What users are saying about

Abila MIP Fund Accounting

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Top Rated
603 Ratings
12 Ratings

Abila MIP Fund Accounting

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Top Rated
603 Ratings
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Score 7.9 out of 101
12 Ratings
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Score 4.5 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

Tenrox

Tenrox works great for our Project Management team and it is well suited when being used in conjunction with Microsoft Project. For the way Tenrox works in our case, it may not be as useful for Project Management departments that do not use Microsoft Project, or different departments within an organization.
No photo available

Feature Rating Comparison

Payroll Management

Abila MIP Fund Accounting
7.6
Tenrox
Pay calculation
Abila MIP Fund Accounting
8.8
Tenrox
Benefit plan administration
Abila MIP Fund Accounting
7.1
Tenrox
Direct deposit files
Abila MIP Fund Accounting
8.7
Tenrox
Salary revision and increment management
Abila MIP Fund Accounting
7.0
Tenrox
Reimbursement management
Abila MIP Fund Accounting
6.4
Tenrox

Customization

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

Security

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

Reporting & Analytics

Abila MIP Fund Accounting
7.3
Tenrox
Dashboards
Abila MIP Fund Accounting
6.3
Tenrox
Standard reports
Abila MIP Fund Accounting
7.7
Tenrox
Custom reports
Abila MIP Fund Accounting
7.9
Tenrox

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.6
Tenrox
Accounts payable
Abila MIP Fund Accounting
8.4
Tenrox
Accounts receivable
Abila MIP Fund Accounting
8.1
Tenrox
Cash management
Abila MIP Fund Accounting
7.9
Tenrox
Bank reconciliation
Abila MIP Fund Accounting
8.4
Tenrox
Expense management
Abila MIP Fund Accounting
8.0
Tenrox
Time tracking
Abila MIP Fund Accounting
6.8
Tenrox
Fixed asset management
Abila MIP Fund Accounting
7.6
Tenrox
Multi-currency support
Abila MIP Fund Accounting
6.6
Tenrox
Multi-division support
Abila MIP Fund Accounting
8.2
Tenrox
Regulations compliance
Abila MIP Fund Accounting
8.1
Tenrox
Electronic tax filing
Abila MIP Fund Accounting
7.6
Tenrox
Self-service portal
Abila MIP Fund Accounting
6.0
Tenrox
Standardized Processes
Abila MIP Fund Accounting
6.9
Tenrox

Inventory Management

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

Order Management

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

Accounting Firm BPO Features

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

Project Management

Abila MIP Fund Accounting
Tenrox
3.7
Task Management
Abila MIP Fund Accounting
Tenrox
3.0
Resource Management
Abila MIP Fund Accounting
Tenrox
3.0
Gantt Charts
Abila MIP Fund Accounting
Tenrox
8.0
Scheduling
Abila MIP Fund Accounting
Tenrox
3.0
Workflow Automation
Abila MIP Fund Accounting
Tenrox
2.0
Team Collaboration
Abila MIP Fund Accounting
Tenrox
1.0
Support for Agile Methodology
Abila MIP Fund Accounting
Tenrox
7.9
Support for Waterfall Methodology
Abila MIP Fund Accounting
Tenrox
6.9
Document Management
Abila MIP Fund Accounting
Tenrox
2.0
Email integration
Abila MIP Fund Accounting
Tenrox
2.0
Mobile Access
Abila MIP Fund Accounting
Tenrox
4.5
Timesheet Tracking
Abila MIP Fund Accounting
Tenrox
2.0
Change request and Case Management
Abila MIP Fund Accounting
Tenrox
5.2
Budget and Expense Management
Abila MIP Fund Accounting
Tenrox
1.0

Professional Services Automation

Abila MIP Fund Accounting
Tenrox
10.0
Invoicing
Abila MIP Fund Accounting
Tenrox
10.0
Project & financial reporting
Abila MIP Fund Accounting
Tenrox
10.0

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
  • Tenrox makes it easy to put in your time accurately across the board. It's easy to track hours and enter your time at the SVP level or coordinator level.
  • Tenrox is also great at sending automated emails about when someone fills out their sheets or when someone isn't filling out their sheets. It's great at letting management know either way!
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
  • Integrate with other systems such as audit systems
  • Reporting was a bit unintuitive
  • Skip timesheets
Orang Demehry, CPA, CISA, CITP, ACDA profile photo

Likelihood to Renew

Abila MIP Fund Accounting9.0
Based on 38 answers
I am not the decision-maker, but it would be my recommendation at this point.
Christine Frenzel profile photo
Tenrox7.0
Based on 6 answers
Did as promised.
Orang Demehry, CPA, CISA, CITP, ACDA profile photo

Usability

Abila MIP Fund Accounting8.7
Based on 34 answers
It is great and easy to use once you have had some training, some are more complex than others, but overall it is a great product.
Tracie Lambright profile photo
Tenrox8.0
Based on 1 answer
I feel like if the user interface could combine time and expense for users to be entered on one screen rather than two completely separate locations it would greatly improve usability. If the expense entry process could be improved completely, it would greatly improve the usability as well. Everything else within Tenrox, makes everything very user friendly.
No photo available

Reliability and Availability

Abila MIP Fund Accounting9.0
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
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 Accounting8.6
Based on 32 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
Tenrox9.0
Based on 1 answer
The support team is always very helpful and strives to ensure they have met your needs and corrected your issues in a timely manner. If they need more information or cannot recreate the issue themselves, then they will follow-up to gather the necessary data themselves. They are constantly striving to meet the needs of all users and understand so many different industries and types of environments out there, it is very impressive.
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
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 would not implement without the help of a reseller.
Nikki Patterson profile photo
Tenrox9.0
Based on 1 answer
The main thing with implementation is to make sure you have taken full advantage of the "sandbox testing" site that Tenrox provides to you during development. Try out every scenario you can think of, have other people enter information if needed, so that you can make sure you have not missed any big items. If you have the opportunity, roll out implementation to small groups of users. Depending on how your company is set up, I would choose groups that are not all in the same department so that you can address questions across all areas before adding in more users in the next wave of implementation.
No photo available

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
The Tenrox software looks and feels older and is not as user friendly! Harvest, for example, is an upgraded version that is easier to track and compile. This is what I'm comparing it to and it's not even close! We only selected Tenrox because it was cheaper and we had a connection in the company with someone at Tenrox to use that platform. We are currently looking for a change.
No photo available

Scalability

Abila MIP Fund Accounting9.0
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
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
  • Tenrox enabled our company to continue to grow at an extremely high rate of speed and keep up with the payroll and invoicing needs that were changing along the way. We were in a manual system for processing previously with about 75 employees total and more than doubled in 6 months which made our process very difficult.
  • Tenrox provided reporting to track charges that were not being billed that could be, allowed us to change the way employees entered billable and non-billable time, improved efficiency of administrative team and project managers.
  • Tenrox allows us to provide detailed work reports for our clients to show description of services provided by running a single report over a given amount of time without having to keep hand written files that provided the same information previously.
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

Tenrox

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