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Top Rated
771 Ratings
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Score 8.4 out of 100

MIP Fund Accounting

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Top Rated
771 Ratings
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Score 8.4 out of 100

Feature Set Ratings

    Payroll Management

    10.0

    Acumatica

    100%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 5/5 features

    Pay calculation

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Benefit plan administration

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Direct deposit files

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Salary revision and increment management

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Reimbursement management

    9.9
    99%
    3 Ratings
    N/A
    0 Ratings

    Customization

    9.9

    Acumatica

    99%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 2/2 features

    API for custom integration

    9.9
    99%
    6 Ratings
    N/A
    0 Ratings

    Plug-ins

    9.9
    99%
    5 Ratings
    N/A
    0 Ratings

    Security

    9.8

    Acumatica

    98%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 2/2 features

    Single sign-on capability

    9.9
    99%
    6 Ratings
    N/A
    0 Ratings

    Role-based user permissions

    9.7
    97%
    10 Ratings
    N/A
    0 Ratings

    Reporting & Analytics

    9.3

    Acumatica

    93%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 3/3 features

    Dashboards

    9.3
    93%
    6 Ratings
    N/A
    0 Ratings

    Standard reports

    9.0
    90%
    8 Ratings
    N/A
    0 Ratings

    Custom reports

    9.5
    95%
    7 Ratings
    N/A
    0 Ratings

    General Ledger and Configurable Accounting

    9.5

    Acumatica

    95%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 11/11 features

    Accounts payable

    9.4
    94%
    9 Ratings
    N/A
    0 Ratings

    Accounts receivable

    9.3
    93%
    8 Ratings
    N/A
    0 Ratings

    Global Financial Support

    9.9
    99%
    4 Ratings
    N/A
    0 Ratings

    Primary and Secondary Ledgers

    9.4
    94%
    6 Ratings
    N/A
    0 Ratings

    Intercompany Accounting

    9.9
    99%
    6 Ratings
    N/A
    0 Ratings

    Localizations

    9.9
    99%
    5 Ratings
    N/A
    0 Ratings

    Journals and Reconciliations

    9.4
    94%
    8 Ratings
    N/A
    0 Ratings

    Enterprise Accounting

    9.2
    92%
    8 Ratings
    N/A
    0 Ratings

    Configurable Accounting

    9.2
    92%
    7 Ratings
    N/A
    0 Ratings

    Centralized Rules Framework

    9.5
    95%
    5 Ratings
    N/A
    0 Ratings

    Standardized Processes

    9.6
    96%
    9 Ratings
    N/A
    0 Ratings

    Inventory Management

    9.8

    Acumatica

    98%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 4/4 features

    Inventory tracking

    9.9
    99%
    7 Ratings
    N/A
    0 Ratings

    Automatic reordering

    9.7
    97%
    6 Ratings
    N/A
    0 Ratings

    Location management

    9.8
    98%
    7 Ratings
    N/A
    0 Ratings

    Manufacturing module

    9.9
    99%
    5 Ratings
    N/A
    0 Ratings

    Order Management

    9.6

    Acumatica

    96%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 7/7 features

    Pricing

    9.5
    95%
    6 Ratings
    N/A
    0 Ratings

    Order entry

    9.3
    93%
    6 Ratings
    N/A
    0 Ratings

    Credit card processing

    9.4
    94%
    3 Ratings
    N/A
    0 Ratings

    Cost of goods sold

    9.4
    94%
    7 Ratings
    N/A
    0 Ratings

    Order Orchestration

    9.9
    99%
    3 Ratings
    N/A
    0 Ratings

    End-to-end order visibility

    9.9
    99%
    4 Ratings
    N/A
    0 Ratings

    Order exception Resolution

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Subledger and Financial Process

    9.6

    Acumatica

    96%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 14/14 features

    Automated Invoice Processing

    9.6
    96%
    6 Ratings
    N/A
    0 Ratings

    Shared Services Payments

    9.4
    94%
    3 Ratings
    N/A
    0 Ratings

    Billings Management

    9.8
    98%
    5 Ratings
    N/A
    0 Ratings

    Customer Receipt Applications

    9.7
    97%
    4 Ratings
    N/A
    0 Ratings

    Customer Collections

    9.4
    94%
    4 Ratings
    N/A
    0 Ratings

    Revenue Recognition

    9.8
    98%
    5 Ratings
    N/A
    0 Ratings

    Cash Management

    9.7
    97%
    8 Ratings
    N/A
    0 Ratings

    Asset Management

    9.5
    95%
    4 Ratings
    N/A
    0 Ratings

    Travel & Expense Management

    9.3
    93%
    5 Ratings
    N/A
    0 Ratings

    Budgetary Control & Encumbrance Accounting

    9.6
    96%
    5 Ratings
    N/A
    0 Ratings

    Period Close

    9.6
    96%
    7 Ratings
    N/A
    0 Ratings

    Transactions Tax

    9.8
    98%
    6 Ratings
    N/A
    0 Ratings

    Subledger Reconciliations

    9.6
    96%
    4 Ratings
    N/A
    0 Ratings

    3rd Party Accounting Systems

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Project Financial Management

    9.9

    Acumatica

    99%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 12/12 features

    Budgeting and Forecasting

    9.6
    96%
    4 Ratings
    N/A
    0 Ratings

    Project Costing

    9.9
    99%
    3 Ratings
    N/A
    0 Ratings

    Cost Capture

    9.9
    99%
    3 Ratings
    N/A
    0 Ratings

    Capital Project Management

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Customer Invoicing

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Customer Contract Compliance

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Project Revenue Recognition

    9.9
    99%
    3 Ratings
    N/A
    0 Ratings

    Project Financial Performance Analysis

    9.9
    99%
    3 Ratings
    N/A
    0 Ratings

    Project Financials Dashboard

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Real-time Financial Reporting

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Embedded Business Intelligence

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Project Planning Collaboration

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Project Execution Management

    8.0

    Acumatica

    80%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 7/7 features

    Project Planning and Scheduling

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Project Manager Dashboard

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Resource Manager Dashboard

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Task Insight for Project Managers

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Team Member Task Collaboration

    7.0
    70%
    2 Ratings
    N/A
    0 Ratings

    Talent Profiles

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Real-Time Project Reporting

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Grants Management

    7.8

    Acumatica

    78%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 4/4 features

    Award Lifecycle Management

    7.0
    70%
    1 Rating
    N/A
    0 Ratings

    Spending Control

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Indirect Cost Management

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Billing

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Procurement

    7.7

    Acumatica

    77%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 9/9 features

    Sourcing Team Collaboration

    6.3
    63%
    2 Ratings
    N/A
    0 Ratings

    Sourcing Analysis

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Bids Analyzed and Compared

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Catalog Shopping E-Commerce for Employees

    7.0
    70%
    1 Rating
    N/A
    0 Ratings

    Invoice Automated Matching

    7.0
    70%
    1 Rating
    N/A
    0 Ratings

    Requisitions-to-Purchase Orders Integrated

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Supplier Assessment

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Supplier Management

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Supplier Portal

    7.0
    70%
    1 Rating
    N/A
    0 Ratings

    Logistics

    9.4

    Acumatica

    94%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 11/11 features

    Transportation Planning and Optimization

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Transportation Sourcing Management

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Transportation Process Integration

    10.0
    100%
    1 Rating
    N/A
    0 Ratings

    Transportation Execution Management

    10.0
    100%
    1 Rating
    N/A
    0 Ratings

    Trade Management

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Customs Entry Management

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Customs Document Management

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Customs Document Collaboration

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Fulfillment Management

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Inventory Visibility

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Warehouse Workforce Management

    10.0
    100%
    1 Rating
    N/A
    0 Ratings

    Manufacturing

    9.8

    Acumatica

    98%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 9/9 features

    Production Process Design

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Supply Chain Business Flows

    9.9
    99%
    4 Ratings
    N/A
    0 Ratings

    Production Management

    9.8
    98%
    3 Ratings
    N/A
    0 Ratings

    Contracted Manufacturing Management

    9.9
    99%
    3 Ratings
    N/A
    0 Ratings

    Configuration Management

    9.9
    99%
    4 Ratings
    N/A
    0 Ratings

    Work Definition

    9.8
    98%
    2 Ratings
    N/A
    0 Ratings

    Work Execution

    9.8
    98%
    2 Ratings
    N/A
    0 Ratings

    Advanced Fulfillment

    9.7
    97%
    2 Ratings
    N/A
    0 Ratings

    Manufacturing Costs

    9.6
    96%
    3 Ratings
    N/A
    0 Ratings

    Supply Chain

    9.9

    Acumatica

    99%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 4/4 features

    Forecasting

    9.8
    98%
    3 Ratings
    N/A
    0 Ratings

    Inventory Planning

    9.8
    98%
    3 Ratings
    N/A
    0 Ratings

    Multi-tier Supply Chain Planning

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Performance Monitoring

    10.0
    100%
    1 Rating
    N/A
    0 Ratings

    Product Lifecycle Management

    9.0

    Acumatica

    90%

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    Acumatica ranks higher in 6/6 features

    Ideation Management

    10.0
    100%
    1 Rating
    N/A
    0 Ratings

    Requirements Management

    10.0
    100%
    1 Rating
    N/A
    0 Ratings

    Proposal Management

    10.0
    100%
    2 Ratings
    N/A
    0 Ratings

    Product Master Data Management

    9.0
    90%
    1 Rating
    N/A
    0 Ratings

    Vendor Portal

    7.0
    70%
    1 Rating
    N/A
    0 Ratings

    Project Portfolio Management

    8.0
    80%
    1 Rating
    N/A
    0 Ratings

    Attribute Ratings

    • Acumatica is rated higher in 1 area: Support Rating
    • MIP Fund Accounting is rated higher in 3 areas: Likelihood to Recommend, Likelihood to Renew, Usability

    Likelihood to Recommend

    8.1

    Acumatica

    81%
    11 Ratings
    8.4

    MIP Fund Accounting

    84%
    401 Ratings

    Likelihood to Renew

    9.0

    Acumatica

    90%
    1 Rating
    9.1

    MIP Fund Accounting

    91%
    89 Ratings

    Usability

    8.0

    Acumatica

    80%
    1 Rating
    8.2

    MIP Fund Accounting

    82%
    93 Ratings

    Availability

    Acumatica

    N/A
    0 Ratings
    9.1

    MIP Fund Accounting

    91%
    13 Ratings

    Performance

    Acumatica

    N/A
    0 Ratings
    8.2

    MIP Fund Accounting

    82%
    52 Ratings

    Support Rating

    10.0

    Acumatica

    100%
    1 Rating
    8.2

    MIP Fund Accounting

    82%
    125 Ratings

    In-Person Training

    Acumatica

    N/A
    0 Ratings
    10.0

    MIP Fund Accounting

    100%
    7 Ratings

    Online Training

    Acumatica

    N/A
    0 Ratings
    9.5

    MIP Fund Accounting

    95%
    5 Ratings

    Implementation Rating

    Acumatica

    N/A
    0 Ratings
    9.5

    MIP Fund Accounting

    95%
    44 Ratings

    Configurability

    Acumatica

    N/A
    0 Ratings
    9.9

    MIP Fund Accounting

    99%
    5 Ratings

    Ease of integration

    Acumatica

    N/A
    0 Ratings
    9.3

    MIP Fund Accounting

    93%
    6 Ratings

    Product Scalability

    Acumatica

    N/A
    0 Ratings
    10.0

    MIP Fund Accounting

    100%
    8 Ratings

    Vendor post-sale

    Acumatica

    N/A
    0 Ratings
    7.0

    MIP Fund Accounting

    70%
    8 Ratings

    Vendor pre-sale

    Acumatica

    N/A
    0 Ratings
    6.8

    MIP Fund Accounting

    68%
    8 Ratings

    Likelihood to Recommend

    Acumatica

    Acumatica is great for mid to large size organizations that need a fully integrated solution and many modules. The software is very robust and they are always adding more features and functionality to the product. So as your business grows the product does too. It's not like other ERP solutions that I've worked with that rarely improve.
    Read full review

    Community Brands

    If you want to use grant reporting and departmental reporting, this product works very well. It works well with basic accounting tasks and reports other than aging. It has a good amount of internal integrity, i.e. you cannot have a difference between your AR sub ledger and the AR general ledger account. This is a great product if you are well skilled in using Excel to convert text to data, create pivot tables and manipulate report presentations. With the cloud version, you have access to a "classic" view that mirrors the former product and a new "online" version which is sometimes easier to use and more visually accessible in some screens.
    Read full review

    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
    Read full review

    Community Brands

    • Tech support and knowledge base. When I encounter an issue I can research the knowledge base to see if anyone else has had the same problem, and learn how to navigate. If I need further help, the support center is ready and available.
    • I like the product enhancements; they will listen to customer feedback and make changes where we, the users, see fit.
    • I like the shortcut buttons when you are in reporting; you can easily export to excel and PDF, print report details, etc...
    • I like the options that reporting gives; you can truly create a custom report to extract exactly what you want to see or don't want to see.
    Read full review

    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.
    Read full review

    Community Brands

    • Very difficult to use - not intuitive at all; I feel like you really need the training to understand the product.
    • Very little automation; everything has to be manually entered which allows the opportunity for more errors and also requires a lot of double and triple-checking entries.
    • Cumbersome and tedious to use; for example, a journal entry that could be done in two lines on other programs, in my experience, takes at least 6 in this program, sometimes more. When you have to do this repeatedly it takes significantly longer to do everything in this program than it should.
    • Constant issues with reporting; reports are often missing funds or are incorrect and I have to call customer support for help. Most of these issues cannot be resolved immediately and a ticket has to be created to solve them.
    • In my opinion, even simple things don't work properly. We recently found out that when exporting results into Excel, if you select to remove headers and footers with the export, the program also removes some of the data. No telling how long this has been an issue, so now we have a data integrity problem with all of our exports. MIP Fund Accounting says it will fix in the next update so this likely affects other users as well.
    • Because the product is so time-consuming and cumbersome, it creates efficiency issues; everything takes longer than it should to complete, so we have to hire additional staff, especially at peak times.
    Read full review

    Pricing Details

    Acumatica

    Starting Price

    Editions & Modules

    Acumatica editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Pricing is always consumption-based with no five-year lock-ins or termination penalties. We believe that everyone in your company needs up-to-date and accurate information to make the best decisions. That’s why we created an Acumatica ERP pricing structure that lets you add casual users, suppliers, and customers without paying for additional licenses. Your cost is based on the features and resources that you choose to utilize, not on the number of users who access the system. Get pricing tailored to your usage: An Acumatica partner will work with you to understand your specific requirements, determine the proper resources and modules for your company, and present you with an accurate price for your license. We provide you with the ability to deploy where you need, switch when you need, and never incur a fee for doing so.

      MIP Fund Accounting

      Starting Price

      $249 per month

      Editions & Modules

      MIP Fund Accounting editions and modules pricing
      EditionModules

      Footnotes

        Offerings

        Free Trial
        Free/Freemium Version
        Premium Consulting/Integration Services

        Entry-level set up fee?

        No setup fee

        Additional Details

        Request Pricing Info

        Likelihood to Renew

        Acumatica

        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.
        Read full review

        Community Brands

        We have been using MIP for over 25 years. In the '90s, we used the MS-Dos version and subsequently changed to the Windows version in the 2000s. Our organization is still relatively small in terms of staffing and even transaction volume; however, over the years, the number of projects has increased and is projected to increase drastically in the next year or two. With the increase in projects along with the ability of MIP to cater easily to large organizations, it makes perfect sense for us to renew when that time comes.
        Read full review

        Usability

        Acumatica

        1- Its interface [is] easy to understand. 2- [The] help center is very supportive.
        Read full review

        Community Brands

        I don't know what it would be like in the for-profit arena, but for the non-profit arena, it is an excellent product. I love how you don't actually have to close years and are able to get information that spans over the year-end. And the grant tracking is excellent too. It is just an excellent accounting system.
        Read full review

        Reliability and Availability

        Acumatica

        No answers on this topic

        Community Brands

        Mostly its available when I need it. I do get kicked out of the cloud while entering data at times. But I do not lose data and can often just open up the classic version to continue doing what I was doing. Only rarely is there no availability and when that happens, its a very short amount of time.
        Read full review

        Performance

        Acumatica

        No answers on this topic

        Community Brands

        I think the reporting options are one of the best I've seen within all accounting programs I've ever used. The ease of writing new reports makes this a wonderful program. With very little experience anyone can design the specific reports to fit the needs of their organization
        Read full review

        Support Rating

        Acumatica

        They support their customers with more tools like 1- Help center in every screen 2- Acumatica University [has] PDF books and videos 3- Contact with Acumatica team support through live chat, call, or create case
        Read full review

        Community Brands

        I have not reached out to MIP for technical support; however, their website offers great help resources so I can solve an issue on my own. Another team member reached out to MIP for support and was helped quickly. The transition process took longer than expected due to a lag in communication.
        Read full review

        In-Person Training

        Acumatica

        No answers on this topic

        Community Brands

        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.
        Read full review

        Online Training

        Acumatica

        No answers on this topic

        Community Brands

        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.
        Read full review

        Implementation Rating

        Acumatica

        No answers on this topic

        Community Brands

        Don't waste your time with MIP. There are plenty of other softwares out there that will do the job better. Do your homework. Get references from actual users. Make sure that what you choose will truly integrate. Make sure that there is local support. Get training. You will be glad that you passed this one by. Trust me.
        Read full review

        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.
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        Community Brands

        We have not researched or entertained other products during my tenure here at the organization. We have been pleased with what the product provides but would expect to reevaluate systems in the next five years to ensure MIP continues to be the best option for our rapidly changing organization and industry.
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        Scalability

        Acumatica

        No answers on this topic

        Community Brands

        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.
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        Return on Investment

        Acumatica

        • Acumatica provides us with real-time reports on our entire business process by connecting our sales, delivery of services/product, and up to collection. Given this, we couldn't quantify the value of seeing a clearer picture of our business, thus we are able to make timely and accurate decisions.
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        Community Brands

        • The Accounting and HR teams have been able to eliminate double entry, and therefore free up a lot of time.
        • With the budgeting module, we have been able to obtain a firm grasp on our grants and utilize those funds in the best way possible.
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