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.
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Pricing
Blackbaud Financial Edge NXT
Editions & Modules
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Offerings
Pricing Offerings
Blackbaud Financial Edge NXT
Free Trial
No
Free/Freemium Version
No
Premium Consulting/Integration Services
Yes
Entry-level Setup Fee
Required
Additional Details
Blackbaud is currently offering the first six months of Financial Edge NXT free for new customers. Limited conditions apply.
I didn't select this software and I would not have considering my role focuses on A/R and grants management and this software doesn't do a good job of helping to track and manage grants or offer full capabilities for both on the online/web-based tools which are much easier to …
I was not involved in the selection. I do not personally find Blackbaud Financial Edge NXT as user-friendly as QB Premier, but this is the software we use here.
Prior to using Blackbaud Financial Edge NXT, a financial software package offered by Sage was used. Blackbaud Financial Edge NXT is much more user friendly, and integrates with the fundraising software used by the Foundation, Raiser's Edge. The integration has eliminated …
At the time Blackbaud Financial Edge NXT was able to be set up close to how our previous system was set up and our IT Director wanted it to be that way. That was the main driver
For non-profit specific accounting use cases, Blackbaud Financial Edge NXT provides a robust, yet very user friendly interface that supports all operational accounting, reporting, and regulatory needs. When coupled with other Blackbaud products (Tuition Management, Raiser's …
Verified User
Employee
Chose Blackbaud Financial Edge NXT
The two products work together. My main experience has been with this set of products. It has been many years since we used anything else and I dont have basis to compare.
It's unreal the difference that Blackbaud Financial Edge NXT is compared to CYMA. Blackbaud Financial Edge NXT is quick and much more efficient , especially the day to day. Bank recs are insanely easier in Blackbaud Financial Edge NXT. The process time has been lessoned …
Raiser's Edge works with Blackbaud Financial Edge NXT, so we are able to use both systems together and they work smoothly. We post gift/income from donors to our financial system Blackbaud Financial Edge NXT.
The main reason for choosing Blackbaud Financial Edge NXT was cost. Blackbaud measures up with the above software when it comes to entering information.
Paycom is our payroll and HR software. It does not compare to this financial software. We have mostly only used Blackbaud Financial Edge NXT. When we tried another financial software years ago, it didn't compare to the flexibility and robustness of Blackbaud Financial Edge NXT. …
Raiser's Edge works in tandem with Financial Edge NXT. I wish that Raiser's Edge NXT was similar to FENXT in regards to having converted the database view functionality to the web version. In that regard, RENXT does not do very well since our gift processors still rely heavily …
Blackbaud more securely accommodates "closing" periods and makes it impossible to make changes to prior periods without Journal entries. The built-in approval process for AP.
Blackbaud Financial Edge NXT offers robust reporting tools out of the box, with very little customization required to meet reporting needs. Other systems I have used required skilled report writers to develop financial and operational reports needed for internal and external …
Blackbaud Financial Edge NXT is clearly designed for the non-profit industry organizations, and it shows! The features would not necessarily be a great asset to some for-profit businesses given the design and focus on grant/fund reporting, but for non-profits it hits the "ball …
The look of the reports and the platform is great. It's easy to lookup vendors and find some information. I wish the flow to navigate around the system was more intuitive. We tend to do more going back and forth to move to another vendor. It must be an easier solution. But that's the learning curve piece we need.
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.
Queries is not fully set up yet and could use more functionality within the reporting structure
Recurring payments do not seem to be moving forward and we have several annuities that run quarterly
Queue appears to be going away and report scheduling is coming, however, you cannot send to users outside of your organization. We run so many monthly reports that we used to have emailed out via queue that now we have to run them manually and save them to a sharepoint site for our campus partners to access.
A little concerned with printing checks once database view goes away since the one time I tried it the printing margins were totally off.
Integration of papersave products and cash receipts.
It is meeting our needs very well and they continue to introduce enhancements. Much of our staff is not very technical, and the ease of use is very important. Training is quick and easy. The licensing is reasonable and affordable. And, the time, effort, and cost of finding another solution and implementing it would be very substantial.
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.
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
The training is semi helpful if you have already been in the system. If you are completely new it does make it kind of hard since chart of accounts will be different among organizations. For a general idea it is helpful. One complaint on training would be that as FENXT is attempting to go fully to the web solution there were often times things that were moved or changed that even the trainer was unaware of and had to adapt on the fly.
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.
Prior to using Blackbaud Financial Edge NXT, a financial software package offered by Sage was used. Blackbaud Financial Edge NXT is much more user friendly, and integrates with the fundraising software used by the Foundation, Raiser's Edge. The integration has eliminated duplicate entry of donor information into the financial software. In addition, the add-in tools provided by Blackbaud Financial Edge NXT make journal entries a much more efficient process.
Record accuracy has gone up with Blackbaud Financial Edge NXT. We are able to keep everything separate using both natural accounts and projects.
The AP module has increased our speed in issuing checks. We are able to easily review and see where approvals may be stuck in order to get checks out promptly.
The approval chains and easily viewed records of approvals have helped our auditors easily track processes for internal control walkthroughs.
