What users are saying about
27 Ratings
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Score 8.4 out of 100
95 Ratings
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Score 8.7 out of 100

Likelihood to Recommend

Financial Edge

  • Financial Edge is well suited for traditional day to day accounting, accounts payable, and related needs.
  • Financial Edge dashboard does not provide a snapshot view of data that I have found are available through other platforms (like QBO).
William (Bill) Sanders, CPA | TrustRadius Reviewer

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

Feature Rating Comparison

Payroll Management

Financial Edge
8.1
Financial Edge NXT
7.3
Pay calculation
Financial Edge
8.9
Financial Edge NXT
4.9
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
9.9
Reimbursement management
Financial Edge
9.0
Financial Edge NXT
9.0

Customization

Financial Edge
8.1
Financial Edge NXT
7.8
API for custom integration
Financial Edge
8.0
Financial Edge NXT
8.5
Plug-ins
Financial Edge
8.1
Financial Edge NXT
7.0

Security

Financial Edge
9.3
Financial Edge NXT
8.8
Single sign-on capability
Financial Edge
8.9
Financial Edge NXT
8.9
Role-based user permissions
Financial Edge
9.8
Financial Edge NXT
8.7

Reporting & Analytics

Financial Edge
8.3
Financial Edge NXT
8.2
Dashboards
Financial Edge
6.4
Financial Edge NXT
7.3
Standard reports
Financial Edge
9.3
Financial Edge NXT
8.7
Custom reports
Financial Edge
9.3
Financial Edge NXT
8.7

General Ledger and Configurable Accounting

Financial Edge
7.8
Financial Edge NXT
8.2
Accounts payable
Financial Edge
8.8
Financial Edge NXT
9.0
Accounts receivable
Financial Edge
7.6
Financial Edge NXT
7.0
Cash management
Financial Edge
8.3
Financial Edge NXT
9.0
Bank reconciliation
Financial Edge
8.1
Financial Edge NXT
8.7
Expense management
Financial Edge
8.0
Financial Edge NXT
8.9
Time tracking
Financial Edge
7.0
Financial Edge NXT
6.4
Fixed asset management
Financial Edge
8.5
Financial Edge NXT
9.0
Multi-currency support
Financial Edge
7.3
Financial Edge NXT
7.9
Multi-division support
Financial Edge
7.7
Financial Edge NXT
9.0
Regulations compliance
Financial Edge
7.6
Financial Edge NXT
9.8
Electronic tax filing
Financial Edge
6.6
Financial Edge NXT
5.3
Self-service portal
Financial Edge
6.7
Financial Edge NXT
9.0
Global Financial Support
Financial Edge
6.6
Financial Edge NXT
Primary and Secondary Ledgers
Financial Edge
8.3
Financial Edge NXT
Intercompany Accounting
Financial Edge
8.5
Financial Edge NXT
Localizations
Financial Edge
7.5
Financial Edge NXT
Journals and Reconciliations
Financial Edge
8.5
Financial Edge NXT
Enterprise Accounting
Financial Edge
7.5
Financial Edge NXT
Configurable Accounting
Financial Edge
8.0
Financial Edge NXT
Centralized Rules Framework
Financial Edge
7.8
Financial Edge NXT
Standardized Processes
Financial Edge
8.1
Financial Edge NXT

Inventory Management

Financial Edge
7.5
Financial Edge NXT
Inventory tracking
Financial Edge
8.2
Financial Edge NXT
Automatic reordering
Financial Edge
6.4
Financial Edge NXT
Location management
Financial Edge
8.1
Financial Edge NXT
Manufacturing module
Financial Edge
7.3
Financial Edge NXT

Order Management

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

  • Financial edge is able to be customized in a way that fits our organization.
  • Financial edge is able to provide reports to our end-users on budget versus actual account balances.
  • Financial edge is able to handle a large volume of transactions with ease, having built-in capabilities for batching and balancing.
Stephanie Ulmer | TrustRadius Reviewer

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

Cons

Financial Edge

  • Metrics in the reporting features could be enhanced to allow for cross-year/event comparisons.
  • It does not allow for single-sign-on from other platforms, requiring additional keystrokes for access/exit.
Anonymous | TrustRadius Reviewer

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

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 | TrustRadius Reviewer

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 | TrustRadius Reviewer

Support Rating

Financial Edge

No score
No answers yet
No answers on this topic

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

Implementation Rating

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 | TrustRadius Reviewer

Alternatives Considered

Financial Edge

Most FE installations I have participated in were from QuickBooks Pro. QuickBooks, if set up well, is a great alternative for the smaller association or nonprofit, but it has challenges handling some of the unique aspects of nonprofit accounting. Recent editions of QuickBooks Pro have included a new nonprofit component, but it can be difficult to use.
Wendy Johnson | TrustRadius Reviewer

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

Return on Investment

Financial Edge

  • Financial Edge has enabled us to save time with respect to monthly reporting.
  • Financial Edge has helped us streamline some larger entries that were once a pain to enter in Fundware.
  • The F-9 plug allows us to report information in our desired format as opposed to using the reports within the FE application.
  • Overall, I would say that Financial Edge definitely saves us time on closing each month which frees us up for other projects within our department.
Sunny Reed | TrustRadius Reviewer

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

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

Rating Summary

Likelihood to Recommend

Financial Edge
8.5
Financial Edge NXT
8.2

Likelihood to Renew

Financial Edge
Financial Edge NXT
7.8

Usability

Financial Edge
Financial Edge NXT
5.5

Support Rating

Financial Edge
Financial Edge NXT
10.0

Implementation Rating

Financial Edge
Financial Edge NXT
6.4

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