Is SAP right for your Company? Yes but keep reading
tend to use SAP for banking on the mobile application, its user friendly and streamline all your banking transactions you can also have …
SAP for Banking
SAP for Banking
Overview
What is SAP for Banking?
SAP offers banking software, with a wide range of features for customers of retail and commercial banks, featuring mobile and online self-service support, and on the institution side revenue, performance and risk management, along with payment processing and loan management.
Recent Reviews
SAP for Banking even though not used directly but the Banking team provide good interface for Financial data using this which is very important for any Company
Directly it is not used by us but our bankers use that for Financial information. Financial information by the bank is well presented and …
SAP for Banking - Review
SAP has both mobile and desktop applications. It helps with credit management, tracking current accounts for customers, deposit …
SAP Banking at glance at high level overview
We as a consulting group, support our customers those who have already implemented SAP banking, we support the main business processes …
SAP for Banking - an integrated industry solutions with next-gen innovations
We are doing consulting for SAP for banking organizations for product selection, evaluation, and implementation with after go-live AMS. …
Awards
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Product Details
- About
- Tech Details
What is SAP for Banking?
SAP for Banking Technical Details
| Operating Systems | Unspecified |
|---|---|
| Mobile Application | No |
Comparisons
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Reviews and Ratings
(11)Reviews
(1-4 of 4)Companies can't remove reviews or game the system. Here's why
January 14, 2022
Is SAP right for your Company? Yes but keep reading
Verified User
Consultant in Research & Development
Business Supplies & Equipment Company, 201-500 employees
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!
- Multi Deposit Management
- Credit & Loan Management
- Access Live Data
- Implementing its hard, i ll like to have some initial steps for this part
- Mobile App its not as stable as i'd like
- Data Migration will require ETL knowledge
if your company is currently using SAP for banking i ´ll recommend to move forward and go for it, i do not recommend for early implementation or in case that you are on a fast pace project phase
- 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
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
Verified User
General Manager in Corporate
Oil & Energy Company, 5001-10,000 employees
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 availability.
- Better data management.
- Data Well presented by bank.
- No direct access to customers.
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.
- Financial data security (Important as this is company confidential data).
- Financial Data Availability
- Financial data presentation
- Bank is effective managing the financial data.
Direct banking-related software is not used but within [the] company, SAP is being used to interface with the Banking system.
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)
December 23, 2021
SAP Banking at glance at high level overview
Verified User
Program Manager in Corporate
Computer Software Company, 5001-10,000 employees
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 ( Loans)
- Current ac
- Customer details
- Deposits management
- Consumer mortgage
- 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.
Well suited for large-size [banks] with more than 1000 branches with multiple regions and not suitable for small banks in terms of economy of scale. [Similarly] this is not a robust solution for small-scale NBFC's and with only a few business processes. Credit card management is also not as expected and still needs lots of improvements in [the] data analytics part.
- 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.
While Oracle is easy to use and UI is much friendly but not as robust as SAP and we saw some pitfalls in data integration and bit difficult to plug in external data analytic tools, but SAP banking provides easy way to integrate with multiple data analytic tools which is easy for complex business environments and multiple analytic requirements.
Verified User
Consultant in Information Technology
Banking Company, 10,001+ employees
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
- Tight integration with SAP backend ERP system
- Universal Journal
- Compliance Management
- The think and thin ledger handling
- Regulatory compliance need
For the reconciliation needs, SAP for banking is well integrated for core financial reconciliations part, whereas for other compliances like regulatory framework, etc. it might need to depend on the third-party solutions like BlackLine, banks, etc. Many organizations also develop in-house products to meet the reconciliation needs of the organization.
- 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
SAP is a more connected and integrated product with a well-defined innovation roadmap. It is garnering more advantages compared to the other products, highly around its HANA architecture, universal journal, ECO-system connectivity, BTP platform for easy integration, in-built AI (Artificial Intelligence) /ML (Machine Learning) components, etc. with industry-specific solutions.