Financial Edge NXT

Financial Edge NXT

by Blackbaud

Who Uses Financial Edge NXT?

Nonprofits and governmental organizations large and small. Blackbaud accounting powers key industries: human service organizations, schools, higher education, healthcare, arts and cultural, and more

What Is Financial Edge NXT?

Financial Edge NXT delivers intuitive cloud fund accounting software designed specifically to meet the needs of nonprofits and government entities. It's advanced technology with powerful reporting tools to help your accounting team drive efficiency, transparency, and financial stewardship while enabling you to seamlessly manage transactions, eliminate manual processes, and securely share information instantly. Track and report financial activity from any device, anywhere with 24/7 accessibility.

Financial Edge NXT Details

Blackbaud

http://www.blackbaud.com

Founded 1981

Financial Edge NXT Pricing Overview

Financial Edge NXT does not have a free version and does not offer a free trial.

Free Version

No

Free Trial

No

Deployment

Cloud, SaaS, Web

Training

In Person

Live Online

Webinars

Documentation

Support

24/7 (Live Rep)

Business Hours

Online

Financial Edge NXT Features

Church Accounting Software
Accounts Payable
Accounts Receivable
Asset Tracking
Bank Reconciliation
Budgeting/Forecasting
Donation Management
Fund Accounting
Payroll Management
Accounts Payable
Accounts Receivable
Activity Tracking
Asset Management
Bank Reconciliation
Budgeting & Forecasting
Compliance Management
Donor Management
General Ledger
Partnership Accounting
Purchasing & Receiving

Vendor has not completed this information.

Accounts Payable
Accounts Receivable
Bank Reconciliation
Budgeting & Forecasting
Donation Tracking
Fund Accounting
Grant Management
Payroll Management
Project Accounting
Purchasing & Receiving

Financial Edge NXT Reviews

Showing 5 of 47 reviews

Overall
4.4/5
Ease of Use
4.1/5
Customer Service
4.2/5
Features
4.1/5
Value for Money
3.9/5
Dominique J.
Staff Accountant
Accounting, 2-10 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    3/5
  • Features & Functionality
    5/5
  • Customer Support
    3/5
  • Value for Money
    Unrated
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 09/10/2018

"My review of Financial Edge NXT"

Comments: I like Financial Edge NXT and I couldn’t imagine doing my job without it!

Pros: I like that this software is for finance and accounting professionals. It has helped me to perform the daily functions of my job with limited interruptions.

Cons: I haven’t been able to understand the allocation module, and so we are still doing our investments manually. The guide that is provided seems to work more for people who have an overall understanding of how it should work.

  • Reviewer Source 
  • Reviewed on 09/10/2018
George H.
Data Analyst
Education Management, 1,001-5,000 Employees
Used the Software for: 2+ years
  • Overall Rating
    4/5
  • Ease of Use
    4/5
  • Features & Functionality
    4/5
  • Customer Support
    4/5
  • Value for Money
    3/5
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 14/03/2019

"Financial Edge - the application that works with Raiser's Edge"

Comments: Overall, FE is a good application if you are already RE but do not have an existing accounting application. If your organization is small and do not have an IT team, then look at Blackbaud to host your RE and FE applications and let the professionals take care of your application hardware infrastructure.

Pros: If you are using Blackbaud's Raiser's Edge (RE) software and need another application to perform accounting functions, Financial Edge (FE) is the application that will take care of Vendor tracking, A/R, A/P, etc. Rather than using another accounting application (ie. Quickbooks), Financial Edge integrates with Raiser's Edge. When you post gifts from Raiser's Edge, it goes over to Financial Edge and updates the information. The information for batch number, Appeal, Funds, Campaign migrate over to FE from RE. The user interface, look and feel between Financial Edge and Raiser's are the same. If you know RE, then FE will be easy to catch on. If you are hosted by Blackbaud, then you will be looking for FE/NXT

Cons: While there is a lot of integration from RE to FE, this comes at a cost. The FE application is expensive compared to other financial applications. If you are hosting FE on-premise, I believe Blackbaud charges by the number of users. You also need to a server with SQL to run FE. This is not like QuickBooks which can install on a local PC. If you are hosted by Blackbaud, then you will be looking at FE/NXT and again price will your main concern.

  • Reviewer Source 
  • Reviewed on 14/03/2019
Dorothy e. "dolly" H.
Manager Of Information Systems
Nonprofit Organization Management, 201-500 Employees
Used the Software for: 2+ years
  • Overall Rating
    3/5
  • Ease of Use
    2/5
  • Features & Functionality
    2/5
  • Customer Support
    3/5
  • Value for Money
    2/5
  • Likelihood to Recommend
    3/10
  • Reviewer Source 
  • Reviewed on 05/04/2019

"This product really can only get better"

Comments: Our finance and marketing departments use Blackbaud FE and RE daily and they get the job done. Migrating to something else at this point would be a monumental task, but it still may well be worth the effort.

Pros: Interfaces with our Fund Raising software (Raiser's Edge, I am equally thrilled with that too, and mostly for the same reasons cited herein). Blackbaud offers a good training program (which considering the product license fees all of which should be free).

Cons: The reporting is cumbersome. Lack of a self-service audit trail. The interface is not intuitive.

Vendor Response

by Blackbaud on 15/04/2019

Hi Dorothy!

I appreciate you taking the time to review Financial Edge 7 (legacy version of Financial Edge NXT) and being a loyal customer. All of the concerns you brought up in this review have been addressed the cloud-based version of FE7, Financial Edge NXT.

¿ Reporting - take advantage of being able to run multiple reports in your background at the same time, so that you can keep working while they run. You also get drill-down capabilities, 100 canned reports, and more.
¿ Interface - Financial Edge NXT is a cloud-based, modern, and intuitive platform. It is responsive and highly configurable.
¿ Audit Trail - Financial Edge NXT provides a complete audit trail with the ability for users (with permissions) to self-serve this information directly in the system.
¿ Migration - Migrating to Financial Edge NXT is very easy for Financial Edge 7 clients. We ensure that you have no loss of functionality, no data conversion, and no re-implementation.

- Blake Paradise

  • Reviewer Source 
  • Reviewed on 05/04/2019
Jeremiah P.
Sr Project Accountant
Nonprofit Organization Management, 51-200 Employees
Used the Software for: 2+ years
  • Overall Rating
    4/5
  • Ease of Use
    4/5
  • Features & Functionality
    4/5
  • Customer Support
    4/5
  • Value for Money
    4/5
  • Likelihood to Recommend
    8/10
  • Reviewer Source 
  • Reviewed on 16/02/2017

"Financial Edge User"

Comments: I have been using Financial Edge for almost four years now and the the strides they have made from my first impression to now are outstanding. When I first started my job I was thrown into the systems and provided little training and while the system (Accounts Payable, General Ledger) were easy to learn they were a little clunky looking and the features that made them powerful (attributes, global changes) were not something you would find on your own. We recently (been a little over a year) moved to the NXT version and while all the functionality is not there yet I do appreciate BlackBaud taking the time to listen to their customers while building out the functionality instead of just updating it based on the database view. While this make take more time to build out (which can be frustrating) it will hopefully allow for an even more powerful platform in the end that allows us to be a more effective and efficient team in the end.

Pros: New functionalities being rolled out that allow us to use more systems working together instead of isolated.
Community boards to allow users to make suggestions and learn from each other.

Cons: That NXT is not complete yet (but I understand why and agree with their methodology).
Customer support can be clunky at times when the first person is not able to help you.

  • Reviewer Source 
  • Reviewed on 16/02/2017
Sharon E.
Finance Manager
Museums & Institutions, 13-50 Employees
Used the Software for: 2+ years
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 14/06/2018

"The combined Financial Edge, BBMS, and Altru provide for an easy month end close w/ great details"

Comments: I have time to assist my departments in dealing with budget issues on a timely basis.

Pros: I like the fact that I can either trace from a detailed posting in Altru, through BBMS to Financial Edge and prove to the auditors how transactions were processed or vice versa with ease. With this integration of the three services we have also been able to pass on to the departments receiving the income, the fees associated with processing credit card transactions - thus reducing management overhead. If you have created your environments correctly and have adequate safeguards in place as to how data is entered you have the ability to close within two-three days of month end. This gives us the ability to actually analyze the data into a monthly report that management uses to correct or improve programs.

Cons: When in the reporting function, if you are asking for a major detailed report, the system does slow down and could be a bit faster.

  • Reviewer Source 
  • Reviewed on 14/06/2018