Blackbaud Financial Edge NXT

Score7 out of 10

305 Reviews and Ratings

What is Blackbaud Financial Edge NXT?

Financial Edge NXT is a cloud accounting solution tailored for nonprofits that provides a general ledger, projects, grants, endowments, accounts payable and receivable, fixed assets, banking, and more. It offers real-time reporting, with one-click drill-down functionality and export capability.

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Screenshot of Board Meeting Book Balances

Screenshot of Director of Development Dashboard

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Screenshot of Board Meeting Book Balances

Quoc Vo View profile

Director of Technology in Information Technology at La Jolla Country Day School (201-500 employees employees)

Use Cases and Deployment Scope

We use the Blackbaud Financial Edge NXT in our fundraising office. Blackbaud Financial Edge NXT is rebranded as Raiser's Edge in the fundraising business. It helps a small school like ours manage relationships with our donors and community.

Pros

It is integrated with our other databases enabling our business office to work easily with our fundraising and academic offices.
Mass email platform to contact all of our constituents.
Provide a starting point for any prospect research that we need to do.

Cons

Blackbaud Financial Edge NXT is completely web based now so some functionality can be slow. There is a lot of clicking around.
The data is hosted by Blackbaud so you are at their mercy as far as back ups and the safety of the data.
The product can be expensive for smaller businesses.

Return on Investment

Blackbaud Financial Edge NXT has helped us with maintaining directory information for our community.
This product has helped us communicate more effectively with our constituent.
Blackbaud Financial Edge NXT is crucial in our fundraising efforts as it helps us with all aspects of a fundraising campaign.

Other Software Used

Blackbaud Education Management Solutions, Blackbaud Financial Edge NXT, Blackbaud Raiser's Edge NXT

DAVE LYONS

IT DIrector in Information Technology at Texas Baptists (201-500 employees employees)

Use Cases and Deployment Scope

Blackbaud Financial Edge NXT is our General Ledger, Accounts Payable, Fixed Assets, and AR system. It is a solid nonprofit platform that accepts CSV files to be uploaded from other systems for GL batches. It is cloud-based and has extensive granular security. We have been using it for many years.

Pros

Expense Management - entry and approval routing based on rules
GL reporting
Security so that staff can only see what they need to
EFT and paper check processing

Cons

The reporting can be a little cumbersome to run
Sometimes we need Support to help us with user access issues

Return on Investment

Expense Management allows for controlling how much approvers are authorized to approve. Good controls.
Reporting is flexible - keeps auditors happy.

Alternatives Considered

Sage Accounting

Other Software Used

Paycom, Zoom Phone, Salesforce Marketing Cloud

Usability

Damaris Herron-Watkins View profile

Chief Finance and Operations Officer in Finance and Accounting at A Better Chance (11-50 employees employees)

Use Cases and Deployment Scope

We use Financial Edge NXT as our ERP. Because it is tailored to the nonprofit community it is really geared towards the unique needs of the sector. We use it to manage AP, GL, reporting and it is integrated with Raiser's Edge NXT which allows us to account for fundraising receipts as well. Because it is in the cloud it has helped us greatly in our hybrid work environment and supports the integrations we need to do our work.

Pros

Connection to Raiser's Edge NXT
Flexibility of correcting errors
Breath of partners that integrate with the system

Cons

Automating invoices in AR to send via the system
Automating POs in Purchase Orders to send via the system
AP automation

Return on Investment

Being in the cloud has provided flexibility for our small team
By integrating with systems that allow us to automate we have been able to streamline processes
The investment Blackbaud has made in its products have allowed us to maintain record accuracy while also experiencing efficiencies

Alternatives Considered

Microsoft Dynamics GP, Sage Intacct, QuickBooks Online, Wave Accounting and Fund EZ

Other Software Used

SAP Concur, PairSoft, Paymerang, Procurify

Carrie Pitzen

Accounting Mananger in Finance and Accounting at Wisconsin Humane Society (201-500 employees employees)

Use Cases and Deployment Scope

My organization uses Financial Edge for all of our accounting needs. We also use Raiser's Edge for our fundraising. We are able to post gift entries directly to Financial Edge from Raiser's Edge. This process saves a lot of time and reduces errors. We don't often have problems, but when we do, Blackbaud support is helpful in finding solutions.

Pros

Invoice entry and upload.
Posting Raiser's Edge gifts
Review of Journal Entries
Tracking Fixed Assets

Cons

Accounts Receivable

Return on Investment

Budgeting is easily done

Alternatives Considered

Sage Accounting and QuickBooks Desktop Pro

Other Software Used

Blackbaud Raiser's Edge NXT, Blackbaud Luminate Online, Clover

Winie Tunggono

Accounting and Finance Director in Finance and Accounting at Jesuits West (11-50 employees employees)

Use Cases and Deployment Scope

We use Blackbaud Financial Edge NXT on a daily basis, on general ledger and accounts payable. Currently Blackbaud Financial Edge NXT for AR is not available. We integrate with Raisers Edge and we utilize the bank feed feature. Sometimes the bank feed doesn't match up but usually get resolved. The support is sometimes slow. It seems to take time to get support.

Pros

Integration with Raisers Edge
Reporting
Bank Feed

Cons

Accounts Receivable

Return on Investment

Efficiency with bank feed and integration
Record accuracy

Other Software Used

QuickBooks Online, Extend Dynamics

Usability

Microsoft Dynamics 365

Sage Intacct

MIP Fund Accounting

Blackbaud Financial Edge NXT

What is Blackbaud Financial Edge NXT?

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