Last Updated
Overall Rating
Based on 24 users reviews
4.3
Rating Distribution
Positive
88%
Neutral
8%
Negative
4%
Starting Price
Custom
Financial Edge Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
What is Financial Edge?
Overview
Financial Edge NXT, a Blackbaud product, is a cloud-based accounting solution geared towards non-profit and governmental organizations to help them effectively manage, automate and monitor several organizational projects and teams at the same time. These could be relating to compliance, financial stewardship, security, or follow-throughs; Financial Edge provides users with a robust platform to perform fund accounting with a general ledger, projects, grants, endowments, accounts payable and receivable, fixed assets, banking, and more tools offered within a single mainframe.
Financial Edge enables its users to manage transactions, eliminate manual processes, and securely share information in an instant by providing them with personalized dashboards and customizable views. This way users can closely monitor income statements, program-to-expense ratios, cash balances, and other key metrics. Other innovative offerings include one-click drill-down functionality in real-time reporting, and export capability, and ongoing data-driven decision making.
Pricing: Not provided by the vendor.
USP: Advanced tools to eliminate manual processing of things with enhanced accuracy of data entries. Offers project accounting with streamlined budget management.
Support: Support can be reached via phone and email.
Product Advantages: The software is highly flexible. It provides an effective way to monitor accounts and generate reports.
Product Limitations: Highly overpriced for SME businesses. There is a steep learning curve because of the complexity of the offered functions.
Pros And Cons of Financial Edge
Pros
Provides access to a wide range of online finance courses covering various topics including investment banking
Learners gain expert instructor support and practical exercises to solidify their understanding of course material
Access to market and industry data, and current and historic company filings enhance analytical skills
Offers certification opportunities in the form of completion certificates and micro-degrees to help advance professionals' careers
Cons
Reporting functionality can be more user friendly as per user reviews
Some users report that the customer service lacks on time responses
Sometimes, the expense tracking appears to be offline, causing the staff to spend a good amount of time entering their expenses
Financial Edge Reviews
Total 24 reviews
4.3
All reviews are from verified customers
Rating Distribution
5
Stars50%
4
Stars38%
3
Stars4%
2
Stars4%
1
Stars4%
Share your experience
Mental Health Care, 500+ employees
More than a year
“NXT Blackbaud”
Pros
This tool is fantastic for our non-profit. I can pay invoices, set up vendors, and store any business-related files (W9s, contracts, etc.). It's incredibly helpful for sending out 1099s, setting up new projects and vendors, and I appreciate the ability to cut in-house checks and send out checks (both physical and electronic drafts).
Cons
Sometimes, I notice that the general ledgers can be slightly off in terms of accounting, but not by much.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Education Management, 11-50 employees
Less than 6 months
“Easier tool than other Blackbaud products”
Pros
Compared to other BB products, this one is easier to use, especially for refunding purchases and tracking deposits.
Cons
The customer service is irregular and unreliable.
Rating Distribution
Ease of use
7
Value for money
7
Customer Support
7
Functionality
7
Libraries, 51-100 employees
Less than a year
“Review of Blackbaud Financial Edge NXT”
Pros
As a library within the government sector, Blackbaud's Non-Profit Financial accounting system works perfectly for us. They truly understand non-profits' needs and create solutions for our problems. Blackbaud is simple to use and easy to train new employees on. The training they provide is incomparable to many other products, offering 20+ classes with online instructors or through e-learning. This training has helped us implement the software across multiple locations and ensure our staff is prepared for their duties.
Cons
As a government agency, we are required to use purchase orders. Blackbaud's purchase order system isn't as intuitive as the rest of the software. They are working to move the purchase order system to the WebView and have assured us that several changes will make the PO portion easier to use. We also need multi-level approvals on an invoice, but the solution Blackbaud provided until everything moves to WebView didn't work for our organization, as we require a pre-audit statement on all purchase orders and invoices that are paid.
Rating Distribution
Ease of use
9
Value for money
9
Customer Support
10
Functionality
9
Frequently Asked Questions
Who are the typical users of Financial Edge?
Financial Edge typically caters to individuals looking to advance their careers as well as businesses seeking tailored learning and development solutions for their employees and teams.
What languages does Financial Edge support?
Financial Edge supports the English language.
Does Financial Edge support mobile devices?
Yes, the software offers support on mobile devices.
Does Financial Edge have an app?
Yes, Financial Edge offers a mobile application for both iOS and Android devices.
How much does Financial Edge cost?
The software offers various pricing plans for individuals and teams. These plans are billed annually and are as follows: Boost for £374.17 and Pro for £582.5. Feel free to contact us for custom Financial Edge pricing right away!
Is Financial Edge free?
No, it is not free as users are required to buy a subscription plan.
