FinancialForce HCM Pricing, Features, Reviews & Comparison of Alternatives

FinancialForce HCM

Complete HR Solution for SMB from Hire to Retire

3.14/5 (11 reviews)

FinancialForce HCM overview

Developed on the industry's leading cloud platform, FinancialForce Human Capital Management delivers one complete and integrated human capital management solution for global small and medium business.

FinancialForce Human Capital Management (Formerly Vana Workforce) delivers one complete and integrated human capital management solution for global organizations form hire to retire including the core human resource system of record, benefits & compensation, absence management, performance and talent management, career and succession planning, workforce collaboration, and workforce analytics.

Complete and Integrated Human Capital Management Suite
Global HR, Benefits, Leave & Absence, Performance and Talent, Succession
Workforce Collaboration, Dashboards & Reports, Social Feedback
www.financialforce.com

Pricing

Pricing options
Free trial
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Australia, Canada, Europe, Germany and 3 other markets, Latin America, Middle-East and Africa, United Kingdom

Supported languages

English
FinancialForce HCM screenshot: Core HR - About me pageFinancialForce Human Capital Management in ActionFinancialForce HCM screenshot: Employee and Manager Self ServiceFinancialForce HCM screenshot: Social Org ChartFinancialForce HCM screenshot: Dashboard HomepagesFinancialForce HCM screenshot: Mobile, Social, Global HR Management

FinancialForce HCM reviews

Value for money
Features
Ease of use
Customer support
  2.4
  3.1
  3.3
  4.3
William McGuire

More than I need Human Capital Management Software

Reviewed 2011-12-01
Review Source: Capterra

I would say if you are a small or medium business and you have no idea what an HR department or IT department looks like, then you need Vana Human Capital Management. If you have employees and you want to increase performance, this solution is complete. HR departments will thank you, you will save time and headaches. This made our performance reviews a dream. The social collaboration is new to us and has become the center of our corporate universe. you will be overwhelmed so just be warned the Quick Start Implementation will appeal to you, but I encourage you to just get the next level up so the team at VanaWorkforce.com will do all the work for you. Just get it. Oh yeah, since it is on force.com it makes integration with CRM and other force.com products a single click of the mouse and has single sign-on, super cool. Patrick.The user interface is excellent. If you know Salesforce.com CRM then you will inherently know how to use Vana HCM. WOW! No training required. Great future vision product, it has more than I need to manage my team, recruit and track people, leave, benefits, compensation, performance and more. Even better I LOVE the Social Collaboration tool. It keeps my employees working and collaborating in the solution and not of facebook or twitter. Also love the collaboration on goals, initiatives, performance reviews and projects. Top it off the library was an added bonus, since I can store and share corporate documents and even education materials as part of the solution (free) and have my team collaborate with others on these and track it in the learning management. Overall: over the top! Thank you.

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Asha Aravindakshan

Break down walls with FinancialForce HCM

Reviewed 2015-08-25
Review Source: Software Advice

FinancialForce Human Capital Management (HCM) sits on the Salesforce platform, so it has a familiar look and feel to employees as well as becomes seamless to access in day-to-day work. FinancialForce's investment in the HCM product shows in the product roadmap. In configuring the software, you can decide to keep control or open up different tabs to employees and build approval workflows from the employee to manager to HR or not.

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Anonymous

it's ok, but people keep asking for a replacement

Reviewed 2015-09-11
Review Source: GetApp

Used to manage a moderate employee base. Generally use for things like making sure the proper people approve/deny requests, to accompany project planning, etc. Extremely easy to set up from an administrative perspective and it does the basics to get the job done. After you get beyond the initial setup, the nightmare begins. From a poorly designed user interface to extremely slow load times in basic use, the experience is unpleasant. It is tolerable; however, no one is really satisfied with it and a few have gone as far researching and asking for alternative solutions. It'll get the job done, but it's just not great. Built on/within Salesforce, it suffers from some of the platform's general downfalls, but that's definitely not the only problem. Along with that you also need to keep in mind licensing. There's not only costs for the HCM, but also for the Salesforce platform. If you are already using Salesforce, it's OK. Not an outstanding value-add, though. There's not a lot of other HCM solutions on the AppExchange and I would therefore recommend looking outside that spectrum completely.- Easy to set up - Support is actually responsive

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Sarah Van Voorst

Disappointing

Used daily for 1-2 years
Reviewed 2017-10-12
Review Source: Capterra

I do like the functionality to configure. It also offers the full suite which is nice. We do like the ability to create custom fields.

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Brittney Lensch

Not easy to maneuver for recruiters and management.

Used daily for 6-12 months
Reviewed 2017-10-12
Review Source: Capterra

Ability to have mulitple areas we are interested in including the LMS and ATS. They have self portals to where employees are able to go in and update their information.

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FinancialForce HCM pricing

Pricing options
Free trial
Subscription
View Pricing Plans

Contact for pricing information.

FinancialForce HCM features

API
Activity Dashboard
Applicant Tracking
Automatic Notifications
Customizable Reporting
Data Import/Export
Employee Portal
Performance Management
Recruiting Management
Reporting & Statistics
Time & Attendance Tracking
Time Off Requests

Automatic Reminders (142 other apps)
Customizable Branding (155 other apps)
Employee Database (132 other apps)
Employee Management (209 other apps)
Employee Profile (128 other apps)
Employee Self Service (162 other apps)
Real Time Reporting (128 other apps)
Third Party Integration (147 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options

Data policy

Data backup in multiple locations/GEO regions
This will ask you to sign in with LinkedIn

GetApp Analysis

Human resources personnel wear many different hats, but that doesn’t mean they have to rely on just as many different software systems to manage their workforce. FinancialForce HCM brings human capital management into the cloud, providing businesses with recruiting, onboarding, talent management, benefits, and time and attendance tools within a unified application.

Tied in natively to the Salesforce1 platform, FinancialForce HCM provides human resources departments in any industry with ways to see how their employees are performing, along with insight into why their employees may not be performing at their optimal levels. Key HR metrics can be visualized and monitored with reporting and dashboards that are available on both mobile and desktop devices.


What is FinancialForce HCM?

FinancialForce HCM was developed with both human resources departments and business users in mind. The cloud-based solution automates business processes through self-service, approvals, and notifications. This gives HR a way to remove themselves from tedious paperwork and tactical efforts that can get in the way. As a result, HR departments are able to work strategically and provide better value to the businesses they manage.

FinancialForce HCM allows HR departments to share workflows and approval processes, which eliminates many of the barriers that can build up between departments within an organization’s infrastructure. Because FinancialForce HCM is built on the Salesforce1 platform, the software gives users complete visibility to their workforce data and provides a consistent user experience from beginning to end. Employees are able to use the same interface for HR, CRM and many other back office applications, which improves adoption rates overall. Additionally, organizations find that their employees take advantage of Chatter and all of the HCM self-service capabilities that leverage Chatter, the industry-leading collaboration tool from Salesforce.com.


Who is FinancialForce HCM for?

Human resources departments in any industry are able to use FinancialForce HCM. Although the software was built for the mid-market organization, it is scalable to the enterprise.

FinancialForce HCM is frequently adopted by high-growth companies, including Pandora Internet radio. In the case of Pandora, the organization began using FinancialForce HCM when it had fewer than 500 employees, but has since scaled to more than 1,200 employees after adopting FinancialForce HCM.

Companies who are part of the salesforce.com customer base look to FinancialForce HCM for several reasons, including having a single, consistent user interface, minimal additional training, single sign-on and no investments in hardware.

Companies who are not part of the Salesforce.com customer base look to FinancialForce HCM for several reasons, including cost savings, innovative HR technology, social capabilities, access to Chatter, and scalability.


Main features

Social Referrals and Recruiting of Top Talent

FinancialForce HCM includes a built-in applicant tracking system that is completely unified with the rest of the HCM system. Recruiters are able to actively interact with candidates through tens of thousands of job boards and career sites but can also take advantage of their employees’ social networks. All job postings can be cascaded to LinkedIn, Twitter or Facebook, reaching candidates who may not be actively looking at your company. All referrals are linked to the original referrer so that the employee can receive thank you gifts or referral bonuses. Once a candidate has successfully completed the application and interview process, FinancialForce HCM generates a job offer letter that can be signed electronically and when completed, their candidate records are automatically brought into the HCM system.

Users can review the status of any applicant from within the recruiting module, or click on the title of an available position to see the current status. From one main page, you’ll be able to see how many job applicants have been interviewed and how many job offers have been sent out. You can also see the average rating of each applicant based on feedback entered into the FinancialForce HCM system.

Exchanging Information With Chatter

As mentioned above, FinancialForce HCM takes advantage of the social tool, Chatter, to exchange information. From within a Chatter feed, users can see embedded human resources pieces. For example, if an employee has a time-off request, then that request will appear in the Chatter feed once it has been approved by a manager.

Each employee should have his or her own Chatter profile. On that profile, you’ll see a list of posts. You can share what you’re currently working on through this page, and upload files or documents to distribute with your team. Colleagues can comment on or “like” the posts you add to Chatter as well.

Increase Employee Engagement, Collaboration, Productivity with Social Goals

What professional goals do you hope to accomplish this month or this year? With FinancialForce HCM, employees can set personal goals and team goals. Using the social capabilities of the module, employees can ask others to help achieve those goals, which are tracked against each user’s progress toward accomplishing those goals.

Click on the “My Goals” tab to open up a list of your personal goals. You can create a new goal by clicking “New Goal,” and quickly see how many goals you’ve accomplished so far this year. By working with a manager or supervisor, you should be able to create personal goals that align with the larger objectives of your department or organization.

Tracking Time and Attendance

One of the easiest ways to manage a workforce and reduce labor costs is by monitoring employee time and attendance. FinancialForce HCM offers a time and attendance module that automates the process. Timesheets allow employees to record time against work, while FinancialForce HCM’s Easy Clocking system captures data and feeds timesheets through an API.

Ask employees to start punching in and out of work with FinancialForce HCM, making sure to enter the earning code, project and assignments they were working on (when applicable) each day. FinancialForce HCM can record time against locations and work, which ensures accountability and helps larger organizations avoid compliance-related issues.


Integrations

FinancialForce HCM integrates natively with any application built on the Salesforce1 platform. The recruiting module integrates with Broadbean Technology, which allows FinancialForce HCM customers to post job requisitions on more than 10,000 job boards and websites. The recruiting module also integrates with DocuSign and LinkedIn through an API that enables candidates to apply for positions with their LinkedIn profiles.

Organizations can integrate FinancialForce HCM with major social media platforms. This allows employees to push links to job postings to their social media connections. FinancialForce HCM also integrates with Work.com, which is Salesforce.com’s performance management application.


Pricing

Pricing for FinancialForce HCM runs on a per user, per month basis, with a minimum number of users that must be purchased.


Bottom line

  • Brings human capital management into the cloud.

  • Provides organizations with recruiting, onboarding, talent management, benefits, and time and attendance tools.

  • Runs natively on the Salesforce1 platform.

  • Manages labor costs with time and attendance tracking.

  • Helps HR departments derive insight from delivered analytics so they can take action as required.


Additional information for FinancialForce HCM

Key features of FinancialForce HCM

  • Award-winning, complete HR software
  • Complete and Integrated Human Capital Management Suite
  • Global HR, Benefits, Leave & Absence
  • Workforce Collaboration
  • Reports & Dashboards
  • Built on Salesforce.com Platform
  • Manage your workforce from hire to retire
  • One Integrated Solution
  • Personalized Dashboards
  • Employee & Manager Self Service
  • Workforce Collaboration
  • Global HR System of Record
  • Performance and Talent Management
  • Dashboards & Reports
  • Social Feedback
View All Features

Benefits

It's not just for HR. From recruiting top talent, reducing administrative paper-work, managing performance, compensation planning, time and expense, to managing employee development, FinancialForce HCM is for the entire workforce.

Value for your money. We not only provide a great workforce solution, but also have a great price too. No strings attached.

No long term contracts, pay as you go. You are not bound by any long locked-in contracts. You have the flexibility of paying monthly, quarterly or annually.

It's all hosted. When you choose Vana Workforce, we do the hard work for you. You do not have to buy expensive servers, software, backup solutions, etc. Just focus on your workforce and leave the rest to us.

Ease of Customization. We understand your need to customize our service to your specific needs. Our drag-and-drop customization helps you get things done fast.