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SAP Banking at glance at high level overview
December 23, 2021

SAP Banking at glance at high level overview

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with SAP for Banking

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.
  • 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.

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?

Yes

Would you buy SAP for Banking again?

Yes

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.