Tech riderRev. 7 Oct 2026

Ellucian Banner Finance

Ch 216.6of 69Fund Accounting Software

1Runs onAndroid, iOS, Web
2Grant managementYes
3Budget vs. actualsYes
4Deploymentcloud

4 lines stated Written from the maker's own pages: ellucian.com

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Overview

Ellucian Banner Finance is a cloud financial management system for higher education institutions. It covers procurement, general ledger, finance operations, accounts payable, fixed assets, internal stores, journal entries, budget development, sponsored research accounting, endowment management, and accounts receivable. The Research and Grants module supports grant work from initial proposal through project close, consolidates grant information, produces federal reports including the Federal Financial Report, and provides a grants ledger that can operate beyond fiscal year end. Staff can use My Finance Query for spend analysis dashboards, saved queries, and query sharing; My Requisitions to create and track requisitions; and My Journals to manage journal vouchers. Secure mobile access provides financial information and personalized self-service views, alongside web access. Listed integrations include Ellucian Spend Management powered by Chrome River, Ellucian Analytics, Ellucian Workflow, Ellucian CRM Advance, and Banner Document Management. The product also provides higher education financial statement reports for GASB and FASB. Pricing is on request; the product sheet does not list a free plan or trial.

Who it is for

Banner Finance is designed for higher education finance departments. Its self-service tools also support staff without finance specializations who need to understand budget balances and available transactional spending.

What is good

Covers a broad set of higher education financial processes.
Supports grants from proposal through project close.
Provides My Finance Query, My Requisitions, and My Journals.
Offers secure mobile financial access.
Includes GASB and FASB financial statement reporting.

What to know first

Pricing is available on request.
No free plan or free trial is listed.
SaaS security responsibilities are shared with customers.

Verdict

Banner Finance brings higher education financial processes, grant management, and self-service tools into a cloud product. Institutions will need to request pricing and account for shared SaaS security responsibilities.

Ellucian Banner Finance plans and pricing

All plans

Ellucian Banner Finance 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