Average Ratings

19 Reviews
  • 4 / 5
    Overall
  • 3.5 / 5
    Ease of Use
  • 4 / 5
    Customer Service

Product Details

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About Banner Finance

Finanacial management ERP solution that enables higher education institutions to access and manage their financial information, automate all financial processes, monitor budget and grant-related activity.


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Banner Finance Features

  • Budgeting & Forecasting
  • Cash Management
  • Consolidation / Roll-Up
  • Currency Management
  • Financial Reporting
  • Investment Management
  • Project Management
  • Revenue Recognition
  • Risk Management
  • Tax Management

Banner Finance Reviews Recently Reviewed!


Ellucian works well as a student information system.

Apr 13, 2018
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: The software houses all of our student information and IT finds securing the database reasonable for higher education. Though Ellucian, we are able to recruit, register, and maintain financial aid records for students. Our HR office also uses it to house employee and faculty information.

Cons: Many of the screens take excessive commands to get through. There are three or four extra steps every time you want to pull a transcript, run an evaluation, or register a student for classes.

Great for recruiting nor for admissions

Apr 09, 2018
4/5
Overall
2 / 5
Ease of Use
3 / 5
Features & Functionality
1 / 5
Customer Support
2 / 5
Value for Money
Likelihood to Recommend: 3.0/10 Not
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Pros: This is a great tool for recruiting. It can send out emails and invites to different events. It can keep track and store records, it has great potential.

Cons: We were promised that this tool would streamline the admissions process and make it so that our school would only need to have one application. This was a promise that this program could not and has not been able to keep.

Its one of the unique software and services to higher education colleges, Institutions.

Mar 29, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: A Very unique software used to higher education institutions. A lot of data management from Human Resources, Student records, Accounts Receivable & Payable. Very easy to handle the software.

Cons: Too much to learn about this software and some times runs very slowly as per system configuration. .

Banner is a fantastic data management tool.

Mar 22, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: It's a rock-solid application that you can count on. That in and of itself is a huge deal. It works, has minimal bugs, and is the backbone of how we manage our data.
When other applications are having a problem or we have a data integrity question, we often say "What is it in Banner?" because we know it will be correct there.

Cons: It can be a little scary at first to new users, which I can speak to from experience. But the new interface is definitely helping with that.
I would also love to see Ellucian develop a proper higher-education CRM tool. We had to go with another vendor because we needed something more comprehensive than what Banner could offer (Application Reviewing, Events Management, etc).
I think Ellucian is missing out on a huge financial opportunity and could take a massive chunk out of the Higher Ed CRM market if they were to develop one.

Recruit

Mar 18, 2018
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
2 / 5
Value for Money

Pros: Implementation of Recruit allowed us to upload applications from a csv file. Our previous software did not have this capability.

Cons: It doesn't work as well as ellucian told us it would. The functionality and communication to our CMS does not work well. The implementation also took much longer than expected.

Financial Management

Mar 16, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money

Pros: This software provides great financial management for the demands of Higher Educational needs. It is easy and user friendly.

Useful for Accounts Receivable invoicing and review.

Mar 16, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money

Pros: The software is easy to navigate to enter Accounts Receivable billings and review account balances.

Use this for University student records, receiving payments, accounts Payables, P/R and financials.

Feb 13, 2018
2/5
Overall
2 / 5
Ease of Use
2 / 5
Features & Functionality
2 / 5
Customer Support
2 / 5
Value for Money
Likelihood to Recommend: 1.0/10 Not
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Pros: Contains a lot of integrated and complex data. From Human Resources, Student Records and Services, Payroll, Accounts Payable, Accounts Receivable all in one softward

Cons: so NOT intuitive or user friendly. We have to have a whole IT department just overseeing the functionality of this software. Users are frustrated in each area - Payroll, Accounts Payables, Student Services... no one seems to feel the software was created for their unique purposes. We keep trying to find the department that loves it...

Overall: With angst and time we get what we need from it.

This software can be confusing to use if you are a first time user.

Feb 06, 2018
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
3 / 5
Customer Support
3 / 5
Value for Money

Pros: Once you get familiar with this software, it can be user friendly. There are allot of things to learn but once you have mastered them you can achieve some great results on the web.

Cons: It is difficult to use as there is so much to learn and know. My institution is constantly holding training's to help people

Not very user friendly and when told the system will do something, it actually will not.

Nov 07, 2017
3/5
Overall
2 / 5
Ease of Use
2 / 5
Features & Functionality
3 / 5
Customer Support
2 / 5
Value for Money
Likelihood to Recommend: 3.0/10 Not
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Pros: It is hard to say because we have had issues with getting the system to do what we need it to, but I do like that it will create a positive pay file for manual checks.

Cons: It won't do some of the basic things for financials that I as an accounts payable person feel that the system should do.

I work with one module for the software and they have a great network for help.

Aug 22, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Very functional and customizable to your school. We get the opportunity to let the company know what we want in the software and they usually update to meet the various schools needs. Very aware of all federal guidelines and requirements.

Cons: Training for use of the module or processes would be nice when something new is implemented. Several screens and options are usually available with short descriptions.

Overall: The Ellucian software is very helpful in keeping our school on track and making it easier for the student to navigate Admissions to registration to financial aid to graduation.

It provides the system I need to organize my work.

Aug 08, 2017
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: It is comprehensive. It provides the ability to digitally organize any information we could possibly need.

Cons: It is not intuitive. It is requires several weeks of use to fully understand it's capability, and if you need to figure out how to do a particular function, it can be almost impossible to figure it out unless there is someone to tell you.

The Colleague Self-Service offerings are causing excitement with our students.

Aug 08, 2017
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: The Colleague Self-Service Faculty view offers rosters, midterm and final grade entry. Our faculty are so impressed with this new functionality they would fight to keep from losing it.

Cons: Ellucian is difficult to get to respond to issues. I have been working with the Ellucian Cloud testing and it has taken months to accomplish what should have taken days.

Overall: It is our school ERP.

Great Program, has everything I need to get my job done.

Jul 19, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: I like the search capability and ease to look up any entity. I also like the ability to have all the information on an entity in one place.

Cons: Sometimes there is a lot of duplicate information, I wish there was a way to minimize that or to catch it before some information gets entered twice.

Overall: Ability to store a lot of information

Great software!!! Easy to use and always updating?

Jun 07, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support

Pros: Lots of stuff! Love the new self service!! The innovation of Ellucian is amazing!!! They are helpful !!

Cons: Sometimes the cost are high for new products and innovations, but I understand they allot of work is done on their behalf.

Use HR module on daily basis

May 18, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: the support for Ellucian is awesome. It took a while to learn how to use Colleague but once I learned my area, it was very useful.

Cons: it's not intuitive. I wish there was a training that new employees could go to in their area to learn about the Colleague product to help understand how the change I make affects others.

Awesome for studying

Mar 08, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: makes learning fast

Cons: pro version is too expensive for an average student

Overall: very useful app for learning. Definitely recommended everyone. Especially if u are having troubles with passing exams.

Higher Ed and Ellucian

Feb 14, 2017
4/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
3 / 5
Value for Money

Pros: offers multiple products gives great support

Cons: Cost: is more costly than some of its competitors
Deployment of newer products to end users could be smoother

Overall: As for an ERP it works they continually develop products that do well but then should have been tested or better yet more thought should have been thought through before deploying to customers.

Recommendations to other buyers: Company does have good products and has been around a while but it feels like there is constant change over within the company.

Colleague as an ERP

Oct 14, 2016
4/5
Overall
3 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Mobile friendly self service
Integration through Ellucian XE
Active user community on Ellucian's eCommunities social media platform

Cons: Reporting. Expect to spend money on a reporting tool.

Overall: Colleague is an overall great product. Ellucian has been working hard to improve Colleague's features and functionality, especially on the Self-Service platform. This work has kept them at the front edge of innovation with responsive design that allows your constituents serve themselves from any device. This takes pressure off of administrative staff so they can focus on quality support to your students.

Ellucian does a good job at being connected to their customers and understanding the constantly changing needs in the academic world. They hold focus groups, beta testing groups to allow the engaged community of customers to provide input, and it shows in the quality of the newer products they have created.