FinancialForce HCM (Discontinued) vs. Netchex

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FinancialForce HCM (Discontinued)
Score 6.0 out of 10
N/A
FinancialForce acquired Vana Workforce in November 2013, a solution also built on the Salesforce platform, that unified automatically with FinancialForce's Accounting software and PSA. It was rebranded it FinancialForce Human Capital Management (HCM), but discontinued, and is no longer available.N/A
Netchex
Score 8.8 out of 10
N/A
Netchex is a HR, payroll, and tax administration software platform with solutions dedicated to recruitment, hiring, and onboarding as well as payroll, tax compliance, HR, time/attendance, benefits management, and analytics for these areas.N/A
Pricing
FinancialForce HCM (Discontinued)Netchex
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FinancialForce HCM (Discontinued)Netchex
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
FinancialForce HCM (Discontinued)Netchex
Features
FinancialForce HCM (Discontinued)Netchex
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
FinancialForce HCM (Discontinued)
8.7
Ratings
10% above category average
Netchex
-
Ratings
Employee demographic data8.50 Ratings00 Ratings
Employment history8.00 Ratings00 Ratings
Job profiles and administration9.10 Ratings00 Ratings
Workflow for transfers, promotions, pay raises, etc.9.10 Ratings00 Ratings
Organizational charting8.10 Ratings00 Ratings
Organization and location management9.50 Ratings00 Ratings
Compliance data (COBRA, OSHA, etc.)8.60 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
FinancialForce HCM (Discontinued)
8.1
Ratings
2% above category average
Netchex
9.4
Ratings
13% above category average
Pay calculation8.60 Ratings9.60 Ratings
Support for external payroll vendors8.00 Ratings8.60 Ratings
Benefit plan administration8.00 Ratings9.80 Ratings
Direct deposit files8.00 Ratings10.00 Ratings
Salary revision and increment management8.00 Ratings9.90 Ratings
Reimbursement management8.00 Ratings8.10 Ratings
Off-cycle/On-Demand payment00 Ratings9.70 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
FinancialForce HCM (Discontinued)
8.6
Ratings
7% above category average
Netchex
-
Ratings
Approval workflow8.70 Ratings00 Ratings
Balance details8.60 Ratings00 Ratings
Annual carry-forward and encashment8.60 Ratings00 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
FinancialForce HCM (Discontinued)
8.8
Ratings
9% above category average
Netchex
-
Ratings
View and generate pay and benefit information8.40 Ratings00 Ratings
Update personal information9.00 Ratings00 Ratings
View company policy documentation8.60 Ratings00 Ratings
Employee recognition8.90 Ratings00 Ratings
View job history9.00 Ratings00 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
FinancialForce HCM (Discontinued)
8.0
Ratings
1% below category average
Netchex
-
Ratings
Tracking of all physical assets8.00 Ratings00 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
FinancialForce HCM (Discontinued)
8.7
Ratings
15% above category average
Netchex
-
Ratings
Report builder8.50 Ratings00 Ratings
Pre-built reports8.70 Ratings00 Ratings
Ability to combine HR data with external data8.80 Ratings00 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
FinancialForce HCM (Discontinued)
7.6
Ratings
4% below category average
Netchex
-
Ratings
New hire portal7.60 Ratings00 Ratings
Manager tracking tools7.60 Ratings00 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
FinancialForce HCM (Discontinued)
7.7
Ratings
3% below category average
Netchex
-
Ratings
Corporate goal setting7.20 Ratings00 Ratings
Individual goal setting8.00 Ratings00 Ratings
Line-of sight-visibility7.40 Ratings00 Ratings
Performance tracking8.40 Ratings00 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
FinancialForce HCM (Discontinued)
8.0
Ratings
2% above category average
Netchex
-
Ratings
Performance plans8.30 Ratings00 Ratings
Performance improvement plans6.80 Ratings00 Ratings
Review status tracking7.60 Ratings00 Ratings
Review reminders8.40 Ratings00 Ratings
Multiple review frequency8.70 Ratings00 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
FinancialForce HCM (Discontinued)
6.1
Ratings
25% below category average
Netchex
-
Ratings
Create succession plans/pools5.50 Ratings00 Ratings
Candidate ranking6.20 Ratings00 Ratings
Candidate search6.60 Ratings00 Ratings
Candidate development6.20 Ratings00 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
FinancialForce HCM (Discontinued)
8.4
Ratings
8% above category average
Netchex
-
Ratings
Job Requisition Management8.70 Ratings00 Ratings
Company Website Posting8.00 Ratings00 Ratings
Publish to Social Media8.50 Ratings00 Ratings
Job Search Site Posting8.50 Ratings00 Ratings
Duplicate Candidate Prevention7.30 Ratings00 Ratings
Applicant Tracking8.40 Ratings00 Ratings
Notifications and Alerts9.10 Ratings00 Ratings
User Ratings
FinancialForce HCM (Discontinued)Netchex
Likelihood to Recommend
8.4
(0 ratings)
9.0
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.9
(0 ratings)
Usability
-
(0 ratings)
9.9
(0 ratings)
Support Rating
-
(0 ratings)
9.9
(0 ratings)
Implementation Rating
-
(0 ratings)
8.2
(0 ratings)
User Testimonials
FinancialForce HCM (Discontinued)Netchex
Likelihood to Recommend
This is a great "all-in-one" platform that combines recruiting, onboarding and performance reviews into one system. The ease of use for managers and employees is fantastic and if you are looking for a program that gives you almost unlimited amount of buildable reports... this is it! For organization with few employees, this may not be the system for you
Read full review
I LOVE THE EASE OF THE TIMECLOCK AND PULLING INTO PAYROLL. PREVIOUSLY I HAD TIME CLOCK ON MY DMS AND PAYROLL THROUGH PAYCHEX. IT DIDNT INTEGRATE SO I HAD TO KEY IN EVERY SINGLE TIMESHEET....THIS IS SO MUCH EASIER. ONLY THING I DONT LIKE IS ONCE YOU START PAYROLL IF SOMEONE TIME HAS TO BE FIXED YOU HAVE TO DELETE AND START OVER. THE ONLY PROBLEM I HAVE HAD WHICH IS NOT A BIG PROBLEM.
Read full review
Pros
  • Good integrations.
  • Fully featured tools.
  • Fairly straight forward to use.
Read full review
  • My Netchex Service Team is very responsive and friendly. They are willing and able to spend the amount of time needed on one call to troubleshoot most problems or answer questions.
  • Their recent updates to the employee dashboard have been well-received by our seasonal team. Employees are able to quickly find what they are looking for which has minimized the amount of requests that my team receives regarding questions on pay or updating personal information.
  • Online W-2 forms have been a game-changer for us since moving to Netchex. Our staff tend to move around a lot and most do not get the mailed copy of their W-2. The electronic consent has saved me hours and hours of time.
Read full review
Cons
  • Performance review process could be streamlined or better defined.
  • Standardized process for administrating benefit options year over year, the ability to quickly update pricing and tier changes.
  • Out of box standardized holiday calendar templates.
Read full review
  • Support needs to be available more times than just normal business hours.
  • Tax support is basically non-existent. This seems that it should be TOP NOTCH.
  • Some of the functionality of the Netchex program could be tweaked. It is not a keyboard friendly program at all. Must mouse your way through. When the program times out, it takes 2 to 3 screens before it really logs you out.
  • When submitting from Netchex to Dealertrack, it would be nice to show the payroll # or payroll date that has been submitted. Currently once you hit submit, the screen reverts back to the last successful payroll submit. This process is just a bit confusing, especially for new users.
Read full review
Likelihood to Renew
No answers on this topic
Easy to work with.
Read full review
Usability
No answers on this topic
Very user friendly and great interface.
Read full review
Support Rating
No answers on this topic
The first line CE team is phenomenal. They are helpful, friendly, and knowledgeable. We have had less luck with the responsiveness of the tax department. However, their response time has improved drastically over the past year.
Read full review
Implementation Rating
No answers on this topic
Implementation took some time but was pretty much error free.
Read full review
Alternatives Considered
From a pricing perspective, FinancialForce HCM is very competitive in both licensing and implementation costs. Ultimately having an application that was native to Salesforce drove our final decision. While we were hoping to find an application that included the ability to process payroll internally we settled on the process of linking to a 3rd party vendor. The other options were either too pricey or lacked some of the key functionality we required.
Read full review
Netchex is much more user-friendly and much more of a robust payroll system. Netchex also takes care of everything regarding employees and their entire time with the company, but GP is much more limited.
Read full review
Return on Investment
  • Simplified many HR processes
  • Better tracking of various business processes
  • Improved productivity because it reduced the workload that it took to complete tasks for many employees (especially in HR and recruiting)
Read full review
  • Associates can easily access their data and make changes to things like their address and direct deposit, saving manager time to focus on more critical tasks within the organization
  • NetRecruitier has one site that can be posted to multiple job boards with one applicant tracking system
  • Electronic Onboarding allows us to get information out to the new employee so we can start with expectations on their first day and they know what to expect.
Read full review
ScreenShots