Boomi is a cloud-based, on-premise, or hybrid integration platform. It offers a low-code/no-code
interface with the capacity for API and EDI connections for integrating with external organizations and
systems, as well as compliance with data protection regulations.
$550
per month
Fiserv Wealth Management Network
Score 8.0 out of 10
N/A
The Wealth Management Network from Fiserv is an expansive networks of managed account data and connectivity. It brings together asset managers and sponsors to perform all necessary business functions to support the industry. The Network includes messaging services, information exchange, and managed account data services.
N/A
Pricing
Boomi
Fiserv Wealth Management Network
Editions & Modules
Boomi
$550
per month
No answers on this topic
Offerings
Pricing Offerings
Boomi
Fiserv Wealth Management Network
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Boomi
Fiserv Wealth Management Network
Features
Boomi
Fiserv Wealth Management Network
Cloud Data Integration
Comparison of Cloud Data Integration features of Product A and Product B
Dell Boomi is well-suited as a middleware to talk between systems. I am a personal fan of Dell's products and I enjoy this service. Dell Boomi is very easy to use, even to the less technically-inclined user. It is less appropriate to use in one system alone, but users would still find it functional in one system alone because it helps manage the system's metadata and allows that system to be integrated with other systems in the future.
They offer almost every single thing a financial institution would need for their core business allows you to save quite a bit of money by bundling everything together. Fiserv has greatly increased the speed in which they roll out new banking product. From a banking software platform, they are the best in the business.
More from a development perspective. It is always difficult to use the properties features. It takes a while to understand how the data/variables can be used across an integration.
Dell Boomi should also invest more on API Management and not just seen as a ETL,ESB tool.
Should roll out features more often based on users reviews.
Cost ... it's definitely not the cheapest option out there. the way pricing is itemized and a separate upcharge for each add-on gets annoying. They can probably bundle things a little better and offer a discount on the bundled products
the volume of system updates and changes is nauseating at times and we have to prepare and test accordingly every time there is a scheduled update. that takes up a lot of resources; quarterly updates to products would be much easier.
more responsive support and ideally more stable support engineers ... it seems like turnover is high in their support roles and that impacts customer success and MTTR.
Dell Boomi has provided us with the ability to connect our campus together using our various existing platforms. There are many supported features and have yet to run into something that we cannot do. Its user interface is very intuitive which would allow users to begin developing fairly easily. There is a myriad of resources available
First of all, as a service (cloud service), we don't need to care about server maintenance any more, no worries about incorrect configurations, about down time. Second, for maintaining, we don't need a large team to do it. And of course, using Dell Boomi instead of manual transaction could help us to avoid people mistake while inputting data or doing transactions.
I would rate Dell Boomi as highly performant. We have used it for 4+ years and have not had any major issues with availability or speed. We also have not observed performance degradation when connecting it with other software solutions.
Boomi support was responsive and knowledgable, however being a closed cloud service, it doesn't have good community support. We found the learning curve to be steep and there aren't avenues like google, forums, or blogs that provide community driven insight into the product or how to go about designing solutions using the tool
MuleSoft and Boomi are built on totally different frameworks. Mulesoft is an API-led network whereas Boomi is an ETL middleware approach. In easy words, Mulesoft can connect to several apps and business units, can create and reuse multiple components. Boomi offers only on-premise and on-cloud integration solutions whereas MuleSoft is capable of providing on-premise, on-cloud as well as hybrid solutions. We can say that MuleSoft is much more flexible and offers multiple integration solutions.
I can't name any other competitors that we considered because I have signed multiple NDAs that prohibit me from doing so. I can say that the decision to go with Fiserv WMN was in large part because we have other Fiserv Products and as a result, we already have a strong established relationship with Fiserv (and First Data for that matter, before they were acquired by Fiserv)
ROI was flat. Coding directly in apps we were knowledgable in would have been faster, but maintenance higher.
It brought good process to the integration team that was new, however I wouldn't say it was a huge gain monetarily. It is a valid path out of many paths for integration, but doesn't rule them all.
Speed of service is greatly improved across partners. I believe our MTTR for service requests has improved by 30-40%
Standardized platform for our staff which translates to better retention and a lower training effort.
Cost is the negative impact ... it goes without saying that using Fiserv is much more expensive to the manual alternative which is very human resource intensive but low cost. But that's to be expected ...we're just trading time for money.
