What users are saying about
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Top Rated
720 Ratings
1 Rating
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Score 8 out of 100

MIP Fund Accounting

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Top Rated
720 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

Clearwater Analytics

If your company has multiple investment accounts Clearwater is a great choice to consolidate month end reporting.
Matt Watford | 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

Clearwater Analytics
MIP Fund Accounting
7.4
Pay calculation
Clearwater Analytics
MIP Fund Accounting
8.2
Benefit plan administration
Clearwater Analytics
MIP Fund Accounting
6.6
Direct deposit files
Clearwater Analytics
MIP Fund Accounting
8.7
Salary revision and increment management
Clearwater Analytics
MIP Fund Accounting
6.6
Reimbursement management
Clearwater Analytics
MIP Fund Accounting
6.9

Customization

Clearwater Analytics
MIP Fund Accounting
7.7
API for custom integration
Clearwater Analytics
MIP Fund Accounting
7.9
Plug-ins
Clearwater Analytics
MIP Fund Accounting
7.5

Security

Clearwater Analytics
MIP Fund Accounting
8.4
Single sign-on capability
Clearwater Analytics
MIP Fund Accounting
8.5
Role-based user permissions
Clearwater Analytics
MIP Fund Accounting
8.3

Reporting & Analytics

Clearwater Analytics
MIP Fund Accounting
8.0
Dashboards
Clearwater Analytics
MIP Fund Accounting
7.4
Standard reports
Clearwater Analytics
MIP Fund Accounting
8.4
Custom reports
Clearwater Analytics
MIP Fund Accounting
8.1

General Ledger and Configurable Accounting

Clearwater Analytics
MIP Fund Accounting
8.2
Accounts payable
Clearwater Analytics
MIP Fund Accounting
8.7
Accounts receivable
Clearwater Analytics
MIP Fund Accounting
8.2
Cash management
Clearwater Analytics
MIP Fund Accounting
7.8
Bank reconciliation
Clearwater Analytics
MIP Fund Accounting
8.3
Expense management
Clearwater Analytics
MIP Fund Accounting
8.5
Time tracking
Clearwater Analytics
MIP Fund Accounting
7.3
Fixed asset management
Clearwater Analytics
MIP Fund Accounting
8.0
Multi-currency support
Clearwater Analytics
MIP Fund Accounting
8.4
Multi-division support
Clearwater Analytics
MIP Fund Accounting
8.9
Regulations compliance
Clearwater Analytics
MIP Fund Accounting
8.4
Electronic tax filing
Clearwater Analytics
MIP Fund Accounting
8.4
Self-service portal
Clearwater Analytics
MIP Fund Accounting
7.4
Journals and Reconciliations
Clearwater Analytics
MIP Fund Accounting
8.1
Enterprise Accounting
Clearwater Analytics
MIP Fund Accounting
7.9
Configurable Accounting
Clearwater Analytics
MIP Fund Accounting
8.5
Standardized Processes
Clearwater Analytics
MIP Fund Accounting
8.1

Inventory Management

Clearwater Analytics
MIP Fund Accounting
4.5
Inventory tracking
Clearwater Analytics
MIP Fund Accounting
8.0
Automatic reordering
Clearwater Analytics
MIP Fund Accounting
1.0
Location management
Clearwater Analytics
MIP Fund Accounting
8.2
Manufacturing module
Clearwater Analytics
MIP Fund Accounting
1.0

Order Management

Clearwater Analytics
MIP Fund Accounting
4.6
Pricing
Clearwater Analytics
MIP Fund Accounting
6.2
Order entry
Clearwater Analytics
MIP Fund Accounting
7.4
Credit card processing
Clearwater Analytics
MIP Fund Accounting
2.3
Cost of goods sold
Clearwater Analytics
MIP Fund Accounting
2.5

Pros

Clearwater Analytics

No answers on this topic

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

Clearwater Analytics

No answers on this topic

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

Clearwater Analytics

No score
No answers yet
No answers on this topic

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

Clearwater Analytics

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

Clearwater Analytics

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

Clearwater Analytics

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

Clearwater Analytics

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

Clearwater Analytics

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

Clearwater Analytics

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

Clearwater Analytics

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 3.9
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

Clearwater Analytics

No answers on this topic

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

Clearwater Analytics

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

Clearwater Analytics

No answers on this topic

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

Clearwater Analytics

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

Clearwater Analytics
8.0
MIP Fund Accounting
8.2

Likelihood to Renew

Clearwater Analytics
MIP Fund Accounting
9.7

Usability

Clearwater Analytics
MIP Fund Accounting
7.8

Reliability and Availability

Clearwater Analytics
MIP Fund Accounting
10.0

Performance

Clearwater Analytics
MIP Fund Accounting
10.0

Support Rating

Clearwater Analytics
MIP Fund Accounting
8.0

In-Person Training

Clearwater Analytics
MIP Fund Accounting
8.0

Online Training

Clearwater Analytics
MIP Fund Accounting
4.0

Implementation Rating

Clearwater Analytics
MIP Fund Accounting
3.9

Scalability

Clearwater Analytics
MIP Fund Accounting
9.0

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