The SLU Banner Finance module is an online product that uses the Oracle Relational Database Management System (RDBMS) to maintain and share data. The Finance module can function as a stand-alone system or be integrated with the other Banner modules to provide access to information that already exists in the database.
The Banner Finance module is a complete financial information and management system that delivers strategic financial data that University executives and business officers need in order to make the right fiscal decisions. It meets GAAP requirements and addresses the latest FASB and GASB positions on depreciation accounting and financial reporting. The system distributes purchasing functions to the Purchasing Department and accounts payable and check processing functions to the Accounts Payable Department. Each module is designed for the department it serves.
Overall, the SCT Banner Finance system provides a comprehensive, integrated financial management system that enables you to track, maintain, and process all of your relevant financial data.