Financial Edge NXT
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Financial Edge NXT™ is the first-of-its-kind cloud accounting solution for nonprofits that’s intuitive, fully integrated, and built exactly the way nonprofits want it. It is advanced technology with powerful reporting tools to help your accounting team drive transparency, stewardship, and compliance while enabling you to seamlessly manage transactions, eliminate manual processes, and more. And it comes to you on one cloud platform that’s fast, secure, and always current. This is the game-changer you’ve been waiting for
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Financial Edge NXT
- 1. Your Path to Financial Edge NXTTM April 9, 2015
- 2. Welcome! BLACKBAUD CONFIDENTIAL 2 Please be advised this Financial Edge NXT webinar is intended for existing Financial Edge customers. If you are not a current Financial Edge user, please join our Financial Edge NXT Product Tour on either of the following dates: Financial Edge NXT PRODUCT TOURS: April 23 @ 1PM EST May 13 @ 1 PM EST Register at https://hello.blackbaud.com/FE_NXT_ProductTour.html
- 3. Team Introduction BLACKBAUD CONFIDENTIAL 3 Jim Bradley Solutions Engineer Presenter Michael Blanton Marketing Host Thomas Walker Product Manager Q&A
- 5. VISION
- 6. Intuitive. Reliable. Fully integrated on one cloud platform. Financial Edge NXT gives you the accounting power nonprofits need to empower transparency, stewardship and compliance.
- 7. True Cloud Technology Intuitive design Anywhere access Inherent Collaboration 7 Reduce IT burden Leverage our expertise Subscription pricing Data security Strong integration Continuous innovation Empower Your Teams Improve Your Bottom Line Strengthen Your Technology VISION Simple Migration Process
- 8. What You’re Used To 8 VISION
- 10. Comprehensive Accounting that you expect from Blackbaud VISION
- 11. VISION
- 12. ALSO INTEGRATES WITH ELIMINATE DUPLICATIVE DATA ENTRY PROCESSES BETWEEN YOUR SYSTEMS VISION
- 13. VISION
- 15. VISION
- 16. BUT ENOUGH TALK…
- 17. Roadmap Intro Release Every 1-2 Months Phased delivery to ensure highest priority functionality Never have to install software to receive updates Proactive communication of upcoming features 17 ROADMAP
- 18. 3/30 EAP R1 • General Ledger • List views/tiles • Projects • Grants • Journal Entry • Accounts Payable • List Views • Add/Edit/Delete • Vendors • Invoices, Credit Memos • Bank Accounts • Add/Edit/Close • Security and SSO • Inline Help/Chat NXT Release Update 4/30 EAP R2 • Journal Entry Add/Edit/delete • Journal entry validation and post • Cash Receipts module • Changes to Vendor addresses and distributions • Ongoing report migration from FE7 to NXT • CTP/EAP feedback Limited Release R3 • Online Bank integration • Report Parameters • EAP/CTP Feedback • Ongoing report migration from FE7 to NXT ROADMAP 18
- 19. Roadmap – Future Releases 2H 2015 • Credit Card management • Budget Management • Purchase Orders • Media • Reporting and Dashboards • Canadian support • Client Feedback 2016 and beyond • Accounts Receivable • Allocation Management • Fixed Assets • Cross Platform Analytics • Payroll • Administration/configuration 19 ROADMAP
- 20. YOUR PATH TO NXT…
- 21. 21 PATH Why Consider NXT Now? Simple Migration Process
- 22. Why Consider NXT Now? Access powerful tools you need to drive results immediately: • Comprehensive fund accounting • Streamlined, real-time reporting • Anywhere, anytime access • Beautiful and intuitive design Efficiency and agility of true cloud computing platform 22 PATH
- 23. 23 PATH Packages
- 24. How to Prepare for NXT Consider Blackbaud hosting Prepare your database Explore retained services Contact Customer Success and Support Utilize your training subscription 24 PATH
- 25. 25 Learn More Survey up next! Just say “Yes” x OR Email following this event -- Just click through to request a conversation Once you reach out and confirm interest, we will connect with you shortly to discuss in more detail PATH
Notas del editor
- Financial Edge NXT is part of the industry’s ONLY fully integrated, all inclusive cloud suite for nonprofits. Financial Edge NXT is the most advanced cloud accounting solution designed for and available to the nonprofit community. It is intuitive cloud accounting for nonprofits that’s built on over 30 years of experience and includes flexible reporting, restricted fund tracking, and seamless integration with the industry leading fundraising software, The Raiser’s Edge.
- Intuitive design and anywhere access encourage usage and collaboration across your team Always On Cloud technology ensures NXT is always available wherever you are, computer, tablet or phone Designed for Uptime, the Blackbaud cloud is built with redundancy and fine-tuned for performance Always Up-to-Date Your NXT in the cloud always runs the latest version with the greatest features Never worry about patch and upgrade cycles, we take care of that for you Open and Secure Rest-based API’s for easy ecosystem integration Security architected into every NXT facet, Compliant with industry standards Zero IT Hassle Peace of mind that the IT infrastructure, application and database are optimized and managed 24x7 Never buy a server again. Cloud eliminates hardware purchases and management NXT in the cloud is monitored and managed 24x7 Subscription Pricing Get started quickly with limited upfront investment Maintenance, back-ups, and upgrades are on us
- This total cloud solution includes the Financial Edge database with everything you need to engage with information and financials, monitor and track program success, manage relationships, and support fundraising teams and funders. It is comprehensive fund accounting, powerful real-time reporting and analytics, full program and grant financials and more.
- Taken from talk tracks: Efficiently manage and protect information Financial Edge NXT is true fund accounting at its finest. Based on your needs, you can take advantage of general ledger, projects, grants, endowments, AP/AR, Fixed Assets, Banking and more. Financial Edge NXT gives you highly secure cloud accounting. With the ability to define role-based security, you are in the driver’s seat in determining who has access to—and can interact with—your data, records, reports and processes. But we know all accounting teams want to work in a system that is reliable, easy to use and promotes data accuracy. Based on nonprofit feedback, we’ve worked to eliminate manual processes or duplicative entry wherever possible. <For example, we’ve dramatically reduced the need to store data in offline spreadsheets or ancillary systems, and we have added new quick search tools that allow you to quickly find and cut and paste data between records without re-keying> You can track and manage multiple budget scenarios (NPs typically work from different budgets/scenarios that tells them what the budget will look like if they do or don’t get funding—not all accounting packages allow for this), and it’s flexible enough to allow you to segment information for internal and external use. POWERFUL REAL-TIME REPORTING Rich insight and analytics Speaking of viewing data, Financial Edge NXT has intuitive dashboards and customizable views—so you have real-time access to the information that is most important to you. You can closely monitor income statements, program to expense ratios, cash balances and other key metrics. Now, everything you need is brought to the forefront for proactive review by anyone you choose—which means less time running and distributing reports. And the reporting capabilities in Financial Edge NXT are truly unparalleled. Because this solution was built for nonprofits, it offers accounting teams rich insights and analytical power that will save them time and help them make important, timely decisions and also report to stakeholders (ex. executives, board members, business managers, etc.). There are over 100 built-in reports (fully ready to use with one click!) to Financial Edge NXT, and of course, you can create your own custom reports (without having to ask IT for help!). Also, with just one click you can drill down (one click drill-downs) into any data point, because all information is connected (with The Financial Edge, you had access to it but could not go directly into it right from the report). And getting information out is a breeze with one click exports to Microsoft Excel ®. In most systems it takes many clicks or reports to get information. Now information is proactively served up.
- Inform fundraising strategy Financial Edge NXT allows you to view and analyze data in a way that helps you identify funding opportunities, trends and risks. Also, many statistics show that the new era of donors are more conscious of spend (stewardship) than ever before. Financial Edge NXT makes it possible for those managing those relationships (whether grant program managers, major gift fundraisers or others) to report back to donors/funders. (Upsell) And, because Financial Edge NXT fully integrates with Raiser’s Edge NXT™, our smart cloud fundraising and relationship management solution, your organization can eliminate the time investment and error margin that comes with duplicative data entry processes between your relationship management and financial systems
- Budget, monitor and evaluate Financial Edge NXT gives you full program and grant financials, which means you can budget and monitor in a way that gives both internal and external stakeholders the information and insight they need in real time, while helping you ensure accuracy and compliance. Financial Edge NXT offers efficient grant and project accounting It also allows you to track restricted gifts/funds as you need to, which helps you stay compliant with funder requirements and identify any areas of risk. Essentially, the more transparency and control you have into how budgets are being managed, the better you will be able to monitor and evaluate program effectiveness. And when all of that is being managed well, funders will have confidence that you are stewarding resources well, which increases your chances of future gifts/funding.
- Information when you need it Financial Edge NXT gives users anywhere, any device access to data—mobile phones, tablets, PCS—essentially anywhere with internet access. This means you have reliable, real-time access to all your data—secure in the cloud-whenever you need to analyze information, report to stakeholders and more. Basically, all of the capabilities I am about to show you are always available at your fingertips and in a readable format. Just one example of where we’ve heard great feedback--We’ve found that people in the business office at NPs typically spend a lot of late nights working—either preparing information or responding to unexpected requests from internal teams, board members and others. Customers are excited that now with Financial Edge NXT, they can work from wherever they are (skipping the late nights at the office).
- Blackbaud is your total solution provider With one cloud, for everything, you can unite your organization and connect them to the world they serve, at their desk or in the field. One scalable web-based platform provides continuous improvements and seamlessly powers everything on-the-go. And best in class security means that you and your funders can rest assured that the knowledge and support of thousands of security experts keeps your data centralized, safe, and backed up within a reliable, protected environment. Totally connected and totally driven to customer success, we support you every step of the way: from ongoing training to best practices to technical support, we provide instant help when you need it.
- One #1 guiding principle was to make the transition to NXT easy for you No loss of functionality No data conversion No re-implementation