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Working Capital and Expense Management

Effectively manage cash flow and employee expenses.

Working Capital Management

With an in-depth view of your working capital, you can ensure that your organization has the necessary funds to meet operational expenses. Blackbaud Financial Edge NXT delivers robust features so your organization can better manage cash flow, while improving liquidity and your ability to manage short-term costs without overspending. ​

Accounts Payable

Make your entire accounts payable process—from purchase orders to bank reconciliation—more efficient than ever before. Accounts Payable makes paying bills easier while giving you the ability to meet changing payee requirements, maintain sound controls, and conduct analysis to properly manage your vendor relationships and liquidity.

  • Make payments any way you want—whether by check, bank draft, direct disbursement, credit card, or electronic funds transfer (EFT)
  • Manage approvals and track the order process from the initial requisition through generation of accounts payable invoices

Accounts Receivable

Accounts Receivable provides the ability to establish default payment responsibility for each client record, enabling you to bill a third party for all or a portion of a client’s charges and services rendered. You can even apply one payment—whether cash, check, or credit card—to multiple client accounts. By separately tracking individual clients, organizations, and funding sources, you can also tailor statement cycles for each client.

  • Set up automatic application of payments from multiple funding sources to invoices
  • Make effective decisions with access real-time information, track sales and services trends, and instantly view account balances and credit availability

Cash Management

Manage multiple bank accounts and credit cards with advanced features to make it easy to adjust payments, monitor account activity, and reconcile accounts. For each account, you can view a register listing of all deposits and disbursements, further drilling down to view additional details.

  • Automate your reconciliation process with Bank Feeds, improving your time-to-close and ensuring that you start balanced and stay balanced
  • Handle the small cash details that can clutter a ledger, such as postage meter money and vending machine revenue ​

Purchasing and Expense Management

Obtain an unprecedented view into how money is being spent within your organization by automating your purchasing and employee expense processes. Ensure that your organization’s spending policies are applied and enforced via online workflows that integrate with your accounting ledgers. In addition to giving you a holistic view of organizational spend, Expense Management allows you to control decentralized spending, reduce administration time, and automate reconciliation processes.

  • Track your entire order process, from creating unique business rules to entering purchase orders to generating invoices
  • Prevent out-of-policy spending by establishing control settings, such as defining user rights, creating approval controls, and setting spending limits
  • Save time with an automated approval system based on your organization’s policies
 
 

Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, healthcare institutions and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

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