CGI Open Finance vs. SAP for Banking

It enable for us to connect our bank account with other fintech to have more reliability, flexibility and transparence between our subsidiaries. It's secure, reliable and fast. The only negative point is you need to have some technical skills to manage the integrations successfully

Incentivized

I think when we have a big company [than] managing the finance is not possible by manual or old data entry. Hence these are the solutions that make the task easier. Small scale requirements can be Managed by other means as banks might be charging the Premium from companies which may be costly for smaller companies.

Incentivized

• It helps with retrieving and updating information on the server.
• I can easily retrieve information regarding credit for a customer and process information to provide [the] best solution.
• SAP also assists in compliance management.

Incentivized

• migration is very tough and not easy to use tools, more [improvement] required in data migration tools.
• Mobile applications are not user friendly in terms if UI design.
• House banking configurations are complex for any changes and require intense knowledge for implementation.

Incentivized

CGI open finance is really good to manage our integrations between our different fintech providers. It's totally reliable, secure, easy to implement and fast. It help us a lot to have more flexibility in our organisation between our subsidiaries

Incentivized

I ll recommend SAP for Banking or other accordingly to the size of the company, if you are part of a global company and you need to have access to the big picture & All your assets then this is the right tool, if you have a small company or Fintech then you can work on an open source App

Incentivized

• Harmonization in the data is reducing the reconciliation efforts
• SAP provides a better innovation visibility in the banking solutions space

Incentivized