What users are saying about

Abila MIP Fund Accounting

Top Rated
601 Ratings

Prophix

Top Rated
116 Ratings

Abila MIP Fund Accounting

Top Rated
601 Ratings
Score 7.9 out of 101

Prophix

Top Rated
116 Ratings
Score 8.8 out of 101

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Likelihood to Recommend

Abila MIP Fund Accounting

We are a small company with around 30 employees, some full-time and some part-time, with funding from multiple sources but mostly government grants. It works great for our needs. It would be well suited for a company with less employees and less programs that do their own payroll and program management. It would be well suited for a company with more employees and more programs that also do everything in-house. Companies could forgo the Payroll module and still get good use out of it with the A/R and A/P and Budget modules. I cannot think of a scenario where Abila is less appropriate
Kayla Klinger profile photo

Prophix

When implementing Prophix you create a famework structure of rules that your company operatins in. The great thing, is this structure is fixed and cannot be broken, the difficult thing is that same one, 'one-time' exceptions that are outside of those rules can be difficult. Because the formula's in the account structure are fixed, the flexibility in changin the formula in a meeting on a template is not really there. Sometimes you need to quickly update a formula, and that is not Prophix's strongsuit. But once you have that formula written correctly, getting accurate results and end users not being able to break that formula are its strongsuit
Trevor Booth profile photo

Feature Rating Comparison

Payroll Management

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

Customization

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

Security

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

Reporting & Analytics

Abila MIP Fund Accounting
7.4
Prophix
Dashboards
Abila MIP Fund Accounting
6.5
Prophix
Standard reports
Abila MIP Fund Accounting
7.8
Prophix
Custom reports
Abila MIP Fund Accounting
7.9
Prophix

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.5
Prophix
Accounts payable
Abila MIP Fund Accounting
8.5
Prophix
Accounts receivable
Abila MIP Fund Accounting
8.1
Prophix
Cash management
Abila MIP Fund Accounting
8.0
Prophix
Bank reconciliation
Abila MIP Fund Accounting
8.4
Prophix
Expense management
Abila MIP Fund Accounting
8.0
Prophix
Time tracking
Abila MIP Fund Accounting
7.2
Prophix
Fixed asset management
Abila MIP Fund Accounting
7.6
Prophix
Multi-currency support
Abila MIP Fund Accounting
6.2
Prophix
Multi-division support
Abila MIP Fund Accounting
8.1
Prophix
Regulations compliance
Abila MIP Fund Accounting
7.9
Prophix
Electronic tax filing
Abila MIP Fund Accounting
7.6
Prophix
Self-service portal
Abila MIP Fund Accounting
5.7
Prophix
Standardized Processes
Abila MIP Fund Accounting
6.6
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
6.7
Prophix
Order entry
Abila MIP Fund Accounting
6.8
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
7.0
Prophix
Client data roll-up capabilities
Abila MIP Fund Accounting
7.9
Prophix
Configurable alerts
Abila MIP Fund Accounting
7.1
Prophix
Billing bypass
Abila MIP Fund Accounting
6.5
Prophix
Client template cloning
Abila MIP Fund Accounting
7.6
Prophix
Single sign-on
Abila MIP Fund Accounting
4.5
Prophix
Industry-specific versioning
Abila MIP Fund Accounting
8.3
Prophix
Legacy system data migration
Abila MIP Fund Accounting
7.0
Prophix

Budgeting, Planning, and Forecasting

Abila MIP Fund Accounting
Prophix
7.9
Long-term financial planning
Abila MIP Fund Accounting
Prophix
7.6
Financial budgeting
Abila MIP Fund Accounting
Prophix
8.4
Forecasting
Abila MIP Fund Accounting
Prophix
7.8
Scenario modeling
Abila MIP Fund Accounting
Prophix
7.4
Management reporting
Abila MIP Fund Accounting
Prophix
8.1

Consolidation and Close

Abila MIP Fund Accounting
Prophix
8.0
Financial data consolidation
Abila MIP Fund Accounting
Prophix
8.2
Journal entries and reports
Abila MIP Fund Accounting
Prophix
7.5
Multi-currency management
Abila MIP Fund Accounting
Prophix
8.1
Intercompany Eliminations
Abila MIP Fund Accounting
Prophix
8.3
Minority Ownership
Abila MIP Fund Accounting
Prophix
8.4
Local and consolidated reporting
Abila MIP Fund Accounting
Prophix
8.3
Detailed Audit Trails
Abila MIP Fund Accounting
Prophix
7.4

FInancial Reporting and Compliance

Abila MIP Fund Accounting
Prophix
7.8
Financial Statement Reporting
Abila MIP Fund Accounting
Prophix
8.4
Management Reporting
Abila MIP Fund Accounting
Prophix
8.2
Excel-based Reporting
Abila MIP Fund Accounting
Prophix
7.8
Automated board and financial reporting
Abila MIP Fund Accounting
Prophix
7.7
XBRL support for regulatory filing
Abila MIP Fund Accounting
Prophix
6.7

Analytics

Abila MIP Fund Accounting
Prophix
7.6
Personalized dashboards
Abila MIP Fund Accounting
Prophix
7.3
Color-coded scorecards
Abila MIP Fund Accounting
Prophix
7.3
KPIs
Abila MIP Fund Accounting
Prophix
7.6
Cost and profitability analysis
Abila MIP Fund Accounting
Prophix
7.5
Key Performance Indicator setting
Abila MIP Fund Accounting
Prophix
7.6
Benchmarking with external data
Abila MIP Fund Accounting
Prophix
8.0

Integration

Abila MIP Fund Accounting
Prophix
8.2
Flat file integration
Abila MIP Fund Accounting
Prophix
8.4
Excel data integration
Abila MIP Fund Accounting
Prophix
8.2
Direct links to 3rd-party data sources
Abila MIP Fund Accounting
Prophix
7.9

Pros

  • Reporting - MIP is particularly strong in reporting. We have been able to create custom reports for all major funding sources, strong internal reports for senior management and the board of trustees, and detailed general ledger reports to ensure data is being accurately entered into the accounting system.
  • Accounts Payable/Receivable processing & reporting - MIP has allowed us to add efficiency to these 2 key areas of our department. The entering and reviewing of accounts payable has become easier, and we have significantly reduced the time it takes to file accounts payable invoices (invoices are now being filed by batch, previously they were being filed alphabetically, which took a significant amount of time). The accounts receivable process has been streamlined through MIP. Invoicing tenants, pledges and grants are setup as recurring invoices, which makes this process very easy on a monthly basis. Also, internal monitoring of outstanding accounts receivable has been improved due to MIP's ability to generate custom accounts receivable reports.
  • Copying sessions/setting up recurring entries - MIP allows you to copy previous sessions that have been posted into the accounting system. Being a non-profit, some of our allocation journal entries and other entries can be quite large. The ability to copy a session that has been previously posted saves us a significant amount of time. MIP also allows you to setup weekly/monthly recurring entries. Again, not having to manually enter these entries on a weekly/month basis saves us a significant amount of time.
Tamour Kousha profile photo
  • One of the biggest issues we had with our excel budgets was formula's that linked multiple tabs and/or workbooks together either being wrong or getting written over. In Prohpix you write the formula once in the account structure and it cannot be broken by end users.
  • Access rights are granted by users, so we are able to build one sales template for all of our reps to enter budgets and view reports, but they only are able to view the customers assigned to them. This makes updating easy as it all in once place.
  • Prohpix connects direclty through SQL to our ERP data, and thus we are able to schedule automatic nightly imports of that days invoices. Every morning sales can access their updated results on-demand, or we can schedule Prophix to distribute it automatically to those who prefer that.
  • Flexibility in data presentation. Ad-hoc reporting ability allows us to build a data view in Prophix in seconds during a meeting that would take an hour or more to generate all the different reports in our ERP and then consolidate them in excel and still not have the flexibility the cube structure offers.
  • We operate in numerous currencies, Prophix has the ability to create multiple scenarios that we can use a different currency rate on each for our best case vs worst case currency rate analysis to be able to pick one for use on our budget.
Trevor Booth profile photo

Cons

  • You cannot put special characters into user defined fields, this will not allow payroll to process for an individual.
  • Cannot delete unused distribution codes.
  • Prompts to save a report every time there is a change, impractical.
  • HR module instruction manual is written poorly and missing steps, it's obvious this hasn't been written by the same developers, needs to be reviewed.
Bianca Jurczak profile photo
  • Sample monthly financial reports could be very useful.
  • Advanced Excel formula functionality and enhanced hot keys in the solution's template studio tool could be useful.
  • I would love to see a sample KPI dashboard included in the solution.
Ben Wheeler profile photo

Likelihood to Renew

Abila MIP Fund Accounting8.8
Based on 35 answers
It never gives us problems, and meets most of our needs.
Jeffrey Chapman profile photo
Prophix10.0
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 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
Prophix8.4
Based on 13 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 Accounting8.9
Based on 6 answers
I refer back to the previous questions. It has suddenly quit on me.
Christine Frenzel profile photo
Prophix8.5
Based on 6 answers
We rarely encounter application errors or outages
Rob Strothkamp profile photo

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
Prophix7.7
Based on 6 answers
To date, we have not had any issues with Prophix performance
Rob Strothkamp profile photo

Support

Abila MIP Fund Accounting8.4
Based on 30 answers
The technical support team is thorough, and understands accounting as well as technical issues. If a challenge arises, the issue is escalated. Although that has rarely happened.
karen hoffman profile photo
Prophix7.9
Based on 54 answers
Prophix is great, and the customer service is impeccable. The only issues we have is how long it takes sometimes. 10-15 minutes to maneuver to a different budget version seems a bit long.
Neal Bayless profile photo

In-Person Training

Abila MIP Fund Accounting7.9
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
Prophix7.3
Based on 2 answers
Online training not company specific
Rob Strothkamp profile photo

Implementation

Abila MIP Fund Accounting6.9
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
Prophix8.8
Based on 8 answers
Implementation was very succesful
Rob Strothkamp profile photo

Alternatives Considered

We looked at two other software products and they just couldn't track the separate funding sources the way we needed them too. It was going to be a lot of exporting and backtracking to get the right information (at that time). And Blackbaud just didn't seem to have enough "oomph" to be what we needed with the volume of transactions we have.
Marie Cline profile photo
I brought Prophix to Spacesaver from my former employer, where I was part of the selection team, and led implementation. There were two main factors in our decision:
  • Prophix was significantly cheaper than TM1 in all ways, the cost for each user license, cost of implementation, and overall software costs
  • Prophix doesn't rely on an IT department to program reports within the system. That is a significant benefit to keep control in accounting, and to reduce the burden on other departments.
Prophix sits on top of any ERP system, so if you are considering upgrading your ERP, you can port any reporting over to the new system
Steve Anderson profile photo

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
Prophix8.0
Based on 4 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

  • We have been using the software for many years and it allows for full support of our business objectives.
  • QuickBooks is a joke when compared to a true accounting software solution like Abila MIP Fund Accounting.
Julie Johnston profile photo
  • We were 9 months live with a new ERP and were struggling to get timely and effective reports out of the ERP when I was hired, I had Prophix installed within a month, and we were able to run a full budget through the software within 1-2 months.
  • We are able to create customized reporting that can be distributed with one mouse click. That significantly reduces the time it takes to distribute our financial statements.
  • We use Prophix for our detailed sales budgeting, where we need to budget by market, by product and by customer all on a monthly level. Prophix aids in the aggregation of that data, and allows for quick reporting as the budget is entered.
  • Prophix has an affordable price tag for implementation, and the annual maintenance is very affordable. Once we bought the software, we get all upgrades for free, and if we need service help, we are not charged per call.
Steve Anderson 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

Abila MIP Fund Accounting More Information

Prophix

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

Prophix More Information