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Reviews (1-9 of 9)
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February 18, 2020
Our accounting team uses Financial Edge daily. Our senior management across departments accesses reports directly on a bi-weekly basis. We import Altru general ledger entries into Financial Edge. It addresses our accounting, internal controls, and business needs.
- Stable Platform
- Understandable to our users
- The dashboard is not robust.
- The online version (FE NXT) seems to operate slow to often.
Financial Edge is our accounting system. We use Financial Edge across our entire organization.
- Non-profit accounting
- Flexibility - NXT or database
- All functionality needs to be available in NXT
- Integration between RE and FE needs to be easier to manage
January 10, 2020
Financial Edge is primarily utilized by our Development Office for planning and tracking of fundraising, philanthropic gifts, and event planning. As a non-profit organization, Financial Edge is useful in recording the financial success of fundraising activities, and overall donations (monetary and otherwise) provided on a monthly and annual basis. Reporting, tracking, and expenses are also managed in FE.
- Single-place to record all donations gifts to organization.
- Tracking and follow up for philanthropic gifts and endowments is user-friendly.
- Metrics in the reporting features could be enhanced to allow for cross-year/event comparisons.
- It does not allow for single-sign-on from other platforms, requiring additional keystrokes for access/exit.
Financial Edge is used to create purchase orders, invoices, and process payments.
- It is a quick and easy way to create purchase orders.
- It is easy to look up vendors and purchases that have been made through them.
- I do not have any complaints about its functionality.
Financial edge is used as the financial, accounting software for my organization. It is also used for subsidiary corporations. We are able to track debits and credits, provide balances for departments across the university campus, examine budgeting scenarios and reporting. We utilize a number of candid reports but also have built a number of custom reports.
- Financial edge is able to be customized in a way that fits our organization.
- Financial edge is able to provide reports to our end-users on budget versus actual account balances.
- Financial edge is able to handle a large volume of transactions with ease, having built-in capabilities for batching and balancing.
- While the program is highly customizable, it would be helpful if there was more direction on best practices of how to set everything up.
- Expand on reporting.
- Ability to report on "open" years.
Financial Edge is the premier nonprofit software I have worked with. It allows for deep segmenting and analysis of expenses as well as grant management. If an organization has two or more grants, I highly recommend Financial Edge to them. One of the better features is dashboards that allow department or team managers to quickly review their budgets and expenses at a glance without burdening the accounting team.
- Grant Management - nothing is more harrowing than grant reporting, and FE does it best. It allows for layered budgets and limitless division of expenses among grants, overhead, or other projects/programs.
- Reporting - Most financial software tries to adapt for-profit accounting into a non-profit mode without addressing the unique needs of a nonprofit for reporting and auditing.
- Multiple projects and/or cost centers within a budget and system - nothing is more challenging than trying to manage expenses over several cost centers and FE is a champ at allowing that complexity.
- Not for "out of the box" users - Financial Edge is a great system, but implementation requires support or even an consultant. You want to make sure you have set it up correctly - not duplicating what you have always done, but in a way that makes the robust reporting in FE work for you.
- Better exported reports - Reports exported to Excel always seem to have too many lines and columns as well as at least one column that is off one cell to the right. Not a huge issue, but it takes a little time to reformat.
October 25, 2017
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.
March 21, 2017
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.
April 12, 2018
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 Scorecard Summary
Feature Scorecard Summary
What is Financial Edge?
Categories: Accounting
Financial Edge Technical Details
| Operating Systems: | Unspecified |
|---|---|
| Mobile Application: | No |