What users are saying about

Abila MIP Fund Accounting

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Top Rated
603 Ratings

Abila MIP Fund Accounting

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Top Rated
603 Ratings
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Score 8 out of 101
2 Ratings
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Score 8.5 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

Bento for Business

If you have a remote workforce and want to save time and/ or inconvenience for employees by eliminating expense reports, this is a great product. You lose a little control over expenses but we just created a policy in our employee handbook to clarify the misuse of funds and set category restrictions on the card. If you have everyone relying on this, you can have one person make a large purchase that depletes all of the funds. A free transfer takes 2 days but an immediate transfer to correct no funds has a fee ($30 for my bank)
Daniel Ledbetter profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.6
Bento for Business
Pay calculation
Abila MIP Fund Accounting
8.8
Bento for Business
Benefit plan administration
Abila MIP Fund Accounting
7.0
Bento for Business
Direct deposit files
Abila MIP Fund Accounting
8.7
Bento for Business
Salary revision and increment management
Abila MIP Fund Accounting
7.0
Bento for Business
Reimbursement management
Abila MIP Fund Accounting
6.4
Bento for Business

Customization

Abila MIP Fund Accounting
7.7
Bento for Business
API for custom integration
Abila MIP Fund Accounting
7.7
Bento for Business
Plug-ins
Abila MIP Fund Accounting
7.7
Bento for Business

Security

Abila MIP Fund Accounting
8.5
Bento for Business
Single sign-on capability
Abila MIP Fund Accounting
8.4
Bento for Business
Role-based user permissions
Abila MIP Fund Accounting
8.5
Bento for Business

Reporting & Analytics

Abila MIP Fund Accounting
7.5
Bento for Business
Dashboards
Abila MIP Fund Accounting
6.5
Bento for Business
Standard reports
Abila MIP Fund Accounting
7.9
Bento for Business
Custom reports
Abila MIP Fund Accounting
8.1
Bento for Business

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.7
Bento for Business
Accounts payable
Abila MIP Fund Accounting
8.5
Bento for Business
Accounts receivable
Abila MIP Fund Accounting
8.2
Bento for Business
Cash management
Abila MIP Fund Accounting
7.9
Bento for Business
Bank reconciliation
Abila MIP Fund Accounting
8.5
Bento for Business
Expense management
Abila MIP Fund Accounting
8.1
Bento for Business
Time tracking
Abila MIP Fund Accounting
6.8
Bento for Business
Fixed asset management
Abila MIP Fund Accounting
7.7
Bento for Business
Multi-currency support
Abila MIP Fund Accounting
6.6
Bento for Business
Multi-division support
Abila MIP Fund Accounting
8.3
Bento for Business
Regulations compliance
Abila MIP Fund Accounting
8.1
Bento for Business
Electronic tax filing
Abila MIP Fund Accounting
7.7
Bento for Business
Self-service portal
Abila MIP Fund Accounting
6.2
Bento for Business
Standardized Processes
Abila MIP Fund Accounting
6.9
Bento for Business

Inventory Management

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

Order Management

Abila MIP Fund Accounting
4.7
Bento for Business
Pricing
Abila MIP Fund Accounting
6.5
Bento for Business
Order entry
Abila MIP Fund Accounting
7.0
Bento for Business
Credit card processing
Abila MIP Fund Accounting
2.5
Bento for Business
Cost of goods sold
Abila MIP Fund Accounting
2.7
Bento for Business

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.1
Bento for Business
Client data roll-up capabilities
Abila MIP Fund Accounting
7.8
Bento for Business
Configurable alerts
Abila MIP Fund Accounting
7.4
Bento for Business
Billing bypass
Abila MIP Fund Accounting
6.8
Bento for Business
Client template cloning
Abila MIP Fund Accounting
7.5
Bento for Business
Single sign-on
Abila MIP Fund Accounting
4.5
Bento for Business
Industry-specific versioning
Abila MIP Fund Accounting
8.0
Bento for Business
Legacy system data migration
Abila MIP Fund Accounting
7.6
Bento for Business

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
  • Track expenses by employee
  • Restrict purchases based on amount and category
  • Import transactions directly into QuickBooks
Daniel Ledbetter profile photo

Cons

  • The interface is not very user friendly. It can be daunting or intimidating for users who may not have knowledge of accounting software.
  • I feel that if Drillpoint reports can be integrated with the Scheduler Module, it would make reporting and data manipulation even better.
Donavan Lam, CPA profile photo
  • All of the money on the cards is shared by everyone and can't be assigned to just one card
  • They are improving classifying transactions, but sometimes they are misclassified and employees have transactions declined
  • Limits are based on a day/month/week. It'd be nice if they were limited based on a single transaction too
Daniel Ledbetter profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.2
Based on 42 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
No score
No answers yet
No answers on this topic

Usability

Abila MIP Fund Accounting8.9
Based on 37 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
No score
No answers yet
No answers on this topic

Reliability and Availability

Abila MIP Fund Accounting9.0
Based on 6 answers
It is mostly available when it is needed, however there have been power and internet outages that have limited the availability of programs.
Cindy Chapple profile photo
No score
No answers yet
No answers on this topic

Performance

Abila MIP Fund Accounting9.9
Based on 6 answers
It usually loads very quickly and I am able to get to work right away.
Cindy Chapple profile photo
No score
No answers yet
No answers on this topic

Support

Abila MIP Fund Accounting8.7
Based on 35 answers
Every time we have needed support we had the issue resolved within an hour.
Bianca Jurczak profile photo
No score
No answers yet
No answers on this topic

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 Accounting6.9
Based on 21 answers
I would not implement without the help of a reseller.
Nikki Patterson profile photo
No score
No answers yet
No answers on this topic

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
There are not a lot of other apps like this. Most of them just track expenses without giving employees the ability to use company funds. I understand that in larger companies this may not be an issue, but for our employees, it is nice to not have to use their own money. You can take pictures of receipts to prove what you bought, in-app, like a lot of other expense tracking apps
Daniel Ledbetter 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
No score
No answers yet
No answers on this topic

Return on Investment

  • Abila has streamlined and allowed more tasks to be automated maximizing the efficiency of staff so more staff is not needed.
  • The Maintenance and Support annual fee is a bit expensive and not a very good return especially for the amount of features that are updated from year to year. I don't use support a lot since our systems are pretty efficient so hence I don't think the annual M&S is justifiable.
  • Abila's importing feature allows integration to many different systems which makes Abila very flexible allowing costs to be saved if the owner of the Abila system switches between vendors.
Donavan Lam, CPA profile photo
  • Less time spent on expense reports
  • Employees don't have to spend their own money and then get reimbursed, which can cause friction with management
  • We don't have to use petty cash, which is hard to track and promotes theft
  • Saves a lot of time importing expenses directly into QuickBooks
  • It does take time to get used to how long transfer take and when to initiate them. Setting up auto replenishments can get expensive if you don't pay attention
Daniel Ledbetter profile photo

Pricing Details

Abila MIP Fund Accounting

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Abila MIP Fund Accounting Editions & Modules
Abila MIP Fund Accounting
Additional Pricing Details

Bento for Business

General
Free Trial
Yes
Free/Freemium Version
Yes
Premium Consulting/Integration Services
Entry-level set up fee?
No
Bento for Business Editions & Modules
Bento for Business
Edition
Free
$01
Team
$29/month2
Professional
$69/month3
Enterprise
$149/month4
1. 2 People or Cards (1 must be business owner)
2. Up to 10 People or Cards
3. Up to 20 People or Cards
4. More than 20 People or Cards
Additional Pricing Details