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/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
Audit processes are much easier to support with the flexible reporting capabilities. Additionally, the standard documentation created as part of system process in any module is very detailed and helps support audit requirements/review processes.
November 13, 2023
Simply the Best! Blackbaud Financial Edge NXT
From the onset we worked with a Blackbaud approved valued partner, Sargent Solutions to consult and assist in the transition from Quick Books to FBlackbaud Financial Edge NXT. It gave us peace of mind that our system was set up in a way that was approved by our auditors and that internal controls were in place.
October 20, 2023
MS 365 and Blackbaud FE NXT
The reporting function provides more accurate and faster access to information needed to check on controls. Reports are formatted in better format and the ability to download in different EXCEL presentations are very helpful. Faster retrieval in JEs and extraction of details for reports make it easier to check on controls
September 01, 2023
Blackbaud Financial Edge NXT is for Me
The reporting is great and helpful when trying to work with other teams to track down information.
July 20, 2023
Blackbaud Financial Edge NXT, for the WIN!!
The fully customizable user security features are available and robust within Blackbaud Financial Edge NXT. You have the ability to permit auditors or outside consultants access to certain modules or the entire system with the ability to tweak each user's access on an individual basis (whilst also using standard templates). This is wonderful during annual audits or when using outside consultants for certain tasks.
July 18, 2023
Much improved from Great Plains
Since I was an internal auditor we were able to set up the internal controls/compensating controls for our organization.
July 18, 2023
Not-For Profit Blackbaud Financial Edge NXT Customer
Blackbaud Financial Edge NXT has robust approval rules that we've been able to implement. Being able to assign projects to only work with certain accounts allows us to ensure gift accounts are only used with the proper fund. The approval chains are easily tracked which has allowed our auditors to see clear trails of approvals for internal control purposes.
July 18, 2023
Improved productivity
I think it has made a big difference being able to set up controls and security.
I know the options are there if I need to use them. I can't say that this particular area has been affected in my compliance.
July 14, 2023
overview of Blackbaud FE
we are able to run reports showing expenses for reporting back to our donors as needed.
Blackbaud Financial Edge NXT has helped efficiency in donor fund reporting as far as financials go, but everything else lives outside of Blackbaud Financial Edge NXT. So it's made accounting department lives better.
July 14, 2023
Fantastic! Offering the ability to effectively work now while growing for future advancement.
We are able to keep all the projects organized and put in all the correct data which allows for anyone with access to find the project and know the criteria and allocations per donor wishes. The ability to upload, attach, and set all the information that is found in the agreement into the system for 1. easy searching, 2. appropriate and accurate information communication and 3. allows for the necessary information to be known so that all efforts and procedures may be in accordance with donor wishes.
Excellent capacity to maintain regulatory compliance. Easy to access and customize reporting, in particular. Internal controls are easy to implement, and the security is top-notch.
July 11, 2023
Blackbaud FE NXT valued choice
It offers that but I am unsure of how it has improved this for us besides increased record accuracy and more sophisticate tracking of restricted funds
June 28, 2023
Accounting for Grantmaking
We don't receive much in donor/funder relations, but the internal controls being customizable help with our smaller organization.
June 27, 2023
Beware - proceed with extreme caution!!!!!
No integration with RE (and our advancement director has had the same experience with BB on her end) so no benefits with Donor relations
Blackbaud Financial Edge NXT has great features for non-profits, especially when it comes to managing grant expenses. Blackbaud Financial Edge NXT makes it very easy to designate incoming funds, and associated expenditures, to a specific grant for tracking and reporting purposes. It also makes it very easy to track general fund items when specific grants aren't applicable. The customizable features allow you to institute proper and stringent internal controls and reporting features allow you to pull on-demand numbers which allow you to recognize variations quickly, identify and correct errors sooner, and assists us with staying on budget as we can simply run a report whenever we need to see where we are at. The only downfall is the budget portion - this has been a very manual and slow process due to the lack of support and functionality with Zai - a better budget partner would certainly be an upgrade!
In my opinion, it's been very difficult to comply with different grant agency's guidelines, federal guidelines and to manage grants using this software without being to track and manage FTEs on grants and thereby be able to include on different financial reports I use regularly. I've had to find work-arounds and make guesses even based on my best estimates using the functionality that is available, helpful in accounting but not for federal grants in viewing/analyzing cost as well tracking and analyzing payroll trends--with the lack of payroll details tracked and available on reports it's been very difficult and created extra work for me many times.
June 18, 2023
FENXT has been a pleasant move for us.
This would be a question for our CFO; I have no idea.
June 18, 2023
Blackbaud FE has streamlined my day.
It has enabled us to track items more efficiently and has helped us increase the reliability of our internal controls through the system of approval rules.
June 14, 2023
Best Customer Services
June 14, 2023
Outstanding user friendly product
Blackbaud Financial Edge NXT allows us to easily prepare reports for compliance audits and grant compliance.
June 14, 2023
Grant specific tracking
We do not have donor or funder trust.
Raisers Edge is a little help, but in my opinion, Blackbaud Financial Edge NXT is of little help due to the horrible integration team and process.