What users are saying about
22 Ratings
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Score 7.8 out of 101
90 Ratings
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Score 8.7 out of 101

Likelihood to Recommend

Financial Edge

Financial edge is great for tracking revenue and expenses for specific donor-designated gifts. It is easy to create projects for each designation that allows for tracking and reporting. I would like to see some expansion in reporting based on projects. We currently have built custom reports for reporting to our end-users and donors on project balances.
Stephanie Ulmer profile photo

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 profile photo

Feature Rating Comparison

Payroll Management

Financial Edge
8.1
Financial Edge NXT
5.2
Pay calculation
Financial Edge
9.0
Financial Edge NXT
5.0
Benefit plan administration
Financial Edge
7.0
Financial Edge NXT
Direct deposit files
Financial Edge
8.0
Financial Edge NXT
5.2
Salary revision and increment management
Financial Edge
7.5
Financial Edge NXT
4.3
Reimbursement management
Financial Edge
9.0
Financial Edge NXT
6.2

Customization

Financial Edge
8.0
Financial Edge NXT
7.0
API for custom integration
Financial Edge
9.0
Financial Edge NXT
8.0
Plug-ins
Financial Edge
7.0
Financial Edge NXT
6.0

Security

Financial Edge
8.6
Financial Edge NXT
6.8
Single sign-on capability
Financial Edge
8.2
Financial Edge NXT
7.4
Role-based user permissions
Financial Edge
9.1
Financial Edge NXT
6.3

Reporting & Analytics

Financial Edge
8.3
Financial Edge NXT
6.9
Dashboards
Financial Edge
8.2
Financial Edge NXT
6.8
Standard reports
Financial Edge
8.0
Financial Edge NXT
6.9
Custom reports
Financial Edge
8.7
Financial Edge NXT
6.9

General Ledger and Configurable Accounting

Financial Edge
7.5
Financial Edge NXT
7.2
Accounts payable
Financial Edge
8.5
Financial Edge NXT
7.5
Accounts receivable
Financial Edge
7.7
Financial Edge NXT
6.7
Cash management
Financial Edge
7.7
Financial Edge NXT
7.2
Bank reconciliation
Financial Edge
7.9
Financial Edge NXT
7.1
Expense management
Financial Edge
7.5
Financial Edge NXT
7.3
Time tracking
Financial Edge
5.6
Financial Edge NXT
6.4
Fixed asset management
Financial Edge
7.9
Financial Edge NXT
7.4
Multi-currency support
Financial Edge
7.6
Financial Edge NXT
7.9
Multi-division support
Financial Edge
8.0
Financial Edge NXT
6.8
Regulations compliance
Financial Edge
7.6
Financial Edge NXT
7.7
Electronic tax filing
Financial Edge
7.0
Financial Edge NXT
5.6
Self-service portal
Financial Edge
6.4
Financial Edge NXT
8.3
Global Financial Support
Financial Edge
7.1
Financial Edge NXT
Primary and Secondary Ledgers
Financial Edge
7.4
Financial Edge NXT
Intercompany Accounting
Financial Edge
7.7
Financial Edge NXT
Localizations
Financial Edge
8.0
Financial Edge NXT
Journals and Reconciliations
Financial Edge
8.1
Financial Edge NXT
Enterprise Accounting
Financial Edge
7.6
Financial Edge NXT
Configurable Accounting
Financial Edge
7.0
Financial Edge NXT
Centralized Rules Framework
Financial Edge
7.6
Financial Edge NXT
Standardized Processes
Financial Edge
7.6
Financial Edge NXT

Inventory Management

Financial Edge
8.0
Financial Edge NXT
Location management
Financial Edge
8.0
Financial Edge NXT

Order Management

Financial Edge
8.0
Financial Edge NXT
4.2
Pricing
Financial Edge
8.0
Financial Edge NXT
6.2
Order entry
Financial Edge
8.0
Financial Edge NXT
Credit card processing
Financial Edge
8.0
Financial Edge NXT
4.8
Cost of goods sold
Financial Edge
8.0
Financial Edge NXT
1.5
Order Orchestration
Financial Edge
8.0
Financial Edge NXT
End-to-end order visibility
Financial Edge
8.0
Financial Edge NXT
Order exception Resolution
Financial Edge
8.0
Financial Edge NXT

Pros

Financial Edge

  • Grant Management - nothing is more harrowing than grant reporting, and FE does it best. It allows for layered budgets and limitless division of expenses among grants, overhead, or other projects/programs.
  • Reporting - Most financial software tries to adapt for-profit accounting into a non-profit mode without addressing the unique needs of a nonprofit for reporting and auditing.
  • Multiple projects and/or cost centers within a budget and system - nothing is more challenging than trying to manage expenses over several cost centers and FE is a champ at allowing that complexity.
Wendy Johnson profile photo

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 profile photo

Cons

Financial Edge

  • In the list view of Journal Entries, it would be great if we could see the post date in addition to the date added.
  • Fixed Asset module is not set up for some unique scenarios (removing a previously "acquired asset" that was not necessarily disposed of, but place in FA in error).
  • Reporting within the FE application is not so great, so F-9 saves the day with respect to reporting.
Sunny Reed profile photo

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
No photo available

Likelihood to Renew

Financial Edge

No score
No answers yet
No answers on this topic

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 profile photo

Usability

Financial Edge

No score
No answers yet
No answers on this topic

Financial Edge NXT

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

Support

Financial Edge

No score
No answers yet
No answers on this topic

Financial Edge NXT

Financial Edge NXT 8.2
Based on 2 answers
I would prefer that we have full customer support for FE NXT but there was an additional charge for the ability to call support which we felt was not cost effective. When we have used chat and online support the response has been good and issues resolved in a timely manner.
Kathy Carroll profile photo

Implementation

Financial Edge

No score
No answers yet
No answers on this topic

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 profile photo

Alternatives Considered

Financial Edge

I have used EMPS system, which also works the same as Financial Edge. Financial is easier for A/P entry and A/R entry. However, it isn't very user-friendly when trying to look up batches or check-runs previously made. EMPS system works better when looking for check-runs.
No photo available

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 profile photo

Return on Investment

Financial Edge

  • That is difficult to answer, as the organization has used Financial Edge for a very long time. I would say the ability to add a project ID to any transaction in the GL makes it much easier to report on all revenue and expenses belonging to a single project, without having to create project-specific accounts.
Petra Hall profile photo

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.
No photo available

Screenshots

Financial Edge

Pricing Details

Financial Edge

General

Free Trial
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

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