FinancialForce HCM (Discontinued) vs. Welcome

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
FinancialForce HCM (Discontinued)
Score 6.0 out of 10
N/A
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.N/A
Welcome
Score 8.5 out of 10
N/A
Welcome is an intelligent compensation hub used to communicate offers to candidates and total rewards to employees — while making data-driven compensation decisions. It aims to help users increase acceptance rates by clearly communicating each offer and its total compensation with Digital Offers, and boost employee retention by helping employees understand the value of their equity, benefits, salary, and bonuses with Total Rewards. With Compensation Data, users' HR and People…N/A
Pricing
FinancialForce HCM (Discontinued)Welcome
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FinancialForce HCM (Discontinued)Welcome
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
FinancialForce HCM (Discontinued)Welcome
Features
FinancialForce HCM (Discontinued)Welcome
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
FinancialForce HCM (Discontinued)
8.7
4 Ratings
7% above category average
Welcome
-
Ratings
Employee demographic data8.53 Ratings00 Ratings
Employment history8.04 Ratings00 Ratings
Job profiles and administration9.14 Ratings00 Ratings
Workflow for transfers, promotions, pay raises, etc.9.14 Ratings00 Ratings
Organizational charting8.14 Ratings00 Ratings
Organization and location management9.53 Ratings00 Ratings
Compliance data (COBRA, OSHA, etc.)8.63 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
FinancialForce HCM (Discontinued)
8.1
3 Ratings
0% below category average
Welcome
-
Ratings
Pay calculation8.63 Ratings00 Ratings
Support for external payroll vendors8.01 Ratings00 Ratings
Benefit plan administration8.02 Ratings00 Ratings
Direct deposit files8.02 Ratings00 Ratings
Salary revision and increment management8.03 Ratings00 Ratings
Reimbursement management8.01 Ratings00 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
FinancialForce HCM (Discontinued)
8.6
4 Ratings
5% above category average
Welcome
-
Ratings
Approval workflow8.74 Ratings00 Ratings
Balance details8.64 Ratings00 Ratings
Annual carry-forward and encashment8.63 Ratings00 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
FinancialForce HCM (Discontinued)
8.8
4 Ratings
7% above category average
Welcome
-
Ratings
View and generate pay and benefit information8.43 Ratings00 Ratings
Update personal information9.04 Ratings00 Ratings
View company policy documentation8.64 Ratings00 Ratings
Employee recognition8.93 Ratings00 Ratings
View job history9.04 Ratings00 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
FinancialForce HCM (Discontinued)
8.0
2 Ratings
1% below category average
Welcome
-
Ratings
Tracking of all physical assets8.02 Ratings00 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
FinancialForce HCM (Discontinued)
8.7
4 Ratings
14% above category average
Welcome
-
Ratings
Report builder8.54 Ratings00 Ratings
Pre-built reports8.74 Ratings00 Ratings
Ability to combine HR data with external data8.84 Ratings00 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
FinancialForce HCM (Discontinued)
7.6
4 Ratings
5% below category average
Welcome
-
Ratings
New hire portal7.64 Ratings00 Ratings
Manager tracking tools7.64 Ratings00 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
FinancialForce HCM (Discontinued)
7.7
4 Ratings
4% below category average
Welcome
-
Ratings
Corporate goal setting7.24 Ratings00 Ratings
Individual goal setting8.04 Ratings00 Ratings
Line-of sight-visibility7.43 Ratings00 Ratings
Performance tracking8.43 Ratings00 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
FinancialForce HCM (Discontinued)
8.0
4 Ratings
2% above category average
Welcome
-
Ratings
Performance plans8.34 Ratings00 Ratings
Performance improvement plans6.84 Ratings00 Ratings
Review status tracking7.64 Ratings00 Ratings
Review reminders8.44 Ratings00 Ratings
Multiple review frequency8.74 Ratings00 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
FinancialForce HCM (Discontinued)
6.1
3 Ratings
25% below category average
Welcome
-
Ratings
Create succession plans/pools5.53 Ratings00 Ratings
Candidate ranking6.23 Ratings00 Ratings
Candidate search6.63 Ratings00 Ratings
Candidate development6.23 Ratings00 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
FinancialForce HCM (Discontinued)
8.4
3 Ratings
8% above category average
Welcome
-
Ratings
Job Requisition Management8.73 Ratings00 Ratings
Company Website Posting8.02 Ratings00 Ratings
Publish to Social Media8.52 Ratings00 Ratings
Job Search Site Posting8.52 Ratings00 Ratings
Duplicate Candidate Prevention7.33 Ratings00 Ratings
Applicant Tracking8.43 Ratings00 Ratings
Notifications and Alerts9.13 Ratings00 Ratings
Best Alternatives
FinancialForce HCM (Discontinued)Welcome
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Score 9.3 out of 10
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Score 8.4 out of 10
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Score 9.1 out of 10
PayScale Insight Lab
PayScale Insight Lab
Score 10.0 out of 10
Enterprises
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Score 10.0 out of 10
SAP SuccessFactors HCM
SAP SuccessFactors HCM
Score 8.4 out of 10
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User Ratings
FinancialForce HCM (Discontinued)Welcome
Likelihood to Recommend
8.4
(4 ratings)
8.2
(1 ratings)
User Testimonials
FinancialForce HCM (Discontinued)Welcome
Likelihood to Recommend
Discontinued Products
FinancialForce HCM gives HR admins the full Hire to Retire experience while also meeting the needs of the worker/end user. Additionally, the application is well suited for talent management, shift scheduling, electronic benefits transmissions and connecting to payroll providers. Integration of HCM with other FinancialForce offerings, such as PSA and Accounting, completes the connection of front to back office.
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Welcome
If you don't have a workflow management tool in place and are relying on email or shared documents, then I would recommend using Welcome to keep tasks moving and employees accountable. It's very flexible, so you can really drill down on what you're asking from users and it consolidates the tasks that you need to work on in one place. We don't use it for legal documents due to more specific requirements that those require, but, for most other collaborative work, it is used.
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Pros
Discontinued Products
  • 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.
Read full review
Welcome
  • I can see an overview of all my assigned tasks and if I need to take action now or in the future.
  • The history tab gives a detailed overview of all action taken by everyone so far.
  • You can really break tasks down into clear, specific steps leaving no room for guesswork or confusion.
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Cons
Discontinued Products
  • Dashboards need updating
  • Difficult to customise reports
  • Salesforce is not always as quick to respond with service issues as they could be
Read full review
Welcome
  • For some tasks that don't require an article, we are forced to create one or the task doesn't function.
  • When changes are tracked in Word docs they are not apparent until the file is downloaded meaning that if people are only previewing content, they will miss these changes/comments.
  • Having 2 separate places to comment can be confusing and hiding resolved comments can mean less transparency in the process.
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Alternatives Considered
Discontinued Products
From a pricing perspective, FinancialForce HCM is very competitive in both licensing and implementation costs. Ultimately having an application that was native to Salesforce drove our final decision. While we were hoping to find an application that included the ability to process payroll internally we settled on the process of linking to a 3rd party vendor. The other options were either too pricey or lacked some of the key functionality we required.
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Welcome
No answers on this topic
Return on Investment
Discontinued Products
  • It improved self service capabilities - saving significant HR time.
Read full review
Welcome
  • Employees can be resistant to using Welcome at first as they think it will add to their workload, but they, eventually, see the benefits of saving time and gaining efficiency.
  • If one person is responsible for entering all tasks, it can be a fair bit of admin time for that person.
  • We have a better working relationship with external agencies that also use Welcome to collaborate with us.
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ScreenShots

Welcome Screenshots

Screenshot of Welcome's Digital Offers, Total Rewards, and Comp Data help HR and People teams seamlessly manage compensation for better hiring and retention rates.Screenshot of US-based companies can hire internationally with ease by allowing People Operations and HR teams to create and send offers in more than 30 available international currency options. Welcome is SOC2 Type 2 and GDPR compliant, so customers can rest assured that the offers they send will also adhere to local data privacy and security regulations.