What users are saying about
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Top Rated
772 Ratings
2 Ratings

MIP Fund Accounting

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Top Rated
772 Ratings
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Score 8.4 out of 100
2 Ratings
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Score 10 out of 100

Feature Set Ratings

    Reporting & Analytics

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    7.0

    OpenGov

    70%
    OpenGov ranks higher in 2/2 features

    Dashboards

    N/A
    0 Ratings
    7.0
    70%
    1 Rating

    Standard reports

    N/A
    0 Ratings
    7.0
    70%
    1 Rating

    General Ledger and Configurable Accounting

    MIP Fund Accounting

    Feature Set Not Supported
    N/A
    7.9

    OpenGov

    79%
    OpenGov ranks higher in 9/9 features

    Accounts payable

    N/A
    0 Ratings
    8.0
    80%
    1 Rating

    Accounts receivable

    N/A
    0 Ratings
    8.0
    80%
    1 Rating

    Cash management

    N/A
    0 Ratings
    8.0
    80%
    1 Rating

    Bank reconciliation

    N/A
    0 Ratings
    8.0
    80%
    1 Rating

    Expense management

    N/A
    0 Ratings
    9.0
    90%
    1 Rating

    Intercompany Accounting

    N/A
    0 Ratings
    7.0
    70%
    1 Rating

    Journals and Reconciliations

    N/A
    0 Ratings
    8.0
    80%
    1 Rating

    Configurable Accounting

    N/A
    0 Ratings
    8.0
    80%
    1 Rating

    Standardized Processes

    N/A
    0 Ratings
    7.0
    70%
    1 Rating

    Attribute Ratings

    • MIP Fund Accounting is rated higher in 1 area: Support Rating
    • OpenGov is rated higher in 2 areas: Likelihood to Recommend, Usability

    Likelihood to Recommend

    8.4

    MIP Fund Accounting

    84%
    403 Ratings
    10.0

    OpenGov

    100%
    2 Ratings

    Likelihood to Renew

    8.9

    MIP Fund Accounting

    89%
    91 Ratings

    OpenGov

    N/A
    0 Ratings

    Usability

    8.2

    MIP Fund Accounting

    82%
    93 Ratings
    8.5

    OpenGov

    85%
    2 Ratings

    Availability

    9.0

    MIP Fund Accounting

    90%
    13 Ratings

    OpenGov

    N/A
    0 Ratings

    Performance

    8.2

    MIP Fund Accounting

    82%
    54 Ratings

    OpenGov

    N/A
    0 Ratings

    Support Rating

    8.3

    MIP Fund Accounting

    83%
    125 Ratings
    7.0

    OpenGov

    70%
    2 Ratings

    In-Person Training

    10.0

    MIP Fund Accounting

    100%
    7 Ratings

    OpenGov

    N/A
    0 Ratings

    Online Training

    9.7

    MIP Fund Accounting

    97%
    5 Ratings

    OpenGov

    N/A
    0 Ratings

    Implementation Rating

    9.7

    MIP Fund Accounting

    97%
    44 Ratings

    OpenGov

    N/A
    0 Ratings

    Configurability

    9.9

    MIP Fund Accounting

    99%
    5 Ratings

    OpenGov

    N/A
    0 Ratings

    Ease of integration

    9.4

    MIP Fund Accounting

    94%
    6 Ratings

    OpenGov

    N/A
    0 Ratings

    Product Scalability

    10.0

    MIP Fund Accounting

    100%
    8 Ratings

    OpenGov

    N/A
    0 Ratings

    Vendor post-sale

    7.0

    MIP Fund Accounting

    70%
    8 Ratings

    OpenGov

    N/A
    0 Ratings

    Vendor pre-sale

    6.9

    MIP Fund Accounting

    69%
    8 Ratings

    OpenGov

    N/A
    0 Ratings

    Likelihood to Recommend

    Community Brands

    If you want to use grant reporting and departmental reporting, this product works very well. It works well with basic accounting tasks and reports other than aging. It has a good amount of internal integrity, i.e. you cannot have a difference between your AR sub ledger and the AR general ledger account. This is a great product if you are well skilled in using Excel to convert text to data, create pivot tables and manipulate report presentations. With the cloud version, you have access to a "classic" view that mirrors the former product and a new "online" version which is sometimes easier to use and more visually accessible in some screens.
    Read full review

    OpenGov

    OpenGov procurement needs to keep the business model of ProcureNow. I have noticed since it has joined OpenGov customer engagement has gotten lost.
    Read full review

    Pros

    Community Brands

    • Tech support and knowledge base. When I encounter an issue I can research the knowledge base to see if anyone else has had the same problem, and learn how to navigate. If I need further help, the support center is ready and available.
    • I like the product enhancements; they will listen to customer feedback and make changes where we, the users, see fit.
    • I like the shortcut buttons when you are in reporting; you can easily export to excel and PDF, print report details, etc...
    • I like the options that reporting gives; you can truly create a custom report to extract exactly what you want to see or don't want to see.
    Read full review

    OpenGov

    • Engagement with customers.
    • Continuous Improvement of product.
    • Listens to customer needs.
    Read full review

    Cons

    Community Brands

    • Very difficult to use - not intuitive at all; I feel like you really need the training to understand the product.
    • Very little automation; everything has to be manually entered which allows the opportunity for more errors and also requires a lot of double and triple-checking entries.
    • Cumbersome and tedious to use; for example, a journal entry that could be done in two lines on other programs, in my experience, takes at least 6 in this program, sometimes more. When you have to do this repeatedly it takes significantly longer to do everything in this program than it should.
    • Constant issues with reporting; reports are often missing funds or are incorrect and I have to call customer support for help. Most of these issues cannot be resolved immediately and a ticket has to be created to solve them.
    • In my opinion, even simple things don't work properly. We recently found out that when exporting results into Excel, if you select to remove headers and footers with the export, the program also removes some of the data. No telling how long this has been an issue, so now we have a data integrity problem with all of our exports. MIP Fund Accounting says it will fix in the next update so this likely affects other users as well.
    • Because the product is so time-consuming and cumbersome, it creates efficiency issues; everything takes longer than it should to complete, so we have to hire additional staff, especially at peak times.
    Read full review

    OpenGov

    • Reaching out to customers.
    • Training.
    Read full review

    Pricing Details

    MIP Fund Accounting

    Starting Price

    $249 per month

    Editions & Modules

    MIP Fund Accounting editions and modules pricing
    EditionModules

    Footnotes

      Offerings

      Free Trial
      Free/Freemium Version
      Premium Consulting/Integration Services

      Entry-level set up fee?

      No setup fee

      Additional Details

      Request Pricing Info

      OpenGov

      Starting Price

      Editions & Modules

      OpenGov editions and modules pricing
      EditionModules

      Footnotes

        Offerings

        Free Trial
        Free/Freemium Version
        Premium Consulting/Integration Services

        Entry-level set up fee?

        No setup fee

        Additional Details

        Likelihood to Renew

        Community Brands

        We have been using MIP for over 25 years. In the '90s, we used the MS-Dos version and subsequently changed to the Windows version in the 2000s. Our organization is still relatively small in terms of staffing and even transaction volume; however, over the years, the number of projects has increased and is projected to increase drastically in the next year or two. With the increase in projects along with the ability of MIP to cater easily to large organizations, it makes perfect sense for us to renew when that time comes.
        Read full review

        OpenGov

        No answers on this topic

        Usability

        Community Brands

        I don't know what it would be like in the for-profit arena, but for the non-profit arena, it is an excellent product. I love how you don't actually have to close years and are able to get information that spans over the year-end. And the grant tracking is excellent too. It is just an excellent accounting system.
        Read full review

        OpenGov

        The OpenGov platform has been relatively easy for all staff at different levels to implement into their daily workday.
        Read full review

        Reliability and Availability

        Community Brands

        Mostly its available when I need it. I do get kicked out of the cloud while entering data at times. But I do not lose data and can often just open up the classic version to continue doing what I was doing. Only rarely is there no availability and when that happens, its a very short amount of time.
        Read full review

        OpenGov

        No answers on this topic

        Performance

        Community Brands

        I think the reporting options are one of the best I've seen within all accounting programs I've ever used. The ease of writing new reports makes this a wonderful program. With very little experience anyone can design the specific reports to fit the needs of their organization
        Read full review

        OpenGov

        No answers on this topic

        Support Rating

        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.
        Read full review

        OpenGov

        They have always resolved any issues we have had. It has been timely and responsive.
        Read full review

        In-Person Training

        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.
        Read full review

        OpenGov

        No answers on this topic

        Online Training

        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.
        Read full review

        OpenGov

        No answers on this topic

        Implementation Rating

        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.
        Read full review

        OpenGov

        No answers on this topic

        Alternatives Considered

        Community Brands

        We have not researched or entertained other products during my tenure here at the organization. We have been pleased with what the product provides but would expect to reevaluate systems in the next five years to ensure MIP continues to be the best option for our rapidly changing organization and industry.
        Read full review

        OpenGov

        No answers on this topic

        Scalability

        Community Brands

        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.
        Read full review

        OpenGov

        No answers on this topic

        Return on Investment

        Community Brands

        • The Accounting and HR teams have been able to eliminate double entry, and therefore free up a lot of time.
        • With the budgeting module, we have been able to obtain a firm grasp on our grants and utilize those funds in the best way possible.
        Read full review

        OpenGov

        No answers on this topic

        Screenshots

        Add comparison