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Top Rated
219 Ratings
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Top Rated
618 Ratings

Adaptive Insights, a Workday company

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Top Rated
219 Ratings
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Score 8.5 out of 101

MIP Fund Accounting

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Top Rated
618 Ratings
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Score 8.1 out of 101

Likelihood to Recommend

Adaptive Insights, a Workday company

It is very helpful for budgeting and reporting. I love how easy it is to automate reports and presentations. It can be more difficult to plan specific activities. It feels more high-level than activity-level. It shows totals rather than individual transactions (either past or future transactions).
Mark McConkie profile photo

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 profile photo

Feature Rating Comparison

BI Standard Reporting

Adaptive Insights, a Workday company
9.3
MIP Fund Accounting
Pixel Perfect reports
Adaptive Insights, a Workday company
9.0
MIP Fund Accounting
Customizable dashboards
Adaptive Insights, a Workday company
10.0
MIP Fund Accounting
Report Formatting Templates
Adaptive Insights, a Workday company
9.0
MIP Fund Accounting

Ad-hoc Reporting

Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Drill-down analysis
Adaptive Insights, a Workday company
9.0
MIP Fund Accounting
Formatting capabilities
Adaptive Insights, a Workday company
7.0
MIP Fund Accounting
Integration with R or other statistical packages
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Report sharing and collaboration
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting

Report Output and Scheduling

Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Publish to PDF
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Report Versioning
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Report Delivery Scheduling
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting

Data Discovery and Visualization

Adaptive Insights, a Workday company
7.7
MIP Fund Accounting
Pre-built visualization formats (heatmaps, scatter plots etc.)
Adaptive Insights, a Workday company
7.0
MIP Fund Accounting
Location Analytics / Geographic Visualization
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Predictive Analytics
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting

Access Control and Security

Adaptive Insights, a Workday company
9.0
MIP Fund Accounting
Multi-User Support (named login)
Adaptive Insights, a Workday company
9.0
MIP Fund Accounting
Role-Based Security Model
Adaptive Insights, a Workday company
9.0
MIP Fund Accounting
Multiple Access Permission Levels (Create, Read, Delete)
Adaptive Insights, a Workday company
9.0
MIP Fund Accounting

Mobile Capabilities

Adaptive Insights, a Workday company
8.5
MIP Fund Accounting
Responsive Design for Web Access
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Dedicated iOS Application
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Dedicated Android Application
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Dashboard / Report / Visualization Interactivity on Mobile
Adaptive Insights, a Workday company
10.0
MIP Fund Accounting

Budgeting, Planning, and Forecasting

Adaptive Insights, a Workday company
8.3
MIP Fund Accounting
Long-term financial planning
Adaptive Insights, a Workday company
8.4
MIP Fund Accounting
Financial budgeting
Adaptive Insights, a Workday company
8.7
MIP Fund Accounting
Forecasting
Adaptive Insights, a Workday company
8.9
MIP Fund Accounting
Scenario modeling
Adaptive Insights, a Workday company
7.0
MIP Fund Accounting
Management reporting
Adaptive Insights, a Workday company
8.3
MIP Fund Accounting

Consolidation and Close

Adaptive Insights, a Workday company
7.5
MIP Fund Accounting
Financial data consolidation
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Journal entries and reports
Adaptive Insights, a Workday company
5.8
MIP Fund Accounting
Multi-currency management
Adaptive Insights, a Workday company
7.2
MIP Fund Accounting
Intercompany Eliminations
Adaptive Insights, a Workday company
7.6
MIP Fund Accounting
Minority Ownership
Adaptive Insights, a Workday company
7.1
MIP Fund Accounting
Local and consolidated reporting
Adaptive Insights, a Workday company
8.1
MIP Fund Accounting
Detailed Audit Trails
Adaptive Insights, a Workday company
8.5
MIP Fund Accounting

FInancial Reporting and Compliance

Adaptive Insights, a Workday company
7.7
MIP Fund Accounting
Financial Statement Reporting
Adaptive Insights, a Workday company
8.9
MIP Fund Accounting
Management Reporting
Adaptive Insights, a Workday company
8.4
MIP Fund Accounting
Excel-based Reporting
Adaptive Insights, a Workday company
7.2
MIP Fund Accounting
Automated board and financial reporting
Adaptive Insights, a Workday company
7.6
MIP Fund Accounting
XBRL support for regulatory filing
Adaptive Insights, a Workday company
6.6
MIP Fund Accounting

Analytics

Adaptive Insights, a Workday company
7.2
MIP Fund Accounting
Personalized dashboards
Adaptive Insights, a Workday company
7.4
MIP Fund Accounting
Color-coded scorecards
Adaptive Insights, a Workday company
6.4
MIP Fund Accounting
KPIs
Adaptive Insights, a Workday company
7.3
MIP Fund Accounting
Cost and profitability analysis
Adaptive Insights, a Workday company
8.2
MIP Fund Accounting
Key Performance Indicator setting
Adaptive Insights, a Workday company
8.0
MIP Fund Accounting
Benchmarking with external data
Adaptive Insights, a Workday company
6.0
MIP Fund Accounting

Integration

Adaptive Insights, a Workday company
8.1
MIP Fund Accounting
Flat file integration
Adaptive Insights, a Workday company
7.9
MIP Fund Accounting
Excel data integration
Adaptive Insights, a Workday company
8.2
MIP Fund Accounting
Direct links to 3rd-party data sources
Adaptive Insights, a Workday company
8.2
MIP Fund Accounting

Payroll Management

Adaptive Insights, a Workday company
MIP Fund Accounting
7.5
Pay calculation
Adaptive Insights, a Workday company
MIP Fund Accounting
8.8
Benefit plan administration
Adaptive Insights, a Workday company
MIP Fund Accounting
6.6
Direct deposit files
Adaptive Insights, a Workday company
MIP Fund Accounting
8.5
Salary revision and increment management
Adaptive Insights, a Workday company
MIP Fund Accounting
7.0
Reimbursement management
Adaptive Insights, a Workday company
MIP Fund Accounting
6.4

Customization

Adaptive Insights, a Workday company
MIP Fund Accounting
8.4
API for custom integration
Adaptive Insights, a Workday company
MIP Fund Accounting
8.3
Plug-ins
Adaptive Insights, a Workday company
MIP Fund Accounting
8.6

Security

Adaptive Insights, a Workday company
MIP Fund Accounting
8.7
Single sign-on capability
Adaptive Insights, a Workday company
MIP Fund Accounting
8.6
Role-based user permissions
Adaptive Insights, a Workday company
MIP Fund Accounting
8.8

Reporting & Analytics

Adaptive Insights, a Workday company
MIP Fund Accounting
7.6
Dashboards
Adaptive Insights, a Workday company
MIP Fund Accounting
7.0
Standard reports
Adaptive Insights, a Workday company
MIP Fund Accounting
8.0
Custom reports
Adaptive Insights, a Workday company
MIP Fund Accounting
7.9

General Ledger and Configurable Accounting

Adaptive Insights, a Workday company
MIP Fund Accounting
8.0
Accounts payable
Adaptive Insights, a Workday company
MIP Fund Accounting
8.4
Accounts receivable
Adaptive Insights, a Workday company
MIP Fund Accounting
8.2
Cash management
Adaptive Insights, a Workday company
MIP Fund Accounting
8.1
Bank reconciliation
Adaptive Insights, a Workday company
MIP Fund Accounting
8.5
Expense management
Adaptive Insights, a Workday company
MIP Fund Accounting
8.4
Time tracking
Adaptive Insights, a Workday company
MIP Fund Accounting
6.9
Fixed asset management
Adaptive Insights, a Workday company
MIP Fund Accounting
7.8
Multi-currency support
Adaptive Insights, a Workday company
MIP Fund Accounting
7.6
Multi-division support
Adaptive Insights, a Workday company
MIP Fund Accounting
8.6
Regulations compliance
Adaptive Insights, a Workday company
MIP Fund Accounting
8.3
Electronic tax filing
Adaptive Insights, a Workday company
MIP Fund Accounting
7.9
Self-service portal
Adaptive Insights, a Workday company
MIP Fund Accounting
7.3
Standardized Processes
Adaptive Insights, a Workday company
MIP Fund Accounting
7.3

Inventory Management

Adaptive Insights, a Workday company
MIP Fund Accounting
4.2
Inventory tracking
Adaptive Insights, a Workday company
MIP Fund Accounting
7.3
Automatic reordering
Adaptive Insights, a Workday company
MIP Fund Accounting
1.0
Location management
Adaptive Insights, a Workday company
MIP Fund Accounting
7.7
Manufacturing module
Adaptive Insights, a Workday company
MIP Fund Accounting
1.0

Order Management

Adaptive Insights, a Workday company
MIP Fund Accounting
4.7
Pricing
Adaptive Insights, a Workday company
MIP Fund Accounting
6.5
Order entry
Adaptive Insights, a Workday company
MIP Fund Accounting
7.2
Credit card processing
Adaptive Insights, a Workday company
MIP Fund Accounting
2.5
Cost of goods sold
Adaptive Insights, a Workday company
MIP Fund Accounting
2.7

Pros

Adaptive Insights, a Workday company

  • Allows assumptions to be created for fringes, taxes, capital etc. We are now able to push these type of expenses to individual departments as opposed to a single department. Gives us true costs for each department.
  • The flexibility in revising and creating new sheets allows our organization to modify our budget/forecast approach without much downtime. Also, we can make these modifications internally . No need to hire consultants to complete these tasks.
  • Adaptive Insights is an easy to use/understand tool for end-users. Our users typically struggle with new systems but the Adaptive roll-out was very smooth with very little end-user angst.
Gary Grzesiak profile photo

MIP Fund Accounting

  • Departmental financial reporting
  • Historical reporting
  • Cross fiscal year reporting
  • Transaction detail
Robert Bowsza profile photo

Cons

Adaptive Insights, a Workday company

  • The format of reports when downloaded to Excel or PowerPoint could use improvement.
  • Would be nice if you could inactivate GL accounts when they are no longer being used.
  • Suppress rows functionality when set by the administrator to default to suppress if not data doesn't always seem to work.
Gary Grzesiak profile photo

MIP Fund Accounting

  • The Fixed Assets module is somewhat difficult to use with respect to disposals
  • In A/R posted transactions there is no dollar amount posted
  • When requesting posted transactions, all items appear, not just the one being requested
  • A/P vendor history displays in date order by clicking the tab at the top of the column. However, a printed version does not come out in date order
  • We have had problems matching the A/R aging report to the General Ledger
  • The drill-down feature should be expanded to areas other than financial statements
Robert Bowsza profile photo

Likelihood to Renew

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.8
Based on 33 answers
We have renewed this a number of times. It fits our business model and it is now an integral part of our organization.
Harry Vasels profile photo

MIP Fund Accounting

MIP Fund Accounting 9.2
Based on 45 answers
We are not in the market for a new solution as this product works well for us and renewal is affordable.
Christine Ulshoffer profile photo

Usability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.3
Based on 77 answers
Menus are easy to navigate, sheets are straightforward and flexible and you can work on your budget/forecasts without being at the office. The cloud based system makes it easy for users to complete their processes offsite and without needing there work provided computer. Creating new reports using both the web based Adaptive tool and OfficeConnect is quite simple with very minimal training.
Gary Grzesiak profile photo

MIP Fund Accounting

MIP Fund Accounting 8.3
Based on 39 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

Reliability and Availability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 9 answers
We have not experienced issues when we are accessing the system.
Gary Sabulski profile photo

MIP Fund Accounting

MIP Fund Accounting 9.0
Based on 6 answers
I refer back to the previous questions. It has suddenly quit on me.
Christine Frenzel profile photo

Performance

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 4 answers
Product performs well when making and saving changes and navigating between pages within the application
Andrew Rosenberg profile photo

MIP Fund Accounting

MIP Fund Accounting 10.0
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

Support

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 7.6
Based on 12 answers
Their support infrastructure is world-class. Of course, they have a team that responds directly to issues/questions, but they also have an ecosystem of support (blogs, user forums) and training (in fact, they're training modules are some of the best I've seen).
Brad MacDonald profile photo

MIP Fund Accounting

MIP Fund Accounting 8.4
Based on 37 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

In-Person Training

Adaptive Insights, a Workday company

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.0
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

Online Training

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.2
Based on 6 answers
Training receives the highest rating due to the availability of Webex training from an expert at Adaptive, with several sessions tailored to specific features including personnel, capital, formulas, reporting, etc
Andrew Rosenberg profile photo

MIP Fund Accounting

MIP Fund Accounting 5.7
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo

Implementation

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 8.5
Based on 14 answers
Our implementation was non eventful and we were very satisfied with the overall experience.
Gary Sabulski profile photo

MIP Fund Accounting

MIP Fund Accounting 6.1
Based on 22 answers
I would not implement without the help of a reseller.
Nikki Patterson profile photo

Alternatives Considered

Adaptive Insights, a Workday company

My decision came down to Adaptive vs Host Analytics. Host made the claim that because their sheets were just like excel, you wouldn't need to learn any new commands. Rather, I thought that was a downside. I didn't want another glorified version of excel, I was looking for something different, something new. Adaptive had that. They were also far more willing to work with a nonprofit and become a partner, rather than just a vendor.
Daniel Killpack profile photo

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 profile photo

Scalability

Adaptive Insights, a Workday company

Adaptive Insights, a Workday company 9.1
Based on 7 answers
Adaptive is the leader and is very progressive with the product improvements that they provide.
Gary Sabulski profile photo

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 profile photo

Return on Investment

Adaptive Insights, a Workday company

  • The most positive impact has been on time. While it took some time to get things set up correctly, once we did, we were able to report results very quickly.
  • The budgeting process has gone much more quickly.
  • What-if scenarios are a little trickier. There are multiple ways you can do it. We have chosen to use assumptions for percentages and then copy the original version to a "what-if" version and change the assumption it is pointing to. However, this is a bit clunky.
  • Month-end reporting is getting faster and faster the more we automate through Adaptive.
Amy Kee, CPA profile photo

MIP Fund Accounting

  • Abila MIP Fund Accounting has enabled us to implement departmental budgeting and reporting. This has improved the accountability of department managers.
  • The software has enabled us to generate historical reports using GL detail. This has improved our ability to recognize trends in our business.
  • The software has enabled us to generate cross fiscal year reports. This has created opportunities to apply for a greater variety of grants.
Robert Bowsza profile photo

Pricing Details

Adaptive Insights, a Workday company

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional
1.  per seat, per installation
Additional Pricing Details

MIP Fund Accounting

General

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

Add comparison