Blackbaud Financial Edge NXT
Blackbaud Financial Edge NXT
About Blackbaud Financial Edge NXT
Financial Edge NXT is cloud-based fund accounting platform designed specifically for small to large nonprofits and government entities that enables users to support fundraising efforts, and monitor and track program success in a single platform. Accounting teams are able to efficiently manage transactions, securely share information, and eliminate manual processes, as well as drive transparency and financial control using advanced financial reporting tools.
Financial Edge NXT includes a flexible general ledger structure including tools for account segments, to transaction characteristics. Users are able to maintain a streamlined account structure with the ability to capture transaction details and require funds to balance by grant, project, department, and more. Blackbaud's ERP module helps automate information flow across the organization, improving donor transparency and eliminating duplicate data entry.
Internal controls and compliance features help organizations commit to ethical accounting practices with tools to prevent wasteful spending, fraud, breach of policy, and other destructive behavior. Automated workflows help control activities while structuring the control environment to fit organizational needs. In-depth records, configurable dashboards, and custom reports help with financial planning and analysis, allowing users to review critical information and drill down to see which transactions are driving results.
The grant accounting module allows users to manage grant activity and complete grant administrative tasks within a single system. Revenue and expenses at the grant level can be tracked and reported on by type, amount, status, and start/end dates, and information such as grantor contact details, budgets, reimbursable expenses, and more can be securely stored. With efficient workflows, users are able to manage cash flow, accounts payable / receivable, and ensure the organization’s spending policies are enforced.
Key benefits of Blackbaud Financial Edge NXT
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Reviews
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- Industry: Philanthropy
- Company size: 11–50 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 7.0 /10
FE and RE are standards for managing your data
Reviewed on 07/03/2018
RaisersEdge allows my organization to keep track of tens of thousands of individual records....
RaisersEdge allows my organization to keep track of tens of thousands of individual records. Without these we wouldn't be able to interact successfully and efficiently with our clients, donors and partners. Financial Edge allows us to produce accounting reports and maintain our large assets.
Pros
RaisersEdge is easy to use and store data. RaisersEdge has vast capabilities and reliability. FE makes the process of accounting and check printing very easy. Both products integrate well with other software
Cons
Even though RaisersEdge has many different tools - you may not be likely to use many of them regularly. Instead I find I reuse the same tools and end up bypassing a lot of what I could do, instead sticking to the essentials. Those extra functionalities just are not that useful to me
- Industry: Food & Beverages
- Company size: 2–10 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 8.0 /10
Aid me connect
Reviewed on 21/02/2023
Pros
This is the most advanced tool for accounting and documentation of all financial transaction an organization should have. Easy to used
Cons
Has limited features this make it a bit second option for multipurpose organization
- Industry: Philanthropy
- Company size: 501–1,000 Employees
- Used Daily for 1+ year
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 3.0 /10
FE- no thanks!
Reviewed on 19/01/2018
We were pushed into FE after our original program, Fundware, was "sunsetting". In hindsight, we...
We were pushed into FE after our original program, Fundware, was "sunsetting". In hindsight, we should've researched other programs before settling with this one.
Pros
I guess if not being "too complex" is a pro, that would be it for Financial Edge. It is a simple product and doesn't have too many bells and whistles so its pretty easy to pick up on.
Cons
Hmm where to being....
I will preface this by saying that our implementation of FE was a nightmare. They had people leaving the company left and right and in our 3 month implementation and data conversion, we were passed along to 3 different Project managers. Because of this we were playing a constant game of catch up and I don't think we were ever really given a good training of how to use the product. Also, employee support is HORRIBLE with this product. Blackbaud parcels out their support to 3rd party companies and we were working with Zobrio. They were of no help to us. The prduct doesnt intergrate with our other platforms well, so importing info in to our GL is a process that could be made much easier. We also used them for payroll for a while which was an absolute nightmare. Our W-2's were wrong due to wrong info being imported during our data conversion. We also spent many late nights working on payroll issues in the program and again, had no response when calling Zobrio or Blackbaud. ( Blackbaud did get back to us once and worked well with us, but it was quite an undertaking to even get to a person at Blackbaud. The accounting side of the software is probably the best, but overall, I am sure there are much better accounting programs out there.
- Industry: Education Management
- Company size: 11–50 Employees
- Used Weekly for 1-5 months
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 6.0 /10
Easier tool than other Blackbaud products
Reviewed on 07/06/2023
Pros
Easier to use than other BB products, because of ease with refunding purchases and with tracking deposits.
Cons
Irregular, not-reliable customer service.
- Industry: Nonprofit Organization Management
- Company size: 51–200 Employees
- Used Daily for 2+ years
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Review Source
Overall rating
- Value for Money
- Ease of Use
- Customer Support
- Likelihood to recommend 9.0 /10
Blackbaud for Nonprofits
Reviewed on 11/05/2022
Overall this is a great product. We are very pleased with Blackbaud and do not plan on changing...
Overall this is a great product. We are very pleased with Blackbaud and do not plan on changing vendors any time soon.
Pros
This software is perfect for our organization. It continues to implement updated features to make our jobs easier.
Cons
The expense tracking sometimes appears to be offline and causes our staff a good amount of time to enter their expenses.
Blackbaud Financial Edge NXT FAQs
Below are some frequently asked questions for Blackbaud Financial Edge NXT.Q. What type of pricing plans does Blackbaud Financial Edge NXT offer?
Blackbaud Financial Edge NXT offers the following pricing plans:
- Starting from: US$0.01/year
- Pricing model: Subscription
- Free Trial: Not Available
Contact Blackbaud for detailed pricing information.
Q. Who are the typical users of Blackbaud Financial Edge NXT?
Blackbaud Financial Edge NXT has the following typical customers:
11–50, 51–200, 201–500, 501–1,000, 1,001–5,000
Q. What languages does Blackbaud Financial Edge NXT support?
Blackbaud Financial Edge NXT supports the following languages:
English
Q. Does Blackbaud Financial Edge NXT support mobile devices?
Blackbaud Financial Edge NXT supports the following devices:
Q. What other apps does Blackbaud Financial Edge NXT integrate with?
Blackbaud Financial Edge NXT integrates with the following applications:
Blackbaud Raiser's Edge NXT
Q. What level of support does Blackbaud Financial Edge NXT offer?
Blackbaud Financial Edge NXT offers the following support options:
Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat
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