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Blackbaud Financial Edge NXT Reviews & Product Details - Page 11

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

108 Blackbaud Financial Edge NXT Reviews

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108 Blackbaud Financial Edge NXT Reviews
4.0 out of 5
108 Blackbaud Financial Edge NXT Reviews
4.0 out of 5

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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Richard W.
RW
Child Guardian (Sub)
Non-Profit Organization Management
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

I really enjoy the Raiser's Edge integration that creates a streamlined line of data from Advancement Offices to Business Offices Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

The Dashboards need to be stronger and more comprehensive. Review collected by and hosted on G2.com.

Recommendations to others considering Blackbaud Financial Edge NXT:

If you currently use Raiser's Edge, Financial Edge is the perfect integration for both systems. Review collected by and hosted on G2.com.

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

The main problem we solved with the transition of data from Advancement Office to Business office. There is no room for variables with this integration Review collected by and hosted on G2.com.

Brian H.
BH
Director of Technology Operations and Innovation
Information Technology and Services
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

While complex, it's a useful tool for managing financials, student data etc. We have a sync between Raisers Edge and Financial Edge that keeps our databases synchronized. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

The code base may be a bit old, some features like the Dashboard require using some very outdated Office XP Web Components. The software itself seems stable enough. There is uncertainty about their Whipple Hill acquisition and what it means for us since we were/are Whipple Hill and Blackbaud customers when it was bought out. Review collected by and hosted on G2.com.

Recommendations to others considering Blackbaud Financial Edge NXT:

Wait for the dust to settle on the transition with Whipple Hill. It's still good software, but there are too many unknowns at this point. Review collected by and hosted on G2.com.

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

We're managing all student information through the software. Review collected by and hosted on G2.com.

JL
Controller
Non-Profit Organization Management
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Organic
What do you like best about Blackbaud Financial Edge NXT?

Compared to our legacy system this system looked great. Very sleek- nice dashboards- electronic PO's and looked pretty user friendly. The system looked to be much easier to navigate than our current system. In addition you have the ability to scan a lot of support into the system (invoices and billing) and drill down to the source document from reports. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

Main thing that we disliked about the system was in evaluating the system capabilities the vendor was very slow in getting back to us. This gave us the impression that they didn't really care all that much about obtaining our business. We had very specific questions on system capabilities around specific billing needs at our organization. We went round and round on answers for several months- hearing the system could not do it and then having them come back and say that it could (after we told them we could not sign up for the system if it couldn't handle the billing requirements). Just a frustrating process when at first it looked very promising. Review collected by and hosted on G2.com.

Recommendations to others considering Blackbaud Financial Edge NXT:

I would recommend making sure you have a very strong consultant involved when it comes to implementing a new general ledger system and someone that can steer you in the right direction or assist in evaluating multiple general ledger systems. Also ensure that the sales person you are dealing with at the vendor is strong- some of them just end up wasting time in the process. Review collected by and hosted on G2.com.

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

We are trying to look for a new general ledger system as we have outgrown our current legacy system. The process of evaluating multiple vendors was certainly enlightening and gave us a very good understanding of what questions to ask when evaluating different system and also made us appreciate the fact that you want very strong consultants when it comes to implementing a new general leger system. Review collected by and hosted on G2.com.

Verified User in Hospital & Health Care
AH
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?

It's fairly easy to navigate and get information from. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

The software is expensive and you will most likely need to purchase additional modules for needed features. Review collected by and hosted on G2.com.

Recommendations to others considering Blackbaud Financial Edge NXT:

It's expensive to get and the yearly contract fee is a little high. Review collected by and hosted on G2.com.

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

This really streamlined our accounting. It's nice that it communicates with Raiser's Edge our database software. Review collected by and hosted on G2.com.

Verified User in Philanthropy
UP
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Organic
What do you like best about Blackbaud Financial Edge NXT?

Ability to adjust JE before posting. Reporting is straight forward once things are set up in system for reporting. Easy to use with posting JE's. Importing of JE is beneficial to me and easy. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

Formatting of Reports to excel/pdf. Length of time it takes to run reports. The lack of compatibility with other software including Endowment Manager. Customer service is not responsive and it is hard to get questions answered sometimes with Blackbaud. Review collected by and hosted on G2.com.

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

Use FE to run day to day operation of a community foundation. The problems solved with the software consist of accounts payable recording, check cutting, reporting, budgeting and analysis. The benefits consists of value brought to the foundation by reporting for board presentation and approval. Review collected by and hosted on G2.com.

Verified User in Philanthropy
UP
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?

Financial Edge allows us to track and monitor payments and cut checks more easily. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

Financial Edge is integrated with the other Blackbaud products, but it is really redundant. Sure you can cut checks and monitor your payables - but a lot of work is duplicative of the other Blackbaud products Review collected by and hosted on G2.com.

Recommendations to others considering Blackbaud Financial Edge NXT:

Look elsewhere Review collected by and hosted on G2.com.

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

Financial Edge streamlines our accounting process but it does involve a lot of extra work. I wouldnt cite any benefits Review collected by and hosted on G2.com.

Verified User in Religious Institutions
UR
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

I like the integration of the modules - General Ledger, Accounts Payable, Accounts Receivable, Cash Receipts, Student Billing, and Fixed Assets. We are also integrated with Raiser's Edge for the development side of business. I like to ease-of-use in learning each module. I value the training and user resources available online and via phone. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

Financial Edge reports are not as easy to create as I would like. Review collected by and hosted on G2.com.

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

Managing internal controls. Generating meaningful financial reports for management and our Board. Review collected by and hosted on G2.com.

Verified User in Education Management
AE
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Seller invite
Incentivized Review
What do you like best about Blackbaud Financial Edge NXT?

Love that you can access through the cloud. Review collected by and hosted on G2.com.

What do you dislike about Blackbaud Financial Edge NXT?

Not all feature sets are built out yet but the ones that are built out are great! Review collected by and hosted on G2.com.

Recommendations to others considering Blackbaud Financial Edge NXT:

Great upgrade but know that you will need to continue to use the database version alongside for full feature functionality as they build it out. Review collected by and hosted on G2.com.

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

Much easier access for our view only users to look into information and run reports. Review collected by and hosted on G2.com.