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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
January 14, 2022

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

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

Overall Satisfaction with SAP for Banking

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.
  • 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.

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

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.