Ellucian Banner vs. Workday Financial Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Ellucian Banner
Score 5.7 out of 10
N/A
Ellucian offers Banner educational ERP, including its student management system emphasizing control and reporting of process-oriented facets of education such as grading and attendance.N/A
Workday Financial Management
Score 8.2 out of 10
N/A
Workday Financial Management is a native cloud solution built on a global foundation designed to enable accounting teams to operate with greater productivity, superior insights, and adapt to changing business needs. Its AI embedded features improve financial business processes like record to report and opportunity to cash while strengthening internal controls, and enabling consistency across global operations. Powered by an in-memory architecture and object data…N/A
Pricing
Ellucian BannerWorkday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Ellucian BannerWorkday Financial Management
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Ellucian BannerWorkday Financial Management
Features
Ellucian BannerWorkday Financial Management
Student and Faculty Administration
Comparison of Student and Faculty Administration features of Product A and Product B
Ellucian Banner
8.5
8 Ratings
4% above category average
Workday Financial Management
-
Ratings
Integrations with 3rd-Party Education Technology7.98 Ratings00 Ratings
Online Registration Management8.97 Ratings00 Ratings
District Communications, such as messaging and alerting8.94 Ratings00 Ratings
Roster Management8.56 Ratings00 Ratings
Platform Customization8.16 Ratings00 Ratings
Teacher Self-Service8.86 Ratings00 Ratings
Student Data Security8.67 Ratings00 Ratings
Community Support8.66 Ratings00 Ratings
Class Scheduling8.67 Ratings00 Ratings
State and National-level Reporting9.27 Ratings00 Ratings
Compliance Support8.96 Ratings00 Ratings
Teacher and Parent Mobile Application7.25 Ratings00 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Ellucian Banner
-
Ratings
Workday Financial Management
8.1
22 Ratings
10% above category average
Pay calculation00 Ratings8.322 Ratings
Benefit plan administration00 Ratings8.119 Ratings
Direct deposit files00 Ratings8.019 Ratings
Customization
Comparison of Customization features of Product A and Product B
Ellucian Banner
-
Ratings
Workday Financial Management
8.1
19 Ratings
9% above category average
API for custom integration00 Ratings8.516 Ratings
Plug-ins00 Ratings7.718 Ratings
Security
Comparison of Security features of Product A and Product B
Ellucian Banner
-
Ratings
Workday Financial Management
8.9
24 Ratings
7% above category average
Single sign-on capability00 Ratings9.124 Ratings
Role-based user permissions00 Ratings8.822 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Ellucian Banner
-
Ratings
Workday Financial Management
7.9
26 Ratings
8% above category average
Dashboards00 Ratings7.826 Ratings
Standard reports00 Ratings8.023 Ratings
Custom reports00 Ratings7.921 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Ellucian Banner
-
Ratings
Workday Financial Management
7.7
22 Ratings
0% above category average
Accounts payable00 Ratings7.517 Ratings
Accounts receivable00 Ratings7.317 Ratings
Global Financial Support00 Ratings7.318 Ratings
Primary and Secondary Ledgers00 Ratings7.318 Ratings
Journals and Reconciliations00 Ratings7.615 Ratings
Configurable Accounting00 Ratings7.418 Ratings
Standardized Processes00 Ratings7.919 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Ellucian Banner
-
Ratings
Workday Financial Management
7.2
10 Ratings
10% below category average
Inventory tracking00 Ratings7.510 Ratings
Automatic reordering00 Ratings7.310 Ratings
Location management00 Ratings6.79 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Ellucian Banner
-
Ratings
Workday Financial Management
7.0
10 Ratings
11% below category average
Credit card processing00 Ratings7.010 Ratings
Best Alternatives
Ellucian BannerWorkday Financial Management
Small Businesses

No answers on this topic

Zoho One
Zoho One
Score 9.3 out of 10
Medium-sized Companies
Schoolmint Hero
Schoolmint Hero
Score 9.7 out of 10
Infor VISUAL
Infor VISUAL
Score 7.5 out of 10
Enterprises
Schoolmint Hero
Schoolmint Hero
Score 9.7 out of 10
24SevenOffice
24SevenOffice
Score 9.0 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Ellucian BannerWorkday Financial Management
Likelihood to Recommend
7.4
(21 ratings)
8.4
(26 ratings)
Likelihood to Renew
9.5
(2 ratings)
9.0
(1 ratings)
Usability
8.0
(2 ratings)
9.1
(9 ratings)
Availability
9.0
(1 ratings)
-
(0 ratings)
Performance
9.0
(1 ratings)
-
(0 ratings)
Support Rating
8.0
(5 ratings)
10.0
(5 ratings)
Implementation Rating
8.0
(1 ratings)
-
(0 ratings)
Configurability
8.0
(1 ratings)
-
(0 ratings)
Ease of integration
8.0
(1 ratings)
-
(0 ratings)
Product Scalability
8.0
(1 ratings)
-
(0 ratings)
Vendor post-sale
9.0
(1 ratings)
-
(0 ratings)
Vendor pre-sale
9.0
(1 ratings)
-
(0 ratings)
User Testimonials
Ellucian BannerWorkday Financial Management
Likelihood to Recommend
Ellucian
As a SIS, Banner Pages is the full meal deal. There are multiple modules that integrate out of the box. Because Banner is all I've ever used as a SIS, I can't contrast it with another program. I can say, it gets the job done for us. I will also say that a tremendous amount of time goes into strategizing how to get new functions to work for us and there always seems to be some catch that requires even more work. In general, the university has been hesitant to build too many modifications into Banner because they take a lot of time to maintain. Inevitably, a new update (of which there are MANY for Banner) will break stuff that isn't "vanilla." This is unfortunate because we've had some great ideas for how to make Banner better for us, but also understandable. If you're looking for a highly modular system, this isn't it. Banner has lots of components, but the components work the way they work and that's that. Also, don't expect very quick responses to bugs or glitches. If the bug is major, yes, it will be addressed. But, little function issues seem to be regularly overlooked.
Read full review
Workday
Workday is well suited for managing employees throughout their full life cycle. It excels at housing employee data from the start of their time with the company through their departure. Workday is less suited to payroll functions, which could be more robust.
Read full review
Pros
Ellucian
  • I think it's great to use if you are tracking grades for certain classes, especially if you'd like to see how students do, comparing midterm to final grades. If you have the permissions, you can see both.
  • It's also good to track students individually. You can look up a certain semester, and see how they did in that particular time frame, but you can also see their cumulative gpa, or even look up their entire course history.
Read full review
Workday
  • The flexibility of going beyond handling the accounts, where we can handle cash, assets, and accounting simultaneously for the customer.
  • The single platform offers grants management where you can organize the lifecycle of the grants and synchronize it with any criteria of grant closing out scheme.
  • I personally liked Project billing with the essence of evaluating project revenue and nice reporting templates that can be shared with the customer at any stage of the project while having the flexibility of auditing the reported cost.
Read full review
Cons
Ellucian
  • One thing I miss from the previous version of Ellucian Banner, is the control + page down. I struggle with alt + page down.
  • I love the Ellucian Banner favorites; however, it is a little difficult to navigate.
  • I can honestly only think of 2 things that could be improved. I use Ellucian Banner daily.
Read full review
Workday
  • Some of the Workday updates last till like 10 in the morning which prevents employees to clock in and check their times and some cases their schedules
  • Workday can work on opening documents quicker instead of taking couple of minutes or notifying the user when they are ready to download
Read full review
Likelihood to Renew
Ellucian
We have no reason not to renew with Ellucian - we are in deep with the ecosystem, and have Ellucian providing us with information technology support. If anything, should the opportunity arise, we'd probably consider adding a different ellucian tools into the suite of applications we already have on board.
Read full review
Workday
No answers on this topic
Usability
Ellucian
You definitely have to learn it before it becomes easy to use. It's better than it was, but it's still not entirely intuitive. You can't just look at it and play around to figure out how it works
Read full review
Workday
Workday is easy enough navigate, as long as it is properly set up. With that said, it can be put together in a modular fashion as well, allowing for a very high degree of flexibility in terms of design and process delegation. Finally, it makes consolidation achievable in times previously unthinkable.
Read full review
Reliability and Availability
Ellucian
It's pretty much up all the time.
Read full review
Workday
No answers on this topic
Performance
Ellucian
Has gotten much better due to new hardware.
Read full review
Workday
No answers on this topic
Support Rating
Ellucian
Our department generally does not contact the support center for Banner but the IT department does. That being said, in the seven years that I have been here, I have not once needed to contact the support center; we have had no glitches on Banner's side that needed to be addressed.
Read full review
Workday
Our support team has been awesome. They are extremely knowledgeable and have been able to guide us through all of the challenges we have faced. Workday's community online is also extremely helpful with many trainings and help topics that can be reviewed at your convenience.
Read full review
Implementation Rating
Ellucian
very satisfied, along with the IT staff and ellucian support the upgrades do very well and have minimum down time.
Read full review
Workday
No answers on this topic
Alternatives Considered
Ellucian
PeopleSoft was more user-friendly. It also provided the ability to save and bookmark queries. PeopleSoft will allow users to use common names to search for queries. Overall, it seemed much more current than Banner. PeopleSoft provided enrollment data for specific sections which allowed one to spot trends of enrollment in a given class.
Read full review
Workday
Despite Airtable also being easier to use one thing that differentiates and put forth Workday Financial Management tool above is it's key features and better suited functionality for handling confidential data. The other positive note where Workday Financial Management performs high is it key analytics tool that's easier to use and representation of information into insightful dashboards.
Read full review
Scalability
Ellucian
being able to scale with hardware was easy and not cumbersome. We were allowed to user virtual machines which made things very scalable.
Read full review
Workday
No answers on this topic
Return on Investment
Ellucian
  • There is positive ROI on the product overall. It had reduced or allowed us to focus our staff members on something which is very use and it does the job in the background.
  • The application has supported in a lot of ways in saving resources and utilizing them in very productive & efficient manner
Read full review
Workday
  • We were able to combine 4 different HR modules into one system.
  • We reduced data breach incidents by 95% after shifting to Workday. One of our legacy softwares had vulnerabilities.
  • The initial learning curve was higher than projected. We spent about a week to 10 days extra time deploying it, which affected the profit center that year.
Read full review
ScreenShots

Workday Financial Management Screenshots

Screenshot of a discovery boardScreenshot of financial resultsScreenshot of operational analysis