Cloud fund accounting software for nonprofits4.4/5 (45 Bewertungen)
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.
Overall, FE is a good application if you are already RE but do not have an existing accounting application. If your organization is small and do not have an IT team, then look at Blackbaud to host your RE and FE applications and let the professionals take care of your application hardware infrastructure.
If you are using Blackbaud's Raiser's Edge (RE) software and need another application to perform accounting functions, Financial Edge (FE) is the application that will take care of Vendor tracking, A/R, A/P, etc. Rather than using another accounting application (ie. Quickbooks), Financial Edge integrates with Raiser's Edge. When you post gifts from Raiser's Edge, it goes over to Financial Edge and updates the information. The information for batch number, Appeal, Funds, Campaign migrate over to FE from RE. The user interface, look and feel between Financial Edge and Raiser's are the same. If you know RE, then FE will be easy to catch on. If you are hosted by Blackbaud, then you will be looking for FE/NXT
While there is a lot of integration from RE to FE, this comes at a cost. The FE application is expensive compared to other financial applications. If you are hosting FE on-premise, I believe Blackbaud charges by the number of users. You also need to a server with SQL to run FE. This is not like QuickBooks which can install on a local PC. If you are hosted by Blackbaud, then you will be looking at FE/NXT and again price will your main concern.
I have been using Financial Edge for almost four years now and the the strides they have made from my first impression to now are outstanding. When I first started my job I was thrown into the systems and provided little training and while the system (Accounts Payable, General Ledger) were easy to learn they were a little clunky looking and the features that made them powerful (attributes, global changes) were not something you would find on your own. We recently (been a little over a year) moved to the NXT version and while all the functionality is not there yet I do appreciate BlackBaud taking the time to listen to their customers while building out the functionality instead of just updating it based on the database view. While this make take more time to build out (which can be frustrating) it will hopefully allow for an even more powerful platform in the end that allows us to be a more effective and efficient team in the end.
New functionalities being rolled out that allow us to use more systems working together instead of isolated.
Community boards to allow users to make suggestions and learn from each other.
That NXT is not complete yet (but I understand why and agree with their methodology).
Customer support can be clunky at times when the first person is not able to help you.
I have time to assist my departments in dealing with budget issues on a timely basis.
I like the fact that I can either trace from a detailed posting in Altru, through BBMS to Financial Edge and prove to the auditors how transactions were processed or vice versa with ease.
With this integration of the three services we have also been able to pass on to the departments receiving the income, the fees associated with processing credit card transactions - thus reducing management overhead.
If you have created your environments correctly and have adequate safeguards in place as to how data is entered you have the ability to close within two-three days of month end. This gives us the ability to actually analyze the data into a monthly report that management uses to correct or improve programs.
When in the reporting function, if you are asking for a major detailed report, the system does slow down and could be a bit faster.
Financial Edge has been a great experience; we have streamlined data processes and improved our reporting cabability more than 10 fold. We love the project and grant data management pieces as well. The newest addition of Credit Card payment/processing has been a WONDERFUL thing for our office.
Our CFO and Accounts Payable Staff can easily see where we are at any given moment in regards to AP/AR balances. Paying invoices is really easy and the load from tables funcationality for GL Disbursments is helpful as well. Financial Edge also has the capabilty to create recurring invoices for those AP invoices that are the same month after month.
We are integrated with Raiser's Edge as well and that process is very easy as well.
Ease of use in Query and Report Parameters
Some of the more intricate invoices can be cumbersome, but that is only for a few items that we have. I wish the Vendor integration with Raiser's Edge was more robust, but it works for us ok.
I've been using black baud for almost 10 years, I love the ease of using the AP side. It's very easy to get from viewing a vendor, to adding a new invoice and checking for purchase orders, all in one window (with tabs).
The only thing I don't like, it seems there are updates (which is great, but sometimes complicates things). It loses the alignment on my checks pretty drastically and doesn't save the alignment for a new run. I'm not sure if there's a glitch. It does time out kind of quickly if you aren't constantly using the system.
I appreciate you taking the time to review Financial Edge NXT! As you may know, we listen to our customers' feedback for updates - I have let our product team know about your issue with check alignment.
Please let me know if you have any other issues!
Contact Blackbaud for detailed pricing information.
Weiter unter folgen häufig gestellte Fragen über Blackbaud Financial Edge NXT.
Blackbaud Financial Edge NXT bietet folgende Kostenpläne an:
Kostenlose Testversion: Nicht verfügbar
Contact Blackbaud for detailed pricing information.
Blackbaud Financial Edge NXT bietet die folgenden Funktionen:
Blackbaud Financial Edge NXT hat die folgenden typischen Kunden:
Großunternehmen, Mittlere Unternehmen, Non-Profit
Blackbaud Financial Edge NXT unterstützt die folgenden Sprachen:
Blackbaud Financial Edge NXT hat folgende Preismodelle:
Wir haben keine Informationen darüber, welche Geräte Blackbaud Financial Edge NXT unterstützt
Blackbaud Financial Edge NXT kann in folgende Anwendungen integriert werden:
Bellwether Purchasing, Budget Maestro, DBxtra, Procurify, Raiser's Edge NXT, WorkPlace Requisition & Procurement
Blackbaud Financial Edge NXT bietet folgende Optionen für Kundensupport:
Forum, Wissensdatenbank, Online-Support, Telefon-Support, Video-Anleitungen