Blackbaud

Financial Edge NXT

4.5 / 5 25 reviews

Who Uses This Software?

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


Average Ratings

25 Reviews
  • 4.5 / 5
    Overall
  • 4.5 / 5
    Ease of Use
  • 4.5 / 5
    Customer Service

Product Details

  • Starting Price
    Not provided by vendor
  • Free Demo
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours
    24/7 (Live Rep)

Vendor Details

  • Blackbaud
  • www.blackbaud.com
  • Founded 1981
  • United States

About Financial Edge NXT

Financial Edge NXT delivers intuitive cloud fund accounting software designed specifically to meet the needs of nonprofits and government entities. It is 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 in an instant.


Financial Edge NXT Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • For Government
  • For Nonprofits
  • Fund Accounting
  • Payroll Management
  • Project Accounting
  • Purchase Orders
  • Tax Management
  • Accounts Payable
  • Accounts Receivable
  • Activity Tracking
  • Asset Management
  • Bank Reconciliation
  • Budgeting & Forecasting
  • Compliance Management
  • Donor Management
  • General Ledger
  • Partnership Accounting
  • Purchasing & Receiving
  • Accounting
  • Committee Management
  • Donor Management
  • Dues Management
  • Event Management
  • Fundraising Management
  • Member Database
  • Membership Management
  • Social Media Management
  • Volunteer Management
  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Budgeting & Forecasting
  • Donation Tracking
  • Fund Accounting
  • Grant Management
  • Payroll Management
  • Project Accounting
  • Purchasing & Receiving

Financial Edge NXT Reviews Recently Reviewed!


Financial Edge User

Feb 16, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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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.

Overall: 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.

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

Jun 14, 2018
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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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.

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

Financial Edge has given us an edge up

Feb 22, 2017
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Ease of use in Query and Report Parameters

Cons: Some of the more intricate invoices can be cumbersome, but that is only for a few items that we have. I wish the Vendor integration with Raiser's Edge was more robust, but it works for us ok.

Overall: Financial Edge has been a great experience; we have streamlined data processes and improved our reporting cabability more than 10 fold. We love the project and grant data management pieces as well. The newest addition of Credit Card payment/processing has been a WONDERFUL thing for our office.

Our CFO and Accounts Payable Staff can easily see where we are at any given moment in regards to AP/AR balances. Paying invoices is really easy and the load from tables funcationality for GL Disbursments is helpful as well. Financial Edge also has the capabilty to create recurring invoices for those AP invoices that are the same month after month.

We are integrated with Raiser's Edge as well and that process is very easy as well.

Recommendations to other buyers: We have saved so much time since converting to Financial Edge, I just wish we had made the move sooner.

FE and RE are standards for managing your data

Mar 07, 2018
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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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

Overall: 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.

With their continued expanding, focus on what the users want, this product can only get better!

Mar 13, 2018
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: The 'in testing' credit card feeds function. Our company has a lot of credit card activity and with the credit cards feed we are able to link directly to the bank accounts and pull in every transaction as they occur. This has taken our 3 days process of entering all of the receipts and shortened it down to just half a day, with the receipts already in the system all I have to do is tie it to a vendor and code it then it's done. I also like the customization when filtering through vendors and invoices each person wants and needs to see different fields and NXT really lets each user have their own experience. When entering multiple invoices for one vendor you also have the ability to duplicate the last invoice speeding things along especially if there are minimal differences between the invoices.

Cons: There is no use for our Payroll Specialist or Accounts Receivable, and with each day having at least 40 invoices to enter at one time, there is no way to enter a bulk amount of invoices like the database view allows so Accounts Payable is limited to using it only once or twice a week.

Good product but still a work in progress.

Mar 24, 2018
3/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 5.0/10 Not
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Pros: The system is geared towards non profits. it is very easy to use. Being able to log into the system from anywhere is a huge plus.

Cons: Third party integration is still lacking compared to most other major accounting platforms. Unless you have a tech department willing to invest time into the api it is hard to do your own in depth analytics out of the box or connect the software to other systems. If the desktop version wasn't available for those in the cloud, I am not sure how any organization could do in depth analysis without the ability to query the database. The product is still a work in process as they work on moving features from the desktop version to the cloud based system. They also do not support multiple currencies which is a big con as an international non profit.

Solid financial reporting software for a mid-sized org, relatively easy to learn.

Apr 04, 2018
4/5
Overall
3 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money

Pros: - Love being able to run reports including un-posted transactions
- Love being able to attach documents to journal entries in NXT view

Cons: - Journal entry template is clunky to use & requires a lot of clicking
- Journal entries are listed "backward" in NXT (compared to database view)
- Can't view the entire journal entry on one screen in NXT & only see line numbers once the entry is posted in NXT view

I really enjoy using Financial Edge. I can easily gather data on information that I need quickly.

May 03, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: FE NXT! I love that I can access my data using my phone or tablet. FE NXT is very easy to use. The customer support have always been very helpful and the follow-up is great.

Cons: That all the modules are not in FE NXT yet. It would be really good to have a more robust payroll/ HR system that integrated with time clocks.

eTapestry is very robust and comparable to RaisersEdge, for a smaller scale organization.

May 04, 2017
5/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The query, reporting and newly added wealth rating features are easy to use and has assisted in the improvement of my interaction with donors.

Cons: Updates sometime cause changes in the queries and or account that need to be updated. If I do not check the updates, my reporting could go wrong.

Overall: This is an easy to use software tool!

Capterra-loader

Excellent!

Dec 18, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Easy to Use and access. I would recommend Raiser's Edge to anyone. Once you have aligned your system with Finance reports are really easy to produce.

Cons: Raiser's Edge has so many fields that can be used or created, if you don't have an established process things can get messy like any database.

Capterra-loader

We use the full suite of modules and like the integration and support. Payroll is more challenging.

Jun 14, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Help and support tools / resources are great. Chat support is responsive and gets a solution to the problem.

Cons: Payroll leave time management configuration is challenging for our organization that has a complex leave time structure.

I work mostly in the AP portion of the program, some journal entries

May 16, 2017
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money

Pros: I love how this software integrates with it's Raiser's Edge program. We are able to easily move information from there into Financial Edge, which limits the potential for errors. Plus, we are utilizing less time by not having to type the same information over.

Cons: Finding your way around in the beginning takes a little time. Especially when you are looking for something specific.

Great for reporting, adds some nice ease-of-use and efficiency features

May 17, 2017
4/5
Overall
5 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
4 / 5
Value for Money

Pros: We upgraded from Financial Edge 7. The NXT interface is clean and very easy to learn and navigate. The reporting features are MUCH better than in the old Financial Edge, and many of the other new features they are adding (like setting up a bank feed to automatically download transactions into FE NXT for ease of transaction matching and reconciliation) are increasing our efficiency.

Cons: The roll-out of new features has been slower than I had originally anticipated when we moved to this platform over a year ago, and that's made it a little harder to get some of our staff to adopt use of the new platform over the old "classic" database view. Would be nice not to need to go back into the old view to perform some functions.

Started with Fundware, now Financial Edge ready for FE NXT

Mar 08, 2018
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Ability to run many reports, view different scenarios. Tracks our expenses by funds, projects, sub projects for various account codes.

Overall: It gives us the information required to invoice for our grants.

I use NXT for my staff to see vendor history, but use Classic for all AP transactions.

May 18, 2018
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: I like NXT for the look and feel and that I can pull reports into a good excel format. My staff love that they can see vendor history and payments.

Cons: There are functions that I need that I can not use in Financial Edge NXT. Therefore my got to is Financial Edge classic for my daily weekly and monthly tasks.

Blackbaud NXT is the way to be

Apr 25, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: Designed for nonprofit organizations

Cons: Been mostly solved by the API.

Overall: First of all, the FE previous version was quite good at first but was Windows 95 kind of good. Now, with NXT, it's a gigantic leap forward. What I like more is the API so I can download all my info into a data warehouse on the cloud (Azure) and I can connect it to Power BI.

Recommendations to other buyers: I would use it with PowerBI or Tableau to make the most of it for further analysis

Financial Edge NXT is a cloud accounting solution from Blackbaud that provides transparency across t

Mar 20, 2018
4/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 7.0/10 Not
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Pros: It's 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: You are not able to use papersave with it just yet so the drag and drop/ upload feature is obsolete to me.

Great product, but installation and set-up support could be a lot better

Nov 27, 2017
5/5
Overall
4 / 5
Ease of Use
5 / 5
Features & Functionality
3 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
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Pros: The integration with Raisers Edge is critical. It's helpful that the interface is so similar to RE, making it easier to understand.

Cons: The set-up support leaves a lot to be desired, but once you are up and running, the support is fairly good.

Overall: Integration with Raisers Edge, easier financial reporting, jazzier charts and graphs.

Built on a solid foundation

Mar 16, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
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Pros: Intuitive. Accounting can be fun.

Overall: Our organization have been working with Financial Edge for years. Now, we have moved to Financial Edge NXT. Years of working with a solid foundation and now we have upgraded without hesitation from our accounting team (no small feat). Loving it and the future. Yes, accounting and reporting can be fun. Really.

NXTers on the wagon

Feb 17, 2017
4/5
Overall
4 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: Web access

Cons: Limited day to day input functionality

Overall: We jumped on the NXT wagon when it first came out. The product was still being developed, but at the same time we were able to provide input and feedback on how we would use the product.

FE2016RCA2

Oct 05, 2016
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
3 / 5
Value for Money
Likelihood to Recommend: 6.0/10 Not
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Pros: talks well with other blackbaud products

Cons: not too customizable

Overall: Switched 2 years ago from fundware as it was no longer supported. Had Raisers edge so it was a natural transition.

Amazing

May 30, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money
Likelihood to Recommend: 8.0/10 Not
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Pros: One pro of FE NXT is that you are not having to use an old clunky software anymore. You can use FE NXT from any location.

Cons: On thing that I like least is that not all the features are up and running yet. But Blackbaud is always improving. I would like to get away from using Citrix.

It helps me visualize our financial data in more productive way.

Feb 14, 2018
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
4 / 5
Customer Support
5 / 5
Value for Money

Pros: Each department manager can access to the software and see their budget to actual report and be able to track their purchase order and invoices.

Cons: I think it need to expand their main server to boost up the speed. When i open a few different windows, it slows the performance. It definitely needs to improve.

FE NXT is the Best

Apr 14, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Value for Money

Comments: Love it!! It is very versatile. You can do custom reports. It's very easy to use. You won't have to worry about updating your software- it's done for you!

Good quality financial software

Feb 21, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money

Comments: Our organization has used this for many years now. Integrates well with our fundraising software, the Raiser's Edge.