Blackbaud Financial Edge NXT vs. MIP Fund Accounting
Product | Rating | Most Used By | Product Summary | Starting Price |
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Blackbaud Financial Edge NXT | N/A | Financial Edge NXT is a cloud accounting solution tailored for nonprofits that provides a general ledger, projects, grants, endowments, accounts payable and receivable, fixed assets, banking, and more. It offers real-time reporting, with one-click drill-down functionality and export capability. | N/A | |
MIP Fund Accounting | N/A | MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies. | N/A |
Blackbaud Financial Edge NXT | MIP Fund Accounting | |||||||||||||||
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Editions & Modules | No answers on this topic | No answers on this topic | ||||||||||||||
Offerings |
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Entry-level Setup Fee | Required | No setup fee | ||||||||||||||
Additional Details | Blackbaud is currently offering the first six months of Financial Edge NXT free for new customers. Limited conditions apply. | — | ||||||||||||||
More Pricing Information |
Blackbaud Financial Edge NXT | MIP Fund Accounting | |
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Considered Both Products | Blackbaud Financial Edge NXT | MIP Fund Accounting |
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Blackbaud Financial Edge NXT | MIP Fund Accounting | |
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Highlights |
Research Team Insight Published Financial Edge NXT and MIP Fund Accounting are both nonprofit-focused accounting solutions. Within the nonprofit market, Financial Edge NXT emphasizes its capabilities for higher education institutions, while MIP Fund Accounting is more focused on government agencies. Financial Edge is a web-based accounting software designed to pair with other NXT products to unify nonprofits’ financial processes into one ecosystem. The platform is also more tailored to higher education institutions, which aligns with Blackbaud’s other product lines that focus on higher education. In contrast, MIP is offered on-premise or as a cloud-based product, and the platform is more scalable for midsized organizations. It also provides more emphasis on government agencies’ unique accounting and reporting needs. FeaturesFinancial Edge NXT and MIP Fund Accounting both provide robust accounting features for nonprofits. Financial Edge is positioned as the next step up in scale from QuickBooks for nonprofits. As such, the software is relatively accessible for users who aren’t already accounting specialists, which can be impactful for smaller organizations. It also advertises some ERP-esque capabilities, such as cash flow forecasting and data quality management. These extended features enable users to unify all financial processes into one vendor’s ecosystem. MIP Fund Accounting stands out for its robust nonprofit accounting service at scale. It excels at tracking funding sources, including funds and grants, to ensure compliance and accountability. Additionally, MIP is recognized by reviewers for its excellent customer support, which can be particularly impactful for scaling nonprofits who lack a robust accounting department. LimitationsBoth Financial Edge NXT and MIP Fund Accounting have some limitations worth considering. Financial Edge NXT is less specialized for traditional nonprofits. Blackbaud provides capabilities tailored to specific verticals like education, which may trade off with other nonprofit areas. Users should also be prepared for a more intense learning curve in order to effectively administer the platform. In contrast, MIP Fund Accounting has more difficulties in the extended accounting areas beyond fund management. The payroll functionality has been complex for some reviewers to use, as well as some reporting capabilities. Additionally, MIP’s pricing structure can also be confusing or cost-prohibitive for some organizations, depending on their accounting needs. PricingFinancial Edge NXT’s pricing varies with each customer. Concrete pricing numbers are available by quote from the vendor. MIP Fund Accounting’s pricing is also specific to each customer. Pricing is available by quote from the vendor. |
Blackbaud Financial Edge NXT | MIP Fund Accounting | |
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Small Businesses | MIP Fund Accounting Score 8.7 out of 10 | QuickBooks Online Score 8.0 out of 10 |
Medium-sized Companies | Sage Intacct Score 8.7 out of 10 | Sage Intacct Score 8.7 out of 10 |
Enterprises | No answers on this topic | No answers on this topic |
All Alternatives | View all alternatives | View all alternatives |
Blackbaud Financial Edge NXT | MIP Fund Accounting | |
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Likelihood to Recommend | 7.7 (139 ratings) | 8.8 (430 ratings) |
Likelihood to Renew | 7.6 (13 ratings) | 9.2 (126 ratings) |
Usability | 8.1 (9 ratings) | 8.1 (100 ratings) |
Availability | - (0 ratings) | 9.8 (15 ratings) |
Performance | - (0 ratings) | 8.5 (86 ratings) |
Support Rating | 6.4 (13 ratings) | 7.8 (99 ratings) |
In-Person Training | - (0 ratings) | 10.0 (9 ratings) |
Online Training | - (0 ratings) | 8.2 (7 ratings) |
Implementation Rating | 6.5 (7 ratings) | 6.3 (28 ratings) |
Configurability | - (0 ratings) | 8.6 (8 ratings) |
Ease of integration | - (0 ratings) | 7.8 (13 ratings) |
Product Scalability | - (0 ratings) | 8.7 (15 ratings) |
Vendor post-sale | - (0 ratings) | 8.5 (13 ratings) |
Vendor pre-sale | - (0 ratings) | 8.2 (13 ratings) |
Blackbaud Financial Edge NXT | MIP Fund Accounting | |
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Likelihood to Recommend | Blackbaud | Community Brands |
Pros | Blackbaud | Community Brands |
Cons | Blackbaud | Community Brands |
Likelihood to Renew | Blackbaud | Community Brands |
Usability | Blackbaud | Community Brands |
Reliability and Availability | Blackbaud No answers on this topic | Community Brands |
Performance | Blackbaud No answers on this topic | Community Brands |
Support Rating | Blackbaud | Community Brands |
In-Person Training | Blackbaud No answers on this topic | Community Brands |
Online Training | Blackbaud No answers on this topic | Community Brands |
Implementation Rating | Blackbaud | Community Brands |
Alternatives Considered | Blackbaud | Community Brands |
Scalability | Blackbaud No answers on this topic | Community Brands |
Return on Investment | Blackbaud | Community Brands |
ScreenShots | Blackbaud Financial Edge NXT Screenshots | MIP Fund Accounting Screenshots |