What users are saying about

Abila MIP Fund Accounting

Top Rated
601 Ratings

NetSuite

277 Ratings

Abila MIP Fund Accounting

Top Rated
601 Ratings
Score 7.9 out of 101

NetSuite

277 Ratings
Score 7.4 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

NetSuite

It's well-suited for organizations who want a robust all-in-one solution for financials, order and inventory management, and CRM (plus other modules as needed). Since it's online, it's great for distributed teams or those who don't want to manage software, servers, networks, etc. It's highly scalable for growing companies. I wouldn't recommend it for smaller companies on a tight budget with simple accounting needs. Netsuite requires one-year contracts, and you pay per user, which can get quite expensive. I recommend most companies start with Xero to see if it meets their needs. If they have the need for additional features and the budget to support it, I would highly recommend Netsuite
Dave Olsen profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
8.0
NetSuite
8.1
Pay calculation
Abila MIP Fund Accounting
8.6
NetSuite
9.1
Benefit plan administration
Abila MIP Fund Accounting
8.1
NetSuite
7.0
Direct deposit files
Abila MIP Fund Accounting
8.7
NetSuite
8.1
Salary revision and increment management
Abila MIP Fund Accounting
7.3
NetSuite
7.2
Reimbursement management
Abila MIP Fund Accounting
7.3
NetSuite
8.9

Customization

Abila MIP Fund Accounting
7.4
NetSuite
7.7
API for custom integration
Abila MIP Fund Accounting
7.4
NetSuite
8.0
Plug-ins
Abila MIP Fund Accounting
7.3
NetSuite
7.4

Security

Abila MIP Fund Accounting
8.4
NetSuite
8.8
Single sign-on capability
Abila MIP Fund Accounting
8.3
NetSuite
8.8
Role-based user permissions
Abila MIP Fund Accounting
8.4
NetSuite
8.7

Reporting & Analytics

Abila MIP Fund Accounting
7.4
NetSuite
8.3
Dashboards
Abila MIP Fund Accounting
6.5
NetSuite
8.2
Standard reports
Abila MIP Fund Accounting
7.8
NetSuite
8.3
Custom reports
Abila MIP Fund Accounting
7.9
NetSuite
8.5

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.5
NetSuite
7.3
Accounts payable
Abila MIP Fund Accounting
8.5
NetSuite
8.6
Accounts receivable
Abila MIP Fund Accounting
8.1
NetSuite
8.7
Cash management
Abila MIP Fund Accounting
8.0
NetSuite
Bank reconciliation
Abila MIP Fund Accounting
8.4
NetSuite
Expense management
Abila MIP Fund Accounting
8.0
NetSuite
Time tracking
Abila MIP Fund Accounting
7.1
NetSuite
Fixed asset management
Abila MIP Fund Accounting
7.6
NetSuite
Multi-currency support
Abila MIP Fund Accounting
6.2
NetSuite
Multi-division support
Abila MIP Fund Accounting
8.1
NetSuite
Regulations compliance
Abila MIP Fund Accounting
7.9
NetSuite
Electronic tax filing
Abila MIP Fund Accounting
7.6
NetSuite
Self-service portal
Abila MIP Fund Accounting
5.7
NetSuite
Standardized Processes
Abila MIP Fund Accounting
6.6
NetSuite
8.2
Global Financial Support
Abila MIP Fund Accounting
NetSuite
7.7
Primary and Secondary Ledgers
Abila MIP Fund Accounting
NetSuite
9.0
Intercompany Accounting
Abila MIP Fund Accounting
NetSuite
8.4
Localizations
Abila MIP Fund Accounting
NetSuite
8.1
Journals and Reconciliations
Abila MIP Fund Accounting
NetSuite
8.6
Enterprise Accounting
Abila MIP Fund Accounting
NetSuite
8.2
Configurable Accounting
Abila MIP Fund Accounting
NetSuite
8.1
Centralized Rules Framework
Abila MIP Fund Accounting
NetSuite
7.7

Inventory Management

Abila MIP Fund Accounting
4.2
NetSuite
7.9
Inventory tracking
Abila MIP Fund Accounting
7.3
NetSuite
8.2
Automatic reordering
Abila MIP Fund Accounting
1.0
NetSuite
7.2
Location management
Abila MIP Fund Accounting
7.7
NetSuite
8.2
Manufacturing module
Abila MIP Fund Accounting
1.0
NetSuite
8.2

Order Management

Abila MIP Fund Accounting
4.7
NetSuite
8.4
Pricing
Abila MIP Fund Accounting
6.7
NetSuite
8.0
Order entry
Abila MIP Fund Accounting
6.8
NetSuite
8.3
Credit card processing
Abila MIP Fund Accounting
2.5
NetSuite
8.3
Cost of goods sold
Abila MIP Fund Accounting
2.7
NetSuite
8.3
Order Orchestration
Abila MIP Fund Accounting
NetSuite
8.4
End-to-end order visibility
Abila MIP Fund Accounting
NetSuite
8.6
Order exception Resolution
Abila MIP Fund Accounting
NetSuite
8.7

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.0
NetSuite
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
NetSuite
Configurable alerts
Abila MIP Fund Accounting
7.1
NetSuite
Billing bypass
Abila MIP Fund Accounting
6.5
NetSuite
Client template cloning
Abila MIP Fund Accounting
7.6
NetSuite
Single sign-on
Abila MIP Fund Accounting
4.5
NetSuite
Industry-specific versioning
Abila MIP Fund Accounting
8.3
NetSuite
Legacy system data migration
Abila MIP Fund Accounting
7.0
NetSuite

Subledger and Financial Process

Abila MIP Fund Accounting
NetSuite
8.0
Automated Invoice Processing
Abila MIP Fund Accounting
NetSuite
8.3
Shared Services Payments
Abila MIP Fund Accounting
NetSuite
8.2
Billings Management
Abila MIP Fund Accounting
NetSuite
8.3
Customer Receipt Applications
Abila MIP Fund Accounting
NetSuite
7.9
Customer Collections
Abila MIP Fund Accounting
NetSuite
7.7
Revenue Recognition
Abila MIP Fund Accounting
NetSuite
8.1
Cash Management
Abila MIP Fund Accounting
NetSuite
7.6
Asset Management
Abila MIP Fund Accounting
NetSuite
7.8
Travel & Expense Management
Abila MIP Fund Accounting
NetSuite
6.8
Budgetary Control & Encumbrance Accounting
Abila MIP Fund Accounting
NetSuite
7.9
Period Close
Abila MIP Fund Accounting
NetSuite
8.3
Transactions Tax
Abila MIP Fund Accounting
NetSuite
7.7
Subledger Reconciliations
Abila MIP Fund Accounting
NetSuite
8.0
3rd Party Accounting Systems
Abila MIP Fund Accounting
NetSuite
8.7

Project Financial Management

Abila MIP Fund Accounting
NetSuite
7.6
Budgeting and Forecasting
Abila MIP Fund Accounting
NetSuite
7.7
Project Costing
Abila MIP Fund Accounting
NetSuite
7.3
Cost Capture
Abila MIP Fund Accounting
NetSuite
7.3
Capital Project Management
Abila MIP Fund Accounting
NetSuite
6.2
Customer Invoicing
Abila MIP Fund Accounting
NetSuite
7.8
Customer Contract Compliance
Abila MIP Fund Accounting
NetSuite
9.0
Project Revenue Recognition
Abila MIP Fund Accounting
NetSuite
8.3
Project Financial Performance Analysis
Abila MIP Fund Accounting
NetSuite
7.5
Project Financials Dashboard
Abila MIP Fund Accounting
NetSuite
7.2
Real-time Financial Reporting
Abila MIP Fund Accounting
NetSuite
8.3
Embedded Business Intelligence
Abila MIP Fund Accounting
NetSuite
8.0
Project Planning Collaboration
Abila MIP Fund Accounting
NetSuite
6.7

Project Execution Management

Abila MIP Fund Accounting
NetSuite
5.6
Project Planning and Scheduling
Abila MIP Fund Accounting
NetSuite
7.0
Project Manager Dashboard
Abila MIP Fund Accounting
NetSuite
6.0
Resource Manager Dashboard
Abila MIP Fund Accounting
NetSuite
7.0
Task Insight for Project Managers
Abila MIP Fund Accounting
NetSuite
4.6
Project Manager Mobile Functionality
Abila MIP Fund Accounting
NetSuite
1.0
Team Member Task Collaboration
Abila MIP Fund Accounting
NetSuite
3.1
Team Member Mobile Functionality
Abila MIP Fund Accounting
NetSuite
5.5
Real-Time Project Reporting
Abila MIP Fund Accounting
NetSuite
7.6
Absence Management
Abila MIP Fund Accounting
NetSuite
4.0
Product Lifecycle Management
Abila MIP Fund Accounting
NetSuite
10.0

Grants Management

Abila MIP Fund Accounting
NetSuite
9.3
Spending Control
Abila MIP Fund Accounting
NetSuite
9.0
Indirect Cost Management
Abila MIP Fund Accounting
NetSuite
9.0
Billing
Abila MIP Fund Accounting
NetSuite
10.0

Procurement

Abila MIP Fund Accounting
NetSuite
7.6
Sourcing Team Collaboration
Abila MIP Fund Accounting
NetSuite
9.0
Sourcing Analysis
Abila MIP Fund Accounting
NetSuite
7.0
Bids Analyzed and Compared
Abila MIP Fund Accounting
NetSuite
8.0
Catalog Shopping E-Commerce for Employees
Abila MIP Fund Accounting
NetSuite
9.0
Contract Authoring
Abila MIP Fund Accounting
NetSuite
7.0
Contract Compliance Management
Abila MIP Fund Accounting
NetSuite
8.0
Contract History
Abila MIP Fund Accounting
NetSuite
8.0
Contract Renewal Automation
Abila MIP Fund Accounting
NetSuite
7.0
Contract Repository
Abila MIP Fund Accounting
NetSuite
7.0
Contract Standardization and Enforcement
Abila MIP Fund Accounting
NetSuite
6.0
Electronic Signatures
Abila MIP Fund Accounting
NetSuite
8.0
Invoice Automated Matching
Abila MIP Fund Accounting
NetSuite
7.4
Purchasing Risk and Compliance Management
Abila MIP Fund Accounting
NetSuite
9.0
Requisitions-to-Purchase Orders Integrated
Abila MIP Fund Accounting
NetSuite
7.6
Spend Compliance Management
Abila MIP Fund Accounting
NetSuite
6.4
Supplier Assessment
Abila MIP Fund Accounting
NetSuite
7.5
Supplier Communication and Collaboration
Abila MIP Fund Accounting
NetSuite
8.0
Supplier Management
Abila MIP Fund Accounting
NetSuite
7.7
Supplier Portal
Abila MIP Fund Accounting
NetSuite
6.0

Risk Management

Abila MIP Fund Accounting
NetSuite
7.6
Risk Repository
Abila MIP Fund Accounting
NetSuite
8.0
Control Management
Abila MIP Fund Accounting
NetSuite
9.5
Control Mapping
Abila MIP Fund Accounting
NetSuite
9.0
Issue Detection
Abila MIP Fund Accounting
NetSuite
6.0
Automatic Notification
Abila MIP Fund Accounting
NetSuite
7.0
Remediation and Certification
Abila MIP Fund Accounting
NetSuite
6.0

Logistics

Abila MIP Fund Accounting
NetSuite
8.3
Transportation Planning and Optimization
Abila MIP Fund Accounting
NetSuite
9.3
Transportation Sourcing Management
Abila MIP Fund Accounting
NetSuite
9.7
Transportation Process Integration
Abila MIP Fund Accounting
NetSuite
9.3
Transportation Execution Management
Abila MIP Fund Accounting
NetSuite
9.0
Freight Payment Automation
Abila MIP Fund Accounting
NetSuite
9.0
Trade Management
Abila MIP Fund Accounting
NetSuite
9.0
Trade Regulatory Compliance Management
Abila MIP Fund Accounting
NetSuite
7.0
Customs Entry Management
Abila MIP Fund Accounting
NetSuite
9.0
Customs Document Management
Abila MIP Fund Accounting
NetSuite
7.0
Customs Document Collaboration
Abila MIP Fund Accounting
NetSuite
6.0
Fulfillment Management
Abila MIP Fund Accounting
NetSuite
8.1
Inventory Visibility
Abila MIP Fund Accounting
NetSuite
8.2
Warehouse Workforce Management
Abila MIP Fund Accounting
NetSuite
7.5

Manufacturing

Abila MIP Fund Accounting
NetSuite
7.6
Production Process Design
Abila MIP Fund Accounting
NetSuite
7.0
Supply Chain Business Flows
Abila MIP Fund Accounting
NetSuite
8.0
Production Management
Abila MIP Fund Accounting
NetSuite
8.0
Contracted Manufacturing Management
Abila MIP Fund Accounting
NetSuite
8.0
Configuration Management
Abila MIP Fund Accounting
NetSuite
8.0
Work Definition
Abila MIP Fund Accounting
NetSuite
7.0
Work Execution
Abila MIP Fund Accounting
NetSuite
6.0
Advanced Fulfillment
Abila MIP Fund Accounting
NetSuite
7.0
Manufacturing Costs
Abila MIP Fund Accounting
NetSuite
9.5

Supply Chain

Abila MIP Fund Accounting
NetSuite
8.6
Forecasting
Abila MIP Fund Accounting
NetSuite
7.8
Inventory Planning
Abila MIP Fund Accounting
NetSuite
7.7
Multi-tier Supply Chain Planning
Abila MIP Fund Accounting
NetSuite
9.3
Performance Monitoring
Abila MIP Fund Accounting
NetSuite
9.5

Product Lifecycle Management

Abila MIP Fund Accounting
NetSuite
7.8
Ideation Management
Abila MIP Fund Accounting
NetSuite
8.0
Requirements Management
Abila MIP Fund Accounting
NetSuite
8.0
Proposal Management
Abila MIP Fund Accounting
NetSuite
8.0
Innovation Portfolio Management
Abila MIP Fund Accounting
NetSuite
8.0
Product Master Data Management
Abila MIP Fund Accounting
NetSuite
7.0
Vendor Portal
Abila MIP Fund Accounting
NetSuite
7.9
Project Portfolio Management
Abila MIP Fund Accounting
NetSuite
8.0

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
  • NetSuite listens to its users and we can vote on enhancements. Twice a year versions are released addressing some of these areas. A few of the items we brought forth as an enhancement were voted on and made into production. With the thousand of users it was probably submitted many times over, but business voted on it.
  • This is a strength and weakness but their help desk and support have always resolved the issue. Weakness on help, but strength in the support. Every time I think I found a defect, it was found that I was wrong. Now I assume I am wrong, and try and find the solution.
  • Easily customizable. If you want to add a new department, field, form, report this is easily done. This can be done by non-technical individuals.
Jeff Gullang profile photo

Cons

  • I wish it was a little simpler to reverse a single invoice during the AP void check process.
  • In the payroll system improved reporting, being able to pull information from both the employee profile and the payroll system would be appreciated.
  • The ability to hide discontinued vendors from selection lists. As well as some way to improve vendor id conventions.
LaShawna Simonsen profile photo
  • Netsuite's SFA does not match some of the pure sales programs out there. They depend on a SuiteApp ecosystem and that can be confusing to its customers. When do we try to customize Netsuite as opposed to engaging a SuiteApp.
  • There is not always a consistent naming of fields when customizing reports and searches. While this not a problem for a super user, it can be confusing for those not as experienced.
  • Creating email templates is not as easy as it could be.
  • Like any cloud solution, speed is always an issue. Companies need to really optimize their network to get the best results.
Aaron Kleinhandler 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
NetSuite8.0
Based on 22 answers
NetSuite is a valuable asset for my company and one that we will continue to enhance and build upon.
Glenn Saunders, PMP, MCP profile photo

Usability

Abila MIP Fund Accounting8.6
Based on 33 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
NetSuite9.0
Based on 11 answers
Their report writer is drag and drop.

Online help is pretty easy to use, for example, I was trying to get a report out of the system in a different way, but could find a solution in the online help quite quickly.

The software gives lots of helpful warnings, e.g. to save a transaction before navigating away
No photo available

Reliability and Availability

Abila MIP Fund Accounting8.9
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
NetSuite9.4
Based on 13 answers
Very good up time ... if there's ever been a problem, it's usually an internet issue on our side affecting all the company's internet (not just NetSuite). I can only remember one or two times in 5 years of using the product that might have been on NetSuite's side. That said, it's sometimes difficult to determine exactly where a problem is or what is causing speed issues that can occasionally crop up.
No photo available

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
NetSuite7.7
Based on 12 answers
The system runs slow occasionally, especially at quarter end.
No photo available

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
NetSuite1.0
Based on 10 answers
Many times my issue is not solved and/or I spend an inordinate amount of time re-explaining the issue several times and just get the help guide read back to me. There is a language barrier you have to deal with as well most of the time.
No photo available

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
NetSuite7.3
Based on 2 answers
The general Admin training is good but very soft for the high technical stuff
Felix Garbuz profile photo

Online Training

Abila MIP Fund Accounting9.9
Based on 3 answers
Personalized training provided for our organization
karen hoffman profile photo
NetSuite8.0
Based on 7 answers
Usually use pretty simplistic business cases, but instructors are able to handle more in-depth questions.
No photo available

Implementation

Abila MIP Fund Accounting6.9
Based on 19 answers
There were no records available to indicate where accounts with balances needed reversing entries. This problem carried forward for several years until it was traced back to implementation and reversed.
Christine Frenzel profile photo
NetSuite7.3
Based on 9 answers
We initially tried to have NetSuite implement but we did not have a lot of success. They didn’t want to put in all of our historical sales order data, and at the time, we had a lot of 3-5 yr contracts that would have been on a spreadsheet.

We hired a contractor called Jim Gamble to come in house and help with the implementation . Jim now works at BridgePoint Consulting. I would recommend him. He had an accounting background and understand systems. The NetSuite consultants didn’t understand our revenue model and how it worked. Jim did.

With the initial NetSuite team, we not satisfied at all. With Jim, we were very satisfied. One of the downfalls with NetSuite is that they had in their mind how it needs to be implemented, but didn’t take into account our considerations. At the time, their customers were much younger than us and didn’t have historical data. They also worked with companies that did one year contracts. They had no do desire to listen to our facts. With 800-900 customers with multi-year contracts, we would have been maintaining spreadsheets for numerous years. They weren’t willing at all to work with our specific situation. I understand they have best practices, but sometimes those best practices don’t fit the client. They didn’t have any out of the box thinking – very prescribed implementation
No photo available

Alternatives Considered

GMS was not 2000 compliant. Fundware was sold and went out of business. A number of peers in related organizations used MIP and recommended it. This is helpful when you have a problem or a desire to try something new, and can sound it off of others that are familiar with product and the programs you run.
Kathy Dugan profile photo
We have used NetSuite since the inception of our business, so I don't have a system to compare it to.
Ed Hart 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
NetSuite8.4
Based on 5 answers
We have been able to scale our business 25X without any major overhaul with Netsuite. Its dashboard setup makes onboarding new employees very easy and allows data to be shared across multiple offices. Its cloud setup does not put any pressure on IT to scale servers or other infrastructure. We have been able to become much more efficient in all aspects of the business.
Aaron Kleinhandler profile photo

Return on Investment

  • Staff time - MIP has allowed us to save a significant amount of staff hours by by changing the way we process transactions (i.e. accounts payable process, accounts receivable process, recurring entries, copying posted sessions - as previously mentioned).
  • Grant reporting - MIP has allowed us to customize reporting for all major funding sources. This has allowed us to meet deadlines set by our grantors, submit reports more timely and increase cash flow as a result of tracking accounts receivables and drawing down funds quicker.
  • Internal reporting - MIP has helped with internal reporting to senior management, other departments and the board of trustees, which has helped other departments accomplish their goals and targets.
Tamour Kousha profile photo
  • Netsuite has allowed us to better communicate across the organization
  • Improved the post order process significantly
  • We have had to do substantial customization for our particular business
Ed Hart profile photo

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

NetSuite

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