Brochure FE General

8/8/2019 Brochure FE General

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The Financial Edge™ comprehensive nancial management solution

Solution Overvie



Making smart nancial decisions or your nonprot is more dicult and critical than

ever. Do you have the tools you need to ensure that your organization’s mission will

be carried out in the coming months, years and decades?

The reality is that today’s economic climate poses tough new challenges or

nonprots. The organizations with sustained growth are those with leaders who

have adopted a business-oriented approach toward managing organizational

nances. With increased competition or revenue and unding sources, and

dwindling numbers o volunteers, members and clients, nonprots o all sizes ndthat they must dierentiate themselves rom the thousands o other organizations

competing or their donors’ dollars. As a result, successul nonprots have adopted

a more aggressive approach toward nancial management.

The Financial Edge™ by Blackbaud gives you the power and versatility you need

to make smart strategic decisions. Capable o standing alone or ully integrating

with The Raiser’s Edge®, our undraising solution, The Financial Edge is the only

nancial management solution you can trust to take your accounting data to the

next level. The Financial Edge provides strategic and analytical tools to:

Help you maintain the highest level o accountability

Save time and money by streamlining your daily organizational operations

Gain the nancial insight you need to make the strategic decisions that keep

you growing

“With its integration into undraising and executive decision support

systems, The Financial Edge is a rst-rate accounting solution that

was created or, and has served well, the nonprot sector.”— Accounting Today

fnancial management or nonprot organizations



The Financial Edge transorms traditional accounting data into decision-making power. It is

the only accounting solution that helps nonprot proessionals make smart strategic decisions,

achieve the highest level o scal transparency and accountability, and evaluate the perormance

o every initiative or department in real-time with virtually a click o the mouse.

The Financial Edge gives you all the inormation you need to make the best nancial decisions

or today and tomorrow. Think o it as insurance or your organization’s uture.

maintain the highest level o accountability

Nonprots pledge to be aithul stewards o public unds; thereore, they have an obligation to

continually strive or excellence in nancial management, which means ensuring compliance with

complex accounting regulations. As a nonprot organization, you need proo — hard evidence

— that your resources are being used to deliver on your mission.

With The Financial Edge, you can:

Share timely, accurate inormation with key stakeholders (such as internal management,

unders and the Board)

Ensure donated unds are accounted or and protected

Quickly respond to your auditor’s requests or supporting detail

Veriy to donors that gits were used as intended

Produce easy-to-understand, presentation-quality reports and analyses

save time and money by streamlining organizationaloperations

In response to increasing competition or unding and demand or services, nonprot managers

are turning their attention toward improving daily processes to improve productivity and reduce

operating costs. To meet this challenge, managers must turn to cutting-edge technology orprocess automation and data consolidation.


Shave hours, days or months o your reporting cycle by easily consolidating data rom

disparate databases or locations

Quickly create reports within the system rather than trying to manipulate data on external

spreadsheets

Enhance productivity and reduce input errors by automating transaction entry

Provide a clear audit trail, making it easier or your auditor to veriy your nancial statements

introducing The Financial Edge™ the only solution you’ll ever need or smart nancial management

“The Financial Edge diers

rom the majority o nonprot

accounting solutions in its ocuon management support than

on transaction management.

That is, it contains all o the

standard modules o a robust,

mid-priced accounting system

(general ledger, AP, AR, payrol

cash management, xed

asset management, pointo sale support and orms

generation), but is oriented

toward helping the managers

o nonprot organizations ma

better decisions, evaluate the

perormance o any sector o

the organization, and provide

or accountability o programsprojects and budgets.”

— Accounting To



gain nancial insight

Your best deense against a mounting variety o challenges is to develop a solid, growing

nancial oundation. Unortunately, many nonprots simply cannot get a clear picture o

their organization’s overall scal health because the accounting sotware they currently use

lacks predictive reporting eatures and unctionality. Managers oten have no access to real-

time budget status, requently resulting in gross misallocation o unds. Overspending and

noncompliance with governmental reporting requirements are inevitable and indicative o a much

larger problem: gradual decay o the organization’s nancial health.

With The Financial Edge™, you can:

Gain insight into critical data with just a glance at The Financial Edge’s Dashboard, an

on-screen tool including panels o summaries, lists and graphs that eciently compares and

analyzes your data to give you a snapshot o your organization’s nancial status

Fine-tune your nancial strategy based on current inormation on cash fow and accounts

Forecast accurately and gauge trends

Sharpen your managerial ocus by monitoring goals versus actual perormance

Give sta and board members insightul inormation — beore they ask or it

the big picture: what The Financial Edge can do or you

The Financial Edge is designed to meet one ultimate goal — to help you achieve the kind o

growth you need to ensure a sound nancial uture. It guides your strategic planning and arms

you with the knowledge you need to make the best decisions or your organization. Strategic

accounting is the key to your long-term security, and The Financial Edge is your vehicle.


Forecast and budget with both internal and external reporting support and strong

internal controls

Make smart nancial decisions with up-to-the-minute snapshots o cash fow position,

payments due, etc.

Increase accountability and eciency with instant, real-time details on program status

Instantly veriy to donors how gits are spent and determine how unds are divided

among programs Improve reporting accuracy and eciency by producing FAS 117 reports directly rom the

system, eliminating margin or error rom exporting data to spreadsheets

Customize with business rules, reports and orms

Process collections easily and eciently

Our organization needed a

way to pull accurate reports

on a consistent basis. With our

old system, we could only pull

eports once a month, and evenhat required days o labor.

Now that we use The Financial

dge, I can send out reports

daily and keep twenty o our

most important stakeholders

normed.”

— Dorothy Hammond,

Director o Treasury Operations,US Naval Academy Alumni

Association and Foundation



invest in your uture

Empower your sta with the inormation they need to make smart decisions

immediately — without waiting or outdated reports or having to depend on

inaccurate inormation rom multiple databases.

Backed by Blackbaud, the leading global provider o sotware and services

designed specically or nonprots, The Financial Edge™ is the one

accounting solution you can trust to help you make smart nancial decisions

and protect your organization or years to come.

Track and Report at the Project

Level with The Financial Edge’s

Project, Grant & Endowment

Management™

Separate and report on activity or

various projects, special events,

endowments, exhibitions, scholarships,

investments and other entities without

exploding the number o accounts in

your system

Ensure accountability by tracking grants

and projects on a level separate rom

your chart o accounts

Easily create reports at the project level to

satisy your board members, auditors and

donors within minutes

Monitor Initiatives withDashboard

Drill down into system records rom any

panel on the dashboard

Individually monitor activities and tasks

most important to your job unction

Use the query panel to report on

organization-specic measurements

Track and instantly view critical nancial

ratios

Make Your Budget a Strategic

Planning Tool

Perorm salary and benets budgeting on

a per employee basis

Allocate salary expense on a percentage

basis or employees shared across

programs or grants

View line item budgeting details

Prepare your budget using parameters

and costs that “drive” your organization

Publish budget guidelines and

assumptions to personnel with budget

responsibility

Take Advantage o Intuitive

Navigation

Enjoy the same Web look and eel as

The Raiser’s Edge®

Customize your home page with

reminders and requently-used reports

and records

Create avorites and olders, as well as

Outlook-style task bars

Work easily with let-pane navigation

and clean data presentation organized

into Dashboard panels

Enjoy Enhanced Integration w

The Raiser’s Edge

Reduce duplicate data entry

Stop importing les — The Raiser’s

Edge pushes nancial inormation

directly to an open Financial Edge jo

entry batch

Link git records in The Raiser’s Edg

to account balances in The Financia

Edge or a tight audit trail and simp

straightorward reconciliation

Access revenue and expense allocati

inormation or a und in The Raise

Edge

Streamline Your Chart o

Accounts

The Financial Edge reduces the nuo accounts necessary or even the m

complex organizations

Track transactions by net asset class

Employ up to ve transaction codes

Prepare reports in multiple ormats w

the visual chart organizer

key benets to help ensure your success



implement with expert help every step o the way

Consulting Services:

Our expert consulting team leverages technology and nonprot expertise to ensure your success.

Services include business process and technical consulting across our product lines and within

all industries. From assessment and planning to program deployment and operation, our

consultants provide a smooth implementation process that enables you to receive maximum

value rom your technology investment.

Training and Education:

Learn how to get the most out o The Financial Edge™ at every level o your organization.

Once trained, your sta will have the skills necessary to execute strategic nancial management

methods with the best solution in the nonprot industry. Options or sotware training and

continuing education are endless at Blackbaud! Training options include:

Classroom training

Regional training

On-site training

The eLearning Library (24-hour online resource)

Instructor-led online training

Customer Support:

Our riendly, knowledgeable support team values lielong relationships with our clients. Through

education and support, we ocus on empowering our customers to use our sotware in a

manner that achieves the maximum benet to their organizations. Participants in any one o our

Blackbaud Advantage™ Custom Maintenance Plans have access to a wide range o resources,

including:

Fast, reliable customer support, accessible via Web, phone or email

Unlimited, around-the-clock access to sel-service resources

New sotware releases

Embedded help les, user guides, and weekly technical bulletins

User group meetings, Web orums and regional conerences

trust the worldwide leader

Approximately 19,000 nonprot organizations around the globe

depend on Blackbaud products and services or undraising,

nancial management, business intelligence, and school

administration. Blackbaud is the leader in providing sotware and

related services designed specically or nonprots.

Founded in 1981 and headquartered in Charleston, South Carolina,

Blackbaud also has operations in Canada, the United Kingdom and

Australia.

We looked at a lot o dierent

ccounting systems, and The

inancial Edge ts our nonprot

und accounting needs the best.

We’re very happy, and it’s all

been so easy! In addition to the

great sotware, Blackbaud’s sta

members — the consultants,

upport people, trainers, everyone

— have all impressed us by being

o responsive to our needs. We

haven’t been disappointed in any

rea by anybody we’ve worked

with.”

— Russ Meekins, Director o Finance,

University o South Carolina

Foundation



Contact us today to schedule a solution demonstration or to learn more about

The Financial Edge™: http://fnancialedge.blackbaud.com

Our nancial experts are ready to assist you.

additional blackbaud solutions

The ollowing solutions seamlessly integrate with The Financial Edge™ to meet

all o your needs:

The Raiser’s Edge®: Complete undraising solution that helps you communicate with your

constituents and make better decisions through segmentation, analysis, and powerul reporting

capabilities.

The Inormation Edge™: The rst business intelligence and direct marketing tool designed

exclusively or nonprots. Powers insightul decision-making by providing a comprehensive view

o your entire organization’s activities.

The Education Edge™: Complete sotware solution or independent and charter schools that

links student inormation across all school oces. Oers applications or secure parental access to

grades, registrar’s and admissions oces, store managers and aculty grading.

Blackbaud Analytics™: Transorms data into results with ProspectPoint™ predictive donor

modeling and WealthPoint™ wealth identication services.

Data Enrichment Services: Data cleansing and append services that strengthen your

Raiser’s Edge data to enhance your undraising eorts.

Blackbaud® NetCommunity™: A complete Web site management solution oering the

only true integration with The Raiser’s Edge, enables your organization to build stronger

relationships by creating a personalized online experience or your constituents, resulting in an

expanded and loyal network o support.

The Financial Edge: options overviewAccounting Forms™

Accounts Payable™

Accounting Queue™ or

Automating Tasks

Accounts Receivable™

Advanced Budget Management™Advanced Security™

Allocation Management™

Budget Management™

Cash Management™

Cash Receipts™

Consolidation Management™

Customization Tools: VBA and API

Electronic Funds Transer™ (EFT)

eRequisitions™Fixed Assets™

General Ledger™

PaperSave®

Payroll™

Point o Sale™

Project, Grant and Endowment

Management™

Purchase Orders™

School Store Manager™Student Billing™



2007, Blackbaud Inc.

his solution overview is or inormational purposes only. Blackbaud makes no warranties, expressed or implied, in this

mmary. The inormation contained in this document represents the current view o Blackbaud, Inc., on the items

scussed as o the date o this publication.

l Blackbaud product names appearing herein are trademarks or registered trademarks o Blackbaud, Inc.

get started todayo learn more about The Financial Edge™, visit

ttp://nancialedge.blackbaud.com or contact your

lackbaud account representative.

© Blackbaud, Inc.

000 Daniel Island Drive

harleston, SC 29492

oll-ree: 800.443.9441

mail: [email protected]

www.blackbaud.com

about BlackbaudBlackbaud is the leading global provider o sotw

and services designed specically or nonprot

organizations, enabling them to improve operatio

eciency, build strong relationships, and raise mo

money to support their missions. Approximately

19,000 organizations use one or more o Blackba

products and services or undraising, constituen

relationship management, nancial management

direct marketing, school administration, ticketing

business intelligence, website management, pros

research, consulting, and analytics. Since 1981,

Blackbaud’s sole ocus and expertise has been

partnering with nonprots and providing them th

solutions they need to make a dierence in their

local communities and worldwide. Headquartere

the United States, Blackbaud also has operations

Canada, the United Kingdom, and Australia.

Documents

Brochure FE General