Cachet Financial Solutions

www.cachetfinancial.com
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Cachet Financial Solutions Reviews

Updated May 29, 2015
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2.5
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Jeffrey Mack
9 Ratings

15 Employee Reviews

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  1. Excellent Benefits and Opportunty for Career Advancement

    Current Employee - Anonymous Employee in Chanhassen, MN
    Current Employee - Anonymous Employee in Chanhassen, MN

    I have been working at Cachet Financial Solutions

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

    Pros

    Hot products and high industry demand! Company is fast growing and now has a very impressive client base. The benefits are excellent and better than at any other company where I've worked. Entrepreneurial, motivated and talent employees have a real opportunity to shine and grow. The offices are also very nice and co-workers are supportive. I also love the Friday pizza, celebrations/events, and especially the quarterly bonuses.

    Cons

    Not too much to say here as I've worked for young companies before and understand the high expectations and need for hard work and periodic overtime. More process and communications around product development would be helpful though.

    Advice to Management

    Sharing company vision and strategy for the longer term would be appreciated. Better training for Sales and more time to establish their territories would also be good as the sales cycle can be long for some products.


  2. Helpful (1)

    OK Company

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

    I worked at Cachet Financial Solutions full-time

    Pros

    Great people, free pizza on friday. Opportunities to advance if you perform.

    Cons

    Revolving door in sales. Change territories frequently. Lots of people get laid off or fired for a company of only 50 people.


  3. Great Company if you are entreprenurial and driven

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales in Eden Prairie, MN
    Current Employee - Sales in Eden Prairie, MN

    I have been working at Cachet Financial Solutions

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

    Pros

    Company provide sales training, inside sales team making outbound sales, CRM with leads and hires sales pro's to hunt and close. The company is clear when you are hired for sales that you need to contribute within the first 90 days. Comp plan is tremendous, without any caps.

    Cons

    High pace, high energy, sometimes chaotic

    Advice to Management

    Have more company meetings, be a bit more transparent.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    Horrific change Management here.....Leadership has 1 opinion

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

    I worked at Cachet Financial Solutions

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

    Pros

    Free purple shirts and Friday Pizza. Not enough information to build any case here

    Cons

    No continuity in sales/process management. Leadsership expects sales/results in 60-90 days which is un-realistic when selling into Financial Institutions. Nice people, bad leadership.

    Advice to Management

    Step Back, bring in true business leadership and let them do their jobs


  6. Helpful (1)

    Poorly managed!

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

    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 technology making a splash in the Financial Institution industry. Good people in operations, great support personnel and able to deliver if you can get a deal over the finish line.

    Cons

    Over promise and under deliver. They act way too big for their actual size. Haven't broken even and stuck in startup mode. Revolving door in Sales department. Say one thing and mean another. They want sales to build pipeline and focus on relationships, but want results in weeks without giving any chance after every change. Change territories way too often causing chaos and confusion for any reputable sales rep to build/maintain/work territory or pipeline.

    Advice to Management

    Unfortunately, you went public too soon, so that cat is out of the bag. Advice would have been, don't go public until you're actually EBITDA positive or have stronger revenue numbers. Your IPO was premature. Realize what you are, (a young startup) that has major challenges in the market place. You have to realize that FI's are conservative and while they may want what you have to offer, they're NOT going to buy from you because of your age and will be very cautious even if they do choose you. It will take time to get over this hump and yet you don't realize it or plan for it. Plan for these challenges and you MAY succeed.


  7. Helpful (1)

    Don't waste your time

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  8. Helpful (1)

    Great company, great people, and room to grow.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  9. Helpful (1)

    Great company, nice atmosphere, room to grow

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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


  10. Helpful (4)

    SCAM company, horrible management, unlawful practices and ethics

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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.


  11. Helpful (1)

    Smoke and Mirrors

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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



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