TrustRadius
Financial Edge NXT was a pleasant surprise!
https://www.trustradius.com/accountingFinancial Edge NXTUnspecified8.790101
Pamela Wittmayer profile photo
May 21, 2018

Financial Edge NXT was a pleasant surprise!

Score 10 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with Financial Edge NXT

We have been using Blackbaud products for over 20 years and last fall we made the choice to upgrade to the cloud version for the entire school products. Upgrading to Financial Edge NXT was not the driver---the student information system was the driver---but we are reaping many benefits from the NXT environment. Since using Financial Edge NXT, we rarely utilize the database version as the majority of day-to-day activities can now be done in NXT.
The benefits it has provided have been faster access to the system and more efficiency in our business office. We can get things done more quickly with the NXT version.
  • Data entry is much easier with NXT especially for accounts payable
  • Reporting is fantastic with the ability to drill down in the reports to the detail and to export reports in more consistent formats (PDF, Excel)
  • Bank reconciliation is a breeze with the cash management capabilities
  • Right now budgeting functions are only available for look ups, not for budget creation or editing
  • Financial Edge NXT is expensive, but its functionality has reduced overtime in our business office and allowed us to not have to hire additional help
  • 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
  • Increased scalability due to cloud deployment
  • Reduced IT expenditure due to cloud deployment
We are in our 6th month of using Financial Edge NXT. We have seen many of these outcomes as a result of the continued addition of new features for NXT that are added monthly. Also, they listen to users and try to add new functionality that have been requested by the users. The ability to have new features without having to wait a long time for a new version release is awesome.
We utilize Raiser's Edge NXT and Blackbaud Small School OnSuite, which is currently being converted. We have transitioned to Blackbaud Smart Tuition and Blackbaud Smart Aid.
Financial Edge NXT is very well suited for the school environment.

Financial Edge NXT Feature Ratings

Accounts payable
10
Accounts receivable
Not Rated
Cash management
10
Bank reconciliation
10
Expense management
Not Rated
Fixed asset management
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
Not Rated
Custom reports
Not Rated
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
9
Single sign-on capability
10