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Top Rated
137 Ratings

Abila MIP Fund Accounting

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Top Rated
614 Ratings
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Score 8.1 out of 101

Prophix

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Top Rated
137 Ratings
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Score 9.2 out of 101

Likelihood to Recommend

Abila MIP Fund Accounting

Well-suited for basic accounting, I would give it an 8. Drill-down would be nice on the general ledger to be able to look at the original entry. Maintaining the year codes and distribution codes is much too involved-this needs to be streamlined. Would be nice to be able to update information on encumbrances and purchase orders prior payment. The accounts receivable module is a bit of a nightmare-we don't use the invoicing function as it is too involved for our company. While the Accounting function deserves and 8, I would only give the payroll function about a 4.5-sorry.
Eris Tanner profile photo

Prophix

Prophix gives you a great ability to use your current financial data and forecast future revenues and expenses. This, by itself, is a great selling point alone. The additional level of data analysis ability pushes it over the edge. If the data is in your ERP and you want to know something about it, Prophix gives you a way to get that answer.
Andrew Commons profile photo

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.5
Prophix
Pay calculation
Abila MIP Fund Accounting
8.8
Prophix
Benefit plan administration
Abila MIP Fund Accounting
6.9
Prophix
Direct deposit files
Abila MIP Fund Accounting
8.6
Prophix
Salary revision and increment management
Abila MIP Fund Accounting
7.0
Prophix
Reimbursement management
Abila MIP Fund Accounting
6.5
Prophix

Customization

Abila MIP Fund Accounting
8.3
Prophix
API for custom integration
Abila MIP Fund Accounting
8.1
Prophix
Plug-ins
Abila MIP Fund Accounting
8.5
Prophix

Security

Abila MIP Fund Accounting
8.6
Prophix
Single sign-on capability
Abila MIP Fund Accounting
8.6
Prophix
Role-based user permissions
Abila MIP Fund Accounting
8.7
Prophix

Reporting & Analytics

Abila MIP Fund Accounting
7.6
Prophix
Dashboards
Abila MIP Fund Accounting
6.9
Prophix
Standard reports
Abila MIP Fund Accounting
7.9
Prophix
Custom reports
Abila MIP Fund Accounting
7.9
Prophix

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.9
Prophix
Accounts payable
Abila MIP Fund Accounting
8.5
Prophix
Accounts receivable
Abila MIP Fund Accounting
8.2
Prophix
Cash management
Abila MIP Fund Accounting
8.1
Prophix
Bank reconciliation
Abila MIP Fund Accounting
8.5
Prophix
Expense management
Abila MIP Fund Accounting
8.3
Prophix
Time tracking
Abila MIP Fund Accounting
6.9
Prophix
Fixed asset management
Abila MIP Fund Accounting
7.7
Prophix
Multi-currency support
Abila MIP Fund Accounting
7.4
Prophix
Multi-division support
Abila MIP Fund Accounting
8.5
Prophix
Regulations compliance
Abila MIP Fund Accounting
8.2
Prophix
Electronic tax filing
Abila MIP Fund Accounting
7.8
Prophix
Self-service portal
Abila MIP Fund Accounting
6.9
Prophix
Standardized Processes
Abila MIP Fund Accounting
7.2
Prophix

Inventory Management

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

Order Management

Abila MIP Fund Accounting
4.7
Prophix
Pricing
Abila MIP Fund Accounting
6.6
Prophix
Order entry
Abila MIP Fund Accounting
7.2
Prophix
Credit card processing
Abila MIP Fund Accounting
2.5
Prophix
Cost of goods sold
Abila MIP Fund Accounting
2.7
Prophix

Accounting Firm BPO Features

Abila MIP Fund Accounting
7.1
Prophix
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
Prophix
Configurable alerts
Abila MIP Fund Accounting
7.8
Prophix
Billing bypass
Abila MIP Fund Accounting
7.2
Prophix
Client template cloning
Abila MIP Fund Accounting
7.0
Prophix
Single sign-on
Abila MIP Fund Accounting
4.5
Prophix
Industry-specific versioning
Abila MIP Fund Accounting
7.9
Prophix
Legacy system data migration
Abila MIP Fund Accounting
7.5
Prophix

Budgeting, Planning, and Forecasting

Abila MIP Fund Accounting
Prophix
8.7
Long-term financial planning
Abila MIP Fund Accounting
Prophix
8.1
Financial budgeting
Abila MIP Fund Accounting
Prophix
9.8
Forecasting
Abila MIP Fund Accounting
Prophix
8.2
Scenario modeling
Abila MIP Fund Accounting
Prophix
7.6
Management reporting
Abila MIP Fund Accounting
Prophix
9.6

Consolidation and Close

Abila MIP Fund Accounting
Prophix
7.9
Financial data consolidation
Abila MIP Fund Accounting
Prophix
8.4
Journal entries and reports
Abila MIP Fund Accounting
Prophix
7.6
Multi-currency management
Abila MIP Fund Accounting
Prophix
8.2
Intercompany Eliminations
Abila MIP Fund Accounting
Prophix
8.1
Minority Ownership
Abila MIP Fund Accounting
Prophix
7.6
Local and consolidated reporting
Abila MIP Fund Accounting
Prophix
8.5
Detailed Audit Trails
Abila MIP Fund Accounting
Prophix
6.8

FInancial Reporting and Compliance

Abila MIP Fund Accounting
Prophix
7.9
Financial Statement Reporting
Abila MIP Fund Accounting
Prophix
8.5
Management Reporting
Abila MIP Fund Accounting
Prophix
8.4
Excel-based Reporting
Abila MIP Fund Accounting
Prophix
8.2
Automated board and financial reporting
Abila MIP Fund Accounting
Prophix
7.9
XBRL support for regulatory filing
Abila MIP Fund Accounting
Prophix
6.7

Analytics

Abila MIP Fund Accounting
Prophix
7.7
Personalized dashboards
Abila MIP Fund Accounting
Prophix
7.8
Color-coded scorecards
Abila MIP Fund Accounting
Prophix
7.3
KPIs
Abila MIP Fund Accounting
Prophix
7.7
Cost and profitability analysis
Abila MIP Fund Accounting
Prophix
8.1
Key Performance Indicator setting
Abila MIP Fund Accounting
Prophix
7.8
Benchmarking with external data
Abila MIP Fund Accounting
Prophix
7.7

Integration

Abila MIP Fund Accounting
Prophix
8.3
Flat file integration
Abila MIP Fund Accounting
Prophix
8.5
Excel data integration
Abila MIP Fund Accounting
Prophix
8.3
Direct links to 3rd-party data sources
Abila MIP Fund Accounting
Prophix
8.2

Pros

Abila MIP Fund Accounting

  • The vast array of account segmenting allows us to break down our business in many different ways, which gets us the information we need to make sure we are doing business right.
  • We love the ability to process vendor EFT payments, which fits our green thinking and saves lots of paper.
  • Having a cloud based platform allows us to work more efficiently and not have to worry about using the most recent version or keeping up with payroll updates.
Eric Harvey profile photo

Prophix

  • Financial reporting and consolidations - flexible!
  • Planning and Forecasting - detail planning for headcount, capex, fixed assets, etc. and department mgrs. can input data.
  • Ad Hoc Analysis - ability to slice and dice data and drill down to transaction level.
William Van Hulzen profile photo

Cons

Abila MIP Fund Accounting

  • 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

Prophix

  • The only minor tweak in the software I would like to see is to have the ability to have multiple Ad-Hoc windows available.
  • The front-end could be updated from a visual standpoint to be more appealing but it has all the functionality needed to make it a slick tool.
Brandon Russell profile photo

Likelihood to Renew

Abila MIP Fund Accounting

Abila MIP Fund Accounting 9.1
Based on 45 answers
I am not the decision-maker, but it would be my recommendation at this point.
Christine Frenzel profile photo

Prophix

Prophix 10.0
Based on 16 answers
  • Ease of use
  • Dimension hierarchy flexibility
  • Responsive and personalized customer support
  • Ad Hoc ability
Carl Evans profile photo

Usability

Abila MIP Fund Accounting

Abila MIP Fund Accounting 8.4
Based on 39 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

Prophix

Prophix 8.2
Based on 17 answers
Functionality is intuitive, with some training. The User Empowerment Webinars resolve training gaps in a cost effective way. Prophix Support does not mind filling some of those gaps when application defects turn into training gaps. Adhoc Analysis is a powerful source of business data and Dimension structure.
Carl Evans profile photo

Reliability and Availability

Abila MIP Fund Accounting

Abila MIP Fund Accounting 9.0
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

Prophix

Prophix 8.8
Based on 8 answers
We have never had an issue with prophix availability
Joel DeGroat profile photo

Performance

Abila MIP Fund Accounting

Abila MIP Fund Accounting 10.0
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

Prophix

Prophix 7.9
Based on 8 answers
Prophix continues to improve upon the performance of its product with reports and processes running more efficiently with all new releases.
Joel P. Goldstein profile photo

Support

Abila MIP Fund Accounting

Abila MIP Fund Accounting 8.4
Based on 37 answers
I have been using this software for six years and love it
Danielle Apthorp profile photo

Prophix

Prophix 7.6
Based on 73 answers
I feel that the Prophix team takes my issue seriously. They do not charge per support ticket, and will even solve complex issues without additional professional service calls. When an issue is beyond the capability of the service technician, they will bring in a solutions architect to help solve the issue. When comparing the agility and timeliness of Prophix's support vs. the support I receive by my ERP, there isn't even a comparison - Prophix wins hands down.
Steve Anderson profile photo

In-Person Training

Abila MIP Fund Accounting

Abila MIP Fund Accounting 8.0
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

Prophix

Prophix 8.2
Based on 2 answers
Very knowledgeable techs
Joel DeGroat profile photo

Online Training

Abila MIP Fund Accounting

Abila MIP Fund Accounting 6.3
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo

Prophix

Prophix 8.2
Based on 3 answers
Very knowledgeable techs
Joel DeGroat profile photo

Implementation

Abila MIP Fund Accounting

Abila MIP Fund Accounting 6.3
Based on 22 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

Prophix

Prophix 8.9
Based on 9 answers
Implementation was very succesful
Rob Strothkamp profile photo

Alternatives Considered

Abila MIP Fund Accounting

I have used QuickBooks Premier for Non-Profits in a previous job, but not at my current position. They have used MIP for several years prior to me coming on board. QuickBooks was much easier to learn, but I don't feel it has as much functionality as MIP does with the use of multiple federal and state managements and reporting
Tracie Lambright profile photo

Prophix

Prophix modeling is more flexible and customer support is more responsive. End users are empowered with ease of functionality that is lacking in the bigger brands. Design is more attentive to user feedback.
Carl Evans profile photo

Scalability

Abila MIP Fund Accounting

Abila MIP Fund Accounting 9.0
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

Prophix

Prophix 8.1
Based on 6 answers
We are a medium sized company, but the structure of Prophix would seemingly adapt to whatever sized organization you have. It also can be applied in any area of an enterprise that needs performance management, whether it involves financial data or not. The potential for application within the enterprise is really only limited by you imagination.
Kevin Warnick profile photo

Return on Investment

Abila MIP Fund Accounting

  • Abila has streamlined and allowed more tasks to be automated maximizing the efficiency of staff so more staff is not needed.
  • The Maintenance and Support annual fee is a bit expensive and not a very good return especially for the amount of features that are updated from year to year. I don't use support a lot since our systems are pretty efficient so hence I don't think the annual M&S is justifiable.
  • Abila's importing feature allows integration to many different systems which makes Abila very flexible allowing costs to be saved if the owner of the Abila system switches between vendors.
Donavan Lam, CPA profile photo

Prophix

  • Greater daily visibility to key metrics (i.e. monthly revenue, returns, open sales orders, monthly budget variances)
  • Ability to utilize a 12 month rolling revenue forecast
  • Faster time to provide variances at month/quarter end
Michael Pasquinelli 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

Prophix

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
Additional Pricing Details

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