Overview
Easy as 123
Financial Edge Spoiled Me
Financial Edge - Stable, traditional, but not forward thinking
Financial Edge
Non-profits profit from Financial Edge!
Financial Edge, Use It!
Financial Edge is great for simple companies!
Financial Edge for Membership Organizations
The Blackbaud help desk is worth it.
Awards
Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards
Popular Features
- Role-based user permissions (9)1.010%
- Bank reconciliation (10)1.010%
- Dashboards (9)1.010%
- Standard reports (9)1.010%
Pricing
Entry-level set up fee?
- No setup fee
Offerings
- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Alternatives Pricing
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Product Demos
How to Install The Financial Edge, The Education Edge and Student Information System
Features
Payroll Management
Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.
- 1Pay calculation(3) Ratings
Pay calculation provides for computation of employee pay with state and federal deductions.
- 1Benefit plan administration(2) Ratings
Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.
- 1Direct deposit files(2) Ratings
Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.
- 1Salary revision and increment management(3) Ratings
Salary revision is the ability to modify individual employee pay.
- 1Reimbursement management(4) Ratings
Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.
Customization
This addresses a company’s ability to configure the software to fit its specific use case and workflow.
- 1API for custom integration(5) Ratings
An API (application programming interface) provides a standard programming interface for connecting third-party systems to the software for data creation, access, updating and/or deletion.
- 1Plug-ins(7) Ratings
A number of third-party plug-ins are available to expand the core functionality of the software.
Security
This component helps a company minimize the security risks by controlling access to the software and its data, and encouraging best practices among users.
- 1Single sign-on capability(6) Ratings
The software system supports a centralized authentication mechanism allowing the user to access multiple systems with a single, centrally managed password.
- 1Role-based user permissions(9) Ratings
Permissions to perform actions or access or modify data are assigned to roles, which are then assigned to users, reducing complexity of administration.
Reporting & Analytics
Users can report on and analyze usage, performance, ROI, and/or other metrics of success.
- 1Dashboards(9) Ratings
Users can create, customize and share dashboards, which provide an overview of the most important metrics.
- 1Standard reports(9) Ratings
The software offers pre-built reports with metrics standard to the category.
- 1Custom reports(9) Ratings
Users can create custom reports.
General Ledger and Configurable Accounting
Financial management solution, including capabilities for general ledger and configurable accounting
- 1Accounts payable(9) Ratings
This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.
- 1Accounts receivable(7) Ratings
This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.
- 1Cash management(9) Ratings
The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.
- 1Bank reconciliation(10) Ratings
The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.
- 1Expense management(8) Ratings
The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.
- 1Time tracking(4) Ratings
The software can track billable and non-billable employee time by project.
- 1Fixed asset management(8) Ratings
This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.
- 1Multi-currency support(5) Ratings
The software supports transactions across multiple currencies.
- 1Multi-division support(6) Ratings
The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.
- 1Regulations compliance(7) Ratings
The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.
- 1Electronic tax filing(4) Ratings
The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.
- 1Self-service portal(7) Ratings
The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.
- 1Global Financial Support(6) Ratings
Account using multiple ledgers, multiple currencies, and multiple entities
- 1Primary and Secondary Ledgers(8) Ratings
Record and report across multiple currencies and accounting standards with primary and secondary ledgers
- 1Intercompany Accounting(8) Ratings
Automatically balance and reconcile GL for intercompany transactions
- 1Localizations(5) Ratings
Meet reporting requirements with country-specific localizations
- 1Journals and Reconciliations(8) Ratings
Automate and synchronize ledgers and processes
- 1Enterprise Accounting(6) Ratings
Create accounting for disconnected ERP and non-accounting source systems
- 1Configurable Accounting(7) Ratings
Configure accounting rules and segments for each chart of accounts
- 1Centralized Rules Framework(6) Ratings
Integrate disparate ERP and transactional systems into single ERP instance
- 1Standardized Processes(7) Ratings
Centralize financial management to facilitate standardized financial processes
Inventory Management
The ability to track and manage the flow of goods or materials into and out of an inventory.
- 1Inventory tracking(2) Ratings
The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.
- 1Automatic reordering(2) Ratings
The software can be set up to automatically reorder a good when it falls below a certain threshold.
- 1Location management(3) Ratings
The software can track multiple goods across multiple locations.
- 1Manufacturing module(2) Ratings
The software helps track and manage raw materials, work-in-progress items, and finished goods.
Order Management
The ability to process orders, and track them from quote to cash.
- 1Pricing(2) Ratings
Users can set up complex and unique pricing requirements.
- 1Order entry(2) Ratings
Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.
- 1Credit card processing(2) Ratings
The software facilitates credit card processing.
- 1Cost of goods sold(2) Ratings
The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.
- 1Order Orchestration(2) Ratings
Define and execute order fulfillment processes for products as well as services on the same order.
- 1End-to-end order visibility(2) Ratings
Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics
- 1Order exception Resolution(2) Ratings
Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules
Product Details
- About
- Tech Details
What is Financial Edge?
Financial Edge Video
Financial Edge Technical Details
Operating Systems | Unspecified |
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Mobile Application | No |
Comparisons
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Reviews and Ratings
(34)Attribute Ratings
Reviews
(1-10 of 10)Do Not Recommend
I have to say, Financial Edge is a joke. Their website is constantly "under maintenance", and until it's done, the website is frozen.
They have this plug-in, essentially, called the Database View, which is used for reporting and posting things. It looks exactly like Windows 98 did, and I've never seen it in a state that's not buffering.
The most frustrating part is to create monthly recurring statements, we have to use what is called the Crystal Report. This generates all the data we've input for the year, and it puts the data in a template that we can then print and mail out. It was acting crazy one day so I contacted customer support, and they told me that they're not offering support for it anymore. Meaning, they carry and advertise this part of their software, but when it doesn't work properly and you lose data, it's not their fault. Okay bro.
- Responsive customer service
- Customer service blames the customer, and never offers solutions other than "wait it out." I've always been told it's my computer, even though everyone else at my work has the same issues.
- Website is constantly "under maintenance" and it somehow never gets better.
- The Database View is outdated and glitchy. Honestly get rid of it.
- The Crystal Report is the only way to handle monthly recurring statements, and Financial Edge does not offer support for it anymore. Good luck figuring that out on your own.
Easy as 123
- 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 Spoiled Me
- 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.
Financial Edge - Stable, traditional, but not forward thinking
- 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 well suited for traditional day to day accounting, accounts payable, and related needs.
- Financial Edge dashboard does not provide a snapshot view of data that I have found are available through other platforms (like QBO).
Financial Edge
- 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
Non-profits profit from Financial Edge!
- 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, Use It!
- 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 great for simple companies!
- 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 for Membership Organizations
- 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.
The Blackbaud help desk is worth it.
- 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.