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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.https://media.trustradius.com/product-logos/sz/uh/WH7O6ZWHT580.PNGFinancial Edge NXTFE 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.,7,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,We have tried some of the other applications, Raiser's Edge. We're waiting for completed web development before investigating any further.,,Salesforce App Cloud, Yardi Property Management, Tableau Server,8,2,budgeting AP AR,Dashboards,Further expand dashboards reporting,7,No,Prior Experience with the Product Existing Relationship with the Vendor,Wait a little longer for development of the software,Vendor implemented,No,Change management was minimal,user setup,7,9,Yes,We had an outage and a support rep would email me hourly on the status of the outage.,Reporting,User Maintenance,No,6If you are looking for flexibility in reporting and access FE is worth reviewingWe decided to go from FE & RE to the new NXT products for several reasons. Development officers can now access it remotely; we can log in from anywhere, we can have campus-wide reporting made available without the need to change each computer, reporting has more flexibility and auto bank reconciliation to name a few. We are new to NXT but have used Blackbaud for several years in our organization.,Remote access is easy to use and so convenient. Development members can access funds and provide the most up to date information to the constituents. Access to project reports by our fund directors campus wide is something that we are working on implementing right now since the use of reporting is so accessible. The bank reconciliation module is a time saver.,Logging into the data base view could be streamlined for faster login. Create a system that would allow groups of invitations for FE NXT all at once. We have FE NXT view only for our fund directors and development officers across campus and the need to invite each one individually and not have the ability to set them up at the same time is very time consuming and inefficient. Our fund directors change frequently so this is definitely something that I would be interested in seeing an update completed.,8,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.,Operational efficiency Improved data accuracy Improved insight into your organization's performance Better ability to report to funders and key stakeholders Faster month-end process Automation of business processes Increased scalability due to cloud deployment,We use multiple software products from Blackbaud and others that are compatible with FE NXT. One that is being currently being implemented is Omatic's Positive Pay for banking. Blackbaud set it up in our system and already had a format for our specific bank so that we can add another layer of security in our bank accounts.,,Raiser's Edge NXT,7,5,Reporting - Fund accounting specific software Ease of Access for multiple areas of campus Security is definitely a positive with this system when setting up internal controls.,We have been able to set up an import format for entering all of our scholarship payments with a spreadsheet. Without the need to enter each one individually it increases accuracy and has saved us approximately 3 days of work during each award cycle. We have also found it much easier to customize credit card entry for our monthly processing so that it can be done as the receipts come in and not wait until the end of the month. We are in the process of setting this up now.,I hope that we will be able to produce annual donor reports with graphs that include both the endowment balance, the current restricted balance and the reserve balance of each fund along with the amount of scholarships awarded since inception.,10,Yes,Product Features Product Usability Product Reputation Existing Relationship with the Vendor Analyst Reports,I'm completely satisfied.,No,9,NoUnspecified
Financial Edge NXT
90 Ratings
Score 8.6 out of 101
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Financial Edge NXT Reviews

Financial Edge NXT
90 Ratings
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Score 8.6 out of 101

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Score 8 out of 10
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9
I would prefer that we have full customer support for FE NXT but there was an additional charge for the ability to call support which we felt was not cost effective. When we have used chat and online support the response has been good and issues resolved in a timely manner.
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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)
5.9
Single sign-on capability (31)
7.4
Role-based user permissions (32)
6.4
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)
7.3
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)
6.1
Credit card processing (10)
5.0
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