Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MIP Fund Accounting
Score 8.5 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.
$249
per month
Paycor
Score 6.8 out of 10
N/A
Paycor provides core HR functions scaled towards small and mid-sized businesses. Paycor offers an integrated benefits platform for interfacing directly with insurance carriers and an adaptable time management platform.N/A
Pricing
MIP Fund AccountingPaycor
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
MIP Fund AccountingPaycor
Free Trial
NoYes
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
More Pricing Information
Community Pulse
MIP Fund AccountingPaycor
Considered Both Products
MIP Fund Accounting

No answer on this topic

Paycor
Chose Paycor
Paycor was chosen because of the services it provided met the needs we were looking for. It also offered several other services we would like to use in the near have all HR related functions under one system and provide many resources to our employees.
Top Pros

No answers on this topic

Top Cons

No answers on this topic

Features
MIP Fund AccountingPaycor
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
7.3
222 Ratings
Employee demographic data00 Ratings8.1188 Ratings
Employment history00 Ratings7.6203 Ratings
Job profiles and administration00 Ratings7.4187 Ratings
Workflow for transfers, promotions, pay raises, etc.00 Ratings7.2185 Ratings
Organizational charting00 Ratings6.9140 Ratings
Organization and location management00 Ratings7.0148 Ratings
Compliance data (COBRA, OSHA, etc.)00 Ratings7.1139 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
8.0
237 Ratings
Pay calculation00 Ratings8.3232 Ratings
Support for external payroll vendors00 Ratings8.25 Ratings
Off-cycle/On-Demand payment00 Ratings8.061 Ratings
Benefit plan administration00 Ratings7.5167 Ratings
Direct deposit files00 Ratings8.3228 Ratings
Salary revision and increment management00 Ratings7.4194 Ratings
Reimbursement management00 Ratings8.423 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
7.3
176 Ratings
Approval workflow00 Ratings7.4154 Ratings
Balance details00 Ratings7.3171 Ratings
Annual carry-forward and encashment00 Ratings7.1144 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
7.7
219 Ratings
View and generate pay and benefit information00 Ratings8.0200 Ratings
Update personal information00 Ratings8.1204 Ratings
View company policy documentation00 Ratings7.7153 Ratings
Employee recognition00 Ratings7.123 Ratings
View job history00 Ratings7.8176 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
7.2
71 Ratings
Tracking of all physical assets00 Ratings7.271 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
6.8
193 Ratings
Report builder00 Ratings7.1187 Ratings
Pre-built reports00 Ratings6.8188 Ratings
Ability to combine HR data with external data00 Ratings6.4120 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
7.4
179 Ratings
New hire portal00 Ratings7.7176 Ratings
Manager tracking tools00 Ratings7.2133 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
7.5
76 Ratings
Corporate goal setting00 Ratings7.717 Ratings
Individual goal setting00 Ratings7.473 Ratings
Line-of sight-visibility00 Ratings7.261 Ratings
Performance tracking00 Ratings7.674 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
7.3
98 Ratings
Performance plans00 Ratings7.593 Ratings
Performance improvement plans00 Ratings7.385 Ratings
Review status tracking00 Ratings7.488 Ratings
Review reminders00 Ratings7.289 Ratings
Multiple review frequency00 Ratings7.375 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
7.2
11 Ratings
Candidate ranking00 Ratings7.19 Ratings
Candidate search00 Ratings7.211 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
MIP Fund Accounting
-
Ratings
Paycor
8.1
90 Ratings
Job Requisition Management00 Ratings7.771 Ratings
Company Website Posting00 Ratings7.575 Ratings
Publish to Social Media00 Ratings7.965 Ratings
Job Search Site Posting00 Ratings7.967 Ratings
Duplicate Candidate Prevention00 Ratings8.059 Ratings
Applicant Tracking00 Ratings7.774 Ratings
Notifications and Alerts00 Ratings7.679 Ratings
User Ratings
MIP Fund AccountingPaycor
Likelihood to Recommend
8.4
(404 ratings)
6.7
(251 ratings)
Likelihood to Renew
8.9
(92 ratings)
8.7
(15 ratings)
Usability
8.4
(93 ratings)
7.1
(219 ratings)
Availability
9.0
(13 ratings)
10.0
(1 ratings)
Performance
8.3
(55 ratings)
10.0
(1 ratings)
Support Rating
8.4
(125 ratings)
7.2
(94 ratings)
In-Person Training
10.0
(7 ratings)
10.0
(1 ratings)
Online Training
9.8
(5 ratings)
9.5
(2 ratings)
Implementation Rating
9.8
(44 ratings)
7.9
(33 ratings)
Configurability
10.0
(5 ratings)
8.2
(3 ratings)
Ease of integration
9.5
(6 ratings)
5.0
(2 ratings)
Product Scalability
10.0
(8 ratings)
8.0
(1 ratings)
Vendor post-sale
7.0
(8 ratings)
7.5
(3 ratings)
Vendor pre-sale
6.9
(8 ratings)
10.0
(3 ratings)
User Testimonials
MIP Fund AccountingPaycor
Likelihood to Recommend
Community Brands
I tried a couple of other funds accounting software, and we had staff that was familiar with MIP. I then chose MIP for both companies. I know we get accurate information out of MIP as long as the information put in is good. MIP is a little clumsy for AR billing, but maybe it would be easier to use if it was available in the cloud module (or if it is, I haven't been able to see it).
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Paycor, Inc
Payroll is best suited to tracking down employees' performance and their activities during working hours. It also showcases overall employee and company performance percentages. The candidate management feature helps to maintain any applicant's data, and there is a feedback option that they provide in the platform.
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Pros
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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Paycor, Inc
  • Payroll- easy to view the pay grid, make edits, and even make notes on paystubs. There are quick reports and graphs to double-check everything.
  • Interface- employees can do so much on their own! Paycor is so easy to navigate and explain to new employees.
  • Customer Service- I can talk to a real person within 5 minutes!! Or I can even chat with a real person online and not even talk on the phone. And my problems get resolved. No unknown answers they can't figure out.
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Cons
Community Brands
  • My #1 request would have a report that can pull from all modules. There are some reports that I have to run in separate areas to compile the data I want. If there were a one-stop-shop report center, that would be fantastic.
  • I would love to have an option to make text size bigger in all parts of the system.
  • We are in CA; I would like to see call center coverage to account for the time change to Texas.
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Paycor, Inc
  • Customer service, especially post-COVID
  • There was a recent change to the time off accrual system, which we weren't aware of, and everyone's PTO balances were wiped out overnight.
  • The updates don't seem to benefit functionality much, are simply different, not really improved
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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.
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Paycor, Inc
The product is really good overall. The customer service is not the best and the benefits administration is kind of painful. However, the good outweighs the bad. We might get a different benefit admin system that can be integrated into Paycor. My controller doesn't want to switch anything for a [long] time.
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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.
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Paycor, Inc
I think it is pretty straightforward. It is not a bad thing to say that it is similar to a lot of products in a lot of ways. That's not what this question is asking, though. It's about usability, and I feel that it carries on the easy usability that a lot of other products similar to it have.
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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.
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Paycor, Inc
We have not experienced any availability issues
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Performance
Community Brands
I feel that reporting is difficult to use. Copying existing reports for a new fiscal year is easy but often the data you want to display is not selected, even filtering for the correct data. We routinely have to call support for assistance with reports and most of the issues cannot be resolved during a phone call, a ticket has to be placed for more in-depth examination of the issue. Multiple users cannot run the same report at the same time; so if two people are trying to run an expanded GL, you will have to copy the report and save it with a new name in order to use it at the same time. This results in lots of unnecessary reports in the list. In addition, once you have been using the system for a while you wind up with hundreds of reports in your list of options; there may be a way to archive reports but we have not found that yet so we currently have reports in our list from accounts that are over 10 years old.
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Paycor, Inc
All processes work quickly
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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.
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Paycor, Inc
I'd give a zero if that were an option. I currently have multiple requests for support that have not been answered in over a week. I have called their support phone line and usually hung up after waiting for 45 minutes for someone to answer. It is unlikely to get a quick response, EVER, even to urgent problems that effect taxes and benefit submission.
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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.
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Paycor, Inc
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.
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Paycor, Inc
The training was easy to understand, and the Paycor tutorials are a great, easy reference.
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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.
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Paycor, Inc
Implementation of any new software is going to be challenging, especially if you are maintaining an existing program concurrently. When it is time for dual-processing (both old and new software) prior to going live, be prepared to be stressed. But trust the process and it will be over soon.
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Alternatives Considered
Community Brands
This is the first time I've worked in the non-profit world. Accounting is somewhat different so I am very glad to be using a product designed specifically for non-profits. Many accounting processes are similar of course, but it is nice to have them tailored to fit the requirements of a non-profit organization.
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Paycor, Inc
Paycor definitely has a leg up on Paychex Flex. This is the system we went from to Paycor and it is much more basic with not as much opportunity for bundling data together and tracking information. Paychex did provide a dedicated customer service rep, which was very helpful, and I do miss that with Paycor. Paylocity is a company I've also used for over 7 years it does have some really good features. I feel Paylocity is more user-friendly but Paycor has more in-depth options and software features that are very helpful.
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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.
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Paycor, Inc
We haven't needed to scale
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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.
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Paycor, Inc
  • They handle all of the numbers and tax forms, things that I HATE doing!
  • I can run my payroll in less than 5 minutes because their portal puts all of the information at my fingertips.
  • I like relying on their professionals to deal with different tax and unemployment offices in different states. They know their stuff.
  • Paycor is not the cheapest service out there, but they deliver Cadillac service and performance on a Volkswagen budget.
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