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Financial Edge is great for simple companies!Financial Edge is being used by our Finance Department for all of the Financial needs. It hasn't really solved any business problems for our organization. However, It does the job of an accounting system.,Financial Edge does a great job at pulling up reports in the general ledger. Financial Edge is great if you have simple accounting needs. Financial Edge makes entering A/P fairly easy.,Financial Edge should not allow for there to have multiple invoices with the same invoice number Financial Edge should be more user-friendly when looking for information Financial Edge should allow more options for financial reporting,7,It saves time by making processes easy for A/P entry It gives many options for customizing reporting It doesn't have a user-friendly interface for simple GL reporting,,DPS Outlook Office, OnRamp, EMS SoftwareFinancial Edge for Membership OrganizationsWe use Financial Edge in our business department to serve the accounting and finance needs of our organization. We utilize the General ledger, Accounts Payable, and Fixed Asset Modules. Since our organization has two entities, Financial Edge enables us to manage the finances of both business entities within one system and we are able to house reports and other information in one location. This makes it easy for us to retrieve information requested from our department and enables all users of the system to pull reports in the event someone is out of the office, making our processes more timely and efficient.,F-9 Reporting is a great tool. We are able to build custom financials for our Finance Committees and Board of Directors and choose how we want to present information to these parties. The AP Module is easy to use and has a "common sense" format. The ability to reference various dates/periods in one journal entry is awesome!,In the list view of Journal Entries, it would be great if we could see the post date in addition to the date added. Fixed Asset module is not set up for some unique scenarios (removing a previously "acquired asset" that was not necessarily disposed of, but place in FA in error). Reporting within the FE application is not so great, so F-9 saves the day with respect to reporting.,10,Financial Edge has enabled us to save time with respect to monthly reporting. Financial Edge has helped us streamline some larger entries that were once a pain to enter in Fundware. The F-9 plug allows us to report information in our desired format as opposed to using the reports within the FE application. Overall, I would say that Financial Edge definitely saves us time on closing each month which frees us up for other projects within our department.,fundware,The Raisers Edge, Raiser's Edge NXTThe Blackbaud help desk is worth it.The modules that make up Financial Edge (General Ledger, Accounts Payable, and Student Billing) are used by finance. The Student Billing module is also used by the Registrar's Office.,Data entry - detailed, but straightforward. Query - very powerful and easy to use.,Overall, the interface looks like something from the early 90s. Users tend to fight the interface until they get used to doing their particular tasks. However, once they know how to make it work in one area, the interface is very similar across the program.,9,That is difficult to answer, as the organization has used Financial Edge for a very long time. I would say the ability to add a project ID to any transaction in the GL makes it much easier to report on all revenue and expenses belonging to a single project, without having to create project-specific accounts.,
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Financial Edge
19 Ratings
Score 7.8 out of 101
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Financial Edge Reviews

Financial Edge
19 Ratings
Score 7.8 out of 101
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April 12, 2018

Review: "Financial Edge is great for simple companies!"

Score 7 out of 10
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Verified User
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Financial Edge is being used by our Finance Department for all of the Financial needs. It hasn't really solved any business problems for our organization. However, It does the job of an accounting system.
  • Financial Edge does a great job at pulling up reports in the general ledger.
  • Financial Edge is great if you have simple accounting needs.
  • Financial Edge makes entering A/P fairly easy.
  • Financial Edge should not allow for there to have multiple invoices with the same invoice number
  • Financial Edge should be more user-friendly when looking for information
  • Financial Edge should allow more options for financial reporting
Financial Edge is suitable for smaller companies who have easy accounting entries. However, it does not allow there to be room for making entries customization.
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Sunny Reed profile photo
October 25, 2017

Review: "Financial Edge for Membership Organizations"

Score 10 out of 10
Vetted Review
Verified User
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We use Financial Edge in our business department to serve the accounting and finance needs of our organization. We utilize the General ledger, Accounts Payable, and Fixed Asset Modules. Since our organization has two entities, Financial Edge enables us to manage the finances of both business entities within one system and we are able to house reports and other information in one location. This makes it easy for us to retrieve information requested from our department and enables all users of the system to pull reports in the event someone is out of the office, making our processes more timely and efficient.
  • F-9 Reporting is a great tool. We are able to build custom financials for our Finance Committees and Board of Directors and choose how we want to present information to these parties.
  • The AP Module is easy to use and has a "common sense" format.
  • The ability to reference various dates/periods in one journal entry is awesome!
  • In the list view of Journal Entries, it would be great if we could see the post date in addition to the date added.
  • Fixed Asset module is not set up for some unique scenarios (removing a previously "acquired asset" that was not necessarily disposed of, but place in FA in error).
  • Reporting within the FE application is not so great, so F-9 saves the day with respect to reporting.
We would like to eventually have an all-in-one solution for billing/AR. We are a membership organization and currently have to host an additional database for billing, then post those transactions to FE. For this reason, we do not feel Financial Edge is best-suited for our accounts receivable needs; as we still have to incur costs associated with hosting another database to do what we need to do. On-the-other-hand, Accounts Payable module works well for our business needs. We primarily process check payments and bank drafts and this module makes it easy to manage payments and correcting errors (i.e. deleting invoices or reprinting a check that did not print properly) is fairly simple.
Read Sunny Reed's full review
Petra Hall profile photo
March 21, 2017

Financial Edge Review: "The Blackbaud help desk is worth it."

Score 9 out of 10
Vetted Review
Verified User
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The modules that make up Financial Edge (General Ledger, Accounts Payable, and Student Billing) are used by finance. The Student Billing module is also used by the Registrar's Office.
  • Data entry - detailed, but straightforward.
  • Query - very powerful and easy to use.
  • Overall, the interface looks like something from the early 90s. Users tend to fight the interface until they get used to doing their particular tasks. However, once they know how to make it work in one area, the interface is very similar across the program.
Mostly I deal with student tuition tracking and reporting on donations imported from other products, such as the Blackbaud development software: The Raiser's Edge. Financial Edge is fairly good at tracking the complexities of fees and financial aid, but it can't email invoices to the parents and does not allow for payments to be processed automatically according to a payment plan.
Read Petra Hall's full review

Financial Edge Scorecard Summary

Feature Scorecard Summary

Plug-ins (1)
6
Single sign-on capability (1)
10
Role-based user permissions (3)
8.5
Dashboards (3)
6.1
Standard reports (3)
5.4
Custom reports (3)
7.4
Accounts payable (2)
7.9
Accounts receivable (1)
8
Cash management (2)
8.0
Bank reconciliation (3)
8.7
Expense management (2)
7.3
Time tracking (1)
7
Fixed asset management (1)
7
Regulations compliance (1)
6
Self-service portal (1)
10
Global Financial Support (1)
8
Primary and Secondary Ledgers (1)
6
Intercompany Accounting (1)
6
Journals and Reconciliations (1)
9
Configurable Accounting (1)
3
Standardized Processes (1)
8

About Financial Edge

Financial Edge Technical Details

Operating Systems: Unspecified
Mobile Application:No