Workday Financial Management: features, editions and UK prices

Checked 28 October 2026 · 5 min read · Accounting, ERP

Workday Financial Management is an accounting and ERP software from Workday. This page sets out what Workday's own UK pages say about it: the editions and what they cost, which features are built in and which need an app or add-on. It is a factual summary to help you build a shortlist, not a recommendation for or against Workday Financial Management.

In total we confirmed 25 features for Workday Financial Management from public information: 14 built in and 11 through an app, add-on or separate Workday product. Each is listed below with the vendor's own words and a link to the source.

Workday Financial Management editions and UK prices

Prices as published by Workday on 28 October 2026. Prices change; always confirm the current price and terms with Workday before you buy.

Finance and accounting: Workday Financial Management

• Analysis codes / dimensions – built in (Workday Financial Management). “Multidimensional analysis from any report Analyse transactions and accounting, compare budget versus actuals, and blend financial and operational data – all in the same system.” (workday.com)
• Making Tax Digital VAT returns – built in (Workday Financial Management). “Workday is HMRC recognised accounting software, giving you confidence in being fully compatible with Making Tax Digital (MTD).” (workday.com)
• Multi-currency – built in (Workday Financial Management). “Streamline global consolidation Consolidate financial results across entities and multiple currencies with real-time eliminations and translations – making your global close faster.” (workday.com)
• Multiple companies / entities – built in (Workday Financial Management). “Workday delivers real-time consolidation across multiple legal entities, currencies and books , with intercompany eliminations generated automatically as transactions occur.” (workday.com)
• Intercompany transactions – built in (Workday Financial Management). “Workday close and consolidation provides real-time currency translations, intercompany eliminations, non-controlling interest, equity pickup and retained earnings calculations – whenever you need them.” (workday.com)
• Group consolidation – built in (Workday Financial Management). “Streamline global consolidation Consolidate financial results across entities and multiple currencies with real-time eliminations and translations – making your global close faster.” (workday.com)
• Budgets and forecasts – through Workday Adaptive Planning. “Workday Adaptive Planning is the FP&A layer for budgeting, forecasting and scenario modelling.” (workday.com)
• Deferrals and accruals – built in (Workday Financial Management). “Expense recognition Record expenses from business events, including deferred and prepaid expenses, to match revenue.” (workday.com)
• Project / job costing – through Workday Projects. “Account for projects – just like that Capture, capitalise and analyse project costs without integrations.” (workday.com)
• Full audit trail – built in (Workday Financial Management). “It supports HMRC Making Tax Digital for VAT requirements through digital record-keeping and integrated VAT return submission (subject to customer configuration), and provides always-on audit trails within its Business Process Framework.” (workday.com)

Purchasing and payables: Workday Financial Management

• Purchase ordering – through Workday Procurement. “Even workers who are unfamiliar with the procurement basics can easily create purchase requisitions, generate purchase orders, receive goods, process supplier invoices and analyse spend – all in one system.” (workday.com)
• Purchase requisitions – through Workday Procurement. “Even workers who are unfamiliar with the procurement basics can easily create purchase requisitions, generate purchase orders, receive goods, process supplier invoices and analyse spend – all in one system.” (workday.com)
• Supplier invoice approval workflow – built in (Workday Financial Management). “Accounting is generated automatically as transactions are approved, approvals are routed, invoices are matched and anomalies are flagged.” (workday.com)
• Employee expenses – through Workday Expenses. “Email receipts or scan them from your device Illuminate accurately reads and interprets receipt data to automatically create quick expenses that can be easily added to reports.” (workday.com)

Sales, invoicing and receivables: Workday Financial Management

• Quotes / estimates – through Workday Services CPQ. “Play Demo (2:47) Read Datasheet What You Can Do Generate efficient and accurate quotes Workday Services CPQ provides the quoting capabilities that service organisations need to accurately sign new businesses.” (workday.com)
• Credit control and reminders – built in (Workday Financial Management). “Collections, simplified Streamline collections and turn receivables into cash faster than ever with AI-powered dunning, real-time visibility and insights.” (workday.com)
• Revenue recognition – built in (Workday Financial Management). “Trusted and proven for your needs Revenue recognition Transform operational data – such as policy, media production or technology order data – into accounting to recognise revenue, including deferred revenue.” (workday.com)

Stock and warehouse: Workday Financial Management

• Stock control – through Workday Inventory. “Inventory Management Software | Workday UK Continue Skip to main content INVENTORY MANAGEMENT SOFTWARE Stock up on seamless inventory management Workday Inventory gives you complete visibility across your entire inventory process – from item stocking to replenishment.” (workday.com)
• Goods-in / receiving – through Workday Procurement. “Even workers who are unfamiliar with the procurement basics can easily create purchase requisitions, generate purchase orders, receive goods, process supplier invoices and analyse spend – all in one system.” (workday.com)
• Cycle counting / stocktake – through Workday Inventory. “Made for mobile Optimise workflow, perform cycle counts and get real-time data – effortlessly manage inventory from receiving to returns in our app.” (workday.com)
• Reorder points and replenishment – through Workday Inventory. “Read Datasheet WHAT YOU CAN DO Achieve your top-performing bottom line Workday Inventory makes it easy to stock, track and replenish internal goods and supplies.” (workday.com)

Reporting, platform and integrations: Workday Financial Management

• Custom reports – built in (Workday Financial Management). “Actionable reporting at your fingertips Easily create custom reports that fit your unique needs and share them with stakeholders.” (workday.com)
• Dashboards / KPIs – built in (Workday Financial Management). “Create and share dashboards for enhanced agility, insight and collaboration.” (workday.com)
• Excel integration – through an app or add-on. “Work where you want OfficeConnect for Financial Management empowers your accounting, finance and reporting teams with live data in Excel.” (workday.com)
• Workflow / approval automation – built in (Workday Financial Management). “Always-on audit lets you configure workflows for every process and transaction, set standardised controls and track changes in real time.” (workday.com)

How to compare Workday Financial Management with other systems

The useful comparison is against the features your business actually needs. Write down the five or six processes you cannot work without, check each against the list above and against the same list for other systems, and ask each vendor to show those processes in a demo using your own examples.

See our guides to accounting software and ERP software.

Frequently asked questions