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      Beacon Funding

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      Beacon Funding Reviews

      4.5

      90% would recommend to a friend

      (141 total reviews)
      avatar

      Samuel Oliva

      94% approve of CEO

      86% positive business outlook

      Beacon Funding has an employee rating of 4.5 out of 5 stars, based on 141 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Beacon Funding employee rating is 21% above average for employers within the Finance industry (3.7 stars).

      Reviews by job title

      141 reviews
      2.0
      30 Oct 2018

      Big Brother and the Lack of Trust: A Beacon Funding Story

      Anonymous employee
      Recommend
      CEO approval
      Business outlook

      Pros

      The people that I had the privilege of working with were some of the nicest and most genuine individuals I have ever come across. Those that put the effort into the company, had realistic expectations of the results, and generally understood where the ship was headed seemed to enjoy their time within the organization. The technology that I worked with was cutting edge - always on new emerging technologies and keeping up to date with trade shows, conferences, and learning opportunities. With half of the applications being custom built, and the other half being customized to meet some rigorous demands, the tech stack was always changing and improving. The business model is, generally, without fail. Financing of revenue producing assets will (usually) always lead to customers being able to repay the loans. In the event the loans are not repaid, the aforementioned custom processes can be used to make good on the collateral or loan repayment plan.

      Cons

      The people that I had the privilege of working for were generally un-trusting and methodical in their review of their employees. Metrics such as keystrokes, computer active time, and vacation time taken were seen as negatives. Meetings were a comical display of cat and mouse to see who can sign in first to get the active hours and keystrokes attributed to their user account. Automated emails, scheduled jobs, and internal phone calls would all help boost your active time. Unfortunately, none of this helped productivity. Near the end of my employment with Beacon Funding, it all became a game. Auto clickers, key stroke generators, and robo-calls to a forwarded cell phone would serve the same purpose as attempting to better the company (in the eyes of management). Reports began to show up centering around active time and keystrokes - which led to meetings about it - which led to terminations. Overtime is encouraged and, potentially swinging this comment to a "Pro", could be be banked to be used as vacation. However, beware of using too much of it for fear of going against the unwritten expectation of 100-200 overtime hours at the end of the year. The more hours worked, the more active time amassed, and the better you look when year-end reviews come around. Now on to the technology. While cutting edge and custom, it is also never changing. This can be seen as a good thing, or a bad thing, but in my experience it seldom worked. The efforts to fix it were often and plenty, and generally could take hours to track down the person that injected one line of code into a functioning product. Source control? Nope. User accounts? Nah. The ability to quickly roll back releases? Kinda? If you want to be a part of the Wild Wild West of putting out fires, the tech stack is for you! And finally the other side of the coin on the business model of financing revenue producing assets. This type of financial services is generally seen as low risk and low investment. Someone wants equipment, searches for it, and applies on their own. These are generally people with a business plan, an idea, and a need for the equipment being financed. Instead, Beacon Funding decided to roll out multiple outbound call centers in various locations across the company. What used to be a low cost, high quality product quickly became a low quality, poorly regulated, and generally distrustful outward appearance. The army of outbound calling agents quickly snowballed into a mass hysteria of keeping people busy, and tracking their performance. In the past, when a system went down, it impacted 10-15 people. Now? 100's of people could be without anything to do while the systems are fixed. This is a key reason to not over complicate and customize your technology stack.

      avatar
      Beacon Funding Response
      7y
      This is Samuel Oliva, the CEO of Beacon Funding Corporation. Fortunately, the person who wrote this review does mention many positives offered at our company, which I appreciate. Let me tell you a bit about this former valued employee. We administer an online employment assessment and this employee scored in the top five scores ever attained out of a pool of tens of thousands of other applicants. He is a very smart individual. During his approximate 2.5-year tenure with us, he was exposed to leading edge technology, extensive training, and a great deal of expense was incurred to further his knowledge and his career. This training included, but was not limited to, technical training in Adobe Campaign, Business Analytics, Tableau, Noble Systems calling platform, and Microsoft CRM. He absorbed the technology and training very quickly. I also believe he was destined to make it to top management in our company had he chosen to stay with us. However, he chose to leave us and use this knowledge as a launching pad to further his career somewhere else. I can confidently say he progressed significantly more at our company than he had in his previous three jobs. As a result, I believe his market value increased 2-3x due to his experience at our organization. Not surprisingly, we have had other employees experience this same type of growth and they are still with us. I wish this reviewer the best of luck in achieving a similar transformation at his current job. Over the years, I have had numerous former employees contact me after they left our organization and sincerely thank me for what we taught them while they were with us. I believe that as this particular past employee progresses through his career that he too will someday look back and realize all that he learned, and what great opportunity he had, while with our organization. Thanks for listening.
      1.0
      28 Aug 2016

      No vision and unwilling to learn

      Anonymous employee
      Recommend
      CEO approval
      Business outlook

      Pros

      Flex time is OK at best.

      Cons

      IT is unknowingly led by a sales guy and micromanaged by a computer-illiterate owner who believes he is the next Steve Jobs. You'll hear "I'm an entrepreneur" more than you'll care to count. Best practices are ignored, and—as expected—too much time is spent putting out fires. No effort put into planning or collaborating contributes to the cycle. There are silos of information across all partner companies (Beacon Funding, Liventus, and ECS Accounting). Some suggestions for improvement are met with "That's not how we do things" or "That's big company thinking," only to be implemented later as the owner's idea. Other suggestions are typically requests that have been already implemented, because upper management refuses to attend any planning/SIT/UAT and are not aware of the current state. Style over substance is the norm, and a flashy interface is seen as a success over a stable system. Upper management and the CEO consider a project to be a never-ending laundry list of requests that is always open to changes based on their whims and whimsies. Screaming and temper tantrums are the CEO’s preferred method of communication. When advising against a bad idea, you will hear "I pay his/her/your salary, so he'll/she'll/you'll do what I tell you to" thrown around at a decibel level that is appropriate for the front row of a Metallica concert. This leads to communication being sporadic, random, useless, and unwanted. All employee schedules are micromanaged and petty changes were made to company policy to single out employees regarding time sheets. The CEO has openly complained about employees using too much vacation time (1-2 weeks) for getting married or having a child. Benefits are downright horrible, given the limited and expensive health plan choices and atrocious work/life balance. Office technology is held together with duct tape and bubble gum, and test systems are seen as unnecessary. Spyware on every employee's computer consistently causes problems for almost every other piece of unnecessarily, over-customized application. "Project completion" bonuses are so vaguely defined that it pretty much comes down to how the CEO is feeling that particular day. However, there is no proper scoping, planning, or (most importantly) a projected end date, so these "bonuses" essentially do not exist. The toxic work environment consists of top managers openly and unprofessionally gossiping about the sales force, project managers eavesdropping on conversations outside VPs' closed doors, and other people managers sabotaging team resources. Employees are told to write superficial company reviews on Glassdoor to bury the bad reviews, as evident by the time stamps. Company Facebook pages (Beacon Funding, Liventus, and ECS Accounting) are used to stroke the CEO's ego. If you're looking for growth, this is not the place. There is a half-baked, inconsistent career plan that is occasionally reviewed. This is a place for family members, family friends, and sycophants who want a short commute to work.

      avatar
      Beacon Funding Response
      9y
      I am, of course, sorry that you found your time at Beacon Funding to be so negative. I will say that the vast majority of current and former employees review us on the positive, and that's because we cultivate a collaborative environment and encourage team-building and positivity. We offer competitive base pay, bonus structure, paid flextime, and fantastic benefits. I'd encourage you to reach out to your former supervisor and share your specific details with them. I and the other fine people working at Beacon Funding stand by the fact that this is a great place to work and that the way we do business is helping the company grow at an incredibly quick rate!
      1.0
      11 Jan 2015

      Inside Sales

      Inside sales
      Recommend
      CEO approval
      Business outlook

      Pros

      None to report while I was employed.

      Cons

      Small pay checks and 1 pay day a month. The last day of the month. If you can steer clear. 9 people came and went in my tenure. Could not afford to work there. Unemployment pays more.

      avatar
      Beacon Funding Response
      9y
      I’m sorry to hear you had a negative experience with Beacon. The only reason our company is successful is because of our hardworking employees. We compensate our employees well for their work. It's unfortunate you did not feel that you were. We're constantly growing with new talent and challenges. Thanks for the review, and best of luck in your next opportunity.
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      ReviewsBeacon Funding reviews

      Glassdoor has 147 Beacon Funding reviews submitted anonymously by Beacon Funding employees. Read employee reviews and ratings on Glassdoor to decide if Beacon Funding is right for you.