Banner by Ellucian Pricing - why 6/10?

Banner by Ellucian Review
ITQlick Score: 80/100
ITQlick Rating: (3/5)
Pricing: 6/10 - average cost
Category: Student Information Systems (SIS) -> Banner by Ellucian -> Banner by Ellucian pricing
Ranking:Ranked 3 out of 9 Student Information Systems (SIS) systems
Company: Ellucian
Typical customers: Medium and large size businesses
Platforms: Desktop, Cloud
Links: Banner by Ellucian review, Banner by Ellucian alternatives

Shlomi LaviShlomi Lavi / Sep 02, 2020

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What is Banner by Ellucian's cost rating? (6/10)

When comparing Banner by Ellucian to their competitors, on a scale between 1 to 10 Banner by Ellucian is rated 6, which is similar to the average Student Information Systems (SIS) software cost. Banner by Ellucian offers few flexible plans to their customers, read the article below in order to calculate the total cost of ownership (TCO) which includes: customization, data migration, training, hardware, maintenance, updgrades, and more.

You can also leave your info with us to get a free custom quote with the break downs for your business needs.

What is the cost breakdown of Student Information Systems (SIS) implementation?

When it comes to selecting Student Information Systems (SIS) tools, buyers are primarily concerned about its cost. In fact, it is the cost that determines whether a potential buyer would go with the product. True, there is no one-size-fits-all formula to determine the “worth” of a business application, but as a software buyer, you want to make sure you get the best value for your money, without having to dig a big hole in your pocket.

Understanding the exact price of Student Information Systems (SIS) system isn't easy as The overall cost of software includes the cost of license, subscription fees, training, customization, hardware, maintenance, support and other related services. It's essential to take into account all of these costs to gain an understanding of the system's "total cost of ownership."

What are the typical Student Information Systems (SIS) pricing models?

There are primarily three common pricing models – Perpetual License, Subscription, and Commercial open source.

  • Subscription/Software-As-A-Service: - Not relevant for Banner by Ellucian
    Under this pricing model, the system is accessed over the Internet, as opposed to installed on-premises. The payment is made either on a per user basis or subscription basis. Ideally, customers are required to pay a recurring monthly fee until a specific period for using the tool. Subscription pricing model is more common with Software-as-a-Service (SaaS) apps.
  • Upfront cost for customization and integration is less compared to perpetual license cost because there is not much flexibility with SaaS systems in this area.
  • Recurring cost is greater as customers are required to make monthly payments as subscription fee. Additionally customers using premium support services must pay an extra fee.
  • All in all, the total cost of ownership in the both cases is almost the same and may span over a period of 7-10 years, though you may have to pay a higher perpetual license fee upfront. The total cost may vary from starter to mid range to enterprise level apps in both cases.
  • Perpetual license: - Relevant for Banner by Ellucian
    A common pricing model for on-premise applications, perpetual license requires a customer to pay an upfront sum to own the tool or other intellectual property on-premises for a fixed term.
  • Upfront cost involves the fee for installation, customization, integration with existing systems, besides perpetual license fee.
  • Recurring cost is low in this pricing model and may include cost for updates, maintenance, upgrades, and patches. Some vendors do offer premium support services, which come for an extra price.
  • Commercial open source: Not relevant for Banner by Ellucian
    The customer can acquire the system free of cost without having to incur any upfront license fee. As a customer, you’re solely responsible for the ongoing maintenance, upgrading, customization, and troubleshooting of the application to meet your specific needs. You are on your own for providing end-user support, since you are not locked in with a vendor-supplied system solution.

How much it would cost to customize Banner by Ellucian? (and is it relevant)

If you need specific features in your system catering to your specific business requirements, the vendor will charge customization cost, depending on your needs and feature requirement. Ideally customization cost is more complex to calculate compared to licensing cost.

Some apps allow you to easily combine data from multiple sources, without any complicated query requirements, while some others can be embedded into different applications to provide enhanced reporting. If you seek products that support customizable dashboards and predictive analysis to identity possible trends and facilitate decision making, you may have to pay higher for all the customization features.

Additionally, the following factors may affect the cost of customization:
  • User interface changes
  • Configurable dashboards
  • Data elements required for tracking
  • Forms to collect additional data
  • Dashboard, management and operational reports that are needed.
  • Workflows and how complex they are.
  • Forms to collect additional data.
Here are some questions to answer: How much customization is needed? How many system you want to integrate to? Does your company work like industry standars or has it's own customize processes? What kind of special reports are needed?

In order to calculate the cost of customization you can use the following estimates:

  • Minimal customization - integrate with 1-2 systems: $2,500
  • Standard customization - integrate with 3-5 systems: $10,000
  • Fully customized system - integrate with more than 5 systems: $25,000

Cost of data migration when migrating to Banner by Ellucian? Relevant for Banner by Ellucian

Most companies opt for data migration services from a vendor, which raises the cost of product ownership. If you choose to transfer data on your own, you can avoid paying the cost of data migration.
Data migration cost depends on the amount of data to be transferred, your current software, availability of migration tools, complexity of data, and gaps between the existing system and the new system.

If your data is stored in excel spreadsheets, then it may incur you a lot of time and money to migrate data from excel.
By involving a business services provider in data migration, you are asking them to offer additional services, for which you may have to pay extra.

As a rule of thumb the cost of data migration depents on how many records you want to migrate. Records can include number of Customers, invoices, financial transactions, products, versions, etc. Here is a list you can use as a rule of thumb:

  • 1,000 records: $500
  • 10,000 records: $2,500
  • 100,000 records: $10,000
  • 1,000,000+ records: $25,000

What is the cost of training for Banner by Ellucian? Relevant for Banner by Ellucian

As a buyer, you are required to pay extra for in-person training, though some vendors offer web-based solutions as part of the package. the cost may involve end-user training, video/self, group, department, and train the super users.

The cost is mainly derived from the approach that you select for your organization:
  • End-user training
  • Group/Department
  • Video /self
  • Train the trainer/super user

Here are some questions to answer: How many groups (different departments, usages, type of users) are needed?

In order to calculate the cost you can use the following estimates:

  • 1-2 Sessions: $500
  • 3-4 Sessions: $1,500
  • 5-7 Sessions: $2,500
  • 8-10 Sessions: $5,000

How Banner by Ellucian pricing compared to alternarive Student Information Systems (SIS) solutions?

When comparing Banner by Ellucian to alternative systems, on a scale between 1 to 10 Banner by Ellucian is rated 6, which is similar to the average Student Information Systems (SIS) cost.
The main competitors of Banner by Ellucian include Aspen SIS and SchoolTime software. Aspen SIS software is a centralized, cloud-hosted Student Information System built for managing and hosting student data whereas Ellucian Banner is an integrated cloud-hosted higher education enterprise resource planning (ERP) solution. Aspen SIS is only cloud-hosted while Ellucian Banner is hosted on the cloud or installed on-premise.

Ellucian Banner is a product of Ellucian Company, but in comparison, Aspen SIS is a product of Follett Company. Aspen SIS is suitable for schools and K-12 Districts while Ellucian Banner is ideal for higher education institutions.

SchoolTime software is a cloud-based school management solution that offers SMS alerts for staff, students and parents, reports and analytics, class management, and attendance while Ellucian Banner is a cloud-based and on-premise higher education enterprise resource planning (ERP) solution.

SchoolTime software is ideal for any size of a school whereas Banner by Ellucian is ideal for higher education institutions. Ellucian Banner is a product of Ellucian Company in the US, but in comparison, SchoolTime is a creation of STPL Global based in India.

How can the team at ITQlick help?

The science of TCO (total cost of ownership) may not be easy to calculate. If you seek to get a detailed info about the TCO, get in touch with ITQlick experts. Contact us today and get up to date, detailed quotes.

Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.