What users are saying about
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Top Rated
714 Ratings
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362 Ratings

MIP Fund Accounting

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Top Rated
714 Ratings
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Score 8.2 out of 100

Paycor

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362 Ratings
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Score 6.5 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

Paycor

Paycor is great for small and medium-sized businesses that have grown to a point where they would like to manage payroll and HR internally. It helps make the transition easy. They have great customer support and onboarding to make the transition smooth
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

MIP Fund Accounting
7.4
Paycor
7.7
Pay calculation
MIP Fund Accounting
8.3
Paycor
8.2
Benefit plan administration
MIP Fund Accounting
6.6
Paycor
6.4
Direct deposit files
MIP Fund Accounting
8.7
Paycor
8.4
Salary revision and increment management
MIP Fund Accounting
6.6
Paycor
7.1
Reimbursement management
MIP Fund Accounting
6.8
Paycor
7.6
Support for external payroll vendors
MIP Fund Accounting
Paycor
8.2
Off-cycle/On-Demand payment
MIP Fund Accounting
Paycor
7.8

Customization

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

Security

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

Reporting & Analytics

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

General Ledger and Configurable Accounting

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

Inventory Management

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

Order Management

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

Human Resource Management

MIP Fund Accounting
Paycor
7.2
Employee demographic data
MIP Fund Accounting
Paycor
7.9
Employment history
MIP Fund Accounting
Paycor
7.7
Job profiles and administration
MIP Fund Accounting
Paycor
7.9
Workflow for transfers, promotions, pay raises, etc.
MIP Fund Accounting
Paycor
7.2
Organizational charting
MIP Fund Accounting
Paycor
6.6
Organization and location management
MIP Fund Accounting
Paycor
6.4
Compliance data (COBRA, OSHA, etc.)
MIP Fund Accounting
Paycor
6.6

Leave and Attendance Management

MIP Fund Accounting
Paycor
6.7
Approval workflow
MIP Fund Accounting
Paycor
7.1
Balance details
MIP Fund Accounting
Paycor
6.9
Annual carry-forward and encashment
MIP Fund Accounting
Paycor
6.2

Employee Self Service

MIP Fund Accounting
Paycor
7.8
View and generate pay and benefit information
MIP Fund Accounting
Paycor
7.9
Update personal information
MIP Fund Accounting
Paycor
7.6
View company policy documentation
MIP Fund Accounting
Paycor
7.6
Employee recognition
MIP Fund Accounting
Paycor
8.4
View job history
MIP Fund Accounting
Paycor
7.5

Asset Management

MIP Fund Accounting
Paycor
5.7
Tracking of all physical assets
MIP Fund Accounting
Paycor
5.7

HR Reporting

MIP Fund Accounting
Paycor
5.9
Report builder
MIP Fund Accounting
Paycor
5.6
Pre-built reports
MIP Fund Accounting
Paycor
6.6
Ability to combine HR data with external data
MIP Fund Accounting
Paycor
5.5

Onboarding

MIP Fund Accounting
Paycor
7.4
New hire portal
MIP Fund Accounting
Paycor
7.7
Manager tracking tools
MIP Fund Accounting
Paycor
7.2

Performance and Goals

MIP Fund Accounting
Paycor
7.4
Corporate goal setting
MIP Fund Accounting
Paycor
7.3
Individual goal setting
MIP Fund Accounting
Paycor
7.4
Line-of sight-visibility
MIP Fund Accounting
Paycor
7.3
Performance tracking
MIP Fund Accounting
Paycor
7.7

Performance Management

MIP Fund Accounting
Paycor
6.9
Performance plans
MIP Fund Accounting
Paycor
6.9
Performance improvement plans
MIP Fund Accounting
Paycor
6.7
Review status tracking
MIP Fund Accounting
Paycor
6.9
Review reminders
MIP Fund Accounting
Paycor
7.3
Multiple review frequency
MIP Fund Accounting
Paycor
6.8

Succession Planning

MIP Fund Accounting
Paycor
9.1
Candidate search
MIP Fund Accounting
Paycor
9.1

Recruiting / ATS

MIP Fund Accounting
Paycor
7.9
Job Requisition Management
MIP Fund Accounting
Paycor
7.2
Company Website Posting
MIP Fund Accounting
Paycor
7.6
Publish to Social Media
MIP Fund Accounting
Paycor
7.5
Job Search Site Posting
MIP Fund Accounting
Paycor
7.4
Duplicate Candidate Prevention
MIP Fund Accounting
Paycor
7.1
Applicant Tracking
MIP Fund Accounting
Paycor
7.7
Notifications and Alerts
MIP Fund Accounting
Paycor
7.4

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

Paycor

  • Their payroll and HRIS system is very easy to learn
  • The applicant tracking system is easy to use and has a lot of neat features
  • The mobile app is easy
  • Their system is able to handle our weird vacation system
  • Their assistance with writing new and updating handbooks was very easy to use
Anonymous | 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

Paycor

  • Customer service - extremely long phone hold times, and 2wk response times for email inquiries. Received conflicting instructions and advice, so we make decisions based on a rep's instruction and then the next rep advises us that we have to do it a different way.
  • Implementation - we were advised that the 6-wk lead-time to transition payroll was adequate and yet, they were still actively configuring the account up to the business day prior to us processing our first payroll, leaving essentially ZERO time for training, auditing, etc. We were also told - in writing - that we'd have a dedicated implementation team for 6mos following transition, but oops, the salesman was just wrong about that, so despite implementation never being fully completed or audited, the implementation team pushed us through.
  • Training - there was essentially no training due to the fact that the system wasn't ready for us prior to us having to process payroll. Their "help" feature on the website is cumbersome and difficult to navigate. We'll often read their "guides" and the instructions seem outdated (they describe page layouts that differ from what we see).
  • Account Configurations - we expressed that our goal was to streamline the self-onboarding process and employee file self-maintenance, but employees were telling us that they couldn't adjust any of their personal info online or make tax form updates. After numerous attempts to read help guides, watch videos, we finally got clarification and were told that we have to "turn on" those features and functionality. So, they'll sell you on features that they never actually activate for you and never provide any training on, so bottom line.... GOOD LUCK actually knowing what's available or how to use it!
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

Paycor

Paycor 8.5
Based on 10 answers
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.
Anonymous | TrustRadius Reviewer

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

Paycor

Paycor 7.0
Based on 176 answers
The Paycor portal is a very clean website, easy to get into and do a wide array of tasks. It's easy for a non-financial person like me to "get" what I need to do, and just do it. It has some very robust features for the CPAs and financial professionals, but I don't have to deal with those if it's over my head; their customer support people will tell me what I need to do
Randall Putala | TrustRadius Reviewer

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

Paycor

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

Paycor

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

Paycor

Paycor 4.0
Based on 89 answers
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.
Anonymous | TrustRadius Reviewer

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

Paycor

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

Paycor

No score
No answers yet
No answers on this topic

Implementation Rating

MIP Fund Accounting

MIP Fund Accounting 3.8
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

Paycor

Paycor 8.9
Based on 30 answers
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.
Susan Dudek | TrustRadius Reviewer

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

Paycor

Paycor offers far more personalized support to users and customers than the previous systems. In comparison, I felt like a number and the customer service was awful; the people you spoke with seemed just as miserable to work there as you were having to call them. Paycor's team is always upbeat, energetic, and happy to help. Paycor cares about updating their system to meet the needs of customers. With the others, it felt like they made updates to just suit what they wanted out of their system regardless of their customers. ADP was unnecessarily overly complicated; our employees struggled with the ESS, our HR team had so many challenges they were on the phone constantly with ADP and ADP's own staff struggled to use their system and were constantly putting us on hold or transferring us to find someone more knowledgeable. With Paycor, we have a specific contact for each product and that individual is highly knowledgeable about that product and gets us the response we need quickly and accurately.
Tiffany Kramer | 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

Paycor

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

Paycor

  • My payroll used to take three days to complete. Now it takes only a few minutes.
  • My employees have more information at their fingertips. They can see their hours, they can reference HR materials and they can get check stubs.
  • All I-9s are electronic, and I'm sure to have one for every person.
Catherine Haener CPA, PHR | 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

Paycor

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
Paycor
6.2

Likelihood to Renew

MIP Fund Accounting
9.7
Paycor
8.5

Usability

MIP Fund Accounting
7.9
Paycor
7.0

Reliability and Availability

MIP Fund Accounting
10.0
Paycor

Performance

MIP Fund Accounting
10.0
Paycor

Support Rating

MIP Fund Accounting
8.1
Paycor
4.0

In-Person Training

MIP Fund Accounting
8.0
Paycor

Online Training

MIP Fund Accounting
4.0
Paycor

Implementation Rating

MIP Fund Accounting
3.8
Paycor
8.9

Scalability

MIP Fund Accounting
9.0
Paycor

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