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Blackbaud Financial Edge NXT

Score6.8 out of 10

315 Reviews and Ratings

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What is Blackbaud Financial Edge NXT?

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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Categories & Use Cases

Media

Screenshot of Board Meeting Book Balances
Screenshot of Budget Record
Screenshot of Director of Development Dashboard
Screenshot of Organizational Overview
Screenshot of Project Record
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Screenshot of Board Meeting Book Balances

Who Buys & Uses Blackbaud Financial Edge NXT

Blackbaud Financial Edge NXT Reviews

What users are saying about Blackbaud Financial Edge NXT.
View all Blackbaud Financial Edge NXT reviews

Pros

  • User-friendly interface for daily financial operations
  • Robust financial reporting and tracking capabilities
  • Seamless integration with other Blackbaud products like Raiser's Edge NXT

Cons

  • Reporting module is slow and cumbersome, requiring extensive navigation
  • Limited automation for accounts payable and automated invoice/purchase order sending
  • Challenges in accessing direct live support for complex issues

Blackbaud Financial Edge NXT Gives You An Edge

Incentivized
Dr. Carroll GalvinView profile
VP/Sr. Director at Higher Education (201-500 employees)

Use Cases and Deployment Scope

Blackbaud Financial Edge NXT has been and continues to be an amazing product! I have used it at multiple institutions. It's ease of integration with the other Blackbaud suite of products gives it an edge versus its competitors. The financial analysis tools are particularly helpful in a college or university setting.

Pros

  • Financial reporting
  • Front-end user experience
  • Dashboards

Cons

  • Ensuring accuracy of financial data
  • Integration with non-Blackbaud products
  • Ease of use for novices

Return on Investment

  • Return on Investment
  • Ease of use for accounting staff
  • Good application of data for complete financial pictures

Alternatives Considered

Blackbaud Raiser's Edge NXT

Other Software Used

Blackbaud Raiser's Edge NXT

Blackbaud Financial Edge NXT

Incentivized
Cynthia E. Williams, MBAView profile
External Relations Consultant in Finance and Accounting at Phoenix Global Corporation (501-1000 employees)

Use Cases and Deployment Scope

We use Blackbaud Financial Edge NXT to help with fundraising, events management, and donor engagement.

Pros

  • Donor Management
  • Record Management
  • Prospect Research
  • Fundraising Management
  • Online Giving
  • Marketing Campaigns

Cons

  • Donor analysis
  • Donor capacity to give with targeted strategy
  • Individually designed marketing campaigns

Return on Investment

  • Analyzes donors giving history to incorporate a target fundraising strategy
  • Helps manage donor relationships and improve data driven decision making
  • Enhances growth strategy using A-1

Alternatives Considered

Bonterra DonorDrive

Easy to Use and Effective.

Incentivized
Verified User
Contributor in Human Resources (51-200 employees)

Use Cases and Deployment Scope

Working in a non-profit, everything has to be coded and broken down so that money flows in and out of the correct accounts. Using Blackbaud Financial Edge NXT helps us break down costs effectively and efficiently, ensuring money flows correctly through the organization and its vendors. Additionally, I believe there is a learning curve for someone like myself who has never had to code company expenses but it is also fairly easy to become familiar with and find your way around!

Pros

  • Allow you to allocate one invoice to multiple cost centers.
  • User friendly.
  • Display invoices and allow you to use past examples for a new expense that is similar.

Cons

  • Learning library.

Return on Investment

  • Expense Management.
  • Process Efficiency.
  • Enhance Accountability.

Other Software Used

ADP Workforce Now, Adobe Acrobat

Blackbaud Financial Edge NXT has been a great help to our small nonprof

Incentivized
Verified User
Account Manager in Sales (1-10 employees)

Use Cases and Deployment Scope

We are a nonprofit who uses Blackbaud Financial Edge NXT to filter our donors based on their interaction with us. How they like to be reached and how often. It has been critical for keeping our relationships going as different members go on thank you visits to be able to read past actions and notes so the donor feels remembered and appreciated. Mapping is also helpful as we travel to schedule meetings in out of town areas. As we are not in a big city, we make the most of our travels. Often donors will reach out to us in new ways and us updating new emails and phone #'s for future contact. We love Blackbaud Financial Edge NXT.

Pros

  • Gathering our gifts by specific methods so we know who gave for what and what motivated them
  • Monthly donor tracking with hard and soft rejects is critical

Cons

  • Tracking a pledge balance while they give automatically needs to be a feature. You have to track it manually, or else when you run reports, it counts the pledge and the donations as totals collected.

Return on Investment

  • We have been able to better separate our donors so we can send them targeted appeals that fit what they are passionate about within our org.
  • It has also allowed us to send "A and B" forms of appeals randomly to our givers so we can better strategize which style to use in the future

Alternatives Considered

HubSpot Marketing Hub

Other Software Used

HubSpot Marketing Hub

Blackbaud Financial Edge NXT still the industry standard

Incentivized
Verified User
Executive in Finance and Accounting (51-200 employees)

Use Cases and Deployment Scope

I use Blackbaud Financial Edge NXT as an Accounting software for non-profit school. General ledger, AP, expense management, treasury.

Pros

  • Automation
  • Remote login
  • Security

Cons

  • Reporting
  • New features timelines

Return on Investment

  • Automation increases efficiency

Alternatives Considered

QuickBooks Online

Other Software Used

Paycom, Intuit TurboTax

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