What users are saying about
Top Rated
91 Ratings
Top Rated
91 Ratings
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Score 8.4 out of 100
95 Ratings
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Score 8.7 out of 100

Likelihood to Recommend

Bill.com

I'm simply a user who receives reimbursements and can't speak to bill.com's effectiveness for admins, but bill.com seems perfectly fine for this medium-sized company's needs. I'm not sure why our company chose to use bill.com only for reimbursement payments (not submitting and approving the reimbursements) and only for US employees. We switched to bill.com after changing our external tax consultants in the US, so if your external tax consultant uses bill.com, it seems like an appropriate scenario to switch as well.
Anonymous | TrustRadius Reviewer

Financial Edge NXT

I think FENXT is well suited for medium to large sized organizations who are willing to make an investment in their systems. I do not feel this would be worthwhile for small organizations or ones who do not prioritize their database systems.
Brandon Mand | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Bill.com
Financial Edge NXT
7.3
Pay calculation
Bill.com
Financial Edge NXT
4.9
Direct deposit files
Bill.com
Financial Edge NXT
5.2
Salary revision and increment management
Bill.com
Financial Edge NXT
9.9
Reimbursement management
Bill.com
Financial Edge NXT
9.0

Customization

Bill.com
Financial Edge NXT
7.8
API for custom integration
Bill.com
Financial Edge NXT
8.5
Plug-ins
Bill.com
Financial Edge NXT
7.0

Security

Bill.com
Financial Edge NXT
8.8
Single sign-on capability
Bill.com
Financial Edge NXT
8.9
Role-based user permissions
Bill.com
Financial Edge NXT
8.6

Reporting & Analytics

Bill.com
Financial Edge NXT
8.2
Dashboards
Bill.com
Financial Edge NXT
7.3
Standard reports
Bill.com
Financial Edge NXT
8.7
Custom reports
Bill.com
Financial Edge NXT
8.7

General Ledger and Configurable Accounting

Bill.com
Financial Edge NXT
8.2
Accounts payable
Bill.com
Financial Edge NXT
9.0
Accounts receivable
Bill.com
Financial Edge NXT
7.0
Cash management
Bill.com
Financial Edge NXT
9.0
Bank reconciliation
Bill.com
Financial Edge NXT
8.7
Expense management
Bill.com
Financial Edge NXT
8.9
Time tracking
Bill.com
Financial Edge NXT
6.4
Fixed asset management
Bill.com
Financial Edge NXT
9.0
Multi-currency support
Bill.com
Financial Edge NXT
7.9
Multi-division support
Bill.com
Financial Edge NXT
9.0
Regulations compliance
Bill.com
Financial Edge NXT
9.8
Electronic tax filing
Bill.com
Financial Edge NXT
5.3
Self-service portal
Bill.com
Financial Edge NXT
9.0

Order Management

Bill.com
Financial Edge NXT
5.8
Pricing
Bill.com
Financial Edge NXT
6.5
Credit card processing
Bill.com
Financial Edge NXT
9.4
Cost of goods sold
Bill.com
Financial Edge NXT
1.4

Pros

Bill.com

  • Bill.com allows anyone who has the dedicated bill.com email address for the company to send bills directly to Bill.com. This means clients, vendors, automated bill reminders - all of those can be emailed directly to bill.com. There's no need for a "special portal" for these to go through - ANYONE can send them there. And, if you have something that you need to add that is on your desktop, great! Just drag and drop, and it's added. It makes getting the bills a very simple process.
  • The approval process for Bill.com is great. You can set one or multiple approvers, you can customize it for just certain vendors need approval, or just amounts over a certain threshold, with a variety of combinations in between. This is really nice for clients who don't want to approve every bill they send you, but maybe they want to double check bills over $5,000.
  • The variety of email preferences you can set up for Bill.com is amazing. You can set it so anytime you receive something new, you get an email. Or maybe every time there's an approved bill - you get an email. Maybe you only want updates once a week, or on certain days of the week - you can do that too! It's whatever you need to see to be the most efficient, Bill.com will notify you by email however you want them to. It's great because nothing slips through the cracks.
Alicia Gates, CPA | TrustRadius Reviewer

Financial Edge NXT

  • Data entry is much easier with NXT especially for accounts payable
  • Reporting is fantastic with the ability to drill down in the reports to the detail and to export reports in more consistent formats (PDF, Excel)
  • Bank reconciliation is a breeze with the cash management capabilities
Pamela Wittmayer | TrustRadius Reviewer

Cons

Bill.com

  • Cloud is a strength and a weakness - some customers prefer a personal on-site training resource.
  • Integration to other systems can be limited - for instance, some AP systems integrate to Fixed Assets for automatic set up of new assets.
  • When integrating back to GL systems, 1099 and other information can be difficult to map.
  • Based on volume, the low per transaction fees can total more than on site software systems. But for low volume firms, cost is very nominal.
Bill Aiton | TrustRadius Reviewer

Financial Edge NXT

  • The dashboards need to be imported onto company website for board review
  • The financial reports generated within the program should be as appealing (not so canned) to the ones we have to format in excel
  • Implementation costs could be a lot less
Anonymous | TrustRadius Reviewer

Likelihood to Renew

Bill.com

Bill.com 8.9
Based on 13 answers
I continue to recommend Bill.com for businesses of various sizes, as the system of record for company disbursements for approval and control reasons. Best practices include using Expensify as the system of record for inputting expense reports, using Bill.com for reimbursement and approval of expense reports, vendor and contractor payables, and then syncing Bill.com with the accounting system, which is the master system of record. In this way, data entry is optimized, visibility and control are maximized and users are not burdened with having to access multiple systems to submit documents or process requests
Tina Gregory | TrustRadius Reviewer

Financial Edge NXT

Financial Edge NXT 7.8
Based on 3 answers
There aren't too many non-profit specific financial/accounting software solutions available. Even so, Financial Edge NXT meets the needs of our staff and allows us to operate efficiently.
Gregory Seay, CMA, CPA | TrustRadius Reviewer

Usability

Bill.com

Bill.com 9.0
Based on 5 answers
Bill.com continues to raise the bar with new features and improved interface. The Fast Pay option is another innovation that reduces administrative time when you have to get an overnight check out. The new Chat Support interface, powered by Zopim, which is world-class, adds to the responsiveness of Bill.com's support team and makes getting real-time answers that much easier.
Tina Gregory | TrustRadius Reviewer

Financial Edge NXT

Financial Edge NXT 5.5
Based on 1 answer
Still needs development to match the old client server version
Michael Downs | TrustRadius Reviewer

Reliability and Availability

Bill.com

Bill.com 8.3
Based on 6 answers
The only time Bill.com was ever "unavailable" was then the Sync to Quickbooks function failed. That happened a time or two but was usually quickly remedied. I'm not sure if that's an issue with newer online versions of Quickbooks Enterprise -- at the time we were using a remotely hosted Quickbooks instance accessed via terminal server (vs a cloud offering like Bill.com is)
Anonymous | TrustRadius Reviewer

Financial Edge NXT

No score
No answers yet
No answers on this topic

Performance

Bill.com

Bill.com 10.0
Based on 2 answers
pretty fast usually
Anonymous | TrustRadius Reviewer

Financial Edge NXT

No score
No answers yet
No answers on this topic

Support Rating

Bill.com

Bill.com 8.5
Based on 15 answers
On the rare occasions when we've reached out to support with questions, their responses are timely and fully answer the questions we have. The rating primarily reflects my satisfaction with how little I've had to contact support since implementing their system.
Anonymous | TrustRadius Reviewer

Financial Edge NXT

Financial Edge NXT 10.0
Based on 3 answers
Excellent support given by people who fully understand the system and your question. Multiple channels to access support, and an easy-to-use tracking system for support requests. No language barriers, and people unafraid to admit they don't know the answer. If followup is needed, they get back to me when they say they will, and they keep after a problem until it's resolved. I LOVE BLACKBAUD's SUPPORT!
Susan Cornforth | TrustRadius Reviewer

Online Training

Bill.com

Bill.com 9.0
Based on 2 answers
The online training provided by Bill.com is concise and since the firm consistently improves the platform functionality, users are able to select the training for the modules they specifically need.
Tina Gregory | TrustRadius Reviewer

Financial Edge NXT

No score
No answers yet
No answers on this topic

Implementation Rating

Bill.com

Bill.com 8.0
Based on 5 answers
I heard from my leadership that it went very well.
Anonymous | TrustRadius Reviewer

Financial Edge NXT

Financial Edge NXT 6.4
Based on 1 answer
From an IT perspective, read up on the user setup integrated with the DB View
Michael Downs | TrustRadius Reviewer

Alternatives Considered

Bill.com

Compared to Mineral.tree, Bill.com offers much of the same functionality at a much nice price point. I think Mineral Tree has Bill.com beat with some higher-end features, such as international capabilities, etc. Yet most domestic organizations do not require this advanced functionality, especially at such a high price point. Bill.com is the clear winner.
Anonymous | TrustRadius Reviewer

Financial Edge NXT

I have used other products such as Banner at previous jobs. When I came to my current job, they already had Financial Edge in place. It was easy to learn and more user-friendly than Banner and other programs I had previously used. We converted to Financial Edge NXT shortly after I started working there. The advantages of Financial Edge NXT are a great benefit.
Tracy Spence | TrustRadius Reviewer

Return on Investment

Bill.com

  • Bill.com has absolutely had a positive ROI. It streamlines multiple processes and is easy to keep track of.
  • Bill.com enables you to not have to organize and save invoices and payment receipts, because it is all organized on the platform with your scanned images and any other info you could use.
Erin Leonard | TrustRadius Reviewer

Financial Edge NXT

  • Positive impact on our desire to 'modernize' (i.e. getting a system that looks and feels more contemporary than our previous accounting systems).
  • Generally positive impact in our ability to streamline or simplify some of our accounting processes that took longer in our previous accounting system.
  • Negative cost impact in that we pay much more for NXT than our old system. In retrospect it may not have been worth it to pay for 'NXT', and we might have just gone with the database view, as that is perfectly suitable. But admittedly I am not sure about the pricing difference.
Anonymous | TrustRadius Reviewer

Screenshots

Bill.com

Pricing Details

Bill.com

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Financial Edge NXT

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required

Rating Summary

Likelihood to Recommend

Bill.com
8.6
Financial Edge NXT
8.2

Likelihood to Renew

Bill.com
8.9
Financial Edge NXT
7.8

Usability

Bill.com
9.0
Financial Edge NXT
5.5

Reliability and Availability

Bill.com
8.3
Financial Edge NXT

Performance

Bill.com
10.0
Financial Edge NXT

Support Rating

Bill.com
8.5
Financial Edge NXT
10.0

Online Training

Bill.com
9.0
Financial Edge NXT

Implementation Rating

Bill.com
8.0
Financial Edge NXT
6.4

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