What users are saying about

Abila MIP Fund Accounting

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Top Rated
605 Ratings

Adaptive Insights

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Top Rated
206 Ratings

Abila MIP Fund Accounting

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Top Rated
605 Ratings
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Score 8 out of 101

Adaptive Insights

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Top Rated
206 Ratings
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Score 8.6 out of 101

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Likelihood to Recommend

Abila MIP Fund Accounting

I believe Abila is suited for organizations that have complex funding structures. Especially those organizations who have multiple funding sources with agencies that require different expense coding to ensure expenses are properly classified. I think Abila is not appropriate for small organizations whose chart of accounts may be less complex in addition to a lower operating budget.
Donavan Lam, CPA profile photo

Adaptive Insights

It is very helpful for budgeting and reporting. I love how easy it is to automate reports and presentations. It can be more difficult to plan specific activities. It feels more high-level than activity-level. It shows totals rather than individual transactions (either past or future transactions).
Mark McConkie profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.6
Adaptive Insights
Pay calculation
Abila MIP Fund Accounting
8.7
Adaptive Insights
Benefit plan administration
Abila MIP Fund Accounting
7.1
Adaptive Insights
Direct deposit files
Abila MIP Fund Accounting
8.6
Adaptive Insights
Salary revision and increment management
Abila MIP Fund Accounting
7.0
Adaptive Insights
Reimbursement management
Abila MIP Fund Accounting
6.6
Adaptive Insights

Customization

Abila MIP Fund Accounting
8.1
Adaptive Insights
API for custom integration
Abila MIP Fund Accounting
8.0
Adaptive Insights
Plug-ins
Abila MIP Fund Accounting
8.3
Adaptive Insights

Security

Abila MIP Fund Accounting
8.6
Adaptive Insights
Single sign-on capability
Abila MIP Fund Accounting
8.5
Adaptive Insights
Role-based user permissions
Abila MIP Fund Accounting
8.6
Adaptive Insights

Reporting & Analytics

Abila MIP Fund Accounting
7.6
Adaptive Insights
Dashboards
Abila MIP Fund Accounting
6.8
Adaptive Insights
Standard reports
Abila MIP Fund Accounting
7.9
Adaptive Insights
Custom reports
Abila MIP Fund Accounting
7.9
Adaptive Insights

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.8
Adaptive Insights
Accounts payable
Abila MIP Fund Accounting
8.5
Adaptive Insights
Accounts receivable
Abila MIP Fund Accounting
8.2
Adaptive Insights
Cash management
Abila MIP Fund Accounting
8.1
Adaptive Insights
Bank reconciliation
Abila MIP Fund Accounting
8.5
Adaptive Insights
Expense management
Abila MIP Fund Accounting
8.2
Adaptive Insights
Time tracking
Abila MIP Fund Accounting
6.9
Adaptive Insights
Fixed asset management
Abila MIP Fund Accounting
7.7
Adaptive Insights
Multi-currency support
Abila MIP Fund Accounting
7.3
Adaptive Insights
Multi-division support
Abila MIP Fund Accounting
8.4
Adaptive Insights
Regulations compliance
Abila MIP Fund Accounting
8.2
Adaptive Insights
Electronic tax filing
Abila MIP Fund Accounting
7.8
Adaptive Insights
Self-service portal
Abila MIP Fund Accounting
6.8
Adaptive Insights
Standardized Processes
Abila MIP Fund Accounting
7.2
Adaptive Insights

Inventory Management

Abila MIP Fund Accounting
4.2
Adaptive Insights
Inventory tracking
Abila MIP Fund Accounting
7.3
Adaptive Insights
Automatic reordering
Abila MIP Fund Accounting
1.0
Adaptive Insights
Location management
Abila MIP Fund Accounting
7.7
Adaptive Insights
Manufacturing module
Abila MIP Fund Accounting
1.0
Adaptive Insights

Order Management

Abila MIP Fund Accounting
4.8
Adaptive Insights
Pricing
Abila MIP Fund Accounting
6.7
Adaptive Insights
Order entry
Abila MIP Fund Accounting
7.2
Adaptive Insights
Credit card processing
Abila MIP Fund Accounting
2.5
Adaptive Insights
Cost of goods sold
Abila MIP Fund Accounting
2.7
Adaptive Insights

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.1
Adaptive Insights
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
Adaptive Insights
Configurable alerts
Abila MIP Fund Accounting
7.7
Adaptive Insights
Billing bypass
Abila MIP Fund Accounting
7.1
Adaptive Insights
Client template cloning
Abila MIP Fund Accounting
7.1
Adaptive Insights
Single sign-on
Abila MIP Fund Accounting
4.5
Adaptive Insights
Industry-specific versioning
Abila MIP Fund Accounting
8.0
Adaptive Insights
Legacy system data migration
Abila MIP Fund Accounting
7.5
Adaptive Insights

BI Standard Reporting

Abila MIP Fund Accounting
Adaptive Insights
9.3
Pixel Perfect reports
Abila MIP Fund Accounting
Adaptive Insights
9.0
Customizable dashboards
Abila MIP Fund Accounting
Adaptive Insights
10.0
Report Formatting Templates
Abila MIP Fund Accounting
Adaptive Insights
9.0

Ad-hoc Reporting

Abila MIP Fund Accounting
Adaptive Insights
8.0
Drill-down analysis
Abila MIP Fund Accounting
Adaptive Insights
9.0
Formatting capabilities
Abila MIP Fund Accounting
Adaptive Insights
7.0
Integration with R or other statistical packages
Abila MIP Fund Accounting
Adaptive Insights
8.0
Report sharing and collaboration
Abila MIP Fund Accounting
Adaptive Insights
8.0

Report Output and Scheduling

Abila MIP Fund Accounting
Adaptive Insights
8.0
Publish to PDF
Abila MIP Fund Accounting
Adaptive Insights
8.0
Report Versioning
Abila MIP Fund Accounting
Adaptive Insights
8.0
Report Delivery Scheduling
Abila MIP Fund Accounting
Adaptive Insights
8.0

Data Discovery and Visualization

Abila MIP Fund Accounting
Adaptive Insights
7.7
Pre-built visualization formats (heatmaps, scatter plots etc.)
Abila MIP Fund Accounting
Adaptive Insights
7.0
Location Analytics / Geographic Visualization
Abila MIP Fund Accounting
Adaptive Insights
8.0
Predictive Analytics
Abila MIP Fund Accounting
Adaptive Insights
8.0

Access Control and Security

Abila MIP Fund Accounting
Adaptive Insights
9.0
Multi-User Support (named login)
Abila MIP Fund Accounting
Adaptive Insights
9.0
Role-Based Security Model
Abila MIP Fund Accounting
Adaptive Insights
9.0
Multiple Access Permission Levels (Create, Read, Delete)
Abila MIP Fund Accounting
Adaptive Insights
9.0

Mobile Capabilities

Abila MIP Fund Accounting
Adaptive Insights
8.5
Responsive Design for Web Access
Abila MIP Fund Accounting
Adaptive Insights
8.0
Dedicated iOS Application
Abila MIP Fund Accounting
Adaptive Insights
8.0
Dedicated Android Application
Abila MIP Fund Accounting
Adaptive Insights
8.0
Dashboard / Report / Visualization Interactivity on Mobile
Abila MIP Fund Accounting
Adaptive Insights
10.0

Budgeting, Planning, and Forecasting

Abila MIP Fund Accounting
Adaptive Insights
8.6
Long-term financial planning
Abila MIP Fund Accounting
Adaptive Insights
8.8
Financial budgeting
Abila MIP Fund Accounting
Adaptive Insights
8.8
Forecasting
Abila MIP Fund Accounting
Adaptive Insights
9.0
Scenario modeling
Abila MIP Fund Accounting
Adaptive Insights
8.1
Management reporting
Abila MIP Fund Accounting
Adaptive Insights
8.1

Consolidation and Close

Abila MIP Fund Accounting
Adaptive Insights
7.5
Financial data consolidation
Abila MIP Fund Accounting
Adaptive Insights
7.9
Journal entries and reports
Abila MIP Fund Accounting
Adaptive Insights
5.6
Multi-currency management
Abila MIP Fund Accounting
Adaptive Insights
7.5
Intercompany Eliminations
Abila MIP Fund Accounting
Adaptive Insights
7.6
Minority Ownership
Abila MIP Fund Accounting
Adaptive Insights
7.1
Local and consolidated reporting
Abila MIP Fund Accounting
Adaptive Insights
8.3
Detailed Audit Trails
Abila MIP Fund Accounting
Adaptive Insights
8.5

FInancial Reporting and Compliance

Abila MIP Fund Accounting
Adaptive Insights
8.2
Financial Statement Reporting
Abila MIP Fund Accounting
Adaptive Insights
8.9
Management Reporting
Abila MIP Fund Accounting
Adaptive Insights
8.5
Excel-based Reporting
Abila MIP Fund Accounting
Adaptive Insights
8.3
Automated board and financial reporting
Abila MIP Fund Accounting
Adaptive Insights
8.4
XBRL support for regulatory filing
Abila MIP Fund Accounting
Adaptive Insights
7.0

Analytics

Abila MIP Fund Accounting
Adaptive Insights
7.5
Personalized dashboards
Abila MIP Fund Accounting
Adaptive Insights
7.3
Color-coded scorecards
Abila MIP Fund Accounting
Adaptive Insights
6.8
KPIs
Abila MIP Fund Accounting
Adaptive Insights
7.9
Cost and profitability analysis
Abila MIP Fund Accounting
Adaptive Insights
8.0
Key Performance Indicator setting
Abila MIP Fund Accounting
Adaptive Insights
7.9
Benchmarking with external data
Abila MIP Fund Accounting
Adaptive Insights
7.3

Integration

Abila MIP Fund Accounting
Adaptive Insights
8.5
Flat file integration
Abila MIP Fund Accounting
Adaptive Insights
8.2
Excel data integration
Abila MIP Fund Accounting
Adaptive Insights
8.7
Direct links to 3rd-party data sources
Abila MIP Fund Accounting
Adaptive Insights
8.6

Pros

  • Departmental financial reporting
  • Historical reporting
  • Cross fiscal year reporting
  • Transaction detail
Robert Bowsza profile photo
  • I love how easy it is to track software and general amortizations in Adaptive. The software has been an issue with my past employers, but it flows very easily here in Adaptive.
  • We also use Adaptive's OfficeConnect for easy reporting. It has helped us automate our reporting as we work with internal departments. We have the reports built, and the software and can refresh all of them simultaneously, reducing generation time and giving us more time for analysis.
  • We are building out more operational metrics now. We are starting to track sales opportunities across different business segments to see the correlation between spending activities and opportunity generation. This helps us set better targets in the future. This paired with OfficeConnect also makes it very easy to track and report on operational metrics in addition to financial metrics.
Mark McConkie profile photo

Cons

  • The Fixed Assets module is somewhat difficult to use with respect to disposals
  • In A/R posted transactions there is no dollar amount posted
  • When requesting posted transactions, all items appear, not just the one being requested
  • A/P vendor history displays in date order by clicking the tab at the top of the column. However, a printed version does not come out in date order
  • We have had problems matching the A/R aging report to the General Ledger
  • The drill-down feature should be expanded to areas other than financial statements
Robert Bowsza profile photo
  • It can get cumbersome to have separate sheets for all prepaid expenses. The software works out very neatly - but creating a new sheet for each prepaid expense can be difficult. Because of this, I feel like forecasting is less based on actual plans, and more based on gut feelings, and trends rather than actual plans.
  • I wish OfficeConnect could pull individual lines rather than just aggregated data. The example that I'm trying to work on now is that I would like to pull personnel information from OfficeConnect (mainly pulling lists of employees, or open positions). I don't know how to do that currently. I can pull aggregated data and show totals - but I can't see the individual lines that make up that total within OfficeConnect.
Mark McConkie profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.1
Based on 45 answers
I am not the decision-maker, but it would be my recommendation at this point.
Christine Frenzel profile photo
Adaptive Insights8.6
Based on 32 answers
We have renewed this a number of times. It fits our business model and it is now an integral part of our organization.
Harry Vasels profile photo

Usability

Abila MIP Fund Accounting8.4
Based on 39 answers
If you are not an accountant, it would be very difficult to use. As an accountant there are aspects that are so specific that if you do not understand how they work and hand off to other parts of the software, you can really mess up your reporting.
Christine Frenzel profile photo
Adaptive Insights7.6
Based on 75 answers
Menus are easy to navigate, sheets are straightforward and flexible and you can work on your budget/forecasts without being at the office. The cloud based system makes it easy for users to complete their processes offsite and without needing there work provided computer. Creating new reports using both the web based Adaptive tool and OfficeConnect is quite simple with very minimal training.
Gary Grzesiak profile photo

Reliability and Availability

Abila MIP Fund Accounting9.0
Based on 6 answers
The only time we have had a big issue is when our server went out, and this was not a MIP issue
Frances LeClair profile photo
Adaptive Insights9.1
Based on 9 answers
We can access Adaptive anytime 24/7 from any computer or laptop pc or Mac. They are committed to keep this product up to date and relevant
Harry Vasels profile photo

Performance

Abila MIP Fund Accounting10.0
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
Adaptive Insights9.1
Based on 4 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg profile photo

Support

Abila MIP Fund Accounting8.4
Based on 36 answers
When we have needed support, support staff has always been knowledgeable and very helpful. We always receive a timely response.
Bob Jones profile photo
Adaptive Insights6.8
Based on 11 answers
Support requests are always handled promptly and resolved favourably.Many user support requests arise during initial deployment and use and often represent questions relating to best methods or how to approach their particular situation, which we gladly assist with as we provide the appropriate skills transfer training and assistance.As clients become more knowledgeable in working with the product suite then they tend not to ask many questions.
Greg Clarke profile photo

In-Person Training

Abila MIP Fund Accounting8.0
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
No score
No answers yet
No answers on this topic

Online Training

Abila MIP Fund Accounting6.6
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo
Adaptive Insights8.2
Based on 6 answers
Training receives the highest rating due to the availability of Webex training from an expert at Adaptive, with several sessions tailored to specific features including personnel, capital, formulas, reporting, etc
Andrew Rosenberg profile photo

Implementation

Abila MIP Fund Accounting6.3
Based on 22 answers
I believe implementation went well because of the way training was setup. We started with a classroom setting to go thru all aspects of the software then practicing setup before going live.
Shirley Merrick profile photo
Adaptive Insights8.2
Based on 13 answers
In our experience the Adaptive Suite is quick and easy to deploy. Most implementations are facilitated in just a few weeks but may range depending on organisation complexity from say 2 to 12 weeks with only the very largest and most complex taking a little longer. When key stakeholders are properly engaged and the opportunities for skills transfer are exercised, we find that implementations proceed well and are delivered on time and to project budget
Greg Clarke profile photo

Alternatives Considered

Fund EZ is a product I found out about from a previous employment stint. It has a lot of the features MIP has but is not nearly as good. I would consider using this product if MIP continues to raise fees.
Erich Koch profile photo
Adaptive blows away Hyperion from an ease of use, functionality and performance standpoint. The reason we selected Adaptive initially was the flexibility of the tool (sheets), going from manual forecasts to a web based tool and being able to build assumptions into our budget and forecasting processes. Also, the cost of Adaptive licenses provided significant savings when compared to the annual fees that we paid Oracle for use and support of their system.
Gary Grzesiak profile photo

Scalability

Abila MIP Fund Accounting9.0
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
Adaptive Insights9.1
Based on 7 answers
Adaptive is the leader and is very progressive with the product improvements that they provide.
Gary Sabulski profile photo

Return on Investment

  • 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
  • Month-end reporting: It's hard to say how much time Adaptive Insights has provided, but I can say we no longer have formula errors in Excel reports and refreshing financial statements every month only takes a couple of clicks.
  • Budgeting/forecasting: We have saved a tremendous amount of time in our budgeting cycle. After importing a budget in Adaptive Insights and setting up the model with formulas, we are able to copy the most recent budget version into the next budget version and review. Being able to budget in Adaptive Insights also removes the possibility of formula and linking errors that come with Excel.
Denise Lewis profile photo

Pricing Details

Abila MIP Fund Accounting

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

Abila MIP Fund Accounting More Information

Adaptive Insights

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
1.  per seat, per installation
Additional Pricing Details

Adaptive Insights More Information