Financial Edge NXT

14 Reviews 3.9/5

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

Accounts Filter
Bank Account
BS Report
Project Record
Vendor Activity

About Financial Edge NXT

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 you need to manage financial reporting, monitor and track program success, support fundraising efforts, and ensure overall integrity for your organization.

Intuitive, reliable, and secure, Blackbaud Financial Edge NXT can help streamline financial processes at your organization, so you can spend more time and resources to drive your mission forward. And it comes to you on one cloud platform that’s fast, secure, and always current.

Core Fund Accounting

General Ledger

Built exclusively for nonprofits and government entities, Blackbaud Financial Edge NXT’s flexible General Ledger structure can manage your complex reporting requirements - even for the most challenging stakeholders.

Designed over decades of working with nonprofit accountants, Blackbaud uses a combination of powerful tools - from account segments to transaction characteristics - to deliver an experience that’s tailored to your unique business processes, while providing the control and simplicity that commercial systems can’t offer.

As the core component of Blackbaud Financial Edge NXT®, all transactions flow from other modules into the General Ledger’s accounts and projects. Our General Ledger design allows you to easily report from multiple perspectives while maintaining a clean chart of accounts; implement strong internal controls; and seamlessly adapt to changing funder requirements with best-in-class reporting design.

Advanced Security

Set full security on accounts, projects, reports, queries, and more. Your system administrator - or staff member with supervisor security rights - can grant or deny user rights to specific information, so it does not appear on an unauthorized user’s search screen or in any reports the user creates. With Advanced Security, you can easily and securely share performance information with non-financial, read-only users

Allocation Management

Automatically allocate amounts by account, account attribute, project, project attribute, transaction code, and transaction attribute. Allocation Management provides mechanisms for both direct and indirect allocations, as well as reallocations, based on ending balances, average daily balances, or net change balances - eliminating the need for external spreadsheets that have no built-in validation.

Budget Management

Budget years into the future, so your organization can prioritize its expenditures, assess its funding needs, and make comparisons across fiscal years. You can configure project-level budgets to automatically change existing account budgets and create multiple “what if” budget scenarios to measure the impact of potential change. Budget Management also helps you control expenses by establishing spend thresholds that can later trigger alerts based on actual performance.

Projects, Grants, and Endowments

By tracking transaction and budgeting data at the project level, you can monitor key initiatives with ease. Separate and report on activity for various projects, endowment, events, scholarships, investments, and other elements - without exploding the number of accounts in your system.

Projects, Grants, and Endowments allows you to keep a pulse on activity right on the project record without running reports and create project-level budgets to keep all your initiatives on track. Finally, grant management tools help you reduce grant administration efforts by allowing you to capture unlimited grant information, set deadlines, report across multiple fiscal periods, and even automate reimbursement billing.

SKY Reporting and Dashboards

SKY Reporting and Dashboards provides your staff with timely, actionable financial data. Use interactive transactional reports, personalized dashboards, and advanced analytics tools to generate board-ready reports in an instant, schedule email report updates, or drill into report details to analyze key metrics. SKY Reporting is the future of integrated business intelligence for nonprofits, designed to compile data insights across multiple Blackbaud solutions.

In addition, Blackbaud Financial Edge NXT® takes advantage of classic Financial Edge® concepts like advanced filtering by virtually any data element making it the fastest and most flexible reporting tool for managing dynamic funding requirements

Working Capital Management

Accounts Payable

Make payments any way you want: by check, bank draft, direct disbursement, credit card, or electronic funds transfer (EFT). Accounts Payable makes paying bills easier, while giving you the ability to meet changing payee requirements, maintain sound controls, and conduct analysis to properly manage your vendor relationships and liquidity.

Accounts Payable combines with Purchasing, Expense Management, and Cash Management to provide your organization with a complete and efficient A/P workflow

Accounts Receivable

Track individual clients, organizations, and funding sources. Accounts Receivable provides the ability to establish default payment responsibility for each client record, enabling you to bill a third party for a portion or all of a client’s charges and services rendered. You can also apply one payment (whether cash, check, or credit card) to multiple client accounts and draft automatic payments from a specified bank account.

Cash Management

Manage multiple bank accounts and credit cards with advanced features to simplify payment adjustments, account activity, and reconciliation. For each account, you can view a register listing all deposits and disbursements drilling down to view additional details. With Bank Feeds, you can automate your reconciliation process to ensure that you start balanced and stay balanced, improving your timeto-close. Cash Receipts functionality allows you to handle the small cash details that can clutter a ledger, such as postage meter money and vending machine revenue.

Purchasing and Employee Expense

Expense Management

Obtain an unprecedented view into how money is being spent within your organization by automating your full purchasing and employee expense processes in the cloud. Eliminate manual, paper-based processes that consume time and resources, while ensuring that your organization’s spending policies are applied and enforced via online workflows directly integrated with your accounting ledgers. In addition to aggregating your holistic view of organizational spend, Expense Management allows you to control decentralized spending, reduce administration time, and automate reconciliation processes.

Purchase Orders

Take advantage of a variety of options for recording purchases, tracking encumbrances, and generating invoices from receipts. You can track the complete order process from the initial requisition through the entry and printing of purchase orders, to the recording of merchandise when it arrives and the generation of accounts payable invoices.

Other Modules

Accounting Queue

Schedule a sequence of tasks that can be executed one after the other, automatically and unattended. Using Accounting Queue is easy: Simply add tasks to a queue and schedule it to run whenever you want, even overnight or during a weekend. Accounting Queue can automate tasks, such as printing, emailing, importing, exporting, and posting various data in Blackbaud Financial Edge NXT®.

Consolidation Management

Whether your organization is reporting on multiple chapters, foreign or domestic subsidiary offices, headquarters, or outreach operations, Consolidation Management automates the “roll up” of financial data letting staff efficiently consolidate and report across different data sets with varying account structures, fiscal years, or currencies.

Fixed Assets

Store all the information your organization needs to properly track and manage your property, plant, and equipment. The solution calculates depreciation based on built-in IRS formulas or custom depreciation schedules you enter to meet specific needs.

Payroll

Simplify your payroll administration and human resources procedures. Payroll makes your in-house payroll process a timely and cost-effective alternative to outsourcing. Designed to reflect current employment trends, this sophisticated yet easy-to-use system accommodates incentives offered in today’s workplace such as flexible work schedules, complex benefits packages, and much more

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.

Phone Support

Blackbaud support resources include comprehensive online resources, vibrant user communities, and standard chat support directly through Blackbaud Financial Edge NXT. With standard operation hours from 8:30 a.m. to 8:00 p.m. ET, Blackbaud’s award-winning support program has an option to fit every need including phone support and extended priority hours. Our support analysts work exclusively with nonprofit organizations, so you can feel confident you’re getting expert advice on any issue.

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.

Product Overview

Market Focus

Ratio of reviewers by organization size.

Industry Focus

Ratio of reviewers by sector.

78%
78%
Non-Profit
12%
12%
Government
6%
6%
Educational Services
3%
3%
Health Care

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User Reviews of Financial Edge NXT

Submitted on January 15th, 2019 by Victoria J Wiegand from Christian Heritage School

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 Latonya

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 25th, 2018 by an anonymous Financial Edge NXT user.

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 from KWA

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 an anonymous Financial Edge NXT user.

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

Distribution table work needs to improve.

Submitted on December 1st, 2017 by Shari from Abilities First

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 from Northern Arizona Healthcare Foundation

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 from The Gathering Place

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 Mark

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 from GPS Education Partners, Inc.

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 from Illinois College of Optometry

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

The flexibility in financial reporting.

Submitted on December 17th, 2013 by Gregg from Port Authority of Kansas City, MO

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 from Council on Rural Services

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 Melissa

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.