greytHR vs. MIP Fund Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
greytHR
Score 8.2 out of 10
N/A
The greytHR Platform is a suite of cloud HR solutions for small and medium enterprises (SMEs). It offers productivity tools for people management, simpler HR processes, and professional delivery of HR services. The Employee Portal for the manager and employee self-service supports better employee engagement and all-around time savings. The vendor states greytHR software is used by 15,000+ customers and 1.5 million users in India and the Middle…
$3,495
per month per user
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
greytHRMIP Fund Accounting
Editions & Modules
Starter
₹0
per month per user
Essential
₹3495
per month per user
Growth
₹5495
per month per user
Enterprise
₹7495
per month per user
No answers on this topic
Offerings
Pricing Offerings
greytHRMIP Fund Accounting
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeOptionalNo setup fee
Additional DetailsFor India Customers, the price starts at ₹3495 for 50 employees. For additional employees, ₹30, ₹60, ₹100 will be charged for Essential, Growth, and Enterprise plans. Also greytHR offers special annual pricing for those who wish to pay once for the entire year. For GCC Customers, the price starts at $2 per employee per month on top of a fixed base price of $30.
More Pricing Information
Features
greytHRMIP Fund Accounting
Payroll Management
Comparison of Payroll Management features of Product A and Product B
greytHR
8.7
4 Ratings
5% above category average
MIP Fund Accounting
-
Ratings
Pay calculation9.03 Ratings00 Ratings
Off-cycle/On-Demand payment8.01 Ratings00 Ratings
Benefit plan administration8.43 Ratings00 Ratings
Direct deposit files8.63 Ratings00 Ratings
Salary revision and increment management9.04 Ratings00 Ratings
Reimbursement management9.04 Ratings00 Ratings
Best Alternatives
greytHRMIP Fund Accounting
Small Businesses
Patriot Software
Patriot Software
Score 9.0 out of 10
QuickBooks Online
QuickBooks Online
Score 8.0 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.5 out of 10
Sage Intacct
Sage Intacct
Score 8.7 out of 10
Enterprises
Infor Human Resources
Infor Human Resources
Score 7.3 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
greytHRMIP Fund Accounting
Likelihood to Recommend
6.5
(4 ratings)
8.8
(430 ratings)
Likelihood to Renew
-
(0 ratings)
9.2
(126 ratings)
Usability
-
(0 ratings)
8.1
(100 ratings)
Availability
-
(0 ratings)
9.8
(15 ratings)
Performance
-
(0 ratings)
8.5
(86 ratings)
Support Rating
-
(0 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
greytHRMIP Fund Accounting
Likelihood to Recommend
GreytHR
greytHR can be recommended when starting off exploring HRMS tools. However, the robustness of the tool needs improvement so that it can fit everyone's use case as well as inclusion of newer features that many competitors offer already. If you have a very big team, then this tool may not be the perfect fit as bugs will be easily visible
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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
GreytHR
  • Leave Management - Anyone can track and get leave approvals easily
  • Daily Attendance Management - Check in-time, out-time, late time etc.
  • Employee Information Management - Salary details, appraisal details etc. can be tracked on the portal.
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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
GreytHR
  • Overall UI needs to be worked on, it looks outdated
  • WFH option for employee attendance
  • Add location data in attendance
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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
GreytHR
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
GreytHR
No answers on this topic
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
GreytHR
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
GreytHR
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
GreytHR
No answers on this topic
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
GreytHR
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
GreytHR
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
GreytHR
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
GreytHR
Since I am a end user and wasnt part of purchase process would like to skip this question
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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
GreytHR
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
GreytHR
  • Simply helped us manage payroll for our employees effectively
  • Tax declaration was made easy in India as they also offered calculations based on the new & old tax regimes.
  • Reduced manual effort in leave tracking for our team where it was done ineffectively prior to having greytHR
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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

greytHR Screenshots

Screenshot of greytHR payroll overviewScreenshot of greytHR attendance calendar viewScreenshot of Asset information captureScreenshot of AI HR Assistant with in self service

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