ABBYY FlexiCapture vs. MIP Fund Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
ABBYY FlexiCapture
Score 7.9 out of 10
N/A
ABBYY FlexiCapture is an Intelligent Document Processing platform that aims to bring together NLP, machine learning, and recognition capabilities into a single, enterprise-scale platform to handle every type of document, from simple forms to complex free-form documents, and every job size, from ad hoc single documents to large batch jobs requiring tough SLAs. Orchestrating the process from acquisition to delivery, FlexiCapture feeds content-driven business applications such as RPA and BPM, to…
$29.99
per month
MIP Fund Accounting
Score 8.7 out of 10
N/A
MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.N/A
Pricing
ABBYY FlexiCaptureMIP Fund Accounting
Editions & Modules
500 Pages
$29.99
per month
2,000 Pages
$99.99
per month
5,000 Pages
$199.99
per month
10,000 Pages
$299.99
per month
No answers on this topic
Offerings
Pricing Offerings
ABBYY FlexiCaptureMIP Fund Accounting
Free Trial
NoNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
ABBYY FlexiCaptureMIP Fund Accounting
Top Pros
Top Cons
Best Alternatives
ABBYY FlexiCaptureMIP Fund Accounting
Small Businesses
Square 9 Softworks
Square 9 Softworks
Score 9.7 out of 10
QuickBooks Online
QuickBooks Online
Score 8.0 out of 10
Medium-sized Companies
Square 9 Softworks
Square 9 Softworks
Score 9.7 out of 10
Sage Intacct
Sage Intacct
Score 8.7 out of 10
Enterprises
IBM Cloud Pak for Business Automation
IBM Cloud Pak for Business Automation
Score 9.0 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
ABBYY FlexiCaptureMIP Fund Accounting
Likelihood to Recommend
7.7
(2 ratings)
8.8
(430 ratings)
Likelihood to Renew
-
(0 ratings)
9.2
(126 ratings)
Usability
-
(0 ratings)
8.1
(100 ratings)
Availability
-
(0 ratings)
9.8
(15 ratings)
Performance
-
(0 ratings)
8.5
(85 ratings)
Support Rating
-
(0 ratings)
7.8
(99 ratings)
In-Person Training
-
(0 ratings)
10.0
(8 ratings)
Online Training
-
(0 ratings)
8.3
(7 ratings)
Implementation Rating
-
(0 ratings)
6.4
(28 ratings)
Configurability
-
(0 ratings)
8.6
(8 ratings)
Ease of integration
-
(0 ratings)
7.8
(13 ratings)
Product Scalability
-
(0 ratings)
8.7
(15 ratings)
Vendor post-sale
-
(0 ratings)
8.4
(13 ratings)
Vendor pre-sale
-
(0 ratings)
8.1
(13 ratings)
User Testimonials
ABBYY FlexiCaptureMIP Fund Accounting
Likelihood to Recommend
ABBYY
It is well suited for unstructured documents and automates the scanning operations where users are scanning thousands of documents on a daily basis and process them in the existing line of business application, or it is well suited for the RPA operations where ABBYY FlexiCapture extracts the output of extracted data in Excel, CSV or XML, and RPA applications parse those data and take it into other applications.
Read full review
Community Brands
I do like the check register, it is easy to access. It is also easy to access information for bank reconciliations but some entries are difficult and I have had ongoing issues with duplicated entries. Those situations coming at times when I am not really sure how I have duplicated an entry and they are somewhat intimidating. It is also somewhat difficult to delete or void erroneous entries or those that need to be otherwise corrected. I do understand that it is accounting software, but feel again that it could be a little bit more user friendly, at least from a fairly "new" user's standpoint!
Read full review
Pros
ABBYY
  • Integration with workflow tolls
  • Auto data extraction
  • Business rule setup
Read full review
Community Brands
  • General Ledger processing, including journal entries and reports
  • Ability to download all reports directly to Excel and PDF formats
  • Use of Grant codes to enable grant reporting by month/quarter/year
  • Ability to have multiple departments and consolidate into groups for reporting
  • Accounts Payable and Accounts Receivable cannot be out of balance
  • Multiple ways to use the product including Cloud and Classic options, Visual menu or Standard (Top of screen) menus to select processes, many options we are not using in our simple organization
Read full review
Cons
ABBYY
  • Although the back-end of the application is very strong, if it can have a visual workflow for defining tasks like scanning, verification and etc., it will be better.
  • Reporting feature should be enhance more on web
  • Although the result of Arabic Text extraction is very good in ABBYY, if they can focus more on different types of Arabic Fonts, it will be better
Read full review
Community Brands
  • With the payroll process, if there is an error in sending the stubs through email, there is no option to resend without a restore. That really needs to change.
  • Being able to void encumbrance at the same time as a PO would be an incredible time saver.
  • When processing W2 the system deletes info.
Read full review
Likelihood to Renew
ABBYY
No answers on this topic
Community Brands
My company is pretty dug into our current day-to-day systems that serve our operations (ServTracker, Kantime, MicroMD). Without MIP Fund Accounting, we would have no choice but to figure out a way to consolidate those three accounting/operations programs into (ideally) one program, which is basically impossible if we want to salvage any historical data. MIP Fund Accounting is a great hub to bring all those pieces together in a palatable form.
Read full review
Usability
ABBYY
No answers on this topic
Community Brands
I have used this system for about 12 years now and I still learning how to use it. It always surprises me how there is another report to learn to achieve my data reporting goals. It is great to have a system that you have used long enough to feel comfortable with but also a system that allows you to learn new ways to report and enter data into the system
Read full review
Reliability and Availability
ABBYY
No answers on this topic
Community Brands
I have rarely encountered any issues accessing MIP Fund Accounting over the years. On the rare occasions when availability was interrupted, the reasons were always found in-house when using the on-premises version. Since we have migrated to the MIP cloud, we have had no issues with availability. Any maintenance or updates are always communicated to us and are usually done outside of business hours.
Read full review
Performance
ABBYY
No answers on this topic
Community Brands
This software is really good as you can run reports for various funds by Revenue Code or Grant code to capture all the data you need for specific revenue streams. Like I said before, this software is amazing for the tracking of grants if you set up your chart of accounts up correctly.
Read full review
Support Rating
ABBYY
No answers on this topic
Community Brands
I have not reached out to MIP for technical support; however, their website offers great help resources so I can solve an issue on my own. Another team member reached out to MIP for support and was helped quickly. The transition process took longer than expected due to a lag in communication.
Read full review
In-Person Training
ABBYY
No answers on this topic
Community Brands
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.
Read full review
Online Training
ABBYY
No answers on this topic
Community Brands
Denise O'Malley provided training for the HR module when we added it to our system. Denise also gave us a demo of the EWS module which we were able to see that it would not meet our needs. She was very kind about and understanding regarding the functions we needed with a time clock system.
Read full review
Implementation Rating
ABBYY
No answers on this topic
Community Brands
Don't waste your time with MIP. There are plenty of other softwares out there that will do the job better. Do your homework. Get references from actual users. Make sure that what you choose will truly integrate. Make sure that there is local support. Get training. You will be glad that you passed this one by. Trust me.
Read full review
Alternatives Considered
ABBYY
License is cheap w.r.t to IQ BOT More flexibility in terms of custom development Can be used as independent process
Read full review
Community Brands
The HRA used RealPage (I'm not sure if it is actually the one listed above), and it did not work well. I'm not sure if it wasn't set up well, designed for larger property management companies, or just not good software, but it did not suit our needs at all. We chose a different property management software and MIP for our accounting. We used Quickbooks for Heartland Lakes, but as our business is expanding and we needed a better true fund accounting software, we chose AccuFund to start with, but it was difficult to get set up how we needed. We did not trust the information we were getting out of it, and it wasn't easily customizable to what we needed. We canceled that software and chose MIP.
Read full review
Scalability
ABBYY
No answers on this topic
Community Brands
The flexibility to create certain features are helpful and are designed to be easier on MIP Accounting Cloud. It has been easier than the MIP Accounting classic version. I may have not fully utilized the software to deploy across multiple departments other than generating revenue reports or expenses. As well as developing budget worksheets for our departments. Which are great as it is, but have not gone farther than that.
Read full review
Return on Investment
ABBYY
  • It has eased the scanning operation and reduced the overall time
  • Automatic indexing created the good impacted on ROI
  • But it only required the specialized IT Admin to maintain the system
Read full review
Community Brands
  • MIP has allowed us to break down our costs even further to be able to improve our use of funding.
  • I'm looking forward to streamlining our accounting processes even further as I learn more about the possibilities with MIP.
  • As we fundraise for specific projects, we are able to track income and expenses by project to give our donors true numbers on how the money was used.
Read full review
ScreenShots

MIP Fund Accounting Screenshots

Screenshot of MIP Advance™ Dashboards with drilldownScreenshot of MIP™ Transactions WorkflowScreenshot of MIP DashboardsScreenshot of MIP DashboardsScreenshot of MIP Dashboard drilldownScreenshot of MIP Transactions