What users are saying about
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95 Ratings
620 Ratings
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Score 7.9 out of 100

Paylocity

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95 Ratings
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Score 7 out of 100

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 | TrustRadius Reviewer

Paylocity

We have a large and complicated payroll process which we were very excited that Paylocity was equipped to handle as long as we upload our payroll correctly. It is not, however, equipped to track these complex structures within the system because bonus metrics have to be tied to the position rather than the employee. Because of this, we have to use clunky custom fields with limited functionality
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

MIP Fund Accounting
7.6
Paylocity
7.1
Pay calculation
MIP Fund Accounting
8.4
Paylocity
7.8
Benefit plan administration
MIP Fund Accounting
6.4
Paylocity
7.2
Direct deposit files
MIP Fund Accounting
8.8
Paylocity
8.5
Salary revision and increment management
MIP Fund Accounting
7.4
Paylocity
7.9
Reimbursement management
MIP Fund Accounting
6.8
Paylocity
8.5
Support for external payroll vendors
MIP Fund Accounting
Paylocity
6.7
Off-cycle/On-Demand payment
MIP Fund Accounting
Paylocity
3.5

Customization

MIP Fund Accounting
7.3
Paylocity
API for custom integration
MIP Fund Accounting
6.8
Paylocity
Plug-ins
MIP Fund Accounting
7.7
Paylocity

Security

MIP Fund Accounting
9.1
Paylocity
Single sign-on capability
MIP Fund Accounting
9.0
Paylocity
Role-based user permissions
MIP Fund Accounting
9.2
Paylocity

Reporting & Analytics

MIP Fund Accounting
8.1
Paylocity
Dashboards
MIP Fund Accounting
7.6
Paylocity
Standard reports
MIP Fund Accounting
8.3
Paylocity
Custom reports
MIP Fund Accounting
8.2
Paylocity

General Ledger and Configurable Accounting

MIP Fund Accounting
8.1
Paylocity
Accounts payable
MIP Fund Accounting
8.5
Paylocity
Accounts receivable
MIP Fund Accounting
8.4
Paylocity
Cash management
MIP Fund Accounting
7.9
Paylocity
Bank reconciliation
MIP Fund Accounting
8.5
Paylocity
Expense management
MIP Fund Accounting
8.5
Paylocity
Time tracking
MIP Fund Accounting
6.8
Paylocity
Fixed asset management
MIP Fund Accounting
7.8
Paylocity
Multi-currency support
MIP Fund Accounting
8.0
Paylocity
Multi-division support
MIP Fund Accounting
8.8
Paylocity
Regulations compliance
MIP Fund Accounting
8.8
Paylocity
Electronic tax filing
MIP Fund Accounting
8.6
Paylocity
Self-service portal
MIP Fund Accounting
7.6
Paylocity
Standardized Processes
MIP Fund Accounting
7.1
Paylocity

Inventory Management

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

Order Management

MIP Fund Accounting
4.8
Paylocity
Pricing
MIP Fund Accounting
6.5
Paylocity
Order entry
MIP Fund Accounting
7.4
Paylocity
Credit card processing
MIP Fund Accounting
2.5
Paylocity
Cost of goods sold
MIP Fund Accounting
2.7
Paylocity

Human Resource Management

MIP Fund Accounting
Paylocity
7.4
Employee demographic data
MIP Fund Accounting
Paylocity
7.8
Employment history
MIP Fund Accounting
Paylocity
7.5
Job profiles and administration
MIP Fund Accounting
Paylocity
7.6
Workflow for transfers, promotions, pay raises, etc.
MIP Fund Accounting
Paylocity
7.4
Organizational charting
MIP Fund Accounting
Paylocity
6.8
Organization and location management
MIP Fund Accounting
Paylocity
7.4
Compliance data (COBRA, OSHA, etc.)
MIP Fund Accounting
Paylocity
7.0

Leave and Attendance Management

MIP Fund Accounting
Paylocity
7.9
Approval workflow
MIP Fund Accounting
Paylocity
8.1
Balance details
MIP Fund Accounting
Paylocity
7.7
Annual carry-forward and encashment
MIP Fund Accounting
Paylocity
8.0

Employee Self Service

MIP Fund Accounting
Paylocity
8.1
View and generate pay and benefit information
MIP Fund Accounting
Paylocity
8.1
Update personal information
MIP Fund Accounting
Paylocity
8.7
View company policy documentation
MIP Fund Accounting
Paylocity
7.7
Employee recognition
MIP Fund Accounting
Paylocity
8.5
View job history
MIP Fund Accounting
Paylocity
7.6

Asset Management

MIP Fund Accounting
Paylocity
8.7
Tracking of all physical assets
MIP Fund Accounting
Paylocity
8.7

HR Reporting

MIP Fund Accounting
Paylocity
6.1
Report builder
MIP Fund Accounting
Paylocity
6.3
Pre-built reports
MIP Fund Accounting
Paylocity
6.4
Ability to combine HR data with external data
MIP Fund Accounting
Paylocity
5.7

Onboarding

MIP Fund Accounting
Paylocity
7.2
New hire portal
MIP Fund Accounting
Paylocity
7.0
Manager tracking tools
MIP Fund Accounting
Paylocity
7.3

Performance and Goals

MIP Fund Accounting
Paylocity
7.4
Corporate goal setting
MIP Fund Accounting
Paylocity
6.9
Individual goal setting
MIP Fund Accounting
Paylocity
7.4
Line-of sight-visibility
MIP Fund Accounting
Paylocity
7.6
Performance tracking
MIP Fund Accounting
Paylocity
7.9

Performance Management

MIP Fund Accounting
Paylocity
7.5
Performance plans
MIP Fund Accounting
Paylocity
6.8
Performance improvement plans
MIP Fund Accounting
Paylocity
7.4
Review status tracking
MIP Fund Accounting
Paylocity
7.5
Review reminders
MIP Fund Accounting
Paylocity
7.7
Multiple review frequency
MIP Fund Accounting
Paylocity
8.3

Succession Planning

MIP Fund Accounting
Paylocity
7.3
Create succession plans/pools
MIP Fund Accounting
Paylocity
6.5
Candidate ranking
MIP Fund Accounting
Paylocity
7.5
Candidate search
MIP Fund Accounting
Paylocity
7.8
Candidate development
MIP Fund Accounting
Paylocity
7.2

Recruiting / ATS

MIP Fund Accounting
Paylocity
7.8
Job Requisition Management
MIP Fund Accounting
Paylocity
6.4
Company Website Posting
MIP Fund Accounting
Paylocity
8.7
Publish to Social Media
MIP Fund Accounting
Paylocity
8.2
Job Search Site Posting
MIP Fund Accounting
Paylocity
8.2
Duplicate Candidate Prevention
MIP Fund Accounting
Paylocity
8.2
Applicant Tracking
MIP Fund Accounting
Paylocity
7.2
Notifications and Alerts
MIP Fund Accounting
Paylocity
7.9

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 | TrustRadius Reviewer

Paylocity

  • It has a very cool and easy to use recognition function called impressions. Instead of a simple instant message or email saying thank you, you can offer an impression saying thanks that can be categorized and made public the rest of the company when they access Paylocity. It's just a cool function that spreads thanks and engagement across the organization with little cost and effort.
  • The self service portal for employees is easy to use as well. If you need to access vacation accrual and balances, PTO requests, pay check stubs, pay information, need to change your address or name, etc. it's very easy to find and navigate. You don't need to dig or click everywhere.
  • The journal entry function is useful too for 1:1 meetings or check in meetings for manages and their direct reports. It gives an easy module to record notes, discuss topics, attach documents, or make notes of items that need to be followed up on. Not everyone here uses it, but it does help organize meetings and keep them on track.
Anonymous | TrustRadius Reviewer

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 | TrustRadius Reviewer

Paylocity

  • The on-boarding area could be a bit less tedious- starting a new hire from recruit to hire is a bit tedious but you get used to it
  • The time clocks need to be hardwired to a running computer at all times- very old technology, even ADP lets us hardwire it to our network (so we do not have to rely on our clocks running on computer)
Suzy Vera, MBA | TrustRadius Reviewer

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 | TrustRadius Reviewer

Paylocity

Paylocity 9.2
Based on 6 answers
The transition from my old provider to Paylocity was virtually painless. I always felt well supported by my account rep. I would use Paylocity again, but I'm not in a position to change providers at my current company right now.
Anonymous | TrustRadius Reviewer

Usability

MIP Fund Accounting

MIP Fund Accounting 8.0
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 | TrustRadius Reviewer

Paylocity

Paylocity 8.0
Based on 3 answers
Paylocity provides a friendly user experience with large icons on the web interface to allow ease of use. There has hardly ever been an outage on the website; the uptime is superb! Our employees provide positive feedback on their experience with using Paylocity as their time, benefits, and payroll provider.
Kirk Lewis | TrustRadius Reviewer

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 | TrustRadius Reviewer

Paylocity

Paylocity 9.0
Based on 1 answer
Solid network - down for upgrades at late hours during the weekend when I am definitely not in the system to use it. Even if I was, they provide excellent advance notice.
Anonymous | TrustRadius Reviewer

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 | TrustRadius Reviewer

Paylocity

Paylocity 5.0
Based on 1 answer
It's so manual, not automated or intuitive.
Bonny O'Neill | TrustRadius Reviewer

Support Rating

MIP Fund Accounting

MIP Fund Accounting 8.2
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 | TrustRadius Reviewer

Paylocity

Paylocity 7.1
Based on 16 answers
Every time I call, their security is amazing. You have to provide company ID, your name, and your employee ID# so that they know whether or not they can speak to you or give you any information. When you have a question they are always available to walk you through whatever it is you are having trouble with. If they don't have an answer, they will take your information and get back to you in a timely manner.
Maria MARTI | 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

Paylocity

No score
No answers yet
No answers on this topic

Online Training

MIP Fund Accounting

MIP Fund Accounting 4.2
Based on 4 answers
Personalized training provided for our organization
karen hoffman | TrustRadius Reviewer

Paylocity

Paylocity 10.0
Based on 1 answer
very knowledgeable presenters for their webinars and very user friendly; you can learn at your own pace
Yolanda Dunleavy | TrustRadius Reviewer

Implementation Rating

MIP Fund Accounting

MIP Fund Accounting 5.5
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 | TrustRadius Reviewer

Paylocity

Paylocity 10.0
Based on 1 answer
The Implementation team members are very knowledgeable in their field and made this such an easier process
Yolanda Dunleavy | TrustRadius Reviewer

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 | TrustRadius Reviewer

Paylocity

The ADP platforms did not allow us as much access to our data as Paylocity. We were constantly needing to reach out to the ADP support team to run reports or fix things within the system. With Paylocity, we have significantly more access, which leads to reduced wait times and higher efficiency. Employees have also found the self-service aspect to be leaps and bounds ahead of the prior ADP system.
Jason Magill | 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

Paylocity

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 | TrustRadius Reviewer

Paylocity

  • Paylocity has permitted our company to reduce the time commitment to payroll processing and enabled our company to reduce one position in our accounting department. It has also made our Human Resources department become more effective and reduce overtime costs.
  • Paylocity's report allow for better measuring of expenses and better financial management.
  • Through Paylocity, we are better able to serve our employees with real time information and easier access to their records at their immediate disposal.
Matt Brager | TrustRadius Reviewer

Screenshots

Pricing Details

MIP Fund Accounting

General

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

Paylocity

General

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

Rating Summary

Likelihood to Recommend

MIP Fund Accounting
7.9
Paylocity
6.9

Likelihood to Renew

MIP Fund Accounting
9.2
Paylocity
9.2

Usability

MIP Fund Accounting
8.0
Paylocity
8.0

Reliability and Availability

MIP Fund Accounting
9.0
Paylocity
9.0

Performance

MIP Fund Accounting
10.0
Paylocity
5.0

Support Rating

MIP Fund Accounting
8.2
Paylocity
7.1

In-Person Training

MIP Fund Accounting
8.0
Paylocity

Online Training

MIP Fund Accounting
4.2
Paylocity
10.0

Implementation Rating

MIP Fund Accounting
5.5
Paylocity
10.0

Scalability

MIP Fund Accounting
9.0
Paylocity

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