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.
FinancialForce HCM's recruitment module.
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.
Exchanging employee information through Chatter.
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.
Setting performance and personal goals with FinancialForce HCM.
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.
Most popular features of all HR & Employee Management apps
8 reviewers had the following to say about FinancialForce HCM's features:
Excellent analysis tools and integration with Excel supports our multiple reporting and wider organisational needs.
Pros
Web based allows field and UK staff to work in real time on the same data.
Cons
We are an NGO, and our requirements are only for General Ledger, so I cannot comment on the pros and cons of the full system. We also use SalesForce; which is a pre-requisite to gain some of the benefits above.
Rating breakdown
Pros
They have self portals to where employees are able to go in and update their information.
Cons
Recruiters have a difficult time trying to figure out where candidates are and in what disposition we have them in.
Rating breakdown
Time used: 6-12 months
Frequency of use: Daily
Pros
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.
Cons
The software is built around a hierarchical work structure, so it can be hard to track matrix work relationships.
Rating breakdown
Time used: 1-2 years
Likelihood to recommend
Recommendations to others considering FinancialForce HCM
As you evaluate HCM software, you need to understand who's live are you trying to make easier: HR, the employee or both? Do you have staff in one country or multiple? Are you working in a hierarchical or matrix work environment? Are you outsourcing any HR functions, like payroll or benefits, that you would prefer to bring in-house?
If you have employees and you want to increase performance, this solution is complete.
Pros
Great future vision product, it has more than I need to manage my team, recruit and track people, leave, benefits, compensation, performance and more.
Cons
Knowing where to start was a bit daunting, thank goodness they did the first series of configurations to launch the product and provided me with an easy to use Getting Started Guide so my team could calm down and get started 1...2...3 Learning to use the system most effectively was a challenge, but I think we finally got it.
Rating breakdown
If you are a Salesforce user this is an excellent integrated solution. Sales and finance share the same information. With Financial Force we look at the business financially the same way we look at it operationally.
Pros
Web based, integrated with Salesforce, easy to set up, easy to configure, easy to maintain, always up to date, great support
Cons
Reporting is based on standard Salesforce reporting so whilst extremely powerful is non standard for finance- though a product to resolve this is currently in development.
Rating breakdown
Generally use for things like making sure the proper people approve/deny requests, to accompany project planning, etc.
Pros
- Easy to set up - Support is actually responsive
Cons
- Lack of versatility - Extremely slow - Daily use is cumbersome - Extremely poor user interface - Overall poor quality - Cost increases due to deployment platform (Salesforce & the HCM)
Rating breakdown
Time used: Free Trial
Vana Workforce is simply the best solution available for small and mid size business. It has everything we needed in one integrated solution. The ability to completely configure and customize was a huge bonus.
Pros
The best thing about this software is that it is easy to use and the price is a bargain for all of the functionality that it gives.
Rating breakdown
Time used: 2+ years
Frequency of use: Weekly
Likelihood to recommend
