What users are saying about
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Top Rated
713 Ratings
2 Ratings

MIP Fund Accounting

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Top Rated
713 Ratings
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Score 8.2 out of 100
2 Ratings
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Score 8 out of 100

Likelihood to Recommend

MIP Fund Accounting

As mentioned, for a non-profit, it is fantastic. I know there are other products out there for non-profits, many of which are exorbitantly expensive. I love how MIP gets better and better. When we were first with MIP some 18 or 19 years ago, it was great but did not do nearly what it does today. I wish I had had the time over the years to learn all the new features, but I did not. Still, I love it.
Charmyne Goodfellow | TrustRadius Reviewer

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.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

MIP Fund Accounting
7.4
Nvoicepay
Pay calculation
MIP Fund Accounting
8.3
Nvoicepay
Benefit plan administration
MIP Fund Accounting
6.6
Nvoicepay
Direct deposit files
MIP Fund Accounting
8.7
Nvoicepay
Salary revision and increment management
MIP Fund Accounting
6.6
Nvoicepay
Reimbursement management
MIP Fund Accounting
6.8
Nvoicepay

Customization

MIP Fund Accounting
7.7
Nvoicepay
API for custom integration
MIP Fund Accounting
7.9
Nvoicepay
Plug-ins
MIP Fund Accounting
7.5
Nvoicepay

Security

MIP Fund Accounting
8.5
Nvoicepay
Single sign-on capability
MIP Fund Accounting
8.5
Nvoicepay
Role-based user permissions
MIP Fund Accounting
8.4
Nvoicepay

Reporting & Analytics

MIP Fund Accounting
8.0
Nvoicepay
Dashboards
MIP Fund Accounting
7.5
Nvoicepay
Standard reports
MIP Fund Accounting
8.4
Nvoicepay
Custom reports
MIP Fund Accounting
8.2
Nvoicepay

General Ledger and Configurable Accounting

MIP Fund Accounting
8.2
Nvoicepay
Accounts payable
MIP Fund Accounting
8.7
Nvoicepay
Accounts receivable
MIP Fund Accounting
8.2
Nvoicepay
Cash management
MIP Fund Accounting
7.8
Nvoicepay
Bank reconciliation
MIP Fund Accounting
8.3
Nvoicepay
Expense management
MIP Fund Accounting
8.5
Nvoicepay
Time tracking
MIP Fund Accounting
7.3
Nvoicepay
Fixed asset management
MIP Fund Accounting
8.0
Nvoicepay
Multi-currency support
MIP Fund Accounting
8.4
Nvoicepay
Multi-division support
MIP Fund Accounting
9.0
Nvoicepay
Regulations compliance
MIP Fund Accounting
8.4
Nvoicepay
Electronic tax filing
MIP Fund Accounting
8.3
Nvoicepay
Self-service portal
MIP Fund Accounting
7.4
Nvoicepay
Journals and Reconciliations
MIP Fund Accounting
8.1
Nvoicepay
Enterprise Accounting
MIP Fund Accounting
7.9
Nvoicepay
Configurable Accounting
MIP Fund Accounting
8.5
Nvoicepay
Standardized Processes
MIP Fund Accounting
8.2
Nvoicepay

Inventory Management

MIP Fund Accounting
4.5
Nvoicepay
Inventory tracking
MIP Fund Accounting
8.0
Nvoicepay
Automatic reordering
MIP Fund Accounting
1.0
Nvoicepay
Location management
MIP Fund Accounting
8.2
Nvoicepay
Manufacturing module
MIP Fund Accounting
1.0
Nvoicepay

Order Management

MIP Fund Accounting
4.5
Nvoicepay
Pricing
MIP Fund Accounting
5.9
Nvoicepay
Order entry
MIP Fund Accounting
7.3
Nvoicepay
Credit card processing
MIP Fund Accounting
2.3
Nvoicepay
Cost of goods sold
MIP Fund Accounting
2.5
Nvoicepay

Pros

MIP Fund Accounting

  • Grant level accounting. We manage well over 50 active grants at any given time. This system allows us to track revenue and expenditures at a grant level which enables our staff to accurately and effectively manage, monitor and report to funders.
  • Allocations module. The allocation module functions enable us to set various allocation methods to capture overhead costs and allocate to cost centers and grants efficiently and effectively.
  • Fixed Asset module. The fixed asset module allows us to integrate asset tracking and depreciation schedules that are easy to use and integrated for efficiency.
Bryan Martin | TrustRadius Reviewer

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 | TrustRadius Reviewer

Cons

MIP Fund Accounting

  • MIP Cloud took away the ability to have multiple things open simultaneously. Now if I need to add a vendor in the middle of a check run, I need to completely exit the batch. The desktop version offered ways to have both open simultaneously.
  • The Cloud version is picky about checking duplicate document numbers during a bank reconciliation. If I select avoided check and there are two document 15's, it will only save one document. I have to go to the desktop version to lock it.
  • The Cloud version does not allow me to do my Recurring Entries. They automatically appear with a warning that they are due when I enter the desktop version.
Anonymous | TrustRadius Reviewer

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.
Anonymous | TrustRadius Reviewer

Likelihood to Renew

MIP Fund Accounting

MIP Fund Accounting 9.7
Based on 49 answers
Honestly - if we had the resources to move - we would do it in a heartbeat. We have wasted so much money on this program. I am so disappointed in this product. I am so glad that I did not install it here. I just want basic functionality - and this program does not deliver.
Anonymous | TrustRadius Reviewer

Nvoicepay

No score
No answers yet
No answers on this topic

Usability

MIP Fund Accounting

MIP Fund Accounting 7.9
Based on 90 answers
I find MIP Fund Accounting easy to use, but I also minored in ERP systems in college. If you are a tech savvy type of person, you wouldn't have much trouble. However, those that are not tech savvy, may have difficulty. The good thing is, MIP Fund Accounting has a help page on every single screen; so if you have questions, the help button will address issues on that specific page.
Sarah Gruver | TrustRadius Reviewer

Nvoicepay

No score
No answers yet
No answers on this topic

Reliability and Availability

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 11 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 | TrustRadius Reviewer

Nvoicepay

No score
No answers yet
No answers on this topic

Performance

MIP Fund Accounting

MIP Fund Accounting 10.0
Based on 12 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 | TrustRadius Reviewer

Nvoicepay

No score
No answers yet
No answers on this topic

Support Rating

MIP Fund Accounting

MIP Fund Accounting 8.1
Based on 122 answers
While MIP rarely answers when you call, they have never missed their SLA obligation and [are] usually faster than it requires. They jump right into the issue without 20 layers of people who barely know what program you are calling about never mind CPA level accounting issues or large setup issues.
Bob Simpson | TrustRadius Reviewer

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 | TrustRadius Reviewer

Nvoicepay

No score
No answers yet
No answers on this topic

Online Training

MIP Fund Accounting

MIP Fund Accounting 4.0
Based on 4 answers
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.
Anonymous | TrustRadius Reviewer

Nvoicepay

No score
No answers yet
No answers on this topic

Implementation Rating

MIP Fund Accounting

MIP Fund Accounting 3.9
Based on 42 answers
Again, I was not directly involved with the planning and setup of the software. However, I was involved in training my staff during the implementation phase. As with any software implementation, consistency of training is key and a willingness to seek out help from Customer Support helps tremendously to insure accuracy of information and training.
Jeffrey Chapman | TrustRadius Reviewer

Nvoicepay

No score
No answers yet
No answers on this topic

Alternatives Considered

MIP Fund Accounting

I used Great Plains at a former job. It was also designed for non-profits. The payroll function/feature was much easier to maneuver than MIP Fund Accounting. The AP feature was comparable to that of MIP Fund Accounting and functioned somewhat the same. Which is nice. I do not know about the reports feature, as my reports processing was limited due to the job I had. Same with the budgeting features and A/R. We are a non-profit organization that wished to utilize a system designed specifically for this type of organization.
Cori May | TrustRadius Reviewer

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 | TrustRadius Reviewer

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 | TrustRadius Reviewer

Nvoicepay

No score
No answers yet
No answers on this topic

Return on Investment

MIP Fund Accounting

  • It has fit our needs exactly.
  • It is all I've ever used at this organization. We briefly tried another setup in order to integrate with other systems and we quickly abandoned it to move back to MIP Fund Accounting (formerly Abila MIP).
  • It has been a big time saver at payroll time and tax time.
Anonymous | TrustRadius Reviewer

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.
Anonymous | TrustRadius Reviewer

Screenshots

Pricing Details

MIP Fund Accounting

General

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

Starting Price

$249 per month

Nvoicepay

General

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

Starting Price

Rating Summary

Likelihood to Recommend

MIP Fund Accounting
8.2
Nvoicepay
8.0

Likelihood to Renew

MIP Fund Accounting
9.7
Nvoicepay

Usability

MIP Fund Accounting
7.9
Nvoicepay

Reliability and Availability

MIP Fund Accounting
10.0
Nvoicepay

Performance

MIP Fund Accounting
10.0
Nvoicepay

Support Rating

MIP Fund Accounting
8.1
Nvoicepay

In-Person Training

MIP Fund Accounting
8.0
Nvoicepay

Online Training

MIP Fund Accounting
4.0
Nvoicepay

Implementation Rating

MIP Fund Accounting
3.9
Nvoicepay

Scalability

MIP Fund Accounting
9.0
Nvoicepay

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