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Financial Edge NXT

96 reviews(4.0/5)
96 reviews(4.0/5)

Financial Edge NXT is a cloud accounting solution from Blackbaud that provides transparency across teams, security, compliance, and reduces the need for manual processes. The system is a fund accounting solution that provides a general ledger, projects, grants, endowments, accounts payable and receivable, fixed assets, banking, and more.

With a personalized dashboard and customizable views, Financial Edge NXT enables users to closely monitor income statements, program-to-expense ratios, cash balances, and other key metrics. Financial Edge NXT offers real-time reporting, with one-click drill-down functionality and export capability, to enable data-driven decisions in real time.

As a Blackbaud product, Financial Edge NXT is backed by a company with three decades of experience in the nonprofit market. The system allows users access to grant and project accounting that allows for streamlined management of budget, as well as a way to effectively monitor accounts and generate reports. By using Financial Edge NXT, nonprofits can reduce dependency on manual processes, improving data entry accuracy.

Supported Operating System(s):
Windows 7 , Windows Vista , Windows XP , Mac OS , Web browser (OS agnostic) , Windows 2000

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96 Reviews of Financial Edge by Blackbaud

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  • Emily from National D-Day Memorial

    Specialty: Education

    Number of employees: 11-50 employees

    August 2018

    Easy to use

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    There is a lot of training available for Financial Edge. It integrates smoothly with Raiser's Edge and it is easy to teach new people without having to do ALL of the training.

    Cons

    If something is not set up properly at the beginning it's a lengthy process to correct. It is very possible to correct and Blackbaud is very helpful.

    This review was submitted organically. No incentive was offered
    Review Source

  • Rebekah from Lake County Forest Preserves

    Specialty: Government Agencies

    Number of employees: 201-500 employees

    August 2018

    Happy convert from Quickbooks Online

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    If you use RE, definitely integrate and use FE!

    Pros

    Integration with RE is the main reason we converted from QB Online. It was a great decision, as it has increased efficiency and reduced errors.

    Cons

    It was somewhat challenging for our accounting staff to get used to, since they aren't RE users, but the training package is quite good.

    This review was submitted organically. No incentive was offered
    Review Source

  • Matt from EE International

    Specialty: Non-Profit

    Number of employees: 11-50 employees

    July 2018

    Overall a very good experience with this product

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Best feature with financial edge is that you are guaranteed to have assistance throughout your process

    Cons

    The cost factor is more on the pricey side compared to other competing products. If you can spend the extra money then go for it

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source

  • Daniel from Memphis Union Mission

    Specialty: Non-Profit

    Number of employees: 11-50 employees

    July 2018

    Full featured software but not cheap

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Great functionality, and able to handle everything our local non-profit organization needs it to do, including integration with the donor management side, Blackbaud Raisers Edge. An example of the good integration is that gifts recorded in Raisers Edge then can be posted over to Financial Edge, to avoid duplicate entry. Good audit trail for all transactions, with inability to change posted items.

    Cons

    The desktop version is being phased out with customer support and account reps strongly encouraging a move to the web based version, which is in fact more user friendly (per the demos I've seen) but is also more expensive, and it already was not cheap.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source

  • Marsha from Waterfront Rescue Mission

    Specialty: Non-Profit

    Number of employees: 201-500 employees

    July 2018

    Need for consolidation in one software.

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Would really like to see Blackbaud come up with one software for Fundraising, Finances and Budgeting

    Pros

    On Line Resources: We seem to be able to get some good on line resources but extra service fee for a call.

    Cons

    Too many clicks to get what is needed. Too many modules which are interrelated causing a larger expense which at first was less.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source

  • Sharon from Historical Society of Central Florida Inc

    Specialty: Non-Profit

    Number of employees: 11-50 employees

    June 2018

    Maximizing Time and Effort - Minimizing Paper

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    If you are having issues, contact support staff. Work with them. If you need to refine your initial setup do so earlier than later, you will appreciate it the long run.

    Pros

    The integration between Altru (our sub-ledger), BB Merchant Services and FE/NXT is superb in my opinion. You have the ability to track a transaction backwards and forwards. We use the visual chart feature to create our budget in five different views - relating to the grants we are using, thereby eliminating errors in data collection by excel spreadsheet creations not getting updated.
    Someone mentioned that thinking about the creation of your organization and GL was a big con for them. I disagree. We came on board with expert advice from BB and created a cohesive database that allows us to close the month within two-three days. I think the effort that is put into creating a tool should be as important as the information that you hope to receive from its use.

    Cons

    A few spotty delays when I an running an exceptionally detailed report as you watch the Jeopardy button go around in circles.

    This review was submitted organically. No incentive was offered
    Review Source

  • Lisa from Mulholland Drive

    Specialty: Human Services

    Number of employees: 1 employee

    June 2018

    Integrated with Raiser's Edge and other Blackbaud software

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    From my fundraising office perspective, using Financial Edge simplifies the back office administrative work as recording gifts, reconciliation and budget tracking are streamlined. No need to translate data back anbd forth to between two or more systems.

    Cons

    Takes time and effort to get the set-up right. Make sure to keep notes on procedures and train long-term staff well.

    This review was submitted organically. No incentive was offered
    Review Source

  • Ashley from New York Philharmonic

    Specialty: Non-Profit

    Number of employees: 201-500 employees

    June 2018

    Very intuitive

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    The Visual chart organizer makes it easy to shuffle our numbers into different formats depending on the purpose and the audience.

    Cons

    I don’t like having to click multiple tabs to see all related information abt something (budget and actuals for an account, or vendor info and payment activity) but looking forward to NXT which will solve this.

    This review was submitted organically. No incentive was offered
    Review Source

  • Margaret from Family centered services of alaska

    Specialty: Healthcare / Social Services

    Number of employees: 201-500 employees

    June 2018

    Good training program

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money
    Pros

    Really enjoying the training available for leArning financial edge. Accounting software is easy to use.

    Cons

    Customer service tickets could improve. I placed a ticket and they could not help me. But I met someone at the conference and he is going to push the issue forward.

    This review was submitted organically. No incentive was offered
    Review Source

  • Andrea from Children’s trust of SC

    Specialty: Non-Profit

    Number of employees: 11-50 employees

    June 2018

    Many wishes

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Ready for FENXT to become fully functional.

    Pros

    Like the ease of use as well as the availability of reporting. Like the connectivity between RE and FE.

    Cons

    Creating budgets is cumbersome. Wish there were more excel like functions for calculating totals. Getting issues resolved can be very time consuming.

    This review was submitted organically. No incentive was offered
    Review Source

  • Latonya from NextEnergy Center

    Specialty: Consulting

    Number of employees: 2-10 employees

    June 2018

    Streamlined Accounting

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    I am positive this tool will be the excellent complete package once the transition in completed!

    Pros

    -Ease of Navigation
    -Intuitive
    -Multi-level Filtering on Displays/Dashboards
    -Detailed Filtering in reporting
    -Ease of Report Export
    -Inclusion and detail of Accounts Payable Subsidiary Ledger (Module)

    Cons

    -Slower transition from Database version, forcing the switch between the two versions to complete all tasks.

    This review was submitted organically. No incentive was offered
    Review Source

  • Patricia from Westport Public Library

    Specialty: Other

    Number of employees: 51-200 employees

    May 2018

    Great product. Waiting for full functionality. I still need to switch to FE to cut checks.

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Overall, NXT is a great product. Once it is fully functional, it will be an even better product!

    Pros

    I like the fact that I can attach a document to an invoice or vendor profile. I also like the fact that I can uncheck the 1099 option in a new invoice if it is not required.

    Cons

    When I search for vendor invoices, I would like to see, on the listing page, a note that there is an attachment in the invoice without having to open it up to look.

    This review was submitted organically. No incentive was offered
    Review Source

  • Lisa from Intern Abrard inc

    Specialty: Non-Profit

    Number of employees: 2-10 employees

    May 2018

    Accounting and Budgeting Software

    Ease-of-use
    Functionality
    Quality
    Support
    N/A
    Pros

    - easy to use
    - lots of custom features to fit to the organization
    - there are many segment to allocate and to analyze

    Cons

    - only 10 years in budget can go into system
    - Budgeting tool is optional so it will cost more than basic plan

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source

  • Jennifer from City of Clayton

    Specialty: Government Agencies

    Number of employees: 11-50 employees

    May 2018

    Powerful

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    I would like to see NXT have all the functionalities that the database view has. I cannot do everything I need to do in just NXT, so we have to use the database view daily.

    Pros

    I like most of the reporting. I also like the functionality in the database view. I really like the last invoice input view in NXT to help me keep my obligation description consistent.

    Cons

    NXT does not do everything I need it to and there are a lot of mouse clicks to finish a transaction, although I am seeing improvements as time goes on.

    This review was submitted organically. No incentive was offered
    Review Source

  • Katina from The Lexington School

    Specialty: Education

    Number of employees: 201-500 employees

    April 2018

    Education Edge - Blackbaud

    Ease-of-use
    Functionality
    Quality
    Support
    Pros

    The ability to create new customers, make deposits, and create statements is extremely easy with this software. Of course, the success of any program is dependent on the proper training

    Cons

    It is sometimes a little difficult to look up a payment when searching by certain criteria. Running a query on a specific set of customers can be difficult if you don't use certain filters. Despite some of the cons, I am satisfied with this product.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source

  • Saima from LAMPLIGHTER SCHOOL

    Specialty: Education

    Number of employees: 51-200 employees

    April 2018

    FINANCIAL EDGE NXT

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Financial Edge NXT is well suited for educational institutions.

    Pros

    We are a private school and use Financial Edge NXT for our daily accounting/finance operations. Very self explanatory and easy to use.

    A variety of reportings available.
    Easy to add new vendors in the system.
    Adding a new invoice is fairly simple.

    Cons

    Hope they quickly change to the web view faster, so we don't have to switch between web and database view.

    This review was submitted organically. No incentive was offered
    Review Source

  • Dylan from EMPath

    Specialty: Non-Profit

    Number of employees: 51-200 employees

    April 2018

    Great Option for FE Users

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Good option for RE users

    Pros

    Easier to navigate, and smoother than traditional FE program. Available on the go, and not locked to a system

    Cons

    Not the easiest to learn, but this is more a function of Financial Edge overall, and not exclusive to NXT

    This review was submitted organically. No incentive was offered
    Review Source

  • Louise from City in Focus

    Specialty: Non-Profit

    Number of employees: 2-10 employees

    March 2018

    Blackbaud for small Non-profit

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Quite a complex software in the Raiser Edge grouping. So if you have the manpower and finances to use this platform it will be very useful on lots of levels but not for the faint-hearted small non-profit to go alone with Blackbaud.

    Pros

    Blackbaud is the platform we use to collect our donations online or at least to manage them and account for them. We are such a small enterprise that our fees are paid for by a collective/support agent so we are not encumbered with fees to Blackbaud. We pay fees direct to the agency. Good for collaboratives to ease the expense.

    Cons

    Too complex to set up especially on several devices. I do not quite understand the relationship with Citrix Receiver, but I have had problems re-downloading that software and connecting it to Financial Edge platform.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source

  • Melissa from AKC Canine Health Foundation

    Specialty: Non-Profit

    Number of employees: 1,001-5,000 employees

    March 2018

    Wonderful Reports

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Pros

    The reports and dashboards are very helpful in providing a snapshot of fundraising efforts. The software is intuitive and easy to use. It's also helpful to be able to log on remotely and work off-site.

    Cons

    The price is high, especially for smaller nonprofits. There is not as much functionality as Financial Edge.

    This review was submitted organically. No incentive was offered
    Review Source

  • Cain from Center for Arms Control and Non-Proliferation

    Specialty: Non-Profit

    Number of employees: 2-10 employees

    March 2018

    Financial Edge - Hands Down the Best Nonprofit Accounting Package

    Ease-of-use
    Functionality
    Quality
    Support
    Value for Money

    Listen, price is always a concern, but so is the time you'll spend manipulating reports in Excel when you work with lesser software packages. I guarantee you, pit me on Financial Edge against an accountant on any other software, and I can get the job done at least twice as fast, and if it's QuickBooks, five times as fast, and without ever having to go into Excel to do anything.

    Pros

    I've worked with Blackbaud's Financial Edge for over 2 decades now (even back when it was called Accounting for Nonprofits), and it's the best for nonprofit accounting. Its chart of accounts can be changed at any point to accommodate as many segments as you need (I have worked with as many as 4 segments), and reporting of any kind is easily accomplished with the variety of accessible reports and queries. A lot of journal entries that you'd need to create in other software packages are easily handled through invoice entry in accounts payable, at the time of invoice entry, through miscellaneous distributions. Customer service is excellent as well.

    Cons

    The annual support for customer service is a bit pricey, and designed to keep you on the hook forever (if you don't pay for a year, because you don't think you will need support - and after the first year or two you may not - as soon as you need support, you've got to pay a large percentage of all the years you missed). Not a con, but Blackbaud's products get a bad rep from bookkeepers who are more used to the silliness of QuickBooks than the accountant's dream that Financial Edge really is.

    This reviewer was invited by us to submit an honest review and offered a nominal incentive as a thank you.
    Review Source
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