What users are saying about

Abila MIP Fund Accounting

Top Rated
601 Ratings

Tipalti

10 Ratings

Abila MIP Fund Accounting

Top Rated
601 Ratings
Score 7.9 out of 101

Tipalti

10 Ratings
Score 8.8 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

Tipalti

Tipalti is well suited for companies that have to pay out hundreds of partners in multiple currencies in different formats (e.g. Paypal, ACH, wires, eChecks.) They provide a very intuitive portal that has a simple yet effective UI to process payments. If your company has minimal payment needs, Tipalti could be helpful but I think it's best suited for companies that have many payment streams. That would allow your company to fully tap the potential of this tool
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Feature Rating Comparison

Payroll Management

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

Customization

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

Security

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

Reporting & Analytics

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

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.5
Tipalti
Accounts payable
Abila MIP Fund Accounting
8.5
Tipalti
Accounts receivable
Abila MIP Fund Accounting
8.1
Tipalti
Cash management
Abila MIP Fund Accounting
8.0
Tipalti
Bank reconciliation
Abila MIP Fund Accounting
8.4
Tipalti
Expense management
Abila MIP Fund Accounting
8.0
Tipalti
Time tracking
Abila MIP Fund Accounting
7.2
Tipalti
Fixed asset management
Abila MIP Fund Accounting
7.6
Tipalti
Multi-currency support
Abila MIP Fund Accounting
6.2
Tipalti
Multi-division support
Abila MIP Fund Accounting
8.1
Tipalti
Regulations compliance
Abila MIP Fund Accounting
7.9
Tipalti
Electronic tax filing
Abila MIP Fund Accounting
7.6
Tipalti
Self-service portal
Abila MIP Fund Accounting
5.7
Tipalti
Standardized Processes
Abila MIP Fund Accounting
6.6
Tipalti

Inventory Management

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

Order Management

Abila MIP Fund Accounting
4.7
Tipalti
Pricing
Abila MIP Fund Accounting
6.7
Tipalti
Order entry
Abila MIP Fund Accounting
6.8
Tipalti
Credit card processing
Abila MIP Fund Accounting
2.5
Tipalti
Cost of goods sold
Abila MIP Fund Accounting
2.7
Tipalti

Accounting Firm BPO Features

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

Pros

  • 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
  • The most important thing to look for when selecting an enterprise partner is customer service. The support team at Tipalti is extremely prompt and helpful when responding to questions, no matter how dumb they might be. Their executive team also monitors support inquiries for broader account questions so the are able to handle them promptly with the right perspective. Being able to get a quick response for any question is exceptionally valuable.
  • Tipalti's core feature is enabling payments in a very streamlined manner. They were the first provider that we found that was able to process payments in any currency across any payment method, allowing us to provide the maximum convenience to the vendors that we work with. Because of this, Touch of Modern is known as one of the easiest retail partners to work with.
  • A feature we didn't even realize would be so valuable is the tax compliance piece. When we started the company, we had no idea that we needed to collect tax information for every vendor we sent a payment to. Tipalti's platform requires this and ensures no payments are sent without the proper compliance.
Jonathan Wu profile photo

Cons

  • They need to better explain how to create definition files so end users can learn how to upload large amounts of data into the system. As of right now, most end users have to contact a consultant to create the definition file and pay literally thousands of dollars in order to do uploads.
  • The financial statement reports could be better. When I created the income statement, the profit is shown as a credit, while a loss is shown as a debit which makes it look funny for presentation purposes. I now have to key everything into Excel so it doesn't do this. The reports could be better if it allowed a way to add statistics to the report. Most FQHCs present stats like visits, Days Cash on Hand and so on. It would be nice to be able to have these stats shown in the financial statements.
  • MIP needs to allow for easier copying and pasting items into the fields. In the Budget module, you can't right click and paste. You need to select the "Edit" and then paste from the drop down menu.
Erich Koch profile photo
  • One frustrating problem we've had with payments is when payments bounce. Now this is not necessarily a problem with using Tipalti vs. using any payment processor, but sometimes it takes 1-2 weeks to even find out a payment has bounced and then another week or so for the payment to return to our account. It would be incredibly valuable to know as soon as possible when a payment has bounced so we can take the proper corrective action.
  • The functionality that I would love to see is the ability to send a credit card payment token, with the idea of generating individual single use credit card numbers to pay our vendors by that method. With this payment method, Tipalti would be fully complete in my mind in the ability to send money.
  • Paper checks are a little slow to send out, but then again, it's called "snail mail" for a reason.
Jonathan Wu profile photo

Likelihood to Renew

Abila MIP Fund Accounting8.8
Based on 35 answers
It's the best software to fit our needs.
Nikki Patterson profile photo
No score
No answers yet
No answers on this topic

Usability

Abila MIP Fund Accounting8.6
Based on 33 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
No score
No answers yet
No answers on this topic

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
No score
No answers yet
No answers on this topic

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
No score
No answers yet
No answers on this topic

Support

Abila MIP Fund Accounting8.4
Based on 30 answers
Our reseller and the MIP technical support team has been very reactive when questions or problems have arisen. The reseller has been especially helpful in figuring what to do about entry problems.
Nikki Patterson profile photo
No score
No answers yet
No answers on this topic

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
No score
No answers yet
No answers on this topic

Implementation

Abila MIP Fund Accounting6.9
Based on 19 answers
MUST have a good partner to guide you through the set up steps. A seasoned organization is imperative. They can help navigate issues because they have dealt with them before.
Jan Crockett profile photo
No score
No answers yet
No answers on this topic

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 looked at Payoneer and AFEX. AFEX was more focused on foreign currency and is able to distribute payments faster because of a broad network of financial institutions around the world. However, they do not have any compliance regarding foreign payments.Payoneer looked like a leader in the space, but they did not offer the comprehensive payment methods, particularly related to foreign currency that Tipalti did when we did our search three years ago.
Jonathan Wu 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
No score
No answers yet
No answers on this topic

Return on Investment

  • 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
  • Before implementing Tipalti, it took an employee several hours to process each of the four payment methods we offered, and collecting and updating both tax info and payment details was an ongoing task. Now, we no longer have to spend time on tax info or payment details and processing payments for all of our payment methods takes less than an hour.
  • The ease of processing payments with Tipalti allowed us to greatly increase the number of payments we could process. Due to this, we were able to lower our payment threshold for our publishers which was extremely well received, especially our smaller publishers.
Austin Harrison 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

Tipalti

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