What users are saying about

Abila MIP Fund Accounting

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Top Rated
603 Ratings
6 Ratings

Abila MIP Fund Accounting

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Top Rated
603 Ratings
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Score 7.9 out of 101
6 Ratings
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Score 9.2 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

LivePlan

It is great for startups and people that are still developing ideas. Once you are in the market it does not really have much of a use within an organization, at that stage it just becomes the reference to what core your business is. Tracking business growth is great, but again only for first 1-3 years in the market (depending on growth).
No photo available

Feature Rating Comparison

Payroll Management

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

Customization

Abila MIP Fund Accounting
7.7
LivePlan
API for custom integration
Abila MIP Fund Accounting
7.7
LivePlan
Plug-ins
Abila MIP Fund Accounting
7.6
LivePlan

Security

Abila MIP Fund Accounting
8.4
LivePlan
10.0
Single sign-on capability
Abila MIP Fund Accounting
8.4
LivePlan
Role-based user permissions
Abila MIP Fund Accounting
8.4
LivePlan
10.0

Reporting & Analytics

Abila MIP Fund Accounting
7.3
LivePlan
10.0
Dashboards
Abila MIP Fund Accounting
6.3
LivePlan
10.0
Standard reports
Abila MIP Fund Accounting
7.8
LivePlan
10.0
Custom reports
Abila MIP Fund Accounting
7.9
LivePlan
10.0

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.6
LivePlan
9.6
Accounts payable
Abila MIP Fund Accounting
8.4
LivePlan
Accounts receivable
Abila MIP Fund Accounting
8.2
LivePlan
Cash management
Abila MIP Fund Accounting
7.8
LivePlan
Bank reconciliation
Abila MIP Fund Accounting
8.4
LivePlan
Expense management
Abila MIP Fund Accounting
8.0
LivePlan
8.0
Time tracking
Abila MIP Fund Accounting
6.8
LivePlan
Fixed asset management
Abila MIP Fund Accounting
7.6
LivePlan
Multi-currency support
Abila MIP Fund Accounting
6.6
LivePlan
10.0
Multi-division support
Abila MIP Fund Accounting
8.2
LivePlan
10.0
Regulations compliance
Abila MIP Fund Accounting
8.1
LivePlan
10.0
Electronic tax filing
Abila MIP Fund Accounting
7.6
LivePlan
Self-service portal
Abila MIP Fund Accounting
6.0
LivePlan
10.0
Standardized Processes
Abila MIP Fund Accounting
6.9
LivePlan

Inventory Management

Abila MIP Fund Accounting
4.2
LivePlan
10.0
Inventory tracking
Abila MIP Fund Accounting
7.3
LivePlan
10.0
Automatic reordering
Abila MIP Fund Accounting
1.0
LivePlan
Location management
Abila MIP Fund Accounting
7.7
LivePlan
Manufacturing module
Abila MIP Fund Accounting
1.0
LivePlan

Order Management

Abila MIP Fund Accounting
4.7
LivePlan
8.0
Pricing
Abila MIP Fund Accounting
6.5
LivePlan
Order entry
Abila MIP Fund Accounting
6.9
LivePlan
Credit card processing
Abila MIP Fund Accounting
2.5
LivePlan
Cost of goods sold
Abila MIP Fund Accounting
2.7
LivePlan
8.0

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.0
LivePlan
9.0
Client data roll-up capabilities
Abila MIP Fund Accounting
7.8
LivePlan
8.0
Configurable alerts
Abila MIP Fund Accounting
7.4
LivePlan
9.0
Billing bypass
Abila MIP Fund Accounting
6.8
LivePlan
Client template cloning
Abila MIP Fund Accounting
7.5
LivePlan
10.0
Single sign-on
Abila MIP Fund Accounting
4.5
LivePlan
Industry-specific versioning
Abila MIP Fund Accounting
8.0
LivePlan
Legacy system data migration
Abila MIP Fund Accounting
7.1
LivePlan
Client data consolidation for benchmarking
Abila MIP Fund Accounting
LivePlan
9.0

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
  • Great for startups that are still working on their idea.
  • Preparing for pitching and presenting.
  • People don't need business knowledge in order to write a professional business plan, everything is explained in details.
  • Simplicity.
No photo available

Cons

  • The print on the screen is so small (probably an 8 font), it is hard to read for older users.
  • I would like to be able to change the name of a vendor without deleting it and then re-adding it which loses the history. Sometimes company names change but other aspects remain the same. Or you may mistype a name and need to correct it.
  • There is no easy way to change the chart of accounts if you need to do renumbering. If the person establishing the chart of accounts isn't experienced with it, there is no way to correct the mistakes. This is true especially for the numbering order and leaving enough space between numbers.
  • I wish there was a hard copy manual that clarifies what happens when specific information is typed or requested. For example: What happens in the system when you are writing a reversing journal entry. It allows for 4 different types of reversing entries, but doesn't identify the difference so one would know which one to select.
  • I would like to be able to refer back to other reports when using the "drill-down". The system doesn't allow for that.
Christine Frenzel profile photo
  • It is software on its own and there are no abilities to connect to any other software so you have to input data constantly.
  • If you start within this software most likely over time this will be just your reference for the definition of your business, once you start growing there is not much to use here, better solutions are out there.
  • It is not a management tool as they advertise it.
No photo available

Likelihood to Renew

Abila MIP Fund Accounting9.0
Based on 39 answers
We are not in the market for a new solution as this product works well for us and renewal is affordable.
Christine Ulshoffer profile photo
No score
No answers yet
No answers on this topic

Usability

Abila MIP Fund Accounting8.7
Based on 34 answers
I enjoy using this software after six years of use.
Danielle Apthorp profile photo
No score
No answers yet
No answers on this topic

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
No score
No answers yet
No answers on this topic

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
No score
No answers yet
No answers on this topic

Support

Abila MIP Fund Accounting8.6
Based on 33 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 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

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
We did not really find a similar solution. All other solutions are focused on project management, [there's] nothing on generating a business plan. There is nothing on this level that helps people without any business experience write the plan. They have samples, instructions what to write where, how to prepare for pitching, and generate dashboards. Nothing in this market gets anywhere close to this solution.
No photo available

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

  • It has had a negative impact in that it remains too time consuming to get information that is needed out of the system.
  • It is not very intuitive in lending an easy way to figure out what types of reports to run and what information can be included.
  • Too many strange results are obtained when running trial balance reports. I get different results based on different date parameters.
Thomas Harty profile photo
  • Cheap software solution
  • Helped us collaborate on ideas during the initial stage in details
  • Helped us prepare for investors and pitching
No photo available

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

LivePlan

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