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OVERVIEW: Bank Feeds for Financial Edge NXT

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Financial Edge NXT ™ : Bank Feeds Has your finance team ever been under pressure to close the month but couldn't seem to get past bank reconciliation because of a few mismatched transactions? How much additional staff time did it require to resolve the errors in order to move forward? If you've ever been in this situation, then you know how stressful and disruptive it can be. Blackbaud is using cutting-edge technology to bring you bank feeds—now part of the core functionality of Financial Edge NXT—so you can simplify bank reconciliation and avoid month-end mayhem. Reduce the amount of tedious, manual data entry required each month. Bank feeds allow you to securely connect the online bank accounts of your financial institutions to the corresponding accounts in your Financial Edge NXT register. Once your accounts are linked, your bank transactions automatically download to Financial Edge NXT and are ready to review. Advanced algorithms automatically match transactions from your bank account directly to your bank register in Financial Edge NXT, delivering significant time savings to your organization. You can choose to automate matching or use a convenient side-by-side view to easily clear transactions. Identify and correct errors as you go, so data entry mistakes aren't left to impede end-of-month closing procedures. Overall, bank feeds make reconciliation quicker and more accurate. The result? You can free up existing staffing resources to spend more time on strategic items and less time on routine, manual tasks like reconciliation. Thousands of nonprofits trust Blackbaud to keep their financial data secure. Blackbaud is dedicated to protecting the financial information of its customers. Your existing bank-level security and authentication provide you with access to your online account information, so you can rest assured knowing your data is safe. And setup is a breeze! Simply log in to your bank account through Financial Edge NXT, and you're up and running. Learn More Key Benefits of Bank Feeds: • Gain peace of mind knowing that bank reconciliation won't hold up other closing items • Provide financial clarity to your staff members with accurate, up-to-date cash balances • Reduce the amount of simple entry errors to prevent end-of-month scrambles due to detailed investigations • Avoid needless costs such as overdraft penalties and bounced checks by ensuring your data matches the bank's in real-time 800.443.9441 December 2016

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