Higher Education Foundations

Click a button below to see more ways Financial Edge NXT is simplifying fund accounting for higher education foundations.

Fundraise

Financial Edge NXT is fully integrated with Raiser's Edge NXT, the world's leading fundraising and supporter management solution, so you can save time and make better decisions with a more complete and connected financial picture.

  • Stay on top of funder requirements and identify at-risk initiatives through restricted gift and fund tracking tools
  • Post data directly from Raiser's Edge NXT to your general ledger and retain spending rules
  • Improve donor transparency through dozens of customizable report templates
  • Identify funding opportunities, trends, and risks through data analysis
  • Increase visibility into outstanding pledges and gifts, allowing for better cash-flow forecasting
  • Ensure consistent cross-department data and precise gift entry with system controls
  • Spend less time reconciling and more time fundraising thanks to more accurate reporting

Create Reports

Financial Edge NXT provides powerful tools to ease your reporting burden and help you make more informed financial decisions.

  • Produce advanced reports by funding source against multiple fiscal periods or budget scenarios
  • Quickly and easily adapt reports based on your stakeholders’ unique needs
  • Connect your development and financial offices thanks to robust integration with Raiser's Edge NXT
  • Configure dashboards based on your users’ unique needs
  • Instantly drill-down to account details from reports with just a click
  • Use financial reporting templates for access to reports with varying levels of detail
  • Access more than 100 nonprofit-specific prebuilt reports
  • Take advantage of out-of-the-box FAS 117 compliant financial statement reports

Budget

Financial Edge NXT delivers best-in-class budgeting capabilities so you can make informed, strategic decisions for your programs and mission.

  • Create unlimited budget scenarios by department, grant program, or project
  • Configure budgets to automatically update existing accounts
  • Define budget percentages in distribution tables for auto entry of repetitive information
  • Get instant access to actual versus budget performance data
  • Access multiple years of data to identify trends and guide decision making
  • Budget years into the future for long-term strategic planning
  • Set up automatic alerts to notify you if an action will cause you to go over budget
  • Lock approved budgets, requiring future changes to be made as adjustments
  • Review budget level audit trails and adjustment reports

Establish Control

Financial Edge NXT delivers advanced tools to help govern your financials—from user-specific access rights to powerful approval controls—so you can trust that your data is always secure.

  • Maintain compliance with government funding requirements through tight approval controls around spending
  • Set unique business rules, such as the ability to lock down automatic account creation
  • Limit access to information in search, queries, or reports
  • Monitor activity with a complete audit trail
  • Automate repeat tasks and organize specific actions to effectively manage standard processes and ensure timely follow-up
  • Create important notifications, such as reminders about contract expirations
  • Mark an account or project inactive as of a certain date to prevent accidental, incorrect posting
  • Annotate projects to ensure that all staff members are notified of vendor or project status
  • Eliminate duplicate data entry thanks to an automatic flow of information between accounting and fundraising with Raiser’s Edge NXT integration

Modernize

Our secure cloud platform gives you the ability to view and update crucial information whenever and wherever you need to, because your mission doesn't stop when you leave the office.

  • Use Blackbaud’s single sign-on to access your data anywhere and anytime
  • Ensure that your data is always secure and available thanks to our trusted cloud services
  • Connect with other systems using the new Blackbaud SKY API™ and Developer Community
  • Securely share reports across departments using view-only licenses
  • Access information faster than ever before thanks to pervasive search tools and intuitive navigation
  • Create flexible views, favorites, folders, and reminders to suit your personal preferences
  • Enjoy a secure infrastructure that ensures solution uptime and scalability
  • Benefit from 24/7 support tools, like context-sensitive assistance guides, a vibrant user community, and live analyst chat
  • Reduce your organization’s IT burden with frequent releases providing continuous innovation

What Customers Say

See what financial professionals working at higher education foundations have to say about partnering with Blackbaud.

“Blackbaud’s staff members—the consultants, support people, trainers, everyone—have all impressed us by being so responsive to our needs. We haven’t been disappointed in any area by anyone we’ve worked with.”
— Russell Meekins
Executive Director & Chief Executive Officer
University of South Carolina Foundations