The No. 1 Way To Streamline Your Nonprofit's Finances

August 24, 2020 Brian Isaac

Whether your organisation is creating a better world in healthcare, human services, animal rescue, or any other cause area, making smart, data-driven decisions efficiently is a must.

At the end of the day, you’re handling the money of your fundraisers. Your donors. The people who count on you to get their hard-earned money to the right places.

That’s why we created Blackbaud Financial Edge NXT™: the complete fund accounting software solution designed specifically for nonprofits and government entities.

Finance and accounting, this one’s for you

We built Financial Edge NXT because we felt there should be an easy-to-use tool that gives your team everything you need, and nothing you don't.

Built directly into the solution are comprehensive fund accounting features, including General Ledger, Accounts Payable, Accounts Receivable, and Project, Grant, and Endowment Management, all accessible from a single cloud solution, designed specifically for nonprofits.

The anywhere, anytime access makes it easy for your organisation to achieve its goals while maintaining compliance with nonprofit accounting regulations, all while preventing fraud, wasteful spending, and breach of policy.

One feature our customers love most is the ability to make Financial Edge NXT work for them: structuring the control environment to fit your specific organisational needs and enforcing routine activities through automated workflows.


Get the financial stewardship tools you need to drive your mission forward.
 

Generate board-ready reports in an instant

Building. Measuring. Reporting. Improving.

The key to managing complex reporting requirements and financial processes is having a system that tells you what you need to know, when you need to know it.

Simply.

With Financial Edge NXT, you’ll empower your finance team with timely, actionable data to increase efficiency and identify opportunities to grow your mission. The solution delivers unparalleled reporting and budgeting capabilities, providing your team with nonprofit-specific reports, templates, intuitive dashboards, and more to help increase overall efficiency.

And our industry-leading allocation management excels in providing financial reassurance to both your team and your supporters.

The results?

  • Better collaboration and ability to identify opportunities for growth.
  • Better operational and strategic decision-making and risk assessment.
  • Increased efficiency and a smoother daily work experience with less manual data entry.

You’ll know exactly what’s going on with your donations and expenses. By getting a bird’s eye view of your funds, you can more easily make impactful decisions that will turn into the results that matter.

Get your systems talking to each other

Blackbaud Financial Edge NXT provides built-in integration with Blackbaud Raiser’s Edge NXT® and your other favourite Blackbaud solutions, right out of the box.

Using the powerful native integration, you’re able to monitor your program efficiency and provide your staff with timely, actionable financial data while also reducing the potential for error that comes with duplicative data entry between systems.

With the automatic flow of information between your Blackbaud products (like Blackbaud Raiser's Edge NXT®), you can filter by virtually any data elements, making Financial Edge NXT the fastest and most flexible reporting tool for managing dynamic funding requirements.

Interactive transactional reports and personalised dashboards will help to generate and distribute board-ready reports from across your various Blackbaud tools in seconds.

Need even more advanced analytics? Customise your dashboards further by utilising our API endpoints, ready for you to plug into Microsoft Power BI.

Acquire more grants with less effort

For grant-funded institutions, your growth depends directly on your ability to effectively manage grants and meet the intensive reporting requirements of your various grantors.

With project, grant, and endowment management, you can keep track of grant and program activity—without running reports—and create grant budgets to make your expense budgets a reality. Reporting across multiple grant periods is simple, regardless of your fiscal calendar—alleviating the need for burdensome and error-prone spreadsheet reporting.

Automation is key to your ability to manage a growing grant portfolio.

With Blackbaud Financial Edge NXT, built-in grant management tools can dramatically reduce administration efforts by allowing you to capture unlimited grant information, set reimbursement rates, assign tasks, and set automated alerts for reporting deadlines.

Even the reimbursement process can be automated. With standard functionality to convert grant-related direct and indirect expenses into accounts receivable, you can cut data entry time and expedite payback.

Get an edge up today

With Blackbaud Financial Edge NXT, you get the best reliable fund accounting software in the cloud, working continuously, from a partner you can count on, specifically built with your nonprofit needs in mind. Our secure cloud solution delivers real-time financial data right to your fingertips—anytime, anywhere, and from any device—because your mission doesn’t stop when you leave the office.

Built on more than three decades of experience and expertise, Blackbaud Financial Edge NXT combines all the tools you need to streamline your financial processes and ensure the overall integrity of your organisation.

Discover the next-generation cloud fund accounting solution that will move your mission forward. Learn more about Blackbaud Financial Edge NXT.

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