Fiserv Prologue Financials vs. MIP Fund Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Prologue Financials
Score 2.8 out of 10
N/A
Prologue Financials from Fiserv, a fully integrated accounting solution, features enhanced, built-in automation and controls and a newly designed user interface, enabling users to increase the efficiency of financial accounting processes.N/A
MIP Fund Accounting
Score 8.7 out of 10
N/A
MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.N/A
Pricing
Fiserv Prologue FinancialsMIP Fund Accounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Prologue FinancialsMIP Fund Accounting
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Fiserv Prologue FinancialsMIP Fund Accounting
Top Pros
Top Cons
Features
Fiserv Prologue FinancialsMIP Fund Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
18% above category average
MIP Fund Accounting
-
Ratings
Pay calculation9.01 Ratings00 Ratings
Benefit plan administration9.01 Ratings00 Ratings
Direct deposit files9.01 Ratings00 Ratings
Salary revision and increment management9.01 Ratings00 Ratings
Reimbursement management9.01 Ratings00 Ratings
Customization
Comparison of Customization features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
24% above category average
MIP Fund Accounting
-
Ratings
API for custom integration9.01 Ratings00 Ratings
Plug-ins9.01 Ratings00 Ratings
Security
Comparison of Security features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
14% above category average
MIP Fund Accounting
-
Ratings
Single sign-on capability9.01 Ratings00 Ratings
Role-based user permissions9.01 Ratings00 Ratings
Reporting & Analytics
Comparison of Reporting & Analytics features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
17% above category average
MIP Fund Accounting
-
Ratings
Dashboards9.01 Ratings00 Ratings
Standard reports9.01 Ratings00 Ratings
Custom reports9.01 Ratings00 Ratings
General Ledger and Configurable Accounting
Comparison of General Ledger and Configurable Accounting features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
19% above category average
MIP Fund Accounting
-
Ratings
Accounts payable9.01 Ratings00 Ratings
Accounts receivable9.01 Ratings00 Ratings
Cash management9.01 Ratings00 Ratings
Bank reconciliation9.01 Ratings00 Ratings
Expense management9.01 Ratings00 Ratings
Time tracking9.01 Ratings00 Ratings
Fixed asset management9.01 Ratings00 Ratings
Multi-currency support9.01 Ratings00 Ratings
Multi-division support9.01 Ratings00 Ratings
Regulations compliance9.01 Ratings00 Ratings
Electronic tax filing9.01 Ratings00 Ratings
Self-service portal9.01 Ratings00 Ratings
Global Financial Support9.01 Ratings00 Ratings
Primary and Secondary Ledgers9.01 Ratings00 Ratings
Intercompany Accounting9.01 Ratings00 Ratings
Localizations9.01 Ratings00 Ratings
Journals and Reconciliations9.01 Ratings00 Ratings
Enterprise Accounting9.01 Ratings00 Ratings
Configurable Accounting9.01 Ratings00 Ratings
Centralized Rules Framework9.01 Ratings00 Ratings
Standardized Processes9.01 Ratings00 Ratings
Inventory Management
Comparison of Inventory Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
25% above category average
MIP Fund Accounting
-
Ratings
Inventory tracking9.01 Ratings00 Ratings
Automatic reordering9.01 Ratings00 Ratings
Location management9.01 Ratings00 Ratings
Manufacturing module9.01 Ratings00 Ratings
Order Management
Comparison of Order Management features of Product A and Product B
Fiserv Prologue Financials
9.0
1 Ratings
19% above category average
MIP Fund Accounting
-
Ratings
Pricing9.01 Ratings00 Ratings
Order entry9.01 Ratings00 Ratings
Credit card processing9.01 Ratings00 Ratings
Cost of goods sold9.01 Ratings00 Ratings
Order Orchestration9.01 Ratings00 Ratings
End-to-end order visibility9.01 Ratings00 Ratings
Order exception Resolution9.01 Ratings00 Ratings
Best Alternatives
Fiserv Prologue FinancialsMIP Fund Accounting
Small Businesses
Dext Prepare (with Receipt Bank)
Dext Prepare (with Receipt Bank)
Score 9.1 out of 10
QuickBooks Desktop Pro
QuickBooks Desktop Pro
Score 8.0 out of 10
Medium-sized Companies
Accounting Seed
Accounting Seed
Score 8.3 out of 10
Sage Intacct
Sage Intacct
Score 8.7 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.1 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
Fiserv Prologue FinancialsMIP Fund Accounting
Likelihood to Recommend
1.9
(2 ratings)
8.8
(430 ratings)
Likelihood to Renew
-
(0 ratings)
9.2
(126 ratings)
Usability
9.0
(1 ratings)
8.1
(100 ratings)
Availability
-
(0 ratings)
9.8
(15 ratings)
Performance
-
(0 ratings)
8.5
(86 ratings)
Support Rating
9.0
(1 ratings)
7.8
(99 ratings)
In-Person Training
-
(0 ratings)
10.0
(9 ratings)
Online Training
-
(0 ratings)
8.3
(7 ratings)
Implementation Rating
-
(0 ratings)
6.4
(28 ratings)
Configurability
-
(0 ratings)
8.6
(8 ratings)
Ease of integration
-
(0 ratings)
7.8
(13 ratings)
Product Scalability
-
(0 ratings)
8.7
(15 ratings)
Vendor post-sale
-
(0 ratings)
8.4
(13 ratings)
Vendor pre-sale
-
(0 ratings)
8.1
(13 ratings)
User Testimonials
Fiserv Prologue FinancialsMIP Fund Accounting
Likelihood to Recommend
Fiserv
Fiserv Prologue Financials will automate and help streamline your accounting processes and increases your data accuracy and create efficiencies that enables time and resources to be directed to strategic and profitable activities. Instant correction to errors and automatic journal entry reversal are very effective and excellent detailed audit trail allowing easy tracking and monitoring.
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Community Brands
I do like the check register, it is easy to access. It is also easy to access information for bank reconciliations but some entries are difficult and I have had ongoing issues with duplicated entries. Those situations coming at times when I am not really sure how I have duplicated an entry and they are somewhat intimidating. It is also somewhat difficult to delete or void erroneous entries or those that need to be otherwise corrected. I do understand that it is accounting software, but feel again that it could be a little bit more user friendly, at least from a fairly "new" user's standpoint!
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Pros
Fiserv
  • In my opinion, nothing is done well. I hate this program with an extreme passion.
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Community Brands
  • General Ledger processing, including journal entries and reports
  • Ability to download all reports directly to Excel and PDF formats
  • Use of Grant codes to enable grant reporting by month/quarter/year
  • Ability to have multiple departments and consolidate into groups for reporting
  • Accounts Payable and Accounts Receivable cannot be out of balance
  • Multiple ways to use the product including Cloud and Classic options, Visual menu or Standard (Top of screen) menus to select processes, many options we are not using in our simple organization
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Cons
Fiserv
  • Support is only available within business hours.
  • No free trials.
  • Takes time to implement during initial stages.
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Community Brands
  • With the payroll process, if there is an error in sending the stubs through email, there is no option to resend without a restore. That really needs to change.
  • Being able to void encumbrance at the same time as a PO would be an incredible time saver.
  • When processing W2 the system deletes info.
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Likelihood to Renew
Fiserv
No answers on this topic
Community Brands
My company is pretty dug into our current day-to-day systems that serve our operations (ServTracker, Kantime, MicroMD). Without MIP Fund Accounting, we would have no choice but to figure out a way to consolidate those three accounting/operations programs into (ideally) one program, which is basically impossible if we want to salvage any historical data. MIP Fund Accounting is a great hub to bring all those pieces together in a palatable form.
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Usability
Fiserv
Powerful tool that helps us to automate and to streamline our accounting processes and helps to deliver reliable and accurate accessible information that is crucial to the performance of our organization. Its easy to customize and to create financial reports of any kind from the GL and its ability to manipulate data through the system is amazing.
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Community Brands
I have used this system for about 12 years now and I still learning how to use it. It always surprises me how there is another report to learn to achieve my data reporting goals. It is great to have a system that you have used long enough to feel comfortable with but also a system that allows you to learn new ways to report and enter data into the system
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Reliability and Availability
Fiserv
No answers on this topic
Community Brands
I have rarely encountered any issues accessing MIP Fund Accounting over the years. On the rare occasions when availability was interrupted, the reasons were always found in-house when using the on-premises version. Since we have migrated to the MIP cloud, we have had no issues with availability. Any maintenance or updates are always communicated to us and are usually done outside of business hours.
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Performance
Fiserv
No answers on this topic
Community Brands
This software is really good as you can run reports for various funds by Revenue Code or Grant code to capture all the data you need for specific revenue streams. Like I said before, this software is amazing for the tracking of grants if you set up your chart of accounts up correctly.
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Support Rating
Fiserv
It provides us with a fully integrated accounting management solution with effective account payables and investment portfolio accounting. It helps us to automate and to streamline our accounting processes and it allows us to create custom financial reports easily enabling faster reports with accurate financial accounting data.
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Community Brands
I have not reached out to MIP for technical support; however, their website offers great help resources so I can solve an issue on my own. Another team member reached out to MIP for support and was helped quickly. The transition process took longer than expected due to a lag in communication.
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In-Person Training
Fiserv
No answers on this topic
Community Brands
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.
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Online Training
Fiserv
No answers on this topic
Community Brands
Denise O'Malley provided training for the HR module when we added it to our system. Denise also gave us a demo of the EWS module which we were able to see that it would not meet our needs. She was very kind about and understanding regarding the functions we needed with a time clock system.
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Implementation Rating
Fiserv
No answers on this topic
Community Brands
Don't waste your time with MIP. There are plenty of other softwares out there that will do the job better. Do your homework. Get references from actual users. Make sure that what you choose will truly integrate. Make sure that there is local support. Get training. You will be glad that you passed this one by. Trust me.
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Alternatives Considered
Fiserv
Fiserv Prologue Financials is easily available and deployed in Mac and Windows and allows our financial controllers to create simple custom reports that enable them to report faster with accurate financial data. Great product that provides us with excellent cash management and payment management processes.
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Community Brands
The HRA used RealPage (I'm not sure if it is actually the one listed above), and it did not work well. I'm not sure if it wasn't set up well, designed for larger property management companies, or just not good software, but it did not suit our needs at all. We chose a different property management software and MIP for our accounting. We used Quickbooks for Heartland Lakes, but as our business is expanding and we needed a better true fund accounting software, we chose AccuFund to start with, but it was difficult to get set up how we needed. We did not trust the information we were getting out of it, and it wasn't easily customizable to what we needed. We canceled that software and chose MIP.
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Scalability
Fiserv
No answers on this topic
Community Brands
The flexibility to create certain features are helpful and are designed to be easier on MIP Accounting Cloud. It has been easier than the MIP Accounting classic version. I may have not fully utilized the software to deploy across multiple departments other than generating revenue reports or expenses. As well as developing budget worksheets for our departments. Which are great as it is, but have not gone farther than that.
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Return on Investment
Fiserv
  • Instant correction to errors.
  • Real-time financial data.
  • Automatic journal entry reversals.
  • Detailed audit trails that allows effective tracking.
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Community Brands
  • MIP has allowed us to break down our costs even further to be able to improve our use of funding.
  • I'm looking forward to streamlining our accounting processes even further as I learn more about the possibilities with MIP.
  • As we fundraise for specific projects, we are able to track income and expenses by project to give our donors true numbers on how the money was used.
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ScreenShots

MIP Fund Accounting Screenshots

Screenshot of MIP Advance™ Dashboards with drilldownScreenshot of MIP™ Transactions WorkflowScreenshot of MIP DashboardsScreenshot of MIP DashboardsScreenshot of MIP Dashboard drilldownScreenshot of MIP Transactions