Financial Edge NXT

Higher Education Foundation Case Study

Introduction

Within the dynamic environment of nonprofit foundations that manage large numbers of funds (sometimes called projects), successful accountants have found that automation is the key to overcoming common productivity challenges. Frequent interruptions...

Leading controllers within higher education foundations have a clear understanding of the challenges associated with manual financial reporting processes. Managing extensive volumes of monthly reports traditionally involves considerable...

In today’s higher education landscape, successful Chief Financial Officers at leading foundations recognize that timely, accurate financial data is critical to strategic decision-making. Rather than relying on outdated monthly reporting cycles,...

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Throughout most weeks, I communicate with members of various development and advancement teams. We discuss their data and strategies to maximize its potential. There are two recurring issues that I commonly encounter.

The most successful organizations of any type these days tend to be data-driven. However, to make decisions based on data, you need reliable, current, easy-to-consume data so that all of your stakeholders can be on the same page. An automated...

Any organization using the projects feature in Blackbaud’s Financial Edge software is familiar with the standard Financial Edge NXT Project Activity Report and its importance. The Project Activity Report gives users with responsibility for one or...

AI can analyze data at speeds exponentially faster than human analysts. Integrating AI for data analysis helps organizations embrace a data-driven decision-making culture, which can increase revenue, enhance operational efficiency, and provide swift...