TrustRadius

SAP for Banking vs. Watchtower

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
Watchtower
Score 8.0 out of 10
N/A
N/A
$24,000
per year
Pricing
SAP for BankingWatchtower
Editions & Modules
No answers on this topic
Basic
$24,000
per year
Offerings
Pricing Offerings
SAP for BankingWatchtower
Free Trial
NoYes
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 BankingWatchtower
Considered Both Products
SAP for Banking
Verified User
Anonymous
Chose SAP for Banking
I ll recommend SAP for Banking or other accordingly to the size of the company, if you are part of a global company and you need to have access to the big picture & All your assets then this is the right tool, if you have a small company or Fintech then you can work on an open …
Verified User
Anonymous
Chose SAP for Banking
Direct banking-related software is not used but within [the] company, SAP is being used to interface with the Banking system.
Verified User
Anonymous
Chose SAP for Banking
While Oracle is easy to use and UI is much friendly but not as robust as SAP and we saw some pitfalls in data integration and bit difficult to plug in external data analytic tools, but SAP banking provides easy way to integrate with multiple data analytic tools which is easy …
Verified User
Anonymous
Chose SAP for Banking
SAP is a more connected and integrated product with a well-defined innovation roadmap. It is garnering more advantages compared to the other products, highly around its HANA architecture, universal journal, ECO-system connectivity, BTP platform for easy integration, in-built AI …
Watchtower

No answer on this topic

User Ratings
SAP for BankingWatchtower
Likelihood to Recommend
6.9
(0 ratings)
-
(0 ratings)
User Testimonials
SAP for BankingWatchtower
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
Read full review
No answers on this topic
Pros
  • Multi Deposit Management
  • Credit & Loan Management
  • Access Live Data
Verified User
Anonymous
Read full review
No answers on this topic
Cons
  • The think and thin ledger handling
  • Regulatory compliance need
Verified User
Anonymous
Read full review
No answers on this topic
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
Read full review
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
Read full review
No answers on this topic
ScreenShots