Financial Edge NXT Reviews

91 Ratings
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Score 8.9 out of 100

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Reviews (1-25 of 38)

Tracy Spence profile photo
Score 9 out of 10
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Likelihood to Recommend

Financial Edge NXT has its difficulties just like any program but it has many positive features. Access online was a big plus for us, as was the copy feature for invoices, receipts, etc. Those features have proven to be big timesavers. It is easy to use and learn.
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Brandon Mand profile photo
Score 9 out of 10
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Likelihood to Recommend

I think FENXT is well suited for medium to large sized organizations who are willing to make an investment in their systems. I do not feel this would be worthwhile for small organizations or ones who do not prioritize their database systems.
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Mecia Neverdon profile photo
Score 7 out of 10
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Likelihood to Recommend

Financial Edge NXT is great for working remotely. Pulling transaction details from a report instead of running a query is a plus. Creating journal entries and completing a bank reconciliation is more cumbersome in NXT and are better performed in the database view.
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No photo available
Score 8 out of 10
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Likelihood to Recommend

For non-profits it's very well suited if you're not consolidating entities. It's probably less suited in a manufacturing environment with multiple currencies and entities to consolidate.
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No photo available
Score 7 out of 10
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Likelihood to Recommend

If you used Blackbaud FE7 already, I highly recommend upgrading. It's not all there yet but new items are being released all the time.
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Marie Roake profile photo
December 06, 2017

Failed implementation...

Score 1 out of 10
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Likelihood to Recommend

I gave it a "1", because of the fits and starts and then fail in our implementation. Although we haven't had the opportunity to actually use it yet, what I do like is the ability to switch back to the FE view - this will allow staff to learn the system easier. I do appreciate that care is taken to write each module gradually and get the kinks worked out. There are very few FE NXT classes for my staff to take online even though we have purchased "Learn Everything". I am hopeful that my dashboards, queries, and reports do not go away when we do go live on FENXT. I am hopeful that our admin team will find it easier to navigate view only through FENXT...
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Stephen Forcey profile photo
October 20, 2017

4c review of NXT

Score 2 out of 10
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Likelihood to Recommend

NXT seems like a unfinished software product. We're too busy to experiment with a partially finished product with bugs and so we default to the database view. I think in the back of our minds that someday it will be a finished product. In the meantime there's no rush to move from the database view to NXT.
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Audrey Trembly profile photo
Score 1 out of 10
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Likelihood to Recommend

I can't think of any scenarios where it is well suited. AP module is working fairly well in the old style of FE. A co-worker is using the "cloud" version more often than myself. As I stated before payroll has been extremely difficult to conquer. This latest conversion to FE NXT is the third conversion for payroll in the last 3 years for us. First was ADP to Fundware to FE to FE NXT. We are actually now investigating other Payroll modules with other companies.
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Regina Robinson profile photo
October 18, 2017

Love FE

Score 9 out of 10
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Likelihood to Recommend

FE is hands down the best accounting software that I've ever used. The functionality and reporting requirements for non-profits is handled well in FE.
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Phil Sonnenberg profile photo
Score 9 out of 10
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Likelihood to Recommend

Suited for organizations that have invested in the Blackbaud family of products, specifically Raiser's Edge. The integration among the products is seamless and intuitive.
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Kathy Carroll profile photo
Score 8 out of 10
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Likelihood to Recommend

Ease of access is great but it also exposes the data if not controlled well with internal control implementation. If Blackbaud could provide a general guideline of helpful hints on set up that would be helpful to the person that is responsible for setting up users.
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Cameron Dunkin profile photo
September 15, 2017

A Solid standard program.

Score 7 out of 10
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Likelihood to Recommend

It's well suited for non-profits, if you are using other Blackbaud suites. It's great that it links all together, but can be quite expensive and probably not essential if on its own. If you're a for-profit organization or a non-profit organization that doesn't rely on fundraising, I don't know if it would be my top choice.
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Rhonda Evans-McNeil,MBA profile photo
September 12, 2017

Upgraded to great system

Score 9 out of 10
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Likelihood to Recommend

Works well with other modules such as Raiser's Edge and Smart Tuition. There are still some features and functionality that NXT has not deployed that requires us to work in database view. It has been difficult learning the two different versions, but as soon as NXT is fully operational there hopefully will not be a reason to use database view.
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Gregory Seay, CMA, CPA profile photo
Score 10 out of 10
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Likelihood to Recommend

If you run a tight budget, which almost includes everyone, then Financial Edge NXT is for you. Department managers are able to view how they are doing at any time without having to request a report from finance or accounting and understand what they are looking at without much training at all.
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Petra Hall profile photo
Score 8 out of 10
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Likelihood to Recommend

Much more suited to managers and above who need data summarized in easy-to-digest format, but with links back to the details.

The functionality for heavy users is lagging, but Blackbaud has been making significant improvements - adding new functionality all the time.
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Rosa Scott profile photo
October 24, 2017

Tweetybird

Score 6 out of 10
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Likelihood to Recommend

It is well suited when it comes to posting to general ledger, where it does the adjusting entries for you.
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Christine Settles profile photo
October 24, 2017

Financial Edge NXT

Score 7 out of 10
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Likelihood to Recommend

I find Financial Edge to be pretty easy to use. I like that you can include unposted transactions in reports. I find that the report building is easier in the NXT view but it did take some getting used to.
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Heidi Tabat profile photo
Score 9 out of 10
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Likelihood to Recommend

I think that Financial Edge NXT is a great addition to use in conjunction with the database view until the all the features are built out. We are enjoying having the new functionality afforded in the NXT view in addition to the tried and true functionality in the database.
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Feature Scorecard Summary

Pay calculation (9)
5.0
Direct deposit files (8)
5.2
Salary revision and increment management (6)
4.3
Reimbursement management (2)
6.2
API for custom integration (9)
8.0
Plug-ins (15)
6.2
Single sign-on capability (31)
7.5
Role-based user permissions (32)
6.1
Dashboards (31)
6.7
Standard reports (36)
6.9
Custom reports (35)
6.9
Accounts payable (37)
7.6
Accounts receivable (15)
6.8
Cash management (27)
7.3
Bank reconciliation (30)
7.1
Expense management (23)
7.2
Time tracking (6)
6.4
Fixed asset management (18)
7.5
Multi-currency support (6)
7.9
Multi-division support (14)
6.8
Regulations compliance (10)
7.7
Electronic tax filing (9)
5.5
Self-service portal (17)
8.4
Pricing (8)
6.4
Credit card processing (10)
4.4
Cost of goods sold (3)
1.4

About 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, banking, and more.

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.

Financial Edge NXT Features

General Ledger and Configurable Accounting Features
Has featureAccounts payable
Has featureAccounts receivable
Has featureCash management
Has featureBank reconciliation
Has featureExpense management
Does not have featureTime tracking
Has featureFixed asset management
Does not have featureMulti-currency support
Has featureMulti-division support
Has featureRegulations compliance
Has featureElectronic tax filing
Has featureSelf-service portal
Does not have featureGlobal Financial Support
Does not have featurePrimary and Secondary Ledgers
Does not have featureIntercompany Accounting
Does not have featureLocalizations
Does not have featureJournals and Reconciliations
Does not have featureEnterprise Accounting
Does not have featureConfigurable Accounting
Does not have featureCentralized Rules Framework
Does not have featureStandardized Processes
Inventory Management Features
Does not have featureInventory tracking
Does not have featureAutomatic reordering
Does not have featureLocation management
Does not have featureManufacturing module
Order Management Features
Has featurePricing
Does not have featureOrder entry
Has featureCredit card processing
Has featureCost of goods sold
Does not have featureOrder Orchestration
Does not have featureEnd-to-end order visibility
Does not have featureOrder exception Resolution
Payroll Management Features
Has featurePay calculation
Does not have featureBenefit plan administration
Has featureDirect deposit files
Has featureSalary revision and increment management
Has featureReimbursement management
Reporting & Analytics Features
Has featureDashboards
Has featureStandard reports
Has featureCustom reports
Customization Features
Has featureAPI for custom integration
Has featurePlug-ins
Security Features
Has featureRole-based user permissions
Has featureSingle sign-on capability
Has featureMulti-factor authentication
Has featureUser-level audit trail
Additional Features
Has featureCloud Based
Has featureManage advanced allocations within product
Has featureFlexible chart-of-accounts structure
Has featureProject, Grant and Endowment reporting comes standard

Financial Edge NXT Screenshots

Financial Edge NXT Integrations

PaperSave, BizNet Software, Advanced Budget Management, Paramount Workplace, Infor F9, Avid Exchage

Financial Edge NXT Competitors

Sage Intacct, Abila, Microsoft

Pricing

  • Does not have featureFree Trial Available?No
  • Does not have featureFree or Freemium Version Available?No
  • Has featurePremium Consulting/Integration Services Available?Yes
  • Entry-level set up fee?Required

Financial Edge NXT Support Options

 Paid Version
Phone
Live Chat
Email
Forum/Community
FAQ/Knowledgebase
Social Media
Video Tutorials / Webinar

Financial Edge NXT Technical Details

Deployment Types:SaaS
Operating Systems: Unspecified
Mobile Application:Apple iOS, Android, Mobile Web
Supported Countries:United States, Canada
Supported Languages: English