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OVERVIEW: Blackbaud Financial Edge NXT Expense Management + Purchase Cards

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January 2019 1 800.443.9441 | | Managing Expenses in Blackbaud Financial Edge NXT ® To maintain compliance with funding requirements, nonprofits need to carefully track and monitor spending. Submitting, reviewing, and approving reimbursement and invoice requests can be a burdensome and time-consuming process, creating a bottleneck that can lead to late vendor payments and added costs. Benefits to Your Organization Maintain a complete audit trail and get a holistic view of spending at your organization Reinforce your spend policies and gain more control of organization- wide spending Give non-financial users access to record and submit their own expenses directly in the system Simplify reconciliation with real-time visibility into employee spending With Blackbaud Financial Edge NXT, you can streamline your entire expense management process with automation tools and gain better visibility into spending at your organization. Credit Card Management Typically, the finance department has to wait until credit card statements arrive each month to enter transactions. Or—even worse—enter invoices with placeholder distributions that must be retroactively updated with statement amounts. But with Credit Card Management in Blackbaud Financial Edge NXT, you can eliminate duplicative data entry and the end-of-month wait. Track credit card charges, credits, and payments throughout the month by securely linking your organizations' credit card institutions directly to your accounting system—providing timely reporting and simplifying reconciliation. Credit Card Feeds With Credit Card Feeds, transactions are pulled into Blackbaud Financial Edge NXT as soon as they're available online, so you can maintain accurate, up-to-date account balances. Create invoices instantly as you pull in transactions from your feed, instead of importing or manually entering charges.

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