Market Trends and Leaders Reports

2021 Financial Management and Human Capital Management Systems US Higher Education Market Share, Trends, and Leaders Report

Why Read This Research

This report drills into the 2020 finance and HCM selections and describes purchasing trends, identifying the types and sizes of institutions making finance and HCM systems decisions and the solutions they are selecting. Tambellini tracks all finance and HCM systems vendors selling to US higher education institutions. This report focuses on those vendors that have at least 1 percent of the total US market share—Anthology, Ellucian, Jenzabar, Oracle Cloud, SAP, Unit4, Workday. Surprisingly, despite the COVID-19 pandemic, the 2020 US finance and HCM market experienced an estimated 40 percent increase in finance selections and a 45 percent increase in HCM selections over 2019.

Key Questions Answered

  • What trends are evident in the finance and HCM higher education market?
  • Which finance and HCM systems were most often selected by higher education institutions in 2020?
  • How are the leading vendors contributing to higher education with their finance and HCM solutions?


  • Vendor in Focus: Anthology, Ellucian, Jenzabar, Oracle, SAP, Unit4, Workday
  • Software Category in Focus: Financial Management Core, Human Capital Management Core
  • Authors: Mary Beth Cahill, Vice President, Research, and Vicki Tambellini, President and CEO, Tambellini Group
  • Research Availability: April 2021

Table of Contents

  1. Executive Summary
  2. The Tambellini Group Higher Education Market Definition
  3. Finance and HCM Higher Education Market Trends
  4. 2020 Higher Education Finance and HCM Selections
  5. Making a Vendor Selection
  6. 2020 US Finance and HCM Selections by Institution Size
  7. 2020 US Finance and HCM Selections by Institution Type
  8. US Higher Education Total Finance and HCM Vendor Market Share
  9. US Finance and HCM Total Market Share by Institution Type
  10. Conclusion

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