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https://dudodiprj2sv7.cloudfront.net/product-logos/sz/uh/WH7O6ZWHT580.PNGBlackbaudFinancial Edge NXT Review2018-06-14T20:33:43.602ZI work for a Foundation at a college and our whole department uses FENXT. We use it for all of our accounting needs other than Purchase Order management. We use it in conjunction with Raiser's Edge to keep track of all incoming and outgoing money and also to manage the active funds our organization has.,I love how well FE interacts with Raiser's Edge. This makes it much easier for our organization to stay current and increases our level of trust in the information we are seeing in both systems.
The reporting features in FE make it easy to pull accurate information in a timely manner.,I would like to see the price reduced. I work for a medium-sized non-profit and if the price keeps rising, I worry we will no longer be able to use FE. It is an incredible system to use, but if the price keeps rising, it will be difficult for small to medium-sized organizations to justify the cost.
I would like to see error messages that contain more information. When our accountant runs the process to post gifts from Raiser's Edge, she typically is not able to easily understand the reason for the gift exceptions. It then requires me doing research in RE to find out what the error may have been from.,9,I think overall, we receive a positive ROI. We are able to use FE to handle the vast majority of our accounting needs, which is nice.,Operational efficiency
Improved data accuracy
Improved insight into your organization's performance
Better ability to report to funders and key stakeholders
Faster month-end process
Automation of business processes
Reduced IT expenditure due to cloud deployment,My organization also utilizes Raiser's Edge, Blackbaud Payment Services, Online Express, and Academic Works.,,Raiser's Edge NXT, WordPressBrandon MandFinancial Edge NXT was a pleasant surprise!2018-05-21T18:17:07.723ZWe have been using Blackbaud products for over 20 years and last fall we made the choice to upgrade to the cloud version for the entire school products. Upgrading to Financial Edge NXT was not the driver---the student information system was the driver---but we are reaping many benefits from the NXT environment. Since using Financial Edge NXT, we rarely utilize the database version as the majority of day-to-day activities can now be done in NXT.
The benefits it has provided have been faster access to the system and more efficiency in our business office. We can get things done more quickly with the NXT version.,Data entry is much easier with NXT especially for accounts payable
Reporting is fantastic with the ability to drill down in the reports to the detail and to export reports in more consistent formats (PDF, Excel)
Bank reconciliation is a breeze with the cash management capabilities,Right now budgeting functions are only available for look ups, not for budget creation or editing,10,Financial Edge NXT is expensive, but its functionality has reduced overtime in our business office and allowed us to not have to hire additional help,Operational efficiency
Reduced annual audit cost
Improved data accuracy
Improved insight into your organization's performance
Better ability to report to funders and key stakeholders
Faster month-end process
Automation of business processes
Increased scalability due to cloud deployment
Reduced IT expenditure due to cloud deployment,We utilize Raiser's Edge NXT and Blackbaud Small School OnSuite, which is currently being converted. We have transitioned to Blackbaud Smart Tuition and Blackbaud Smart Aid.Pamela WittmayerFinancial Edge NXT was fine without the 'NXT'2018-06-22T21:10:06.808ZFinancial Edge NXT is our database for accounting. Only the Finance Department uses it. It stores all of our Vendors, Invoices, and Payment records. It processes all payments we issue, including Check Printing, EFTs, and Bank Drafts. We use it to reconcile accounts, as well as provide all financial reporting to both management and program staff at large.,GL configuration. We like the Fund-Account setup, with Project being a separate field not directly tied to the GL string. It provides more flexibility both with data entry rules/requirements, balancing requirements, and reporting.
Bank feed. It is good to be able to download transactions and match them to the Accounts Payable bank register.
Visual Chart Organizer. It provides extremely flexible and customizable report formatting, whatever GL configuration you have.,NXT still has lots of glitches or missing functionality when compared with the database view. Many pages take too long to load, or just aren't as usable as the alternative in database view.
Functions that are not available in NXT yet. There are still quite a few processes that are not yet available in NXT, which you must do in the 'old' database view. This makes it abundantly clear that NXT is not a new platform that was launched all at once, but rather a 'mirror' option that was haphazardly released in blocks (and still is being released in blocks). This process is awkward and can be rather unsettling to new users who are likely to spend months, and perhaps even years, as they attempt to figure out which of their processes they should do in NXT and which ones they should do in the 'old' database view.
Reports, Queries, and Exports. Users who were already accustomed to the 'old' database view for these areas are likely to find NXT's equivalent options to be clunky and may prefer to stick to the database view for these functions. Some things just require more clicks when you try to 'simplify' by putting everything into one web screenshot. There's something to be said for being able to open different windows within a program, and like many other modern web browser-based programs, NXT gets in its own way in this regard.,4,Positive impact on our desire to 'modernize' (i.e. getting a system that looks and feels more contemporary than our previous accounting systems).
Generally positive impact in our ability to streamline or simplify some of our accounting processes that took longer in our previous accounting system.
Negative cost impact in that we pay much more for NXT than our old system. In retrospect it may not have been worth it to pay for 'NXT', and we might have just gone with the database view, as that is perfectly suitable. But admittedly I am not sure about the pricing difference.,Operational efficiency
Reduced annual audit cost
Improved data accuracy
Improved insight into your organization's performance
Better ability to report to funders and key stakeholders
Faster month-end process
Automation of business processes
Increased scalability due to cloud deployment
Reduced IT expenditure due to cloud deployment,We use Raiser's Edge, and we have found that integrating Raiser's Edge with Financial Edge is definitely a good investment. This has saved us considerable time in expediting data entry between the two systems.,,The Raisers EdgeVerified UserLove the functionality of NXT2018-04-15T19:14:02.063ZFENXT is being used by myself and other users across the organization in place of the traditional database view to the extent that the functionality is available in NXT. It is used for vendor and payment lookup, account activity lookup, payment posting and processing. One item missing is full functionality of the purchase order module. As soon as it works, I will use NXT to issue POs. It is a very user-friendly version of FE. Much easier to train staff to use and recover the information they are looking for. It is menu driven and intuitive.,Vendor activity look up
Output of reports to Excel
Fund register activity
Ability to export queries to Excel,Better integration with PaperSave
Export all activity to Excel
Purchase Orders,8,It has allowed more users to help themselves allowing me to be more productive. I don't have to stop and provide the desired information.
The ease of exporting the reports has increased my productivity.
Ease of writing custom reports has increased my data analysis.,Operational efficiency
Improved data accuracy
Improved insight into your organization's performance,We also use PaperSave with the accounts payable process. The software is cumbersome but it serves our need for invoice image capturing. We do not use any other integrated software solutions from Blackbaud.Cindy SheeksA robust system that could use a few more features2018-04-05T18:08:30.507ZFinancial Edge is being used by all employees in the Business Office. Department heads have view-only access to look at their budget reports. The view-only access is better than the reports we sent them because they have the ability to drill into transactions from the report.,Customizable, attractive reports
Bank Feeds
Generate multiple reports simultaneously,Journal entries are better in database view
Unable to create queries in NXT,7,We have not done a cost analysis but it makes our office more efficient. It has business rules that help us accomplish our internal control and security needs.,Operational efficiency
Improved cash flow
Reduced annual audit cost
Improved data accuracy
Improved insight into your organization's performance
Better ability to report to funders and key stakeholders
Faster month-end process
Automation of business processes
Reduced IT expenditure due to cloud deployment,We use Raiser's Edge NXT. This software integrates well with Financial Edge. Integrating the products improved efficiency and accuracy in data entry.,Raiser's Edge NXTMecia Neverdon
Unspecified
Financial Edge NXT
88 Ratings
