Factorial vs. Netchex

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Factorial
Score 7.1 out of 10
Small Businesses (1-50 employees)
Factorial is a business management software designed to streamline HR processes, including time and attendance tracking, talent development, payroll, and finance management.N/A
Netchex
Score 8.8 out of 10
N/A
Netchex is a HR, payroll, and tax administration software platform with solutions dedicated to recruitment, hiring, and onboarding as well as payroll, tax compliance, HR, time/attendance, benefits management, and analytics for these areas.N/A
Pricing
FactorialNetchex
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
FactorialNetchex
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeOptionalNo setup fee
Additional Details
More Pricing Information
Community Pulse
FactorialNetchex
Features
FactorialNetchex
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
Factorial
7.8
Ratings
1% below category average
Netchex
-
Ratings
Employee demographic data9.00 Ratings00 Ratings
Employment history9.00 Ratings00 Ratings
Job profiles and administration8.00 Ratings00 Ratings
Workflow for transfers, promotions, pay raises, etc.7.00 Ratings00 Ratings
Organizational charting7.00 Ratings00 Ratings
Organization and location management7.00 Ratings00 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
Factorial
7.7
Ratings
4% below category average
Netchex
-
Ratings
Approval workflow9.00 Ratings00 Ratings
Balance details7.00 Ratings00 Ratings
Annual carry-forward and encashment7.00 Ratings00 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
Factorial
5.0
Ratings
47% below category average
Netchex
-
Ratings
View and generate pay and benefit information7.00 Ratings00 Ratings
Update personal information5.00 Ratings00 Ratings
View company policy documentation3.00 Ratings00 Ratings
Employee recognition2.00 Ratings00 Ratings
View job history8.00 Ratings00 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
Factorial
6.0
Ratings
29% below category average
Netchex
-
Ratings
Tracking of all physical assets6.00 Ratings00 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
Factorial
5.3
Ratings
34% below category average
Netchex
-
Ratings
Report builder6.00 Ratings00 Ratings
Pre-built reports4.00 Ratings00 Ratings
Ability to combine HR data with external data6.00 Ratings00 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
Factorial
3.5
Ratings
77% below category average
Netchex
-
Ratings
New hire portal4.00 Ratings00 Ratings
Manager tracking tools3.00 Ratings00 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
Factorial
2.8
Ratings
96% below category average
Netchex
-
Ratings
Corporate goal setting1.00 Ratings00 Ratings
Individual goal setting4.00 Ratings00 Ratings
Line-of sight-visibility4.00 Ratings00 Ratings
Performance tracking2.00 Ratings00 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
Factorial
5.8
Ratings
30% below category average
Netchex
-
Ratings
Performance plans6.00 Ratings00 Ratings
Performance improvement plans5.00 Ratings00 Ratings
Review status tracking7.00 Ratings00 Ratings
Review reminders6.00 Ratings00 Ratings
Multiple review frequency5.00 Ratings00 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
Factorial
5.7
Ratings
30% below category average
Netchex
-
Ratings
Job Requisition Management4.00 Ratings00 Ratings
Company Website Posting6.00 Ratings00 Ratings
Publish to Social Media6.00 Ratings00 Ratings
Job Search Site Posting4.00 Ratings00 Ratings
Duplicate Candidate Prevention7.00 Ratings00 Ratings
Applicant Tracking5.00 Ratings00 Ratings
Notifications and Alerts8.00 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Factorial
-
Ratings
Netchex
9.4
Ratings
13% above category average
Pay calculation00 Ratings9.60 Ratings
Support for external payroll vendors00 Ratings8.60 Ratings
Off-cycle/On-Demand payment00 Ratings9.70 Ratings
Benefit plan administration00 Ratings9.80 Ratings
Direct deposit files00 Ratings10.00 Ratings
Salary revision and increment management00 Ratings9.90 Ratings
Reimbursement management00 Ratings8.10 Ratings
Best Alternatives
FactorialNetchex
Small Businesses
Dayforce Powerpay
Dayforce Powerpay
Score 9.5 out of 10
Dayforce Powerpay
Dayforce Powerpay
Score 9.5 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.7 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.7 out of 10
Enterprises
PeopleStrong
PeopleStrong
Score 9.9 out of 10
Infor Human Resources
Infor Human Resources
Score 7.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
FactorialNetchex
Likelihood to Recommend
6.0
(0 ratings)
9.0
(0 ratings)
Likelihood to Renew
-
(0 ratings)
9.9
(0 ratings)
Usability
-
(0 ratings)
9.9
(0 ratings)
Support Rating
-
(0 ratings)
9.9
(0 ratings)
Implementation Rating
-
(0 ratings)
8.2
(0 ratings)
User Testimonials
FactorialNetchex
Likelihood to Recommend
I am not fully convinced about factorial HR yet. We are about to transition to a new tool after using Recruitee for a long time. The bar was high when it came to recruitment ATS. and Factorial HR is multifaceted but not as well structured or functional. Support in other languages should also be improved, as those are the most common reviews I have seen online.
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I LOVE THE EASE OF THE TIMECLOCK AND PULLING INTO PAYROLL. PREVIOUSLY I HAD TIME CLOCK ON MY DMS AND PAYROLL THROUGH PAYCHEX. IT DIDNT INTEGRATE SO I HAD TO KEY IN EVERY SINGLE TIMESHEET....THIS IS SO MUCH EASIER. ONLY THING I DONT LIKE IS ONCE YOU START PAYROLL IF SOMEONE TIME HAS TO BE FIXED YOU HAVE TO DELETE AND START OVER. THE ONLY PROBLEM I HAVE HAD WHICH IS NOT A BIG PROBLEM.
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Pros
  • Recruitment ATS.
  • Keeping documents and employee records.
  • Talent performance management.
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  • My Netchex Service Team is very responsive and friendly. They are willing and able to spend the amount of time needed on one call to troubleshoot most problems or answer questions.
  • Their recent updates to the employee dashboard have been well-received by our seasonal team. Employees are able to quickly find what they are looking for which has minimized the amount of requests that my team receives regarding questions on pay or updating personal information.
  • Online W-2 forms have been a game-changer for us since moving to Netchex. Our staff tend to move around a lot and most do not get the mailed copy of their W-2. The electronic consent has saved me hours and hours of time.
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Cons
  • i think the main area is time off requests.
  • also, customer service is not as responsive.
  • interface could be more user friendly.
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  • Support needs to be available more times than just normal business hours.
  • Tax support is basically non-existent. This seems that it should be TOP NOTCH.
  • Some of the functionality of the Netchex program could be tweaked. It is not a keyboard friendly program at all. Must mouse your way through. When the program times out, it takes 2 to 3 screens before it really logs you out.
  • When submitting from Netchex to Dealertrack, it would be nice to show the payroll # or payroll date that has been submitted. Currently once you hit submit, the screen reverts back to the last successful payroll submit. This process is just a bit confusing, especially for new users.
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Likelihood to Renew
No answers on this topic
Easy to work with.
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Usability
No answers on this topic
Very user friendly and great interface.
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Support Rating
No answers on this topic
The first line CE team is phenomenal. They are helpful, friendly, and knowledgeable. We have had less luck with the responsiveness of the tax department. However, their response time has improved drastically over the past year.
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Implementation Rating
No answers on this topic
Implementation took some time but was pretty much error free.
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Alternatives Considered
I does not stack up very well. It's best feature is that it is a 360 HR platform, but it needs to evolve and improve. Recruitee and Teamtailor seem way better options, in my opinion, for the Applicant tracking system. Time off tends to get confusing at times, and employees prefer tools like bamboo or Roots, which integrate well with other tools.
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Netchex is much more user-friendly and much more of a robust payroll system. Netchex also takes care of everything regarding employees and their entire time with the company, but GP is much more limited.
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Return on Investment
  • It has not had any impact. we are testing the tool for a while now, but we do not think it will make it to the end of the process.
  • It seems good for ATS but all other functionalities seemed to have been left behind.
  • I like that it allows managing posts and other things like internal social media and communities.
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  • Associates can easily access their data and make changes to things like their address and direct deposit, saving manager time to focus on more critical tasks within the organization
  • NetRecruitier has one site that can be posted to multiple job boards with one applicant tracking system
  • Electronic Onboarding allows us to get information out to the new employee so we can start with expectations on their first day and they know what to expect.
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ScreenShots

Factorial Screenshots

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