Blackbaud Financial Edge NXT
by Blackbaud
by Blackbaud
Profile Information Last updated on: 1 July 2024
Profile Information Last updated on: 1 July 2024
We help make selecting a software for your business effortless, economical and efficient.
by Blackbaud
by Blackbaud
Profile Information Last updated on: 1 July 2024
Profile Information Last updated on: 1 July 2024
Blackbaud Financial Edge NXT involves several key steps, starting from initial setup to full deployment. While specific timelines can vary based on the complexity of the organization's needs, a typical implementation might take several weeks to a few months. The process includes:
Initial Consultation and Planning: This involves discussions with Blackbaud representatives to understand the organization's needs and how Financial Edge NXT can be tailored to meet those needs.
Setup and Configuration: During this phase, the software is configured to match the organization's financial management requirements. This includes setting up chart of accounts, projects, grants, and other financial structures.
Data Migration: If migrating from another system, data migration is a critical step. Blackbaud provides tools and support to help transfer existing financial data into Financial Edge NXT.
Training: Blackbaud offers comprehensive training for new users, including online resources, webinars, and instructor-led training sessions
Go-Live Support: As organizations begin to use Financial Edge NXT in their daily operations, Blackbaud provides support to address any issues that arise during the transition.
Customization
Blackbaud Financial Edge NXT can be customized to fit specific business needs. This includes:
Customized Budgets: Users can create customized budgets tailored to their organization's specific needs at various levels (organization, department, program, or project).
Integration Capabilities: Financial Edge NXT can integrate with other software solutions, enhancing its functionality and allowing for a more streamlined workflow
Custom Reports and Dashboards: Organizations can create custom reports and dashboards to monitor financial performance and make data-driven decisions
Setup Fees: Initial setup and configuration may incur additional costs.
Training and Support: While basic support is included, advanced training sessions or premium support options may be available for an additional fee
Maintenance and Updates: Regular updates are included, but major upgrades or custom development work may require additional investment
Go-Live Support: As organizations begin to use Financial Edge NXT in their daily operations, Blackbaud provides support to address any issues that arise during the transition.
Customization
Blackbaud Financial Edge NXT can be customized to fit specific business needs. This includes:
Customized Budgets: Users can create customized budgets tailored to their organization's specific needs at various levels (organization, department, program, or project).
Integration Capabilities: Financial Edge NXT can integrate with other software solutions, enhancing its functionality and allowing for a more streamlined workflow
Custom Reports and Dashboards: Organizations can create custom reports and dashboards to monitor financial performance and make data-driven decisions
Setup Fees: Initial setup and configuration may incur additional costs.
Training and Support: While basic support is included, advanced training sessions or premium support options may be available for an additional fee
Maintenance and Updates: Regular updates are included, but major upgrades or custom development work may require additional investment
Online Training: Access to Blackbaud University for online courses and resources
Instructor-Led Training: Options for both on-site and online instructor-led training sessions tailored to organizational needs
Support: Comprehensive support through email, phone, and an online knowledge base
Data Encryption: Ensuring data is encrypted both in transit and at rest
Compliance and Certifications: Meeting rigorous international security and privacy standards, including PCI DSS and SOC 2 audits
Regular Security Updates: Continuous monitoring and regular updates to address potential security vulnerabilities
Blackbaud releases updates to Financial Edge NXT regularly, with major updates typically announced in advance. Users are informed of upcoming features and changes through product update briefings and community posts
The updates aim to enhance functionality, improve security, and address user feedback.
Blackbaud's policies ensure that customers retain ownership of their data. Customers can request data exports and have the right to port their data if they choose to transition to another system. Blackbaud's commitment to data protection and privacy is outlined in their privacy policies
Financial Edge NXT offers flexibility to scale up or down based on organizational needs. Contract terms, including renewal and cancellation policies, are detailed in the agreements with Blackbaud. Customers are encouraged to discuss their specific needs with Blackbaud representatives to understand the terms related to scaling and contract adjustments.
Renewal Notification and Automatic Renewal:
Contracts automatically renew for consecutive one-year terms unless the client notifies Blackbaud in writing of their desire to cancel at least forty-five (45) days prior to the start of the upcoming renewal term
Cancellation Window:
To avoid automatic renewal and associated charges, clients must submit a cancellation request in writing to Blackbaud at least forty-five (45) days before the renewal date
Renewal Term Length:
While the standard renewal term is typically one year, there are options for longer terms, such as a three-year term, which might offer different pricing adjustments and conditions
Notification of Renewal Terms:
Clients are typically notified of the renewal terms and any changes to the subscription pricing or conditions at least sixty (60) days prior to the renewal date. This advance notice includes pro forma invoices for upcoming subscription renewals
Fees Upon Cancellation After Renewal Window:
If a cancellation notice is received after the 45-day window but before the renewal term begins, clients are generally required to pay the fees for the entire upcoming renewal term
End-of-Contract Data Extraction:
At the end of a contract, if not renewed, clients may need to pay additional costs for data extraction services to ensure they retain all necessary data housed in the Blackbaud system
Adjustments in Renewal Fees:
Renewal fees or subscription pricing for renewal terms are subject to reasonable adjustments, which are typically communicated to the client prior to the renewal date
Blackbaud Financial Edge NXT complies with various industry standards to ensure data security and privacy. This includes adherence to GDPR for European customers and PCI DSS for payment processing security. Blackbaud's commitment to compliance is reflected in their detailed security and privacy policies