CDM+ vs Ellucian Banner Finance

CDM+ is fund-accounting and management software for nonprofit and faith-based organizations. Its accounting includes a fund-accounting general ledger, unlimited accounts, budgeting, bank reconciliation, and customizable reporting. Organizations can track designated and undesignated funds, transfers, expenses, and multiple entities; ledger activity has an unchangeable audit trail. Other capabilities include clergy payroll, electronic 1099 filing, online invoice payments by card or ACH, and receipt submission through the mobile app. Data Hosting comes with every plan and provides continuous database access, secure off-site daily backups, and automatic server upgrades. Plans start at $25 per month for one program and one user. SaaS subscriptions are paid monthly through automatic ACH withdrawals; annual payment is unavailable. Starter and Grow plans limit Individual and Giving Unit records, while Complete includes every program and unlimited concurrent user licenses. The product offers desktop software, Apple, Google, and Amazon mobile apps, and an API. Support is available by phone and email during weekday business hours.

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.