What users are saying about

Abila MIP Fund Accounting

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Top Rated
603 Ratings

Adaptive Insights

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Top Rated
205 Ratings

Abila MIP Fund Accounting

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Top Rated
603 Ratings
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Score 7.9 out of 101

Adaptive Insights

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Top Rated
205 Ratings
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Score 8.7 out of 101

Add comparison

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

Adaptive is great if you want to create many what- if scenarios when budgeting and forecasting. Staffing scenarios has been particularly helpful for our HR department when analyze staff needs for future years and analyzing open and unfilled positions over a certain time frame.

Every so often Adaptive's response time when in the system has been slow but Adaptive has rolled out the Elastic Hypercube to take care of that issue.
Gary Grzesiak profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.6
Adaptive Insights
Pay calculation
Abila MIP Fund Accounting
8.8
Adaptive Insights
Benefit plan administration
Abila MIP Fund Accounting
7.1
Adaptive Insights
Direct deposit files
Abila MIP Fund Accounting
8.7
Adaptive Insights
Salary revision and increment management
Abila MIP Fund Accounting
7.0
Adaptive Insights
Reimbursement management
Abila MIP Fund Accounting
6.4
Adaptive Insights

Customization

Abila MIP Fund Accounting
7.6
Adaptive Insights
API for custom integration
Abila MIP Fund Accounting
7.6
Adaptive Insights
Plug-ins
Abila MIP Fund Accounting
7.6
Adaptive Insights

Security

Abila MIP Fund Accounting
8.4
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
7.3
Adaptive Insights
Dashboards
Abila MIP Fund Accounting
6.3
Adaptive Insights
Standard reports
Abila MIP Fund Accounting
7.7
Adaptive Insights
Custom reports
Abila MIP Fund Accounting
7.9
Adaptive Insights

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.6
Adaptive Insights
Accounts payable
Abila MIP Fund Accounting
8.4
Adaptive Insights
Accounts receivable
Abila MIP Fund Accounting
8.1
Adaptive Insights
Cash management
Abila MIP Fund Accounting
7.9
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
6.8
Adaptive Insights
Fixed asset management
Abila MIP Fund Accounting
7.6
Adaptive Insights
Multi-currency support
Abila MIP Fund Accounting
6.6
Adaptive Insights
Multi-division support
Abila MIP Fund Accounting
8.2
Adaptive Insights
Regulations compliance
Abila MIP Fund Accounting
8.1
Adaptive Insights
Electronic tax filing
Abila MIP Fund Accounting
7.6
Adaptive Insights
Self-service portal
Abila MIP Fund Accounting
6.0
Adaptive Insights
Standardized Processes
Abila MIP Fund Accounting
6.9
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
6.5
Adaptive Insights
Order entry
Abila MIP Fund Accounting
6.9
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
7.8
Adaptive Insights
Configurable alerts
Abila MIP Fund Accounting
7.4
Adaptive Insights
Billing bypass
Abila MIP Fund Accounting
6.8
Adaptive Insights
Client template cloning
Abila MIP Fund Accounting
7.5
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
7.1
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
8.9
Financial budgeting
Abila MIP Fund Accounting
Adaptive Insights
8.8
Forecasting
Abila MIP Fund Accounting
Adaptive Insights
9.1
Scenario modeling
Abila MIP Fund Accounting
Adaptive Insights
8.2
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
7.6
Intercompany Eliminations
Abila MIP Fund Accounting
Adaptive Insights
7.5
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
8.3
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
8.4
Automated board and financial reporting
Abila MIP Fund Accounting
Adaptive Insights
8.5
XBRL support for regulatory filing
Abila MIP Fund Accounting
Adaptive Insights
7.0

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
8.0
Key Performance Indicator setting
Abila MIP Fund Accounting
Adaptive Insights
8.0
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
8.3
Excel data integration
Abila MIP Fund Accounting
Adaptive Insights
8.7
Direct links to 3rd-party data sources
Abila MIP Fund Accounting
Adaptive Insights
8.7

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
  • Allows assumptions to be created for fringes, taxes, capital etc. We are now able to push these type of expenses to individual departments as opposed to a single department. Gives us true costs for each department.
  • The flexibility in revising and creating new sheets allows our organization to modify our budget/forecast approach without much downtime. Also, we can make these modifications internally . No need to hire consultants to complete these tasks.
  • Adaptive Insights is an easy to use/understand tool for end-users. Our users typically struggle with new systems but the Adaptive roll-out was very smooth with very little end-user angst.
Gary Grzesiak profile photo

Cons

  • Sometimes pulling reports or building the reports to give you the results you want is difficult to achieve.
  • Creating budgets was a challenge at first as was updating those budgets when revisions occur.
  • We would like to see a copy and paste function added so when entering or changing descriptions you don't have to continually keep typing them over and over.
Tracie Lambright profile photo
  • Model - It takes a little bit of time to get familiar with how the model works.
Denise Lewis profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.0
Based on 38 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 Accounting8.7
Based on 34 answers
When MIP is not available because of computer challenges my team freezes. They rely that heavily on it on a regular basis. It is the foundation of our entire cash management, budgeting, our entire finance accountability system. It is the go to for data to track vendors, use, customers over the last 15 years. It is one of the key bricks in our business management foundation. It has never let us down.
Carol Dougherty profile photo
Adaptive Insights7.7
Based on 75 answers
The Adaptive Suite is well-rounded. We love the add-on OfficeConnect because it allows us to quickly pull data from Adaptive in a report format. Once you set up the OfficeConnect, it's as easy as pushing a button to re-run. This has been especially helpful for month-end reporting and reconciling data in the Budget.
Samantha Monastra profile photo

Reliability and Availability

Abila MIP Fund Accounting9.0
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
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 Accounting9.9
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 Accounting8.6
Based on 32 answers
I had to call support for an issue I was having to reverse a batch that was posted by mistake. The support lady was really helpful in guiding me to the correct steps in resolving my issue. I felt very confident in knowing I can call them to resolve my issues
Luis Godoy 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 Accounting10.0
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 Accounting6.8
Based on 19 answers
I highly recommend using a business partner for implementation. The business partners have implemented this product for numerous years and have a wealth of knowledge from working with various non profits and governmental entities. Some are close by and can provide on site training.
karen hoffman 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

Abila offers an unmatched level of customization and flexibility for the price. Great integration with their modules as they are in house developed so things aren't tacked on from third parties. Some of the other competitors have to go outside their company to give you what Abila already has built in. Abila is a solid software suite that just works.
Wesley Bond 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
This is one of the best features as personnel in different areas at different sites can work together on the budget, forecast or "what-if" models.
Harry Vasels 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 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
  • Once Adaptive was deployed we shorten our budget input cycle from about 1 month to 1 week for user inputs. Allowing more time to do meaningful analysis
  • With the use of office connect for BoD package reporting, I am able to quickly update a BoD deck. It usually takes about 30 minutes to an hour to change the settings in my standard reports and once this is done, if I make a change to the data in Adaptive, I can update the base reports and my PowerPoint slides are updated in a matter of seconds to minutes.
  • I estimated we save 1 to 2 FPA headcount because of Adaptive.
  • I have a 3 Year license agreement with Adaptive and because of this we receive multi year discounts.
Lisa VanHuystee 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