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Blackbaud Financial Edge NXT - a user-friendly, highly customizable accounting solution, perfectly suited for non-profit accounting
June 14, 2023

Blackbaud Financial Edge NXT - a user-friendly, highly customizable accounting solution, perfectly suited for non-profit accounting

Jeanne Welch | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Blackbaud Financial Edge NXT

We use Blackbaud Financial Edge NXT as our company's complete accounting solution. We are a non-profit in the higher education space, raising resources for an affiliated community college, so it was of primary importance to have a product that integrated well with our donor database management solution, which is currently Raiser's Edge NXT. Blackbaud Financial Edge NXT easily handles the unique demands of nonprofit accounting for tracking net assets in restricted and unrestricted classes, in all ledgers. Because the two products are integrated, gift processing and reconciliation are part of a seamless workflow.
  • Robust tools for custom reports ("Chart Organizer") and dashboard design
  • Integration with financial institutions for real-time updates to bank registers and purchase card activity
  • Media storage - this product allows for attachments at every level, so that documentation for every journal entry, deposit, invoice, vendor, and payment is immediately at hand, which has revolutionized the annual audit process for me, and particularly for remote audits post-COVID.
  • Drop the "database view" and provide all functionality within the "web view" of the product. It's annoying to have to jump back and forth to take care of certain tasks.
  • Add the ability to search by transaction amount.
  • In a payment distribution where amounts are split between Projects sometimes, the system changes the distribution when posting to a percentage-based split rather than the specific amounts I entered, causing the splits to be off by cents. This can go unnoticed until individual Projects are found to be slightly out of balance, forcing otherwise unnecessary journal entries.
  • Dashboard data is not refreshed often enough.
  • The ease of sharing information out of the system to our stakeholders has allowed for increased transparency and confidence in data integrity.
  • Our financial reporting activity has been streamlined since moving to this product, because there is less reliance on Excel. This has allowed more to be done in less time, freeing up resources for other projects.
  • There has definitely been a negative impact on our budget. This product is expensive, but we have so far been able to remain committed to continuing the efficiencies brought about by the added functionality of Blackbaud's integrated product line.
I do appreciate the ability to snapshot information to allow for a quick check-in through the dashboards. I can share that information with our executive team and board, even sharing access to the dashboards themselves if I wish. It would be great if the data in the dashboards were updated in real-time. Perhaps that functionality will be added at some point.
Ellucian Banner Higher Education Finance Quickbooks for Nonprofits

Blackbaud Financial Edge NXT was selected because of its user-friendliness and reporting capabilities. The ability to integrate with Raiser's Edge was also important.

Do you think Blackbaud Financial Edge NXT delivers good value for the price?

Not sure

Are you happy with Blackbaud Financial Edge NXT's feature set?

Yes

Did Blackbaud Financial Edge NXT live up to sales and marketing promises?

Yes

Did implementation of Blackbaud Financial Edge NXT go as expected?

Yes

Would you buy Blackbaud Financial Edge NXT again?

Yes

Because of the flexibility in account string composition, I think this product is well-suited to non-profit organization accounting. The ability to add multiple Transaction codes (on top of the Project codes) has allowed me to easily manage tracking of restricted and unrestricted transaction activity. Thinking this through carefully before implementation has allowed us to easily create reports needed by our auditors and for preparation of the 990. Within a single account string I can see whether a transaction line item is unrestricted, temporarily restricted or permanently restricted, and if an expense, which functional category it belongs in.