What users are saying about

Abila MIP Fund Accounting

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
603 Ratings
16 Ratings

Abila MIP Fund Accounting

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow'>Customer Verified: Read more.</a>
Top Rated
603 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8 out of 101
16 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow'>trScore algorithm: Learn more.</a>
Score 8.7 out of 101

Add comparison

Likelihood to Recommend

Abila MIP Fund Accounting

Because I work in the FQHC world, I would recommend this product specifically for any business or end user within that field. This product allows people in this field to comply with federal reporting requirements, makes it easier to track grants, and allows for the slicing and dicing of financial statements in many ways which is important in this field. This product is good for most day to day accounting functions and is pretty robust as well for an FQHC. This product is probably less appropriate for large healthcare systems where you want to keep track of statistics which this product cannot currently do.
Erich Koch profile photo

AvidXchange

Companies struggling through a manual AP process with a high volume of invoices received every month should consider AvidXchange. They would benefit by freeing up the time and effort of accounting employees, who may then have the time to focus on other duties. Companies with minimal invoices wouldn't be a good fit. The system works best with high invoice volumes.
Suzanne Crockett profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.6
AvidXchange
Pay calculation
Abila MIP Fund Accounting
8.8
AvidXchange
Benefit plan administration
Abila MIP Fund Accounting
7.0
AvidXchange
Direct deposit files
Abila MIP Fund Accounting
8.9
AvidXchange
Salary revision and increment management
Abila MIP Fund Accounting
7.0
AvidXchange
Reimbursement management
Abila MIP Fund Accounting
6.3
AvidXchange

Customization

Abila MIP Fund Accounting
7.6
AvidXchange
API for custom integration
Abila MIP Fund Accounting
7.6
AvidXchange
Plug-ins
Abila MIP Fund Accounting
7.5
AvidXchange

Security

Abila MIP Fund Accounting
8.4
AvidXchange
Single sign-on capability
Abila MIP Fund Accounting
8.4
AvidXchange
Role-based user permissions
Abila MIP Fund Accounting
8.4
AvidXchange

Reporting & Analytics

Abila MIP Fund Accounting
7.3
AvidXchange
Dashboards
Abila MIP Fund Accounting
6.2
AvidXchange
Standard reports
Abila MIP Fund Accounting
7.8
AvidXchange
Custom reports
Abila MIP Fund Accounting
7.9
AvidXchange

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.5
AvidXchange
Accounts payable
Abila MIP Fund Accounting
8.5
AvidXchange
Accounts receivable
Abila MIP Fund Accounting
8.1
AvidXchange
Cash management
Abila MIP Fund Accounting
7.9
AvidXchange
Bank reconciliation
Abila MIP Fund Accounting
8.4
AvidXchange
Expense management
Abila MIP Fund Accounting
8.0
AvidXchange
Time tracking
Abila MIP Fund Accounting
6.6
AvidXchange
Fixed asset management
Abila MIP Fund Accounting
7.5
AvidXchange
Multi-currency support
Abila MIP Fund Accounting
6.0
AvidXchange
Multi-division support
Abila MIP Fund Accounting
8.3
AvidXchange
Regulations compliance
Abila MIP Fund Accounting
8.1
AvidXchange
Electronic tax filing
Abila MIP Fund Accounting
7.6
AvidXchange
Self-service portal
Abila MIP Fund Accounting
5.8
AvidXchange
Standardized Processes
Abila MIP Fund Accounting
7.0
AvidXchange

Inventory Management

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

Order Management

Abila MIP Fund Accounting
4.6
AvidXchange
Pricing
Abila MIP Fund Accounting
6.7
AvidXchange
Order entry
Abila MIP Fund Accounting
6.7
AvidXchange
Credit card processing
Abila MIP Fund Accounting
2.5
AvidXchange
Cost of goods sold
Abila MIP Fund Accounting
2.7
AvidXchange

Accounting Firm BPO Features

Abila MIP Fund Accounting
6.9
AvidXchange
Client data roll-up capabilities
Abila MIP Fund Accounting
7.7
AvidXchange
Configurable alerts
Abila MIP Fund Accounting
7.3
AvidXchange
Billing bypass
Abila MIP Fund Accounting
6.3
AvidXchange
Client template cloning
Abila MIP Fund Accounting
7.6
AvidXchange
Single sign-on
Abila MIP Fund Accounting
4.5
AvidXchange
Industry-specific versioning
Abila MIP Fund Accounting
8.4
AvidXchange
Legacy system data migration
Abila MIP Fund Accounting
6.8
AvidXchange

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
  • It's amazing. You can be an owner of multiple companies and have all the invoices paid from one solution, and it's all online and at your fingertips.
  • Set up each company with their own bank account code the expense, review the invoice and send it for approval.
  • Transparency. The approval process it set up at all levels. So you can have a first coded - then the department or manager that oversaw the work approve - then the final release of payment the accounting looking at the bank balance. You can set up at a certain dollar amount to receive a second or third approval if your company has partners or Board members.
  • I have nine (9) different locations and global vendors in our set up. If I did not have AvidXchange, a day of check cutting [is what] I would need for each location and that is what I would do all week long. This is a click of the button, an approval process, a complete assembly line that works perfect and a massive time saver so I spend one hour a day on this.
Shawna Guajardo-Vickers 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
  • Credit Memos needs to be a better function. Currently this function does not work properly and pulls over into our accounting software Intacct.
Shawna Guajardo-Vickers profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.0
Based on 37 answers
We are so used to this software there is no chance of us starting with a new software and re-learning every step.we are content with the software at this moment and feel there is no need to look for a new accounting software
Luis Godoy profile photo
AvidXchange8.2
Based on 5 answers
It is nearly failure proof, has amazing "up time", and has (overall) reduced our personnel and check printing costs.
Richard Maritt, CMCA, AMS profile photo

Usability

Abila MIP Fund Accounting8.7
Based on 34 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
AvidXchange8.2
Based on 1 answer
Except the one difficult/cumbersome point I made, it is a strong, solid, easy-to-use system.
Richard Maritt, CMCA, AMS 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
AvidXchange9.0
Based on 1 answer
No answer on this topic is available.

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
AvidXchange8.0
Based on 1 answer
No answer on this topic is available.

Support

Abila MIP Fund Accounting8.6
Based on 32 answers
I have been using this software for six years and love it
Danielle Apthorp profile photo
AvidXchange8.2
Based on 2 answers
Except for occasional escalations needed to Level 2 support, they are efficient and quick with nearly all requests.
Richard Maritt, CMCA, AMS 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
No score
No answers yet
No answers on this topic

Implementation

Abila MIP Fund Accounting6.8
Based on 19 answers
I do not know about the implementation of the software as I was not employed by the agency at that time
Janet Resendiz profile photo
AvidXchange7.3
Based on 1 answer
No answer on this topic is available.

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
I have not used any other program to compare with AvidXchange.
No photo available

Scalability

Abila MIP Fund Accounting9.0
Based on 6 answers
I have had some issues with the software suddenly closing with no reason given.
Christine Frenzel profile photo
No score
No answers yet
No answers on this topic

Return on Investment

  • Hard to quantify the return on investment. Purchasing accounting software is a necessary evil and the payback is hard to measure. Basically MIP is another expense we incur each month in order to keep our books. If MIP could add some better features to its system, there could be a better ROI.
  • I think if you have MIP set up properly you could probably eliminate an FTE from your accounting department. I was able to get by with 2 people when most places would of had 3 or 4 with the same amount of work. The key though is knowing how to use the product, and setting it up correctly.
Erich Koch profile photo
  • I think their customer service needs some improvement and better training module for their clients. Video training just does not work for all organizations.
No photo available

Screenshots

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

AvidXchange

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