Blackbaud Financial Edge NXT

14 Reviews 4/5

A comprehensive financial management system designed by Blackbaud for non-profit organizations.

Product Overview

Blackbaud Financial Edge NXT is a total cloud accounting solution designed to meet the unique needs of nonprofits and government entities. Built on Blackbaud’s expertise and experience of over three decades, Blackbaud Financial Edge NXT delivers all the tools NPOs need to manage financial reporting, monitor and track program success, support fundraising efforts, and ensure overall integrity for the organization.

Intuitive, reliable, and secure, Blackbaud Financial Edge NXT can help streamline financial processes at organizations, so users can spend more time and resources to drive the mission forward. The cloud platform is fast, secure, and always current.

Pros

  • Cloud accounting solution
  • Comprehensive training resources
  • Financial Reporting Tools
  • Modules for accounts payable, receivable, etc

Cons

  • Custom reports are limited
  • Inability to Drill-Down on Report Line Items

Target Market

Medium to large non-profit organizations that require a detailed and customizable accounting solution.

About Blackbaud Financial Edge NXT

Features

  • General Ledger
  • Advanced Security
  • Allocation Management
  • Budget Management
  • Projects, Grants, and Endowments
  • SKY Reporting and Dashboards
  • Working Capital Management
  • Accounts Payable
  • Accounts Receivable
  • Cash Management
  • Expense Management
  • Purchase Orders

Other Modules

  • Accounting Queue
  • Consolidation Management
  • Fixed Assets
  • Payroll

Integration and Support

SKY API®

SKY API provides open APIs, allowing for more customization, integration, and extended functionality all protected by industrystandard authorization and authentication tools. With SKY API and Blackbaud’s modern developer portal, your in-house developers or consultants can quickly get started using the available endpoints of Blackbaud Financial Edge NXT® and other Blackbaud solutions.

Integration with Blackbaud Raiser’s Edge NXT®

Blackbaud Financial Edge NXT was designed from the ground up alongside the world’s leading fundraising and supporter management solution, Blackbaud Raiser’s Edge NXT. Together, the two provide the leading ERP solution for nonprofit organizations. Access constituent data from Blackbaud Raiser’s Edge NXT when reviewing donations; automate gift entry while retaining control of posting; and ensure the integrity of your data by eliminating manual entries all pre-integrated but highly configurable.

Training from Blackbaud University

Blackbaud Financial Edge NXT packages come standard with basic self-guided training online. More advanced options are available through our Blackbaud Learn® subscription offerings, allowing you to continue building foundational skills or become a power-user. Blackbaud University courses are CPE accredited, and you can choose from over 40 online instructor-led classes.

Price Range Learn More
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Product Overview

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User Reviews of Blackbaud Financial Edge NXT

★★★★★
★★★★★
Submitted on January 15th, 2019 by Victoria J Wiegand

Very user friendly, intuitive and easy to use. I set up my accounting staff of two who have limited accounting experience and within a matter of minutes they had mastered the basic functions.

The Good…

Accessible wherever I am. Information at my fingertips.

The Bad…

Multiple step processes sometimes don’t seem necessary. Would like, for example, ability to attach support for JE’s right from the edit page, it would be fantastic if they could go right with the line entry with the specific debit and credit

★★★★★
★★★★★
Submitted on June 15th, 2018 by Anonymous

Edge NXT bridges reporting gaps. Reports should be reported for specific audiences. With Edfg NXT, I can easily report to auditors, grant agencies and internal customers.

The Good…

I like the ease of navigation the most. Everything is located where I would intuitively think I would find it.

The Bad…

Currently, the modules in the database version are not yet in NXT.

★★★★★
★★★★★
Submitted on February 26th, 2018 by Anonymous

There are several functionalities that it doesn’t have so we still have to do a lot of things on spreadsheets. One of the biggest dislikes is the support. We can rarely get in touch with someone when we have an issue or they direct us back to the website.

★★★★★
★★★★★
Submitted on February 6th, 2018 by Hwaja

I paid more money for better work but it was totally wasted money. couldn’t use NXT for 2 years. I regret so much.

The Good…

Do not know about NXT even though I purchased it two years ago.

The Bad…

No training and help from FE. Their customer service is very poor. They just want to sell NXT.

★★★★★
★★★★★
Submitted on December 15th, 2017 by Anonymous

Basic accounting package. Seems to be working fine for us.

The Good…

None

The Bad…

Distribution table work needs to improve.

★★★★★
★★★★★
Submitted on December 1st, 2017 by Shari

I really like Financial Edge, used it for years, does what we need it to do

The Good…

Cost competitive and flexible to use

The Bad…

I would like to see the ability to attach a PDF invoice to a record

★★★★★
★★★★★
Submitted on August 29th, 2017 by Amanda

Financial Edge integrates well with Raiser’s Edge. We use the General Ledger feature of FE. Data entry is easy and the reports available make it easy to report to the Board.

The Good…

It’s very easy to navigate and fix errors in journal entries.

The Bad…

We have to manipulate our data in a .csv file before importing it into FE and sometimes there are errors that you have to pull multiple reports to find.

★★★★★
★★★★★
Submitted on May 17th, 2017 by Julia

Financial Edge is a robust accounting software. We use the general ledger, accounts payable, and treasury features. The NXT interface is very easy to navigate, allows for rich report creation and customization in a pretty easy-to-use format, and is adding other efficiency-enhancing features like connecting a bank feed for ease of transaction matching and reconciliation.

The Good…

I use the reporting features of Financial Edge NXT, and have been very pleased with the improvements NXT offers over Financial Edge 7 in this arena. I also love how quick and easy it is to retrieve information about accounts and drill down to specific journal entries when needed.

The Bad…

We’ve been using NXT for a little over a year. Originally there were not many features in NXT and it didn’t feel like great value at the time, but now it’s finally starting to feel worth the added cost for the upgrade.

★★★★★
★★★★★
Submitted on February 5th, 2016 by Anonymous

Financial Edge handles our accounts payable/receivable and billing for our organization. It’s database integrates with a product called Raider’s Edge which handles income through direct donation and sustained giving. FENXT lives in a hosted environment and is displayed using a cleanly built web platform-making it accessible from anywhere there is an internet connection.

The Good…

The ease in access from any device and the crystal clear way the information is displayed and accessible. The system is constantly being updated and improved without the user needing to run or backup databases.

The Bad…

I would like to see improvements in reporting and the ability to create unique reports within NXT itself.

★★★★★
★★★★★
Submitted on December 19th, 2015 by Heidi

Financial Edge NXT has some great functionality that streamlines the usage of the system which is great. I am looking forward to the continued roll out of improvements that are coming, especially credit card reconciliation help!

The Good…

It is much easier to navigate than the traditional database.

The Bad…

Much of the functionality that we need is not available yet but with time, it should grow into a phenomenal system for us.

★★★★★
★★★★★
Submitted on November 17th, 2015 by Mary

One of the best financial systems I have used in the Non-Profit world. It is straightforward and really meets our needs.

The Good…

The flexibility in financial reporting.

The Bad…

None

★★★★★
★★★★★
Submitted on December 17th, 2013 by Gregg

Blackbaud’s Financial Edge (FE) is a robust example of accounting software. It will do most of what more expensive products will do. Where it could use more development is in the two areas of drill-down capabilities within canned reports, and a more user friendly report writer than Crystal Reports.

The Good…

The best feature of FE is it’s ability to be viewed by an unlimited number of readers. For a public agency this is key to transparency.

The Bad…

As mentioned above, the inability to drill-down on report line items is a disappointment.

★★★★★
★★★★★
Submitted on December 16th, 2013 by Dan

We purchase Financial Edge which is a grant based accounting system. Our purchase included General Ledger, A/P, A/R, Web Purchasing, Purchase Orders, Budget Management and Cash Management modules.

The Good…

The software is easy to configure and does a great job in charging transactions to multiple grant funding sources. Standard grant allocations can be configured to automate data entry. Web based requisitions are reviewed and approved on line then quickly converted to purchase orders. Lengthy journal entry or A/P distributions calculated in Excel can be easily uploaded to eliminate data entry. Our staff found it very easy to use in most areas.

The Bad…

The standard reports are not that great. Custom reports can be written from within the software that are linked to data exported from the databases. The process in too time consuming. You have to re-export every time there is any change to the data. We wrote our key reports with Crystal Reports and directly accessed the database instead. The SQL databases are a bit difficult to figure out for non I.T. people but once you have everything linked the reports run quickly.

★★★★★
★★★★★
Submitted on December 11th, 2013 by Anonymous

The Financial Edge software works well for governmental accounting. It has fund accounting options as well as grant tracking abilities. The number of reports available is endless.

The Good…

The fund accounting and grant management systems work well for us. Also, the budgeting tools are flexible and can be managed at various levels.

The Bad…

We have had problems implementing the payroll system. The allocation of accrued paid time off by grant and by project has been difficult.