What users are saying about
95 Ratings
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Score 8.7 out of 100
12 Ratings
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Score 8 out of 100

Likelihood to Recommend

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

FinancialForce Accounting

For accounting systems, users and/or evaluators often want to see some type of matrix or "heads up" comparisons of specific features and functionality of a system in key areas such as:1) General Ledger2) Order to Cash cycle3) Purchase to Pay cycle4) Cash management5) Inventory and/or Cost Accounting (Projects/Jobs, etc)6) Revenue Recognition7) Fixed Assets management8) Budgets9) Tax10) Reports and AnalysisIt would be great if this kind of matrix existed to be filled in by reviewers so that others could benefit from their perspectives about the applications and how they address or handle the specific features/functionality.With respect to FinancialForce, the company has found that nearly all the key features it needed were available from the application.
Lynne Taylor | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Financial Edge NXT
7.3
FinancialForce Accounting
8.4
Pay calculation
Financial Edge NXT
4.9
FinancialForce Accounting
8.5
Direct deposit files
Financial Edge NXT
5.2
FinancialForce Accounting
9.0
Salary revision and increment management
Financial Edge NXT
9.9
FinancialForce Accounting
8.5
Reimbursement management
Financial Edge NXT
9.0
FinancialForce Accounting
8.0
Benefit plan administration
Financial Edge NXT
FinancialForce Accounting
8.0

Customization

Financial Edge NXT
7.8
FinancialForce Accounting
8.0
API for custom integration
Financial Edge NXT
8.5
FinancialForce Accounting
8.0
Plug-ins
Financial Edge NXT
7.0
FinancialForce Accounting
8.0

Security

Financial Edge NXT
8.8
FinancialForce Accounting
9.2
Single sign-on capability
Financial Edge NXT
8.9
FinancialForce Accounting
9.6
Role-based user permissions
Financial Edge NXT
8.6
FinancialForce Accounting
8.7

Reporting & Analytics

Financial Edge NXT
8.2
FinancialForce Accounting
7.4
Dashboards
Financial Edge NXT
7.3
FinancialForce Accounting
7.7
Standard reports
Financial Edge NXT
8.7
FinancialForce Accounting
6.4
Custom reports
Financial Edge NXT
8.7
FinancialForce Accounting
8.0

General Ledger and Configurable Accounting

Financial Edge NXT
8.2
FinancialForce Accounting
7.8
Accounts payable
Financial Edge NXT
9.0
FinancialForce Accounting
8.3
Accounts receivable
Financial Edge NXT
7.0
FinancialForce Accounting
7.0
Cash management
Financial Edge NXT
9.0
FinancialForce Accounting
7.7
Bank reconciliation
Financial Edge NXT
8.7
FinancialForce Accounting
8.2
Expense management
Financial Edge NXT
8.9
FinancialForce Accounting
9.0
Time tracking
Financial Edge NXT
6.4
FinancialForce Accounting
7.0
Fixed asset management
Financial Edge NXT
9.0
FinancialForce Accounting
7.5
Multi-currency support
Financial Edge NXT
7.9
FinancialForce Accounting
10.0
Multi-division support
Financial Edge NXT
9.0
FinancialForce Accounting
6.0
Regulations compliance
Financial Edge NXT
9.8
FinancialForce Accounting
8.5
Electronic tax filing
Financial Edge NXT
5.3
FinancialForce Accounting
9.0
Self-service portal
Financial Edge NXT
9.0
FinancialForce Accounting
8.9
Global Financial Support
Financial Edge NXT
FinancialForce Accounting
7.5
Primary and Secondary Ledgers
Financial Edge NXT
FinancialForce Accounting
7.0
Intercompany Accounting
Financial Edge NXT
FinancialForce Accounting
6.6
Journals and Reconciliations
Financial Edge NXT
FinancialForce Accounting
6.8
Enterprise Accounting
Financial Edge NXT
FinancialForce Accounting
7.3
Configurable Accounting
Financial Edge NXT
FinancialForce Accounting
7.2
Centralized Rules Framework
Financial Edge NXT
FinancialForce Accounting
8.5
Standardized Processes
Financial Edge NXT
FinancialForce Accounting
8.0

Order Management

Financial Edge NXT
5.8
FinancialForce Accounting
8.1
Pricing
Financial Edge NXT
6.5
FinancialForce Accounting
8.0
Credit card processing
Financial Edge NXT
9.4
FinancialForce Accounting
8.5
Cost of goods sold
Financial Edge NXT
1.4
FinancialForce Accounting
8.0
Order entry
Financial Edge NXT
FinancialForce Accounting
8.0

Inventory Management

Financial Edge NXT
FinancialForce Accounting
10.0
Inventory tracking
Financial Edge NXT
FinancialForce Accounting
10.0
Automatic reordering
Financial Edge NXT
FinancialForce Accounting
10.0
Location management
Financial Edge NXT
FinancialForce Accounting
10.0
Manufacturing module
Financial Edge NXT
FinancialForce Accounting
10.0

Pros

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

FinancialForce Accounting

  • User interface is more modern and user-friendly than other software
  • Dashboards allow for good visual interpretation
  • Reports are able to be customized to better fit users' needs
Anonymous | TrustRadius Reviewer

Cons

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

FinancialForce Accounting

  • Since SalesForce was not made with accounting in mind, building FinancialForce as a module on top of SalesForce gives problems because the overarching architect of SalesForce cannot facilitate all the accounting requirements.
  • The FinancialForce integration team was not very good, and did not help us set up our FinancialForce very well. Their customer support is also lacking and takes a long time to respond and troubleshoot our problems.
  • FinancialForce doesn't actually build financial statement reports. We were only able to run a trial balance, and we had to build the statements ourselves in Excel.
Anonymous | TrustRadius Reviewer

Likelihood to Renew

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

FinancialForce Accounting

FinancialForce Accounting 10.0
Based on 1 answer
The company has now converted its legacy, "home grown" operations system and built it on the force.com platform, and the integration between it and FinancialForce is deeply entrenched. No other application would be able to replicate this functionality, and the company will be able to scale and leverage the force.com platform as it grows.
Lynne Taylor | TrustRadius Reviewer

Usability

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

FinancialForce Accounting

FinancialForce Accounting 10.0
Based on 1 answer
Change management is always an issue, but the evidence of the application's usability is that both long-time employees (used to the legacy systems for many years) and newer employees have been able to learn the system and improve their business processes.
Lynne Taylor | TrustRadius Reviewer

Reliability and Availability

Financial Edge NXT

No score
No answers yet
No answers on this topic

FinancialForce Accounting

FinancialForce Accounting 10.0
Based on 1 answer
Unless the internet is completely unavailable - which has not happened yet - the application is always accessible. Since FinancialForce is built on the force.com platform, it's uptime is tied to Salesforce security and system performance standards
Lynne Taylor | TrustRadius Reviewer

Performance

Financial Edge NXT

No score
No answers yet
No answers on this topic

FinancialForce Accounting

FinancialForce Accounting 9.0
Based on 1 answer
If Visualforce pages are enabled, they sometimes slow down the load time.
Lynne Taylor | TrustRadius Reviewer

Support Rating

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

FinancialForce Accounting

FinancialForce Accounting 10.0
Based on 1 answer
The response time for FinancialForce is exemplary. Immediate acknowledgement of the support request by automatically logging a case/ticket on the provider side, then less than 24-hour follow up by a support team member with specific questions, information or resolution for the issue.
Lynne Taylor | TrustRadius Reviewer

Online Training

Financial Edge NXT

No score
No answers yet
No answers on this topic

FinancialForce Accounting

FinancialForce Accounting 10.0
Based on 1 answer
Through its Xtra login website available to its customers, FinancialForce offers a complete set of online, video tutorials, training and documentation. Each tutorial is "bite-sized", meaning it imparts instructional, step-by-step information in 2-3 minute narrated videos. For a particular cycle or process, like invoices to payments for example, each tutorial builds on the last so that the user can get a complete picture of the steps and process in less than 10 minutes.
Lynne Taylor | TrustRadius Reviewer

Implementation Rating

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

FinancialForce Accounting

FinancialForce Accounting 10.0
Based on 1 answer
The company decided to run parallel for three months in order to soften the impact of the change from the legacy "system" - which users had been interfacing with for over a decade - to FinancialForce. While not recommended, this did provide time for the in-house "super user" team of 2 people to become completely familiar with the application, and thus provide hands-on training and be a resource for the users who would be processing the daily accounting transactions.
Lynne Taylor | TrustRadius Reviewer

Alternatives Considered

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

FinancialForce Accounting

Compared to other accounting software FinancialForce Accounting has its good and bad aspects but overall it is a good option. Reporting directly from FinancialForce Accounting can be difficult to do, but standard accounting tasks are straightforward and not time-consuming to complete in FinacialForce Accounting. In addition, it has a few very useful tools and capabilities, such as the multi-currency multi-location capabilities, that are difficult to match
Anonymous | TrustRadius Reviewer

Return on Investment

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

FinancialForce Accounting

  • Beneficial to easily be able to track impact of fluctuating currencies.
  • Integration with Salesforce.com reduced/elimintated manual entry which saves various colleagues time.
  • Increased visibility over the entire sales cycle because of the integration between Salesforce.com & FinancialForce Accounting.
Anonymous | TrustRadius Reviewer

Screenshots

FinancialForce Accounting

Pricing Details

Financial Edge NXT

General

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

FinancialForce Accounting

General

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

Rating Summary

Likelihood to Recommend

Financial Edge NXT
8.2
FinancialForce Accounting
7.8

Likelihood to Renew

Financial Edge NXT
7.8
FinancialForce Accounting
10.0

Usability

Financial Edge NXT
5.5
FinancialForce Accounting
10.0

Reliability and Availability

Financial Edge NXT
FinancialForce Accounting
10.0

Performance

Financial Edge NXT
FinancialForce Accounting
9.0

Support Rating

Financial Edge NXT
10.0
FinancialForce Accounting
10.0

Online Training

Financial Edge NXT
FinancialForce Accounting
10.0

Implementation Rating

Financial Edge NXT
6.4
FinancialForce Accounting
10.0

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