Centage vs. MIP Fund Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Centage
Score 9.7 out of 10
N/A
Centage (Planning Maestro) offers a way to plan, budget, forecast and report financial performance by enabling finance teams to see into the future, and test the impact of different scenarios, in order to make faster decisions with confidence. The software streamlines the entire planning process, delivering sophisticated financial intelligence to empowers users to make faster, more informed decisions, so they can react quickly to market changes, take intelligent risks and capitalize on new…N/A
MIP Fund Accounting
Score 8.7 out of 10
N/A
MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.N/A
Pricing
CentageMIP Fund Accounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
CentageMIP Fund Accounting
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeRequiredNo setup fee
Additional Details
More Pricing Information
Community Pulse
CentageMIP Fund Accounting
Considered Both Products
Centage

No answer on this topic

MIP Fund Accounting
Chose MIP Fund Accounting
We try first with an app only for pay money to our clients and we do not have any opportunity to manage our business, we used it to pay and to create a confidence relation with our clients, and it works for some time, but using MIP we spread our responsibility, making it easier …
Top Pros
Top Cons
Features
CentageMIP Fund Accounting
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Centage
6.4
1 Ratings
24% below category average
MIP Fund Accounting
-
Ratings
Customizable dashboards6.41 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Centage
7.3
7 Ratings
13% below category average
MIP Fund Accounting
-
Ratings
Drill-down analysis7.27 Ratings00 Ratings
Formatting capabilities6.15 Ratings00 Ratings
Report sharing and collaboration8.54 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Centage
7.4
5 Ratings
11% below category average
MIP Fund Accounting
-
Ratings
Publish to Web5.51 Ratings00 Ratings
Publish to PDF8.33 Ratings00 Ratings
Report Versioning8.65 Ratings00 Ratings
Report Delivery Scheduling7.31 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Centage
8.1
4 Ratings
5% above category average
MIP Fund Accounting
-
Ratings
Predictive Analytics8.14 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Centage
9.3
8 Ratings
6% above category average
MIP Fund Accounting
-
Ratings
Multi-User Support (named login)9.58 Ratings00 Ratings
Role-Based Security Model9.58 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.58 Ratings00 Ratings
Report-Level Access Control9.37 Ratings00 Ratings
Single Sign-On (SSO)8.63 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Centage
8.8
9 Ratings
6% above category average
MIP Fund Accounting
-
Ratings
Long-term financial planning8.76 Ratings00 Ratings
Financial budgeting9.59 Ratings00 Ratings
Forecasting9.18 Ratings00 Ratings
Scenario modeling8.97 Ratings00 Ratings
Management reporting7.99 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Centage
8.7
5 Ratings
7% above category average
MIP Fund Accounting
-
Ratings
Financial data consolidation8.94 Ratings00 Ratings
Local and consolidated reporting8.65 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Centage
8.0
9 Ratings
3% below category average
MIP Fund Accounting
-
Ratings
Financial Statement Reporting7.97 Ratings00 Ratings
Management Reporting8.38 Ratings00 Ratings
Excel-based Reporting8.88 Ratings00 Ratings
Automated board and financial reporting7.04 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Centage
7.9
3 Ratings
2% below category average
MIP Fund Accounting
-
Ratings
Personalized dashboards7.72 Ratings00 Ratings
Cost and profitability analysis8.23 Ratings00 Ratings
Key Performance Indicator setting7.72 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Centage
8.2
7 Ratings
2% below category average
MIP Fund Accounting
-
Ratings
Flat file integration7.94 Ratings00 Ratings
Excel data integration9.35 Ratings00 Ratings
Direct links to 3rd-party data sources7.34 Ratings00 Ratings
Best Alternatives
CentageMIP Fund Accounting
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.2 out of 10
QuickBooks Desktop Pro
QuickBooks Desktop Pro
Score 8.0 out of 10
Medium-sized Companies
Cube
Cube
Score 9.0 out of 10
Sage Intacct
Sage Intacct
Score 8.7 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.2 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
CentageMIP Fund Accounting
Likelihood to Recommend
9.7
(10 ratings)
8.8
(429 ratings)
Likelihood to Renew
-
(0 ratings)
9.1
(125 ratings)
Usability
9.2
(3 ratings)
8.2
(100 ratings)
Availability
-
(0 ratings)
9.8
(15 ratings)
Performance
-
(0 ratings)
8.5
(84 ratings)
Support Rating
9.4
(3 ratings)
7.8
(99 ratings)
In-Person Training
-
(0 ratings)
10.0
(8 ratings)
Online Training
-
(0 ratings)
8.4
(7 ratings)
Implementation Rating
-
(0 ratings)
6.5
(28 ratings)
Configurability
-
(0 ratings)
8.6
(8 ratings)
Ease of integration
-
(0 ratings)
7.8
(13 ratings)
Product Scalability
-
(0 ratings)
8.7
(15 ratings)
Vendor post-sale
-
(0 ratings)
8.3
(13 ratings)
Vendor pre-sale
-
(0 ratings)
8.1
(13 ratings)
User Testimonials
CentageMIP Fund Accounting
Likelihood to Recommend
Centage
Centage is suited for all types of business. This is what makes this tool so great. It requires some expertise in setting it up and depending on how complex the business is, it may take longer than expected. It's a complex system and if you are not involved in the implementtion it might be hard to learn what is does.
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Community Brands
MIP Fund Accounting is well suited to any company that has multiple funding sources and expenses that they need to keep a close track on. In non-profit organizations we are looked at closely and it is important to be able to accurately show where our revenue comes from and where it is going. MIP Fund Accounting can handle that easily. It is not a system I would recommend to a small business as there are so many features that they would not need for the cost to them, at least not the versions we use.
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Pros
Centage
  • Security setting at the level of the user
  • Expense allocation methods
  • Reporting of Income statement and others
  • Easy definition of parameters such as accounts, cost centers and project cods
Read full review
Community Brands
  • General Ledger processing, including journal entries and reports
  • Ability to download all reports directly to Excel and PDF formats
  • Use of Grant codes to enable grant reporting by month/quarter/year
  • Ability to have multiple departments and consolidate into groups for reporting
  • Accounts Payable and Accounts Receivable cannot be out of balance
  • Multiple ways to use the product including Cloud and Classic options, Visual menu or Standard (Top of screen) menus to select processes, many options we are not using in our simple organization
Read full review
Cons
Centage
  • The Analytics Maestro reports are pretty confusing to create and update. I wish it worked as well as Management Reporter. I continue to load budget into Dynamics SL and run reports there at the GL account/subaccount level
  • I wish that vendors and customers were based structures that could be auto-updated from my ERP like GL accounts. I have to add them manually.
  • Having to manually update our cube seems unnecessary. Shouldn't the cube update itself whenever we make a change?
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Community Brands
  • Could be more streamlined
  • Could have a more basic version (it is a step up in complexity from quickbooks)
  • When trying to go back to a previous page/task (the 'done' or 'back' buttons) sometimes do go back too far, but sometimes they do. More consistency of how those buttons work would help.
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Likelihood to Renew
Centage
No answers on this topic
Community Brands
I would give this software a high ranking for my use of it because I have a lot of experience setting it up properly. What I would like to learn more about this program is it's Drillpoint add on feature as this has a lot of potential to allow managers instant access to their financials and invoices when set up correctly
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Usability
Centage
I've lived through the changes over the years, and I have found that most financially-minded professionals should have no problems using this system.
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Community Brands
I have used this system for about 12 years now and I still learning how to use it. It always surprises me how there is another report to learn to achieve my data reporting goals. It is great to have a system that you have used long enough to feel comfortable with but also a system that allows you to learn new ways to report and enter data into the system
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Reliability and Availability
Centage
No answers on this topic
Community Brands
I have rarely encountered any issues accessing MIP Fund Accounting over the years. On the rare occasions when availability was interrupted, the reasons were always found in-house when using the on-premises version. Since we have migrated to the MIP cloud, we have had no issues with availability. Any maintenance or updates are always communicated to us and are usually done outside of business hours.
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Performance
Centage
No answers on this topic
Community Brands
We are able to generate reports in any format that we need to show the information that we have in a clear way that is easy for staff and our boards to read. We can easily run the reports agency-wide or break them down by fund or project, showing the details that we need.
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Support Rating
Centage
The team makes sure that you get what you need out of the software. They will do whatever is in their power to make sure you're happy and are getting back your investment (time and money).
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Community Brands
I have not reached out to MIP for technical support; however, their website offers great help resources so I can solve an issue on my own. Another team member reached out to MIP for support and was helped quickly. The transition process took longer than expected due to a lag in communication.
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In-Person Training
Centage
No answers on this topic
Community Brands
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.
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Online Training
Centage
No answers on this topic
Community Brands
Denise O'Malley provided training for the HR module when we added it to our system. Denise also gave us a demo of the EWS module which we were able to see that it would not meet our needs. She was very kind about and understanding regarding the functions we needed with a time clock system.
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Implementation Rating
Centage
No answers on this topic
Community Brands
Don't waste your time with MIP. There are plenty of other softwares out there that will do the job better. Do your homework. Get references from actual users. Make sure that what you choose will truly integrate. Make sure that there is local support. Get training. You will be glad that you passed this one by. Trust me.
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Alternatives Considered
Centage
Planning Maestro stacks up well with other budgeting systems we evaluated about 10 years ago. Reasonable cost for what we need and we are grateful for timely and responsive support system.
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Community Brands
This is the first time I've worked in the non-profit world. Accounting is somewhat different so I am very glad to be using a product designed specifically for non-profits. Many accounting processes are similar of course, but it is nice to have them tailored to fit the requirements of a non-profit organization.
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Scalability
Centage
No answers on this topic
Community Brands
The flexibility to create certain features are helpful and are designed to be easier on MIP Accounting Cloud. It has been easier than the MIP Accounting classic version. I may have not fully utilized the software to deploy across multiple departments other than generating revenue reports or expenses. As well as developing budget worksheets for our departments. Which are great as it is, but have not gone farther than that.
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Return on Investment
Centage
  • This product has saved us hundreds of hours in time to produce our budget.
  • The ability of have more than one person in the system is invaluable.
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Community Brands
  • We don't use all the add-ons, but for the basic accounting that we need it for it is an excellent product. We have been using it since 2001. There are other products on the market, but this suits our needs completely.
  • It is easy to learn, with a lot of online support.
  • New staff learn to use the system quite easily.
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ScreenShots

Centage Screenshots

Screenshot of

MIP Fund Accounting Screenshots

Screenshot of MIP Advance™ Dashboards with drilldownScreenshot of MIP™ Transactions WorkflowScreenshot of MIP DashboardsScreenshot of MIP DashboardsScreenshot of MIP Dashboard drilldownScreenshot of MIP Transactions