What users are saying about

Abila MIP Fund Accounting

Top Rated
601 Ratings

LivePlan

6 Ratings

Abila MIP Fund Accounting

Top Rated
601 Ratings
Score 7.9 out of 101

LivePlan

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

Customization

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

Security

Abila MIP Fund Accounting
8.4
LivePlan
10.0
Single sign-on capability
Abila MIP Fund Accounting
8.3
LivePlan
Role-based user permissions
Abila MIP Fund Accounting
8.4
LivePlan
10.0

Reporting & Analytics

Abila MIP Fund Accounting
7.4
LivePlan
10.0
Dashboards
Abila MIP Fund Accounting
6.5
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
7.5
LivePlan
9.6
Accounts payable
Abila MIP Fund Accounting
8.5
LivePlan
Accounts receivable
Abila MIP Fund Accounting
8.1
LivePlan
Cash management
Abila MIP Fund Accounting
8.0
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
7.1
LivePlan
Fixed asset management
Abila MIP Fund Accounting
7.6
LivePlan
Multi-currency support
Abila MIP Fund Accounting
6.2
LivePlan
10.0
Multi-division support
Abila MIP Fund Accounting
8.1
LivePlan
10.0
Regulations compliance
Abila MIP Fund Accounting
7.9
LivePlan
10.0
Electronic tax filing
Abila MIP Fund Accounting
7.6
LivePlan
Self-service portal
Abila MIP Fund Accounting
5.6
LivePlan
10.0
Standardized Processes
Abila MIP Fund Accounting
6.6
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
6.7
LivePlan
Order entry
Abila MIP Fund Accounting
6.8
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
7.9
LivePlan
8.0
Configurable alerts
Abila MIP Fund Accounting
7.1
LivePlan
9.0
Billing bypass
Abila MIP Fund Accounting
6.5
LivePlan
Client template cloning
Abila MIP Fund Accounting
7.6
LivePlan
10.0
Single sign-on
Abila MIP Fund Accounting
4.5
LivePlan
Industry-specific versioning
Abila MIP Fund Accounting
8.3
LivePlan
Legacy system data migration
Abila MIP Fund Accounting
7.0
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 interface is not very user friendly. It can be daunting or intimidating for users who may not have knowledge of accounting software.
  • I feel that if Drillpoint reports can be integrated with the Scheduler Module, it would make reporting and data manipulation even better.
Donavan Lam, CPA 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 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
There are a couple of issues with usability, but on the whole MIP is easy to use.
Frances LeClair profile photo
No score
No answers yet
No answers on this topic

Reliability and Availability

Abila MIP Fund Accounting8.9
Based on 6 answers
The only time we have had a big issue is when our server went out, and this was not a MIP issue
Frances LeClair profile photo
No score
No answers yet
No answers on this topic

Performance

Abila MIP Fund Accounting9.9
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 Accounting8.4
Based on 30 answers
Support has been extremely helpful when I've had to call. All issues have been resolved on the first try. They have often given me ideas to try and where to look to find additional help if needed. Never seem to busy to answer a question and ready to listen to the customer.
Janet Resendiz 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
I highly recommend using a business partner for implementation. The business partners have implemented this product for numerous years and have a wealth of knowledge from working with various non profits and governmental entities. Some are close by and can provide on site training.
karen hoffman profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

Fund EZ is a product I found out about from a previous employment stint. It has a lot of the features MIP has but is not nearly as good. I would consider using this product if MIP continues to raise fees.
Erich Koch 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 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 MIP Fund Accounting has enabled us to implement departmental budgeting and reporting. This has improved the accountability of department managers.
  • The software has enabled us to generate historical reports using GL detail. This has improved our ability to recognize trends in our business.
  • The software has enabled us to generate cross fiscal year reports. This has created opportunities to apply for a greater variety of grants.
Robert Bowsza 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