What users are saying about
3 Ratings
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634 Ratings
3 Ratings
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Score 10 out of 100

MIP Fund Accounting

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634 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8.3 out of 100

Likelihood to Recommend

AccountMate

AccountMate is a great product for wholesale and distributors. It manages the inventory cycles comprehensively, from purchasing to stocking, to sales and delivery. There are a great many tools available to manage inventory, properties, and financials. The availability to have third-party add-ons offers even greater opportunities to meet the needs of the end-user.The system is not really suited for certain types of service industries: legal, medical, and those businesses that invoice on time.
Les Kule | TrustRadius Reviewer

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 | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

AccountMate
8.8
MIP Fund Accounting
8.2
Pay calculation
AccountMate
10.0
MIP Fund Accounting
8.5
Direct deposit files
AccountMate
9.0
MIP Fund Accounting
9.0
Salary revision and increment management
AccountMate
8.0
MIP Fund Accounting
8.2
Reimbursement management
AccountMate
8.0
MIP Fund Accounting
7.9
Benefit plan administration
AccountMate
MIP Fund Accounting
7.5

Security

AccountMate
9.0
MIP Fund Accounting
8.6
Single sign-on capability
AccountMate
9.0
MIP Fund Accounting
8.8
Role-based user permissions
AccountMate
MIP Fund Accounting
8.5

Reporting & Analytics

AccountMate
7.0
MIP Fund Accounting
7.7
Dashboards
AccountMate
6.0
MIP Fund Accounting
7.6
Standard reports
AccountMate
9.0
MIP Fund Accounting
8.0
Custom reports
AccountMate
6.0
MIP Fund Accounting
7.5

General Ledger and Configurable Accounting

AccountMate
7.6
MIP Fund Accounting
8.2
Accounts payable
AccountMate
8.0
MIP Fund Accounting
8.8
Accounts receivable
AccountMate
9.0
MIP Fund Accounting
8.6
Cash management
AccountMate
7.0
MIP Fund Accounting
8.0
Bank reconciliation
AccountMate
8.0
MIP Fund Accounting
8.9
Expense management
AccountMate
9.0
MIP Fund Accounting
8.5
Time tracking
AccountMate
7.0
MIP Fund Accounting
7.6
Multi-currency support
AccountMate
7.0
MIP Fund Accounting
8.7
Multi-division support
AccountMate
9.0
MIP Fund Accounting
9.2
Regulations compliance
AccountMate
7.0
MIP Fund Accounting
8.8
Electronic tax filing
AccountMate
8.0
MIP Fund Accounting
8.9
Global Financial Support
AccountMate
8.0
MIP Fund Accounting
Intercompany Accounting
AccountMate
5.0
MIP Fund Accounting
Journals and Reconciliations
AccountMate
8.0
MIP Fund Accounting
7.4
Enterprise Accounting
AccountMate
7.0
MIP Fund Accounting
8.0
Configurable Accounting
AccountMate
7.0
MIP Fund Accounting
7.3
Standardized Processes
AccountMate
7.0
MIP Fund Accounting
6.7
Fixed asset management
AccountMate
MIP Fund Accounting
8.5
Self-service portal
AccountMate
MIP Fund Accounting
7.4

Inventory Management

AccountMate
8.0
MIP Fund Accounting
4.2
Inventory tracking
AccountMate
9.0
MIP Fund Accounting
7.3
Automatic reordering
AccountMate
8.0
MIP Fund Accounting
1.0
Manufacturing module
AccountMate
7.0
MIP Fund Accounting
1.0
Location management
AccountMate
MIP Fund Accounting
7.7

Order Management

AccountMate
8.6
MIP Fund Accounting
5.2
Pricing
AccountMate
8.0
MIP Fund Accounting
7.5
Order entry
AccountMate
9.0
MIP Fund Accounting
8.1
Credit card processing
AccountMate
9.0
MIP Fund Accounting
2.5
Cost of goods sold
AccountMate
9.0
MIP Fund Accounting
2.7
End-to-end order visibility
AccountMate
8.0
MIP Fund Accounting

Customization

AccountMate
9.0
MIP Fund Accounting
7.4
Plug-ins
AccountMate
9.0
MIP Fund Accounting
7.3
API for custom integration
AccountMate
MIP Fund Accounting
7.5

Pros

AccountMate

  • Ease of use
  • Ability to easily adapt the solution to fit the needs of the end user
  • Integration of data across different platforms
Les Kule | TrustRadius Reviewer

MIP Fund Accounting

  • The interface and operations of MIP Fund are fairly easy to utilize and learn.
  • It offers some excellent tools for managing a non-profit operation.
  • The software makes it easy to streamline operations into one system without dealing with separate departments working with different systems.
Bruce Emmerling | TrustRadius Reviewer

Cons

AccountMate

  • Custom reports: The current system uses Crystal Reports, which is a bit cumbersome.
  • True cloud-based solution is missing
Les Kule | TrustRadius Reviewer

MIP Fund Accounting

  • It would be nice to switch between databases without having to logout and login.
  • When entering codes (like for a journal entry) it doesn't auto-search/fill the account numbers...you have to hit the dropdown and scroll for the number.
  • You can't post cash receipts without first having an invoice, which can slow down your processing.
Eric Harvey | TrustRadius Reviewer

Likelihood to Renew

AccountMate

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 9.7
Based on 48 answers
We are so used to this software there is no chance of us starting with a new software and re-learning every step.we are content with the software at this moment and feel there is no need to look for a new accounting software
Luis Godoy | TrustRadius Reviewer

Usability

AccountMate

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.5
Based on 47 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 | TrustRadius Reviewer

Reliability and Availability

AccountMate

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 11 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 | TrustRadius Reviewer

Performance

AccountMate

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 12 answers
MIP Fund Accounting has worked very well for me. It has been ten years that I have been working with the software and have never had an issue with it crashing or losing information. I would definitely recommend this software to other users based on the experience I have had.
Janet Resendiz | TrustRadius Reviewer

Support Rating

AccountMate

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.1
Based on 75 answers
They consistently provide quality, knowledgeable service to my questions and concerns. The only reason I am not giving them a 10 is because recently the hold time on the telephone has been much longer than in the past. the quality of the customer service, once I speak to a representative continues to be of a high quality, but the delays are atypical of previous encounters.
Jeffrey Chapman | TrustRadius Reviewer

In-Person Training

AccountMate

No score
No answers yet
No answers on this topic

MIP Fund Accounting

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 | TrustRadius Reviewer

Online Training

AccountMate

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 4.0
Based on 4 answers
Personalized training provided for our organization
karen hoffman | TrustRadius Reviewer

Implementation Rating

AccountMate

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 4.8
Based on 37 answers
Having a detailed plan helps. Understanding what your data 'means' is important so it can be correctly mapped to the new solution. Having other staff in on the early training helped as well. We had a few questions that popped up that our implementer was able to address promptly which then prompted the controller to ask even more detailed questions. In the end, we ended up with a better product. Keep in mind, you won't remember to ask all of the relevant questions and you may run into 'challenges' after the fact
Al Hesse | TrustRadius Reviewer

Alternatives Considered

AccountMate

We use AccountMate for a number of reasons, particularly its ease of use and the ability to customize any part of the system (with source code residing on the end-user system--a HUGE advantage).
Les Kule | TrustRadius Reviewer

MIP Fund Accounting

Fund EZ is a product I found out about from a previous employment stint. It has a lot of the features MIP has but is not nearly as good. I would consider using this product if MIP continues to raise fees.
Erich Koch | TrustRadius Reviewer

Scalability

AccountMate

No score
No answers yet
No answers on this topic

MIP Fund Accounting

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 | TrustRadius Reviewer

Return on Investment

AccountMate

  • Allows us to quickly gain insight into the current and past performance of the company
Les Kule | TrustRadius Reviewer

MIP Fund Accounting

  • MIP has streamlined and allowed more tasks to be automated maximizing the efficiency of staff so more staff is not needed.
  • MIP importing feature allows integration to many different systems which makes MIP very flexible allowing costs to be saved if the owner of the MIP system switches between vendors.
Donavan Lam, CPA | TrustRadius Reviewer

Screenshots

Pricing Details

AccountMate

General

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

MIP Fund Accounting

General

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

Rating Summary

Likelihood to Recommend

AccountMate
10.0
MIP Fund Accounting
8.3

Likelihood to Renew

AccountMate
MIP Fund Accounting
9.7

Usability

AccountMate
MIP Fund Accounting
8.5

Reliability and Availability

AccountMate
MIP Fund Accounting
10.0

Performance

AccountMate
MIP Fund Accounting
10.0

Support Rating

AccountMate
MIP Fund Accounting
8.1

In-Person Training

AccountMate
MIP Fund Accounting
8.0

Online Training

AccountMate
MIP Fund Accounting
4.0

Implementation Rating

AccountMate
MIP Fund Accounting
4.8

Scalability

AccountMate
MIP Fund Accounting
9.0

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