PeopleSoft vs Ramco HCM vs Workday comparison

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6,326 views|5,498 comparisons
86% willing to recommend
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436 views|252 comparisons
66% willing to recommend
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12,054 views|7,594 comparisons
91% willing to recommend
Comparison Buyer's Guide
Executive Summary

We performed a comparison between PeopleSoft, Ramco HCM, and Workday based on real PeerSpot user reviews.

Find out what your peers are saying about Workday, Oracle, SAP and others in Benefits Administration.
To learn more, read our detailed Benefits Administration Report (Updated: March 2024).
768,857 professionals have used our research since 2012.
Featured Review
Quotes From Members
We asked business professionals to review the solutions they use.
Here are some excerpts of what they said:
Pros
"Scalability-wise, I rate the solution a ten out of ten.""The most valuable feature is that it's easy to use.""Very stable in terms of performance and scalability.""The most valuable feature of the solution is its stability.""PeopleSoft is mostly used for payroll and core HR functionality. Some customers use it for its finance module.""It's great for helping users deal with their supply chain.""The solution's scalability is good.""The customizations allow us to come up with a lot of complex labor rules. In the Philippines, there's a lot of different kinds of rules you need to be in compliance with. The solution offers up a lot of flexibility and customization that is perfect for our region's requirements."

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"Ramco HCM is a stable system that doesn't have downtime or fluctuation issues. It can also take large volumes and scale up very fast.""It is a good product, and it is suitable for different client requirements. It has customization options and flexibility. You can customize a report or configure the workflow based on your requirements. Everything is there in the product, and you can customize it as per your requirement. Our clients found the automation of the payroll, leave attendance, and onboarding modules the most valuable. The Time and Attendance module is fully integrated with this solution and supports multiple data entry modes, such as barcode, biometric device, fingerprints, and face reading. Its core HR module includes features like movement, expense management, exit, and separation. The compensation and benefits module includes features like welfare, retirement, and superannuation. It also has analytical tools. You can create a real-time report based on your requirements. You can also publish that report in different formats, such as Excel, PDF, HTML, etc. It has a chatbot feature, which is using machine learning and natural language. You can ask questions about your leave balance, attendance, or things like that, and you will get an immediate reply from the chatbot. It also supports approval through email.""Payroll processing is very easy. SQL rules can be attached to any pay elements.""Ramco is user-friendly. The UA is excellent and so easy to use that a customer can easily understand the process with zero knowledge of the system. We can easily walk a new user through the user guide. For each ESS MSS, I can log in to the ESS access. and documentation is available.""Ramco HCM stands out due to its reliability and up-to-date compliance with legal, statutory, and regulatory requirements.""The performance management system is really good.""Once we implemented this solution, it was customizable for our needs and this has been the most valuable aspect of this solution.""In general, the solution is very flexible and can be configured in multiple ways."

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"I found the analysis features to be very useful for our company. I also found the modules installed to be aligned with our company's KPIs. These were the two features that stood out.""It's intuitive, a very usable tool and it's easy to find the data you're looking for.""There is a lot of scope for customization with this solution""We use the platform for tasks, including applying for leaves, communication, and adhering to our organization's policies through efficient goal setting and reviews.""It stores everything for the employee. It has also been able to store the information that we use for our payroll demand.""The payroll and benefits engine is the most valuable Workday solution in my opinion. It is also easy to access.""It helps the users to enroll for the benefits automatically and update their life events without the involvement of HR individuals or back-office staff. It enables a person to take action on their own. It reduces the administrative burden on HR and puts the ownership on the person that is going through the life event, whether it is having a child, taking a leave of absence, or something else. There are easy ways to integrate Workday with your common benefits. At least in the USA, it can be integrated with common benefits providers such as Fidelity, Blue Cross Blue Shield, Aetna, etc. It has got a connector that is able to connect with the vendor or the third party to which you are trying to send the eligibility file. It basically allows us to automate or set up the tool, and the integration with the provider is a lot quicker than competing tools. When it comes to reporting on just eligibility and SLSA, it is a lot more user-intuitive. Depending on the purpose of what you are doing, you can grant security rights or roles, for example, you can control whether someone is a benefits administrator doing an independent audit. Workday makes it very easy to do that. It significantly simplifies the reporting process.""This product is leaps and bounds above the competition. Part of the reason is that it is built with modern technology. It has no legacy coding in it at all."

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Cons
"In my opinion, it needs more performance, maybe something technical related, because it's very slow for us and even small activities take a while.""The Time and Labor module is not that flexible.""The whole systematic flow of any query raised to HR should be improved.""Services that need improvement include PeopleSoft Query, Pivot Grids, and PeopleSoft Test Framework.""The solution could have better processes and automation, or features that allow for a paperless environment.""Often support just asks people to install a lot of upgrades. Sometimes they don't really give you clear details as to why you need to upgrade. They just say, "You need to upgrade this because there's a newer image, etc". They never really give you the reason underlying why you are having errors.""Having applications which provide more enhanced features and user-friendly elements.""Parsing of CVs is productive but accuracy can be improved."

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"Ramco could be a bit faster and offer more use cases. A prime aim is to get analytics and this is lacking in Ramco. This lack of reporting is one of the reasons we are moving away from using Ramco.""The mobile app and web page user experience could be more user friendly.""They can improve the configuration time because it takes more time than other products to configure the system. It could be because they are managing this single product for all countries, but it would be good if they improve the implementation time because we need to implement the solutions within a timeline. They should provide some kind of auto-configuration so that the system can be configured and implemented within a certain timeline. Implementors should have a provision to configure the system in a short time. There should also be an option to move the setup or configuration from staging to production to save time. These types of automation should be there.""The entire UI/UX of the solution can be improved drastically.""The product itself sometimes feels inconsistent because it comes with bugs.""One area for improvement in Ramco HCM is its UI, which could be more intuitive. Another area for improvement in the system is that it can be challenging to make some modular-based changes to it.""The mobile app for this solution could be improved as it lacks many features.""The talent management and performance appraisal modules could use some improvement."

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"It's possible that the way things are integrated could be improved""The solution has some features missing when you put them in the test studio or Confluence Studio. I would like the tool’s coding to be easier to understand and automated. Most of the coding these days is automated. Any query given can pull the answer directly which can make the solution easier to understand.""In terms of reporting, we have to rely on a consultant to do the report customization. The most important thing is to be able to do your own reporting, which it can't do. We rely so much on our consultant to customize reports for us.""The user interface could be better. Everything else was fine.""It is good that much of the development is based on community input but often that can lead to details being ignored and small, nagging issues are ignored.""There is a lot of complexity in the configuration of this solution.""The price could be lower.""Workday could improve by adding other features, such as messaging to candidates and other recruiting capabilities that other new-age solutions have."

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Pricing and Cost Advice
  • "Check all options before a decision is made."
  • "It's approximately $3,000,000 to $4,000,000 USD per year."
  • "The licensing cost for PeopleSoft is 3,500 per course and the annual subscription fee is 6,500."
  • "I don't know if they are still providing licenses or if they have suspending licenses."
  • "There are no additional costs for licensing."
  • "We are a University and the cost and license are negotiated privately."
  • "The main issue we have with the solution is that it is very expensive."
  • "One of the cheapest solutions available and also one of the best."
  • More PeopleSoft Pricing and Cost Advice →

  • "Their customized solution is pretty expensive but much cheaper than its competitors."
  • "I am not aware of the price because I was working in the implementation team, but pricing is generally based on the requirement, modules, headcount, and country."
  • "This solution is priced in the middle compared to other solutions on the market."
  • More Ramco HCM Pricing and Cost Advice →

  • "With a bigger budget, I would recommend SAP."
  • "Workday is an expensive solution."
  • "You have the license fee per module, and then you have a kind of annual training fee, which is a kind of add-on. I wouldn't say it is exhaustive; it is minor. Licensing is pretty transparent for most of the part."
  • "The pricing is good from an HR perspective, although management gets upset after spending $500,000 a year, every year."
  • "Its price is pretty high. It is more expensive than what is offered by other competitors in the market."
  • "It has an annual subscription rate, but I'm not sure how it will work."
  • "The pricing for this solution is fairly high. It is not affordable for small and mid-sized companies."
  • "By and large, Workday is expensive. It is based on the headcount. I'd probably rate it a three or four out of five in terms of pricing. It'd be like buying a Mercedes or a high-end car. It's expensive, but there's a specific value that you're getting with additional features and things of that nature. Using that metaphor, Workday probably tends to be more of a luxury. There are others like ADP that can do your payroll, your time off, and other things, but they don't do it as well."
  • More Workday Pricing and Cost Advice →

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    Questions from the Community
    Top Answer:Although both are solutions to manage HR, their differences make each one suitable for different companies Oracle… more »
    Top Answer:I use the reporting feature occasionally to check for potential improvements in timesheets. We have integrated it with… more »
    Top Answer:Ramco HCM stands out due to its reliability and up-to-date compliance with legal, statutory, and regulatory… more »
    Top Answer:Ramco is a complex system that does not come with GPS tracking functionality. Customization of Ramco is a big problem… more »
    Top Answer:Differences between Workday, Oracle Cloud,w and SAP SuccessFactors:w Oracle: "simple interface and deep customization… more »
    Top Answer:We use the platform for tasks, including applying for leaves, communication, and adhering to our organization's policies… more »
    Ranking
    3rd
    Views
    6,326
    Comparisons
    5,498
    Reviews
    17
    Average Words per Review
    467
    Rating
    7.9
    12th
    Views
    436
    Comparisons
    252
    Reviews
    6
    Average Words per Review
    519
    Rating
    6.2
    1st
    Views
    12,054
    Comparisons
    7,594
    Reviews
    25
    Average Words per Review
    397
    Rating
    8.3
    Comparisons
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    Compared 17% of the time.
    Oracle HCM Cloud logo
    Compared 10% of the time.
    UKG logo
    Compared 9% of the time.
    Cornerstone Learning logo
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    Learn More
    Overview

    PeopleSoft is an ERP solution that provides businesses with tools for managing their entire workforce including human resources and financial operations, such as payroll, benefits, talent management, and supply chain management. Originally developed by PeopleSoft, Inc., and later acquired by Oracle Corporation, the software helps address talent management needs and maximize employee productivity and efficiency.

    PeopleSoft Features

    PeopleSoft has many valuable key features. Some of the most useful ones include:


    • Simple and intuitive: PeopleSoft HCM delivers a clean, consistent, and user-friendly design, resulting in greater user satisfaction that leads to higher adoption without the high cost of training employees.


    • Anywhere, anytime mobility: With mobile devices being such an integral part of today’s modern work life, PeopleSoft offers today’s mobile and wireless managers and employees an effective and secure method for accessing the information they need, with the ability to effectively execute HR transactions from anywhere, at any time.


    • Flexible and configurable: PeopleSoft enables you to leverage a single application optimized for all form factors that works on any mobile device – no need for separate applications for mobile and desktop.


    • Robust: Because the solution is robust, you can use it to increase retention and improve employee engagement.


    • Powerful and actionable, embedded analytics: PeopleSoft’s actionable, embedded analytics help you spend less time gathering data and more time analyzing and executing employee data.



    PeopleSoft Benefits

    There are many benefits to implementing PeopleSoft. Some of the biggest advantages the solution offers include:


    • Greater employee satisfaction: Users will find PeopleSoft’s software easy to use, leading to better productivity levels and also increased employee satisfaction.


    • Manage dynamic workforce: The solution provides secure access to employee information so users can manage essential HR functions effectively.


    • Increased administrator productivity: PeopleSoft empowers employees and managers by enabling them to execute common HR tasks so administrators can focus on other top priorities.


    • Quickly make informed decisions: By using PeopleSoft’s embedded, real-time, multidimensional analysis capabilities, users can make more informed business decisions.


    Reviews from Real Users

    PeopleSoft is a solution that stands out when compared to many of its competitors. Some of its major advantages are that it has a lot of functionality and is customizable.

    A Regional Director at a tech services company mentions, “The most valuable feature is that it's wide and broad and it does about everything anybody needs in a major organization from a back-office systems point of view.”

    "PeopleSoft is a good core system. It has a lot of functionality. "They frequently update the solution and recently they have added some good enhancement features for higher education. We just switched to the new fluid interface and that is working very well for us. It is very good," says another reviewer who is an HR/Pay Systems Administrator/Director at a university.


    A Senior Manager for DevOps Infrastructure at a financial services firm, explains why he finds the solution so beneficial: "It is a customizable product. We can customize it based on our needs, which is one of the features that I like about PeopleSoft. As far as financial accounting is concerned, the user interface is very good. You can also configure a Chart of Accounts for all performance insights."

    Ramco HR & Global Payroll is a complete and refreshingly simple cloud HR software covering HR needs from hire to retire. It offers Core HR, Time and Attendance, Global Payroll (across 45+ countries), Talent Management, Recruitment, Planning & Analytics. Ramco HCM empowers through innovative tech like bots, Zero UI, mobility, in-memory payroll, enabling Digital HR.

    Ramco HCM’s unique offerings encompasses but not limited to

    • Unified HR platform with Global Payroll

      • Use of Chat-bots

      • Rapid Deployment capabilities

      • EmpSense - an app to capture employee mood in real-time

      • Talent Tagging - helps managers tag skill-sets to employees for identifying right employee for a project

      • SMS based Employee Self Service ESS - allows users to apply leave, raise queries,via a text message

      Ramco HR & Global Payroll is scalable and can be deployed on cloud or on-premise. It integrates with most of the existing ERP, Financial business applications. It caters to medium and large enterprises- 500+ to 100000+ employees. For more details, please visit http://bit.ly/2cIqeCq.

      Ramco is a fast growing cloud enterprise software player across HR and Global Payroll, ERP, Asset Management, Logistics and Aviation MRO. Trusted over 500+ multinationals, Ramco has been recognized by Nelson Hall, Everest Group, CIO Honour, Human Resources Group & CIO Choice


    Trusted over 400+ multinationals across 35+ countries, Ramco HCM has been globally recognized by Nelson Hall, Everest Group, CIO Honour, Human Resources Group & CIO Choice.

    Click here for more information or write to us at contact@ramco.com.

    Workday is a cloud-based software solution that specializes in developing applications for capital and finance management applications. The system is built to work in global workforces and is adaptable. The global system ensures that users are up to date and can manage internal career-related information, and everyday business problems like timesheets, payrolls, and time off.

    “A Pioneer in Software-as-a-Service”

    Workday Human Capital Management tool is designed to simplify and streamline your work. It leverages machine learning to adapt capital management to a changing environment.

    The Workday model is based on delivering a single system that uses a single source of data and a single security model to deliver a unique user experience. The system is user-friendly and ensures that employees and management can use it from any and all devices. Workday HCM integrates into a central system that includes financial management, payroll, recruiting, learning, and planning. Managers and employees can provide feedback to one another, too.

    Workday’s features include:

    • Flexible framework that lets you organize your staff according to different criteria. You can group employees by function, hierarchy, or department.
    • Personalized career guidance: Knowledge management and career guidance that can be easily customized for each staff member and also done at scale.
    • Augmented reporting and analytics: Configure, change, update, and publish reports, scorecards, and dashboards. The system centralizes the transactional and analytical data so you can act on the data from anywhere.
    • Compensation tools: Compensatio, payroll, and time tracking are automated and simplified.
    • Workforce planning allows you to uncover and address talent gaps and get visibility of your staff.
    • Mobile-first ensign approach: Users can access all resources from any device, and they are always in sync.
    • Machine learning capabilities enable personalized enterprise experiences and faster business processes.

    Workday smart platform consists of the following modules:

    • Human resource management
    • Business process management
    • Reporting and analytics
    • Benefits administration
    • Compensation management
    • Talent management
    • Survey framework
    • Employee and management self-service

    Reviews from Real Users

    Many organizations choose Workday because it provides an all-in-one modular solution for human capital and finance management. Our users say they like the ease of use for time-off requests, career and development segments, and overall HR management. The records and reporting capabilities are another popular feature.

    "The solution was very good at reconfiguration and customization of their software. It helped us to meet federal regulations," said one user. Another said that the best feature is the optimization of the work day experience with a unified platform that can be applied across different business units. “You will never find a use case that cannot be covered," said a third.

    Sample Customers
    BMI Healthcare, Lone Star College System, Jefferson County Public Schools, Griffith University, Los Rios Community College District, Tervita Corporation, INFRA S.A. de C.V., ICF Habitat, Central Washington University, Tech Mahindra Limited, Cognizant Technology Solutions, Stanford Childrens Health
    Lifestyle, Bata, Dabur
    AAA, Allied Global, Avago Technologies Limited, Aviva, Cardinal Health, CareFusion, Chiquita Brands International, Equifax, Flextronics, HP, Life Time Fitness, McKee Foods, MGM Resorts International, Sanofi, ServiceSource International, Symantec, TripAdvisor, Yahoo!
    Top Industries
    REVIEWERS
    University12%
    Financial Services Firm10%
    Manufacturing Company10%
    Computer Software Company10%
    VISITORS READING REVIEWS
    Computer Software Company11%
    Financial Services Firm10%
    Government9%
    University8%
    REVIEWERS
    Manufacturing Company29%
    Recruiting/Hr Firm29%
    Energy/Utilities Company14%
    Consumer Goods Company14%
    VISITORS READING REVIEWS
    Computer Software Company16%
    Government10%
    Financial Services Firm8%
    Comms Service Provider8%
    REVIEWERS
    Financial Services Firm27%
    Computer Software Company12%
    Manufacturing Company9%
    Hospitality Company6%
    VISITORS READING REVIEWS
    Educational Organization26%
    Computer Software Company9%
    Financial Services Firm7%
    Manufacturing Company6%
    Company Size
    REVIEWERS
    Small Business26%
    Midsize Enterprise18%
    Large Enterprise55%
    VISITORS READING REVIEWS
    Small Business17%
    Midsize Enterprise13%
    Large Enterprise71%
    REVIEWERS
    Small Business17%
    Midsize Enterprise33%
    Large Enterprise50%
    VISITORS READING REVIEWS
    Small Business25%
    Midsize Enterprise18%
    Large Enterprise56%
    REVIEWERS
    Small Business25%
    Midsize Enterprise9%
    Large Enterprise67%
    VISITORS READING REVIEWS
    Small Business14%
    Midsize Enterprise32%
    Large Enterprise53%
    Buyer's Guide
    Benefits Administration
    March 2024
    Find out what your peers are saying about Workday, Oracle, SAP and others in Benefits Administration. Updated: March 2024.
    768,857 professionals have used our research since 2012.