What users are saying about

Abila MIP Fund Accounting

Top Rated
600 Ratings

Adaptive Insights

Top Rated
204 Ratings

Abila MIP Fund Accounting

Top Rated
600 Ratings
Score 7.9 out of 101

Adaptive Insights

Top Rated
204 Ratings
Score 8.7 out of 101

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Likelihood to Recommend

Abila MIP Fund Accounting

With Abila MIP's versatility I think it would be well suited for any industry, but especially for any industry where you wanted to be very specific on tracking or cost accounting. The ability to segment your accounts allows you to track by just about any method you would like to be successful.
Eric Harvey profile photo

Adaptive Insights

It is well suited for mid-size companies to have a budgeting, forecasting, and reporting platform. The system needs data and someone to maintain it so it would not be well suited for a small company or one without a dedicated finance team.
Brian Kyslinger profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
8.0
Adaptive Insights
Pay calculation
Abila MIP Fund Accounting
8.6
Adaptive Insights
Benefit plan administration
Abila MIP Fund Accounting
8.0
Adaptive Insights
Direct deposit files
Abila MIP Fund Accounting
8.7
Adaptive Insights
Salary revision and increment management
Abila MIP Fund Accounting
7.3
Adaptive Insights
Reimbursement management
Abila MIP Fund Accounting
7.3
Adaptive Insights

Customization

Abila MIP Fund Accounting
7.3
Adaptive Insights
API for custom integration
Abila MIP Fund Accounting
7.4
Adaptive Insights
Plug-ins
Abila MIP Fund Accounting
7.3
Adaptive Insights

Security

Abila MIP Fund Accounting
8.3
Adaptive Insights
Single sign-on capability
Abila MIP Fund Accounting
8.3
Adaptive Insights
Role-based user permissions
Abila MIP Fund Accounting
8.4
Adaptive Insights

Reporting & Analytics

Abila MIP Fund Accounting
7.4
Adaptive Insights
Dashboards
Abila MIP Fund Accounting
6.5
Adaptive Insights
Standard reports
Abila MIP Fund Accounting
7.8
Adaptive Insights
Custom reports
Abila MIP Fund Accounting
7.9
Adaptive Insights

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.5
Adaptive Insights
Accounts payable
Abila MIP Fund Accounting
8.5
Adaptive Insights
Accounts receivable
Abila MIP Fund Accounting
8.1
Adaptive Insights
Cash management
Abila MIP Fund Accounting
8.0
Adaptive Insights
Bank reconciliation
Abila MIP Fund Accounting
8.4
Adaptive Insights
Expense management
Abila MIP Fund Accounting
8.0
Adaptive Insights
Time tracking
Abila MIP Fund Accounting
7.2
Adaptive Insights
Fixed asset management
Abila MIP Fund Accounting
7.6
Adaptive Insights
Multi-currency support
Abila MIP Fund Accounting
6.2
Adaptive Insights
Multi-division support
Abila MIP Fund Accounting
8.1
Adaptive Insights
Regulations compliance
Abila MIP Fund Accounting
7.9
Adaptive Insights
Electronic tax filing
Abila MIP Fund Accounting
7.6
Adaptive Insights
Self-service portal
Abila MIP Fund Accounting
5.7
Adaptive Insights
Standardized Processes
Abila MIP Fund Accounting
6.6
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
4.7
Adaptive Insights
Pricing
Abila MIP Fund Accounting
6.7
Adaptive Insights
Order entry
Abila MIP Fund Accounting
6.8
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
7.0
Adaptive Insights
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
Adaptive Insights
Configurable alerts
Abila MIP Fund Accounting
7.1
Adaptive Insights
Billing bypass
Abila MIP Fund Accounting
6.5
Adaptive Insights
Client template cloning
Abila MIP Fund Accounting
7.6
Adaptive Insights
Single sign-on
Abila MIP Fund Accounting
4.5
Adaptive Insights
Industry-specific versioning
Abila MIP Fund Accounting
8.3
Adaptive Insights
Legacy system data migration
Abila MIP Fund Accounting
7.0
Adaptive Insights

Budgeting, Planning, and Forecasting

Abila MIP Fund Accounting
Adaptive Insights
8.7
Long-term financial planning
Abila MIP Fund Accounting
Adaptive Insights
8.9
Financial budgeting
Abila MIP Fund Accounting
Adaptive Insights
8.9
Forecasting
Abila MIP Fund Accounting
Adaptive Insights
9.1
Scenario modeling
Abila MIP Fund Accounting
Adaptive Insights
8.3
Management reporting
Abila MIP Fund Accounting
Adaptive Insights
8.2

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
5.5
Multi-currency management
Abila MIP Fund Accounting
Adaptive Insights
7.7
Intercompany Eliminations
Abila MIP Fund Accounting
Adaptive Insights
7.5
Minority Ownership
Abila MIP Fund Accounting
Adaptive Insights
7.0
Local and consolidated reporting
Abila MIP Fund Accounting
Adaptive Insights
8.3
Detailed Audit Trails
Abila MIP Fund Accounting
Adaptive Insights
8.6

FInancial Reporting and Compliance

Abila MIP Fund Accounting
Adaptive Insights
8.3
Financial Statement Reporting
Abila MIP Fund Accounting
Adaptive Insights
9.0
Management Reporting
Abila MIP Fund Accounting
Adaptive Insights
8.6
Excel-based Reporting
Abila MIP Fund Accounting
Adaptive Insights
8.5
Automated board and financial reporting
Abila MIP Fund Accounting
Adaptive Insights
8.5
XBRL support for regulatory filing
Abila MIP Fund Accounting
Adaptive Insights
6.9

Analytics

Abila MIP Fund Accounting
Adaptive Insights
7.6
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
8.0
Cost and profitability analysis
Abila MIP Fund Accounting
Adaptive Insights
8.1
Key Performance Indicator setting
Abila MIP Fund Accounting
Adaptive Insights
8.1
Benchmarking with external data
Abila MIP Fund Accounting
Adaptive Insights
7.3

Integration

Abila MIP Fund Accounting
Adaptive Insights
8.6
Flat file integration
Abila MIP Fund Accounting
Adaptive Insights
8.4
Excel data integration
Abila MIP Fund Accounting
Adaptive Insights
8.8
Direct links to 3rd-party data sources
Abila MIP Fund Accounting
Adaptive Insights
8.7

Pros

  • It allows you to create folders in which you can scan invoices, business associate contracts, and contracts in general by vendor. This allows us to keep everything in one place digitally. The good thing about this is that it speeds up finding old invoices, and allows you to send audit selections to the auditor faster due to the items selected already being scanned in digitally.
  • MIP allows for the creation of distribution codes. These are nice as they allow you to charge out common costs to multiple departments in a quick manner. Without this feature, one has to key in manually many line items into the system each and every month. Plus this feature allows for consistency, and elimination of keying errors.
  • If you have the Chart of Accounts set up properly, this system allows you to better track items by departments, Revenue/Fund codes, Location, and by GL. This is important as it allows for better analysis, tracking and reporting.
  • As for the budgeting module, this is also nice as you have the ability to upload your budget via a CSV file or you can manually cut and paste your numbers from excel into the system as well. The key thing though is setting up your budget template to match the format in MIP when cutting and pasting.
Erich Koch profile photo
  • Infinite ability to group accounts and departments for reporting. The only limitation is the number of ways that you think of in terms of consolidating the information.
  • Being able to build scalable, complex, distributed, budget models. With the data we can bring into the system and the formulas we can use we have all the functionality of the spreadsheet, but with the flexibility to allow leaders across the organization to participate and update their section.
  • The platform allows multiple forecast/budget versions which allows for version control and sensitivity analysis. I can lock versions from changes while quickly creating a new version to see the impact of a +or- scenario to the company’s profitability.
  • With the OfficeConnect tool we can leverage Excel to provide repeatable reports for the board and other business leaders that are repeatable from month to month. While the platform provides more flexibility than an accounting package it still has limitations. Using OfficeConnect I can leverage the power of the Microsoft suite of Excel/Word/PowerPoint directly.
Brian Kyslinger profile photo

Cons

  • They need to better explain how to create definition files so end users can learn how to upload large amounts of data into the system. As of right now, most end users have to contact a consultant to create the definition file and pay literally thousands of dollars in order to do uploads.
  • The financial statement reports could be better. When I created the income statement, the profit is shown as a credit, while a loss is shown as a debit which makes it look funny for presentation purposes. I now have to key everything into Excel so it doesn't do this. The reports could be better if it allowed a way to add statistics to the report. Most FQHCs present stats like visits, Days Cash on Hand and so on. It would be nice to be able to have these stats shown in the financial statements.
  • MIP needs to allow for easier copying and pasting items into the fields. In the Budget module, you can't right click and paste. You need to select the "Edit" and then paste from the drop down menu.
Erich Koch profile photo
  • On the Infographics page, I would love to see a thumbnail of the infographic before clicking on it. In general, I love that when you hover over a box, you get a more detailed description, but I would also love the ability to hover and then click to see a thumbnail before opening the full page.
  • Similarly, I think the Videos page should have the length of each video somewhere on the squares. This would help people judge how much time they would need to watch each one all the way through, and be able to make an informed decision about how many they could watch in between meetings.
  • There is no free text search bar.
Samantha Monastra profile photo

Likelihood to Renew

Abila MIP Fund Accounting8.8
Based on 35 answers
We are not in the market for a new solution as this product works well for us and renewal is affordable.
Christine Ulshoffer profile photo
Adaptive Insights8.5
Based on 32 answers
Intuitive and Easy to MaintainThe Adaptive Suite is a very reliable Corporate Performance Management Solution. The solution is very easy to.use and provides timely, quality reporting. We have used the solution continuously for six years and been very pleased with the ongoing enhancements. Beyond our own positive experience we support many clients across commerce, industry and government. Nearly all our supported customers provide very positive feedback and continue to renew their subscriptions.
Greg Clarke profile photo

Usability

Abila MIP Fund Accounting8.6
Based on 33 answers
The system is very usable from my point of view - we have not experienced any difficulty in the daily functions
Christine Ulshoffer profile photo
Adaptive Insights7.7
Based on 75 answers
Building complex reports is still difficult to do when using dimension or level attributes. Formulas are still a challenge.
Daniel Killpack profile photo

Reliability and Availability

Abila MIP Fund Accounting8.9
Based on 6 answers
I refer back to the previous questions. It has suddenly quit on me.
Christine Frenzel profile photo
Adaptive Insights9.1
Based on 9 answers
Cloud-based allows for access anywhere. Very little downtime.
Andrew Rosenberg profile photo

Performance

Abila MIP Fund Accounting9.9
Based on 6 answers
Yes, it works very well about 95% of the time. I don't notice any slow down with any programs it integrates with.
Christine Frenzel 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 30 answers
Our reseller and the MIP technical support team has been very reactive when questions or problems have arisen. The reseller has been especially helpful in figuring what to do about entry problems.
Nikki Patterson profile photo
Adaptive Insights6.8
Based on 11 answers
Support questions are always answered quickly.
Andrew Rosenberg profile photo

In-Person Training

Abila MIP Fund Accounting7.9
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 Accounting9.9
Based on 3 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 Accounting6.9
Based on 19 answers
MUST have a good partner to guide you through the set up steps. A seasoned organization is imperative. They can help navigate issues because they have dealt with them before.
Jan Crockett profile photo
Adaptive Insights8.2
Based on 13 answers
Although having a set of spreadsheet and workbooks helps to define the logic and processes, preparing a requirements document is also an important element in a successful implementation. In addition, dedicating a knowledgeable user as part of the "Scrum" development allows focus and permits the implementation to proceed without time loss and promotes knowledge transfer. Finally, having an onsite developer speeds the process and can reduce the overall cost as well.
Bob Katz, CMA, CFM, CFP® profile photo

Breadth of Deployment

No answers on this topic
It is used throughout the company in different divisions and at our corporate level. When used in a division recently the personnel from different departments directly inputted data and monitored their budget against actual. It is very user friendly and flexible.
Harry Vasels profile photo

Alternatives Considered

I personally have used QuickBooks, Quicken, and a long-ago product by Software International. QuickBooks and Quicken are easier to use, but do not provide the reporting that Abila provides. Non-profits need an easy way to allocate expenses between grants, especially payroll. They also need to be able to provide reporting by grants. Abila seems to be able to provide this system.
Christine Frenzel profile photo
We did not go through a full-blown software selection process, nor have I used other products in the past. Previous to Adaptive, we used Management Reporter (formerly FRx, now part of Microsoft Dynamics GP) for our financial statements, and Excel for our budgeting. Adaptive is far superior to either of those.We pursued Adaptive mainly through word of mouth. When discussing the availability of products with other accounting professionals, it was clear Adaptive was becoming the industry leader for our company size. We had a demo of the product presented by them. Since we liked it so much, we decided to go with them even though we had not reviewed other products.
Jack Kersjes profile photo

Collaboration and Sharing

No score
No answers yet
No answers on this topic
Adaptive Insights7.5
Based on 17 answers
With workflow I am able to track progress on budget and forecast projects in a timely manner. There is also an organiser to track and assign tasks to users. Security is very flexible.
Robin Webber profile photo

Data Integration

No score
No answers yet
No answers on this topic
Adaptive Insights7.6
Based on 17 answers
We have used Adaptive for years and it works well as we adapt to changing business scenarios. We can make changes and see potential impacts to our business before they occur.
Harry Vasels profile photo

Scalability

Abila MIP Fund Accounting8.9
Based on 6 answers
I have had some issues with the software suddenly closing with no reason given.
Christine Frenzel 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

  • I was not part of the decision making process. I do not know the overall business objective.
  • One must be very experienced working with integrated financial systems to get the best use of this software.
Christine Frenzel profile photo
  • The most positive impact has been on time. While it took some time to get things set up correctly, once we did, we were able to report results very quickly.
  • The budgeting process has gone much more quickly.
  • What-if scenarios are a little trickier. There are multiple ways you can do it. We have chosen to use assumptions for percentages and then copy the original version to a "what-if" version and change the assumption it is pointing to. However, this is a bit clunky.
  • Month-end reporting is getting faster and faster the more we automate through Adaptive.
Amy Kee, CPA 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