FinancialForce HCM Review - why 3.1 stars?

FinancialForce HCM Review
ITQlick Score: 92/100
ITQlick Rating:
Pricing: 2.2/10 - low cost
Category: Human Resources -> FinancialForce HCM review
Ranking:Ranked 21 out of 584 Human Resources systems
Company: Financial Force
Pricing: starts at $9,000 per year
Typical customers: Medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: FinancialForce HCM pricing, FinancialForce HCM alternatives
Shlomi LaviShlomi Lavi / updated: Mar 12, 2022

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What is FinancialForce HCM?

FinancialForce HCM is cloud-based human capital management supporting the complete human resources spectrum. FinancialForce HCM offers all the necessary features for human capital management.

The features include talent acquisition, payroll management, personnel management, workforce and benefits management, employee self-service, product technology, training management, and people engagement. Apart from these features, FinancialForce HCM integrates various other tools, namely, Zoho Reports, Salesforce, DocuSign, Work.com, ServiceMax, FinancialForce PSA, Xactly Express, Avalara, and Salesforce Service and App Cloud.

The target users of FinancialForce HCM are small, medium, and large-sized organizations. FinancialForce HCM supports various operating systems including, Mac, Windows, and Linux. FinancialForce HCM was developed by Financial Force, founded in 2009.

The main headquarters of Financial Force is located in San Francisco, California, United States. Currently, Financial Force has 5000+ employees, making it a medium-sized organization. It is important to note that FinancialForce HCM is developed using the Salesforce platform. Therefore, if you are familiar with Salesforce, there is a higher chance of a better understanding of FinancialForce HCM.

Who is it best for?

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.

Main features and functionalities

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.

What is the actual cost?

The cost of license starts at $9,000 per year. ITQlick pricing score is 2.2 out of 10 (10 is most expensive). Access ITQlick pricing guide for FinancialForce HCM. You can also find here pricing information from FinancialForce HCM's website.

Pros

  • FinancialForce HCM offers a free trial
  • You can integrate it with other software such as Salesforce, Zoho Reports, etc
  • The pricing is based on quota-based. Therefore every business pays what they opt-in for
  • It can integrate it with your current CRM software
  • FinancialForce HCM can be deployed as SaaS

Cons

  • The team collaboration for system understanding to new users can be improved
  • The user interface can be improved for making it interactive
  • FinancialForce HCM does not have a forum for user communication and interaction
  • FinancialForce HCM is limited by the internet connection for browser based features
  • FinancialForce HCM visuals limited by browser settings

How it stacks up?

Access a head to head analysis of FinancialForce HCM vs alternative software solutions.
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Frequently Asked Questions (FAQs)

Is it the best Human Resources system?

FinancialForce HCM is ranked 21 out of 584 software in their category (Human Resources systems).

How they are rated on ITQlick?

The rating of FinancialForce HCM is 3.1 stars out of 5 and the total score is 92 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, FinancialForce HCM makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access FinancialForce HCM on your mobile/smart phone.

What should we ask during a demo session?

Differences between FinancialForce HCM and alternatives?

The most popular alternatives to FinancialForce HCM in 2023: Gusto, Workforce Ready, Workday HCM, APS, BambooHR. Access the complete competitors analysis here - FinancialForce HCM VS Human Resources Software alternatives.

Is FinancialForce HCM right for you or your business?

Given the overall features and comparison with various alternatives, there is no reason that your organization must not opt for FinancialForce HCM. From performance management to talent acquisition, from integrations with other software to training management, FinancialForce HCM offers all the necessary features for human capital management. Moreover, with reports and analytics, you can now analyze what is working best for your organization.

Having said this, the various alternatives also offer similar features and integrations. Hence, your organization has a wide range of options to choose from. Overall, FinancialForce HCM has all the necessary features to help your organization with human capital management. They also offer other tools as well. Therefore, you might not look into software solutions offered by other companies.

List of 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

List of features

HR Management
Payroll
Performance Record
Recruiting
Timesheet

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.