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14 Ratings
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Top Rated
619 Ratings
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Score 9 out of 101

MIP Fund Accounting

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Top Rated
619 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener noreferrer'>trScore algorithm: Learn more.</a>
Score 8 out of 101

Likelihood to Recommend

Journyx

Users cannot update their own time sheet if mistakes are made or things change after submitting. The time sheet must be rejected by the reviewer before the user can update the time sheet. It would be much better for the user to be able to update the time sheet and resubmit, barring approval, instead of the upfront action of the reviewer rejecting the time sheet.
Jason Galati 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

Journyx
MIP Fund Accounting
7.4
Pay calculation
Journyx
MIP Fund Accounting
8.7
Benefit plan administration
Journyx
MIP Fund Accounting
6.4
Direct deposit files
Journyx
MIP Fund Accounting
8.5
Salary revision and increment management
Journyx
MIP Fund Accounting
7.1
Reimbursement management
Journyx
MIP Fund Accounting
6.3

Customization

Journyx
MIP Fund Accounting
8.5
API for custom integration
Journyx
MIP Fund Accounting
8.4
Plug-ins
Journyx
MIP Fund Accounting
8.6

Security

Journyx
MIP Fund Accounting
8.8
Single sign-on capability
Journyx
MIP Fund Accounting
8.7
Role-based user permissions
Journyx
MIP Fund Accounting
8.9

Reporting & Analytics

Journyx
MIP Fund Accounting
7.7
Dashboards
Journyx
MIP Fund Accounting
7.1
Standard reports
Journyx
MIP Fund Accounting
8.0
Custom reports
Journyx
MIP Fund Accounting
7.9

General Ledger and Configurable Accounting

Journyx
MIP Fund Accounting
8.1
Accounts payable
Journyx
MIP Fund Accounting
8.4
Accounts receivable
Journyx
MIP Fund Accounting
8.2
Cash management
Journyx
MIP Fund Accounting
8.2
Bank reconciliation
Journyx
MIP Fund Accounting
8.5
Expense management
Journyx
MIP Fund Accounting
8.5
Time tracking
Journyx
MIP Fund Accounting
6.9
Fixed asset management
Journyx
MIP Fund Accounting
7.8
Multi-currency support
Journyx
MIP Fund Accounting
7.8
Multi-division support
Journyx
MIP Fund Accounting
8.6
Regulations compliance
Journyx
MIP Fund Accounting
8.4
Electronic tax filing
Journyx
MIP Fund Accounting
8.1
Self-service portal
Journyx
MIP Fund Accounting
7.8
Standardized Processes
Journyx
MIP Fund Accounting
7.4

Inventory Management

Journyx
MIP Fund Accounting
4.2
Inventory tracking
Journyx
MIP Fund Accounting
7.3
Automatic reordering
Journyx
MIP Fund Accounting
1.0
Location management
Journyx
MIP Fund Accounting
7.7
Manufacturing module
Journyx
MIP Fund Accounting
1.0

Order Management

Journyx
MIP Fund Accounting
4.7
Pricing
Journyx
MIP Fund Accounting
6.4
Order entry
Journyx
MIP Fund Accounting
7.2
Credit card processing
Journyx
MIP Fund Accounting
2.5
Cost of goods sold
Journyx
MIP Fund Accounting
2.7

Pros

Journyx

  • The strengths are real time data capture for our projects.
  • Helps our department with our clinical trials for the budgeting process (we capture time per task).
  • Allows our department to justify additional hires.
Mcdevitt Laurel 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

Journyx

  • Leave management ability can be improved to offer more functions and reporting.
  • Administration function of adding new clients can be difficult and time consuming.
  • Maybe at times too much customization. It is difficult to administrate all the activities and tasks if we have future changes.
Roy Evans 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

Journyx

Journyx 8.5
Based on 2 answers
All depending on cost for renewal. This is very expensive as a reporting tool, as we do not recover the cost through billing
Roy Evans profile photo

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

Journyx

Journyx 6.0
Based on 1 answer
Back end, administration or set up on the software.
Roy Evans profile photo

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

Journyx

Journyx 8.0
Based on 1 answer
Yes, it's there when I need it.
Roy Evans profile photo

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

Journyx

Journyx 5.0
Based on 1 answer
Can be slow at times.
Roy Evans profile photo

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

Journyx

Journyx 6.0
Based on 1 answer
No answer on this topic is available.

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

Journyx

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

Journyx

Journyx 7.0
Based on 1 answer
Good training overall, some areas we do use.
Roy Evans profile photo

MIP Fund Accounting

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

Implementation

Journyx

Journyx 5.0
Based on 1 answer
It takes a lot of planning and it's time consuming.
Roy Evans profile photo

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

Journyx

Journyx is easy to use - intuitive with customizable drop down menus and with multiple report options, useful for a variety of purposes.
Anne Houghtaling profile photo

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

Journyx

Journyx 7.0
Based on 1 answer
Server issues at first.
Roy Evans profile photo

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

Journyx

  • Increased employee efficieny.
  • Customer service is great, had an error with one of the accounts and they replied and provided instructions on how to fix.
No photo available

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

Pricing Details

Journyx

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Yes
Entry-level set up fee?
Optional

MIP Fund Accounting

General

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

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