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Workday Spend Management description
Workday Spend Management is a cloud-based software that helps mid-sized to large companies manage all aspects of spending in one system. It offers tools for sourcing, contracts, suppliers, procurement, inventory, and expenses. Workday promises real-time insights and uses automation to streamline tasks like expense reports and contract management, freeing your team for more strategic work. It is known for its flexibility, allowing you to tailor approval processes and spending limits to your company's needs.
Who is Workday Spend Management best for
Workday Spend Management helps mid-sized to large companies manage all spending in one system. It offers tools for sourcing, contracts, procurement, and expenses. Users praise its user-friendly interface and comprehensive features, while some note navigation challenges within the platform. It streamlines expense reports and vendor payments, giving your team more time for strategic work.
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Best for mid-sized to large companies needing a unified spending platform.
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Suitable for businesses seeking comprehensive spend management, regardless of industry.
Workday Spend Management features
| Supported Workday Spend Management supports uploading, storing, and matching receipts to expenses. |
| Supported Expense reports can be generated, including summaries and detailed breakdowns. |
| Supported Workday Spend Management supports storing contracts, tracking dates, and milestones. |
| Supported Workday Spend Management streamlines supplier collaboration via a unified portal, enabling efficient communication and issue resolution. |
| Supported Workday Spend Management automates procurement processes, manages purchase orders, tracks supplier performance, and optimizes inventory via integration with Workday Inventory. |
Workday Spend Management reviews
We've summarised 32 Workday Spend Management reviews (Workday Spend Management G2 reviews) and summarised the main points below.
- User-friendly interface and easy navigation.
- Comprehensive platform covering HR, finance, payroll, and expenses.
- Mobile app offers similar functionality to the web app.
- Robust reporting and analytics for informed decision-making.
- Streamlined expense reporting and vendor payments.
- Difficult navigation due to multiple apps within the platform.
- Limited customization for specific features.
- Occasional system lags and performance issues.
- Lack of seamless integration with some Learning Management Systems (LMS).
Workday Spend Management alternatives
ProcurifyBetter fit for smaller organizations and certain industries like healthcare, retail, and government. Known for ease of use and customer support. A Workday Spend Management competitor and alternative.Read more
SkuadBetter for businesses needing international hiring and payroll management. Focuses on global employment and compliance, unlike Workday Spend Management which focuses on spend management. Skuad is a Workday Spend Management competitor and alternative for global teams.Read more
waalaxyBetter for sales and marketing professionals focused on LinkedIn lead generation. More suitable for smaller companies. Offers AI-powered prospecting.Read more
TradifyBetter for small trade businesses. Focuses on job management features like quoting and scheduling. A good Workday Spend Management alternative for construction, manufacturing, or retail businesses.Read more
Kiwi for GmailBetter for individuals and businesses reliant on Gmail and Google Workspace. A desktop email client with offline access, unlike Workday Spend Management. Kiwi for Gmail is more focused on communication and productivity. Not suitable for enterprise spend management needs.Read more
Ruler AnalyticsBetter fit for small to mid-sized businesses focused on marketing ROI. Provides detailed reports and insights on the customer journey, including phone calls. Easier to use but may have performance issues. Pricing is generally considered more affordable than Workday Spend Management. A Workday Spend Management competitor and alternative for marketing attribution.Read more
Workday Spend Management FAQ
What is Workday Spend Management and what does Workday Spend Management do?
Workday Spend Management is a cloud-based software helping mid-sized to large companies manage all spending aspects. It offers tools for sourcing, contracts, procurement, expenses, and inventory, providing real-time insights and automating tasks like expense reports and contract management. This frees up your team for more strategic work.
How does Workday Spend Management integrate with other tools?
Workday Spend Management integrates with other Workday products, such as Workday Financial Management and Workday HCM. It also offers various APIs and integration tools to connect with third-party systems for expanded functionality.
What the main competitors of Workday Spend Management?
Alternatives to Workday Spend Management include Procurify, which focuses on spend control for mid-sized companies, and Skuad, which streamlines global payroll and hiring. Other options, though less directly comparable, include Tradify and Ruler Analytics.
Is Workday Spend Management legit?
Yes, Workday Spend Management is a legitimate cloud-based software. It's known for its user-friendly interface and comprehensive spend management features. However, some users find navigation challenging due to multiple apps within the platform and occasional system lags.
How much does Workday Spend Management cost?
I couldn't find specific pricing details for Workday Spend Management. Contact Workday directly to get a personalized quote for your needs and determine if the product's worth the investment. This will allow you to assess product pricing and see if it fits your budget.
Is Workday Spend Management customer service good?
Customer reviews on Workday Spend Management are generally positive, highlighting its ease of use and comprehensive features for expense reporting and vendor payments. Some users mention slower support response times as a drawback.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.