Blackbaud Financial Edge NXT Pricing, Features, Reviews & Alternatives

Blackbaud Financial Edge NXT

Cloud fund accounting software for social good organizations

4.25/5 (152 reviews)

Blackbaud Financial Edge NXT overview

What is 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.

Pricing

Starting from
$0.01/year
Pricing options
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Australia, Canada, United Kingdom

Supported languages

English
Blackbaud Financial Edge NXT screenshot: FENXT vendoractivityNonprofit Accountants Are Empowered Using FE NXTBlackbaud Financial Edge NXT screenshot: FENXT bank accountBlackbaud Financial Edge NXT screenshot: FENXT balancesheetBlackbaud Financial Edge NXT screenshot: FENXT accounts filter

Blackbaud Financial Edge NXT user reviews

Value for money
Features
Ease of use
Customer support
  3.7
  4.1
  4.0
  4.2
Dominique J.

My review of Financial Edge NXT

Used daily for 2+ years
Reviewed 2018-10-09
Review Source: Capterra

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.

Rating breakdown

Ease of use
Features
Customer support

Likelihood to recommend: 9/10

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Victoria W.

Financial Edge is indispensible for us

Used daily for 2+ years
Reviewed 2020-10-30
Review Source: Software Advice

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Bill G.

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

Used weekly for 2+ years
Reviewed 2021-03-30
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 1/10

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Brian C.

Financial Edge NXT Not Ready for Primetime

Used daily for 2+ years
Reviewed 2017-03-01
Review Source: Software Advice

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

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Kenton S.

Good product - backward implementation

Used daily for 6-12 months
Reviewed 2021-02-25
Review Source: Capterra

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.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 7/10

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Blackbaud Financial Edge NXT pricing

Starting from
$0.01/year
Pricing options
Subscription
View Pricing Plans

Contact Blackbaud for detailed pricing information.

Blackbaud Financial Edge NXT features

API
Activity Dashboard
Donor Management
Reporting & Statistics

Alerts/Notifications (79 other apps)
Attendance Tracking (76 other apps)
Campaign Management (92 other apps)
Data Import/Export (93 other apps)
Electronic Payments (78 other apps)
Event Management (144 other apps)
Membership Management (130 other apps)
Mobile Access (86 other apps)
Mobile Giving (77 other apps)
Online Giving (102 other apps)
Payment Processing (87 other apps)
Pledge Management (104 other apps)
Receipt Management (77 other apps)
Recurring Giving (74 other apps)
Third Party Integrations (79 other apps)
Volunteer Management (118 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Videos and tutorials

Additional information for Blackbaud Financial Edge NXT

Key features of Blackbaud Financial Edge NXT

  • Account segments
  • Accounts payable
  • Accounts receivable
  • Automate information flow
  • Automated workflows
  • Capture transaction details
  • Cash flow management
  • Change financial statement groupings
  • Complete grant administrative tasks
  • Complete integration with other Blackbaud solutions
  • Configurable dashboards
  • Create multiple “what if” budget scenarios
  • Custom reports
  • Customizable report templates
  • Dashboard reporting
  • Detailed grant records
  • Eliminate duplicate data
  • Financial planning and analysis
  • Financial reporting
  • Fund accounting
  • General ledger
  • In-depth records
  • Internal controls and compliance
  • Manage grant activity
  • Monitor budget versus actual performance
  • Nonprofit general ledger
  • Presentation-ready reports
  • Purchasing & receiving
  • Require funds to balance
  • Transaction characteristics
  • Update compliant reports
  • Working capital and expense management
View All Features

Benefits

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.