Abila MIP Fund Accounting

Top Rated
601 Ratings
Score 7.9 out of 101

FinancialForce Accounting

7 Ratings
Score 5.1 out of 101

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Likelihood to Recommend

Abila MIP Fund Accounting

Abila MIP Fund Accounting is well suited for nonprofits that need to do financial reporting by cost center. It is also well suited for financial reporting that crosses fiscal years (such as foundation grants).The basic Abila Fund Accounting package does not appear well suited for electronic bill payment. The Budget module does not offer the flexibility of an Excel-based budgeting and projection system.
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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.
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Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
8.0
FinancialForce Accounting
8.4
Pay calculation
Abila MIP Fund Accounting
8.6
FinancialForce Accounting
8.5
Benefit plan administration
Abila MIP Fund Accounting
8.1
FinancialForce Accounting
8.0
Direct deposit files
Abila MIP Fund Accounting
8.7
FinancialForce Accounting
9.0
Salary revision and increment management
Abila MIP Fund Accounting
7.3
FinancialForce Accounting
8.5
Reimbursement management
Abila MIP Fund Accounting
7.3
FinancialForce Accounting
8.0

Customization

Abila MIP Fund Accounting
7.3
FinancialForce Accounting
7.0
API for custom integration
Abila MIP Fund Accounting
7.4
FinancialForce Accounting
7.0
Plug-ins
Abila MIP Fund Accounting
7.3
FinancialForce Accounting
7.0

Security

Abila MIP Fund Accounting
8.3
FinancialForce Accounting
9.0
Single sign-on capability
Abila MIP Fund Accounting
8.3
FinancialForce Accounting
9.0
Role-based user permissions
Abila MIP Fund Accounting
8.4
FinancialForce Accounting
9.0

Reporting & Analytics

Abila MIP Fund Accounting
7.4
FinancialForce Accounting
6.3
Dashboards
Abila MIP Fund Accounting
6.5
FinancialForce Accounting
8.5
Standard reports
Abila MIP Fund Accounting
7.8
FinancialForce Accounting
6.0
Custom reports
Abila MIP Fund Accounting
7.9
FinancialForce Accounting
4.5

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.5
FinancialForce Accounting
8.5
Accounts payable
Abila MIP Fund Accounting
8.5
FinancialForce Accounting
8.0
Accounts receivable
Abila MIP Fund Accounting
8.1
FinancialForce Accounting
8.0
Cash management
Abila MIP Fund Accounting
8.0
FinancialForce Accounting
8.0
Bank reconciliation
Abila MIP Fund Accounting
8.4
FinancialForce Accounting
8.5
Expense management
Abila MIP Fund Accounting
8.0
FinancialForce Accounting
8.0
Time tracking
Abila MIP Fund Accounting
7.2
FinancialForce Accounting
9.0
Fixed asset management
Abila MIP Fund Accounting
7.6
FinancialForce Accounting
8.5
Multi-currency support
Abila MIP Fund Accounting
6.2
FinancialForce Accounting
9.5
Multi-division support
Abila MIP Fund Accounting
8.1
FinancialForce Accounting
9.0
Regulations compliance
Abila MIP Fund Accounting
7.9
FinancialForce Accounting
8.5
Electronic tax filing
Abila MIP Fund Accounting
7.6
FinancialForce Accounting
9.0
Self-service portal
Abila MIP Fund Accounting
5.7
FinancialForce Accounting
8.0
Standardized Processes
Abila MIP Fund Accounting
6.6
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
4.7
FinancialForce Accounting
8.1
Pricing
Abila MIP Fund Accounting
6.7
FinancialForce Accounting
8.0
Order entry
Abila MIP Fund Accounting
6.8
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
7.0
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
7.1
FinancialForce Accounting
9.0
Billing bypass
Abila MIP Fund Accounting
6.5
FinancialForce Accounting
8.0
Client template cloning
Abila MIP Fund Accounting
7.6
FinancialForce Accounting
9.0
Single sign-on
Abila MIP Fund Accounting
4.5
FinancialForce Accounting
9.0
Industry-specific versioning
Abila MIP Fund Accounting
8.3
FinancialForce Accounting
8.0
Legacy system data migration
Abila MIP Fund Accounting
7.0
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

  • Abila's functionality for our office includes fund accounting, grants managements, payroll, human resources, and timekeeping.
  • It allows us to report on multiple cost centers for multiple organizations and programs across all grants on the federal and state level.
  • The imbedded reports writer provides extensive reports and you can customize them anyway you want them or your board wants them.
Tracie Lambright 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

  • Sometimes pulling reports or building the reports to give you the results you want is difficult to achieve.
  • Creating budgets was a challenge at first as was updating those budgets when revisions occur.
  • We would like to see a copy and paste function added so when entering or changing descriptions you don't have to continually keep typing them over and over.
Tracie Lambright 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 Accounting8.8
Based on 35 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
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 Accounting8.6
Based on 33 answers
MIP is fairly easy to learn and to update. Whether it's transaction entry or reporting it has logical steps and maintains consistency. These are things that make usability a positive and not a negative.
Nikki Patterson 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 Accounting8.9
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
Yes, it works very well about 95% of the time. I don't notice any slow down with any programs it integrates with.
Christine Frenzel 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 Accounting8.4
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
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 Accounting7.9
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
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 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
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

I have not had an opportunity to compare this system to others. I had no input in selecting this system. I would have liked to have compared it to other systems in terms of ease of use/intuitiveness, flexibility and granularity of report development, and capabilities in dealing with prior year adjustments and their effect on trial balance reporting. On those counts, I do not think the system scores very high
Thomas Harty 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 Accounting8.9
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

  • Reduced errors in payroll and accounting.
  • Solidified a workflow from one department to the next. In government you may have different departments handling different aspects of the accounting process and Abila can be customized it so that there is seamless integration from beginning to end.
  • Saved us money from having to hire additional part time employees during tax season.
Wesley Bond 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