Oracle FLEXCUBE vs. Validis

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Oracle FLEXCUBE
Score 8.3 out of 10
N/A
Oracle's FLEXCUBE is a system for banks featuring customer self-service portals, revenue maximization features and some inbuilt marketing features.N/A
Validis
Score 10.0 out of 10
N/A
Validis in the UK offers a platform for fast and compliant data collection to aid lenders to small businesses in making loan decisions.N/A
Pricing
Oracle FLEXCUBEValidis
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Oracle FLEXCUBEValidis
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
Oracle FLEXCUBEValidis
User Ratings
Oracle FLEXCUBEValidis
Likelihood to Recommend
8.8
(0 ratings)
10.0
(0 ratings)
Support Rating
2.5
(0 ratings)
-
(0 ratings)
User Testimonials
Oracle FLEXCUBEValidis
Likelihood to Recommend
Oracle FLEXCUBE is fantastic in almost all areas of banking from retail banking to corporate banking to Islamic banking. The technology stack it runs on is also brilliant however it will be of great help if the installation process is simplified to reduce the time to market during implementation. Also with regards to integrations, there should be more materials readily available for the non-standard integrations like the process of clearing files from ATM/POS
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Well suited when the accountant is dealing with large data sets.
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Pros
  • Retail banking.
  • API integration.
  • Customization flexibility.
  • User experience.
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  • Normalizes data sets.
  • Building foundational set of audit workpapers.
  • Saves auditors time in manual tasks associated with obtaining data.
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Cons
  • It is utterly non-intuitive and not user-friendly for the front-end user. This applies to v.11.
  • Customization, though reliable, is costly.
  • Millennials have a hard time to adapt to it given that they are used to the intuitive app world.
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  • To have access all the features, the cost may be high for a small company.
  • Client support not in French.
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Support Rating
Implementation support being done by an Oracle partner with less care than Oracle's resource. Most of the resources from the partner are weak in knowledge and we need a longer time to resolve fixes.
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Alternatives Considered
One of the main reasons to choose the software is to maintain the pre-existing relationship, product functionality, performance, and strong services.
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We selected this software because it has developed the smartest accounting technology available in the market today. It calculates and assembles our data automatically and sends it to our reports with clear, complete, and actionable data we share with our financial partners.
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Return on Investment
  • A little bit of high-cost investment in both hardware and license
  • High maintenance cost
  • Even at the high cost it has the capacity and allows the bank to integrate with other systems and enable us to go into the Cambodian market faster.
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  • Smarter and faster decisions.
  • Drive operational efficiency.
  • Delivering Hight quality and effective audit reports.
  • Auto-calculation of financial ratios.
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ScreenShots