Abila MIP Fund Accounting

Top Rated
601 Ratings
Score 7.9 out of 101

Workday Financial Management

18 Ratings
Score 8 out of 101

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Likelihood to Recommend

Abila MIP Fund Accounting

Because I work in the FQHC world, I would recommend this product specifically for any business or end user within that field. This product allows people in this field to comply with federal reporting requirements, makes it easier to track grants, and allows for the slicing and dicing of financial statements in many ways which is important in this field. This product is good for most day to day accounting functions and is pretty robust as well for an FQHC. This product is probably less appropriate for large healthcare systems where you want to keep track of statistics which this product cannot currently do.
Erich Koch profile photo

Workday Financial Management

I thought this was a great tool for putting together and tracking our department's actuals. Kind of like a Google Doc, people could edit it in real-time and comment. Which is great as I work on projects with coworkers where the events and projects are using different budgets. It helps to sort through what items should hit each budget.
No photo available

Feature Rating Comparison

Payroll Management

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

Customization

Abila MIP Fund Accounting
7.4
Workday Financial Management
API for custom integration
Abila MIP Fund Accounting
7.4
Workday Financial Management
Plug-ins
Abila MIP Fund Accounting
7.3
Workday Financial Management

Security

Abila MIP Fund Accounting
8.4
Workday Financial Management
Single sign-on capability
Abila MIP Fund Accounting
8.3
Workday Financial Management
Role-based user permissions
Abila MIP Fund Accounting
8.4
Workday Financial Management

Reporting & Analytics

Abila MIP Fund Accounting
7.4
Workday Financial Management
7.7
Dashboards
Abila MIP Fund Accounting
6.5
Workday Financial Management
7.0
Standard reports
Abila MIP Fund Accounting
7.8
Workday Financial Management
8.0
Custom reports
Abila MIP Fund Accounting
7.9
Workday Financial Management
8.0

General Ledger and Configurable Accounting

Abila MIP Fund Accounting
7.5
Workday Financial Management
8.0
Accounts payable
Abila MIP Fund Accounting
8.5
Workday Financial Management
Accounts receivable
Abila MIP Fund Accounting
8.1
Workday Financial Management
Cash management
Abila MIP Fund Accounting
8.0
Workday Financial Management
Bank reconciliation
Abila MIP Fund Accounting
8.4
Workday Financial Management
Expense management
Abila MIP Fund Accounting
8.0
Workday Financial Management
8.0
Time tracking
Abila MIP Fund Accounting
7.1
Workday Financial Management
Fixed asset management
Abila MIP Fund Accounting
7.6
Workday Financial Management
Multi-currency support
Abila MIP Fund Accounting
6.2
Workday Financial Management
Multi-division support
Abila MIP Fund Accounting
8.1
Workday Financial Management
Regulations compliance
Abila MIP Fund Accounting
7.9
Workday Financial Management
Electronic tax filing
Abila MIP Fund Accounting
7.6
Workday Financial Management
Self-service portal
Abila MIP Fund Accounting
5.6
Workday Financial Management
Standardized Processes
Abila MIP Fund Accounting
6.6
Workday Financial Management

Inventory Management

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

Order Management

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

Accounting Firm BPO Features

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

Pros

  • The flexibility of segment reporting allows us to generate detailed cost structures for multiple federal programs in a very efficient manner. This allows for effective and efficient on time reporting to funders.
  • The importing features allow for very efficient entry of high volume journal entries that also minimize mistakes.
Donavan Lam, CPA profile photo
  • I really liked being able to put together reports for my supervisor by using the financial planning tools. I was able to show our actuals which then allowed my boss to talk more easily with our accounting department to plan future budgets.
No photo available

Cons

  • Understanding the permissions assigned to employees got confusing at times.
Brandon Adawi profile photo
  • We only used this system for a short time before switching over to new software, but nothing from my experience. There are a lot of great tools with Workday Financial Management, I'm sure our other departments could have made great use out of features like inventory, expenses, or procurement.
No photo available

Likelihood to Renew

Abila MIP Fund Accounting8.8
Based on 35 answers
I am not the decision-maker, but it would be my recommendation at this point.
Christine Frenzel profile photo
No score
No answers yet
No answers on this topic

Usability

Abila MIP Fund Accounting8.6
Based on 33 answers
If you are not an accountant, it would be very difficult to use. As an accountant there are aspects that are so specific that if you do not understand how they work and hand off to other parts of the software, you can really mess up your reporting.
Christine Frenzel 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
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
No score
No answers yet
No answers on this topic

In-Person Training

Abila MIP Fund Accounting8.0
Based on 6 answers
I was trained on the job by the person who implemented and had used it for 6 years prior to my employment. She was very knowledgeable, but didn't know all of the ins and outs, which is where I self taught.
Cindy Chapple 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
I would not implement without the help of a reseller.
Nikki Patterson profile photo
No score
No answers yet
No answers on this topic

Alternatives Considered

Abila MIP Fund Accounting was the only accounting software we researched. I previously worked in public accounting and worked with several clients who used Abila MIP Fund Accounting and highly recommended the software. We previously used QuickBooks, which was a good beginner software, but restricted us in certain aspects, especially with reporting
Tamour Kousha profile photo
I miss using Workday Financial Managment, and if I moved departments or took on more responsibilities with the financials I would definitely recommend it!
No photo available

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

  • 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
  • From my experience with it, it had a positive impact on our business by helping make smoother financial reports.
  • Easy to collaborate with others on building actual reports.
  • Made life easier for supervisors by allowing them to quickly and easily look over actual information, to move forward wth planning future budgets.
No photo available

Screenshots

Workday Financial Management

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

Workday Financial Management

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