The Financial Edge Review

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Last updated: Sep 07, 2020

The Financial Edge Review

ITQlick rating
(4.2/5)

Starting from $299 per user/month

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 functionalit...

  • Categories (4/19):

    • Fixed Asset Management
    • Recurring Billing
    • Billing & Invoicing
    • Budgeting & CPM

Shlomi Lavi / updated: Sep 07, 2020

What is The Financial Edge Used For?

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.

Average Rating -

The rating of The Financial Edge is 4.2 stars out of 5. The rating is based on ITQlick expert review.

Typical Customers

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.

Features

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.

The Financial Edge 5 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.

The Financial Edge 2 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.

Competitors & Alternatives

Some of the major competitors for the Financial Edge are Aplos Nonprofit Accounting Software and Fund E-Z Fund Accounting.

Aplos Nonprofit Accounting software is a cloud based fund accounting solution. It includes core accounting features such as general ledger, payables & receivables as well as bank reconciliation. Additionally there is support for budgeting, fraud controls to maintain transparency, as well as tax management and filing. The product can also manage both onetime & recurring donations and provides financial reporting options for donor analysis as well as financial performance monitoring.

The Financial Edge in comparison is offered as both an on premise as well as cloud based solution which also addresses similar fund accounting requirements for non profits. However it also supports grants and endowment funding, with options for fixed assets accounting, employee payroll, and APIs for integration with third party applications.

Then there is Fund E-Z Fund Accounting which is available as an on premise solution. It includes the core accounting features present in the Financial Edge, but also supports product billing, loan management as well as financial allocations. There are also financial dashboards to monitor key performance indicators with the option to customize the financial processes to meet specific business requirements.

The Financial Edge on the other utilizes the Visual Basic platform to handle product customization requirements, but provides options for electronic invoicing & purchasing unlike Fund E-Z Fund Accounting. Additionally the product provides advanced budgeting tools that include forecasting, planning and financial scenario modeling.

The Financial Edge Pricing Information

The cost of license starting from $299 per user/month. The experts at ITQlick has reviewed The Financial Edge pricing and gave the software a total cost of ownership (TCO) rating of 6.6 out of 10. Custom price cost for your business is available upon request.

Questions to ask the vendor during a demo

Schedule a demo and access 25 must ask questions for the vendor while watching The Financial Edge in action

The Financial Edge Categories

Fixed Asset Management
Recurring Billing
Billing & Invoicing
Budgeting & CPM
Core Accounting
Financial reporting
Fixed Asset Accounting
Fund Accounting
HR Accounting
Payroll Accounting
Project Accounting
Accounting Practice Management

Specifications

Company:
Address: 2000 Daniel Island Drive, Charleston, SC
Customers: Small business, Medium business, Large business
Business Area: Cross Business Areas
Platforms: Desktop, Mobile, Cloud
Operating Systems: Mac OS, Windows, Linux

The Financial Edge Features

Accounts Payable
Accounts Receivable
Audit Trail
Balance Sheet
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
E-commerce
Fund-Accounting
General-Ledger
Multi-Currency
P&L Statement
Project-Accounting
Sales Reporting
Time & Expense

The Financial Edge Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Hosting
Functionality score
Fit small business
Fit medium business
Fit large business
Software review
Compare
The
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
80/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6.6/10
License pricing license pricing (if provided by the software vendor)
$299 per user/month
Hosting
On premise and Cloud
Functionality score
34
Fit small business
Fit medium business
Fit large business
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Denali
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
93/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
2.6/10
License pricing license pricing (if provided by the software vendor)
$99 per month
Hosting
On premise and Cloud
Functionality score
16
Fit small business
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
92/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
6/10
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$12.50 per user/month
Hosting
Cloud
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3
Fit small business
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
92/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.2/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
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4
Fit small business
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ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick Score
92/100
Pricing score Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
7/10
License pricing license pricing (if provided by the software vendor)
$99 per license
Hosting
On premise
Functionality score
5
Fit small business
Fit medium business
Fit large business
Software review