Fundtech Reviews | Glassdoor

Fundtech Reviews

Updated April 26, 2017
115 reviews

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2.7
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Reuven Ben Menachem
55 Ratings

115 Employee Reviews

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Pros
Cons
  • Lots of petty politics, infighting among local senior management, new D (in 5 reviews)

  • not a proper management and work culture (in 3 reviews)

More Pros and Cons

  1. "Busines analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in New York, NY
    Former Employee - Business Analyst in New York, NY

    I worked at Fundtech full-time (More than a year)

    Pros

    Good company to work with

    Cons

    Work culture is not professional and some one must needs to think of it


  2. "Fundtech review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Systems Administrator, Software Engineer in Norcross, GA
    Former Employee - Systems Administrator, Software Engineer in Norcross, GA

    I worked at Fundtech full-time (More than 10 years)

    Pros

    Good company to work for over the years.

    Cons

    Kept bringing employees from the India office into the states.


  3. Helpful (5)

    "Corporate greed at it's finest..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Salt Lake City, UT
    Current Employee - Anonymous Employee in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Fundtech full-time

    Pros

    Most coworkers are enjoyable to work with.

    Cons

    -No bonuses or raise potential to anyone but exectuve management.
    -Culture that creates the expectation in which everyone is expected to be on-call 24/7, regardless of position/title. (Hourly or salary)
    -Disconnected senior management, or just don't care.
    -No accountability for management or senior staff, at all.
    -No concern for employee satisfaction, only concerned about new revenue and margins.
    -Nearly every product left to sink, laid off staff or fired them with no replacements, for years while 'dressing' up the company to look good enough to sell.
    -Exective management and sales teams knowingly, and willingly, selling products to new clients when those products will not be avialble to them.
    -Refusal of executive management to be proactive when staff raises issues of possible problems, in regards to HR and product related problems.
    -Constant attitude from management teams, towards the stafff, 'Who cares? It'll fix itself or they'll quit. We're not putting more money into it.'

    Executive management is so disconnected from the day-to-day operations that they actively refuse to listen to their staff, unless legal consequences result. Managers are beyond reproach, no matter how poorly they perform or how much money they cost the company with their decision making. Executive teams refuse to replace bad managers, or take responsibility for problems that said managers create. Instead, they use employees/staff under their management as scapegoats, not only to other internal departments and management, but also directly to external clients. Even while on-site or on the phone with the staff present, as they feel it is never managements fault for failures or missed dates. Those same management teams will promise the world to sign a new contract, knowing there isn't enough staff to complete the work in time, then force understaffed teams to meet their promises and are threatened with being let go if they don't work the 70+ hours every week to accomplish it. PTO is a thing of the past, which staff loses every year if they do not use it. No compensation for lost PTO from working too much.

    Possible class action lawsuits coming from former and present staff, due to overabundance of: sexist, bigoted, racist, hostile work environments, and overworking of staff to the point they are hospitalized from it.(Then demanding they continue to work from a hospital bed, or else...) This same senior management have continued to hide these issues in order to sell the company to D+H. (Formerly Bankserv/Fundtech) HR also worked with executive management to hide these facts for the sale.

    Advice to Management

    Get onsite, with problem locations, and speak to the staff directly without the management there. Do not just keep allowing management teams to hide everything until the business unit literally collapses the company, which is soon in coming if things continue as they have. D+H exectuive management should be extremely wary of the fallout that will result.


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  5. "Good Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior QA Analyst in New York, NY
    Former Employee - Senior QA Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Fundtech (Less than a year)

    Pros

    Good Company to work with.

    Cons

    No Process is followed in the comany

    Advice to Management

    No advice to management


  6. "Awesome fast paced company to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer ­ Architect, Team Lead in Lawrenceville, GA
    Former Employee - Senior Software Engineer ­ Architect, Team Lead in Lawrenceville, GA
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Fundtech (More than 10 years)

    Pros

    Exposed to multiple tech stacks, opportunities and career channel options

    Cons

    Self training is required. HR out sourced.

    Advice to Management

    Keep growing


  7. Helpful (3)

    "Short term window dressing"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Fundtech full-time (More than 3 years)

    Pros

    Culture favored managers good at lying with metrics. Upper management too far removed to see the truth.

    Cons

    All executives cared was dressing up fundtech for private equity owner to flip. All posturing and moves made was for putting on shows for outside. Yrs of product neglect has sank them closer to obsolescence. Security holes in fundtech technologies led to Consent Order. Ignored internal complaints and problems. "Who cares" management said. New processes and paperwork was forced onto staff doubling workload. Serving no purposed but make fundtech Look - and only Look - consolidated. No effort made to retain top talent. "Who cares" they kept saying. "Who Cares" Countless moe examples of management sacrificing future for temporary boost in numbers. There was not a buyer on earth stooopid enough to fall for all this --- until D + H showed up.


  8. "Headhunters make fortunes off Fundtech - D+H"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Fundtech full-time (More than 3 years)

    Pros

    Staffing agencies send over free bagels. Take managers to free lunches. A $15 lunch in exchange for $150000 in fees to headhunter is a swell deal. Fundtech D+H luvs them 0.0001% cashback rewards.

    Cons

    Staffing firms circle this place like sharks. Sky high turnover rates. Employees know better than to make referrals. word is out in the staffing world.


  9. "Senior Project Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in New York, NY
    Former Employee - Project Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Fundtech (More than 8 years)

    Pros

    The staff is smart and nice.

    Cons

    You have to work hard to have a life outside of work here.

    Advice to Management

    When you start loosing client, start looking at management.


  10. Helpful (1)

    "Funtech ain't so Fun"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Fundtech full-time

    Pros

    Funtech aka GTBS division of D+H is all about squeezing out what is left out of the firms it acquires. Clueless when it comes to innovating, building, selling.

    Cons

    Zero goals to improve the acquired firms. The business model is simply living off of what the acquired firms have in place. Do mass layoffs to maintain numbers as customers flee. Write it off when business dies. Buy another firm. Re-peat.

    Advice to Management

    can not fool the employees like you fooled them auditors , D + H and your private equity masters G - T - C - R .


  11. "Pumped and dumped"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Fundtech full-time

    Pros

    Successful window dressing of fundtech enticed D+H to overpay. Huge windfalls for private equity owner GTCR and puppet fundtech executive teams.

    Cons

    Fundtech division is a shell of former self. innovating and selling have long been out. Cost-Cutting is in. GTCR puppets left it that way.


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