Raisers Edge is a cloud-based constituent relationship management (CRM) software tool developed by Blackbaud, used by nonprofit organizations, to assist in streamlining, managing, and strengthening their fundraising plans and activities. The Blackbaud Raisers Edge and the Blackbaud Raisers Edge NXT are apparently cut from the same cloth, as the latter is an upgraded version of the former. The Blackbaud Financial Edge NXT is also another solution developed and marketed by Blackbaud as fund accounting software for nonprofit organizations. With both tools, nonprofit organizations of various sizes can increase funding, and manage funds better as well. This article will cover all you need to know about the Raisers’ Edge NXT as well as Blackbaud Raiser’s Edge benefits and drawbacks to give an informative insight on the subject.
Raisers Edge Nxt
The Raiders Edge NXT is purposely built exclusively for fundraising. In order to serve the demands of small and medium nonprofit organizations, the Raisers Edge NXT cloud-based fundraising and donor relationship management software, combines functions for managing contacts, donors, databases, and automatic payments.
Its primary intention is to simplify data collection and reporting procedures, boost operational effectiveness, and offer insight into every phase of the constituent lifecycle, assisting users (in this case nonprofit organizations) in finding new supporters, keeping them engaged with the appropriate communications based on their individual preferences, and expanding their impact on a mission.
With the help of Raisers Edge NXT’s campaign management features, marketers can launch analytics-driven campaigns, gather online donations, launch crowdfunding campaigns, and track the success of those projects. The software’s donor management functionality additionally enables users to monitor and handle the performance of their portfolios and pipelines, track numerous touchpoints, assign tasks, identify significant contributors, and calculate the amount to ask for from them.
Their mobile application also supports a wide range of mobile OSes, ranging from iOS to Android, Windows Phone, and Blackberry, The Raisers Edge NXT provides interoperability and easier access for its users.
The Raiders Edge NXT can assist nonprofits in the following ways:
#1. Generate more Funds
It has been demonstrated that Raiser’s Edge NXT raises more money generally by increasing the number of donors and gifts, thereby making it simpler to donate by providing a number of giving opportunities such as adaptable online donation forms and a selection of payment methods. Nonprofits can grow their donations with;
- End-to-end gift management, including adaptable online donation forms
- AI-driven suggested asking ranges to increase donations from donors
- Discovery of potential donors with the highest donating capacity and willingness using prospect insights
- We create custom analytics to meet the specific targeting requirements of your organization.
#2. Optimizing your teams’ output
Use workflows and insights supported by a CRM designed for fundraising groups to locate and interact with supporters. Also, increase the effectiveness of your donor cultivation and stewardship initiatives and improve productivity by integrating your entire team into one system through
- Major Giving Work Center for management initiatives to successfully handle prospects
- Tools for outreach, dashboards, and annual fund workflows to increase your annual donation
- Event administration and follow-up services with registration fees, personalized participant data, and methods to convert attendees into supporters.
- Assessing your team’s performance and that of similar organizations.
- Mobile and web access to guarantee you and your teams’ access to data when needed.
#3. Form strong connections with your supporters.
The most significant resource for your nonprofit is its supporters. Treat them as such by using a multi-channel fundraising strategy that maximizes the most of each touchpoint, from mass engagement campaigns to high-touch major donations, using;
- Tools that automatically check your donation information to make sure it is up-to-date and accurate.
- Tracking interactions and relationships to give employees access to the most recent communications from constituents and to give them a comprehensive understanding of their community.
- Tracking proposals and managing the pipeline of projects to help with anticipated contribution revenue.
- Best-practice email marketing templates to improve responses.
- Repeated donation and pledge administration to assist with cash flow and expand a loyal donor base.
#4. Pursuing and achieving your goals
With the help of effective reporting, the Raisers Edge NXT enables you to eliminate any uncertainty while developing your fundraising strategy and, at the same time, feel secure while working with a reputable fundraising leader. Create and realize a ground-breaking vision for the future of your firm using;
- Portfolio management to increase awareness of all of your donation revenue streams.
- Effective online donation forms and reliable payment systems.
- PCI compliance is provided by Blackbaud.
- Dashboards and reports for the fundraising organization’s unprecedented insights and disclosure
- Fee-free Complete CoverTM for online donations and donor cover alternatives to optimize revenue from each donation
#5. Increased options and flexibility
Nonprofits, get the best of both worlds with Raisers Edge NXT: an assurance that only the industry’s top software can offer, as well as the freedom to operate however the team sees fit. Using Raisers Edge NXT, nonprofits can;
- Connect to common third-party programs, such as Gmail and Microsoft 365, to integrate their tech stack.
- Connect marketing, events, alumni outreach, and more with donors’ information to get a comprehensive understanding of these donors.
- Automate regular processes using the Microsoft® Power Platform to give staff more time to concentrate on building relationships.
Raisers Edge Nxt Features
#1. Donor Management
A donor database is one of the data management tools in Raiser’s Edge NXT. Creator contributor profiles, track key information, amend profiles, add remarks and responsibilities, and organize donors by shared attributes. Through an awareness of donor preferences and participation history, this feature aids organizations in developing deeper relationships with their donors.
Utilize built-in cultivation tools like smart recommendations to locate optimal move management plans, proposed asking sums, and backers. In addition, there are services for data enrichment, like a tool for finding lost email addresses. All this combined information ensures elaborate donor retention analytics.
#2. Fundraising and Campaign Management
The sophisticated fundraising tools of Raiser’s Edge NXT go beyond data management. Through the site, nonprofits may organize fundraising events and campaigns as well as handle online donations. They can also control the various donation methods that donors use, such as tributes, committed gifts, recurring gifts, and scheduled contributions. This CRM has built-in fundraising technologies that make the management of fundraising easier, such as automatic contribution data entry. Blackbaud Merchant Services handles automatic donation processing and securely keeps the data in your CRM. With the use of mobile applications, in-person donations can also be collected easily at live events, as can creating shareable social media fundraising pages to enable nonprofits to leverage the power of social media.
#3. Marketing Tools
The marketing tools on this platform can support effective physical and online campaigns. This incorporates the capability to design dynamic social media campaigns, direct mail campaigns, shareable online donation forms, and email campaigns. Nonprofits can be sure that they’re spreading the proper message via the right channel whenever they make use of integrated multichannel marketing strategies. Additionally, they can build concise reports on campaign performance to determine what drives supporters due to its presence in the CRM.
#4. Reporting and Analytics
Reporting and analytics tools in Raiser’s Edge NXT provide nonprofits with the ability to spot opportunities for development over time. They may monitor important nonprofit metrics like donor acquisition and retention as well as information for a variety of programming, including volunteer and member involvement. The software gathers information to provide advanced visual analytics capabilities and offers pre-existing or personalized reports via this feature.
#5. General Non-profit Operations
In general, the Raisers Edge NXT software was made to increase productivity. The application is accessible on almost any device, including desktops, tablets, and smartphones, thanks to its cloud-based architecture. This enables people to access information regardless of their location or position within a nonprofit. Raiser’s Edge assigns a variety of user-friendly dashboards and role-based views. It is also compatible with various other nonprofit tools and offers seamless integration as well as high-level security via industry-standard data encryption and scalability.
Blackbaud Financial Edge
Another software product created by Blackbaud that is tailored to meet the financial management requirements of nonprofit organizations is called Blackbaud Financial Edge. It is a budgeting, accounting, and financial management system, that aids organizations in controlling their financial activities.
Blackbaud Financial Edge NXT, a cloud-based fund accounting program, lowers the need for tedious tasks while fostering team transparency and ensuring security and compliance. Projects, grants, endowments, accounts payable and receivable, fixed assets, banking, and other features are all included in the fund accounting software.
Users can closely monitor revenue statements, program-to-expense ratios, funds available, and other important indicators thanks to a unique dashboard and customizable displays incorporated in the Blackbaud Financial Edge NXT. Real-time reporting, together with one-click drill-down functionality and export options, allows for timely data-driven decisions.
Users have access to grant and project accounting through the software, which enables efficient budget management and provides a means of effectively monitoring accounts and producing reports. Tax-exempt organizations can improve the accuracy and productivity of data entry by adopting Blackbaud Financial Edge NXT to lessen their reliance on manual operations.
Blackbaud delivers immense value to your nonprofit organization; from helping you save hours on reporting, to exceptional accountability and better decision-making. This fund accounting software can assist nonprofits in the following ways;
#1. Save time
Software that is customized to your needs, with simple workflows and routine chores that are automated, will save you precious time that can be channeled to more time-consuming areas. Nonprofits can:
- Take advantage of fund accounting that is specifically tailored to their needs rather than the annoying workarounds competitors demand for the complexity of charity financial administration.
- Automate bank and credit card reconciliation, thereby minimizing inconsistencies and expediting the closing process.
- Reduce the time required to compile, distribute, and consolidate reports and budget worksheets through automated budget and report generation.
- Customize expenditure reporting with automatic routing rules and budget checks.
- Reduce response time to ad hoc reporting requests, primarily due to view-only licensing.
#2. Increase accountability
Obtain the clarity and simplicity you require—from any location. The Financial Edge NXT’s cloud accounting platform enables organizations to individually record the finances for each limited fund. Nonprofits can:
- Preserve compliance by keeping track of tasks and due dates for each grant or fund.
- Establish and maintain budgets for every grant or limited fund to guarantee accurate reporting.
- To build a single source of truth that is available everywhere, organizations can store grants, contracts, and donor agreements together with other crucial paperwork in the system.
- Without running a report, you can also see the current financial condition and activity for each grant or fund.
#3. Align your team
Make decisions more quickly. Eliminate misunderstanding. Ensure that all of your stakeholders have access to exactly the same data and reports. These functions help nonprofits achieve this;
- System records make access to accurate, up-to-date financial information simple for stakeholders for each grant, restricted fund, project, or program.
- A unique Visual Chart Organizer, which offers flexible report presentation alternatives that make it easier to comply with external funder reporting requirements.
- Dashboards that give simple-to-understand graphical illustrations of financial performance.
- Insight Designer, which helps you create your own custom presentation of crucial financial information.
#4. Maintain compliance and aggressively pursue your objectives.
Raisers Financial Edge aims to lift the burden of dealing with the various complexities involved in nonprofit financial management. Raisers Financial Edge can;
- Implement spending policies, keep an eye on budgets, restrict access, and separate responsibilities to ensure compliance throughout your firm.
- Get reliable audit trails to protect your data’s integrity and simplify your procedure.
- Manage each limited money or gift individually without running several reports.
- Utilize cutting-edge security to limit access to and visibility of financial data, all from a user-friendly interface that is accessible whenever and anywhere.
Blackbaud Raisers Edge Benefits
The Blackbaud Raisers Edge has the following benefits or pros:
- Mobile Access: It is very mobile-friendly and relatively easy to for users operate and interact with the mobile interface on the go once they’ve gotten a hang of it.
- Robust tools: The Raisers Edge NXT has tools to manage all the major tasks and functions required by nonprofits from donor stewardship to marketing, all stacked up in one single software, so organizations can manage their efforts from one software.
- Significant Function: The main function of the Raisers Edge NXT is to provide instant value to nonprofits. It also offers customization to meet the specific needs of specific nonprofits.
- Operational Efficiency: Raisers Edge NXT was developed to improve nonprofits’ internal processes. All members of the organization can access it because it is a cloud-based solution, regardless of their location, availability, or device.
Blackbaud Raiser’s Edge Drawbacks
Some drawbacks may include:
- It is sometimes considered too complicated or has too many functions for most small or moderate-sized organizations.
- For new users, the learning curve is quite steep and cumbersome, and the interface may seem quite complex and less intuitive.
- The initial costs for setup and subscriptions can be quite expensive for small organizations on a limited budget.
What is CRM vs. digital CRM?
CRM means customer relationship management and Digital CRM means maintaining the customer relationship through a Digital medium or internet communication channels.
How do I get started with Raisers Edge?
To begin with Raisers Edge, create a Blackbaud ID and then sign up for a Raisers NXT account.
What is Raiser’s Edge?
In short, Raiser’s Edge is a cloud-based software program for fundraising and relationship management, specifically designed for nonprofits.
Conclusion
The Raisers Edge NXT by Blackbaud is an all-in-one nonprofit solution designed to assist effectively in managing fundraising efforts and overall operations carried out by nonprofits. The Blackbaud Financial Edge NXT, on the other hand, is an accounting, and financial management system, that aids organizations in controlling their financial activities. They are both cloud-based, enabling worldwide accessibility and interconnectivity, and can be customized to the specifics and strategies of the particular nonprofit implementing them.
