Your higher education foundation supports its alumni, athletic, research, and development initiatives by acquiring, distributing, and managing funds. To demonstrate accountability to stakeholders, you must be able to show that contributions were used as donors intended. Reliance on spreadsheets for accounting and reporting can lead to time-consuming processes, costly errors, and lack of transparency. Blackbaud Financial Edge NXT is made to manage the complex accounting and reporting requirements of higher education foundations while simplifying your daily experience.
Whether your organization manages a diverse revenue stream, is primarily grant-funded, or derives most of its revenue through fundraising efforts, Blackbaud Financial Edge NXT can help you streamline your financial management processes, so you can do more with your resources.
Are you a Blackbaud Financial Edge® 7 customer?
Blackbaud Financial Edge NXT simplifies fund accounting so you can work more efficiently and your organization can grow. And Blackbaud Financial Edge NXT is powered by Blackbaud SKY®—the only cloud built to power social good. That means you take advantage of pre-integrated services, secure data, and rapid updates…built in and automatic. What could be simpler?
In this webinar, you’ll see how Blackbaud Financial Edge NXT can help you:
Join us to find out how moving to Blackbaud Financial Edge NXT can simplify your everyday.
Disbursements to your account will be made every business day, excluding bank holidays.
More details, including a sample disbursement calendar, are located in the Disbursement Information tab under General Settings from within the Blackbaud Merchant Services Web Portal.
As a reminder, Blackbaud will both deposit funds and debit your bank account for the full amount of any negative or debit balances (including any chargebacks and reversals). Failure of an attempted debit will place all payouts on hold so be sure your bank allows both deposits and debits from these merchant ACH IDs.
Credit Card Updater
Using Credit Card Updater, you can minimize disruptions in monthly revenue. Your first updates will be received in 6-8 weeks, following our security and registration processes, and monthly thereafter.
Credit Card Updater is available in the following Blackbaud solutions. To ensure that it is properly configured and you can begin receiving updates, please review the documentation below:
If you are already using Credit Card Updater, you will no longer be charged the per-update rate/monthly minimum as those costs are now included with your new per-transaction rates.
Premium Fraud Management
If your organization is experiencing online credit card fraud, you can enable Premium Fraud Management to help mitigate it and then disable the service once resolved. To enable or disable the service, login to the Blackbaud Merchant Services Web Portal and select:
There is no additional fee charged for screening transactions.
With Blackbaud MobilePay, you can take payments on the go. Your organization is eligible to receive up to six free Blackbaud MobilePay readers. Additional readers may be purchased.
To order your readers, please complete the “Request Reader” form on our website.
Should you have any questions about these features, please join one of our upcoming product tours.
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“I especially like the transaction codes in the Project, Grant and Endowment Management module. We used to have two project numbers for every project, but we were able to cut that in half by using transaction codes. We’re now able to track values that we could never track before!”
—Kim Elliot, University of South Carolina Foundations