What users are saying about
14 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
618 Ratings
14 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.2 out of 101

MIP Fund Accounting

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener noreferrer'>Customer Verified: Read more.</a>
Top Rated
618 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.1 out of 101

Likelihood to Recommend

Abacus

Abacus has been great for our small startup of 37 employees, it has grown with our team since we were very small. Since we have not experienced it as a bigger company, I am not sure what the scalability would be like. If you're looking for a site with a cleaner look that is easy to use, Abacus is it. I haven't had to reach out to customer service yet because I haven't had any issues. If that isn't proof positive of how easy it is to use, I don't know what is!
Jennifer Paxton profile photo

MIP Fund Accounting

Well-suited for basic accounting, I would give it an 8. Drill-down would be nice on the general ledger to be able to look at the original entry. Maintaining the year codes and distribution codes is much too involved-this needs to be streamlined. Would be nice to be able to update information on encumbrances and purchase orders prior payment. The accounts receivable module is a bit of a nightmare-we don't use the invoicing function as it is too involved for our company. While the Accounting function deserves and 8, I would only give the payroll function about a 4.5-sorry.
Eris Tanner profile photo

Feature Rating Comparison

Payroll Management

Abacus
MIP Fund Accounting
7.4
Pay calculation
Abacus
MIP Fund Accounting
8.8
Benefit plan administration
Abacus
MIP Fund Accounting
6.6
Direct deposit files
Abacus
MIP Fund Accounting
8.5
Salary revision and increment management
Abacus
MIP Fund Accounting
7.0
Reimbursement management
Abacus
MIP Fund Accounting
6.4

Customization

Abacus
MIP Fund Accounting
8.5
API for custom integration
Abacus
MIP Fund Accounting
8.4
Plug-ins
Abacus
MIP Fund Accounting
8.6

Security

Abacus
MIP Fund Accounting
8.7
Single sign-on capability
Abacus
MIP Fund Accounting
8.7
Role-based user permissions
Abacus
MIP Fund Accounting
8.8

Reporting & Analytics

Abacus
MIP Fund Accounting
7.6
Dashboards
Abacus
MIP Fund Accounting
7.0
Standard reports
Abacus
MIP Fund Accounting
8.0
Custom reports
Abacus
MIP Fund Accounting
7.9

General Ledger and Configurable Accounting

Abacus
MIP Fund Accounting
8.0
Accounts payable
Abacus
MIP Fund Accounting
8.4
Accounts receivable
Abacus
MIP Fund Accounting
8.2
Cash management
Abacus
MIP Fund Accounting
8.1
Bank reconciliation
Abacus
MIP Fund Accounting
8.5
Expense management
Abacus
MIP Fund Accounting
8.4
Time tracking
Abacus
MIP Fund Accounting
6.9
Fixed asset management
Abacus
MIP Fund Accounting
7.8
Multi-currency support
Abacus
MIP Fund Accounting
7.7
Multi-division support
Abacus
MIP Fund Accounting
8.6
Regulations compliance
Abacus
MIP Fund Accounting
8.3
Electronic tax filing
Abacus
MIP Fund Accounting
8.0
Self-service portal
Abacus
MIP Fund Accounting
7.5
Standardized Processes
Abacus
MIP Fund Accounting
7.3

Inventory Management

Abacus
MIP Fund Accounting
4.2
Inventory tracking
Abacus
MIP Fund Accounting
7.3
Automatic reordering
Abacus
MIP Fund Accounting
1.0
Location management
Abacus
MIP Fund Accounting
7.7
Manufacturing module
Abacus
MIP Fund Accounting
1.0

Order Management

Abacus
MIP Fund Accounting
4.7
Pricing
Abacus
MIP Fund Accounting
6.5
Order entry
Abacus
MIP Fund Accounting
7.2
Credit card processing
Abacus
MIP Fund Accounting
2.5
Cost of goods sold
Abacus
MIP Fund Accounting
2.7

Pros

Abacus

  • New prospecting opportunities
  • Existing customer modeling for suppression
  • Existing customer modeling for reactivation
No photo available

MIP Fund Accounting

  • Tracks budget amounts and availability very smoothly and the reports are easy to read and utilize.
  • The encumbrance tracking is excellent and makes staying on budget much easier.
  • The general ledgers are easy to access and read.
  • Information by funding source is easy to track and access.
  • Like the 1099 coding functions.
Eris Tanner profile photo

Cons

Abacus

  • Level of Detail: Data does not hit the end user in Sage Intacct ...it shows up as one accounts payable entry as "ABACUS." We would like it to hit the employee level for audit purposes
  • Customer Service does not allow phone calls. Only email
  • Corporate AMEX sync has experienced issues with syncing data properly and timely
No photo available

MIP Fund Accounting

  • Sometimes support can be a bit off and challenging to get by phone.
  • Some of the reporting tools are not as robust as some competing products.
  • Vendor training costs can be high if needed by an organization.
Bruce Emmerling profile photo

Likelihood to Renew

Abacus

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 9.2
Based on 45 answers
I am not the decision-maker, but it would be my recommendation at this point.
Christine Frenzel profile photo

Usability

Abacus

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.3
Based on 39 answers
It is great and easy to use once you have had some training, some are more complex than others, but overall it is a great product.
Tracie Lambright profile photo

Reliability and Availability

Abacus

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 9.0
Based on 6 answers
I refer back to the previous questions. It has suddenly quit on me.
Christine Frenzel profile photo

Performance

Abacus

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 6 answers
We have had problems with MIP's ability to integrate with other software or systems. Just makes for a longer shopping time when searching for products we need to integrate with MIP
Frances LeClair profile photo

Support

Abacus

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.4
Based on 37 answers
Every time we have needed support we had the issue resolved within an hour.
Bianca Jurczak profile photo

In-Person Training

Abacus

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.0
Based on 6 answers
There are no specifics on what happens if you make one choice or another to know which is the best selection. This is true for JVs and AP. In training we were not given specifics of what happens when one possibility is selected over another.
Christine Frenzel profile photo

Online Training

Abacus

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 5.5
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo

Implementation

Abacus

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 6.1
Based on 22 answers
There were no records available to indicate where accounts with balances needed reversing entries. This problem carried forward for several years until it was traced back to implementation and reversed.
Christine Frenzel profile photo

Alternatives Considered

Abacus

We originally migrated from SAP Concur. We made the decision to switch to Abacus because Concur does not sync directly with Sage Intacct and it was less expensive. Expensify seems to be what most companies recommend, however, it was out of our price range
No photo available

MIP Fund Accounting

I have used QuickBooks Premier for Non-Profits in a previous job, but not at my current position. They have used MIP for several years prior to me coming on board. QuickBooks was much easier to learn, but I don't feel it has as much functionality as MIP does with the use of multiple federal and state managements and reporting
Tracie Lambright profile photo

Scalability

Abacus

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 9.0
Based on 6 answers
Not real sure what you mean by scalability. It seems to be able to handle all of the funds we are currently working with. If you mean the looks of it, some things are small and it would be nice to increase the size according to the user.
Frances LeClair profile photo

Return on Investment

Abacus

  • New prospects deliver a positive ROI on revenue versus modeling costs
  • Customer modeling allows for suppression of unprofitable names from marketing which saves costs
No photo available

MIP Fund Accounting

  • It is positive when I can create reports that are easily utilized month after month for grant reporting. Each of our grants requires a little different format of data and MIP allows me to customize reports to easily pull information I need to satisfy grantors.
LaShawna Simonsen profile photo

Pricing Details

Abacus

General

Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No

Abacus Editions & Modules

Edition
Abacus$51
  1. Per User per Month
Additional Pricing Details

MIP Fund Accounting

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

MIP Fund Accounting Editions & Modules

Additional Pricing Details

Add comparison