What users are saying about

Abila MIP Fund Accounting

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Top Rated
603 Ratings
19 Ratings

Abila MIP Fund Accounting

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Top Rated
603 Ratings
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Score 7.9 out of 101
19 Ratings
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Score 7.9 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

Coupa

This tool is so incredibly affordable even the smallest of companies should be using it. You can easily pay for the system with successful sourcing events. The system is so configurable I'm not sure there is an industry it wouldn’t be successful in. From a retail perspective, I love the hosted catalog, sourcing, and P2P modules, they're exactly what I need.
Scott Coleman CPSM, CPSD, C.P.M profile photo

Feature Rating Comparison

Payroll Management

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

Customization

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

Security

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

Reporting & Analytics

Abila MIP Fund Accounting
7.3
Coupa
Dashboards
Abila MIP Fund Accounting
6.3
Coupa
Standard reports
Abila MIP Fund Accounting
7.7
Coupa
Custom reports
Abila MIP Fund Accounting
7.9
Coupa

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.6
Coupa
Accounts payable
Abila MIP Fund Accounting
8.4
Coupa
Accounts receivable
Abila MIP Fund Accounting
8.1
Coupa
Cash management
Abila MIP Fund Accounting
7.9
Coupa
Bank reconciliation
Abila MIP Fund Accounting
8.4
Coupa
Expense management
Abila MIP Fund Accounting
8.0
Coupa
Time tracking
Abila MIP Fund Accounting
6.8
Coupa
Fixed asset management
Abila MIP Fund Accounting
7.6
Coupa
Multi-currency support
Abila MIP Fund Accounting
6.6
Coupa
Multi-division support
Abila MIP Fund Accounting
8.2
Coupa
Regulations compliance
Abila MIP Fund Accounting
8.1
Coupa
Electronic tax filing
Abila MIP Fund Accounting
7.6
Coupa
Self-service portal
Abila MIP Fund Accounting
6.0
Coupa
Standardized Processes
Abila MIP Fund Accounting
6.9
Coupa

Inventory Management

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

Order Management

Abila MIP Fund Accounting
4.7
Coupa
Pricing
Abila MIP Fund Accounting
6.5
Coupa
Order entry
Abila MIP Fund Accounting
6.9
Coupa
Credit card processing
Abila MIP Fund Accounting
2.5
Coupa
Cost of goods sold
Abila MIP Fund Accounting
2.7
Coupa

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.0
Coupa
Client data roll-up capabilities
Abila MIP Fund Accounting
7.8
Coupa
Configurable alerts
Abila MIP Fund Accounting
7.4
Coupa
Billing bypass
Abila MIP Fund Accounting
6.8
Coupa
Client template cloning
Abila MIP Fund Accounting
7.5
Coupa
Single sign-on
Abila MIP Fund Accounting
4.5
Coupa
Industry-specific versioning
Abila MIP Fund Accounting
8.0
Coupa
Legacy system data migration
Abila MIP Fund Accounting
7.1
Coupa

Pros

  • The vast array of account segmenting allows us to break down our business in many different ways, which gets us the information we need to make sure we are doing business right.
  • We love the ability to process vendor EFT payments, which fits our green thinking and saves lots of paper.
  • Having a cloud based platform allows us to work more efficiently and not have to worry about using the most recent version or keeping up with payroll updates.
Eric Harvey profile photo
  • Ease of use. No IT support is needed. As the procurement manager, I'm also the Coupa administrator. I have the ability to configure, correct, manipulate, etc., the system to our needs.
  • No on-going training. The system, both P2P and Sourcing are incredibly intuitive. Many SAAS modules change dramatically with each new version and require additional training. Coupa does a great job of putting updated, searchable documents on-line to augment any additional training employees may need.
  • Rock solid stability. Coupa is never down, they far exceed the SLAs we have in place with them. I've never had a catastrophic failure or outage with them.
  • SOX compliancy. Need I say more? My internal and external audit teams have given the tool more than a passing grade.
  • Thought leadership. The tool is constantly evolving to live up to the high expectations of its user base. The Coupa Community has skin-in-the-game and Coupa listens to our needs/wants as well as adding their own cutting edge touches to the tool.
Scott Coleman CPSM, CPSD, C.P.M 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
  • Support Team - A little slow in responding. I think the tool is so configurable that they struggle with figuring out what is causing certain issues that are being submitted on the portal.
  • I'd love for the Sourcing Module to be able to support larger events. There seems to be a limit on the number of lines each event can support and as a growing retailer, our store count dictates we have room to grow and that each store is represented in the bid process.
  • Would like to see the ability to issue multiple POs for a single item to multiple locations. The tool may do this but I know I can't and it may be due to how we interface with our ERP.
Scott Coleman CPSM, CPSD, C.P.M profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.0
Based on 38 answers
Since our system has been in place for almost ten years, we occasionally talk about doing a new implementation. We do not talk about moving to a different product. Abila has many options for support, including cloud support, that we can evaluate. The overall satisfaction between HR, Payroll and Accounting is high. We have taken advantage of training and have developed a good level of expertise and the program upgrade features do not require reworking our processes. We have not found the product to impede any of our process improvements and find new ways to utilize the features as time goes on.
Maryann Freepartner profile photo
No score
No answers yet
No answers on this topic

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
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 Accounting8.6
Based on 32 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 Accounting6.8
Based on 19 answers
I believe implementation went well because of the way training was setup. We started with a classroom setting to go thru all aspects of the software then practicing setup before going live.
Shirley Merrick 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
We looked at a number of solutions. Due to retail's high turnover rate I needed a stable tool that was extremely intuitive that store level employees would find easy (and maybe fun) to use. Coupa is so configurable I can set up each store with different spend authorizations to help manage spend at that level
Scott Coleman CPSM, CPSD, C.P.M 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

  • 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
  • Coupa helps ensure virtually all purchase orders are in compliance with company policies
  • Coupa makes it easy to audit previously processed purchase orders
Tolulope Lawal 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

Coupa

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