The Financial Post

Hello and welcome to The Financial Post for November 2023!

• On the first Thursday of every month, we bring you the latest Blackbaud Financial Edge NXT® news on everything from current projects and initiatives to release information and much more!

If you haven’t had a chance to read last month’s edition of The Financial Post, you can check it out here.

In This Issue
This month's post features these topics:

• What’s New
• What’s Next
• Total Web Solution Journey
• Stay in the Know

What’s New
We recently released several new features in Financial Edge NXT web view!

Sort and print checks. You can now specify a sort order and direction when printing checks. For example, you may want to print checks for a specific vendor first, followed by other vendors. From the Edit payment run settings screen, select a sort order and direction.

As a reminder, you edit payment run settings in Treasury. From the menu of a bank account, select Process payments and specify Computer check. After you Show print settings, select to edit the payment run settings.

Import Invoices. To save you time around data entry, you can now import Payables invoices in web view.

NOTE: This first iteration will support adding invoice records through import. Look for the ability to add and edit invoice records in bulk, including 1099 distributions, in a future release.

Project distribution report. Under Reporting, you can now run the Project distribution report in web view. This report lists all debits and credits associated with each project in either detail or summary format.

Yodlee upgrade available. The Yodlee upgrade is now available for some of you to improve efficiency and your overall customer experience for bank and credit card feeds. This upgrade also improves security.

Flat amount line items. You can now add default flat amount line items (formerly miscellaneous line items), such as freight charges and local sales taxes, when you create purchase orders in Financial Edge NXT. We're releasing these updates in waves. Some of you already see these changes, and some will see these updates in an upcoming wave.

Fixed Assets Business Rules. You can now manage Asset business rules for Fixed Assets in web view. Business rules help you customize standard procedures and requirements. We're releasing these updates in waves. Some of you already see these changes, and some will see these updates in an upcoming wave.

Payables Business Rules.
You can now manage Payables business rules in web view. We're releasing these updates in waves. Some of you already see these changes, and some will see these updates in an upcoming wave.

What’s Next

We are currently working on several features and enhancements for Financial Edge NXT web view. Here are some of the updates you will see in upcoming releases:

Fixed Assets Business Rules — You will soon manage all Fixed Assets business rules in web view. Business rules help you customize standard procedures and requirements.

Treasury — We’re introducing updates to Treasury's deposits and Miscellaneous (Misc.) Payments in Financial Edge NXT in the coming weeks. Misc. Payments replaces Cash Receipts in the database view, so you'll no longer have access to those records there. Bank accounts, credit card accounts, and Treasury reports are not impacted by these changes and customers with Accounts Receivable are not part of this release.

Bank Feed (Yodlee) — We are upgrading our Yodlee/Fastlink APIs in Financial Edge NXT to improve performance and offer a better user experience. This upgrade also supports open banking.

Receivables – Receivables will be offered as a read-only Preview. We'll monitor your feedback and make improvements as we prepare for general availability.

Total Web Solution Journey

As Blackbaud Financial Edge NXT shifts to a total web solution, we're moving the following features from database view exclusively to web view over the next several months:

General ledger (waves began April 12, 2023)

• General ledger processing page
• Visual chart organizer
• Administration
• Lock beginning balances
• Configuration
• General
• Account codes
• Fund configuration
• Transaction codes
• Business rules

Payables (Waves began July 11, 2023)

• Configuration
• General
• Terms
• Aging info
• Address
• Default accounts
• Payables processing page (waves began Aug. 17, 2023)

Treasury (Waves began July 20, 2023)

• Cash receipts processing page
• Cash receipts in database view are now called miscellaneous (misc) payments in web view.

Fixed assets (Waves began Aug. 17, 2023)

• Fixed assets processing page
• Asset classes and depreciation years (Waves begin Nov. 8, 2023)
• Default accounts (Waves begin Nov. 20, 2023)
• Asset records (Waves begin Nov. 20, 2023)
• Transaction records (Waves begin Nov. 20, 2023)
• Business rules (Waves begin Dec. 4, 2023)

Common processes

• Administration
• View system statistics
• Post
• Set up system security
• Validate database
• Configuration
• Attributes (Custom fields in web view)
• Fields (System fields in web view)
• Tables
• Interfunds
• Distributions

Since we release in waves, you may receive the updates immediately or in a future release. To track details and timelines, bookmark the Total Web Solution page.

NOTE: To keep you informed of upcoming changes, we will periodically display a Review total web solution features screen when you log in to Financial Edge NXT listing upcoming features that are moving to web view.

Stay in the Know

Thirsty for more Financial Edge NXT knowledge? Here are some of the best ways to learn more about what's coming:

• Community Announcements. The Community is a great way to stay informed. Subscribe to Financial Edge NXT Community Announcements by clicking on the "Subscribe" link at the top of this blog. You can then select how often you want to receive update notifications.
• Release Updates. Check out What's Recent, What's New, and What's Next to get all the details on prior, current, and future releases. To help keep you up to date on the most recent developments, What's New automatically opens when you log in to the web view.
• In-Product Help. Help documentation throughout Financial Edge NXT is context-sensitive. So, no matter where you are in the solution, you can click the bright green question mark at the top right of your screen to get help for that feature.
• Product Update Briefings (PUB). Make sure to register for the upcoming Financial Edge NXT PUB on November 16th, 1 pm ET, to hear from our product management team directly on the latest and upcoming development for Financial Edge NXT! Whether you’re interested in upgrades to accounts payable, ability to set permissions and roles in webview, bank and credit card feed improvements, everything-in-one-place grant tiles, or what’s to come in 2024, like full availability of webview, recurring journal entries, or queries, you don’t want to miss this session. And don’t worry if you can’t attend live, just register and you’ll get a copy of the recording in your inbox! See you there!

We hope you'll stop by to check out next month's issue!