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22 Ratings
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Score 7.8 out of 101

MIP Fund Accounting

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Top Rated
619 Ratings
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Score 8 out of 101

Likelihood to Recommend

Financial Edge

Financial edge is great for tracking revenue and expenses for specific donor-designated gifts. It is easy to create projects for each designation that allows for tracking and reporting. I would like to see some expansion in reporting based on projects. We currently have built custom reports for reporting to our end-users and donors on project balances.
Stephanie Ulmer 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
8.1
MIP Fund Accounting
7.4
Pay calculation
Financial Edge
9.0
MIP Fund Accounting
8.7
Benefit plan administration
Financial Edge
7.0
MIP Fund Accounting
6.4
Direct deposit files
Financial Edge
8.0
MIP Fund Accounting
8.5
Salary revision and increment management
Financial Edge
7.5
MIP Fund Accounting
7.1
Reimbursement management
Financial Edge
9.0
MIP Fund Accounting
6.3

Customization

Financial Edge
8.0
MIP Fund Accounting
8.5
API for custom integration
Financial Edge
9.0
MIP Fund Accounting
8.4
Plug-ins
Financial Edge
7.0
MIP Fund Accounting
8.6

Security

Financial Edge
8.6
MIP Fund Accounting
8.8
Single sign-on capability
Financial Edge
8.2
MIP Fund Accounting
8.7
Role-based user permissions
Financial Edge
9.1
MIP Fund Accounting
8.9

Reporting & Analytics

Financial Edge
8.3
MIP Fund Accounting
7.7
Dashboards
Financial Edge
8.2
MIP Fund Accounting
7.1
Standard reports
Financial Edge
8.0
MIP Fund Accounting
8.0
Custom reports
Financial Edge
8.7
MIP Fund Accounting
7.9

General Ledger and Configurable Accounting

Financial Edge
7.5
MIP Fund Accounting
8.0
Accounts payable
Financial Edge
8.5
MIP Fund Accounting
8.4
Accounts receivable
Financial Edge
7.7
MIP Fund Accounting
8.2
Cash management
Financial Edge
7.7
MIP Fund Accounting
8.2
Bank reconciliation
Financial Edge
7.9
MIP Fund Accounting
8.5
Expense management
Financial Edge
7.5
MIP Fund Accounting
8.5
Time tracking
Financial Edge
5.6
MIP Fund Accounting
6.9
Fixed asset management
Financial Edge
7.9
MIP Fund Accounting
7.8
Multi-currency support
Financial Edge
7.6
MIP Fund Accounting
7.8
Multi-division support
Financial Edge
8.0
MIP Fund Accounting
8.6
Regulations compliance
Financial Edge
7.6
MIP Fund Accounting
8.4
Electronic tax filing
Financial Edge
7.0
MIP Fund Accounting
8.1
Self-service portal
Financial Edge
6.4
MIP Fund Accounting
7.8
Global Financial Support
Financial Edge
7.1
MIP Fund Accounting
Primary and Secondary Ledgers
Financial Edge
7.4
MIP Fund Accounting
Intercompany Accounting
Financial Edge
7.7
MIP Fund Accounting
Localizations
Financial Edge
8.0
MIP Fund Accounting
Journals and Reconciliations
Financial Edge
8.1
MIP Fund Accounting
Enterprise Accounting
Financial Edge
7.6
MIP Fund Accounting
Configurable Accounting
Financial Edge
7.0
MIP Fund Accounting
Centralized Rules Framework
Financial Edge
7.6
MIP Fund Accounting
Standardized Processes
Financial Edge
7.6
MIP Fund Accounting
7.4

Inventory Management

Financial Edge
8.0
MIP Fund Accounting
4.2
Location management
Financial Edge
8.0
MIP Fund Accounting
7.7
Inventory tracking
Financial Edge
MIP Fund Accounting
7.3
Automatic reordering
Financial Edge
MIP Fund Accounting
1.0
Manufacturing module
Financial Edge
MIP Fund Accounting
1.0

Order Management

Financial Edge
8.0
MIP Fund Accounting
4.7
Pricing
Financial Edge
8.0
MIP Fund Accounting
6.4
Order entry
Financial Edge
8.0
MIP Fund Accounting
7.2
Credit card processing
Financial Edge
8.0
MIP Fund Accounting
2.5
Cost of goods sold
Financial Edge
8.0
MIP Fund Accounting
2.7
Order Orchestration
Financial Edge
8.0
MIP Fund Accounting
End-to-end order visibility
Financial Edge
8.0
MIP Fund Accounting
Order exception Resolution
Financial Edge
8.0
MIP Fund Accounting

Pros

Financial Edge

  • Grant Management - nothing is more harrowing than grant reporting, and FE does it best. It allows for layered budgets and limitless division of expenses among grants, overhead, or other projects/programs.
  • Reporting - Most financial software tries to adapt for-profit accounting into a non-profit mode without addressing the unique needs of a nonprofit for reporting and auditing.
  • Multiple projects and/or cost centers within a budget and system - nothing is more challenging than trying to manage expenses over several cost centers and FE is a champ at allowing that complexity.
Wendy Johnson profile photo

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 profile photo

Cons

Financial Edge

  • In the list view of Journal Entries, it would be great if we could see the post date in addition to the date added.
  • Fixed Asset module is not set up for some unique scenarios (removing a previously "acquired asset" that was not necessarily disposed of, but place in FA in error).
  • Reporting within the FE application is not so great, so F-9 saves the day with respect to reporting.
Sunny Reed profile photo

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 profile photo

Likelihood to Renew

Financial Edge

No score
No answers yet
No answers on this topic

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 profile photo

Usability

Financial Edge

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.3
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 profile photo

Reliability and Availability

Financial Edge

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 profile photo

Performance

Financial Edge

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 profile photo

Support

Financial Edge

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 8.4
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 profile photo

In-Person Training

Financial Edge

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

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 5.0
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo

Implementation

Financial Edge

No score
No answers yet
No answers on this topic

MIP Fund Accounting

MIP Fund Accounting 5.9
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 profile photo

Alternatives Considered

Financial Edge

I have used EMPS system, which also works the same as Financial Edge. Financial is easier for A/P entry and A/R entry. However, it isn't very user-friendly when trying to look up batches or check-runs previously made. EMPS system works better when looking for check-runs.
No photo available

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 profile photo

Scalability

Financial Edge

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

  • That is difficult to answer, as the organization has used Financial Edge for a very long time. I would say the ability to add a project ID to any transaction in the GL makes it much easier to report on all revenue and expenses belonging to a single project, without having to create project-specific accounts.
Petra Hall profile photo

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 profile photo

Screenshots

Pricing Details

Financial Edge

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
Entry-level set up fee?
No

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