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)
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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
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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).
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Reviews and Ratings
(273)Attribute Ratings
Reviews
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February 13, 2024
Blackbaud Financial Edge NXT... great for small schools.
- A unified source of email and other contact information.
- Mass email platform to contact all of our constituents.
- Provide a starting point for any prospect research that we need to do.
- Blackbaud Financial Edge NXT is missing some integrations to web platforms like Wix.
- Blackbaud Financial Edge NXT also does not connect easily to social media platforms.
- The product can be expensive for smaller businesses.
December 07, 2023
Blackbaud Financial Edge NXT - the Best Financial System
Score 10 out of 10
Vetted Review
Verified User
- Reporting - very flexible and easily customizable to our business needs.
- Workflows are logical and easy to learn.
- Support is exceptional whenever we have needed to address questions or are rolling out additional functionality. Everyone at Blackbaud is professional, friendly and willing to go the extra mile to help.
- Overall performance is solid and communication regarding upgrades and required service updates is consistently delivered so we have time to plan accordingly.
- Other than the final conversion to webview, cannot think of anything else.
November 30, 2023
Very nice!
- constituant report
- data analysis
- finance tratcking
- constituent copy accounts
- faster transition between tabs
November 13, 2023
Simply the Best! Blackbaud Financial Edge NXT
- Fund accounting
- Automated reporting
- Dashboards
- System speed
- Direct debit processing for Canadian customers
- Bank feed
October 20, 2023
MS 365 and Blackbaud FE NXT
- In Journal entry, love the ability to search for entries using a few key words or the JE number itself. Also love the ability to attach documents easily
- In reporting, love he ability to search for entries using a few key words
- In fixed asset module, love he ability to search for assets directly using the assset number
- In JE, would like thge ability to add lines at specific locations and not at the end of JE. Also like to be able to copy selected JEs easily.
- No Query function in NXT, that is a problem for us
- Cannot add Defined depreciation in calculationdepreciation
September 01, 2023
Blackbaud Financial Edge NXT is for Me
- Reports
- Vendor Information
- Adding new funds
- Import Journal Entries
- Asset Allocation
July 20, 2023
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
July 18, 2023
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
July 18, 2023
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
July 18, 2023
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.
July 14, 2023
overview of Blackbaud FE
- 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
- 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.
July 14, 2023
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.
July 11, 2023
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
June 28, 2023
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
June 27, 2023
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
- 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.
- 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.
June 18, 2023
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.
June 18, 2023
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.
June 14, 2023
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.