[ Blackbaud Reviews ](https://www.g2.com/products/blackbaud-financial-edge-nxt/reviews) [ Blackbaud Reviews ](https://www.g2.com/products/blackbaud-financial-edge-nxt/reviews) # Blackbaud Financial Edge NXT Features ##### ## General Ledger (3) Journal Entries Increases user efficiency by auto-populating based on previously entered information. Schedules future entries. Allows Journal Entries to be uploaded from an external source. Tags / Dimensions Ability to tag all transaction in the general ledger with customizable dimensions, classes, categories, etc. These dimensions should be available on any transaction in any module in the system and available to be reported upon. Audit Trail Automates chronological tracking of transactions that have affected a specific operation, procedure, event or record Show More ##### ## Accounts Receivable (3) Invoice Customization The layout of the invoice template is fully customizable and you can add or remove fields. AR Automation Automation helps the user be more efficient by populating default customer data, setting up systematic payments from clients and automatically matching customer receipts to outstanding transactions. Collections Automation The system automates the dunning process to help drive collections Show More ##### ## Accounts Payable (9) AP Automation Steamlines data entry by auto populating recurring or predefined vendor values Payment Processing Ability to manage, track and report on numerous payment types. Customize and automate complex purchase to pay work flow. Purchase Orders Software supports purchase orders and provides purchasing personnel, management and accounts payable with visibility needed to streamline the procure to pay process Invoice Processing Creation, processing, verification, and execution of invoices till the payment is made Purchase Order Management Create, send, and track purchase orders and their statuses ACH Payment Processing Accept electronic bank-to-bank transfers using a network called the Automated Clearing House (ACH) Electronic Payments Electronically collect payments for goods or services Electronic Payments Electronically collect payments for goods or services Credit Card Processing Accept and process credit card transactions Show More ##### ## Financial management (3) General Ledger Includes a tool to maintain a general ledger of the institution’s account balances Accounts Payable and Receivable Manages accounts payable and accounts receivable Budgeting Contains integrated collaborative budgeting tools Show More ##### ## Billing (3) Billing Automation Automates generating and distributing bills Payments Manages bill payments submitted by students and parents Electronic Payments Electronically collect payments for goods or services Show More ##### ## Reporting (3) Customized Reports Produces customized reports and financial statements Report Exporting Allows reports to be exported in file formats like PDF and Excel or to other software Bank Reconciliation Compare and match accounting/financial records with corresponding bank statements Show More ##### ## Additional Functionality (88) Real-Time Data Receive data and information in real time Purchasing & Receiving Workflows that help acquire inventory, issue purchase orders and receive and store items in required quantity Budgeting/Forecasting Create budgets based on historical data and future projections Generative AI Use AI to generate content in the form of text, images, videos, etc. Receipt Management Upload, track, and submit receipts in a central database Financial Reporting Generate reports to assess the financial performance of an organization Partnership Accounting General Ledger Centralized accounting record which tracks all financial transactions Invoice Management Captures invoice data and maintains comprehensive records for auditing and reporting purposes Compliance Management Track and manage adherence to policies for any service, product, process, or supplier Collaboration Tools Provides a channel for team members to share media files, communicate, and work together Third-Party Integrations Set up connections to third-party platforms to improve business processes Recurring Giving Manage and track recurring gifts CRM Built-in customer relationship management (CRM) capabilities or integration with a third-party CRM system Customizable Reports Alter the layout and content of reports Donation Tracking Track and view detailed financial donation history made by contacts and members Customizable Templates Pre-designed layouts that can be customized to match preferences and requirements Expense Tracking Monitor and record expenses such as purchases or charges incurred Accounts Receivable Track outstanding invoices and the money owed from clients Check Printing Print paychecks issued to confirm payment of wages or salary Inventory Tracking Track and monitor inventory items, such as raw materials, unfinished goods, and ready-to-sell items Cash Management Process of managing an organization's cash resources, including cash on hand, investments, and bank account balances Chart of Accounts A financial statement that lists a company's accounts and details the account type and balance Payroll Management Manage employee salary processes, data, taxes, and records administration efficiently Financial Analysis Evaluate units, projects, budgets, and other finance-related data to gauge their performance and potential risk Revenue Recognition An accounting principle that identifies the specific conditions in which revenue is recognized and determines how to account for it. API Application programming interface that allows for integration with other systems/databases Real-Time Reporting Active reporting of data and metrics Bank Reconciliation Compare and match accounting/financial records with corresponding bank statements Fund Management Manage allocation and performance of financial assets Multi-Currency Manage and handle various international currencies Grant Management Monitor application statuses, proposals and award funds Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Financial Management Plan, manage, and track the financial activities of an individual or organization Accounts Payable Track money owed to a company's creditors/suppliers AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Billing & Invoicing Create, manage, and send invoices or bills to customers Fixed Asset Management Centralized database to track details of fixed assets such as depreciation and maintenance scheduling/history Reporting & Statistics Collection, analysis, and representation of numerical data and generation of reports to understand various patterns Donor Management Track and maintain donor relationships throughout various stages/activities including contact information and previous outreach Income & Balance Sheet A statement detailing the financial position of a business including assets, liabilities, and equity at a certain point in time Mobile Access Access software remotely via mobile devices Tax Management Implementation of various strategies to manage tax obligations via planning and maintaining compliance Activity Tracking Track and document all activities across devices, networks, and other systems Workflow Management Create, design and manage workflows for repetitive tasks Fund Accounting Manage revenue acquired through grants, donations, and other sources (accountability vs. profitability) Profit/Loss Statement A type of financial statement used to record and report an organization's revenues, costs, and expenses over a specific amount of time Time & Expense Tracking Log and record hours worked and costs spent to assist in billing and invoicing Recurring/Subscription Billing Automated process of charging customers at regular intervals for repeated access or use of a product or service Project Accounting Manage and track financials on a project-to-project basis Sales Tax Management Calculation of consumption tax imposed on the sale of goods/services Contact Management Manage, organize, and store contact information Accounting Built-in accounting to manage ledger, accounts payable/receivable, financial reports, etc. For Nonprofits Software specialized for non-profit organizations Accounting Integration Integrate with a third-party accounting system K-12 Software designed for kindergarten through 12th grade schools For Schools Designed to be used by kindergarten, primary, middle, and senior secondary schools. Billing & Invoicing Create, manage, and send invoices or bills to customers Sales Tax Management Calculation of consumption tax imposed on the sale of goods/services Contact Management Manage, organize, and store contact information For Higher Education Software designed for higher education organizations Activity Dashboard Dashboard to view the status of ongoing processes, identify current incidents and track past activities Financial Analysis Evaluate units, projects, budgets, and other finance-related data to gauge their performance and potential risk Accounts Payable Track money owed to a company's creditors/suppliers Communication Management Manage and track all internal and external communication conducted via calls, email, text, or chat Financial Management Plan, manage, and track the financial activities of an individual or organization Generative AI Use AI to generate content in the form of text, images, videos, etc. Cash Management Process of managing an organization's cash resources, including cash on hand, investments, and bank account balances Expense Tracking Monitor and record expenses such as purchases or charges incurred Purchasing & Receiving Workflows that help acquire inventory, issue purchase orders and receive and store items in required quantity Payment Processing Accept, record, and reconcile financial transactions Third-Party Integrations Set up connections to third-party platforms to improve business processes Reminders Timed notification for any upcoming task, deadline, appointment, or activity Fee Management Track collected or paid charges for services performed or access granted Refund Management Oversee the process of issuing refunds Payroll Management Manage employee salary processes, data, taxes, and records administration efficiently Real-Time Reporting Active reporting of data and metrics Tax Calculation Calculate tax and make deductions on gross income from sources like wages, investments or self-employment Discount Management Track products that are for sale at a reduced price or part of coupon promotions Budgeting/Forecasting Create budgets based on historical data and future projections Fund Accounting Manage revenue acquired through grants, donations, and other sources (accountability vs. profitability) AI Copilot A virtual assistant that uses AI to pursue goals and complete tasks on behalf of users Financial Aid Management Manage information and/or provide updates regarding student financial aid Data Import/Export Import and export data to and from software applications Grant Management Monitor application statuses, proposals and award funds Purchase Order Management Create, send, and track purchase orders and their statuses Invoice Processing Creation, processing, verification, and execution of invoices till the payment is made Tuition Management Set and manage tuition fees/payments. 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