FinancialForce HCM Review - why 3.1 stars?

Shlomi LaviShlomi Lavi / updated: Jul 15, 2020

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What is FinancialForce HCM?

Main category: Human Resources

FinancialForce HCM (Human Capital Management) is a fully integrated software solution that helps businesses manage their current and incoming employees, from recruitment until their retirement. The software includes features and modules that supports several business aspects, including learning management, core HR functionality, compensation management, applicant tracking, applicant recruiting, and onboarding.

FinancialForce HCM was developed by Force.com, which was founded in 2009 and is headquartered in San Francisco.

FinancialForce HCM rating -

The rating of FinancialForce HCM is 3.1 stars out of 5 and the total score is 92 out of 100. The rating and score are based on ITQlick expert review. We publish unbiased reviews, learn more in our score and rating methodology page

Typical Customers

FinancialForce HCM is best for SMBs engages in several industries, including pharmaceuticals, accounting, legal, advertising, insurance, automotive, hospitality, banking, healthcare, broadcasting, engineering, business process outsourcing, e-commerce, and engineering.

FinancialForce HCM has customers in several countries, including US, Canada, Australia, and China. Some FinancialForce HCM clients include White Springs, Ahead, US News, and the University of Houston.

Features

FinancialForce HCM benefits your business by facilitating HR and employee management and development processes. The solution uses multiple system leads for correcting errors and gaps and prevent mistakes in managing critical information and adoption rates. FinancialForce HCM features include core HR functionality, workforce management, and talent management, all integrated under one user-friendly platform that is delivered through the cloud.

FinancialForce HCM is designed to focus on the space and needs of the HR department. It helps small and mid-sized businesses that cannot afford to spend time and other resources to manage HR operations. Supported customization allows users to easily and quickly configure the solution to meet their needs. The software can be configured to create pages and workflow charts for adding new processes, fields and other important data. There are also administrative features that allow managers to track all company benefit plans and packages in one online database, which allows management to calculate rates and coverage, integrate benefit deduction information with payroll, and incorporate benefits.

FinancialForce HCM 5 Pros

  • Supported integration with mobile applications
  • FinancialForce HCM offers a free trial version
  • A free product demo is available
  • The vendor site includes social networking links
  • FinancialForce HCM can be deployed as SaaS

FinancialForce HCM 2 Cons

  • Pricing is relatively high
  • Limited OS support

Competitors & Alternatives

The main competitors for Financialforce HCM include SutiHR and HCM One.

SutiHR supports core human resources requirements such as personnel management along with recruitment, payroll & benefits administration, performance management, time & leave management as well as projects management. There are also employee self service portals and analytic tools with dashboard support for HR performance & operational monitoring. Additionally SutiHR provides options for employee training with a help desk & employee surveys. The product can also integrate with third party applications as per requirements.

Financialforce HCM on the other hand provides a cloud based solution that focuses on core HR, recruitment, time & attendance as well as benefits. It includes integration with payroll as well as mobile device access for employees. There is also a talent management suite with options for performance monitoring & compensation planning as well as succession planning for career development.

HCM One is another HR solution that includes similar features. However unlike Financialforce HCM it offers both an open source model which can be completely modified by its users, as well as a free cloud based version which does not include training & support but allows unlimited product upgrades. There is also a priced enterprise HR solution with training & support if required by customers.

In comparison Financialforce HCM is built on the Salesforce platform and has access to its AppExchange for additional product functionality. Additionally it can utilize the Salesforce development platform to make customized apps as per business requirements.. The full list of competitors can be found here.

FinancialForce HCM Pricing Information

What is the REAL total cost of implementation? on top of the total cost of licenses which is easy to calculate you need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 2.2 out of 10 (10 is most expensive). Find here the REAL total cost breakdown for FinancialForce HCM

Questions to ask the vendor during a demo

Schedule a demo with FinancialForce HCM and access 25 must ask questions for the vendor while watching FinancialForce HCM in action.

FinancialForce HCM Categories

Human Resources
Applicant Tracking
Attendance Tracking
Benefits Administration
Compensation Management
Employee Recognition
Employee Onboarding
Travel Management
Employee Performance Management
HR Department
Inventory Control
Stock Control

FinancialForce HCM specifications

ITQlick Score: 92/100
ITQlick Rating: (3.1/5)
Company: Financial Force
Address: San Francisco, CA 94105
Pricing:
Medium business, Large business
Website:Visit FinancialForce HCM website
Typical customers: Medium business, Large business
Platforms: Desktop, Mobile, Cloud
Operating Systems: Mac OS, Windows, Linux

FinancialForce HCM Features

HR Management
Payroll
Performance Record
Recruiting
Timesheet

FinancialForce HCM Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
FinancialForce
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
92/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.2/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality score
23
Software review
Kronos
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
98/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2/10
License pricing license pricing (if provided by the software vendor)
$6 per user/month
Functionality score
32
Software review
Namely
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
97/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.8/10
License pricing license pricing (if provided by the software vendor)
$15 per employee/month
Functionality score
22
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BambooHR
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
97/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.2/10
License pricing license pricing (if provided by the software vendor)
$6 per user/month
Functionality score
27
Software review
Workday
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
97/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6/10
License pricing license pricing (if provided by the software vendor)
$100 per user/year
Functionality score
3
Software review
Author
Shlomi Lavi - admin

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.