Ellucian Banner Finance

iPhone + Android

7.1No. 8 of 69
in Fund Accounting Software

Recognised40% of the score20
Phone app26% of the score100
Documented20% of the score74
Free plan14% of the score30

Free plan: No
Runs on: Android, iPhone, Web

Summary

Ellucian Banner Finance is a cloud financial management system for higher education institutions, with access to financial information across procurement, accounts payable, general ledger, fixed assets, sponsored research, and endowment management. Its broader processes also cover finance operations, internal stores, journal entries, budget development, and accounts receivable. The Research and Grants module follows grant work from proposal through close, provides a consolidated view of grant data, supports federal reporting such as the Federal Financial Report, and can keep its ledger operating beyond fiscal year end. Staff self-service tools include spend dashboards and saved or shared queries, requisition creation and tracking, and journal voucher management. The product provides secure mobile access and personalized self-service views, as well as web access. It supports budget-versus-actuals and grant management, and offers financial statement reporting for standards including GASB and FASB. Pricing is available on request; the listed call to action is to request a demo.

Who it is for

It is designed for institutional finance departments and also gives non-finance staff tools to understand budget balances and available spend. It may suit higher education organizations managing grants, budgets, and financial workflows.

What is good

Grant work tracked from proposal through project close
Grants ledger can operate outside fiscal year end
Self-service tools for queries, requisitions, and journals
Secure mobile access and personalized views
GASB and FASB financial statement reporting

What to know first

Pricing is available only on request
SaaS security responsibilities are shared with customers

Verdict

Banner Finance brings higher education financial processes, grant accounting, and staff self-service into a cloud product. Organizations considering it will need to request pricing and account for shared SaaS security responsibilities.

Ellucian Banner Finance plans and pricing

All plans

Ellucian Banner Finance Not published Pricing not stated; contact Ellucian for a demo ellucian.com · 7 Oct 2026

Compared on fund accounting software

Grant management: Yesellucian.com
Budget vs. actuals: Yesellucian.com
Deployment: cloudellucian.com

Facts

Purpose: Banner Finance provides higher education institutions with real-time access to financial data, from procurement and accounts payable to sponsored research and endowment management.ellucian.com · 7 Oct 2026
Self-service: My Finance Query provides spend analysis dashboards, saved queries, and query sharing; My Requisitions supports creating and tracking requisitions; and My Journals supports processing and managing journal vouchers.ellucian.com · 7 Oct 2026
Mobile access: The product provides secure mobile access to financial information and personalized self-service views via mobile devices.ellucian.com · 7 Oct 2026
Integrations: The sheet lists Ellucian Spend Management powered by Chrome River, Ellucian Analytics, Ellucian Workflow, Ellucian CRM Advance, and Banner Document Management as integrated applications.ellucian.com · 7 Oct 2026
Reporting standards: The product provides higher education regulatory reports for financial statements such as GASB and FASB.ellucian.com · 7 Oct 2026
Target users: The product is designed for institutional finance departments and also offers tools for staff who do not specialize in finance to understand budget balances and available transactional spend.ellucian.com · 7 Oct 2026
Security compliance: Ellucian says its cloud services are ISO 27001:2022 certified and that customer-accessible audit reports include SOC 1, SOC 2 Type II, and SOC 3; SaaS security responsibilities are shared with customers.ellucian.com · 7 Oct 2026
Support and updates: Ellucian says its cloud security systems are monitored 24/7 and that it maintains an incident response plan.ellucian.com · 7 Oct 2026
Pricing and trial: The product sheet does not state a price, free plan, or free trial; Ellucian’s listed product call to action is to request a demo.ellucian.com · 7 Oct 2026