IBP vs. SAP for Banking

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
IBP
Score 5.1 out of 10
N/A
N/A
$175,000
one-time fee
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
IBPSAP for Banking
Editions & Modules
Basic
$175,000
one-time fee
No answers on this topic
Offerings
Pricing Offerings
IBPSAP 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
IBPSAP for Banking
User Ratings
IBPSAP for Banking
Likelihood to Recommend
-
(0 ratings)
6.9
(0 ratings)
User Testimonials
IBPSAP for Banking
Likelihood to Recommend
No answers on this topic
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
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  • Multi Deposit Management
  • Credit & Loan Management
  • Access Live Data
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Cons
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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