Ellucian Banner Finance is a cloud financial management system for higher education institutions, giving finance departments access to data across procurement, general ledger, finance operations, accounts payable, fixed assets, internal stores, journal entries, budget development, sponsored research accounting, endowment management, and accounts receivable. Its Research and Grants module supports work from an initial proposal through project close, presents grant data, produces federal reports including the Federal Financial Report, and provides a grants ledger that can operate beyond fiscal year end. For staff self-service, My Finance Query offers spend analysis dashboards, saved queries, and query sharing; My Requisitions supports creating and tracking requisitions; and My Journals supports processing and managing journal vouchers. Secure mobile access provides financial information and personalized self-service views. The product is available through Android, iOS, and web platforms. Named integrated applications include Ellucian Spend Management powered by Chrome River, Ellucian Analytics, Ellucian Workflow, Ellucian CRM Advance, and Banner Document Management. It also provides higher education financial statement regulatory reports for GASB and FASB, and supports budget-versus-actuals analysis. Ellucian was founded in 1986 and is headquartered in Reston, Virginia, United States. Pricing is available on request, and Ellucian invites prospective customers to request a demo.
Who it is for
Banner Finance is designed for higher education finance departments managing budgets, procurement, accounting, grants, and endowments. Its self-service tools also suit institutional staff who need to understand budget balances or available transactional spend without specializing in finance.
What is good
- Covers core finance, procurement, grants, and endowment processes.
- Research and Grants supports work from proposal through project close.
- My Finance Query includes dashboards, saved queries, and query sharing.
- Provides secure mobile access and self-service views.
- Includes financial statement reporting for GASB and FASB.
What to know first
- Pricing is available on request, so buyers must contact Ellucian.
- Designed for higher education institutions and their financial processes.
Verdict
Consider Banner Finance if a higher education institution needs finance operations, grant accounting, and staff self-service in a cloud system. Buyers seeking a published price should look elsewhere or request a demo from Ellucian to discuss pricing.
Get started with Ellucian Banner Finance
- Visit Ellucian's Banner Finance product page.
- Request a demo from Ellucian.
- Discuss pricing and the institution's finance needs with Ellucian.
- Access the cloud product through web, Android, or iOS.
Limits to know first
Pricing is on request. The product sheet does not state a free plan or free trial.
Questions about Ellucian Banner Finance
How much does Ellucian Banner Finance cost?
Pricing is on request. Ellucian's product call to action is to request a demo.
Is there a free plan or trial?
The product sheet does not state a free plan or free trial.
Which platforms does Banner Finance support?
It is listed for Android, iOS, and web, with cloud deployment.
What kinds of finance work does it cover?
Its core processes include procurement, general ledger, accounts payable, fixed assets, budget development, sponsored research, endowment management, and accounts receivable.
Does it support grant management?
Yes. Research and Grants supports work from proposal through project close, produces federal reports including the Federal Financial Report, and includes a grants ledger that can operate outside fiscal year end.
Which applications are listed as integrations?
Named applications include Ellucian Spend Management powered by Chrome River, Ellucian Analytics, Ellucian Workflow, Ellucian CRM Advance, and Banner Document Management.
Ellucian Banner Finance plans and pricing
All plansCompared on fund accounting software
- Grant management
- Yes
- Budget vs. actuals
- Yes
- Deployment
- cloud
