SAP for Banking vs. Velmie

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

We began using Velmie in 2016, and have had a good experience with them. They are technically competent, and have done consistent work. As mentioned earlier, communication has become more difficult as of late. That said, our relationship continues, and as the review reflects, we are generally satisfied

• 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

• They have experience with social media APIs
• Initially, they were responsive
• The system did function, reasonably well for the initial few years.

• 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

• As they've grown, a little more complicated to communicate.

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

At the time we selected them as a vendor, we believed they were our best solution. They continue to support and maintain the system

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

Incentivized

• Initially they helped us support our users.
• When we have hit bumps, we have been able to work through them, an important quality.