Financial Edge NXT Reviews

90 Ratings
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Score 8.7 out of 101

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Reviews (26-38 of 38)

Heidi Tabat profile photo
Score 9 out of 10
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Use Cases and Deployment Scope

Financial Edge NXT is being used by our accounting team for data entry, oversight, and reporting. We upgraded to NXT for both Financial Edge and Raiser's Edge to allow for easier access and reporting.
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Richard Waldmann profile photo
Score 10 out of 10
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Use Cases and Deployment Scope

Financial Edge is currently being used by our business office and it provides a clear, comprehensive solution for our entire accounting office. The ability to track the general ledger and giving from the advancement office in one system provides a seamless flow of information from one system to the other.
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Jeremiah Pierce profile photo
December 14, 2016

Mid Sized Non Profit

Score 9 out of 10
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Use Cases and Deployment Scope

Financial Edge NXT is used by the finance department for accounting, reporting (both corporate and for grants), accounts payable, payroll, budgeting and forecasting. We had previously used QuickBooks for these functions but needed the added flexibility and reporting that Financial Edge provides us. We have since move from the on site hosted version to NXT due to the new user interface and added efficiency.
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Megan Thie, CFRE profile photo
Score 10 out of 10
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Use Cases and Deployment Scope

Financial Edge NXT streamlined our monthly reconciliation and drastically improved our reporting time and depth. Our part time CFO was able to do his job more effectively in less time which saved our organization major money!!
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Ray Smith profile photo
Score 10 out of 10
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Use Cases and Deployment Scope

It is being used across the organization. It is easy for all staff to access and get what they need which cuts down on report requests for the accounting department.
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October 19, 2017

80-20

Score 7 out of 10
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Use Cases and Deployment Scope

The whole organization uses FE-NXT and a sister software RE-NXT. Both programs allows us to track 30 different projects, three funds (unrestricted, temporary restricted, and permanent restricted), and 12 sizable grants with matching dollars (local, state, and federal resources). In addition, we can create income/loss statements for each project, fund, and grant for compliance reporting.
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No photo available
Score 10 out of 10
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Use Cases and Deployment Scope

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.
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Score 5 out of 10
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Use Cases and Deployment Scope

We implemented Financial Edge NXT at the beginning of this year (2017), and it is being used by our finance department. It has been challenging in the respect to our account manager (I believe we have had three so far). While the product is new to us, we have faced numerous questions and seem to have a problem with support and/or our account manager responding back to us. Many features are very similar to what we have used in the past and we have been able to problem solve a lot of issues on our own. The modules have many features that I think would benefit us, but we have not ventured to try and see how they work.
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October 25, 2017

It's Complicated

Score 3 out of 10
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Use Cases and Deployment Scope

Financial Edge is being used essentially across the whole organization, in conjunction with Raiser's Edge. We have two conference centers that are attempting to complete the entry of June data, as we are in the Home Office. We use all the modules except Student Billing, as we are not an educational institution.
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October 20, 2017

Improvement

Score 7 out of 10
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Use Cases and Deployment Scope

Financial Edge is being used as our main Accounting system. We use it to reconcile accounts, enter A/P and A/R. General Journal entries and cash deposits are accounted for in our Accounting department.
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Score 9 out of 10
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Use Cases and Deployment Scope

Financial Edge is our primary financial and accounting software and is used for all financial management, accounting, and reporting.
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October 28, 2016

This is it!

Score 9 out of 10
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Use Cases and Deployment Scope

It is being used only by our controller and CEO; will soon be used by the assistant controller.
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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)
6.0
Single sign-on capability (31)
7.4
Role-based user permissions (32)
6.3
Dashboards (31)
6.8
Standard reports (36)
6.9
Custom reports (35)
6.9
Accounts payable (37)
7.4
Accounts receivable (15)
6.6
Cash management (27)
7.2
Bank reconciliation (30)
7.1
Expense management (23)
7.3
Time tracking (6)
6.4
Fixed asset management (18)
7.4
Multi-currency support (6)
7.9
Multi-division support (14)
6.8
Regulations compliance (10)
7.7
Electronic tax filing (9)
5.6
Self-service portal (17)
8.3
Pricing (8)
6.2
Credit card processing (10)
4.9
Cost of goods sold (3)
1.5

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