Blackbaud Financial Edge NXT... great for small schools.
We use the Blackbaud Financial Edge NXT in our fundraising office. Blackbaud Financial Edge NXT is rebranded as Raiser's Edge in the …
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.
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Analyst in Finance and Accounting
USF Research Foundation (Research, 51-200 employees)
Pricing
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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.
Entry-level set up fee?
- Setup fee required
For the latest information on pricing, visithttps://www.blackbaud.com/products/blac…
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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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, and banking.
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: advanced allocations management
- Supported: Flexible chart-of-accounts structure
- Supported: Project, Grant and Endowment reporting
Blackbaud Financial Edge NXT Screenshots
Blackbaud Financial Edge NXT Video
Nonprofit accountants attended bbcon 2016. They describe how Financial Edge NXT helps organizations spend more time focusing on their missions.
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
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.
Sage Intacct, MIP Fund Accounting, and Microsoft Dynamics 365 are common alternatives for Blackbaud Financial Edge NXT.
Reviewers rate Usability highest, with a score of 8.
The most common users of Blackbaud Financial Edge NXT are from Mid-sized Companies (51-1,000 employees).
Comparisons
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Reviews and Ratings
(274)Attribute Ratings
Reviews
(1-25 of 61)Companies can't remove reviews or game the system. Here's why
December 07, 2023
Blackbaud Financial Edge NXT - the Best Financial System
Score 10 out of 10
Vetted Review
Verified User
Currently, we do not utilize the dashboards.
November 30, 2023
Very nice!
Did not affect at all yet but it's fairly new.
November 13, 2023
Simply the Best! Blackbaud Financial Edge NXT
Custom dashboards are a great way to see your organization at a quick glance in real time. Keeping within approved budgets is essential. Seeing the data displayed month to month, year over year in a way that is easy to read and interpret is key in this fast paced competitive environment.
October 20, 2023
MS 365 and Blackbaud FE NXT
I don't use the reports for organization's spending and financial performance. I believe my Director perform that function.
September 01, 2023
Blackbaud Financial Edge NXT is for Me
Not many in our organization use Blackbaud Financial Edge NXT.
July 20, 2023
Blackbaud Financial Edge NXT, for the WIN!!
The dashboards within Blackbaud Financial Edge NXT are available to utilitze graphs and charts to demonstrate the financial health and goals of the organization and are fully customizable. There is set-up time needed and after a class or two, users should be able to utilize this feature with minimal issues.
July 18, 2023
Much improved from Great Plains
positive effect and more streamlined
We only have 3 users, including me. I can see how the visibility between Marketing, Sales, Finance and Trustees in a larger company could provide better workflow and sharing of information between those groups without giving them access to be able to change the information.
July 14, 2023
overview of Blackbaud FE
we have not gotten into custom dashboards as if yet
Blackbaud Financial Edge NXT has made our expense management and budget review system 10 times better! It's easier on everyone across the board and the ability to customize reports and dashboards for all budget authorities in our company has been amazing. We have been commended by management on how transparent and easy to use the set up is now. The budget process is monitored and reviewed throughout the year, rather than a once a year all hands on deck push to get it out.
July 14, 2023
Fantastic! Offering the ability to effectively work now while growing for future advancement.
The accessibility and ease of visibility of the spending from account to account is truly remarkable. The ability to pull the general ledger with many filter options has allowed for accurate analysis when reviewing financial statements. The readability of the statements is incredible - the breakdown of the information and the ability to export to excel greatly enhances the workflow. The only additional piece of information that would be beneficial is to have the payment and deposit ID visible, tying the activity in the reports to the exact placement in the system which would help with corrections or payment support. The ability to see the financial performance from department to department also has allowed for accurate cost comparisons for budget purposes.
We have gone from one person being familiar with all of our financial records to several. More importantly, we now have decision-makers engaging fully with our financial information, which is the whole purpose of producing financials for a nonprofit -- to drive good, solid decisions.
July 11, 2023
Blackbaud FE NXT valued choice
It hasn’t as it is only built for accounting folks with aptitude for the system. Its web-bass interface is nice for us, but complex and difficult to build to provide wide spread transparency. Accounting people have to print and run reports. Dashboard creation is complex. We have to purchase additional tools to get transparency and accessibility. This is is largest limitation
June 28, 2023
Accounting for Grantmaking
The custom dashboards are helpful in that everyone likes to see their dashboards differently and can do so on their own terms. I do wish there was a way to view "not yet posted" GL entries when viewing individual accounts. However, viewing individual accounts and being able to see the budget to actual spending also is really useful.
June 27, 2023
Beware - proceed with extreme caution!!!!!
None. We were never trained or shown dashboards and frankly we are so lean that we have not had time to explore them on our own.
We have not been able to get our dashboards to work correctly.
We utilize the reporting feature and manually enter budget information so that all department directors can instantly see where they are at within their budget parameters. It has really helped shine a light on trouble areas and has helped us identify some efficiencies we can learn from.
As a non-manager and employee of only 1 year, I don't believe I can answer this question well. When I have tried to view dashboards for just A/R or grants, which is what I manage, it has not been easy.
June 18, 2023
FENXT has been a pleasant move for us.
We have not been able to get the dashboards to work.
June 18, 2023
Blackbaud FE has streamlined my day.
I don't have to dig to find information. Blackbaud's toolbar lists categories with dropdown menus so you can select the feature you want to use.
The dashboards are a nice feature to be able to see what items you are more interested in tracking. The flexibility of each user being able to set up their own dashboards is very helpful, as not everyone is interested in seeing the same items.
June 14, 2023
Best Customer Services
It's given me a better understanding of how our financial works.
June 14, 2023
Outstanding user friendly product
I have been able to prepare reports for all departments of our organization.
I do appreciate the ability to snapshot information to allow for a quick check-in through the dashboards. I can share that information with our executive team and board, even sharing access to the dashboards themselves if I wish. It would be great if the data in the dashboards were updated in real-time. Perhaps that functionality will be added at some point.
June 14, 2023
Grant specific tracking
I am sure there are more tools that would be helpful, but I do not know how to set up the info to give quick snapshots of important info I need.