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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Blackbaud Raiser's Edge NXT
Score 7.4 out of 10
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Raiser's Edge NXT is cloud fundraising and constituent relationship management software from Blackbaud.
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Pricing
Blackbaud Financial Edge NXT
Blackbaud Raiser's Edge NXT
Editions & Modules
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No answers on this topic
Offerings
Pricing Offerings
Blackbaud Financial Edge NXT
Blackbaud Raiser's Edge NXT
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
Yes
Yes
Entry-level Setup Fee
Required
Required
Additional Details
Blackbaud is currently offering the first six months of Financial Edge NXT free for new customers. Limited conditions apply.
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 …
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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.
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.
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 …
Ellucian Banner Higher Education Finance Quickbooks for Nonprofits
Blackbaud Financial Edge NXT was selected because of its user-friendliness and reporting capabilities. The ability to integrate with Raiser's Edge was also important.
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 …
We looked at Banner but it was not as flexible or user-friendly as FE NXT. We are going into a campaign and need to have the ability to create reports, queries, graphs, etc. in a timely manner and FE NXT will assist us in that area through easy access and the ability to …
We did not evaluate other comparable products, we were hosted with FE 9, so beginning to explore the features and uses of Financial Edge NXT was a logical next step.
PeachTree Accounting Software which we discontinued because of the batching and it now having "real time". Red Wing Controller was extremely user friendly and I generally recommend that to constituents. QuickBooks was another option used by our sister company and it was able …
I've used other small programs in previous jobs. They were fine as well. I don't know if any of them were much better or worse. But the linking to RE NXT makes it the best for us. Without RE, I don't know if we'd go for it necessarily.
I had used Oracle in previous positions. While it is robust, I feel Financial Edge NXT has a better GUI and also more features/functionality that is easier to use. Being a smaller organization it fits our needs better. We did review over 11 software providers and chose …
We previously used QuickBooks and while we were comfortable with the functionality and ease of use, we chose to move forward with Financial Edge and then the NXT version because of the integration with the other modules and being able to link all of the data together to reduce …
I have never used another CRM service specifically for nonprofits before, so I cannot compare to those. However, we also implemented Blackbaud Financial Edge NXT at the same time, and the two programs work seamlessly with one another. If a non-profit has an outdated system, …
I have not used other products like this before. I have used and created some SQL databases and ERPs, but have not used fundraising-specific software such as Raiser's Edge. Based on what I know from other products vaguely similar to this - databases and ERPs - this is very user …
I believe there isn't another product that provides you with everything RENXT does. I know that is built into the cost, but I still feel that it is a far superior product to DonorPerfect and other donor databases.
RE-NXT is much more user friendly than Salesforce. Navigating the software took so many more mouse clicks and the pages were visually confusing. I will say that discontinuing or updating pledges/payment information on pledges was much easier, but that was the only good aspect …
We used Sustain software in the past. It was a small company, and it offered no training. I did my best, but in general, it was useless for us. It was too rudimentary. So now, with Blackbaud, I feel like I have the Cadillac of fundraising systems.
I am a long-time fan of Raiser's Edge and feel there is no competition in the arena that I would even consider. They are the leader in the field and continue to grow and enhance their products and add more to their solution offerings every year. We are currently considering …
DonorPerfect worked well enough, but they were upgrading and not supporting the version the organization I worked for had so when we had a choice to go with DonorPerfect's upgraded platform or change to Blackbaud's Raiser's Edge, we chose to go with Blackbaud's Raiser's Edge. …
We previously used Exceed Beyond and found it to be too basic for our needs. It lacked the analysis tools, in particular, and did not offer integrated solutions that allow us to keep everything in one system, ie. all our fundraising and accounting functions. We explored …
It is nice that all our data lives in one software. We also have a child sponsorship program and we were able to include that data in the NXT as well. It also goes along with other Blackbaud products like the FE NXT and our website. All the other software we had to do double …
I used DonorPerfect at a previous job and while it was good, it does not come close to providing the same user experience as Raiser's Edge. I did not find the reporting feature to be all that helpful and was severely limited on how much information I could pull on the donors …
We use Donately as our forward facing donor platform and it has the ability to function as a CRM. After many meetings and discussions it is without a doubt going to remain our donor platform and not a CRM. For us, Raiser's Edge NXT makes far more sense to keep our data …
It has been great to move to Raiser's Edge. I've worked with several systems over the years and Blackbaud's products have always turned out to be the best in the nonprofit world. Raiser's Edge was built for nonprofits -- not a business-based CRM shoe-horned for a nonprofit. …
Because we are using systems that are non-profit focused, we no longer have to manipulate systems to get what we need for our organization. The systems provided are tailored to our needs giving us the flexibility and availability to focus on our mission instead of utilizing …
We previously were using Frontstream for our online donations. Although the demo was slick, set up and implementation were challenging. At the time we implemented, I was not assigned a Customer Service Representative... I felt on my own, as opposed to guided to understand. Creati…
QuickBooks is not a CRM, but as an accounting system, it helped us track donors and vendors alike. However, it is not dedicated for relationship management with donors. They did have a non-profit version, but it was only slightly different from the regular version. It mostly …
We utilize Financial Edge NXT for the same reasons as using RE NXT. It is easy to quickly look up fund balances on projects, especially while we are in meetings or visiting with donors. The Financial Edge project we also utilize for not only our fundraising revenues, but also …
I have experience with management systems ranging from something as basic as Excel to Access to other more generic CRMs. Hands down, Blackbaud provides the gold standard products. The Raiser's Edge NXT deploys cutting edge technology and donor management processes to ensure …
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.
Personally, I feel that Blackbaud Raiser's Edge NXT is a good solution for any size organization. They have all you need to maintain and use data regardless of how many records. It’s easy to learn and use. Plus, they offer a ton of resources that you can use to constantly keep learning how to best use features.
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.
There is so much missing functionality in Blackbaud Raiser's Edge NXT (webview) compared to database view - whilst they repeatedly tell us to switch to webview we simply can't due to crucial functionality that is missing.
In our experience, there are a lot of false promises made, particularly when renewing contracts etc, about what functionality is coming soon to webview - particularly regarding the optional modules such as Volunteering.
An increased focus from Blackbaud and all their marketing about pushing third party vendors for certain activities (email marketing being a big one!) all of which come at an additional cost. Although these integrate into Blackbaud Raiser's Edge NXT, I would prefer Blackbaud to focus on making its own functionality up to standard rather than integrating costly 3rd party platforms.
In my experience, Support for the platform has got worse over the years - I have been waiting over six months to resolve a technical issue which is hampering our use of the functionality.
Inability to create letters within the system (which used to be a feature in RE7 database view) is a huge issue for our supporter base who still appreciate paper-based acknowledgement letters.
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.
We have a lot invested in NXT and it suits our needs perfectly. There would be no reason for us to consider a needless conversion to a new solution. I do not believe there is any other product on the market that would be worth considering.
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.
NXT seems easy to learn on a relatively deep level. There are glitches, like with everything, but it is usually easy to see where they are, most of time. I like that Development staff can choose what they want to see and where they want to see it, and it doesn’t affect my screen.
The only reason I cannot give a 10 is because like all web based products, internet connection is required and that is not something that can be counted on 100% of the time. When the internet connection is stable, I have had little to no issues using Raiser's Edge.
NXT itself is a pretty simple interface, and is great for front-line fundraisers to be able to look up info and run some simple "reports"/analysis. It's very quick and intuitive, but the back-end attached to it (RE 7.96) may have connectivity issues from time to time. NXT itself, though, is simple enough that issues are rare.
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
Overall I feel like I receive sufficient assistance when reaching out to Blackbaud's Support area. When my questions cannot be answered completely during an online chat I appreciate the ability to easily access the ongoing notes so everything is together. It can be frustrating at times, though, as emailing back and forth seems to make solutions take longer.
When you get a good, knowledgeable person for in-person training, you can't beat it! Hands on, real time, questions answered on the spot. And they want to make sure you get what you needed before leaving. To also have dedicated time without other distractions is very important to the learning process in my opinion.
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.
As with most trainings, the learning curve is more difficult when mostly online, and I felt that we could have used more check-ins once we'd been using the product for a few months. Most things were explained well enough, but the difficulties discovered through use were not always addressed right away.
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.
Training is key. Blackbaud offered the training package prior to implementation and it helped us understand how to build it so that the future use would be appropriate to the operation of the organization. Data conversion stage was also very important. A lot of work must be done before making the final decisions about the data conversion - what data to convert and what to leave out, where certain information was supposed to be placed within RE.
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.
I have not used other products like this before. I have used and created some SQL databases and ERPs, but have not used fundraising-specific software such as Raiser's Edge. Based on what I know from other products vaguely similar to this - databases and ERPs - this is very user friendly and easy to pick up for anyone, especially with their NXT webview offering.
Pricing really seems to be all over the place, and everything else you need is an extra add-on cost. The biggest issue is training. Options are limited unless you subscribe and pay for it across your contract.
New features are constantly being added to Raiser's Edge NXT that expand its capabilities. Features such as constituent mapping and easily accessible actions allow for more in-depth analysis of existing constituents. The future ability to manipulate soft-credits and customize reporting dashboards will make NXT even more attractive to our fundraisers and executives. It's great to see that the software is evolving.
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.
Having everything in one system means that information is much more likely to be up to date. We hardly get any returned mail from the post office when we pull lists.
Our gift officers can easily pull up donor information on their phones while out on a visit, giving them the edge they need to close a gift.
Information tiles on a person's record that are easy to reorganize and collapse per the needs of each user makes finding pertinent information quick.