SAP for Banking - an integrated industry solutions with next-gen innovations
December 14, 2021

SAP for Banking - an integrated industry solutions with next-gen innovations

Anonymous | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User

Overall Satisfaction with SAP for Banking

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
  • 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.

Do you think SAP for Banking delivers good value for the price?


Are you happy with SAP for Banking's feature set?


Did SAP for Banking live up to sales and marketing promises?


Did implementation of SAP for Banking go as expected?

I wasn't involved with the implementation phase

Would you buy SAP for Banking again?


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.