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Blackbaud Financial Edge NXT

Blackbaud Financial Edge NXT

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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Recent Reviews

Very nice!

8 out of 10
November 30, 2023
Incentivized
We use it for groups that come in into our facility and individuals. There are no problems so far as we have been using it for almost a …
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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

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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…

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Details

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

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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

Blackbaud Financial Edge NXT Competitors

Blackbaud Financial Edge NXT Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationApple iOS, Android, Mobile Web
Supported CountriesUnited States, Canada
Supported LanguagesEnglish

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 7.9.

The most common users of Blackbaud Financial Edge NXT are from Mid-sized Companies (51-1,000 employees).
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Comparisons

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Reviews and Ratings

(273)

Attribute Ratings

Reviews

(1-25 of 137)
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Quoc Vo | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We use the Blackbaud Financial Edge NXT in our fundraising office. Blackbaud Financial Edge NXT is rebranded as Raiser's Edge in the fundraising business. It helps a small school like ours manage relationships with our donors and community.
Pam Holden, MBA | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
We converted to Blackbaud Financial Edge NXT from an archaic system that is no longer in production and had no support...what a difference! In other industries, I have converted five financial/reporting systems, none of which went as smoothly as the conversion to Blackbaud Financial Edge NXT.
Geri Meyer | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
Incentivized
We incorporated Blackbaud Financial Edge NXT into our business prior to opening our children’s hospital to ensure we had a system to support a project of this magnitude. Having a financial system that works and is integrated with our donor database Raisers Edge NXT provides efficiencies we never experienced before. Managing and accounting for numerous designated restricted funds is key in reporting to our stakeholders. The accountability the system provides gives us the confidence and transparency needed to meet our goals and ensure compliance throughout our organization.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We use Blackbaud Financial Edge NXT as our GL package, we have used the database version for years and now are using Blackbaud Financial Edge NXT more often. We are still learning the ins and outs of our specific needs, but I really like the reports. The reports are easier to access.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
In our organization, we use Blackbaud FENXT as our financial accounting software. Within this online cloud software we are able to work remotely, utilizing Expense Management workflows within the system. We have utilized the Credit Card feed feature and love the robust AP capabilities of the software (ACH payment options built-in, robust reporting features, multiple contact and great tracking and budgeting features). We also love the accounting and financial reporting features of this product. Blackbaud endeavors to update the system to with new features and improvements regularly and they are always available via chat, phone or email to help troubleshoot (an option if you cannot find help within their wonderful UserGuide or Blackbaud University Classes, on demand or live)! I truly appreciate a the wonderful software which is truly geared towards non-profit organizations. A double giant thumbs up from me with regards to Blackbaud Financial Edge NXT!
Score 8 out of 10
Vetted Review
Verified User
Incentivized
We use it for accounts payable, fixed assets and accounting and reporting. I feel that it is a good platform with the exception of the financial statement presentation and the purchasing piece. Our old antiquated system printed the income statement on 2 pages but we cannot get Blackbaud Financial Edge NXT to do so and have discussed with support. My biggest issue is that we want to use it to do purchase requisitions but don't want non-financial users to have to enter a 4-segment account code per item to order. I worked through the set up with our implementation team only to find out that it would not work the way we had thought. I wanted to link the requisitioner to the cost center and item to g/l account so they would just have to select what they were ordering. Because of this we still have to use our old system for requisitions. Supposedly something may be in the works down the road but nothing definite has come through. Besides the time I spent on setup to only find out it would not work that way, we are very disappointed we have to use our old system for that piece. We do not have a large amount of items but need something to use.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
We use Blackbaud Financial Edge NXT as our primary accounting system. We use all modules from AP to AR, Fixed Assets, GL ect. We like that it addresses our fund accounting complexity. We use it to track over 3,500 individual donor accounts at our foundation. Using projects for each different fund allows us to keep them all separate. Keeping them separate by project allows us to create custom reporting through a 3rd party to disseminate to campus users.
Score 9 out of 10
Vetted Review
Verified User
Incentivized
I have been using Blackbaud since March 2013. When Blackbaud Financial Edge NXT became available in 2022(?), we upgraded to the web version. Our main focus in using Blackbaud Financial Edge NXT started as Accounts Payables, and Financial Statements. I have recently added Budget. There is so much capability within Blackbaud Financial Edge NXT that we have just scratched the surface of. Their support team is very quick to respond to concerns and can almost always "fix" what I can't seem to figure out.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
we use it for accounting, payables general ledger, reporting, issuing checks and doing the bank reconciliation.

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.

Score 8 out of 10
Vetted Review
Verified User
Incentivized
Blackbaud Financial Edge NXT is our general ledger software/main accounting software and expense management software. We use it for credit card expense submittals and approvals, invoice and other payment requests submittals and approvals, general accounts payable, cash receipts, bank reconciliations, investment reconciliation, budget management, general ledger activity, financial reporting, financial statements, etc.

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.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
In my role as an accountant, I use Blackbaud Financial Edge NXT to upload deposits, apply payments, run general ledger reports, research transactions, create new projects, upload documentation to invoices and agreements, create vendors, and research account activity. The benefit of utilizing this system is that when researching any sort of transaction, invoice, ledger, project or account there are search bars and filters that help narrow the scope of the information so the specific information can be found easily. Rather than sorting through manually thousands of files, or narrowing a date range and searching through multiple transactions, you can type in the name or deposit/payment ID into the search bar and the matching material will pull.
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Financial Edge NXT is a full-featured business accounting system built for nonprofits. We use it for all of our finance-related tracking, including employee reimbursement, payroll, AR/AP, expense tracking, credit card management, all of our reporting, etc.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
I have used Blackbaud Financial Edge NXT for 5 years. I appreciate Blackbaud Financial Edge NXT more than the database view but understand the importance of both. I utilize all of the accounting functions and like the user-friendly interface. There have been times when the functions that we need are momentarily down, but Blackbaud Financial Edge NXT is good at communicating these issues and the status of resolutions through the status webpage. The knowledgebase page is very helpful for common issues that other users have had. I look forward to what Blackbaud Financial Edge NXT has to offer with the conversion to Blackbaud Financial Edge NXT from the database.
Score 2 out of 10
Vetted Review
Verified User
Incentivized
We use the BB suite for our student database and fundraising and website as well as FE NXT. One factor is choosing BB was that it included all modules and was integrated. However, this is not exactly what happens in all cases. Our Tuition Mgmt did not originally integrate, and RE does not integrate with FE
Score 9 out of 10
Vetted Review
Verified User
Incentivized
We use Blackbaud FENXT as our accounting and budgeting system. In addition, we are integrated with Blackbaud Tuition Management and Webportal Webpurchasing.
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.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
I first began with Blackbaud Financial Edge NXT in Accounts Payable and payroll. I now primarily use it for payroll only. I will create invoices for manual payroll checks that need to be re-issued, and then print them through the treasury features. I also use the database view to upload payroll GL entries, and web view to manage GL accounts and entries after the upload.
Score 8 out of 10
Vetted Review
Verified User
Incentivized
We replaced our old CYMA software with Blackbaud Financial Edge NXT in order to have a complete accounting system in one program instead of having CYMA along with hundreds of spreadsheets.
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