Financial Edge NXT Review
Brandon Mand | TrustRadius Reviewer
June 14, 2018

Financial Edge NXT Review

Score 9 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Financial Edge NXT

I work for a Foundation at a college and our whole department uses FENXT. We use it for all of our accounting needs other than Purchase Order management. We use it in conjunction with Raiser's Edge to keep track of all incoming and outgoing money and also to manage the active funds our organization has.
  • I love how well FE interacts with Raiser's Edge. This makes it much easier for our organization to stay current and increases our level of trust in the information we are seeing in both systems.
  • The reporting features in FE make it easy to pull accurate information in a timely manner.
  • I would like to see the price reduced. I work for a medium-sized non-profit and if the price keeps rising, I worry we will no longer be able to use FE. It is an incredible system to use, but if the price keeps rising, it will be difficult for small to medium-sized organizations to justify the cost.
  • I would like to see error messages that contain more information. When our accountant runs the process to post gifts from Raiser's Edge, she typically is not able to easily understand the reason for the gift exceptions. It then requires me doing research in RE to find out what the error may have been from.
  • I think overall, we receive a positive ROI. We are able to use FE to handle the vast majority of our accounting needs, which is nice.
  • Operational efficiency
  • 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
  • Reduced IT expenditure due to cloud deployment
I do feel that all of these outcomes have been achieved.
My organization also utilizes Raiser's Edge, Blackbaud Payment Services, Online Express, and Academic Works.
I have not used any other accounting software or products.
I think FENXT is well suited for medium to large sized organizations who are willing to make an investment in their systems. I do not feel this would be worthwhile for small organizations or ones who do not prioritize their database systems.

Financial Edge NXT Feature Ratings

Cash management
8
Bank reconciliation
8
Expense management
9
Fixed asset management
8
Multi-division support
8
Regulations compliance
8
Electronic tax filing
7
Self-service portal
9
Dashboards
9
Standard reports
9
Custom reports
9
API for custom integration
8
Plug-ins
8
Role-based user permissions
10
Single sign-on capability
10