Abila MIP Fund Accounting

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Top Rated
604 Ratings

Abila MIP Fund Accounting

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Top Rated
604 Ratings
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Score 8 out of 101
16 Ratings
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Score 10 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

Grant Lifecycle Manager

From where I stand, GLM is well-suited for use by small-staffed charitable foundations who make more than thirty (30) grants a year and distribute more than $500,000 in funds to non-profits. The software is able to handle every step in the grant-making process from receipt of a request, to the evaluation and decision regarding the grant, to tracking the pay-out, and to closing the grant when the work or the year is completed.
Gwenn Gebhard profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.6
Grant Lifecycle Manager
Pay calculation
Abila MIP Fund Accounting
8.7
Grant Lifecycle Manager
Benefit plan administration
Abila MIP Fund Accounting
7.1
Grant Lifecycle Manager
Direct deposit files
Abila MIP Fund Accounting
8.6
Grant Lifecycle Manager
Salary revision and increment management
Abila MIP Fund Accounting
7.1
Grant Lifecycle Manager
Reimbursement management
Abila MIP Fund Accounting
6.7
Grant Lifecycle Manager

Customization

Abila MIP Fund Accounting
8.1
Grant Lifecycle Manager
API for custom integration
Abila MIP Fund Accounting
8.0
Grant Lifecycle Manager
Plug-ins
Abila MIP Fund Accounting
8.2
Grant Lifecycle Manager

Security

Abila MIP Fund Accounting
8.6
Grant Lifecycle Manager
Single sign-on capability
Abila MIP Fund Accounting
8.5
Grant Lifecycle Manager
Role-based user permissions
Abila MIP Fund Accounting
8.6
Grant Lifecycle Manager

Reporting & Analytics

Abila MIP Fund Accounting
7.6
Grant Lifecycle Manager
Dashboards
Abila MIP Fund Accounting
6.8
Grant Lifecycle Manager
Standard reports
Abila MIP Fund Accounting
8.0
Grant Lifecycle Manager
Custom reports
Abila MIP Fund Accounting
8.0
Grant Lifecycle Manager

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.8
Grant Lifecycle Manager
Accounts payable
Abila MIP Fund Accounting
8.5
Grant Lifecycle Manager
Accounts receivable
Abila MIP Fund Accounting
8.2
Grant Lifecycle Manager
Cash management
Abila MIP Fund Accounting
8.1
Grant Lifecycle Manager
Bank reconciliation
Abila MIP Fund Accounting
8.5
Grant Lifecycle Manager
Expense management
Abila MIP Fund Accounting
8.2
Grant Lifecycle Manager
Time tracking
Abila MIP Fund Accounting
6.9
Grant Lifecycle Manager
Fixed asset management
Abila MIP Fund Accounting
7.7
Grant Lifecycle Manager
Multi-currency support
Abila MIP Fund Accounting
7.2
Grant Lifecycle Manager
Multi-division support
Abila MIP Fund Accounting
8.4
Grant Lifecycle Manager
Regulations compliance
Abila MIP Fund Accounting
8.2
Grant Lifecycle Manager
Electronic tax filing
Abila MIP Fund Accounting
7.8
Grant Lifecycle Manager
Self-service portal
Abila MIP Fund Accounting
6.7
Grant Lifecycle Manager
Standardized Processes
Abila MIP Fund Accounting
7.2
Grant Lifecycle Manager

Inventory Management

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

Order Management

Abila MIP Fund Accounting
4.8
Grant Lifecycle Manager
Pricing
Abila MIP Fund Accounting
6.7
Grant Lifecycle Manager
Order entry
Abila MIP Fund Accounting
7.2
Grant Lifecycle Manager
Credit card processing
Abila MIP Fund Accounting
2.5
Grant Lifecycle Manager
Cost of goods sold
Abila MIP Fund Accounting
2.7
Grant Lifecycle Manager

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.1
Grant Lifecycle Manager
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
Grant Lifecycle Manager
Configurable alerts
Abila MIP Fund Accounting
7.7
Grant Lifecycle Manager
Billing bypass
Abila MIP Fund Accounting
7.1
Grant Lifecycle Manager
Client template cloning
Abila MIP Fund Accounting
7.1
Grant Lifecycle Manager
Single sign-on
Abila MIP Fund Accounting
4.5
Grant Lifecycle Manager
Industry-specific versioning
Abila MIP Fund Accounting
8.0
Grant Lifecycle Manager
Legacy system data migration
Abila MIP Fund Accounting
7.5
Grant Lifecycle Manager

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
  • Foundant provides a streamlined grants management solution for reasonable cost.
  • The company listens to its users, collecting ideas and making improvements. Updates to the software are rolled out several times a year. When something cannot be changed right away, the company gives context and forecasts when the change might be possible.
  • While the software is easy to use, it also offers more advanced features (such as merge templates) that allow more customization for the advanced user.
Mary Giraulo 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
  • While tech support is responsive, sending timely emails and updates, I sometimes feel as if a needed item is going to be dropped because they can't figure it out. On the plus side, they always send an electronic survey afterwards, and if you have an issue they will call you personally to resolve it.
  • The external evaluator feature is a great idea, but doesn't work well for me as I prefer to only give my reviewers access to very targeted pieces of the application. I have worked around this by using merge templates, and sending PDFs to my reviewers.
  • I have supported a number of possible improvements (and suggested some of my own) on the user message board. Many of these have already been implemented, but many remain. It's a common problem with software that it takes so much more time to fix something than to suggest something. But on the whole, I have been pleased with the rate of improvements.
Mary Giraulo profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.2
Based on 43 answers
I am not the decision-maker, but it would be my recommendation at this point.
Christine Frenzel profile photo
No score
No answers yet
No answers on this topic

Usability

Abila MIP Fund Accounting8.9
Based on 38 answers
Easy to modify reports; direct export to MS Excel; ability to email reports from the software
Joan A. Cox, CMA CPA 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 Accounting10.0
Based on 6 answers
We have had problems with MIP's ability to integrate with other software or systems. Just makes for a longer shopping time when searching for products we need to integrate with MIP
Frances LeClair profile photo
No score
No answers yet
No answers on this topic

Support

Abila MIP Fund Accounting8.7
Based on 35 answers
I have always been able to get issues solved through customer support
Shirley Merrick 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 Accounting6.7
Based on 4 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 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
No score
No answers yet
No answers on this topic

Alternatives Considered

Abila offers an unmatched level of customization and flexibility for the price. Great integration with their modules as they are in house developed so things aren't tacked on from third parties. Some of the other competitors have to go outside their company to give you what Abila already has built in. Abila is a solid software suite that just works.
Wesley Bond profile photo
We used MicroEdge GIFTS (server hosted, not online) for about five years, but became frustrated with the fact that their improvements were not provided to existing users of the product unless they purchased additional modules, usually at $20K+ each, even though we had to pay $10-15K per year in "maintenance." Foundant distinguished itself by providing updates to users without additional cost, and by the quick pace of updates. Foundant also offered significant benefits like the ability to convert an entire application to PDF in one click; merge templates; TextAndUpload field type and more. The form creator was much more intuitive than MicroEdge GIFTS, as it looked like the applicant's view and allowed the user to drag and drop fields; MicroEdge's form creators looked/behaved differently for different types of forms. Foundant's reporting tool was also superior, allowing filters and pie charts on screen. Other software options that we looked at had some interesting additional features, but were significantly more pricey and we felt Foundant provided the better value. I'm still confident we made the right choice, more than 4 years later.
Mary Giraulo 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
  • This software has made it much easier to work with reviewers (panels of community volunteers who provide scores and comments for the grant applications). While we only use the Evaluator function for two of our many grant programs, the merge templates have saved a lot of time in assembling the materials to send digitally (one PDF per application) for the other grant programs. In our old database, I had to download each document from the application, convert to PDF, then combine. That was very labor intensive! In this software, I create a merge template and all the documents that I want included are automatically converted to PDF, in the order I want them. This was a big reason we moved to this software and it continues to be a fantastic feature.
  • The automatic email reminders that have been built into the software (this is one example of an excellent improvement that has been added since we got the software - showing their constant efforts to get even better) have saved a lot of time and effort. I used to set reminders on my calendar every year to write a long involved email to all the grantees for a particular grant program, to remind them to submit their grant reports. And then, if they still forgot, I had to chase them down. Now, I just set up the reports in the software and there is an automatic reminder that goes out two weeks before; if they still forget, there is an automatic reminder that goes out one day after the deadline to let them know that it's late. I still have to chase a few of them down but the majority are taken care of.
Mary Giraulo profile photo

Pricing Details

Abila MIP Fund Accounting

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No
Abila MIP Fund Accounting Editions & Modules
Abila MIP Fund Accounting
Additional Pricing Details

Grant Lifecycle Manager

General
Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
No
Grant Lifecycle Manager Editions & Modules
Grant Lifecycle Manager
Edition
Grant Lifecycle Manager (GLM)
1
1. Per Organization, Per Every 2 Years
Additional Pricing Details
Foundant Connect is an optional, add-on product linking data from GuideStar, Foundation Center, and GreatNonprofits into Foundant GLM„the organizations leading the industry in the data revolution. Connect allows users to quickly access and share data to make the grantmaking process easier and more efficient for everyone involved.