What users are saying about
31 Ratings
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Top Rated
719 Ratings
31 Ratings
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Score 8.5 out of 100

MIP Fund Accounting

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Top Rated
719 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 8.2 out of 100

Likelihood to Recommend

Acumatica

We work with clients from various fields and have not yet encountered cases where Acumatica is not suitable. It can be customized for any business. Some business-process a harder for customization but basically, everything is solvable.
Anonymous | TrustRadius Reviewer

MIP Fund Accounting

MIP is great when an organization has multiple departments. I am able to pinpoint exactly what department or event an expense was for because of the multiple options and layers to narrow down.Reports customizations are great in order to produce an understandable summary of the data for non-accounting professionals. This would be suitable for organizations who have staff with limited accounting knowledge outside the accounting team.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Acumatica
9.9
MIP Fund Accounting
7.4
Pay calculation
Acumatica
9.9
MIP Fund Accounting
8.2
Benefit plan administration
Acumatica
9.9
MIP Fund Accounting
6.6
Direct deposit files
Acumatica
9.9
MIP Fund Accounting
8.7
Salary revision and increment management
Acumatica
9.9
MIP Fund Accounting
6.7
Reimbursement management
Acumatica
9.8
MIP Fund Accounting
6.9

Customization

Acumatica
9.8
MIP Fund Accounting
7.6
API for custom integration
Acumatica
9.8
MIP Fund Accounting
7.9
Plug-ins
Acumatica
9.7
MIP Fund Accounting
7.4

Security

Acumatica
9.6
MIP Fund Accounting
8.4
Single sign-on capability
Acumatica
9.8
MIP Fund Accounting
8.5
Role-based user permissions
Acumatica
9.5
MIP Fund Accounting
8.3

Reporting & Analytics

Acumatica
8.9
MIP Fund Accounting
8.0
Dashboards
Acumatica
9.0
MIP Fund Accounting
7.4
Standard reports
Acumatica
8.5
MIP Fund Accounting
8.4
Custom reports
Acumatica
9.3
MIP Fund Accounting
8.1

General Ledger and Configurable Accounting

Acumatica
9.3
MIP Fund Accounting
8.2
Accounts payable
Acumatica
9.1
MIP Fund Accounting
8.7
Accounts receivable
Acumatica
9.0
MIP Fund Accounting
8.2
Global Financial Support
Acumatica
9.9
MIP Fund Accounting
Primary and Secondary Ledgers
Acumatica
9.1
MIP Fund Accounting
Intercompany Accounting
Acumatica
9.8
MIP Fund Accounting
Localizations
Acumatica
9.8
MIP Fund Accounting
Journals and Reconciliations
Acumatica
9.2
MIP Fund Accounting
8.1
Enterprise Accounting
Acumatica
9.0
MIP Fund Accounting
7.9
Configurable Accounting
Acumatica
9.1
MIP Fund Accounting
8.5
Centralized Rules Framework
Acumatica
9.3
MIP Fund Accounting
Standardized Processes
Acumatica
9.4
MIP Fund Accounting
8.1
Cash management
Acumatica
MIP Fund Accounting
7.8
Bank reconciliation
Acumatica
MIP Fund Accounting
8.3
Expense management
Acumatica
MIP Fund Accounting
8.5
Time tracking
Acumatica
MIP Fund Accounting
7.3
Fixed asset management
Acumatica
MIP Fund Accounting
8.0
Multi-currency support
Acumatica
MIP Fund Accounting
8.4
Multi-division support
Acumatica
MIP Fund Accounting
8.9
Regulations compliance
Acumatica
MIP Fund Accounting
8.4
Electronic tax filing
Acumatica
MIP Fund Accounting
8.4
Self-service portal
Acumatica
MIP Fund Accounting
7.4

Inventory Management

Acumatica
9.7
MIP Fund Accounting
4.5
Inventory tracking
Acumatica
9.8
MIP Fund Accounting
8.0
Automatic reordering
Acumatica
9.5
MIP Fund Accounting
1.0
Location management
Acumatica
9.7
MIP Fund Accounting
8.2
Manufacturing module
Acumatica
9.8
MIP Fund Accounting
1.0

Order Management

Acumatica
9.5
MIP Fund Accounting
4.6
Pricing
Acumatica
9.2
MIP Fund Accounting
6.2
Order entry
Acumatica
9.0
MIP Fund Accounting
7.4
Credit card processing
Acumatica
9.1
MIP Fund Accounting
2.3
Cost of goods sold
Acumatica
9.1
MIP Fund Accounting
2.5
Order Orchestration
Acumatica
9.8
MIP Fund Accounting
End-to-end order visibility
Acumatica
9.8
MIP Fund Accounting
Order exception Resolution
Acumatica
9.9
MIP Fund Accounting

Subledger and Financial Process

Acumatica
9.4
MIP Fund Accounting
Automated Invoice Processing
Acumatica
9.4
MIP Fund Accounting
Shared Services Payments
Acumatica
9.2
MIP Fund Accounting
Billings Management
Acumatica
9.6
MIP Fund Accounting
Customer Receipt Applications
Acumatica
9.5
MIP Fund Accounting
Customer Collections
Acumatica
9.1
MIP Fund Accounting
Revenue Recognition
Acumatica
9.7
MIP Fund Accounting
Cash Management
Acumatica
9.5
MIP Fund Accounting
Asset Management
Acumatica
9.2
MIP Fund Accounting
Travel & Expense Management
Acumatica
9.1
MIP Fund Accounting
Budgetary Control & Encumbrance Accounting
Acumatica
9.5
MIP Fund Accounting
Period Close
Acumatica
9.4
MIP Fund Accounting
Transactions Tax
Acumatica
9.6
MIP Fund Accounting
Subledger Reconciliations
Acumatica
9.4
MIP Fund Accounting
3rd Party Accounting Systems
Acumatica
9.9
MIP Fund Accounting

Project Financial Management

Acumatica
9.9
MIP Fund Accounting
Budgeting and Forecasting
Acumatica
9.3
MIP Fund Accounting
Project Costing
Acumatica
9.8
MIP Fund Accounting
Cost Capture
Acumatica
9.8
MIP Fund Accounting
Capital Project Management
Acumatica
9.9
MIP Fund Accounting
Customer Invoicing
Acumatica
9.9
MIP Fund Accounting
Customer Contract Compliance
Acumatica
9.9
MIP Fund Accounting
Project Revenue Recognition
Acumatica
9.8
MIP Fund Accounting
Project Financial Performance Analysis
Acumatica
9.9
MIP Fund Accounting
Project Financials Dashboard
Acumatica
10.0
MIP Fund Accounting
Real-time Financial Reporting
Acumatica
10.0
MIP Fund Accounting
Embedded Business Intelligence
Acumatica
9.9
MIP Fund Accounting
Project Planning Collaboration
Acumatica
9.9
MIP Fund Accounting

Project Execution Management

Acumatica
8.0
MIP Fund Accounting
Project Planning and Scheduling
Acumatica
8.0
MIP Fund Accounting
Project Manager Dashboard
Acumatica
8.0
MIP Fund Accounting
Resource Manager Dashboard
Acumatica
8.0
MIP Fund Accounting
Task Insight for Project Managers
Acumatica
8.0
MIP Fund Accounting
Team Member Task Collaboration
Acumatica
7.0
MIP Fund Accounting
Talent Profiles
Acumatica
9.0
MIP Fund Accounting
Real-Time Project Reporting
Acumatica
8.0
MIP Fund Accounting

Grants Management

Acumatica
7.8
MIP Fund Accounting
Award Lifecycle Management
Acumatica
7.0
MIP Fund Accounting
Spending Control
Acumatica
8.0
MIP Fund Accounting
Indirect Cost Management
Acumatica
8.0
MIP Fund Accounting
Billing
Acumatica
8.0
MIP Fund Accounting

Procurement

Acumatica
7.7
MIP Fund Accounting
Sourcing Team Collaboration
Acumatica
6.3
MIP Fund Accounting
Sourcing Analysis
Acumatica
8.0
MIP Fund Accounting
Bids Analyzed and Compared
Acumatica
8.0
MIP Fund Accounting
Catalog Shopping E-Commerce for Employees
Acumatica
7.0
MIP Fund Accounting
Invoice Automated Matching
Acumatica
7.0
MIP Fund Accounting
Requisitions-to-Purchase Orders Integrated
Acumatica
9.0
MIP Fund Accounting
Supplier Assessment
Acumatica
8.0
MIP Fund Accounting
Supplier Management
Acumatica
9.0
MIP Fund Accounting
Supplier Portal
Acumatica
7.0
MIP Fund Accounting

Logistics

Acumatica
9.4
MIP Fund Accounting
Transportation Planning and Optimization
Acumatica
9.9
MIP Fund Accounting
Transportation Sourcing Management
Acumatica
9.9
MIP Fund Accounting
Transportation Process Integration
Acumatica
10.0
MIP Fund Accounting
Transportation Execution Management
Acumatica
10.0
MIP Fund Accounting
Trade Management
Acumatica
8.0
MIP Fund Accounting
Customs Entry Management
Acumatica
10.0
MIP Fund Accounting
Customs Document Management
Acumatica
10.0
MIP Fund Accounting
Customs Document Collaboration
Acumatica
10.0
MIP Fund Accounting
Fulfillment Management
Acumatica
8.0
MIP Fund Accounting
Inventory Visibility
Acumatica
8.0
MIP Fund Accounting
Warehouse Workforce Management
Acumatica
10.0
MIP Fund Accounting

Manufacturing

Acumatica
9.7
MIP Fund Accounting
Production Process Design
Acumatica
9.9
MIP Fund Accounting
Supply Chain Business Flows
Acumatica
9.8
MIP Fund Accounting
Production Management
Acumatica
9.7
MIP Fund Accounting
Contracted Manufacturing Management
Acumatica
9.9
MIP Fund Accounting
Configuration Management
Acumatica
9.8
MIP Fund Accounting
Work Definition
Acumatica
9.6
MIP Fund Accounting
Work Execution
Acumatica
9.6
MIP Fund Accounting
Advanced Fulfillment
Acumatica
9.5
MIP Fund Accounting
Manufacturing Costs
Acumatica
9.3
MIP Fund Accounting

Supply Chain

Acumatica
9.8
MIP Fund Accounting
Forecasting
Acumatica
9.6
MIP Fund Accounting
Inventory Planning
Acumatica
9.6
MIP Fund Accounting
Multi-tier Supply Chain Planning
Acumatica
9.9
MIP Fund Accounting
Performance Monitoring
Acumatica
10.0
MIP Fund Accounting

Product Lifecycle Management

Acumatica
9.0
MIP Fund Accounting
Ideation Management
Acumatica
10.0
MIP Fund Accounting
Requirements Management
Acumatica
10.0
MIP Fund Accounting
Proposal Management
Acumatica
9.9
MIP Fund Accounting
Product Master Data Management
Acumatica
9.0
MIP Fund Accounting
Vendor Portal
Acumatica
7.0
MIP Fund Accounting
Project Portfolio Management
Acumatica
8.0
MIP Fund Accounting

Pros

Acumatica

  • Expense reporting - enabled by a smartphone, you can image receipts and create claims quickly
  • Chart of accounts - being able to drill down in an expense category to see the individual claims that make up the total is helpful
  • Reporting - I appreciate the ability to pull a standard report and export to Excel quickly and easily
Anonymous | TrustRadius Reviewer

MIP Fund Accounting

  • Grant level accounting. We manage well over 50 active grants at any given time. This system allows us to track revenue and expenditures at a grant level which enables our staff to accurately and effectively manage, monitor and report to funders.
  • Allocations module. The allocation module functions enable us to set various allocation methods to capture overhead costs and allocate to cost centers and grants efficiently and effectively.
  • Fixed Asset module. The fixed asset module allows us to integrate asset tracking and depreciation schedules that are easy to use and integrated for efficiency.
Bryan Martin | TrustRadius Reviewer

Cons

Acumatica

  • Email integration: Horribly clunky, requires users to share email password with Acumatica to allow use of outbound emails. Should be using a more secure method like access tokens.
  • Expense approval process: Once expense claims are approved, approvers (depending on role) can no longer see the approved/denied claims. Denial of claims requires a manual email/call to submitter instructing them to correct and resubmit the claim.
  • CRM: Allow for tracking of cases by the opportunity in addition to business accounts. This would allow for more accurate tracking of issues related to specific opportunities.
Anonymous | TrustRadius Reviewer

MIP Fund Accounting

  • I've sat on several trainings and I feel that they are basic and broad. More real-life and in-depth examples for people that have been using the software would be great. I think the trainings are more geared to those that are just beginning to use MIP Fund Accounting.
  • I would like to see MIP Fund Accounting create a bank feed function to be used to aid the bank reconciliations.
  • For EWS, I think it would be beneficial for employees to still be able to track their hours worked in each grant per day; instead of having to break those hours up in a Cost Center on time entry for each day. This gets very daunting for some folks that have 5 or 6 splits, to record that each day. We've set these people up with a Cost Center using a distribution code; but it would still be beneficial for an auditor to see an employee document their hours worked per grant each day.
Sarah Gruver | TrustRadius Reviewer

Likelihood to Renew

Acumatica

Acumatica 9.0
Based on 1 answer
It is very customisable and good value for money. It is also scalable for the future. The CRM and ecommerce integtration are the main downsides.
Justin Leflaive | TrustRadius Reviewer

MIP Fund Accounting

MIP Fund Accounting 9.7
Based on 49 answers
Honestly - if we had the resources to move - we would do it in a heartbeat. We have wasted so much money on this program. I am so disappointed in this product. I am so glad that I did not install it here. I just want basic functionality - and this program does not deliver.
Anonymous | TrustRadius Reviewer

Usability

Acumatica

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 7.8
Based on 89 answers
While it does require training, and I would suggest it be on site if possible or at their corporate training offices, most users adapt to it quickly. Most parts of the program have very similar layout and functionalities and ability to have tasks/reports pre-configured.
Bob Simpson | TrustRadius Reviewer

Reliability and Availability

Acumatica

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

Acumatica

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

Acumatica

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.0
Based on 121 answers
We recently switched from the server version to the cloud version, and the first project manager did not answer any of my questions, and she was very unfriendly as well. I had a tremendous feeling of dread that we had made the wrong choice. A second project manager showed up, and she was exceptional! In fact we are still working with her and she's just amazing! PM #1 gets a 2, PM #2 gets a 10, so splitting the difference puts me at a 6.
Anonymous | TrustRadius Reviewer

In-Person Training

Acumatica

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

Acumatica

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 4.0
Based on 4 answers
Denise O'Malley provided training for the HR module when we added it to our system. Denise also gave us a demo of the EWS module which we were able to see that it would not meet our needs. She was very kind about and understanding regarding the functions we needed with a time clock system.
Anonymous | TrustRadius Reviewer

Implementation Rating

Acumatica

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 4.0
Based on 42 answers
Again, I was not directly involved with the planning and setup of the software. However, I was involved in training my staff during the implementation phase. As with any software implementation, consistency of training is key and a willingness to seek out help from Customer Support helps tremendously to insure accuracy of information and training.
Jeffrey Chapman | TrustRadius Reviewer

Alternatives Considered

Acumatica

Acumatica trumps over QuickBooks Enterprise Solutions in many ways. First, Acumatica being in the cloud has given us agility in accessing the platform anywhere and anytime. Second, the dashboard creation feature of Acumatica has given us the ability to customize each dashboard of each of our employees. Lastly, the CRM solution of Acumatica enables us to track, manage, and monitor our sales team.
Parker Ong | TrustRadius Reviewer

MIP Fund Accounting

I used Great Plains at a former job. It was also designed for non-profits. The payroll function/feature was much easier to maneuver than MIP Fund Accounting. The AP feature was comparable to that of MIP Fund Accounting and functioned somewhat the same. Which is nice. I do not know about the reports feature, as my reports processing was limited due to the job I had. Same with the budgeting features and A/R. We are a non-profit organization that wished to utilize a system designed specifically for this type of organization.
Cori May | TrustRadius Reviewer

Scalability

Acumatica

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

Acumatica

  • Acumatica has saved us so much time, previously having multiple disparate systems for handling our many processes. Now we have one fully integrated system saving us time and money.
Nicole Ronchetti | TrustRadius Reviewer

MIP Fund Accounting

  • It has fit our needs exactly.
  • It is all I've ever used at this organization. We briefly tried another setup in order to integrate with other systems and we quickly abandoned it to move back to MIP Fund Accounting (formerly Abila MIP).
  • It has been a big time saver at payroll time and tax time.
Anonymous | TrustRadius Reviewer

Screenshots

Pricing Details

Acumatica

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

Acumatica
9.1
MIP Fund Accounting
8.2

Likelihood to Renew

Acumatica
9.0
MIP Fund Accounting
9.7

Usability

Acumatica
MIP Fund Accounting
7.8

Reliability and Availability

Acumatica
MIP Fund Accounting
10.0

Performance

Acumatica
MIP Fund Accounting
10.0

Support Rating

Acumatica
MIP Fund Accounting
8.0

In-Person Training

Acumatica
MIP Fund Accounting
8.0

Online Training

Acumatica
MIP Fund Accounting
4.0

Implementation Rating

Acumatica
MIP Fund Accounting
4.0

Scalability

Acumatica
MIP Fund Accounting
9.0

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