Financial Edge NXT is a Timesaver
Tracy Spence | TrustRadius Reviewer
December 24, 2018

Financial Edge NXT is a Timesaver

Score 9 out of 10
Vetted Review
Verified User
Review Source

Overall Satisfaction with Financial Edge NXT

Financial Edge NXT is used mostly by our foundation staff. We use it as our main accounting software. We use Raisers Edge for recording contributions and then integrate them with Financial Edge. This process is very easy as long as all your accounts are set up correctly. We would like to soon make Financial Edge NXT available for all of our advancement staff and some of our project directors. The challenge in this is being able to easily limit access to only the individual’s projects.
  • I love the copy invoice feature. This makes for quicker entry of our invoices.
  • The drill-down feature is also a plus when searching for a particular item.
  • Being able to export tables quickly is a timesaver.
  • At this time it doesn’t distribute negative entries to the correct project when there are multiple projects. This becomes a problem when you are trying to use a credit for one project but expenses invoice to a different project.
  • The edit feature for imported journal entries is more difficult than in Financial Edge.
  • The timeout feature logs you out too quickly.
  • We use Financial Edge NXT and Raisers Edge NXT together and they work very well for us. They enable us to work with our donors and our finances separately yet together.
I have used other products such as Banner at previous jobs. When I came to my current job, they already had Financial Edge in place. It was easy to learn and more user-friendly than Banner and other programs I had previously used. We converted to Financial Edge NXT shortly after I started working there. The advantages of Financial Edge NXT are a great benefit.
Financial Edge NXT has its difficulties just like any program but it has many positive features. Access online was a big plus for us, as was the copy feature for invoices, receipts, etc. Those features have proven to be big timesavers. It is easy to use and learn.

Financial Edge NXT Feature Ratings

Accounts payable
9
Accounts receivable
Not Rated
Cash management
Not Rated
Bank reconciliation
7
Expense management
6
Fixed asset management
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
5
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
Dashboards
6
Standard reports
7
Custom reports
7
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
4
Single sign-on capability
8