Workday is a web-based enterprise software that offers financial and human capital management solutions for various industries. The platform boasts unified finance and HR functionalities, bringing real-time insights and auditable process management via a modern SaaS model.
Workday stands out for its integrations with over 600 third-party tools, in-depth people analytics, and AI-driven employee engagement and skills management. It features the Workday Peakon Employee Voice, an AI-based tool for employee engagement, and the Workday Skills Cloud for AI-based hiring and employee development. Its mobile apps are highly rated for user-friendliness and accessibility, though the Android version has received complaints about bugs.
Developed by IFS North America, IFS Applications is a versatile ERP system. It stands out for its modularity, allowing businesses to choose from over 100 business components tailored to their unique needs. The software can be deployed on-premises or hosted on the cloud. However, some users have reported performance issues and found the interface less intuitive than desired.
IFS Applications is particularly beneficial for organizations in the Aerospace and Defense, Energy Utilities and Resources, Construction and Engineering, Manufacturing, and Service Industries. These sectors, requiring robust asset management, service delivery, and industry-specific functionalities, can benefit greatly from IFS’s offerings.
Created by Workday Inc., Workday is a cloud-based ERP solution that combines financial and human capital management solutions. It’s known for its user-friendly interface and extensive customization options. However, it lacks a free version, and pricing isn’t publicly available, which may be a consideration for some businesses.
Workday ERP is most suitable for large companies with over 2,000 employees and complex operations spanning multiple regions or entities. This ERP system is highly flexible, making it an excellent choice for a wide range of industries.
After careful consideration, we believe that Workday ERP is likely a better fit for most businesses. Its user-friendly interface, many customization options, and comprehensive human capital management tools make it a standout choice. The cloud-based deployment model also makes it easier for businesses to get up and running quickly, without the need for extensive hardware investment.
However, for businesses in certain industries such as Aerospace and Defense, Energy Utilities and Resources, Construction and Engineering, Manufacturing, and Service Industries, IFS Applications may be more suitable due to its industry-specific functionalities and robust asset management options.
For a broader selection of software options, check out our roundup of the best ERP software.