Financial Edge NXT to the rescue!
Gregory Seay, CMA, CPA profile photo
Updated September 08, 2017

Financial Edge NXT to the rescue!

Score 10 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Financial Edge NXT

Our staff uses NXT on a constant basis to keep up to date on the budget vs. actuals. No more waiting for monthly reports!
  • Versatility to be used on any device anywhere
  • Sleek design that's easy on the eyes
  • Robust enough to view summary information as well as drill down to details
  • Needs a bit more performance in speed to load information
  • Less time spent compiling reports for department managers
  • Less time spent on data entry utilizing import capabilities
  • Operational efficiency
  • Improved insight into your organization's performance
  • Increased scalability due to cloud deployment
  • Reduced IT expenditure due to cloud deployment
Financial Edge NXT has helped us achieve what we were wanting to get out of it. We have improved our overall timeliness of reporting with the ability of budget managers to see their accounts in real time. We've also been able to reduce the stress on our IT department with the cloud environment by not having to service and maintain additional servers.
At this time. Financial Edge NXT is the only Blackbaud product that we use. I'm sure at some point in the future, we will take a look at utilizing some of their other products, but at this time, we just aren't ready.
No comparison. NXT is easy to understand what you are looking at and easy to create reports on the fly.
If you run a tight budget, which almost includes everyone, then Financial Edge NXT is for you. Department managers are able to view how they are doing at any time without having to request a report from finance or accounting and understand what they are looking at without much training at all.

Financial Edge NXT Feature Ratings

Accounts payable
9
Cash management
10
Bank reconciliation
10
Fixed asset management
10
Multi-division support
9
Self-service portal
9
Dashboards
10
Standard reports
10
Custom reports
9
Role-based user permissions
7
Single sign-on capability
10

Using Financial Edge NXT

Ministry staff utilizing professional expense accounts for appointments with congregational members as well as budgets for events and community gatherings.
1 - With being hosted in the cloud, we have no need to staff an in-house support person on an on-going basis. The Blackbaud support team is our only resource and they serve us well.
  • Visibility for ministry staff to know how much funds they have available to use.
  • Fixed asset management.
  • Board reporting.
  • Tracking construction costs for major projects with the use of account and project code combinations.
  • Initiate electronic funds payments through A/P.
There aren't too many non-profit specific financial/accounting software solutions available. Even so, Financial Edge NXT meets the needs of our staff and allows us to operate efficiently.