What users are saying about
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Top Rated
619 Ratings
2 Ratings

MIP Fund Accounting

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Top Rated
619 Ratings
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Score 8 out of 101
2 Ratings
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Score 8.5 out of 101

Likelihood to Recommend

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

Nvoicepay

Nvoicepay is super helpful for organizations that want to run lean and have a lot of accounts payable going out each day/week/month. The cost of having Nvoicepay vs having an employee process payments for each of our vendors is a massive cost savings. I believe it would be less appropriate for organizations that are only sending a few payments each month or have a lot of recurring payments instead of unique bills each month. Recurring payments are easily booked and memorized in most accounting systems and setting up autopay takes care of having to actually make the transaction manually.
No photo available

Feature Rating Comparison

Payroll Management

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

Customization

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

Security

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

Reporting & Analytics

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

General Ledger and Configurable Accounting

MIP Fund Accounting
8.1
Nvoicepay
Accounts payable
MIP Fund Accounting
8.4
Nvoicepay
Accounts receivable
MIP Fund Accounting
8.2
Nvoicepay
Cash management
MIP Fund Accounting
8.2
Nvoicepay
Bank reconciliation
MIP Fund Accounting
8.5
Nvoicepay
Expense management
MIP Fund Accounting
8.6
Nvoicepay
Time tracking
MIP Fund Accounting
6.9
Nvoicepay
Fixed asset management
MIP Fund Accounting
7.8
Nvoicepay
Multi-currency support
MIP Fund Accounting
7.8
Nvoicepay
Multi-division support
MIP Fund Accounting
8.6
Nvoicepay
Regulations compliance
MIP Fund Accounting
8.4
Nvoicepay
Electronic tax filing
MIP Fund Accounting
8.1
Nvoicepay
Self-service portal
MIP Fund Accounting
7.9
Nvoicepay
Standardized Processes
MIP Fund Accounting
7.5
Nvoicepay

Inventory Management

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

Order Management

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

Pros

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

Nvoicepay

  • Nvoicepay does a great job of pulling the invoices in from our DMS system on a daily basis so we can see what invoices need to be paid.
  • NVoicepay allows for many methods of payment. They call all of your vendors for you and set them up on their preferred payment methods.
  • NVoicepay takes care of all issues for you with the vendor. They make all of the payments once you initiate it in their system.
Anna Smith profile photo

Cons

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

Nvoicepay

  • Perhaps the most frustrating part of Nvoicepay is the reporting. Simply working through the filtering to find a transaction in the history is extremely difficult. If you don't select the filters in the correct order you will typically find zero results.
  • The formatting for the upload is also a little tricky. Since you are uploading an excel file, any zip codes with leading zeros typically have the zeros removed and result in a failed upload. So having to place an apostrophe in front of any leading zeros is kind of pain especially when you have 100 plus lines of transactions.
  • The main dashboard is also something to be desired. I understand the concept of providing the dashboard, but what use is it if I can't dig in and see what the numbers and graphs are made of? If Nvoicepay was able to hyperlink to the transactions that make up each category it would make the dashboard far more useful.
No photo available

Likelihood to Renew

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

Nvoicepay

No score
No answers yet
No answers on this topic

Usability

MIP Fund Accounting

MIP Fund Accounting 8.2
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

Nvoicepay

No score
No answers yet
No answers on this topic

Reliability and Availability

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

Nvoicepay

No score
No answers yet
No answers on this topic

Performance

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

Nvoicepay

No score
No answers yet
No answers on this topic

Support

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

Nvoicepay

No score
No answers yet
No answers on this topic

In-Person Training

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

Nvoicepay

No score
No answers yet
No answers on this topic

Online Training

MIP Fund Accounting

MIP Fund Accounting 4.9
Based on 4 answers
Personalized training provided for our organization
karen hoffman profile photo

Nvoicepay

No score
No answers yet
No answers on this topic

Implementation

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

Nvoicepay

No score
No answers yet
No answers on this topic

Alternatives Considered

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

Nvoicepay

We used Zevez in the past to make credit card payments but NVoicepay is a much more robust system which also allows for ACH and check payments. Also, they were able to contact vendors for us and sign them up with their preferred payment methods. Easy to implement and easy to use.
Anna Smith profile photo

Scalability

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

Nvoicepay

No score
No answers yet
No answers on this topic

Return on Investment

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

Nvoicepay

  • Nvoicepay has had only a positive impact on our overall business objectives. Since it takes care of remedial tasks of processing payments we are able to concentrate on more complex tasks such as prepping for close, creating schedules, and improving other processes.
No photo available

Pricing Details

MIP Fund Accounting

General

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

Nvoicepay

General

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

Rating Summary

Likelihood to Recommend

MIP Fund Accounting
8.0
Nvoicepay
8.5

Likelihood to Renew

MIP Fund Accounting
9.2
Nvoicepay

Usability

MIP Fund Accounting
8.2
Nvoicepay

Reliability and Availability

MIP Fund Accounting
9.0
Nvoicepay

Performance

MIP Fund Accounting
10.0
Nvoicepay

Support

MIP Fund Accounting
8.4
Nvoicepay

In-Person Training

MIP Fund Accounting
8.0
Nvoicepay

Online Training

MIP Fund Accounting
4.9
Nvoicepay

Implementation

MIP Fund Accounting
5.9
Nvoicepay

Scalability

MIP Fund Accounting
9.0
Nvoicepay

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