Credit Card Processes

Carly McCulloch

Hi everyone! MY name is Carly, and I started a new position in November. With this position is the goal to become as automated as possible within Financial Edge NXT. MY current background knowledge is in NetSuite and Deltek, so Blackbaud's Financial Edge NXT is new to me. I was hoping to learn how others process their company credit cards. Do you currently have the credit cards synced within Financial Edge and process through an invoice? Do you wait for the credit card statement to come in and create a payable? I appreciate ANY and ALL comments back and hope to gain insight from others!

Yvonne Wagner

@Carly McCulloch
Hi Carly,

We use Regions Bank as our Credit Card Merchant. They provide a direct feed into the credit card module. The feed is refreshed daily and the distribution codes are entered for each charge by the clerk; it is very seamless.

Carly McCulloch

@Yvonne Wagner oh wow. This seems great. How does this process look like when it comes to paying the credit card statement when due? Do you use the credit card module in Financial Edge?

Roberta A Gilbert

@Carly McCulloch We also have our credit card feeds from the bank linked into Fin. Edge. We can expense each charge on the monthly statements from within Financial Edge without having to create invoices for them. This was a bumpy road for a while, but it works quite well now.