What users are saying about
74 Ratings
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Top Rated
756 Ratings
74 Ratings
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Score 8 out of 100

MIP Fund Accounting

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

Attribute Ratings

  • Coupa is rated higher in 1 area: Likelihood to Recommend

Likelihood to Recommend

9.5

Coupa

95%
23 Ratings
8.3

MIP Fund Accounting

83%
393 Ratings

Likelihood to Renew

Coupa

N/A
0 Ratings
9.1

MIP Fund Accounting

91%
79 Ratings

Usability

Coupa

N/A
0 Ratings
7.9

MIP Fund Accounting

79%
91 Ratings

Availability

Coupa

N/A
0 Ratings
8.5

MIP Fund Accounting

85%
12 Ratings

Performance

Coupa

N/A
0 Ratings
8.0

MIP Fund Accounting

80%
42 Ratings

Support Rating

Coupa

N/A
0 Ratings
8.1

MIP Fund Accounting

81%
123 Ratings

In-Person Training

Coupa

N/A
0 Ratings
8.0

MIP Fund Accounting

80%
6 Ratings

Online Training

Coupa

N/A
0 Ratings
4.0

MIP Fund Accounting

40%
4 Ratings

Implementation Rating

Coupa

N/A
0 Ratings
7.6

MIP Fund Accounting

76%
43 Ratings

Product Scalability

Coupa

N/A
0 Ratings
10.0

MIP Fund Accounting

100%
7 Ratings

Likelihood to Recommend

Coupa

Our main goals were to drive value by focusing on adoption by all, increased visibility in spend, and compliance. Coupa is very easy to use and does not feel like an ERP. Our end users like the easy to use, intuitive interface. A side benefit that we have experienced is that we were able to get rid of a shadow system that our IT department was using to track spending. They are able to use Coupa to track committed and actual spend and reconcile it their budgets and forecasts.
JR Miller | TrustRadius Reviewer

MIP Fund Accounting

MIP Fund Accounting is well suited in the following ways: The ability to use the budgets module enables better planning, implementation, and monitoring of our various activities during the fiscal year. The Multicurrency module allows us to meet the requirements of our various donors who may request that reports be submitted to them in different currencies. In my opinion, MIP Fund Accounting may be less appropriate in the following ways: This software is most suitable for medium to large organizations with complex functions in order to utilize various modules adequately. There are a lot of small organizations that can utilize all or most of what this software offers. However, the cost can be a major factor when considering acquiring this software.
Anonymous | TrustRadius Reviewer

Pros

Coupa

  • Ease of use. No IT support is needed. As the procurement manager, I'm also the Coupa administrator. I have the ability to configure, correct, manipulate, etc., the system to our needs.
  • No on-going training. The system, both P2P and Sourcing are incredibly intuitive. Many SAAS modules change dramatically with each new version and require additional training. Coupa does a great job of putting updated, searchable documents on-line to augment any additional training employees may need.
  • Rock solid stability. Coupa is never down, they far exceed the SLAs we have in place with them. I've never had a catastrophic failure or outage with them.
  • SOX compliancy. Need I say more? My internal and external audit teams have given the tool more than a passing grade.
  • Thought leadership. The tool is constantly evolving to live up to the high expectations of its user base. The Coupa Community has skin-in-the-game and Coupa listens to our needs/wants as well as adding their own cutting edge touches to the tool.
Scott Coleman CPSM, CPSD, C.P.M | 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

Coupa

  • I would like to see an image of my uploaded documents. I see the success message but always have to check it after to make sure it is the right one. A preview of that image would help. One that I can click on and view.
Anonymous | TrustRadius Reviewer

MIP Fund Accounting

  • 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.
Anonymous | TrustRadius Reviewer

Pricing Details

Coupa

General

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

Starting Price

MIP Fund Accounting

General

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

Starting Price

$249 per month

Likelihood to Renew

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 9.1
Based on 79 answers
MIP can easily help us to adapt to our growing needs. We may move to the cloud in the future, although since the classic version is still available I expect we will keep renewing our use of MIP Fund Accounting. We are a small business and it still works for us.
Anonymous | TrustRadius Reviewer

Usability

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 7.9
Based on 91 answers
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.
Charmyne Goodfellow | TrustRadius Reviewer

Reliability and Availability

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.5
Based on 12 answers
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.
Joanne Jenkins | TrustRadius Reviewer

Performance

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.0
Based on 42 answers
The customizable and flexible reporting makes it very easy to report on multiple funds. I can easily provide either detailed or big-picture reports, depending on the needs of the user or grantor. There is a learning curve involved in setting up report templates, but once you understand how the system works, it is very easy to set up new reports as needed.
Kimberly Spencer | TrustRadius Reviewer

Support Rating

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.1
Based on 123 answers
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.
Anonymous | TrustRadius Reviewer

In-Person Training

Coupa

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

Coupa

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

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 7.6
Based on 43 answers
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.
Anonymous | TrustRadius Reviewer

Alternatives Considered

Coupa

Concur was a lot easier and more user friendly for employees doing expense reports on their phone. That is not the case with Coupa. You must use your laptop to do expenses and our managers don't always have enough time to do that while out in the field working. This has caused some issues.
Robyn Mankoski | 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

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 7 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

Coupa

  • It has allowed for proper processing of expenses tied directly to the proper LOB and GL Codes
  • Has taken the guesswork away and allowed for the proper budgets to be hit and reconciled
  • Ease of use has led to mass adoption and more prompt processing of expenses
Jess Pramov | TrustRadius Reviewer

MIP Fund Accounting

  • 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.
Sarah Gruver | TrustRadius Reviewer

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