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
7 Ratings
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Score 4.8 out of 101

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Likelihood to Recommend

Abila MIP Fund Accounting

Aliba MIP Fund Accounting would be good for a growing non-profit organization that wants to free up time to focus on their mission by enabling automatic privacy controls, organizing funds to decide where money goes and taking data from an existing system to use in Abila MIP.
Brandon Adawi profile photo

FinancialForce Accounting

For accounting systems, users and/or evaluators often want to see some type of matrix or "heads up" comparisons of specific features and functionality of a system in key areas such as:1) General Ledger2) Order to Cash cycle3) Purchase to Pay cycle4) Cash management5) Inventory and/or Cost Accounting (Projects/Jobs, etc)6) Revenue Recognition7) Fixed Assets management8) Budgets9) Tax10) Reports and AnalysisIt would be great if this kind of matrix existed to be filled in by reviewers so that others could benefit from their perspectives about the applications and how they address or handle the specific features/functionality.With respect to FinancialForce, the company has found that nearly all the key features it needed were available from the application.
Lynne Taylor profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.7
FinancialForce Accounting
8.4
Pay calculation
Abila MIP Fund Accounting
8.7
FinancialForce Accounting
8.5
Benefit plan administration
Abila MIP Fund Accounting
7.2
FinancialForce Accounting
8.0
Direct deposit files
Abila MIP Fund Accounting
8.6
FinancialForce Accounting
9.0
Salary revision and increment management
Abila MIP Fund Accounting
7.1
FinancialForce Accounting
8.5
Reimbursement management
Abila MIP Fund Accounting
6.8
FinancialForce Accounting
8.0

Customization

Abila MIP Fund Accounting
8.0
FinancialForce Accounting
7.0
API for custom integration
Abila MIP Fund Accounting
7.9
FinancialForce Accounting
7.0
Plug-ins
Abila MIP Fund Accounting
8.1
FinancialForce Accounting
7.0

Security

Abila MIP Fund Accounting
8.5
FinancialForce Accounting
9.0
Single sign-on capability
Abila MIP Fund Accounting
8.5
FinancialForce Accounting
9.0
Role-based user permissions
Abila MIP Fund Accounting
8.6
FinancialForce Accounting
9.0

Reporting & Analytics

Abila MIP Fund Accounting
7.6
FinancialForce Accounting
6.3
Dashboards
Abila MIP Fund Accounting
6.8
FinancialForce Accounting
8.5
Standard reports
Abila MIP Fund Accounting
8.0
FinancialForce Accounting
6.0
Custom reports
Abila MIP Fund Accounting
8.0
FinancialForce Accounting
4.5

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.8
FinancialForce Accounting
8.5
Accounts payable
Abila MIP Fund Accounting
8.5
FinancialForce Accounting
8.0
Accounts receivable
Abila MIP Fund Accounting
8.2
FinancialForce Accounting
8.0
Cash management
Abila MIP Fund Accounting
8.0
FinancialForce Accounting
8.0
Bank reconciliation
Abila MIP Fund Accounting
8.5
FinancialForce Accounting
8.5
Expense management
Abila MIP Fund Accounting
8.2
FinancialForce Accounting
8.0
Time tracking
Abila MIP Fund Accounting
7.0
FinancialForce Accounting
9.0
Fixed asset management
Abila MIP Fund Accounting
7.7
FinancialForce Accounting
8.5
Multi-currency support
Abila MIP Fund Accounting
7.2
FinancialForce Accounting
9.5
Multi-division support
Abila MIP Fund Accounting
8.3
FinancialForce Accounting
9.0
Regulations compliance
Abila MIP Fund Accounting
8.2
FinancialForce Accounting
8.5
Electronic tax filing
Abila MIP Fund Accounting
7.8
FinancialForce Accounting
9.0
Self-service portal
Abila MIP Fund Accounting
6.6
FinancialForce Accounting
8.0
Standardized Processes
Abila MIP Fund Accounting
7.1
FinancialForce Accounting

Inventory Management

Abila MIP Fund Accounting
4.2
FinancialForce Accounting
7.8
Inventory tracking
Abila MIP Fund Accounting
7.3
FinancialForce Accounting
8.0
Automatic reordering
Abila MIP Fund Accounting
1.0
FinancialForce Accounting
7.5
Location management
Abila MIP Fund Accounting
7.7
FinancialForce Accounting
8.5
Manufacturing module
Abila MIP Fund Accounting
1.0
FinancialForce Accounting
7.0

Order Management

Abila MIP Fund Accounting
4.8
FinancialForce Accounting
8.1
Pricing
Abila MIP Fund Accounting
6.7
FinancialForce Accounting
8.0
Order entry
Abila MIP Fund Accounting
7.2
FinancialForce Accounting
8.0
Credit card processing
Abila MIP Fund Accounting
2.5
FinancialForce Accounting
8.5
Cost of goods sold
Abila MIP Fund Accounting
2.7
FinancialForce Accounting
8.0

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.1
FinancialForce Accounting
8.5
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
FinancialForce Accounting
8.5
Configurable alerts
Abila MIP Fund Accounting
7.7
FinancialForce Accounting
9.0
Billing bypass
Abila MIP Fund Accounting
7.1
FinancialForce Accounting
8.0
Client template cloning
Abila MIP Fund Accounting
7.2
FinancialForce Accounting
9.0
Single sign-on
Abila MIP Fund Accounting
4.5
FinancialForce Accounting
9.0
Industry-specific versioning
Abila MIP Fund Accounting
8.0
FinancialForce Accounting
8.0
Legacy system data migration
Abila MIP Fund Accounting
7.5
FinancialForce Accounting
8.5
Branded client dashboards
Abila MIP Fund Accounting
FinancialForce Accounting
8.5
Client data consolidation for benchmarking
Abila MIP Fund Accounting
FinancialForce Accounting
8.5
Configurable client onboarding questions
Abila MIP Fund Accounting
FinancialForce Accounting
8.5
Cross-client workflow management
Abila MIP Fund Accounting
FinancialForce Accounting
8.5

Pros

  • Data conversion from our previous system to Abila MIP Fund Accounting was made as seamlessly as possible. We were able to successfully integrate without trouble and leaving us with continuity in our data.
  • The help that we received in developing SOPs for our growing organization proved difficult prior to using the help from Abila MIP. Once we were up and running with the service we got what we needed and were able to make our organization's procedures as ordered as a larger and more established company would have.
  • The ability to see where our funds would most effectively be spent helped us utilize them so that we could make best use four our investors.
Brandon Adawi profile photo
  • For Salesforce Enterprise Edition users, FinancialForce extends the CRM and any custom objects or applications built or installed for operations/manufacturing/services to create a complete end-to-end solution on the force.com platform.
  • Turning a sales quote or order into an invoice is seamless and intuitive, allowing sales and accounting to work together to share information and decrease time to bill. Credit processing when necessary follows a similarly seamless path.
  • Cash matching and bank reconciliation processing is streamlined with bank uploads and ability to easily match transactions with intuitive interface that checks and validates balances, increasing cash handling and accuracy.
  • Financial reporting using native Salesforce report capabilities is drag-and-drop, and ability to build custom reports using multiple data objects is flexible and easy to learn.
  • FinancialForce has a great support team and the ability to log a support case and manage the case through resolution and close has increased user adoption and satisfaction.
  • Multicurrency capability is particularly important for the company and FinancialForce handles this well with home and dual currency, easy to set up and ability to provide visibility and reporting for operations regarding impact of currency fluctuations has provided better decision making for management.
  • Intercompany transaction processing is easy to set up and use.
Lynne Taylor profile photo

Cons

  • We would like to show budget, actual expense, and encumbered expenses in the same report so that we could compare budgets to a combined total of actual costs and encumbered costs.
  • We would like the payroll module to stop allocating benefits on both salary and expenses. If you use Microix to track employee expenses, like mileage, MIP will use the expenses and the salary, from Microix, as the basis for benefit allocation. Only the salary should be used.
  • MIP does not recalculate annual leave balances when an employee's salary changes so we have to use an outside program to calculate the revisions and import it back to MIP. Our old accounting software, Fundware, was able to make this calculation.
  • The allocation module is so complex that our auditors and monitors where unable to follow the path. This had to do with the number of segments we used. We now allocate on a spreadsheet and import to MIP.
Kathy Dugan profile photo
  • While FinancialForce does provide a robust reporting engine application for free (in addition to the large number of out-of-the-box standard Salesforce reports that come with the app), the reporting engine can be overwhelming for the average user to configure and learn. This is improving with each new release but is not out yet.
  • While the company doesn't use purchase orders, there may be a need at some point in the future to do procurement of non-operations goods and services. This functionality isn't currently supported by FinancialForce, although there is the ability to create custom purchase objects in Salesforce and integrate them with payable invoices object.
  • The company would also find a simple, straightforward expense reporting and reimbursement app that integrated with payable invoices or journals useful, in order to get away from expense report management by spreadsheet. There is no current application offered or supported by FinancialForce for this, but companies can opt to install (and pay for licenses) to use other, third party applications that handle this functionality.
Lynne Taylor profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.2
Based on 42 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
FinancialForce Accounting10.0
Based on 1 answer
The company has now converted its legacy, "home grown" operations system and built it on the force.com platform, and the integration between it and FinancialForce is deeply entrenched. No other application would be able to replicate this functionality, and the company will be able to scale and leverage the force.com platform as it grows.
Lynne Taylor profile photo

Usability

Abila MIP Fund Accounting8.8
Based on 38 answers
It is a great software to use but it can still improve in some areas. Like if they could add spelling check function. Most software this day has spelling check as a standard function. Maybe if they could also expand the filters available when running custom reports would be very helpful
Luis Godoy profile photo
FinancialForce Accounting10.0
Based on 1 answer
Change management is always an issue, but the evidence of the application's usability is that both long-time employees (used to the legacy systems for many years) and newer employees have been able to learn the system and improve their business processes.
Lynne Taylor 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
FinancialForce Accounting10.0
Based on 1 answer
Unless the internet is completely unavailable - which has not happened yet - the application is always accessible. Since FinancialForce is built on the force.com platform, it's uptime is tied to Salesforce security and system performance standards
Lynne Taylor profile photo

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
FinancialForce Accounting9.0
Based on 1 answer
If Visualforce pages are enabled, they sometimes slow down the load time.
Lynne Taylor profile photo

Support

Abila MIP Fund Accounting8.7
Based on 35 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
FinancialForce Accounting10.0
Based on 1 answer
The response time for FinancialForce is exemplary. Immediate acknowledgement of the support request by automatically logging a case/ticket on the provider side, then less than 24-hour follow up by a support team member with specific questions, information or resolution for the issue.
Lynne Taylor 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 Accounting6.8
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo
FinancialForce Accounting10.0
Based on 1 answer
Through its Xtra login website available to its customers, FinancialForce offers a complete set of online, video tutorials, training and documentation. Each tutorial is "bite-sized", meaning it imparts instructional, step-by-step information in 2-3 minute narrated videos. For a particular cycle or process, like invoices to payments for example, each tutorial builds on the last so that the user can get a complete picture of the steps and process in less than 10 minutes.
Lynne Taylor profile photo

Implementation

Abila MIP Fund Accounting6.9
Based on 21 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
FinancialForce Accounting10.0
Based on 1 answer
The company decided to run parallel for three months in order to soften the impact of the change from the legacy "system" - which users had been interfacing with for over a decade - to FinancialForce. While not recommended, this did provide time for the in-house "super user" team of 2 people to become completely familiar with the application, and thus provide hands-on training and be a resource for the users who would be processing the daily accounting transactions.
Lynne Taylor profile photo

Alternatives Considered

As mentioned earlier, we came from Community Pearl accounting/grant-making/fundraising. It did not allow for the multiple fund tracking like MIP does. We couldn't be happier.
Pat Chase profile photo
Outside CPA was strong proponent of Quickbooks and it was evaluated initially, but size of company, complexity of transactions, eventual move to Salesforce and need for multi-company and multicurrency ruled it out almost from the start. As the only accounting system built natively on Salesforce force.com platform, FinancialForce was the solution of choice. During implementation, Accounting Seed vendor demonstrated their application, but it was also ruled out due to lack of multicurrency functionality and inability to support company future growth
Lynne Taylor profile photo

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

  • Abila MIP Fund Accounting's budgeting and financial statement capabilities permit keeping tabs on spending trends and keeping grant costs within budget constraints, forecasting and advising management in good business decisions.
  • The GL module provides ability to distribute shared-costs according to grant approved methods to ensure a practice of meeting allowable costs for each grant and a fair distribution.
Matt Brager profile photo
  • Metrics: reduced DSO from 190 to 54 days (which is less than industry standard); resulting in company collecting cash about 3.5 times faster
  • Metrics: decreased average time to bill from 4 months 8 days to 1 month 10 days, a result of operations and accounting collaborating to insure billing is done timely.
  • "Opens the door" from the sales and operations departments into the accounting department, providing increased visibility and transparency.
  • Streamlines revenue recognition process and has led to improved, more accurate reporting.
Lynne Taylor profile photo

Screenshots

FinancialForce Accounting

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

FinancialForce Accounting

General
Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
Additional Pricing Details