2.0
Jan 30, 2009
If you are considering working at CashEdge, be aware that the political climate is volatile.
Former employee
Sunnyvale, CA
Recommend
CEO approval
Business Outlook
Pros
CashEdge has a near monopoly on internet banking applications for account opening, funding, and funds transfer. CashEdge's business model is conducive to revenue growth, as fees are charged for each transaction, and transaction volume of internet banking is increasing.
Cons
Empire building by some of the departments creates tension within cross-functional teams. Management's agenda is often hidden, or at best, poorly communicated. Ranking of individual contributors is forced into a 10-20-40-20-10 distribution, which is then used to discredit individuals and lower bonuses. Some employees have not seen a raise in 5 years. There are no cost-of-living adjustments or yearly pay increases.
