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FinancialForce HCM (Discontinued)

Score6 out of 10

11 Reviews and Ratings

What is FinancialForce HCM (Discontinued)?

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.

Categories & Use Cases

Top Performing Features

  • Organization and location management

    Organization and location management allows employees to be managed across multiple geographical locations.

    Category average: 7.7

  • Job profiles and administration

    Job profiles and descriptions can be created and edited.

    Category average: 7.9

  • Workflow for transfers, promotions, pay raises, etc.

    Employee move workflow provides the ability to move employees to different positions and apply pay raises.

    Category average: 7.8

Areas for Improvement

  • Candidate ranking

    Candidate readiness for key business positions can be ranked and assessed.

    Category average: 8

  • Candidate development

    Candidate development is the ability to assign learning and development goals.

    Category average: 7.7

  • Create succession plans/pools

    Managers can create and manage pools of potentially high-performing individuals.

    Category average: 8

FinancialForce HCM - HR for Everyone!

Pros

  • FinancialForce HCM gives you the full life cycle of the Hire to Retire process supported by standard Salesforce functionality.
  • The employee and manager self-service functionality allows for end users to be more efficient in their daily HR tasks.
  • HR admins gain 360 views through robust dashboards and reports.

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.

Return on Investment

  • Gained efficiencies in having workforce on one system of record - Salesforce
  • Ability to see full life cycle of Hire to Retire without having to utilize excel or other systems
  • Requires a resource who is proficient at Salesforce administrative tasks

Alternatives Considered

Jobscience, Workday Human Capital Management and Oracle PeopleSoft HCM

Other Software Used

FinancialForce PSA, Salesforce.com, PandaDoc

"All-in-One" tool for HCM

Pros

  • It's customizable for every department.
  • The "back-end" is easy to use. You do not always need to contact support to tweak items.
  • Once a process flow is created, it is VERY user-friendly.
  • We can integrate other platforms such as Formstack into FF.

Cons

  • When we add a new position and requisition, we were under the impression, that the posting would pull automatically from the position. This is true, but it jumbles all the information into one long paragraph.

Return on Investment

  • It has been a great investment overall!!!

Alternatives Considered

Workday Human Capital Management

Other Software Used

Broadbean

Great Balance between Budget and Function

Pros

  • Simple and straight-forward to use
  • Once the integration issues were worked out, it started working without issues and provided the correct data in a timely manner
  • Self-service capabilities

Cons

  • Dashboards need updating
  • Difficult to customise reports
  • Salesforce is not always as quick to respond with service issues as they could be

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)

Alternatives Considered

Oracle HCM Cloud (including Taleo), ADP GlobalView HCM, Dayforce HCM and Criterion HCM

Other Software Used

Dayforce HCM, ADP GlobalView HCM, Criterion HCM

Use the FinancialForce Luke

Pros

  • Good integrations.
  • Fully featured tools.
  • Fairly straight forward to use.

Cons

  • Slightly clunky interface with Salesforce on the reporting side.
  • Time off requests could be better/more customizable.

Return on Investment

  • It improved self service capabilities - saving significant HR time.

Other Software Used

Greenhouse, Jobvite