Paymo vs Workday
A head-to-head comparison to help you pick the right tool
Last updated: April 30, 2026
Paymo
Paymo is a project management and time tracking tool built for freelancers and small agencies. It combines task management, time tracking, invoicing, and resource scheduling in one platform.
Workday
Workday is an enterprise-grade HCM platform used by large organizations worldwide. It covers HR, payroll, finance, and planning in a deeply integrated suite. Workday is the gold standard for enterprise HR but requires significant implementation resources and budget.
Pros
- ✓Built-in time tracking and invoicing
- ✓Good resource scheduling
- ✓Ideal for client-facing work
- ✓Affordable pricing
- ✓Clean interface
Cons
- ✗Not suited for large enterprise teams
- ✗Limited automation
- ✗Smaller integration ecosystem
- ✗Reporting less robust than competitors
Pros
- ✓Extremely powerful and configurable for complex enterprise needs
- ✓Best-in-class financial and workforce planning tools
- ✓Strong compliance and audit capabilities
- ✓Extensive global payroll coverage
Cons
- ✗Very expensive with long implementation timelines of 6-12 months
- ✗Overkill and unaffordable for companies under 500 employees
- ✗UI can feel dated and complex for everyday users
Paymo vs Workday: Side by Side
| Factor | Paymo | Workday |
|---|---|---|
| User Rating | N/A | N/A |
| Category | Project Management | HR Software |
| Pricing Model | Freemium | Paid |
| Starting Price | Contact for pricing | $34/user/mo |
| Best For | Freelancers and small agencies needing project management combined with time tracking and client invoicing | Large enterprises with 500+ employees |
| Our Pick | — | — |
Paymo Features
- ✓Project management
- ✓time tracking
- ✓invoicing
- ✓expense tracking
- ✓team collaboration
- ✓client portal
Workday Features
- ✓HR
- ✓payroll
- ✓finance
- ✓planning
- ✓analytics
- ✓learning management
Pricing Comparison
Our Take
Choose Paymo if freelancers and small agencies needing project management combined with time tracking and client invoicing. Choose Workday if large enterprises with 500+ employees.
Best For
Freelancers and small agencies needing project management combined with time tracking and client invoicing
Best For
Large enterprises with 500+ employees
Also Consider
If neither Paymo nor Workday is the right fit, Wrike is worth evaluating.
Wrike
Marketing and creative teams needing enterprise project management with approvals and proofing
From Free
Frequently Asked Questions
What is the difference between Paymo and Workday?
Paymo is best for freelancers and small agencies needing project management combined with time tracking and client invoicing. Workday is best for large enterprises with 500+ employees.
Which is better, Paymo or Workday?
Choose Paymo if freelancers and small agencies needing project management combined with time tracking and client invoicing. Choose Workday if large enterprises with 500+ employees.
How much does Paymo cost?
Visit Paymo website for current pricing.
How much does Workday cost?
Workday starts at $34/user/mo. Pricing model: Paid.
Who should use Paymo?
Freelancers and small agencies needing project management combined with time tracking and client invoicing
Who should use Workday?
Large enterprises with 500+ employees