SAP for Banking vs. Validis

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.

Incentivized

Well suited when the accountant is dealing with large data sets.

Incentivized

• Multi Deposit Management
• Credit & Loan Management
• Access Live Data

Incentivized

• Normalizes data sets.
• Building foundational set of audit workpapers.
• Saves auditors time in manual tasks associated with obtaining data.

Incentivized

• The think and thin ledger handling
• Regulatory compliance need

Incentivized

• To have access all the features, the cost may be high for a small company.
• Client support not in French.

Incentivized

Direct banking-related software is not used but within [the] company, SAP is being used to interface with the Banking system.

Incentivized

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.

Incentivized

• 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.

Incentivized

• Smarter and faster decisions.
• Drive operational efficiency.
• Delivering Hight quality and effective audit reports.
• Auto-calculation of financial ratios.

Incentivized