What users are saying about
Top Rated
46 Ratings
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649 Ratings
Top Rated
46 Ratings
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Score 7.5 out of 100

MIP Fund Accounting

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

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

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 | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

Coupa
MIP Fund Accounting
7.9
Pay calculation
Coupa
MIP Fund Accounting
8.2
Benefit plan administration
Coupa
MIP Fund Accounting
7.2
Direct deposit files
Coupa
MIP Fund Accounting
8.9
Salary revision and increment management
Coupa
MIP Fund Accounting
7.7
Reimbursement management
Coupa
MIP Fund Accounting
7.2

Customization

Coupa
MIP Fund Accounting
7.1
API for custom integration
Coupa
MIP Fund Accounting
7.2
Plug-ins
Coupa
MIP Fund Accounting
7.0

Security

Coupa
MIP Fund Accounting
8.4
Single sign-on capability
Coupa
MIP Fund Accounting
8.6
Role-based user permissions
Coupa
MIP Fund Accounting
8.3

Reporting & Analytics

Coupa
MIP Fund Accounting
7.7
Dashboards
Coupa
MIP Fund Accounting
7.7
Standard reports
Coupa
MIP Fund Accounting
7.9
Custom reports
Coupa
MIP Fund Accounting
7.6

General Ledger and Configurable Accounting

Coupa
MIP Fund Accounting
7.9
Accounts payable
Coupa
MIP Fund Accounting
8.7
Accounts receivable
Coupa
MIP Fund Accounting
8.4
Cash management
Coupa
MIP Fund Accounting
7.8
Bank reconciliation
Coupa
MIP Fund Accounting
8.7
Expense management
Coupa
MIP Fund Accounting
8.5
Time tracking
Coupa
MIP Fund Accounting
7.7
Fixed asset management
Coupa
MIP Fund Accounting
8.2
Multi-currency support
Coupa
MIP Fund Accounting
8.0
Multi-division support
Coupa
MIP Fund Accounting
8.7
Regulations compliance
Coupa
MIP Fund Accounting
8.5
Electronic tax filing
Coupa
MIP Fund Accounting
8.8
Self-service portal
Coupa
MIP Fund Accounting
7.1
Journals and Reconciliations
Coupa
MIP Fund Accounting
7.0
Enterprise Accounting
Coupa
MIP Fund Accounting
6.1
Configurable Accounting
Coupa
MIP Fund Accounting
7.4
Standardized Processes
Coupa
MIP Fund Accounting
6.6

Inventory Management

Coupa
MIP Fund Accounting
4.2
Inventory tracking
Coupa
MIP Fund Accounting
7.3
Automatic reordering
Coupa
MIP Fund Accounting
1.0
Location management
Coupa
MIP Fund Accounting
7.7
Manufacturing module
Coupa
MIP Fund Accounting
1.0

Order Management

Coupa
MIP Fund Accounting
5.2
Pricing
Coupa
MIP Fund Accounting
7.4
Order entry
Coupa
MIP Fund Accounting
8.1
Credit card processing
Coupa
MIP Fund Accounting
2.5
Cost of goods sold
Coupa
MIP Fund Accounting
2.7

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

  • The interface and operations of MIP Fund are fairly easy to utilize and learn.
  • It offers some excellent tools for managing a non-profit operation.
  • The software makes it easy to streamline operations into one system without dealing with separate departments working with different systems.
Bruce Emmerling | TrustRadius Reviewer

Cons

Coupa

  • Implementation using a third-party consultant was a mistake. Maybe we had the wrong consultants assigned to us but make sure you understand who is doing the implementation. Implementation is costly but extremely important.
  • We often can have small issues with approval chains and they are hard to figure out. If there was more information on how to understand approval chains without reaching out to support, it would help.
Paul Wetterholm | TrustRadius Reviewer

MIP Fund Accounting

  • It would be nice to switch between databases without having to logout and login.
  • When entering codes (like for a journal entry) it doesn't auto-search/fill the account numbers...you have to hit the dropdown and scroll for the number.
  • You can't post cash receipts without first having an invoice, which can slow down your processing.
Eric Harvey | TrustRadius Reviewer

Likelihood to Renew

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 9.7
Based on 48 answers
We are so used to this software there is no chance of us starting with a new software and re-learning every step.we are content with the software at this moment and feel there is no need to look for a new accounting software
Luis Godoy | TrustRadius Reviewer

Usability

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.1
Based on 54 answers
If you are not an accountant, it would be very difficult to use. As an accountant there are aspects that are so specific that if you do not understand how they work and hand off to other parts of the software, you can really mess up your reporting.
Christine Frenzel | TrustRadius Reviewer

Reliability and Availability

Coupa

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

Coupa

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

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.2
Based on 82 answers
They consistently provide quality, knowledgeable service to my questions and concerns. The only reason I am not giving them a 10 is because recently the hold time on the telephone has been much longer than in the past. the quality of the customer service, once I speak to a representative continues to be of a high quality, but the delays are atypical of previous encounters.
Jeffrey Chapman | 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
Personalized training provided for our organization
karen hoffman | TrustRadius Reviewer

Implementation Rating

Coupa

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 4.6
Based on 37 answers
Having a detailed plan helps. Understanding what your data 'means' is important so it can be correctly mapped to the new solution. Having other staff in on the early training helped as well. We had a few questions that popped up that our implementer was able to address promptly which then prompted the controller to ask even more detailed questions. In the end, we ended up with a better product. Keep in mind, you won't remember to ask all of the relevant questions and you may run into 'challenges' after the fact
Al Hesse | 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

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 | TrustRadius Reviewer

Scalability

Coupa

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

Coupa

  • The easy internal process to find. Given this is the same for all teams, I'd guess there is a positive impact from our Finance Team as they only have one tool they have to manage, pull reporting from, etc.
  • Frustrating process, as mentioned at times this can be a frustrating tool to use, which I think causes a lot of employees (who are not on the Finance Team) to direct undue frustration towards the Finance Team, creating avoidable tensions.
Rachel Friedlander-Holm | TrustRadius Reviewer

MIP Fund Accounting

  • MIP has streamlined and allowed more tasks to be automated maximizing the efficiency of staff so more staff is not needed.
  • MIP importing feature allows integration to many different systems which makes MIP very flexible allowing costs to be saved if the owner of the MIP system switches between vendors.
Donavan Lam, CPA | TrustRadius Reviewer

Screenshots

Pricing Details

Coupa

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

Coupa
7.2
MIP Fund Accounting
8.3

Likelihood to Renew

Coupa
MIP Fund Accounting
9.7

Usability

Coupa
MIP Fund Accounting
8.1

Reliability and Availability

Coupa
MIP Fund Accounting
10.0

Performance

Coupa
MIP Fund Accounting
10.0

Support Rating

Coupa
MIP Fund Accounting
8.2

In-Person Training

Coupa
MIP Fund Accounting
8.0

Online Training

Coupa
MIP Fund Accounting
4.0

Implementation Rating

Coupa
MIP Fund Accounting
4.6

Scalability

Coupa
MIP Fund Accounting
9.0

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