Fiserv Wealth Management Network vs. webMethods Trading Network

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Fiserv Wealth Management Network
Score 8.0 out of 10
N/A
The Wealth Management Network from Fiserv is an expansive networks of managed account data and connectivity. It brings together asset managers and sponsors to perform all necessary business functions to support the industry. The Network includes messaging services, information exchange, and managed account data services.N/A
webMethods Trading Network
Score 10.0 out of 10
N/A
webMethods Trading Network is a B2B middleware offering from Software AG.N/A
Pricing
Fiserv Wealth Management NetworkwebMethods Trading Network
Editions & Modules
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Offerings
Pricing Offerings
Fiserv Wealth Management NetworkwebMethods Trading Network
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Fiserv Wealth Management NetworkwebMethods Trading Network
Top Pros
Top Cons
Best Alternatives
Fiserv Wealth Management NetworkwebMethods Trading Network
Small Businesses

No answers on this topic

No answers on this topic

Medium-sized Companies
Anypoint Platform
Anypoint Platform
Score 8.1 out of 10
Anypoint Platform
Anypoint Platform
Score 8.1 out of 10
Enterprises
TIBCO B2B Integration Solution
TIBCO B2B Integration Solution
Score 8.5 out of 10
TIBCO B2B Integration Solution
TIBCO B2B Integration Solution
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Fiserv Wealth Management NetworkwebMethods Trading Network
Likelihood to Recommend
8.0
(2 ratings)
10.0
(2 ratings)
User Testimonials
Fiserv Wealth Management NetworkwebMethods Trading Network
Likelihood to Recommend
Fiserv
Fiserv Wealth Management Network is well suited in scenarios where an organization has multiple financial services providers and would like the benefit of tying that all together and managing it from a single, unified solution. The benefit there is increased efficiency and productivity, especially when compared to the manual alternative of having managers log in to separate sponsor platforms.
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Software AG
webMethods Trading Networks is an excellent choice for a business-to-business (B2B) gateway platform, for sending and receiving messages to/from external trading partner organizations. It excels at making it easy to define new interfaces and provides robust mechanisms for ensuring successful message delivery and processing through automatic retries. We also use it successfully for all our application-to-application (A2A) integration, which many would believe is beyond the scope of what webMethods Trading Network is good for; however, we have made it work and it has been very successful in our organization. I would not recommend using webMethods Trading Network for integration that requires low-latency or high-bandwidth data transfers. It is much better suited to shipping reasonable sized XML or JSON or flat file messages (less than 100 mb) around in situations that do not need sub-second latency. If you have low-latency or high-bandwidth needs, you should use a product more focussed on eventing, such as Kafka, for example.
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Pros
Fiserv
  • R&D is fantastic as they have the resources
  • Online resources to help figure things out
  • Easy to navigate
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Software AG
  • Document tracking
  • Efficient partner management
  • Set up trading partners with connectivity information
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Cons
Fiserv
  • Cost ... it's definitely not the cheapest option out there. the way pricing is itemized and a separate upcharge for each add-on gets annoying. They can probably bundle things a little better and offer a discount on the bundled products
  • the volume of system updates and changes is nauseating at times and we have to prepare and test accordingly every time there is a scheduled update. that takes up a lot of resources; quarterly updates to products would be much easier.
  • more responsive support and ideally more stable support engineers ... it seems like turnover is high in their support roles and that impacts customer success and MTTR.
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Software AG
  • Vendor is slow to add new features
  • Performance scales with underlying database performance
  • Use of My webMethods to administrate trading networks is clunky and slow
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Alternatives Considered
Fiserv
Far superior in my opinion. More features, easier to navigate and superior customer service
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Software AG
Ease of use and robustness of the product.
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Return on Investment
Fiserv
  • Speed of service is greatly improved across partners. I believe our MTTR for service requests has improved by 30-40%
  • Standardized platform for our staff which translates to better retention and a lower training effort.
  • Cost is the negative impact ... it goes without saying that using Fiserv is much more expensive to the manual alternative which is very human resource intensive but low cost. But that's to be expected ...we're just trading time for money.
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Software AG
  • Improved time to market for new A2A and B2B interfaces
  • Ability to support modern standards with B2B partners
  • Improved supportability and robustness when compared to the previous bespoke custom solution it replaced
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