HORIZON Financial Suite vs. SAP for Banking

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
HORIZON Financial Suite
Score 9.0 out of 10
N/A
CGI headquartered in Montreal offers the HORIZON Financial Suite, a core banking platform.N/A
SAP for Banking
Score 8.3 out of 10
N/A
SAP offers banking software, with a wide range of features for customers of retail and commercial banks, featuring mobile and online self-service support, and on the institution side revenue, performance and risk management, along with payment processing and loan management.N/A
Pricing
HORIZON Financial SuiteSAP for Banking
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
HORIZON Financial SuiteSAP for Banking
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
HORIZON Financial SuiteSAP for Banking
User Ratings
HORIZON Financial SuiteSAP for Banking
Likelihood to Recommend
9.0
(0 ratings)
6.9
(0 ratings)
User Testimonials
HORIZON Financial SuiteSAP for Banking
Likelihood to Recommend
Well suited for our customer facing positions but less for our payroll team
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SAP [needs] a UI upgrade soon - it is getting difficult to operate, especially when huge transactions are involved. SAP's mobile application however gives easy access to data and we can address and search it when needed. This also helps to provide appropriate information to customers and I can update the transaction details on the go.
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Pros
  • Easy to navigate
  • Allows for comparison between accounts easily
  • Imports run smoothly
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  • Multi Deposit Management
  • Credit & Loan Management
  • Access Live Data
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Cons
  • Search functions are not very user friendly when trying to find a GL account
  • Transactions History is hidden amongst other dropdowns
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  • The think and thin ledger handling
  • Regulatory compliance need
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Alternatives Considered
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Direct banking-related software is not used but within [the] company, SAP is being used to interface with the Banking system.
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Return on Investment
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  • 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.
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ScreenShots