Overview
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.
Blackbaud Financial Edge NXT, for the WIN!!
Much improved from Great Plains
Not-For Profit Blackbaud Financial Edge NXT Customer
Improved productivity
Old and new user and a bookkeeper my entire working life
overview of Blackbaud FE
if you are a new user, the …
Bumps along the way, but ultimately made our department way more efficient.
Fantastic! Offering the ability to effectively work now while growing for future advancement.
Excellent fund accounting and integrated solution for your donor/fundraising database.
Blackbaud FE NXT valued choice
Accounting for Grantmaking
Beware - proceed with extreme caution!!!!!
Great product, but be prepared for average implementation & customer service support.
Satisfied and pretty great, but could use some slight adjustments
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Reviewer Pros & Cons
Video Reviews
Leaving a video review helps other professionals like you evaluate products. Be the first one in your network to record a review of Blackbaud Financial Edge NXT, and make your voice heard!
Pricing
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.
Entry-level set up fee?
- Setup fee required
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting / Integration Services
Would you like us to let the vendor know that you want pricing?
14 people also want pricing
Alternatives Pricing
What is QuickBooks Online?
QuickBooks Online is a SaaS version of the QuickBooks product. It contains all of the features found in the local version. Higher-priced plans include greater automation, payment management, inventory and time tracking, and analytics features.
Product Details
- About
- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Blackbaud Financial Edge NXT?
Financial Edge NXT is a cloud accounting solution from Blackbaud that is designed to provide transparency across teams, security, compliance, and reduce the need for manual processes. The system is a fund accounting solution that provides a general ledger, projects, grants, endowments, accounts payable and receivable, fixed assets, banking, and more.
This solution includes a personalized dashboard and customizable views. Financial Edge NXT enables users to closely monitor income statements, program-to-expense ratios, cash balances, and other key metrics. Financial Edge NXT offers real-time reporting, with one-click drill-down functionality and export capability, to enable data-driven decisions in real time.
The system allows users access to grant and project accounting that allows for streamlined management of budget, as well as a way to effectively monitor accounts and generate reports. The vendor’s value proposition is that by using Financial Edge NXT, nonprofits can reduce dependency on manual processes, thus improving data entry accuracy.
Blackbaud Financial Edge NXT Features
- Supported: Cloud Based
- Supported: Manage advanced allocations within product
- Supported: Flexible chart-of-accounts structure
- Supported: Project, Grant and Endowment reporting comes standard
Blackbaud Financial Edge NXT Screenshots
Blackbaud Financial Edge NXT Video
Blackbaud Financial Edge NXT Integrations
- PairSoft
- BizNet Software
- AvidXchange
- Infor F9
- Advanced Budget Management
Blackbaud Financial Edge NXT Competitors
Blackbaud Financial Edge NXT Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
---|---|
Operating Systems | Unspecified |
Mobile Application | Apple iOS, Android, Mobile Web |
Supported Countries | United States, Canada |
Supported Languages | English |
Blackbaud Financial Edge NXT Downloadables
Frequently Asked Questions
Comparisons
Compare with
Reviews and Ratings
(261)Attribute Ratings
Reviews
(1-25 of 132)Blackbaud Financial Edge NXT is for Me
- Reports
- Vendor Information
- Adding new funds
- Import Journal Entries
- Asset Allocation
Blackbaud Financial Edge NXT, for the WIN!!
- Robust Accounts Payable features and customization
- Built in Expense Management (expense approval) workflows also fully customizable
- Credit card feed capabilities
- 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
I would not recommend this software in for-profit industries.
Much improved from Great Plains
- pretty easy to use
- accounts payable invoice scanning is a great feature.
- the ability to spread costs is easier than the old system
- purchase requisition piece
- layout and appearance of income statement
- ability to get check signature to "look better"
- slowness at times
Not-For Profit Blackbaud Financial Edge NXT Customer
- Separates accounts by project for fund tracking
- Tracks AP
- Manages fixed assets
- Reconciliation between bank register and general ledger
- Adjusting for partial sales of fixed assets
- Editing credit memos after they have been applied
Improved productivity
- Runs fantastic reports
- Ease of use from a user standpoint
- Regions bank cards
- Bank reconciliation
- bank info not loading completely. If i don't get everything from the bank feed , i ignore it all and do it manually. it's too much work if it doesn't all load. this happens regularly
- the green dot of death is frustrating when it happens.
- Running queries out of database view
- Entering Journal Entries - the feel is that of Excel and I like it.
- Financial Reporting - tons of options! Anything a board member would ask me for.
- Budget module is easy to use as well with lots of options.
- It would be impossible to please every user. Some like the "old" way. As in database view. It is hard to take time to learn new things sometimes.
- Any missing functionality can be discussed on the community forum and if enough user have the same opinion, Blackbaud is good at considering changing things.
- Journal Entries are much easier to use now than when we went live with Blackbaud Financial Edge NXT. And they continue to improve the functionality.
Blackbaud Financial Edge NXT has as much or as less for a company to choose from. The cost associated with it could be prohibitive to some smaller companies. We are a 501c3 and as costs keep rising, there is a need to watch spending. But as I am often reminded, "Accounting is a necessary evil and the better equipped I am the better the company will be.
overview of Blackbaud FE
if you are a new user, the reports are not very intuitive, you need to have board criteria's. there are no 'canned' reports, so you have to build your own, but once built, they are there to edit what your needs are for reporting.
- applying manual checks to invoices
- being able to export listings of vendors invoices for review or sending to vendor
- putting in new vendors, i go to the data base side to input new vendors, the cloud side is not intuitive for entering information
- having better reporting, as mentioned, no canned reports that could be edited for your business use, or even just having one that are generic enough to get quick information
- the chat, sometimes even the person you are chatting with doesn't know the product well enough to help you through things, you have to re-explain things several times. a bit frustrating
we are a non-profit and we do use the project and location areas, but the naming convention is sometimes confusing on what is used for what (project, or t-code)
Blackbaud Financial Edge NXT expense management has been great for us. Being able to set up approval rules and access for specific budgets and how easy it is to manage and adjust as needed has been great. It is a very user-friendly interface, so it's easy to train on and use. The custom management reports help make tracking projects a lot easier and has made our budget process so much easier. It is not a live tracking system throughout the year, rather than a big, time consuming project once a year to get it pushed out.
Using Blackbaud Financial Edge NXT - while implementation took a while - having the ability to view the trial balance and other reports with unposted transactions in the general ledger made it possible for us to fine-tune it and make sure we had it exactly as we needed it before posting and finalizing the initial data put into the system. I like the flexibility in our chart of accounts and the ability to use projects when warranted, but not required in all areas.
- User interface and ease of use
- Expense Management and Credit Card Workflows
- Filtering on reports and ability to use unposted transactions
- Dashboards
- Some of the business rules and system wide configurations - like splitting fixed assets.
- The rules of when things can be adjusted is not consistent across all modules.
- The "mock" close is a pain and makes some reporting extremely confusing.
- The fact that entire funds close to one retained earning account, rather than being able to specify a retained earning account based on the revenue or expense coding is a system issue. That function, in particular, is very common in the NFP space.
Fantastic! Offering the ability to effectively work now while growing for future advancement.
- 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.
- I would find it helpful to be able to search by payment amount.
- When pulling a general ledger being able to see the names of the unposted activity.
- When looking at the general ledger having the payment id or the deposit id also available so you can easily navigate to the deposit or payment directly.
- Fully customized, multi-layered account number setup, so that every line represents exactly what you want to track.
- Ledger-based so you have total control over every transaction.
- Web-based user interface is very user-friendly and intuitive.
- Excellent customer service and training resources.
- User-friendly interface.
- It's a big, complex system. There are many moving parts, and as a result, sometimes it's hard to figure where you went wrong when something doesn't look like it should.
- There is a learning curve before you will feel fully comfortable. I feel as though I am still learning after five years using the system.
Blackbaud FE NXT valued choice
- Ease of entries
- Search and look ups
- Sophistication of layers
- Integrations with 3rd party users
- Reduce complexities of the UI
- Open the API and compete with other similar customers. AI and integrations are going to eat it for lunch
Accounting for Grantmaking
- Excel to Blackbaud Financial Edge NXT integration and add ins
- Attachment allowance with Journal Entries and Invoices
- Journal Entry line movement functionality
- Database functions that do not exist in Blackbaud Financial Edge NXT, like custom reports
- Query only available in database
Beware - proceed with extreme caution!!!!!
- I like the vendor invoice upload capability
- Drilling down into detail is good
- The budget upload is really hard to do
- FE does not easily integrate with RE.
- Our implementation process was terrible and we were not trained properly
- Fixed asset module is a little wonky
- the credit card process from Regions was long and drawn out and then the list serve started talking a lot about the reporting coming over to BB or on BB's side was duplicating. we had gone pretty far down the process and decided to not to continue
- We were supposed to have a checkin from our Enrollment specialist in Tuition Management but that did not happen and caused an embarrasing mistake on our end.
- We had a glitch with the Enrollment contract that could have been avoided if our implementation person had told us to check a box about the deposit - since for some people it did not collect it
Previously, we used Quickbooks and a in-house billing system. Migrating to the Blackbaud suite of products has allowed us to go paperless!
In addition, our school has grown in size and the efficiencies we have gained has allowed us to grow without adding headcount in the Business Office.
- Accounts Payable - allows scanned copies of invoices
- Budgeting tool which allows multiple scenerios
- Integration with Tuition Management
- When system issues arise, it may take a while for them to be resolved.
- First line help desk may be located in another country where English is not their first language, so at times it is difficult to communicate what the issue is that you are experiencing.
- The Financial Dashboard needs to be fully integrated. Ours currently is not working for Division Heads.
I recall FENXT being more expensive than other software out there, but the efficiencies gained make up for the cost differentiation.
You just need to know going in that you may need a consultant to assist you with the implementation to ensure that your system is set up properly. And, reach out to a local users group to learn best practices and tips...
- Entering invoices with defaults auto-filling based on vendor set-up
- Reporting features are fairly straight forward and relatively easy to use
- Lots of customizable configuration options to make it work for your business
- The automatic interfund GL entries feature doesn't work in the actual GL entry feature in database mode if you have more than two companies/funds (i.e. - we have PR, PH and PA - if we do a GL entry and it involves all three funds, the entries are way off - they seem to only run them through one fund, which isn't accurate. In AP/AR, this feature works great .....but not in the GL end when more than two funds are being used.
- Reports are more robust and seem to have more accurate information in Database view; it'd be nice to be equal in web view or database.
- Also, for reporting, in web view, you can show unposted entries in your reports - it's really difficult to find this feature in database mode.
- Fix the print function in web view - it always requires a download - functional, but the extra steps are annoying.
- multiples formats offered for report export, including excel data easy to use
- provide multiple platforms--including desktop application and web based
- offer multiple, easy to use filters to run reports
- multiple webinars offered consistently to help explain and present software features
- There doesn't seem to be any A/R or accounts receivable functions on web based interface for some reason, which is greatly needed especially as the desktop interface appears very outdated, hard to view and adjust view settings, needs additional access and steps--thereby making it harder to do this work from anywhere, and so forth.
- It would be helpful to have more grants management functionality as part of web based functions.
- It would be helpful to have more options offered for grants or A/R reports.
- There is a definite need to include and track FTEs more on projects and clients, to properly track grants financially not just for internal purposes but also for a variety of audits and to comply properly with federal guidelines. This is crucial but yet still missing.
- It would be helpful if user/companies didn't always have to buy additional software programs and modules to add a variety of functionality often offered already as components included in competing software.
FENXT has been a pleasant move for us.
- Easy to get from, let's say an invoice into the vendor file.
- Attachments are easy to find.
- I love the personalizations you can do within FENXT.
- Easy to look up information.
- I think the 1099 section is hard to use within the database view.
- Dashboards don't seem to work very well.
Blackbaud FE has streamlined my day.
- Reporting
- Journal entry.
- Filter
- A separate date column for journal entries for chronological order matching bank transactions.
- The ability to reorder rows in a journal entry.
- The ability to go to a specific page in journal entry batches instead of clicking through each page.
- Accounts Payable.
- Credit Card Charges.
- Vendors.
- Budgeting.
- Bank Account Downloads frequently down.
Best Customer Services
- The way they have their deposits setup in the database is well done. It is very simple, and all the options are right there.
- I like the way fixed assets record the information and the history option.
- I would like to see an option to attach documents in the database. Also, to be able to attach deposit documents in the web view.
- Query could be a little simple, to run special reports.
Outstanding user friendly product
- Copies prior transactions for easy entry
- Well defined reports
- Easy bank reconciliation
- Sometimes there is a slight loading glitch where you are waiting for something to load.
- Sometimes transactions default to the first value instead of the correct value. My transactions sometimes default to petty cash.
- Robust tools for custom reports ("Chart Organizer") and dashboard design
- Integration with financial institutions for real-time updates to bank registers and purchase card activity
- Media storage - this product allows for attachments at every level, so that documentation for every journal entry, deposit, invoice, vendor, and payment is immediately at hand, which has revolutionized the annual audit process for me, and particularly for remote audits post-COVID.
- Drop the "database view" and provide all functionality within the "web view" of the product. It's annoying to have to jump back and forth to take care of certain tasks.
- Add the ability to search by transaction amount.
- In a payment distribution where amounts are split between Projects sometimes, the system changes the distribution when posting to a percentage-based split rather than the specific amounts I entered, causing the splits to be off by cents. This can go unnoticed until individual Projects are found to be slightly out of balance, forcing otherwise unnecessary journal entries.
- Dashboard data is not refreshed often enough.
Grant specific tracking
- Separate project accounting
- Easily reclass expenses by Invoice
- Reporting is easy to understand
- Journal entries can be copied and edited
- Accounts Receivable is not the most user friendly module
- Some feature to consolidate Project FS, and have each in a column for reporting
- I wish AP entries were updated in real time, not just when you validate and post
- Provides 2 interfaces: Web view and database view
- Database view allows for more functionality
- In my experience, implementation process was a complete nightmare
- In my opinion, customer support is severely lacking. In my experience, it is extremely difficult getting support to understand issues, and when help is provided users are referred to "go read an article" for the solution
- In my experience, the system is NOT flexible and cannot be easily adapted to unique circumstances
A fundraising friend
- Grants setting
- projects setting
- database
- It's slow when I do some edit.