What users are saying about

Abila MIP Fund Accounting

Top Rated
601 Ratings

Financial Edge

19 Ratings

Abila MIP Fund Accounting

Top Rated
601 Ratings
Score 7.9 out of 101

Financial Edge

19 Ratings
Score 7.8 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

Financial Edge

We would like to eventually have an all-in-one solution for billing/AR. We are a membership organization and currently have to host an additional database for billing, then post those transactions to FE. For this reason, we do not feel Financial Edge is best-suited for our accounts receivable needs; as we still have to incur costs associated with hosting another database to do what we need to do. On-the-other-hand, Accounts Payable module works well for our business needs. We primarily process check payments and bank drafts and this module makes it easy to manage payments and correcting errors (i.e. deleting invoices or reprinting a check that did not print properly) is fairly simple.
Sunny Reed profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
8.0
Financial Edge
Pay calculation
Abila MIP Fund Accounting
8.6
Financial Edge
Benefit plan administration
Abila MIP Fund Accounting
8.1
Financial Edge
Direct deposit files
Abila MIP Fund Accounting
8.7
Financial Edge
Salary revision and increment management
Abila MIP Fund Accounting
7.3
Financial Edge
Reimbursement management
Abila MIP Fund Accounting
7.3
Financial Edge

Customization

Abila MIP Fund Accounting
7.4
Financial Edge
6.0
API for custom integration
Abila MIP Fund Accounting
7.4
Financial Edge
Plug-ins
Abila MIP Fund Accounting
7.3
Financial Edge
6.0

Security

Abila MIP Fund Accounting
8.4
Financial Edge
9.2
Single sign-on capability
Abila MIP Fund Accounting
8.3
Financial Edge
10.0
Role-based user permissions
Abila MIP Fund Accounting
8.4
Financial Edge
8.5

Reporting & Analytics

Abila MIP Fund Accounting
7.4
Financial Edge
6.3
Dashboards
Abila MIP Fund Accounting
6.5
Financial Edge
6.1
Standard reports
Abila MIP Fund Accounting
7.8
Financial Edge
5.4
Custom reports
Abila MIP Fund Accounting
7.9
Financial Edge
7.4

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.5
Financial Edge
7.3
Accounts payable
Abila MIP Fund Accounting
8.5
Financial Edge
7.9
Accounts receivable
Abila MIP Fund Accounting
8.1
Financial Edge
8.0
Cash management
Abila MIP Fund Accounting
8.0
Financial Edge
8.0
Bank reconciliation
Abila MIP Fund Accounting
8.4
Financial Edge
8.7
Expense management
Abila MIP Fund Accounting
8.0
Financial Edge
7.3
Time tracking
Abila MIP Fund Accounting
7.1
Financial Edge
7.0
Fixed asset management
Abila MIP Fund Accounting
7.6
Financial Edge
7.0
Multi-currency support
Abila MIP Fund Accounting
6.2
Financial Edge
Multi-division support
Abila MIP Fund Accounting
8.1
Financial Edge
Regulations compliance
Abila MIP Fund Accounting
7.9
Financial Edge
6.0
Electronic tax filing
Abila MIP Fund Accounting
7.6
Financial Edge
Self-service portal
Abila MIP Fund Accounting
5.6
Financial Edge
10.0
Standardized Processes
Abila MIP Fund Accounting
6.6
Financial Edge
8.0
Global Financial Support
Abila MIP Fund Accounting
Financial Edge
8.0
Primary and Secondary Ledgers
Abila MIP Fund Accounting
Financial Edge
6.0
Intercompany Accounting
Abila MIP Fund Accounting
Financial Edge
6.0
Journals and Reconciliations
Abila MIP Fund Accounting
Financial Edge
9.0
Configurable Accounting
Abila MIP Fund Accounting
Financial Edge
3.0

Inventory Management

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

Order Management

Abila MIP Fund Accounting
4.7
Financial Edge
Pricing
Abila MIP Fund Accounting
6.7
Financial Edge
Order entry
Abila MIP Fund Accounting
6.8
Financial Edge
Credit card processing
Abila MIP Fund Accounting
2.5
Financial Edge
Cost of goods sold
Abila MIP Fund Accounting
2.7
Financial Edge

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.0
Financial Edge
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
Financial Edge
Configurable alerts
Abila MIP Fund Accounting
7.1
Financial Edge
Billing bypass
Abila MIP Fund Accounting
6.5
Financial Edge
Client template cloning
Abila MIP Fund Accounting
7.6
Financial Edge
Single sign-on
Abila MIP Fund Accounting
4.5
Financial Edge
Industry-specific versioning
Abila MIP Fund Accounting
8.3
Financial Edge
Legacy system data migration
Abila MIP Fund Accounting
7.0
Financial Edge

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
  • F-9 Reporting is a great tool. We are able to build custom financials for our Finance Committees and Board of Directors and choose how we want to present information to these parties.
  • The AP Module is easy to use and has a "common sense" format.
  • The ability to reference various dates/periods in one journal entry is awesome!
Sunny Reed 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
  • In the list view of Journal Entries, it would be great if we could see the post date in addition to the date added.
  • Fixed Asset module is not set up for some unique scenarios (removing a previously "acquired asset" that was not necessarily disposed of, but place in FA in error).
  • Reporting within the FE application is not so great, so F-9 saves the day with respect to reporting.
Sunny Reed profile photo

Likelihood to Renew

Abila MIP Fund Accounting8.8
Based on 35 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
No score
No answers yet
No answers on this topic

Usability

Abila MIP Fund Accounting8.6
Based on 33 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 Accounting8.9
Based on 6 answers
I refer back to the previous questions. It has suddenly quit on me.
Christine Frenzel 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 Accounting8.4
Based on 30 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
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 Accounting9.9
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 19 answers
Again, I was not directly involved with the planning and setup of the software. However, I was involved in training my staff during the implementation phase. As with any software implementation, consistency of training is key and a willingness to seek out help from Customer Support helps tremendously to insure accuracy of information and training.
Jeffrey Chapman profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

GMS was not 2000 compliant. Fundware was sold and went out of business. A number of peers in related organizations used MIP and recommended it. This is helpful when you have a problem or a desire to try something new, and can sound it off of others that are familiar with product and the programs you run.
Kathy Dugan profile photo
There is no comparison. Fundware was such a dated application and I couldn't believe we were using it as long as we were. Financial Edge allows us to post entries to multiple dates in a single entry and edit the post date as we go. When we used Fundware, we had to edit the business date prior to creating the entry and if we needed to post to multiple periods, we had to repeat these steps and create a new entry for each period. This alone has saved us so much time.
Sunny Reed profile photo

Scalability

Abila MIP Fund Accounting8.9
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
  • That is difficult to answer, as the organization has used Financial Edge for a very long time. I would say the ability to add a project ID to any transaction in the GL makes it much easier to report on all revenue and expenses belonging to a single project, without having to create project-specific accounts.
Petra Hall profile photo

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

Financial Edge

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