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.
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Workday Financial Management
Score 8.2 out of 10
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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…
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Pricing
Ellucian Banner
Workday Financial Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Ellucian Banner
Workday Financial Management
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
Ellucian Banner
Workday Financial Management
Features
Ellucian Banner
Workday 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 Technology
7.98 Ratings
00 Ratings
Online Registration Management
8.97 Ratings
00 Ratings
District Communications, such as messaging and alerting
8.94 Ratings
00 Ratings
Roster Management
8.56 Ratings
00 Ratings
Platform Customization
8.16 Ratings
00 Ratings
Teacher Self-Service
8.86 Ratings
00 Ratings
Student Data Security
8.67 Ratings
00 Ratings
Community Support
8.66 Ratings
00 Ratings
Class Scheduling
8.67 Ratings
00 Ratings
State and National-level Reporting
9.27 Ratings
00 Ratings
Compliance Support
8.96 Ratings
00 Ratings
Teacher and Parent Mobile Application
7.25 Ratings
00 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 calculation
00 Ratings
8.322 Ratings
Benefit plan administration
00 Ratings
8.119 Ratings
Direct deposit files
00 Ratings
8.019 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 integration
00 Ratings
8.516 Ratings
Plug-ins
00 Ratings
7.718 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 capability
00 Ratings
9.124 Ratings
Role-based user permissions
00 Ratings
8.822 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
Dashboards
00 Ratings
7.826 Ratings
Standard reports
00 Ratings
8.023 Ratings
Custom reports
00 Ratings
7.921 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 payable
00 Ratings
7.517 Ratings
Accounts receivable
00 Ratings
7.317 Ratings
Global Financial Support
00 Ratings
7.318 Ratings
Primary and Secondary Ledgers
00 Ratings
7.318 Ratings
Journals and Reconciliations
00 Ratings
7.615 Ratings
Configurable Accounting
00 Ratings
7.418 Ratings
Standardized Processes
00 Ratings
7.919 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 tracking
00 Ratings
7.510 Ratings
Automatic reordering
00 Ratings
7.310 Ratings
Location management
00 Ratings
6.79 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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
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.