Financial Edge NXT
Christine Settles | TrustRadius Reviewer
October 24, 2017

Financial Edge NXT

Score 7 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Financial Edge NXT

Financial Edge NXT is only being used by the Finance & Operations team. We use it as our accounts payable system & our general accounting system.
  • I love the sidebar feature for accounts payable that allows you to see much of the details of the transaction without requiring you to open the full record.
  • Being able to run a report straight to Excel is very useful & easy.
  • It is nice to be able to search for vendors more easily than one could in Financial Edge 7.
  • The journal entries are cumbersome to use. The view is "backward" from what I'm used to, with the most recent lines entered showing at the top of the entry.
  • It is hard to review journal entries in the NXT view because only some of the lines (>5) show in each screen & then you have to click to get to the next set of 5 lines, etc. I often revert to the database view so that I can see the entire entry in one screen.
  • There are no journal entry line numbers in the NXT view. This makes it difficult to find a specific line item & if you search for just that line you can't see the other side of the transaction. Again, I revert to the database view for most JE review & revision.
  • The most useful & complex reports, such as the Statement of Functional Expenses, are not available in the NXT view.
  • It's hard to tell as we just made the switch in July 2017 (review written in Oct 2017). The hope is that we will be able to utilize some of the AP functionality to increase efficiency in the office & that we will be able to implement the cash management module to reduce redundant data processing.
  • Operational efficiency
  • Reduced annual audit cost
  • Improved data accuracy
  • Improved insight into your organization's performance
  • Better ability to report to funders and key stakeholders
  • Faster month-end process
  • Automation of business processes
Too soon to know.
We only use Financial Edge NXT at this time.
I find Financial Edge to be pretty easy to use. I like that you can include unposted transactions in reports. I find that the report building is easier in the NXT view but it did take some getting used to.

Financial Edge NXT Feature Ratings

Accounts payable
7
Accounts receivable
Not Rated
Cash management
Not Rated
Bank reconciliation
Not Rated
Expense management
7
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Pricing
Not Rated
Credit card processing
Not Rated
Cost of goods sold
Not Rated
Pay calculation
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
Not Rated
Standard reports
7
Custom reports
7
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
6
Single sign-on capability
6