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
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?
Yes
Are you happy with SAP for Banking's feature set?
Yes
Did SAP for Banking live up to sales and marketing promises?
Yes
Did implementation of SAP for Banking go as expected?
I wasn't involved with the implementation phase
Would you buy SAP for Banking again?
Yes