What users are saying about
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Top Rated
618 Ratings
90 Ratings
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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

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 profile photo

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
8.8
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
6.8
MIP Fund Accounting
8.4
API for custom integration
Financial Edge NXT
8.0
MIP Fund Accounting
8.3
Plug-ins
Financial Edge NXT
5.7
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
8.6
Role-based user permissions
Financial Edge NXT
6.5
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
6.4
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
7.2
MIP Fund Accounting
7.8
Multi-currency support
Financial Edge NXT
7.9
MIP Fund Accounting
7.6
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
7.9
Self-service portal
Financial Edge NXT
8.2
MIP Fund Accounting
7.3
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
5.4
MIP Fund Accounting
2.5
Cost of goods sold
Financial Edge NXT
1.6
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

  • Tracks budget amounts and availability very smoothly and the reports are easy to read and utilize.
  • The encumbrance tracking is excellent and makes staying on budget much easier.
  • The general ledgers are easy to access and read.
  • Information by funding source is easy to track and access.
  • Like the 1099 coding functions.
Eris Tanner profile photo

Cons

Financial Edge NXT

  • I would like to see the price reduced. I work for a medium-sized non-profit and if the price keeps rising, I worry we will no longer be able to use FE. It is an incredible system to use, but if the price keeps rising, it will be difficult for small to medium-sized organizations to justify the cost.
  • I would like to see error messages that contain more information. When our accountant runs the process to post gifts from Raiser's Edge, she typically is not able to easily understand the reason for the gift exceptions. It then requires me doing research in RE to find out what the error may have been from.
Brandon Mand profile photo

MIP Fund Accounting

  • Payroll module is too complex and requires too much duplication of information input. This is the most confusing system I have ever utilized. It needs to be streamlined and duplications removed. Some information has to be entered in 2-3 locations, much too time consuming and easy to overlook.
  • The payroll tax reporting is very much outdated-have worked with much cheaper software that did a much better job of processing tax returns and W-2/W-3's.
  • While we like the accounting, we would certainly like to switch the payroll system for something better.
  • Drill-down ability on the GL would be nice.
Eris Tanner 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
MIP does the job we expect
Frances LeClair 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 great and easy to use once you have had some training, some are more complex than others, but overall it is a great product.
Tracie Lambright 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
Yes, it works very well about 95% of the time. I don't notice any slow down with any programs it integrates with.
Christine Frenzel 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
I had to call support for an issue I was having to reverse a batch that was posted by mistake. The support lady was really helpful in guiding me to the correct steps in resolving my issue. I felt very confident in knowing I can call them to resolve my issues
Luis Godoy 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 5.7
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
I do not know about the implementation of the software as I was not employed by the agency at that time
Janet Resendiz profile photo

Alternatives Considered

Financial Edge NXT

Totally different. SAP is much better, but we don't need anything so powerful for our industry
No photo available

MIP Fund Accounting

I have used QuickBooks Premier for Non-Profits in a previous job, but not at my current position. They have used MIP for several years prior to me coming on board. QuickBooks was much easier to learn, but I don't feel it has as much functionality as MIP does with the use of multiple federal and state managements and reporting
Tracie Lambright 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
I have had some issues with the software suddenly closing with no reason given.
Christine Frenzel 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
Additional Pricing Details

MIP Fund Accounting

General

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

Add comparison