Cachet Financial Solutions

www.cachetfinancial.com
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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.

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  1. 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.

  2. 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.

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