SAP for Banking vs. Strands Business Financial Management

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

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