Cachet Financial Solutions

www.cachetfinancial.com
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Cachet Financial Solutions Reviews

Updated April 15, 2015
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2.3
10 Reviews
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Recommend to a friend
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Jeffrey Mack
5 Ratings

Employee Reviews

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  1. Great company, great people, and room to grow.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Cachet Financial Solutions full-time (more than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Start-up company that promotes entrepreneurial thought and action. Leadership has a clear vision of where the company is going. Great products with constant improvement. Realistic and fair compensation model

    Cons

    Communication between departments could be better, but it's no worse than anywhere else.

  2. Don't waste your time

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Cachet Financial Solutions

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Very talented people on the IT side of the house

    Cons

    Politics, unethical, uncaring. This place is the equivalent of an oligarchy.

    Advice to Management

    Take care of your employees. They ARE your assets. You will never grow if the CEO doesn't allow VPs to do the jobs for which they were hired.

  3. Great company, nice atmosphere, room to grow

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Cachet Financial Solutions full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Every workday is different, input is highly regarded, collaborative environment, talented staff, great benefits, progressive tech company. You work hard, you get rewarded. You slack-off and don't get anything done, you get booted.

    Cons

    Nothing to complain about business wise, I do wish HQ were closer to my home

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  5. Helpful (2)

    SCAM company, horrible management, unlawful practices and ethics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Cachet Financial Solutions

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nice the first week!

    Cons

    Live, breath and sleep work... not enough! Completely unqualified people managing and working there. Poor planning and management period. Promise the moon and stars and do not deliver.

    Advice to Management

    Get it together! Be professional... Your responsible for others.... think beyond self and consider people have families and responsibilities.

  6. Helpful (1)

    Smoke and Mirrors

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Manager in Minneapolis, MN
    Former Employee - Account Manager in Minneapolis, MN

    I worked at Cachet Financial Solutions full-time (more than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good stepping stone to better opportunities.

    Cons

    average pay, micro-management, people being laid off weekly,

    Advice to Management

    Be truthful with your employees

  7. Helpful (1)

    All show, low go...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Cachet Financial Solutions full-time (more than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Lots of contracts and project activity, including recently a very large one. Friday pizza. Good event marketing. Some hardworking people there.

    Cons

    Bleeding cash.. Revolving door. Unhappy reps. Comp model not real. Selling air. Lack of transparency.. Overbuilt (facility, number of people).

    Advice to Management

    Perfect one product for a smaller niche before pretending to have more. Generate revenue before hiring more people, renting large space.

  8. Helpful (1)

    Expect to get fired

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Minneapolis, MN
    Former Employee - Anonymous Employee in Minneapolis, MN

    I worked at Cachet Financial Solutions full-time (more than a year)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    The benefits are good if you get them.

    Cons

    Getting fired is the norm at Cachet Financial Solutions. In a two week period six employee's were fired, four of those in one day! With a workforce of approximately fifty people that's over 10% fired in two weeks, and there were many more before that. In the two years I was with this company almost everyone that wasn't a friend of the elite management was terminated. Most of the firings are to cover for poor management, they don't tell you what needs to be done, your expected to read their minds and if you don't, your fired. Many associates put in eighty hours a week , but working eighty hours a week doesn't prevent you from being fired. They also won't hire new associates to pick up some of the work load, they expect you to give up your life for the company. Then there's the disappearing bonus, we we told we were getting an end of year bonus, after a while they stopped talking about it and it never materialized without explanation. So what can you expect from Cachet Financial Solutions if you take a job with them, "You're Fired!".

    Advice to Management

    None, they won't listen.

  9. Helpful (1)

    A Growing Company with lots of opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Minneapolis, MN
    Current Employee - Anonymous Employee in Minneapolis, MN

    I have been working at Cachet Financial Solutions

    Recommends
    Recommends

    Pros

    Cachet is a startup company that looks for experience people to come in and make a difference. If you are a very structured person looking for direction and being told what you need to do, you won't like the environment. If you like to make a difference and impact the company, this is the perfect place to be. Your input is valued and you are respected for your contribution. The company rewards those who take ownership and have a get it done mentality and has little time for know it alls and those who have an attitude of it's not my job.

    Cons

    You are expected to work hard and make sacrifices to get things done from time to time.

    Advice to Management

    Execution, focus, and communication will make Cachet an even greater place to work.

  10. Helpful (1)

    Sold a bill of goods during hiring process.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Eden Prairie, MN
    Former Employee - Anonymous Employee in Eden Prairie, MN

    I worked at Cachet Financial Solutions

    Doesn't Recommend
    Doesn't Recommend

    Pros

    The benefits are good for a small company.

    Cons

    Not who they portend to be. Their SaaS solution has gone down for 30hrs. Small player in big market.

    Advice to Management

    Listen to employees, stay focused on the big picture, bring the technology up to date. Get rid of the egos.

  11. Helpful (3)

    Very misleading organization. They lie to you and kick you when your down

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Sales in Minneapolis, MN
    Former Employee - Sales in Minneapolis, MN

    I worked at Cachet Financial Solutions

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Good Benefits thats it for sure.

    Cons

    Churn and burn. They tell a great story when hiring you . Then offer no sales plan of action and kick you out on your ass. If you don't read their mind on what the correct thing to do , your FIRED. These guys act bigger than they are and will mislead you from day one. If you like to work with one arm tied behind your back then this gig is for you.

    Beware stay far away from this company...

    Advice to Management

    Management, why don't you take a real step back and look at how you treat people and your mislead sales tactics towards your employees and customers. You guys and real jerks and a complete disgrace as company. Shame on you.

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