Blackbaud Financial Edge NXT vs. Workday Adaptive Planning

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Blackbaud Financial Edge NXT
Score 7.6 out of 10
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
Workday Adaptive Planning
Score 8.0 out of 10
Mid-Size Companies (51-1,000 employees)
Workday Adaptive Planning(formerly Adaptive Insights) is a financial planning and reporting tool. It includes automated budgeting and forecasting, financial reporting, and other active planning capabilities, including integrations with third-party products like Salesforce.N/A
Pricing
Blackbaud Financial Edge NXTWorkday Adaptive Planning
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Blackbaud Financial Edge NXTWorkday Adaptive Planning
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeRequiredOptional
Additional DetailsBlackbaud is currently offering the first six months of Financial Edge NXT free for new customers. Limited conditions apply.
More Pricing Information
Community Pulse
Blackbaud Financial Edge NXTWorkday Adaptive Planning
Top Pros
Top Cons
Features
Blackbaud Financial Edge NXTWorkday Adaptive Planning
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
9.3
1 Ratings
13% above category average
Pixel Perfect reports00 Ratings9.01 Ratings
Customizable dashboards00 Ratings10.01 Ratings
Report Formatting Templates00 Ratings9.01 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
8.0
1 Ratings
4% below category average
Drill-down analysis00 Ratings9.01 Ratings
Formatting capabilities00 Ratings7.01 Ratings
Integration with R or other statistical packages00 Ratings8.01 Ratings
Report sharing and collaboration00 Ratings8.01 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
8.0
1 Ratings
3% below category average
Publish to PDF00 Ratings8.01 Ratings
Report Versioning00 Ratings8.01 Ratings
Report Delivery Scheduling00 Ratings8.01 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
7.7
1 Ratings
0% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings7.01 Ratings
Location Analytics / Geographic Visualization00 Ratings8.01 Ratings
Predictive Analytics00 Ratings8.01 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
9.0
1 Ratings
3% above category average
Multi-User Support (named login)00 Ratings9.01 Ratings
Role-Based Security Model00 Ratings9.01 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings9.01 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
8.5
1 Ratings
8% above category average
Responsive Design for Web Access00 Ratings8.01 Ratings
Mobile Application00 Ratings8.01 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings10.01 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
8.5
172 Ratings
2% above category average
Long-term financial planning00 Ratings8.2159 Ratings
Financial budgeting00 Ratings8.8169 Ratings
Forecasting00 Ratings8.5164 Ratings
Scenario modeling00 Ratings8.9155 Ratings
Management reporting00 Ratings8.3169 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
7.6
139 Ratings
6% below category average
Financial data consolidation00 Ratings7.8104 Ratings
Journal entries and reports00 Ratings7.967 Ratings
Multi-currency management00 Ratings6.880 Ratings
Intercompany Eliminations00 Ratings7.659 Ratings
Minority Ownership00 Ratings7.935 Ratings
Local and consolidated reporting00 Ratings8.593 Ratings
Detailed Audit Trails00 Ratings6.5115 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
8.4
161 Ratings
2% above category average
Financial Statement Reporting00 Ratings8.7143 Ratings
Management Reporting00 Ratings8.4156 Ratings
Excel-based Reporting00 Ratings7.9155 Ratings
Automated board and financial reporting00 Ratings8.5134 Ratings
XBRL support for regulatory filing00 Ratings8.625 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
7.5
131 Ratings
7% below category average
Personalized dashboards00 Ratings7.0113 Ratings
Color-coded scorecards00 Ratings7.193 Ratings
KPIs00 Ratings7.9106 Ratings
Cost and profitability analysis00 Ratings7.3110 Ratings
Key Performance Indicator setting00 Ratings7.694 Ratings
Benchmarking with external data00 Ratings8.165 Ratings
Integration
Comparison of Integration features of Product A and Product B
Blackbaud Financial Edge NXT
-
Ratings
Workday Adaptive Planning
8.2
151 Ratings
2% below category average
Flat file integration00 Ratings8.5117 Ratings
Excel data integration00 Ratings8.0145 Ratings
Direct links to 3rd-party data sources00 Ratings8.2111 Ratings
Best Alternatives
Blackbaud Financial Edge NXTWorkday Adaptive Planning
Small Businesses
MIP Fund Accounting
MIP Fund Accounting
Score 8.7 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.2 out of 10
Medium-sized Companies
Sage Intacct
Sage Intacct
Score 8.7 out of 10
Cube
Cube
Score 9.0 out of 10
Enterprises

No answers on this topic

Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Blackbaud Financial Edge NXTWorkday Adaptive Planning
Likelihood to Recommend
7.6
(137 ratings)
8.7
(201 ratings)
Likelihood to Renew
7.5
(13 ratings)
7.7
(43 ratings)
Usability
7.8
(9 ratings)
8.8
(107 ratings)
Availability
-
(0 ratings)
7.3
(11 ratings)
Performance
-
(0 ratings)
9.1
(5 ratings)
Support Rating
6.2
(13 ratings)
8.1
(33 ratings)
In-Person Training
-
(0 ratings)
8.2
(2 ratings)
Online Training
-
(0 ratings)
7.3
(9 ratings)
Implementation Rating
6.5
(7 ratings)
9.4
(27 ratings)
Configurability
-
(0 ratings)
8.2
(5 ratings)
Contract Terms and Pricing Model
-
(0 ratings)
7.3
(1 ratings)
Ease of integration
-
(0 ratings)
8.2
(8 ratings)
Product Scalability
-
(0 ratings)
8.6
(12 ratings)
Professional Services
-
(0 ratings)
8.2
(1 ratings)
Vendor post-sale
-
(0 ratings)
8.2
(4 ratings)
Vendor pre-sale
-
(0 ratings)
6.4
(4 ratings)
User Testimonials
Blackbaud Financial Edge NXTWorkday Adaptive Planning
Likelihood to Recommend
Blackbaud
Blackbaud Financial Edge NXT is great for an independent/private school. It integrates well with enrollment and student information systems sold by Blackbaud. For example, you could send data from the student information system straight into the Blackbaud Financial Edge NXT. The caveat of course is that you would need to be using other Blackbaud products to leverage this integration. However, all Blackbaud products utilize open APIs so with a little programming, one can share data across many systems.
Read full review
Workday
Adaptive is much more versatile than most planning software, and in most ways better than Excel for planning and analytics. It is great and bringing together data from multiple sources, especially if on the Workday platform, and really allows your team to collaborate in real time without any issues unlike trying to work in Excel workbooks at the same time or needing an adminstrator to enter data for you. Power users can even update models and reports themselves and share with others. The flexibility of designing your own models is also great in allowing you to plan however granular you need and have different methods of planning for different business units but bring it all together consolidated.The reporting is the least useful feature. Yes, OfficeConnect gives you all the power of Excel and PowerPoint and is great if you can utilize it, but for now it only works on Windows when many businesses have shifted to Apple or Google platforms. Also, OfficeConnect is not fast or easy to use, like the web reports and web dashboards, which are great for quick ad-hoc reports but not great for presentation-level reports. This creates a huge disconnect in the quickness of analytics, if you want to run and show in depth analytics you'll need OfficeConnect due to the limited functionality and limited formula capabilites of Adaptive web reports which requires someone to build and maintain and refresh the OfficeConnect reports which is slow and not easily shared with other users.Also the planning functionality of the 3 sheet types have not been updated in years. Some new features or sheet types would be greatly appreciated.
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Pros
Blackbaud
  • Uploading and inputting information is easy due to a clear format and outline.
  • Researching and finding past information is quick and easy to navigate due to searching and filtering options as well as the ability to name the files for quick searches.
  • Pulling project titles and accounts - you can have a large amount of projects and accounts and are able to know them through the system without having to memorize each individual title.
  • Being able to export a general ledger for an account to excel while still being formatted correctly.
  • Having the ability to filter in what transactions are pulled in the general ledger. You are able to easily look at all the activity or only activity in a certain time frame or other specific filters.
  • There is always access to help from Blackbaud services for any sort of difficulty.
  • Learning and the ability to attend Blackbaud classes are readily and easily available so you can increase your knowledge and ability to serve well in your organizations' role.
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Workday
  • It helps create dynamic plans for finances, operations and various functional units in an organization all under one platform
  • It helps in scenario modeling to help analyze various business events and report by any number of business dimensions including channel, customer or product
  • It can be integrated with any system including ERP, BI or CRM
Read full review
Cons
Blackbaud
  • Takes some time to set-up for an organization and there is a learning curve
  • Features & updates are constant due to the online cloud nature. An option to update certain features on demand would be nice or an option to delay.
  • Certain credit card bank feeds are not currently compatible
Read full review
Workday
  • Variable Time Roll-ups. Different entities within our company look at "years" differently, but we're only able to specify one global time roll-up for aggregating data quickly, which can lead to some confusion.
  • Administrative UI. Management of Access Rules and ordering sheets from an administrative point of view can be a bit tedious and have received less attention than other features recently.
  • List Sheet Reporting. Any sheet that is a variable list of things (like People, Capital Projects, Marketing Programs) is somewhat constrained in how it can be reported on. Adaptive provides two kinds of reports but both leave something to be desired when reporting on this kind of data.
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Likelihood to Renew
Blackbaud
BB seems to forcing changes on customers at a faster rate. This company needs stability because it is understaffed in accounting. There isn't time to drop everything and work up workarounds or even try to judge effects. There also isn't the time to find a replacement suite unless things get really bad.
Read full review
Workday
For one we're in way too deep to not move forward with Adaptive. We're integrated with Workday, we do a ton of reporting with Adaptive, and it's working very well for planning and forecasting. No reason to look back or change course.
Read full review
Usability
Blackbaud
I don't have much to compare it to but if I speak of just the reporting options; sometimes there are so many options I spend more time finding the "perfect" report when a basic report with minimal columns is needed. But I know I can always add to the report if asked.
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Workday
Workday Adaptive Planning has detailed online help with both articles and videos that are comprehensive. It has a lot of similarities to Excel, which most finance people are already familiar with, plus the user interface is intuitive and easy to pick up. The online support team is quick to respond and very knowledgeable.
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Reliability and Availability
Blackbaud
No answers on this topic
Workday
There haven't been any lately. The only one issue I can think of is when there was an update in Adaptive that altered our reports. Before I realized there was an issue, Adaptive reached out to let me know, so that it could be fixed.
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Performance
Blackbaud
No answers on this topic
Workday
All aspects of Adaptive Insights perform well. One area that I wish was quicker was integration. When importing data from Intacct our accounting ERP platform, it can sometimes take 4 hours for the import to process. The earlier imports are done, the quicker they complete. My estimate for a quick upload is about two hours.
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Support Rating
Blackbaud
No one is perfect, but this support team is as close as it gets. They respond promptly and if the person I'm talking to doesn't have the answer they find someone that does. They also provide documentation and/or resources to support their responses to my questions. The online chat is awesome and usually all I need
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Workday
Whenever we have had any questions, issues, or concerns, the support has been quick and thorough. [This] allow[s] us to be able to fully resolve any issues, or be connected with the right group quickly to attain the result we were after; be it from simple formatting to adding new detailed reporting.
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In-Person Training
Blackbaud
No answers on this topic
Workday
This was extremely helpful so that they could walk you through the model and teach you more about the complexity of various areas. It is most helpful when it is specific to your organization's model. The larger in-person trainings were helpful but they tended to be more generic and entry level. The trainings that are more tailored to your specific needs are the most helpful.
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Online Training
Blackbaud
No answers on this topic
Workday
They often times tended to be way too generic or entry level. They would also become sales pitches to upgrade or get new Adaptive Planning products. The questions in the training would be very niche and specific to other organizations. They were rarely helpful to the group at large.
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Implementation Rating
Blackbaud
The implementation can be easy depending on how familiar you are with Blackbaud products. It is cloud based so there is not a need for IT involvement but you do need to know your business requirement.
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Workday
Trust the expertise of very strong 3rd party implementers. Having deployed Adaptive at a separate company before, I thought I knew it all (hubris, I know). Fortunately, I began to (very quickly) trust the judgment of our Carlson implementation team, and they provided invaluable insights and best-in-class processes that have benefitted me and my team greatly.
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Alternatives Considered
Blackbaud
Blackbaud Financial Edge NXT is far superior to CYMA. We used CYMA for over 20 years. It was tough to transition because Blackbaud Financial Edge NXT follows GAAP, while CYMA did not the way we had it set up. Blackbaud Financial Edge NXT has more robust fund tracking and allows us to create custom reports.
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Workday
Workday became our choice because it is fully web-based and easily integrates with other systems. The learning curve for Workday was shorter than that of Dynamics. The reporting tools in Workday are more user-friendly than that of Dynamics. However Workday did not have Check Printing tools which are available in Dynamics. The organization started a project to digitize all financial transactions so it was not a priority feature. When it comes to scaling up the functionalities of Workday it was much easier than Dynamics.
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Contract Terms and Pricing Model
Blackbaud
No answers on this topic
Workday
Good read only seat access
Read full review
Scalability
Blackbaud
No answers on this topic
Workday
We went from 2 users to 70+ users over a 2 year period of time. The application scaled wonderfully. 65 of those users were non-finance users so they were able to quickly learn the software and prepare budgets quickly and efficiently. That is the power of Adaptive and its ability to scale
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Professional Services
Blackbaud
No answers on this topic
Workday
This is now available in house at Workday which is convenient.
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Return on Investment
Blackbaud
  • The reporting features that include unposted entries and can be run on-demand to see a year to date budget comparison, have certainly made it easier to stay on task and within budget.
  • We have been able to integrate some of the fundraising features into Blackbaud Financial Edge NXT; consolidating to one system for tracking all key financial parameters, has been invaluable.
  • The budget partner (Zai?) is absolutely terrible and a huge waste of time and money; it does not integrate as advertised and is constantly "broken/down" on our end. It is not as advertised and honestly shouldn't be promoted by Blackbaud - it's that terrible.
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Workday
  • Adaptive Insights has had a positive impact on organizational expansion. With our break-even analysis we have created, what would once take place in a notebook or Excel, we have created templates and can run a conservative estimate on revenue and costs quite quickly. We have cut back on research and time on expansion by months this way, to mere hours.
  • One negative impact is the costs with implementing connections between our other ERP systems with Adaptive Insights. Currently, we would like to have near real-time data, but cannot due to the costs. Currently, I am tasked with uploading from multiple systems and this can be time consuming, especially during a close.
  • Overall, positively we have had an excellent experience. The ease of the functionality and the easy learning curve have enabled everyone on my team to have an enjoyable experience.
Read full review
ScreenShots

Blackbaud Financial Edge NXT Screenshots

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Workday Adaptive Planning Screenshots

Screenshot of Adaptive Planning balance sheets.Screenshot of Adaptive Discovery visuals.Screenshot of Adaptive Planning expense variance analysis report.Screenshot of Adaptive Discovery visuals with drill-down capabilities.Screenshot of Adaptive Planning in-sheet visualizations (waterfall chart)Screenshot of Sparklines are used to visualize trends and make adjustments visually