What users are saying about
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Top Rated
619 Ratings
95 Ratings
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Score 8.7 out of 100

MIP Fund Accounting

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Top Rated
619 Ratings
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Score 7.9 out of 100

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 | 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

Financial Edge NXT
5.2
MIP Fund Accounting
7.5
Pay calculation
Financial Edge NXT
5.0
MIP Fund Accounting
8.5
Direct deposit files
Financial Edge NXT
5.2
MIP Fund Accounting
8.7
Salary revision and increment management
Financial Edge NXT
4.3
MIP Fund Accounting
7.3
Reimbursement management
Financial Edge NXT
6.2
MIP Fund Accounting
6.7
Benefit plan administration
Financial Edge NXT
MIP Fund Accounting
6.4

Customization

Financial Edge NXT
7.1
MIP Fund Accounting
7.6
API for custom integration
Financial Edge NXT
8.0
MIP Fund Accounting
7.3
Plug-ins
Financial Edge NXT
6.3
MIP Fund Accounting
7.9

Security

Financial Edge NXT
6.7
MIP Fund Accounting
9.0
Single sign-on capability
Financial Edge NXT
7.6
MIP Fund Accounting
8.9
Role-based user permissions
Financial Edge NXT
5.9
MIP Fund Accounting
9.1

Reporting & Analytics

Financial Edge NXT
6.9
MIP Fund Accounting
7.9
Dashboards
Financial Edge NXT
6.7
MIP Fund Accounting
7.4
Standard reports
Financial Edge NXT
7.0
MIP Fund Accounting
8.2
Custom reports
Financial Edge NXT
7.0
MIP Fund Accounting
8.1

General Ledger and Configurable Accounting

Financial Edge NXT
7.2
MIP Fund Accounting
8.1
Accounts payable
Financial Edge NXT
7.7
MIP Fund Accounting
8.5
Accounts receivable
Financial Edge NXT
6.9
MIP Fund Accounting
8.3
Cash management
Financial Edge NXT
7.4
MIP Fund Accounting
8.0
Bank reconciliation
Financial Edge NXT
7.1
MIP Fund Accounting
8.5
Expense management
Financial Edge NXT
7.1
MIP Fund Accounting
8.5
Time tracking
Financial Edge NXT
6.4
MIP Fund Accounting
6.8
Fixed asset management
Financial Edge NXT
7.5
MIP Fund Accounting
7.8
Multi-currency support
Financial Edge NXT
7.9
MIP Fund Accounting
7.9
Multi-division support
Financial Edge NXT
6.8
MIP Fund Accounting
8.8
Regulations compliance
Financial Edge NXT
7.7
MIP Fund Accounting
8.7
Electronic tax filing
Financial Edge NXT
5.5
MIP Fund Accounting
8.4
Self-service portal
Financial Edge NXT
8.4
MIP Fund Accounting
7.7
Standardized Processes
Financial Edge NXT
MIP Fund Accounting
7.2

Order Management

Financial Edge NXT
4.0
MIP Fund Accounting
4.7
Pricing
Financial Edge NXT
6.4
MIP Fund Accounting
6.4
Credit card processing
Financial Edge NXT
4.3
MIP Fund Accounting
2.5
Cost of goods sold
Financial Edge NXT
1.4
MIP Fund Accounting
2.7
Order entry
Financial Edge NXT
MIP Fund Accounting
7.3

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

  • Data entry is much easier with NXT especially for accounts payable
  • Reporting is fantastic with the ability to drill down in the reports to the detail and to export reports in more consistent formats (PDF, Excel)
  • Bank reconciliation is a breeze with the cash management capabilities
Pamela Wittmayer | TrustRadius Reviewer

MIP Fund Accounting

  • The interface and operations of Abila 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

Financial Edge NXT

  • The dashboards need to be imported onto company website for board review
  • The financial reports generated within the program should be as appealing (not so canned) to the ones we have to format in excel
  • Implementation costs could be a lot less
Anonymous | 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

Financial Edge NXT

Financial Edge NXT 7.8
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 | TrustRadius Reviewer

MIP Fund Accounting

MIP Fund Accounting 9.2
Based on 45 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

Financial Edge NXT

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

MIP Fund Accounting

MIP Fund Accounting 8.2
Based on 39 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

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
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

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
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

Financial Edge NXT

Financial Edge NXT 8.2
Based on 2 answers
I would prefer that we have full customer support for FE NXT but there was an additional charge for the ability to call support which we felt was not cost effective. When we have used chat and online support the response has been good and issues resolved in a timely manner.
Kathy Carroll | TrustRadius Reviewer

MIP Fund Accounting

MIP Fund Accounting 8.3
Based on 37 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

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 | TrustRadius Reviewer

Online Training

Financial Edge NXT

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 4.5
Based on 4 answers
Personalized training provided for our organization
karen hoffman | TrustRadius Reviewer

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 | TrustRadius Reviewer

MIP Fund Accounting

MIP Fund Accounting 5.7
Based on 22 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

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 | 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

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 | TrustRadius Reviewer

Return on Investment

Financial Edge NXT

  • Positive impact on our desire to 'modernize' (i.e. getting a system that looks and feels more contemporary than our previous accounting systems).
  • Generally positive impact in our ability to streamline or simplify some of our accounting processes that took longer in our previous accounting system.
  • Negative cost impact in that we pay much more for NXT than our old system. In retrospect it may not have been worth it to pay for 'NXT', and we might have just gone with the database view, as that is perfectly suitable. But admittedly I am not sure about the pricing difference.
Anonymous | TrustRadius Reviewer

MIP Fund Accounting

  • Abila has streamlined and allowed more tasks to be automated maximizing the efficiency of staff so more staff is not needed.
  • The Maintenance and Support annual fee is a bit expensive and not a very good return especially for the amount of features that are updated from year to year. I don't use support a lot since our systems are pretty efficient so hence I don't think the annual M&S is justifiable.
  • Abila's importing feature allows integration to many different systems which makes Abila very flexible allowing costs to be saved if the owner of the Abila system switches between vendors.
Donavan Lam, CPA | TrustRadius Reviewer

Screenshots

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

Rating Summary

Likelihood to Recommend

Financial Edge NXT
7.3
MIP Fund Accounting
7.9

Likelihood to Renew

Financial Edge NXT
7.8
MIP Fund Accounting
9.2

Usability

Financial Edge NXT
5.5
MIP Fund Accounting
8.2

Reliability and Availability

Financial Edge NXT
MIP Fund Accounting
9.0

Performance

Financial Edge NXT
MIP Fund Accounting
10.0

Support

Financial Edge NXT
8.2
MIP Fund Accounting
8.3

In-Person Training

Financial Edge NXT
MIP Fund Accounting
8.0

Online Training

Financial Edge NXT
MIP Fund Accounting
4.5

Implementation

Financial Edge NXT
6.4
MIP Fund Accounting
5.7

Scalability

Financial Edge NXT
MIP Fund Accounting
9.0

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