Morehead State University Foundation Adopts Blackbaud Financial Edge NXT® to Deliver Greater Efficiency and Data Confidence
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The integration of Blackbaud's Financial Edge NXT with Raiser's Edge NXT at Morehead State University Foundation represents a strategic move to streamline operations and enhance financial management. From a financial perspective, the adoption of integrated solutions can lead to cost reduction through increased efficiency and the elimination of redundant processes. This integration may also result in more accurate financial reporting, which is crucial for non-profit organizations that must maintain transparency with donors and stakeholders.
Furthermore, the ability to generate comprehensive reports rapidly allows the foundation to reallocate resources towards growth-oriented activities, potentially leading to an increase in fundraising capabilities. This strategic investment in technology can be seen as a positive indicator of the foundation's commitment to operational excellence and could enhance donor confidence, potentially affecting future donations and grants.
The integration case at MSU Foundation could serve as a testament to Blackbaud's product efficacy and customer satisfaction, which is essential information for current and potential investors. Blackbaud's ability to provide solutions that meet the specific needs of its clients can be a significant competitive advantage in the software market for social impact organizations.
Moreover, as organizations increasingly seek to optimize their operations through technology, Blackbaud's successful integration at MSU Foundation may lead to increased market demand for their products. This could potentially translate into revenue growth for Blackbaud, as well as an enhanced reputation as a provider of comprehensive and efficient software solutions for the non-profit sector.
The technical implications of integrating two complex software systems like Blackbaud's Financial Edge NXT and Raiser's Edge NXT are significant. The integration is designed to enhance data integrity and reduce the risk of human error in financial and fundraising operations. This is particularly important for non-profits, where resources are often limited and efficiency is paramount.
The ability to run comprehensive reports while working in other areas of the software illustrates a user-friendly approach to design, which can be a critical factor in user adoption and overall satisfaction. This ease of use and flexibility can lead to a more agile organization, capable of responding quickly to changing financial scenarios and reporting requirements.
Integration Between Blackbaud Products Enables MSU to Integrate Their Fundraising and Accounting Software
The Morehead State University (MSU) Foundation fundraises and invests funds to support college students and works with the Office of Alumni Relations and Development to ensure students have the best experience. As a long-time Raiser's Edge NXT customer, MSU's leadership chose to also adopt Financial Edge NXT to integrate their fundraising and accounting software to greatly improve efficiencies for both offices.
"Compared to all other accounting software, Financial Edge NXT was the clear choice for us," said Sharon Fraley, Director of Finance. "Integrating it with Raiser's Edge NXT created efficiencies we otherwise would not have realized, such as eliminating duplicative data entries and automating manual processes, and it gives us more confidence in the data."
Like most organizations, transparency across departments and with donors is very important to MSU Foundation. With Financial Edge NXT integrated with Raiser's Edge NXT, the advancement team has access to crucial donor fund information and can easily build reports directly within the solution.
"The integrated software helps the advancement team better steward donors," said Fraley. "We're more confident in the data between the two solutions. And because we're running and operating efficiently, other departments and teams are able to operate more efficiently as well."
With Financial Edge NXT, organizations can easily build reports directly within the solution. Previously, the foundation relied on manual processes and external spreadsheets, and had the burden of cleaning up the data because it wasn't ready for exporting or visual reporting. Another benefit of Financial Edge NXT is having the ability to work in other areas of the solution while simultaneously running comprehensive reports. That includes making financial statements for multiple projects. As a result, the MSU Foundation can spend more time funding and growing their programs and less time managing reports.
"Using the reporting functionality has saved us so much time because once you export the data, it looks exactly as you want it to," said Fraley. "It used to take an entire day to produce a report, but now with Financial Edge NXT, it only takes me seconds."
Learn more about Blackbaud Financial Edge NXT here and find more Blackbaud customer stories here.
About Blackbaud
Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud's essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over
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Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.
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