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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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Blackbaud Financial Edge NXT

Blackbaud Financial Edge NXT

N/A
Unavailable

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

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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Comparisons

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Reviews and Ratings

(275)

Attribute Ratings

Reviews

(26-50 of 138)
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June 14, 2023

Blackbaud Financial Edge NXT - a user-friendly, highly customizable accounting solution, perfectly suited for non-profit accounting

Jeanne Welch | TrustRadius Reviewer
Jeanne Welch
Director of Finance and Operations
Yavapai College Foundation (Higher Education, 1-10 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Because of the flexibility in account string composition, I think this product is well-suited to non-profit organization accounting. The ability to add multiple Transaction codes (on top of the Project codes) has allowed me to easily manage tracking of restricted and unrestricted transaction activity. Thinking this through carefully before implementation has allowed us to easily create reports needed by our auditors and for preparation of the 990. Within a single account string I can see whether a transaction line item is unrestricted, temporarily restricted or permanently restricted, and if an expense, which functional category it belongs in.
June 14, 2023

Grant specific tracking

RL
Rhonda Lasher
Assistant Director of Finance
Action for Children (Non-profit Organization Management, 51-200 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Blackbaud Financial Edge NXT is very well suited for multiple grants/projects and tracking for each project separately. The AR function is not very clear on what is receivable, and making write-off adjustments is by Journal Entry. I wish I knew more advanced usage of the program because I feel there is much it can do, but we do not know how to use it. What I know, I enjoy using it.
May 20, 2023

NXT - Love the reporting features!

DS
Danica Smith
Accountant
Arthritis Foundation (Non-profit Organization Management, 201-500 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Reporting, especially in the area of report data. This version allows for easily using the standard Excel functions of sorting and filtering while maintaining report integrity. I do wish the run date would appear on this version as it is useful to have this system confirmation of the status of the report details and balance.
May 20, 2023

Excellent Product

Lynne Ryan | TrustRadius Reviewer
Lynne Ryan
CFO (Chief Financial Officer)
United Way of Central New York (Non-profit Organization Management, 11-50 employees)
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
We upgraded to NXT and were given the opportunity to redesign our GL. The implementation team was excellent and helped us to think outside the box. It was a lot of work but was the smoothest implementation we could have had. I would recommend this software for any business in need of a robust Accounting Software.
May 17, 2023

CFO Review

Verified User
C-Level Executive in Corporate
Non-profit Organization Management Company, 11-50 employees
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Well suited to a small, or medium-sized non-profit environment. It does everything we need it to and rarely leaves us needing more. I wouldn't recommend it for a complex organization like healthcare. The thousands of lines of accounts would cause reports to run too slowly to be practicable.
May 17, 2023

FE NXT a more visual and friendlier version of FE

Verified User
Account Manager in Finance and Accounting
Non-profit Organization Management Company, 1-10 employees
Score 9 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
FE NXT allows user to easily find journal entries by partially typing the title, to easily find account numbers by partially typing the account number or account name; reports are customer friendly and offer new and better options than database. Wish queries could be created in FE NXT, we can use queries for report filters, but we can't create new queries in database. AP posting filters in FE NXT can't be customized as in database. We have encountered glitches in the credit card automated uploading, we have missed some transactions.
May 17, 2023

FE NXT - Why Didn't I Switch Sooner???

LA
Lisa Andrew
CFO (Chief Financial Officer)
Prevention First (Non-profit Organization Management, 11-50 employees)
Score 10 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
FE NXT is very well suited for not-for-profit organizations. It has the capability to implement "projects" for various grants or funding opportunities so that expenses and other information can be tracked and maintained easily. Many grants also require very specific reporting. With the FE NXT reporting capabilities, these reports are easily created and saved for later use. The budgeting module is also very useful for not-for-profits that manage various funding and grants. Although this software works well for my organization, I think FE NXT might be a bit overwhelming for very small organizations with small budgets, a small number of expense transactions, no fixed assets, etc.
May 17, 2023

FE NXT - Great for non-profit organizations with a few kinks to work out

Verified User
Employee in Finance and Accounting
Non-profit Organization Management Company, 51-200 employees
Score 6 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Blackbaud FE NXT is meant to help non-profit organizations manage their revenue and expenses as well as many other assets. I would say it is typically helpful when you have a medium to large organization since it does so much of the accounting for you with their modules. However, I wouldn't recommend it for small organizations due to the cost potentially outweighing the benefit.
May 17, 2023

My Review

Verified User
Director in Other
Non-profit Organization Management Company, 1-10 employees
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
IT is well suiting for managing the non-profit business, but we also have an LLC subsidiary where the profits are a source of funding for the non-profit. Running that as a business in the same ledger has been a struggle.
May 17, 2023

Blackbaud Financial Edge NXT for Independent Schools

EB
Erika Browning
Controller
Pomfret School (Education Management, 201-500 employees)
Score 7 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Blackbaud Financial Edge NXT is a good solution for independent schools. It is a good tool for tracking CIP projects as well as Restricted gifts due to the Project ID's that you can link to certain General Ledger account numbers. The Excel add-in for journal entries and budget upload has saved the Business Office a lot of processing time.
May 17, 2023

Financial Edge NXT Review

Verified User
Manager in Finance and Accounting
Non-profit Organization Management Company, 51-200 employees
Score 8 out of 10
Vetted Review
Verified User
Incentivized
Likelihood to Recommend
Very well suited for Non-profits that have multiple levels of accounting, endowent accounting and investments. It's not great for Grant management even though their project management was designed for that. It is a little clunky and we had to get an outside software to manage our grants. Budgeting is also simplistic, we had to get one of the add-ons to Budget more accurately.
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