Financial Edge NXT Reviews

95 Ratings
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Score 8.7 out of 100

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Reviews (1-25 of 38)

Cindy Sheeks | TrustRadius Reviewer
April 15, 2018

Love the functionality of NXT

Score 8 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • It has allowed more users to help themselves allowing me to be more productive. I don't have to stop and provide the desired information.
  • The ease of exporting the reports has increased my productivity.
  • Ease of writing custom reports has increased my data analysis.
Read Cindy Sheeks's full review
Stephen Forcey | TrustRadius Reviewer
October 20, 2017

4c review of NXT

Score 2 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • We've had some untimely database down time from server errors over the period of a few weeks.
  • The availability of attached invoices has provided some immediate information for audit questions that we would have struggled to obtain otherwise.
  • We have some slow times when it appears the servers are busy. We have to wait after each click of the mouse and have to be careful not to get ahead of the keystrokes because we don't know where we are in the sequence. This may last for a while and then go away.
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Audrey Trembly | TrustRadius Reviewer
October 20, 2017

Frustration vs Satisfaction

Score 1 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • We have paid out a lot of money for the initial set up of FE (3rd party)and then more for Blackbaud to come in to help us finish set up. Then more $$ for NXT without a level of training that should have accompanied the initial set up. Many procedures, reports, etc we have had to teach ourselves which has been a struggle.
  • The Commissioners think we have thrown good money after bad.
Read Audrey Trembly's full review
Regina Robinson | TrustRadius Reviewer
October 18, 2017

Love FE

Score 9 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • FE has returned our investment due to the time savings of having to export data into excel and navigating the data.
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Kim Howes | TrustRadius Reviewer
October 18, 2017

FE NXT - I'm a fan!

Score 9 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • Alleviates the need to track/calculate RE donor fund balances manually in an Excel spreadsheet
  • Allows us to track and easily report how donor dollars are spent
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Phil Sonnenberg | TrustRadius Reviewer
October 17, 2017

Financial Edge NXT works for WSU

Score 9 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • General ledger accounting is a necessity so integration with existing products is convenient. However, Blackbaud could make this product more competitively priced.
  • The ability to utilize Blackbaud Merchant Services to process credit cards has reduced costs and streamlined the process.
  • Chat with support services has proved to be effective.
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Kathy Carroll | TrustRadius Reviewer
January 16, 2018

If you are looking for flexibility in reporting and access FE is worth reviewing

Score 8 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • Bank Reconciliation has streamline the ability to have real time banking information available in our system without all of the manual calculations needed previously.
  • Having the ability to look up information remotely when away from the office has been a lifesaver several times for fund directors, development officers and donors.
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Cameron Dunkin | TrustRadius Reviewer
September 15, 2017

A Solid standard program.

Score 7 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • It's allowed for consolidation, tracking of records (especially historically), and efficiency. I enjoy having the one program for everything
  • Good support system when needed
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Christine Settles | TrustRadius Reviewer
October 24, 2017

Financial Edge NXT

Score 7 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • It's hard to tell as we just made the switch in July 2017 (review written in Oct 2017). The hope is that we will be able to utilize some of the AP functionality to increase efficiency in the office & that we will be able to implement the cash management module to reduce redundant data processing.
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Heidi Tabat | TrustRadius Reviewer
January 18, 2017

Financial Edge NXT - Onward and Upward

Score 9 out of 10
Vetted Review
Verified User
Review Source

Return on Investment

  • Cleaner reporting exports have reduced time needed each month for normal reporting.
  • Easier and cleaner access for view only personnel to be able to know what the numbers are with very little training.
  • New user training is much faster and easier with the NXT view.
Read Heidi Tabat's full review

Feature Scorecard Summary

Pay calculation (9)
4.9
Direct deposit files (8)
5.2
Salary revision and increment management (7)
9.9
Reimbursement management (4)
9.0
API for custom integration (11)
8.5
Plug-ins (17)
7.0
Single sign-on capability (33)
8.9
Role-based user permissions (34)
8.5
Dashboards (33)
7.3
Standard reports (38)
8.6
Custom reports (37)
8.6
Accounts payable (39)
9.0
Accounts receivable (17)
7.0
Cash management (29)
9.0
Bank reconciliation (32)
8.6
Expense management (25)
8.9
Time tracking (6)
6.4
Fixed asset management (20)
9.0
Multi-currency support (6)
7.9
Multi-division support (16)
9.0
Regulations compliance (11)
9.7
Electronic tax filing (9)
5.3
Self-service portal (19)
9.0
Pricing (8)
6.5
Credit card processing (11)
9.3
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