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
For the latest information on pricing, visithttps://www.blackbaud.com/products/blac…
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Product Details
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- 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
(273)Attribute Ratings
Reviews
(26-50 of 101)Companies can't remove reviews or game the system. Here's why
With Blackbaud, we have better control of user roles.
May 20, 2023
NXT - Love the reporting features!
I have used nothing comparable to NXT. I have used other products comparable to FE and find it to be in the top tier.
May 20, 2023
Excellent Product
I was a Sage user for 25 years prior to coming into my current job. Blackbaud was already in use here. I struggled at first because the system was old and the balance sheet didn't balance. We made the decision to upgrade from the desktop version of Financial Edge to NXT. I fell in love with the system. It is so easy to use and has the depth to pull all the reports I need in multiple levels of detail. It is easier to use than my beloved Sage product.
May 20, 2023
Still Needs Work
I was not present during the accounting software selection process. Staff tells me they preferred another package, but the executive director made the choice for them.
Database version and RE. I didn't choose NXT but it's okay.
FE NXT is significantly better than other Nonprofit software that I have used
May 17, 2023
CFO Review
Financial Edge NXT is better and more functional than Raiser's Edge NXT.
May 17, 2023
Blackbaud--the bible with a little "b"
Not applicable. I have not worked with other GL for so long I would be hardpressed to answer this question.
May 17, 2023
FE NXT - Why Didn't I Switch Sooner???
We used Sage Fixed Assets for years prior to implementing Blackbaud FE NXT. About a year after the implementation, we decided to migrate our fixed asset data into FE NXT. I really liked Sage, but I LOVE having the fixed asset data in FE, with all of my other financial data. When I add assets, remove assets, or run depreciation, I can automatically post those things to my ledger without having to manually create separate journal entries based on data from an outside software.
I personally had more experience with QuickBooks and Sage, but I sort of stumbled upon FE NXT because of my current job. It is a lot more user friendly and allows you to not necessarily have such a strong background in accounting or bookkeeping. However, if you do mess up with one of the modules, it gives you the liberty to adjust any accounts that way which is very nice.
May 17, 2023
My Review
I wasn't part of selection for any of these.
- Senior Systems and from Community Brands
I did not personally select Blackbaud Financial Edge NXT. The system was already implemented when I began working for Pomfret School as the Controller. I prefer Senior Systems because this software also had a "debit card" feature for students available in the Accounts Receivable system. At Pomfret School, we have to use an entirely different system for student debit cards outside of Blackbaud Financial Edge NXT.
Financial Edge NXT is better-suited for a midsized organization like ours. We had outgrown Sage 50 - it was becoming quite slow and unstable, so we had to find another solution. Financial Edge NXT has proven to be quicker, and much more stable and reliable from the perspective of our users.
Financial Edge NXT may be a better option for a multi-location and multi-state organization.
May 17, 2023
Satisfied Customer
Easier to understand the reports and keep up with cashflow in Blackbaud
May 15, 2023
Going well!
Blackbaud Financial Edge is more advanced and broad in its scope of data analysis, reporting. The learning curve, however, was significant. It took us, as a Dept., a couple years to feel comfortable with the changes and completely different setup.
May 11, 2023
Blackbaud FE NXT
I have used JD Edwards in a large multi-location enterprise and Quickbooks for a small single owner business.
JD Edwards was far superior to Blackbaud although the cost was much higher. JD Edwards was powerful but complex to learn.
Blackbaud has Financial Report Writer features much stronger than Quickbooks. Quickbooks is far more intuitive to operate.
I did not make the choice to purchase Blackbaud. My predecessor did. The primary reason for selecting Blackbaud was because it was known to them at the time to be the "standard" software for nonprofit organizations. I don't think that is the case today.
JD Edwards was far superior to Blackbaud although the cost was much higher. JD Edwards was powerful but complex to learn.
Blackbaud has Financial Report Writer features much stronger than Quickbooks. Quickbooks is far more intuitive to operate.
I did not make the choice to purchase Blackbaud. My predecessor did. The primary reason for selecting Blackbaud was because it was known to them at the time to be the "standard" software for nonprofit organizations. I don't think that is the case today.
FE is the only software package that can track / report our specific income funds to specific outgoing funds. We have about 12 different income streams, to be used for one of 30 specific purposes. Which all change every fiscal year, and some sources are on different fiscal years.
Quicken had to be 'jury-rigged' to attempt to do what we needed, but more importantly, changes can be made in quicken w/o leaving an audit trail.
Sage Intact was ok, but did not do what we wanted adequately.
Access database is where we started. It was ok for reporting but did not do some of the bookkeeping well, it became antiquated.
Quicken had to be 'jury-rigged' to attempt to do what we needed, but more importantly, changes can be made in quicken w/o leaving an audit trail.
Sage Intact was ok, but did not do what we wanted adequately.
Access database is where we started. It was ok for reporting but did not do some of the bookkeeping well, it became antiquated.
May 11, 2023
Report card honors!
In my previous employment, I used Yardi products. I believe NXT is much more user friendly and has the ability to adapt to business changes. It is also easier to extract specific data and reporting.
May 11, 2023
Blackbaud FE NXT A++ Product
Just does not have the functionality or the capabilities we need
May 11, 2023
Invoices in NXT are user friendly.
It lets us have more control on the budgets.
May 11, 2023
Financial Edge? More Like Edge Of A Cliff!
I have only ever worked with QuickBooks Enterprise and Blackbaud. One of our departments uses QuickBooks for their accounting. They're a bit of a unique oddity within our company, but they have their reasons for doing what they do. As for how QuickBooks stacks up, well... our users never complain about it, so that puts it above Blackbaud. That said, I'm not absolutely thrilled with Intuit process for upgrading their software. In any case, I'd fully move everyone to it and away from Blackbaud if I could, but it doesn't have all the functionality we need, so that won't happen.
May 11, 2023
FE NXT for the future
I've only had limited experience with Microsoft Dynamics GP. I have primarily been utilizing FE for much of the last 10 years.
We used to use Excel-a LOT of excel. Many, many, many different sheets. Financial Edge allows us to get rid of all those spreadsheets and use one system. So this isn't even really a comparison-it's like a tiny stone in a giant ocean. We could never do what we do with the excel system so the organization has really stepped up.