Arts and Cultural Organizations

Click a button below to see more ways Financial Edge NXT is simplifying fund accounting for arts and cultural organizations.

Manage Grants

Financial Edge NXT can help you meet reporting requirements on time and secure future funding to grow the mission.

  • Create and compare grant-level budget scenarios across user-defined timelines
  • Report on grant-specific fiscal periods, status, and reimbursement, and view actual vs. budget performance data
  • Capture financial detail with in-depth grant records without cluttering your chart of accounts
  • Use the media tab to save important documentation to individual grant records
  • Associate funds to various projects and understand where grants are being spent
  • Assign grant-specific tasks, activities, and due dates related to individuals to ensure that you meet deadlines
  • Track reimbursable indirect costs in the grant record based on allowable rates
  • Convert reimbursable expenses directly to accounts receivable
  • Easily allocate direct and indirect costs based on grantor rules

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

Manage Funds

Designed specifically for nonprofits, Financial Edge NXT provides all the tools you need for a successful and compliant finance office.

  • Track transactions by net asset class
  • Capture program, grant, project, department, and other data outside your chart of accounts with robust tracking tools
  • Configure business rules to allow for unique reporting requirements by fund
  • Take advantage of encumbrance accounting and reporting against actual balances
  • View budget vs. actual amounts in real-time and receive auto-notifications on spend alerts, overdue payments, and more
  • Prepare for unexpected events—even across different fiscal periods—with scenario-based budgeting
  • Sort or group transactions within and across accounts and funds for multiple perspectives on financial data
  • Easily set up account structure and reporting
  • Enjoy configurable and unlimited user-defined fields within various record types

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 our arts and cultural customers have to say

“If we did not have Financial Edge NXT, we would be making spreadsheets for days and days and the information would be old information.”
— Julia Kennard, Chief Financial Officer, Edventure Children’s Museum