Financial Edge NXT


 

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.

 

Financial Edge by Blackbaud - General ledger
 
  • Financial Edge by Blackbaud - General ledger
    General ledger
  • Financial Edge by Blackbaud - Accounts
    Accounts
  • Financial Edge by Blackbaud - Payables
    Payables
  • Financial Edge by Blackbaud - Treasury
    Treasury
Supported Operating System(s):
Windows 7, Windows Vista, Windows XP, Mac OS, Web browser (OS agnostic), Windows 2000

93 Reviews of Financial Edge by Blackbaud

Showing 1-20 of 93

 

Start your review of Financial Edge by Blackbaud

Click to start
https://www.softwareadvice.com/accounting/blackbaud-review/

Daniel from Memphis Union Mission
Specialty: Non-Profit
Number of employees: 11-50 employees Employees number: 11-50 employees

July 2018

July 2018

Full featured software but not cheap

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Marsha from Waterfront Rescue Mission
Specialty: Non-Profit
Number of employees: 201-500 employees Employees number: 201-500 employees

July 2018

July 2018

Need for consolidation in one software.

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Sharon from Historical Society of Central Florida Inc
Specialty: Non-Profit
Number of employees: 11-50 employees Employees number: 11-50 employees

June 2018

June 2018

Maximizing Time and Effort - Minimizing Paper

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Lisa from Mulholland Drive
Specialty: Human Services
Number of employees: 1 employee Employees number: 1 employee

June 2018

June 2018

Integrated with Raiser's Edge and other Blackbaud software

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Ashley from New York Philharmonic
Specialty: Non-Profit
Number of employees: 201-500 employees Employees number: 201-500 employees

June 2018

June 2018

Very intuitive

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Margaret from Family centered services of alaska
Specialty: Healthcare / Social Services
Number of employees: 201-500 employees Employees number: 201-500 employees

June 2018

June 2018

Good training program

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Andrea from Children’s trust of SC
Specialty: Non-Profit
Number of employees: 11-50 employees Employees number: 11-50 employees

June 2018

June 2018

Many wishes

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Latonya from NextEnergy Center
Specialty: Consulting
Number of employees: 2-10 employees Employees number: 2-10 employees

June 2018

June 2018

Streamlined Accounting

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Patricia from Westport Public Library
Specialty: Other
Number of employees: 51-200 employees Employees number: 51-200 employees

May 2018

May 2018

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

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Lisa from Intern Abrard inc
Specialty: Non-Profit
Number of employees: 2-10 employees Employees number: 2-10 employees

May 2018

May 2018

Accounting and Budgeting Software

Ease-of-use

Functionality

Product Quality

Customer 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

Review Source
 
 

Jennifer from City of Clayton
Specialty: Government Agencies
Number of employees: 11-50 employees Employees number: 11-50 employees

May 2018

May 2018

Powerful

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Katina from The Lexington School
Specialty: Education
Number of employees: 201-500 employees Employees number: 201-500 employees

April 2018

April 2018

Education Edge - Blackbaud

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Saima from LAMPLIGHTER SCHOOL
Specialty: Education
Number of employees: 51-200 employees Employees number: 51-200 employees

April 2018

April 2018

FINANCIAL EDGE NXT

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Dylan from EMPath
Specialty: Non-Profit
Number of employees: 51-200 employees Employees number: 51-200 employees

April 2018

April 2018

Great Option for FE Users

Ease-of-use

Functionality

Product Quality

Customer 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

Review Source
 
 

Louise from City in Focus
Specialty: Non-Profit
Number of employees: 2-10 employees Employees number: 2-10 employees

March 2018

March 2018

Blackbaud for small Non-profit

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Melissa from AKC Canine Health Foundation
Specialty: Non-Profit
Number of employees: 1,001-5,000 employees Employees number: 1,001-5,000 employees

March 2018

March 2018

Wonderful Reports

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Cain from Center for Arms Control and Non-Proliferation
Specialty: Non-Profit
Number of employees: 2-10 employees Employees number: 2-10 employees

March 2018

March 2018

Financial Edge - Hands Down the Best Nonprofit Accounting Package

Ease-of-use

Functionality

Product Quality

Customer 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.

Review Source
 
 

Heidi from GPS Education Partners, Inc.
Specialty: Education
Number of employees: 11-50 employees Employees number: 11-50 employees

March 2018

March 2018

Database Administrator

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

The FE NXT webview is a great improvement over the database view and I am looking forward to the continued delivery of new features as they role them out.

Cons

Cost. The software does allow for more complex reporting than some others I have used but the cost continues to rise and due to the development and we continue to review the ROI year over year.

Review Source
 
 

Ashley from Kairos Northwest
Specialty: Non-Profit
Number of employees: 201-500 employees Employees number: 201-500 employees

March 2018

March 2018

Great Work in Progress

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Easy to use. Very straight forward. Customization, you can access it wherever and whenever you need. Very user friendly, if you have questions or not sure where to look for something support is always there to help but there is also classes available and a lot of 'how to' documents. With the ability to duplicate an invoice it makes it easy to enter in multiple invoices for the same vendor if very minimal changes are needed. As a company with a lot of credit card activity the credit card feed that is currently in testing is great! It used to take 3 days to enter in all of our credit card receipts now it only takes half of a day since all I have to do is code the receipt that get's pulled in directly from the credit card company.

Cons

There is no module for accounts receivable or payroll so both of those individuals do not use it. And there is no FAST way of entering a bulk amount of invoices at one time so the database view is more beneficial for accounts payable.

Review Source
 
 

Crystal from Marist School
Specialty: Education
Number of employees: 201-500 employees Employees number: 201-500 employees

March 2018

March 2018

We Love Blackbaud's Products

Ease-of-use

Functionality

Product Quality

Customer Support

Value for Money

Pros

Blackbaud has created a real community. You can talk with people in your industry, from others, and anyone who works for Blackbaud. Support is great and their followup is refreshing.

Cons

I wish they were based here in Atlanta. BB HQ is awesome and I wish they were closer, but it gives me a destination when I am looking to go to SC.

Review Source
 
 
 
Write a Review