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)
Pricing
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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…
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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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 7.9.
The most common users of Blackbaud Financial Edge NXT are from Mid-sized Companies (51-1,000 employees).
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Reviews
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July 08, 2022
Financial Edge NXT - It's worth it!
Financial Edge NXT is being used by the finance and administration team in our foundation. The main business problems that it addresses are easy access to reporting for executives and access to information in real time and from anywhere with a web connection.
- Financial Edge NXT provides beautiful, easy to read, and visual reports.
- Financial Edge NXT makes access easy for our executive through the various permission levels for access that it provides.
- Financial Edge NXT is still being developed, so not all of the functionality in Financial Edge (the database view) is available yet in NXT. Therefore users must have access to both the traditional view and the webview.
- Yet to be determined.
3
Finance and accounting.
1
- Foundation Accounting
- Reporting
- Audit
No
- Price
- Product Features
- Product Usability
- Product Reputation
- Prior Experience with the Product
- Implemented in-house
No
Change management was a small part of the implementation and was well-handled
Yes. We depend on the system and want to have the tools we need to be successful.
No
Yes
July 05, 2022
Financial Edge NXT - Still developing
Accounting department
- Traditional reporting
- Expense Management
- Accounts Payable
- Dashboard
- Forward-looking reports
- Refresh rates
- Purchase cards processed well through the system.
- Lack of dashboards hurt decision making.
- Integration improves efficiency.
- Making general ledger entries
- Reconciling bank statements
- Employee purchase card tracking and approvals
- Report writing
- Report access with security levels available to interested groups
- Dashboard could use work
- setting up security levels
Yes
Accounting did not use mobile interface. I did test it for development and it seemed limited. Future work would be needed to make this a valuable add on.
January 25, 2018
Financial Edge NXT
FE NXT is being used by our accounting department as we try to migrate off of the client-server version to a SaaS environment. [It's being used by the] accounting department and some in IT with dashboards. NXT helps us eliminate using a Citrix environment for some of the FE use.
- Dashboards are easy to create and look professional.
- Learning curve from the client-server version of Financial Edge was minimal.
- Missing functionality, needs missing modules from the client server version or the DB view.
- Ability to edit users within NXT.
- Ability for staff to work remotely without the use of Citrix.
- Moving to a SaaS environment for our core applications.
- Operational efficiency
- Reduced annual audit cost
- Improved data accuracy
- Reduced IT expenditure due to cloud deployment
Updates are seamless. We're hoping to have auditors being able to login and audit remotely.
We have tried some of the other applications, Raiser's Edge. We're waiting for completed web development before investigating any further.
We were using the client server version of FE so the migration to NXT was an easy one. I believe we looked at QuickBooks at one point.
8
AR, AP, Budgeting, reporting.
2
IT with some accounting background.
- budgeting
- AP
- AR
- Dashboards
- Further expand dashboards
- reporting
No
- Prior Experience with the Product
- Existing Relationship with the Vendor
SaaS
Wait a little longer for development of the software
- Vendor implemented
No
Change management was minimal
- user setup
Yes
Yes
We had an outage and a support rep would email me hourly on the status of the outage.
- Reporting
- User Maintenance
No