Likelihood to Recommend 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 Our role as treasurer changes every year, so having a tool that is so easy to use and has such great technical support will make the process of transitioning so much easier. Additionally, I am much more confident that the records are accurate. Live Chat is very helpful. Technical concerns and business options for how to best use MoneyMinder can be addressed by the support staff.
Read full review Pros 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. Read full review With no previous experience, make board transitions seamless and books transparent. Integrate banking transactions, reconcile bank accounts, create budgets, track members/volunteers/donors, generate reports, store documents, and calculate 990EZ & 1099 totals. Group treasurers can manage all their finances for one low fee per year. Read full review Cons 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 The set-up was a bit confusing until I figured out I could match the budget to the categories. I was intimidated by the idea of having to learn how to use a software program to fulfill my duties. "All I dislike about the budget tool is the graphic interface. I find the indentations of the categories, subcategories, etc. to be hard to read." Read full review Likelihood to Renew 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 Usability 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.
Read full review Support Rating 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
Read full review Implementation Rating 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.
Read full review Alternatives Considered 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.
Read full review When we switched Treasurers, there was a lack of consistency in how records were managed, and historical funds were misplaced. I could go on, but in a nutshell, it was a nightmare for records. Quickbooks is more difficult to understand and use. I also based in on reviews from other users compared to how they liked this software versus the other.
Read full review Return on Investment 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. Read full review It's designed for HOAs or POAs like ours without requiring a large upfront expenditure. Ability to enter and pull data from the system with ease. I received complete assistance in setting up the system using a spreadsheet I provided, as well as some minor customization. Read full review ScreenShots Blackbaud Financial Edge NXT Screenshots