top Rated Features

2022

2022 Emotional Footprint Champion

2022

Strategy and Innovation
Service Experience
Product Impact
Contract Negotiation
Conflict Resolution

2022

1 Top Rated Capabilities

3 Top Rated Features

2021

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.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

84 Likeliness to Recommend

95 Plan to Renew

83 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+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

Receipt Image Submission

Approval Workflow

Multi Currency

Expense Itemization

Optical Character Recognition

Single Sign-On (SSO)

Desktop Browser Support

Expense Policy Aware

Mobile App or Mobile Browser Support

Travel Profile

Vendor Capability Ratings

Average 76

Breadth of Features

Quality of Features

Product Strategy and Rate of Improvement

Ease of IT Administration

Usability and Intuitiveness

Business Value Created

Availability and Quality of Training

Ease of Data Integration

Vendor Support

Ease of Implementation

Ease of Customization

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

Workday Spend Management

What is Workday Spend Management?

Company Details

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Awards & Recognition

2023 Emotional Footprint Champion

2022 Data Quadrant Gold Medalist

2022 Emotional Footprint Champion

2021 Emotional Footprint Champion

2020 Data Quadrant Gold Medalist

2020 Emotional Footprint Champion

Workday Spend Management Ratings

84 Likeliness to Recommend

95 Plan to Renew

83 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+91 Net Emotional Footprint

How much do users love Workday Spend Management?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Expense Detail Tracking Expense information related to the expense, including reason, attendees, project and/or client information, and whether an expense is re-billable to a client.

Receipt Image Submission The ability to take or import photos of the receipts supporting the expense.

Approval Workflow Approval or non-approval of submitted expenses, as well as pre-approval of travel and accommodations reservations before bookings are allowed to be finalized.

Multi Currency The ability to record expenses in multiple currencies in a single report.

Expense Itemization Itemize expenses off a single receipt, identifying specific line items to a person or activity, taxes, tips, and/or rebillable/non-rebillable items.

Optical Character Recognition Extraction of relevant information off a receipt image, and auto-import into the expense record. This includes itemization, taxes, and gratuities.

Single Sign-On (SSO) Login authentication linked to corporate login credentials, and user account information auto-populated to the expense profile.

Desktop Browser Support Accessible from a web browser, anywhere and anytime, with the appropriate security measures.

Expense Policy Aware Configurable with the organization’s expense policy by blocking an expense or travel booking, or raising an alert that prompts for a rationale for exceptions.

Mobile App or Mobile Browser Support Facilitates the use of the mobile device to capture receipt images, allowing feature expense tracking and submission, with the convenience of mobility.

Travel Profile The ability to save and apply traveler preferences, such as seat preferences, frequent traveler loyalty card information, upgrade options, etc.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Workday Spend Management Reviews

Harendra R.

Features a flexible approval system

Likeliness to Recommend

Pros

Meghan R.

Efficient Expense Control Platform

Likeliness to Recommend

Pros

Zach J.

Workday is an all-in-one software

Likeliness to Recommend

Pros

Most Popular Workday Spend Management Comparisons

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Feature Ratings

Expense Detail Tracking

Receipt Image Submission

Approval Workflow

Multi Currency

Expense Itemization

Optical Character Recognition

Single Sign-On (SSO)

Desktop Browser Support

Expense Policy Aware

Mobile App or Mobile Browser Support

Travel Profile

Vendor Capability Ratings

Breadth of Features

Quality of Features

Product Strategy and Rate of Improvement

Ease of IT Administration

Usability and Intuitiveness

Business Value Created

Availability and Quality of Training

Ease of Data Integration

Vendor Support

Ease of Implementation

Ease of Customization

Quickbooks Expense Tracking