SAP for Banking

SAP has both mobile and desktop applications. It helps with credit management, tracking current accounts for customers, deposit management, and loan tracking even when we are on a customer visit. It helps me update data on the go to the server and helps me retrieve data just as easily.

• Loan and Fund Deposit Management
• Customer - Current and Saving Account Management and Maintenance
• Compliance and Regulatory Management

• SAP eases the process of retrieving and updating information on the go.
• The purchase decision was not mine - but it is an expensive software that requires [a] lengthy implementation process and has a huge learning curve.

LinkedIn Jobs, Canva, Adobe Sign

Directly it is not used by us but our bankers use that for Financial information. Financial information by the bank is well presented and the account and finances are maintained well. Financial information for all the payments are done to vendors and client [payments] received are available seamlessly either in Bank or in the [office-based] on the requirement.

• Financial data security (Important as this is company confidential data).
• Financial Data Availability
• Financial data presentation

• Bank is effective managing the financial data.

Skype for Business (formerly Lync), now part of Microsoft Teams, Microsoft Teams, Cisco Webex Share, Cisco Routers, Cisco 350X Series Stackable Managed Switches, Cisco 4000 Series Integrated Services Routers (ISR 4000)

We as a consulting group, support our customers those who have already implemented SAP banking, we support the main business processes like customer management, current ac maintenance, loan process, card management, I strongly recommend this product for its internal integrated solution and also for its robust offering, all in 1 platform.

• Credit management
• Deposit management
• Customer accounts
• Current and Savings bank account maintenance.
• Customer tax [calculations] and local legal requirements.

• Robust solution, highly integrated, data protection, immense cyber security as positive.
• Highly complex to implement, the need [for] high knowledgeable consultants are negative impacts.
• Expensive for SME banks.
• High implementation costs.

Oracle FLEXCUBE

Oracle FLEXCUBE, Finacle Payments Suite, Agora Systems

tend to use SAP for banking on the mobile application, its user friendly and streamline all your banking transactions you can also have access to Company Banking Information, we developed a solution along a customer who was looking for a software where he can track credit for their customers. Beware, implementing SAP on your company may take a while if you are not familiar with, but its totally worth it!

• Data Visualization
• All transactions on one place
• Pending Payments and customer credit

• I cannot talk about a gross number but we setup auto reminders for our credit customers, so we have a quicker payment rate

Oracle FLEXCUBE and INTRASOFT PROFITS

SAP HANA, Jira Software, Smartsheet

We are doing consulting for SAP for banking organizations for product selection, evaluation, and implementation with after go-live AMS. Banking has various challenges ranging from new edge channels, huge transaction volumes, level of details, regulatory compliances need, reconciliation needs, and so on, which requires specific solutions around those products for an end to end connectivity

• Access a comprehensive sub-ledger to support accounting for financial instruments on a single contract level.
• Manage data in centralised data warehouse for increased efficiency.
• Stay compliant and reduce exposure to risk.

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

Oracle Cloud ERP

SAP S/4HANA, Oracle Cloud ERP, BlackLine