New Horizon ERP
New Horizon ERP is a comprehensive business management software designed to streamline manufacturing processes, supply chain operations, and financial accounting for small to mid-sized industrial enterprises.
Workday
Workday is a unified cloud platform that manages your global workforce, financial operations, and planning processes through a single AI-driven system to streamline enterprise resource management and organizational growth.
Quick Comparison
| Feature | New Horizon ERP | Workday |
|---|---|---|
| Website | sourcepro.co.in | workday.com |
| Pricing Model | Custom | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 1996 | 2005 |
| Headquarters | Ahmedabad, India | Pleasanton, USA |
Overview
New Horizon ERP
New Horizon ERP helps you integrate every corner of your manufacturing business into a single, cohesive system. You can manage complex production cycles, track raw materials in real-time, and oversee your entire supply chain without jumping between different applications. It simplifies the way you handle work orders, bill of materials, and quality control, ensuring your shop floor stays productive and your data remains accurate.
The platform is specifically built for discrete and process manufacturers who need to balance inventory levels with customer demand. You can automate your financial accounting, GST compliance, and human resource functions alongside your core production metrics. By centralizing your data, you gain the visibility needed to reduce operational waste and improve your overall profit margins.
Workday
Workday provides a unified cloud environment where you can manage your people, finances, and operational data in one place. Instead of toggling between disconnected systems, you get a single source of truth for everything from payroll and benefits to procurement and financial reporting. You can automate manual accounting tasks, track employee performance, and manage global compliance requirements through an intuitive interface designed for modern teams.
The platform is built specifically for mid-market and enterprise organizations that need to scale complex operations. You can use its built-in AI to surface talent insights, predict financial trends, and simplify repetitive administrative workflows. Because it operates on a single version of software, you always have access to the latest features and security updates without the headache of manual upgrades.
Overview
New Horizon ERP Features
- Production Planning Create detailed schedules and manage work orders to ensure your machines and labor are always used efficiently.
- Inventory Management Track stock levels across multiple locations in real-time to prevent shortages and reduce excess carrying costs.
- Bill of Materials Define multi-level product structures and calculate accurate landing costs for every item you manufacture.
- Quality Control Set up inspection points throughout your production line to maintain high standards and reduce product rejections.
- Sales and Distribution Manage your entire sales cycle from initial quotation to final invoicing and shipment tracking in one place.
- Financial Accounting Automate your general ledger, accounts payable, and receivable while staying compliant with local tax regulations like GST.
- Procurement Management Streamline your purchase requisitions and vendor evaluations to get the best prices on raw materials.
- HR and Payroll Handle employee attendance, leave management, and monthly payroll processing directly within your ERP system.
Workday Features
- Human Capital Management. Manage the entire employee lifecycle from recruitment to retirement while tracking skills, performance, and global compensation in one place.
- Financial Management. Streamline your core accounting processes, manage global spend, and gain real-time visibility into your financial health with automated reporting.
- Adaptive Planning. Create flexible budgets and forecasts using real-time data so you can pivot your business strategy quickly when market conditions change.
- Payroll and Cloud Connect. Process payroll accurately across multiple countries and integrate with external providers while maintaining a single record for every employee.
- Talent Optimization. Identify skill gaps within your team and use AI-driven recommendations to match employees with new internal opportunities and growth paths.
- Spend Management. Control your organization's indirect spend and streamline procurement workflows with automated invoice processing and strategic sourcing tools.
Pricing Comparison
New Horizon ERP Pricing
Workday Pricing
Pros & Cons
New Horizon ERP
Pros
- Deep functionality specifically designed for Indian manufacturing standards
- Comprehensive GST integration simplifies tax compliance and filing
- Modular structure allows you to implement only what you need
- Strong local support and implementation assistance for regional businesses
Cons
- Interface feels dated compared to modern cloud-native applications
- Initial setup and configuration requires significant time and effort
- Mobile functionality is limited compared to the desktop version
Workday
Pros
- Unified data source eliminates the need for multiple third-party integrations
- Highly customizable reporting allows you to drill down into specific metrics
- Regular automated updates ensure you always use the most current version
- Excellent mobile app provides full functionality for managers on the go
Cons
- Significant time investment required for initial implementation and setup
- Steep learning curve for administrators managing complex backend configurations
- Search functionality can be difficult to navigate for casual users