Ellucian Banner Finance vs Tyler New World ERP

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.

Tyler New World ERP is cloud-deployed financial and administrative software for cities, counties, schools, and other public organizations. It covers government financial management, revenue collection, workforce administration, and internal productivity. Finance functions include fund accounting, budgeting, purchasing, receivables, cash receipting, project accounting, grants, and work order management. The brochure describes more than 100 standard government financial reports, drill-down inquiries, electronic approvals, and workflow tools for automating imports and reducing data entry.

The software integrates with Microsoft Excel and Outlook, and can connect with Tyler Time & Attendance to reduce duplicate entry between timekeeping and payroll. New World eSuite gives citizens, vendors, businesses, and employees online access to services including procurement, HR self-service, public records, and bill payment. Tyler also describes community development software for land use planning, permitting, enforcement case management, and inspections, with access from an office computer or a screen in the field. Platforms listed are web and Windows. Pricing is on request.