Blackbaud Financial Edge NXT

Cloud fund accounting software for social good organizations

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

  • Simplify fund accounting and efficiently manage complex reporting requirements and maintain a streamlined chart of accounts with Financial Edge NXT's flexible general ledger structure.
  • Streamline communication across the entire organization and eliminate duplicate data entry with Blackbaud's ERP which helps automate information flow between offices.
  • Review critical information using Blackbaud's configurable dashboards and custom reports, and get a more detailed look at transactions for financial planning and analysis.
  • Limit the need for spreadsheets by storing all grant related data within a single system and complete all grant administrative tasks in one place.
  • Manage accounts payable, accounts receivable, and cash flow with efficient workflows to ensure the organization's spending policies are enforced and reduce time consuming manual processes.

  • Devices

    Business size

    S M L

    Markets

    Australia, Canada, United Kingdom, United States

    Supported Languages

    English

    Images

    FENXT vendoractivity
    FENXT bank account
    FENXT balancesheet
    FENXT accounts filter
    View 5 more
    Blackbaud Financial Edge NXT video
    Blackbaud Financial Edge NXT video
    Blackbaud Financial Edge NXT screenshot: FENXT vendoractivity Blackbaud Financial Edge NXT screenshot: FENXT bank account Blackbaud Financial Edge NXT screenshot: FENXT balancesheet Blackbaud Financial Edge NXT screenshot: FENXT accounts filter

    Features

    Total features of Blackbaud Financial Edge NXT: 60

    • "What If" Scenarios
    • API
    • Accounting
    • Accounts Payable
    • Accounts Receivable
    • Activity Dashboard
    • Activity Tracking
    • Administrative Reporting
    • Asset Management
    • Asset Tracking
    • Bank Reconciliation
    • Billing & Invoicing
    • Budget Control
    • Budgeting/Forecasting
    • CRM
    • Cash Flow Management
    • Cash Management
    • Charting
    • Check Printing
    • Collaboration Tools
    • Compliance Management
    • Customisable Reports
    • Customisable Templates
    • Donation Management
    • Donation Tracking
    • Donor Management
    • Expense Tracking
    • Financial Aid Management
    • Financial Analysis
    • Financial Management
    • Financial Reporting
    • Fixed Asset Management
    • For Government
    • For Grantmakers
    • For Grantseekers
    • For Private Schools
    • Fund Accounting
    • General Ledger
    • Grant Application Management
    • Grant Award Tracking
    • Grant Management
    • Impact Measurement
    • Inventory Management
    • Invoice Management
    • K-12
    • Monitoring
    • Nonprofits
    • Payment Tracking
    • Payroll Management
    • Performance Metrics
    • Planning Tools
    • Process Control
    • Project Accounting
    • Purchase Order Management
    • Purchasing & Receiving
    • Records Management
    • Reporting & Statistics
    • Scenario Planning
    • Template Management
    • Transaction History

    Alternatives

    QuickBooks Desktop Enterprise

    4.5
    #1 Alternative to Blackbaud Financial Edge NXT
    QuickBooks Desktop Enterprise is an accounting software for small businesses which provides users with real-time access...

    QuickBooks Online Advanced

    4.4
    #2 Alternative to Blackbaud Financial Edge NXT
    QuickBooks Online Advanced is a web-based accounting & business management solution which enables small businesses to...

    Sage Intacct

    4.2
    #3 Alternative to Blackbaud Financial Edge NXT
    Sage Intacct is a leading provider of best-in-class cloud ERP software, and is the preferred cloud financial management...

    Quickbooks Online

    4.3
    #4 Alternative to Blackbaud Financial Edge NXT
    QuickBooks Online is a complete small business accounting solution which allows users to manage all their financial...

    Reviews

    Overall rating

    4.2 /5
    (152)
    Value for Money
    3.7/5
    Features
    4.1/5
    Ease of Use
    4/5
    Customer Support
    4.2/5

    Already have Blackbaud Financial Edge NXT?

    Software buyers need your help! Product reviews help the rest of us make great decisions.

    Write a Review!
    Showing 5 reviews of 152
    Dominique J.
    Overall rating
    • Industry: Accounting
    • Company size: 2-10 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Ease of Use
    • Customer Support
    • Likelihood to recommend 9.0 /10

    My review of Financial Edge NXT

    Reviewed on 9/10/2018

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

    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.

    Kenton S.
    Overall rating
    • Industry: Religious Institutions
    • Company size: 11-50 Employees
    • Used Daily for 6-12 months
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 7.0 /10

    Good product - backward implementation

    Reviewed on 25/2/2021

    The worst part is implementation. We had to make decisions about setup that cannot be changed...

    The worst part is implementation. We had to make decisions about setup that cannot be changed before we fully understood how we wanted to use the software. They should have allowed us to use our own data in a "sandbox" model to learn how things work.

    Pros

    I love the fact that you can create journal entries and invoices and include that information in reports before posting them. This helps to avoid mistakes. The web view is user friendly and fairly intuitive.

    Cons

    The database view is archaic and not user friendly. Many functions have not yet been converted to the web view and must be done in the database view.

    Brian C.
    Overall rating
    • Industry: Philanthropy
    • Company size: 1,001-5,000 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support

    Financial Edge NXT Not Ready for Primetime

    Reviewed on 1/3/2017

    After seeing the NXT demo, it was clear that moving to the new platform would provide our business...

    After seeing the NXT demo, it was clear that moving to the new platform would provide our business with all the functionality we were missing in our on premise thick client version. THIS WAS A BIG MISTAKE! Although during the demo it was clearly stated that some of the modules would not be moved from the old version to the new, it was not stated that features in the NXT migrated modules would not be available... so if you are working in say AP and rolling along with your work, you might hit a feature set that does not exist in NXT and requires you to switch to the Citrix version think client. It turns out that only a small percentage of the system has been migrated to NXT. This plan to migrate the modules and functions within the modules in realtime is a massive failure. The performance hit moving to the cloud was intollerable. GL uploads take twice as long even after assessing bandwidth and attempting to do the uploads on the local Blackbaud servers in the cloud. Its as if they did not build the environment robust enough to support the client base. There were features that simply did not work. Printing is problematic and the WebPortal for purchases and requisitions simply does not work. It fails with a web browser error. They said they fixed it as they had identified a node that was not turned up (you would have though they would have a monitoring tool to know this was the case) but this did not solve the problem in the end. Screen lockups, and crashes began to occur and yet there was no one who could effectively analyze the issues and solve the problems. We now have to roll our database back to our on premise version and search for a new solution. We will not be using Blackbaud. Their support is horrendous; forget telephone support your could be on hold for an hour or more; we were able to get on chats but that took some time as well. It was not until we started yelling and escalating that we finally got some response because the number of open incidents was ridiculous. I'm sure their bread and butter CRM and Grand management apps are probably fine but hosted Financial Edge/NXT definitely not worth the money.

    Pros

    None...

    Cons

    Product just does not work.

    Bill G.
    Overall rating
    • Industry: Nonprofit Organisation Management
    • Company size: 11-50 Employees
    • Used Weekly for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 1.0 /10

    We didn't need a Ferrari to do the job of a Ford.

    Reviewed on 30/3/2021

    Be certain of what you need and what is a reasonable price to pay for your organization... so that...

    Be certain of what you need and what is a reasonable price to pay for your organization... so that you don't get locked into a long contract that becomes a drain on your fundraising efforts instead of supporting your efforts.

    Pros

    It probably has every feature and more than you'll ever need or want. It's especially good for very large organizations that have large budgets and lots of donors to track.

    Cons

    My organization is small... we don't need all of the bells and whistles that come with this software and it is way to expensive for the portions that we do use. This really was a ferrari... when a ford would have been more than capable... we opted for a better suited software for our size organization and much more budget friendly for our needs.

    Victoria W.
    Overall rating
    • Industry: Nonprofit Organisation Management
    • Company size: 51-200 Employees
    • Used Daily for 2+ years
    • Review Source

    Overall rating

    • Value for Money
    • Ease of Use
    • Customer Support
    • Likelihood to recommend 10.0 /10

    Financial Edge is indispensible for us

    Reviewed on 30/10/2020

    We have been able to run a very busy finance office with only 1.5 employees for several years now. ...

    We have been able to run a very busy finance office with only 1.5 employees for several years now. We also have been able to do much more efficient and flexible reporting to business units (detail) and to board management (summary).

    Pros

    The NXT online service is very easy to use and very flexible to our needs for reporting. The support is good, most reps are very responsive and I love Blackbaud University.

    Cons

    It's really expensive. And requests for customization are hard to get through. But it's overall so easy to use that we can live with the small tweaks for now.

    Showing 5 reviews of 152 Read all reviews

    Blackbaud Financial Edge NXT FAQs

    Below are some frequently asked questions for Blackbaud Financial Edge NXT.

    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.

    We do not have any information about Blackbaud Financial Edge NXT features

    Blackbaud Financial Edge NXT has the following typical customers:

    11-50, 51-200, 201-500, 501-1,000, 1,001+

    Blackbaud Financial Edge NXT supports the following languages:

    English

    Blackbaud Financial Edge NXT supports the following devices:

    Blackbaud Financial Edge NXT integrates with the following applications:

    Blackbaud Raiser's Edge NXT

    Blackbaud Financial Edge NXT offers the following support options:

    Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat

    Related categories

    See all software categories found for Blackbaud Financial Edge NXT.