Ellucian Banner Finance is a cloud financial system for higher education, giving institutions access to data across procurement, accounts payable, general ledger, finance operations, fixed assets, internal stores, journal entries, budget development, sponsored research accounting, endowment management and accounts receivable. Its Research and Grants module covers grant work from proposal through project close, brings grant data together, supports federal reporting including the Federal Financial Report, and can keep its grants ledger operating outside fiscal year end. Staff can use My Finance Query for spend dashboards, saved queries and query sharing; My Requisitions to create and track requests; and My Journals to manage journal vouchers. Secure mobile access offers financial information and personalized self-service views, alongside web access. The product supports budget-versus-actuals analysis and grant management, and provides higher education financial statement reports for GASB and FASB. It lists integrations including Ellucian Analytics, Ellucian Workflow and Banner Document Management. Pricing is available on request.
Who it is for
It suits institutional finance departments at higher education institutions. Self-service tools also support staff without finance specialization who need to understand budget balances and available transactional spending.
What is good
- Grant workflows span proposal through project close.
- Provides GASB and FASB financial statement reports.
- Self-service tools cover queries, requisitions and journals.
- Available on Android, iOS and the web.
What to know first
- Pricing is available on request.
- SaaS security responsibilities are shared with customers.
Verdict
Banner Finance brings higher education finance processes, grant accounting and staff self-service into one cloud product. Institutions should note that pricing requires a request and SaaS security responsibilities are shared.
Ellucian Banner Finance plans and pricing
All plansCompared on fund accounting software
- Grant management
- Yes
- Budget vs. actuals
- Yes
- Deployment
- cloud
