What users are saying about
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Top Rated
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Score 8.6 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

Financial Edge NXT

I think FENXT is well suited for medium to large sized organizations who are willing to make an investment in their systems. I do not feel this would be worthwhile for small organizations or ones who do not prioritize their database systems.
Brandon Mand profile photo

MIP Fund Accounting

Abila MIP Fund Accounting is well suited for nonprofits that need to do financial reporting by cost center. It is also well suited for financial reporting that crosses fiscal years (such as foundation grants).The basic Abila Fund Accounting package does not appear well suited for electronic bill payment. The Budget module does not offer the flexibility of an Excel-based budgeting and projection system.
Robert Bowsza profile photo

Feature Rating Comparison

Payroll Management

Financial Edge NXT
5.2
MIP Fund Accounting
7.4
Pay calculation
Financial Edge NXT
5.0
MIP Fund Accounting
8.8
Direct deposit files
Financial Edge NXT
5.2
MIP Fund Accounting
8.5
Salary revision and increment management
Financial Edge NXT
4.3
MIP Fund Accounting
7.0
Reimbursement management
Financial Edge NXT
6.2
MIP Fund Accounting
6.4
Benefit plan administration
Financial Edge NXT
MIP Fund Accounting
6.6

Customization

Financial Edge NXT
6.9
MIP Fund Accounting
8.5
API for custom integration
Financial Edge NXT
8.0
MIP Fund Accounting
8.4
Plug-ins
Financial Edge NXT
5.8
MIP Fund Accounting
8.6

Security

Financial Edge NXT
6.9
MIP Fund Accounting
8.7
Single sign-on capability
Financial Edge NXT
7.3
MIP Fund Accounting
8.7
Role-based user permissions
Financial Edge NXT
6.4
MIP Fund Accounting
8.8

Reporting & Analytics

Financial Edge NXT
6.8
MIP Fund Accounting
7.6
Dashboards
Financial Edge NXT
6.8
MIP Fund Accounting
7.0
Standard reports
Financial Edge NXT
6.8
MIP Fund Accounting
8.0
Custom reports
Financial Edge NXT
6.8
MIP Fund Accounting
7.9

General Ledger and Configurable Accounting

Financial Edge NXT
7.1
MIP Fund Accounting
8.0
Accounts payable
Financial Edge NXT
7.3
MIP Fund Accounting
8.4
Accounts receivable
Financial Edge NXT
6.5
MIP Fund Accounting
8.2
Cash management
Financial Edge NXT
7.1
MIP Fund Accounting
8.1
Bank reconciliation
Financial Edge NXT
7.0
MIP Fund Accounting
8.5
Expense management
Financial Edge NXT
7.3
MIP Fund Accounting
8.4
Time tracking
Financial Edge NXT
6.4
MIP Fund Accounting
6.9
Fixed asset management
Financial Edge NXT
7.3
MIP Fund Accounting
7.8
Multi-currency support
Financial Edge NXT
7.9
MIP Fund Accounting
7.7
Multi-division support
Financial Edge NXT
6.8
MIP Fund Accounting
8.6
Regulations compliance
Financial Edge NXT
7.7
MIP Fund Accounting
8.3
Electronic tax filing
Financial Edge NXT
5.6
MIP Fund Accounting
8.0
Self-service portal
Financial Edge NXT
8.3
MIP Fund Accounting
7.5
Standardized Processes
Financial Edge NXT
MIP Fund Accounting
7.3

Order Management

Financial Edge NXT
4.3
MIP Fund Accounting
4.7
Pricing
Financial Edge NXT
6.0
MIP Fund Accounting
6.5
Credit card processing
Financial Edge NXT
5.2
MIP Fund Accounting
2.5
Cost of goods sold
Financial Edge NXT
1.5
MIP Fund Accounting
2.7
Order entry
Financial Edge NXT
MIP Fund Accounting
7.2

Inventory Management

Financial Edge NXT
MIP Fund Accounting
4.2
Inventory tracking
Financial Edge NXT
MIP Fund Accounting
7.3
Automatic reordering
Financial Edge NXT
MIP Fund Accounting
1.0
Location management
Financial Edge NXT
MIP Fund Accounting
7.7
Manufacturing module
Financial Edge NXT
MIP Fund Accounting
1.0

Pros

Financial Edge NXT

  • I love how well FE interacts with Raiser's Edge. This makes it much easier for our organization to stay current and increases our level of trust in the information we are seeing in both systems.
  • The reporting features in FE make it easy to pull accurate information in a timely manner.
Brandon Mand profile photo

MIP Fund Accounting

  • Abila's functionality for our office includes fund accounting, grants managements, payroll, human resources, and timekeeping.
  • It allows us to report on multiple cost centers for multiple organizations and programs across all grants on the federal and state level.
  • The imbedded reports writer provides extensive reports and you can customize them anyway you want them or your board wants them.
Tracie Lambright profile photo

Cons

Financial Edge NXT

  • Right now budgeting functions are only available for look ups, not for budget creation or editing
Pamela Wittmayer profile photo

MIP Fund Accounting

  • The Budget Worksheet isn't the simplest to use and understand how the outcome will reflect. It took me some trial and error, and writing my own in-house procedures to feel comfortable with the budget worksheets.
  • There are so many modules that Abila offers that it can be frustrating to learn that in order to obtain a certain feature you have to purchase another module, which may come with way more than you need or want. For example, with the Payroll Module you can select Direct Deposit for an employee but without the Direct Deposit module I can't access the feature to email the pay stub vouchers to those employees with Direct Deposit.
  • There are so many reports available that it can be hard to remember where the report you need is located. Some reports don't include Unposted Transactions and some don't allow the same level of customization.
Kayla Klinger profile photo

Likelihood to Renew

Financial Edge NXT

Financial Edge NXT 7.9
Based on 3 answers
There aren't too many non-profit specific financial/accounting software solutions available. Even so, Financial Edge NXT meets the needs of our staff and allows us to operate efficiently.
Gregory Seay, CMA, CPA profile photo

MIP Fund Accounting

MIP Fund Accounting 9.2
Based on 45 answers
Since our system has been in place for almost ten years, we occasionally talk about doing a new implementation. We do not talk about moving to a different product. Abila has many options for support, including cloud support, that we can evaluate. The overall satisfaction between HR, Payroll and Accounting is high. We have taken advantage of training and have developed a good level of expertise and the program upgrade features do not require reworking our processes. We have not found the product to impede any of our process improvements and find new ways to utilize the features as time goes on.
Maryann Freepartner profile photo

Usability

Financial Edge NXT

Financial Edge NXT 5.5
Based on 1 answer
Still needs development to match the old client server version
Michael Downs profile photo

MIP Fund Accounting

MIP Fund Accounting 8.3
Based on 39 answers
It is a great software to use but it can still improve in some areas. Like if they could add spelling check function. Most software this day has spelling check as a standard function. Maybe if they could also expand the filters available when running custom reports would be very helpful
Luis Godoy profile photo

Reliability and Availability

Financial Edge NXT

No score
No answers yet
No answers on this topic

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

Financial Edge NXT

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 6 answers
We have had problems with MIP's ability to integrate with other software or systems. Just makes for a longer shopping time when searching for products we need to integrate with MIP
Frances LeClair profile photo

Support

Financial Edge NXT

Financial Edge NXT 8.2
Based on 2 answers
Quick, responsive. Keep us in the loop on where the case stands. Chat feature.
Michael Downs profile photo

MIP Fund Accounting

MIP Fund Accounting 8.4
Based on 37 answers
When we have needed support, support staff has always been knowledgeable and very helpful. We always receive a timely response.
Bob Jones profile photo

In-Person Training

Financial Edge NXT

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 profile photo

Online Training

Financial Edge NXT

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 5.5
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo

Implementation

Financial Edge NXT

Financial Edge NXT 6.4
Based on 1 answer
From an IT perspective, read up on the user setup integrated with the DB View
Michael Downs profile photo

MIP Fund Accounting

MIP Fund Accounting 6.1
Based on 22 answers
There were no records available to indicate where accounts with balances needed reversing entries. This problem carried forward for several years until it was traced back to implementation and reversed.
Christine Frenzel profile photo

Alternatives Considered

Financial Edge NXT

I have used other products such as Banner at previous jobs. When I came to my current job, they already had Financial Edge in place. It was easy to learn and more user-friendly than Banner and other programs I had previously used. We converted to Financial Edge NXT shortly after I started working there. The advantages of Financial Edge NXT are a great benefit.
Tracy Spence profile photo

MIP Fund Accounting

MIP has had a long history with our organization. It was purchased over 15 years ago for this organization. At this time we are not even considering alternatives. I am very satisfied with the product with a few small caveats. As stated earlier, I have only worked for this agency for 3 years; therefore, I did not take part in the selection of the software.
Lauren Gallant profile photo

Scalability

Financial Edge NXT

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 profile photo

Return on Investment

Financial Edge NXT

  • We have not done a cost analysis but it makes our office more efficient. It has business rules that help us accomplish our internal control and security needs.
Mecia Neverdon profile photo

MIP Fund Accounting

  • Abila is generally user friendly and a reasonably priced package. From that standpoint it provides a good return on investment because it doesn't require significant additional investment (time or money) which would be diverting funds from core operational needs.
Joe Weist profile photo

Pricing Details

Financial Edge NXT

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Required

MIP Fund Accounting

General

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

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