OpenLink Financial Reviews | Glassdoor

OpenLink Financial Reviews

Updated December 18, 2018
248 reviews

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2.5
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OpenLink Financial CEO Rich Grossi
Rich Grossi
42 Ratings

Employee Reviews

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Pros
  • "You'll get good work life balance" (in 25 reviews)

  • "Good people, Good work life balance" (in 13 reviews)

Cons
  • "There is no job security working here" (in 7 reviews)

  • "Poor management decisions leading to constant disasters with most of the projects" (in 7 reviews)

More Pros and Cons

  1. "Exciting work, great culture, work life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at OpenLink Financial full-time

    Pros

    Always doing new projects, freedom to take a project in the direction I want, good work-life balance, nice people and good culture

    Cons

    No well defined career path


  2. Helpful (1)

    ""Stuck in their old legacy strategies and no room for technology aspects""

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - QA Analyst in Long Is City, NY
    Former Employee - QA Analyst in Long Is City, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at OpenLink Financial (More than 3 years)

    Pros

    *extracurricular activities like some plantation,outing,goodies.
    *work life balance .
    *reasonable hike
    *free cab service.
    *allowance for noon shifts as well.
    *most of work will be done from US itself some left chunk will go to other places.

    Cons

    * Stuck in old legacy technologies.
    *definitely no room for technology growth.
    *management is busy in organizing fun activities.
    *laying off employees though they have less than 100 head counts.
    *candidate who want to sit in office with no work and just lead life casually can definitely opt for this organization.

    Advice to Management

    cons are really sufficient to improve

  3. Helpful (7)

    "From the best to the worst"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quality Assurance in Uniondale, NY
    Former Employee - Quality Assurance in Uniondale, NY
    Doesn't Recommend
    Disapproves of CEO

    I worked at OpenLink Financial full-time (More than 5 years)

    Pros

    Based on my 6+ years at OpenLink years ago:
    Terrific benefits, excellent 401(k) match, generous PTO, great work/life balance, wonderful location and office building, friendly family style environment until the CEO changes and management shakeups began.

    Cons

    I left once my 401(k) contributions fully vested because it was obvious as to the direction the company was headed. I think how at one time part of me wanted to go back but after seeing the current state of the company I'm glad that never happened.

    Advice to Management

    Rich Grossi - It's very disappointing to see what you let happen to the company. You were never very accessible as a leader to speak to (the occasional no conversation nod in the elevator was about all you ever did) but I figured you'd stand up for the company and its employees. Boy am I disappointed. I was fortunate enough to leave when I wanted to but many of my former colleagues were thrown under the bus due to all the bad decisions.


  4. Helpful (2)

    "Worst company I have ever worked for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at OpenLink Financial full-time

    Pros

    Their software is excellent, and their employees are excellent at their jobs.

    Cons

    Their management is non-existent. I would go so far as to describe them as horrible.

    Advice to Management

    Engage with your employees.


  5. Helpful (13)

    "I worked there for 15 years"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Uniondale, NY
    Former Employee - Anonymous Employee in Uniondale, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    It used to be a very nice company - great benefits,nice pay,people etc. It was pleasure to work there.

    Cons

    After ION brought the company everything seems to fall apart. It looks like different place, a lot of people left or laid off, management (what is left of it) scared and insecure.

    Advice to Management

    I hope you will be thrown out like we did.


  6. "Good company, could use some work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Approves of CEO

    I worked at OpenLink Financial full-time

    Pros

    Good culture, benefits, work life

    Cons

    Hard to move up in the company


  7. Helpful (13)

    "Stay Away"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Most of my coworkers were nice people.

    Cons

    They were bought by ION Trading, who is living up to there reputation of destroying and mismanaging companies. Massive layoffs and general business decisions that don’t make any sense. There is no stability here. I would definitely stay away from working here.

    Advice to Management

    You sold out to ION for money, and now you’ll pay the price. Simply a pathetic decision. All of f the other CTRM companies are celebrating now, because they know you will just fade away like Triple Point did when they were bought by ION.

  8. Helpful (11)

    "Meh..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Developer in Uniondale, NY
    Former Employee - Senior Software Developer in Uniondale, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at OpenLink Financial full-time (More than 5 years)

    Pros

    Great people, great culture. Great work life balance. One of the industry leaders in ETRM software.

    Cons

    After acquisition by ION the company is a shell of the former shell that it once was.

    Lots of good talent leaving voluntarily. Great people and culture will not last much longer with the amount of attrition and brain drain.

    Compensation below average from a Software Development standpoint.

    Technical debt continues to build up after years of choosing the easy and quick solutions.

    Technology is proprietary which also means that it is old and outdated. No serious investments are made to refresh or refactor the tech stack. Layers and layers are being built on-top like an onion.

    Advice to Management

    Not good for serious Software Developers or technology enthusiasts, you don't learn as much as you can and get compensated under industry average.

    Great for people who are just looking to show up to work, collect a paycheck, and go home.


  9. Helpful (20)

    "Another ION disaster"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at OpenLink Financial full-time (Less than a year)

    Pros

    - OL is the main player in the CTRM market
    - some very bright, dedicated personnel
    - a good company with a lot of upside but without the leadership to make it happen

    Cons

    - ION acquisition plus Rich Grossi will destroy what remains of OL
    - no growth strategy; pure cost strategy being implemented
    - will not be the number one solution in the market for long

    Advice to Management

    Not sure it matters; Andrea will not listen to anyone and the leadership of OL lacks the fortitude, experience, and ability to change the direction.

    For what it is worth, every company should have a growth strategy, including OL. I fully realize it is more difficult than a simplistic cost focused strategy but when you own the market leading solutions it is inexcusable to not execute a growth strategy in parallel.


  10. Helpful (3)

    "Was ok to work at"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    Pros

    It is a job. Good location, nice building. There are some good people there.

    Cons

    Bought by a German software company, recently had a 30% layoff.