The Financial Edge Review - why 4.2 stars?

Shlomi Lavi / updated: Oct 04, 2022

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What is The Financial Edge?

Financial Edge is an accounting system best suited for nonprofits and government agencies. This program has an effective solution for grant management. With the user-friendly interface and specific functionalities, all the accounting issues are handled in a timely manner and all postings are done to the relevant accounts. With the robust reporting feature, Financial Edge allows users to be able get reports from various departments and take the relevant action. Financial Edge is a product developed by Blackbaud with nonprofits in mind so as to enhance transparency.

Who is it best for?

Financial Edge is ideal software for nonprofits, government agencies, educational institutions and any other type of organization that receives funding from multiple sources. Financial Edge is very easy to use yet very powerful in its delivery. All nonprofits from the small ones to the large organizations can use this software to address their management and reporting needs. There are special modules that help in donor and grant management. The program is very easy to navigate with a simple drop-down menu that displays all the available functions.

Main features and functionalities

Financial Edge can help any business to be able to keep track of the financial activities. The large selection of modules makes it quite easy to handle financial management matters in a company. Some of the common features include payroll, fixed assets summary, billing, invoicing, accounts payables and receivables and much more. With grant management feature, organizations are able to keep track of donations and grants and report them accurately and in detailed reports.

What is the actual cost?

The cost of license starts at $299 per user/month. ITQlick pricing score is 6.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for The Financial Edge. You can also find here pricing information from The Financial Edge's website.

Pros

• Financial Edge has unique and exceptional budget management tools.
• There are so many add-ons and complementary modules that can be used with Financial Edge.
• With Financial Edge, you can create your preferred dashboards without any restrictions.
• Financial Edge is integrates solidly with other important applications like The Education Edge and The Raiser’s Edge.
• Financial Edge offer flexible reporting and scalable features that can be configured to suit any nonprofit organization.

Cons

• The ownership cost of Financial Edge may be a great hindrance for smaller organizations.
• The data setup process of Financial Edge is quite lengthy.
• The complexity of the Financial Edge setup will require some technical know-how.

How it stacks up?

Access a head to head analysis of The Financial Edge vs alternative software solutions.

Frequently Asked Questions (FAQs)