Jedox vs. MIP Fund Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Jedox
Score 6.9 out of 10
N/A
Jedox is a Business Intelligence and Corporate Performance Management solution. According to the vendor, their solution’s unified planning, analysis and reporting empowers decision makers from finance, sales, purchasing and marketing. Additionally, the vendor says this solution helps business users work smarter, streamline business collaboration, and make insight-based decisions with confidence. The vendor also says 1,900 organizations in 127 countries are using Jedox for real-time planning…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
JedoxMIP Fund Accounting
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
JedoxMIP Fund Accounting
Free Trial
YesNo
Free/Freemium Version
YesNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
JedoxMIP Fund Accounting
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Top Pros
Top Cons
Features
JedoxMIP Fund Accounting
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
Jedox
9.1
4 Ratings
13% above category average
MIP Fund Accounting
-
Ratings
Pixel Perfect reports9.14 Ratings00 Ratings
Customizable dashboards9.14 Ratings00 Ratings
Report Formatting Templates9.14 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
Jedox
8.3
3 Ratings
0% above category average
MIP Fund Accounting
-
Ratings
Drill-down analysis8.23 Ratings00 Ratings
Formatting capabilities8.23 Ratings00 Ratings
Integration with R or other statistical packages8.53 Ratings00 Ratings
Report sharing and collaboration8.53 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
Jedox
7.9
3 Ratings
3% below category average
MIP Fund Accounting
-
Ratings
Publish to Web8.53 Ratings00 Ratings
Publish to PDF7.93 Ratings00 Ratings
Report Versioning7.03 Ratings00 Ratings
Report Delivery Scheduling8.23 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
Jedox
5.6
3 Ratings
30% below category average
MIP Fund Accounting
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)5.93 Ratings00 Ratings
Location Analytics / Geographic Visualization5.53 Ratings00 Ratings
Predictive Analytics5.63 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
Jedox
8.8
3 Ratings
1% above category average
MIP Fund Accounting
-
Ratings
Multi-User Support (named login)8.83 Ratings00 Ratings
Role-Based Security Model8.83 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.83 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
Jedox
7.4
3 Ratings
8% below category average
MIP Fund Accounting
-
Ratings
Responsive Design for Web Access8.53 Ratings00 Ratings
Mobile Application7.03 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.03 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
Jedox
8.4
4 Ratings
1% above category average
MIP Fund Accounting
-
Ratings
Long-term financial planning7.04 Ratings00 Ratings
Financial budgeting9.04 Ratings00 Ratings
Forecasting9.04 Ratings00 Ratings
Scenario modeling7.04 Ratings00 Ratings
Management reporting10.04 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
Jedox
9.5
3 Ratings
17% above category average
MIP Fund Accounting
-
Ratings
Financial data consolidation10.03 Ratings00 Ratings
Journal entries and reports7.02 Ratings00 Ratings
Multi-currency management10.02 Ratings00 Ratings
Intercompany Eliminations10.03 Ratings00 Ratings
Local and consolidated reporting10.02 Ratings00 Ratings
Detailed Audit Trails10.02 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
Jedox
9.3
4 Ratings
12% above category average
MIP Fund Accounting
-
Ratings
Financial Statement Reporting9.04 Ratings00 Ratings
Management Reporting9.04 Ratings00 Ratings
Excel-based Reporting10.04 Ratings00 Ratings
Automated board and financial reporting9.04 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
Jedox
9.7
4 Ratings
19% above category average
MIP Fund Accounting
-
Ratings
Personalized dashboards9.04 Ratings00 Ratings
Color-coded scorecards10.03 Ratings00 Ratings
KPIs9.03 Ratings00 Ratings
Cost and profitability analysis10.03 Ratings00 Ratings
Key Performance Indicator setting10.03 Ratings00 Ratings
Benchmarking with external data10.02 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
Jedox
9.0
4 Ratings
8% above category average
MIP Fund Accounting
-
Ratings
Flat file integration9.04 Ratings00 Ratings
Excel data integration9.04 Ratings00 Ratings
Direct links to 3rd-party data sources9.04 Ratings00 Ratings
Best Alternatives
JedoxMIP Fund Accounting
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.3 out of 10
QuickBooks Desktop Pro
QuickBooks Desktop Pro
Score 8.0 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Sage Intacct
Sage Intacct
Score 8.7 out of 10
Enterprises
Anaplan
Anaplan
Score 8.7 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
JedoxMIP Fund Accounting
Likelihood to Recommend
9.0
(8 ratings)
8.8
(430 ratings)
Likelihood to Renew
9.0
(3 ratings)
9.2
(126 ratings)
Usability
9.0
(2 ratings)
8.1
(100 ratings)
Availability
8.0
(2 ratings)
9.8
(15 ratings)
Performance
7.0
(2 ratings)
8.5
(86 ratings)
Support Rating
9.0
(3 ratings)
7.8
(99 ratings)
In-Person Training
-
(0 ratings)
10.0
(9 ratings)
Online Training
8.0
(1 ratings)
8.3
(7 ratings)
Implementation Rating
9.0
(2 ratings)
6.4
(28 ratings)
Configurability
9.0
(2 ratings)
8.6
(8 ratings)
Ease of integration
9.0
(1 ratings)
7.8
(13 ratings)
Product Scalability
4.0
(2 ratings)
8.7
(15 ratings)
Vendor post-sale
10.0
(1 ratings)
8.4
(13 ratings)
Vendor pre-sale
10.0
(1 ratings)
8.1
(13 ratings)
User Testimonials
JedoxMIP Fund Accounting
Likelihood to Recommend
Jedox AG
Best suited for financial consolidation and / or as a highly customized and compact EPM / BI solution (up to 100 CCU) with individual workflows, planning and reporting functionalities, with moderate number of users (no restrictions for any industry, all industries are covered well). It also has advanced reporting & data analysis requirements and provides an integration and reporting layer of imported data from different external systems (via ETL). It can help with migrating your legacy Excel-based business models to the Web. It is not well suited for Enterprise BI applications with expecting >500 CCU (users at the same time working with the system) - this may cause serious performance issues, as all data is kept in RAM. Jedox is also less suited for applications with heavy document management requirements (document management is not an out of the box functionality in Jedox and rather requires custom development through custom widgets etc.).
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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
Jedox AG
  • Using the Excel add-in means that our team was almost instantly productive, being able to use a familiar interface to present and manipulate data.
  • Allows us to quickly do analysis and comparison of current and historic data.
  • Really good to produce meaningful management reporting that can be adapted responsively to business requirements.
  • Implementing Jedox in our budget cycle dramatically reduced the time and complexity of the process, while making it more transparent.
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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
Jedox AG
  • Diversity. Jedox can be applied to many different use cases from small to large deployments and from budgeting to enterprise class BI solutions. But rarely is one tool able to fulfill all of these requirements in one organisation. This value proposition can be complicated for prospective users.
  • Awareness. Jedox punches above its weight in capability and scalability, but not enough people have heard about it and therefore procurement processes can be drawn out as a result.
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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
Jedox AG
For a period of 5 years all our customers using Jedox have renewed their licenses.
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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
Jedox AG
To me Jedox deserves 10/10 because it is a consistent one-in-all platform with a modern look and feel. It is intuitive to use and allows you to make intuitive applications integrating traditional business intelligence with performance management functionality. It certainly has a short
learning curve, especially for those that are familiar with MS Excel. An example: I've lost count but Jedox it is available in more than 25 languages. Another: Jedox does not require programming skills... it is developed to be used by the business.
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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
Jedox AG
Jedox has
very few bugs. Reports are available through an Excel add-in, the web and/or
mobile device (IOS/Android). In my opinion, availability also means high
performance, not having to wait for the system to give you the required reports,
analysis, dashboards instantly.
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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
Jedox AG
Jedox is the fastest OLAP tool on the market. It can use GPU cards to increase performance even more
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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
Jedox AG
Jedox support in general is a professional and fast responding team. An easy-to-use ticketing system is in place. Bug-related questions are solved fast (responses come usually in a few hours after the question), but some questions / tickets, that are not Jedox-related bugs (for example some advanced questions about Jedox functionality), may be forwarded to Application Management team for further processing and then it may take several days or even weeks to get a response here -> there is room for improvement here.
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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
Jedox AG
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
Jedox AG
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
Jedox AG
The implementation of SSO, SAML Authentication, HTTPS, Server splitting (Frontend / Backend servers) could be more standardized and made more user friendly to set up (e.g. via setup guide). Otherwise the implementation of Jedox is quick and simple when compared to other similar technologies.
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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
Jedox AG
Calumo is similar product to Jedox. I have used it extensively in my previous role. It was a major contender when we evaluated a BI platform for NIDA. Calumo is a great product as well and it was a very close call. Where we found Jedox to be a better fit for NIDA was the ability to prepare dynamic reports with ease without the need to learn MDX which was used extensively by Calumo to make dynamic reports which expand or shrink based on the underlying data. Another major benefit we saw in Jedox was the whole ETL process could be managed within Jedox instead of doing it in SQL server which negates having a dedicated SQL specialist role when the scale expands.
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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
Jedox AG
Scalability is often another word for speed. Given enough data, enough users or enough calculations, the tool becomes slower and slower. You will find that Jedox has a very high performance that can even be increased by the use of grafical cards. Other thaen that it does not only offer BI (looking back based on historical ERP data) but also allows you to look forward through integrated budgetting, planning, forecasting, workflow and collaboration. Not easy to find a tool that can support so much business functionality. So, also pretty scalable in that respect.
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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
Jedox AG
  • Financial budgeting and Forecasting are done in a centralized fashion in Jedox now instead of a decentralized excel based approach. A lot of cost savings and improved reliability
  • Easy to use self-help Dashboards and detailed reports
  • Web-based reporting instead of excel based
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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

Jedox Screenshots

Screenshot of Management Dashboard with Google Maps WidgetScreenshot of ABC Analysis (Procurement)Screenshot of Executive Sales ReviewScreenshot of Finance DashboardScreenshot of Sales DashboardScreenshot of Start

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