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Blackbaud Financial Edge NXT Reviews & Product Details

Verified User in Accounting
UA
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

The ability to create so many different segments and fields to organize and track data is fantastic as is the ability to create customized reports. I find it's flexible enough to edit information but with the proper controls.

They finally have built out the full NXT version although it did take at 9 years. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

The fact that Blackbaud doesn't allow other technologies to interact with it is it's biggest detriment. In todays modern world, we need to be able to pay bills using a service and receive money from multiple sources without needing to manually import data or jump through hoops to get the information to flow into the proper fields.

Also, more support on setup and maybe defaults set that most people would want to have. For instance, the ability to post a JE to a cash account without impacting the register should be defaulted to not allow. I've seen too many clients who made this mistake and just assumed the software was bad. Also transaction and document date differences cause trouble reconciling accounts such as A/P and A/R. Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

The ability to segment the account numbers and field for projects and grants allow for excellent tracking of data. Review collected by and hosted on G2.com.

Blackbaud Financial Edge NXT Overview

What is Blackbaud Financial Edge NXT?

Over 30 years of research and development went into making Financial Edge the most comprehensive, purpose-built accounting solution for nonprofits. With Financial Edge NXT, we’re bringing this thorough understanding of the unique needs and desires of nonprofits to the cloud, delivering a whole new level of performance and accessibility. Reliable, intuitive, and fully-integrated, our all-in-one solution brings you the most advanced technology and powerful tools to empower transparency, stewardship, and compliance. Best-in-class chat support is standard with Financial Edge NXT, providing unlimited access to support resources directly in the product. In addition, all upgrades and enhancements to the software are provided to users regularly as part of their subscription. Best practice online educational videos are included in the subscription price from Blackbaud University, while an extensive training curriculum is available through Blackbaud Learn with local, regional and online courses. With new classes every month, CPE credit-earning content, and exclusive sessions on strategy and best practices, Blackbaud has the premiere training offer for nonprofit accounting software. Financial Edge NXT offers multiple subscription-based packages to meet the needs of various types organizations, large or small, moderate needs or sophisticated, and across multiple industry verticals including human services, healthcare, private schools, higher education, arts & culture, and more. Blackbaud also offers software for fundraising, school administration, foundation management, outcomes measurement, corporate social responsibility, and more. More than 30,000 nonprofit organizations have already benefited from the superior software and support that Blackbaud offers.

Blackbaud Financial Edge NXT Details
Product Website
Languages Supported
English
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Product Description

Financial Edge NXT is the first-of-its-kind cloud accounting solution for nonprofits thats intuitive, reliable, and built exactly the way nonprofits want it. 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.

How do you position yourself against your competitors?

Backed by ideas and best practices generated from more than 30 years of research and development in nonprofit technology, Financial Edge NXT gives your organization access to true fund accounting in a responsive, beautiful interface – all delivered securely in your internet browser and all designed with the comprehensive fund-accounting capabilities that thousands of nonprofits have trusted for years from Financial Edge.

The system is easy to use, even for people who have little accounting or computer experience. A wide range ready-to-go reports meet the special needs of nonprofit organizations and comply with FASB 116 & 117, while Financial Edge NXT’s user-friendly design makes finding information easier than ever, saving your organization from time-consuming searches and investigation.


Seller Details
Seller
Blackbaud
Company Website
Year Founded
1981
HQ Location
Charleston, South Carolina
Twitter
@blackbaud
33,432 Twitter followers
LinkedIn® Page
www.linkedin.com
3,456 employees on LinkedIn®
Ownership
NASDAQ:BLKB
Phone
+1.843.216.6200
Total Revenue (USD mm)
$913
Description

Serving the nonprofit and education sectors for 30 years, Blackbaud (NASDAQ: BLKB) combines technology and expertise to help organizations achieve their missions.


Kaney S.
KS
Overview Provided by:

Recent Blackbaud Financial Edge NXT Reviews

Monica L.
ML
Monica L.Mid-Market (51-1000 emp.)
5.0 out of 5
"Easiest Platform you can Imagine"
The customization of reports and ease of setting up accounts/vendors is great
BL
BECKY L.Mid-Market (51-1000 emp.)
4.0 out of 5
"Blackbaud NXT offers an array of features"
NXT is user friendly and offers an array of features. They provide a number of webinars and trainings on any new features or transitions which mak...
Melissa P.
MP
Melissa P.Small-Business (50 or fewer emp.)
4.5 out of 5
"I am very pleased with the Ease of the Software."
The Invoice Process is Smooth, Quick and Easy.
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Blackbaud Financial Edge NXT Media

Blackbaud Financial Edge NXT Demo - Accounts Filter
Easily search and filter through accounts within the ledger.
Blackbaud Financial Edge NXT Demo - Project Record
Ledger reporting of budget and actions for every project.
Blackbaud Financial Edge NXT Demo - Vendor Activity
Includes invoices for vendors, total summaries of balances, and transaction details.
Blackbaud Financial Edge NXT Demo - Bank Account
Access banking details, payables, receivables, and cash receipts.
Blackbaud Financial Edge NXT Demo - Balance Sheet Report
Statement details of assets, liabilities, and equity.
Blackbaud Financial Edge NXT Demo - Analysis
Overview of summary, budget vs. actuals, top 10 accounts, and more.
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Video Reviews

107 out of 108 Total Reviews for Blackbaud Financial Edge NXT

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Blackbaud Financial Edge NXT Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Blackbaud Financial Edge NXTQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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BL
ACCTS PAYABLE SUPERVISOR
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile
What do you like best about Blackbaud Financial Edge NXT?

NXT is user friendly and offers an array of features. They provide a number of webinars and trainings on any new features or transitions which makes the implementation easier. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

Customer support is somewhat of a struggle to get in a timely manner when in an emergency situtation. They do offer online chats, but in my experience, they have not been as helpful as gettting a live rep on the phone which generally takes a considerable amount of hold time. Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

We are in the current transistion to complete web solution, moving from database. It will offer a much more streamlined workflow. Review collected by and hosted on G2.com.

Kaitlyn M.
KM
Financial Research Administrator
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

I really enjoy the new Excel export feature for making budgets in Financial Edge. Most people are at least a little familiar with Excel, so it is really nice to be able to make detailed budgets in a way that everybody can grasp. This also makes it really easy for integration becaues a lot of our previous budgets at my company were in Excel. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

It took a little bit of time to become familiar with where everything is stored/where to find what you needed. Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

The major benefit I see with Financial Edge at my company is the sharing of information so that everyone can see the same information. Previously, we just had a shared drive with a ton of different folders that different business units and people saved items to. It was very difficult to find what you needed, so having a standardized format and place of storage is incredibly helpful. Review collected by and hosted on G2.com.

Melissa P.
MP
Accounting Technician
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: Organic
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

The Invoice Process is Smooth, Quick and Easy. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

Least Helpful to me would be Credit Card Processing, Our University uses and Outside Company to process all incoming Credit Cards. What I dis like most would be the Slowness and Spinning or Bouncing Green Ball Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

Moving Queries into Web View from Database view is making my life so much simplier, I will not have to go back and forth between NXT and Database Review collected by and hosted on G2.com.

Manny G.
MG
Accounting Manager
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Organic
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

Over my last 30 years of experience working in General accounting, I can say that this is one of the best softwars to work with reporting and easy Queries that can provide you all the reporting you need!

It is very exciting that recently has upgraded in NXT to have more functionality epecially under the reporting side. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

Our transition from Database view to FE NXT, but this is temporary. Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

The reporting aspect and queries. Review collected by and hosted on G2.com.

Monica L.
ML
Sr. Accountant
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

The customization of reports and ease of setting up accounts/vendors is great Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

you can't print your reports from the site you have to download a pdf format first Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

month end is a breeze now with saved "favorite" reports. Review collected by and hosted on G2.com.

JW
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

I have been in the Blackbaud family for over 23 years. I have watched the programs evolve and grow to meet the needs of consumers in the various industries that they serve. Are they perfect.... no. However, they are growing and evolving over time. They are working on getting their processing and systems better over time. When you least expect it they come out with a new product or process that helps you to keep your accounting systems perfect. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

As I said previously they are growing and evolving over time. That being said, sometimes you don't get things the exact way you want them on the first try. They are very receptive to questions and are creating solutions to common problems on a regular basis. Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

I really like using the projects portion of the program. I usually have about 40 projects open and by projects I mean houses under construction. Blackbaud helps me keep the incomes and expenses on each house in order so that I can easily report on each one. Review collected by and hosted on G2.com.

Kathryn S.
KS
Office Administrator
Small-Business(50 or fewer emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

At first I was hesitant going to a web based version of our accounting system. But the accessibility has been a real bonus for going to web version. Data entry is cleaner in some regards and the ability to access reports and information from our phones in a pinch has been fantastic. I've been able to reach out to my manager to approve invoices on the go, or she has been able to run reports for development on the go. The data entry seems fairly seamless with all of the information available on one page as opposed to database view where things are in tabs. Reporting has been great since you can run several reports at once at a faster rate than previously. I am looking forward to the integration and implementation upcoming for the full on web version. I'm curious to see how they incorporate many users favorite features such as QUERIES. I LOVE the excel add-in for our larger data journal entries. That has been fantastic, I have formulated our spreadsheets to just be able to flow into those which makes for easy entry. The add in for excel allows you to validate and it pushes the journal entry over to the database. It also will show you any discrepancies before it will validate and push it over. Overall implementation has been pretty seamless as we have been on it for over a year. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

Lack of queries when we build many of our reports based on them is a little concerning. I like the ease of data entry yet it also feels like there is some lag in the forms filling out. Database view you can type and tab and it goes, with NXT there is a lag for data entry as it tries to go down the list. Which is frustrating when doing journal entries or other forms that require tabbing through and quick entry. I dislike that we are not always notified when things are changed, even taking training courses and the trainers were unaware of changes. I realize that they are in process of converting to full web based this year so I will try to give them some grace as they work out the kinks. Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

Creating a quality database in which we can place most of what we currently have living in spreadsheets directly into Financial Edge NXT in data that we can potentially use to query on in the future. We have many program and more specifically scholarships that have different criteria and information that we have to look up or update on a regular basis. We currently have two large spreadsheets we are attempting to integrate that information into NXT so that we can easily all access and edit the data as necessary. We're hoping there are some other integrations on the way that we can use to potentially do other calculations as well. Review collected by and hosted on G2.com.

KC
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 Gives Campaign
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

I like that FENXT exists and has moved into the modern age with a cloud based application. I have generally found customer service to be helpful whether that's the Knowledgebase, chats, or calls. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

As a non-financial person, it's really hard to use and I've struggled to find and keep financial staff. Most CPAs prefer to use a more common solution like QBO or Sage Intact. It seems almost too large and cumbersome for a small organization like myself. Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

We need an accounting system but I'm not sure FENXT is doing it for us. Review collected by and hosted on G2.com.

DR
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 Gives Campaign
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

I like that we can use it for A/P and Journal Entries. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

I don't like that we have to use third-party software for our more complex needs or we have to wait for certain features to be rolled out while being pushed to a different version. Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

We have no other accounting system and have been using it since 2008. Review collected by and hosted on G2.com.

HM
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 Gives Campaign
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

I really like how easy it is to use and export things like reports in an easier fashion. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

Some of the screens the journal entry one in particular could be a bit more user friendly. Review collected by and hosted on G2.com.

What problems is Blackbaud Financial Edge NXT solving and how is that benefiting you?

We use it for our whole accounting system so that is benefiting us by not having to use andother GL system like QB. Review collected by and hosted on G2.com.