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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 7.8.

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

(269)

Attribute Ratings

Reviews

(1-9 of 9)
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Score 9 out of 10
Vetted Review
Verified User
Incentivized
I don't have much to compare it to but if I speak of just the reporting options; sometimes there are so many options I spend more time finding the "perfect" report when a basic report with minimal columns is needed. But I know I can always add to the report if asked.
May 11, 2023

Blackbaud FE NXT

Score 5 out of 10
Vetted Review
Verified User
Incentivized
Blackbaud is overly complicated with a steep learning curve. Examples are the many steps required to enter a fixed asset transaction, Difficulty in running past financial statements. (There should be a run-time fiscal period entered in which the column specs refer to)

Pluses are a fairly powerful financial statement report writer.
Score 1 out of 10
Vetted Review
Verified User
Incentivized
IT DOESN'T APPEAR TO HAVE HAD ACCOUNTANTS AND DATA ENTRY USER INPUT - VERY CLUMSY AND FRUSTRATING. IN A CLASS I WAS TOLD TO IMPORT JV'S FROM AN EXCEL FILE... I SHOULDN'T HAVE TO DO THAT. IF YOU LOOK AT THE DATABASE JV FOR EXAMPLE, YOU CAN DATA ENTER QUICKLY.... NOT SO WITH FENXT.
William (Bill) Sanders, CPA | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Blackbaud Financial Edge NXT is a nice addition to the Financial Edge platform. Our accounting team still preferred the main platform but used the NXT version as well. I would say the NXT was Blackbaud's early moves into the web based interface while keeping the database full functionality.
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