TrustRadius

SAP for Banking vs. Symitar

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
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
Symitar
Score 8.0 out of 10
N/A
Jack Henry's Credit Union Core Platform, Symitar, is presented as an ecosystem for credit unions that helps them to grow membership. It aims to give members an intuitive experience across all channels with a core platform that is dynamic, comprehensive, scalable, and customizable. And the use can create enhancements, develop interfaces to third-party systems, and decide whether the cloud or in-house hosting is right for the organization.N/A
Pricing
SAP for BankingSymitar
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
SAP for BankingSymitar
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
SAP for BankingSymitar
User Ratings
SAP for BankingSymitar
Likelihood to Recommend
6.9
(0 ratings)
8.0
(0 ratings)
User Testimonials
SAP for BankingSymitar
Likelihood to Recommend
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.
Ayush Seth | TrustRadius Reviewer
Ayush Seth
Deputy Manager
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The system is quick and easy to use for our front-line staff allowing them to serve our members extremely fast. Additional functionality n some modules would allow us to move off some third party vendors and do it within the existing system.
CL
Chico Lusby
VP Technology
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Pros
  • Multi Deposit Management
  • Credit & Loan Management
  • Access Live Data
Verified User
Anonymous
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  • quick and easy access to member accounts.
  • integrations with 3rd party vendors to enhance our member service experience.
  • online, mobile banking and shared branching integration allowing us to serve our members anywhere in the world.
CL
Chico Lusby
VP Technology
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Cons
  • The think and thin ledger handling
  • Regulatory compliance need
Verified User
Anonymous
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  • Business services modules do have everything we would like.
  • Collections modules do not have everything we would like.
  • A way to allow users to update their software without them having to have local administrative rights.
CL
Chico Lusby
VP Technology
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Alternatives Considered
Direct banking-related software is not used but within [the] company, SAP is being used to interface with the Banking system.
Verified User
Anonymous
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No answers on this topic
Return on Investment
  • 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.
Verified User
Anonymous
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  • It has allowed us to grow from a less than 500 million dollar in asset size credit union to a 2 billion dollar is asset size credit union over the past 20 years.
  • Growth is asset size achieved without sacrificing member service.
  • With our focus on member service and the usage of the system, we have seen continuous growth in our membership every year.
CL
Chico Lusby
VP Technology
Read full review
ScreenShots