Ellucian Banner Finance vs Ellucian PowerCampus Financial Aid

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.

Ellucian PowerCampus Financial Aid automates financial aid processing for educational institutions and is designed to help them manage aid and meet federal requirements. The customizable system uses College Board PowerFAIDS and can track applications, maintain student records, calculate budgets, analyze need, and prepare individual or batch award packages. It can process and disburse funds, handle federal data, and generate financial aid emails, letters and customized reports. Compliance support includes processing ISIR and College Board CSSProfile data, FISAP reporting, FM Calculation, Pell Schedule updates and NSLDS transfer monitoring updates; Ellucian also lists PowerCampus support for 1098-T tuition statement reporting. Students can use the companion PowerFAIDS Net Partner portal to update profiles, accept or decline awards, and view application status, awards, messages and aid information. Ellucian describes web-enabled access on a Microsoft platform and lists cloud deployment. The product is aimed at small to mid-sized colleges and universities. Pricing is available on request.