What users are saying about
<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener'>Customer Verified: Read more.</a>
Top Rated
714 Ratings

MIP Fund Accounting

<a href='https://www.trustradius.com/static/about-trustradius-scoring#question3' target='_blank' rel='nofollow noopener'>Customer Verified: Read more.</a>
Top Rated
714 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 8.2 out of 100
3 Ratings
<a href='https://www.trustradius.com/static/about-trustradius-scoring' target='_blank' rel='nofollow noopener'>trScore algorithm: Learn more.</a>
Score 10 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

Peakon, from Workday

Peakon is a great solution whether you are thinking of pulsing your employees weekly, monthly, or even yearly. The solution provides great dashboards, easy reporting, on the fly segmentation creation, and ways to really dive deep into your people data. I think it's a bit expensive for very early-stage companies, so I would love to see them create a startup/early-stage version or pricing because it has become an invaluable tool for any size company.
Anonymous | TrustRadius Reviewer

Feature Rating Comparison

Payroll Management

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

Customization

MIP Fund Accounting
7.7
Peakon, from Workday
API for custom integration
MIP Fund Accounting
7.9
Peakon, from Workday
Plug-ins
MIP Fund Accounting
7.5
Peakon, from Workday

Security

MIP Fund Accounting
8.5
Peakon, from Workday
Single sign-on capability
MIP Fund Accounting
8.5
Peakon, from Workday
Role-based user permissions
MIP Fund Accounting
8.4
Peakon, from Workday

Reporting & Analytics

MIP Fund Accounting
8.0
Peakon, from Workday
Dashboards
MIP Fund Accounting
7.5
Peakon, from Workday
Standard reports
MIP Fund Accounting
8.4
Peakon, from Workday
Custom reports
MIP Fund Accounting
8.2
Peakon, from Workday

General Ledger and Configurable Accounting

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

Inventory Management

MIP Fund Accounting
4.5
Peakon, from Workday
Inventory tracking
MIP Fund Accounting
8.0
Peakon, from Workday
Automatic reordering
MIP Fund Accounting
1.0
Peakon, from Workday
Location management
MIP Fund Accounting
8.2
Peakon, from Workday
Manufacturing module
MIP Fund Accounting
1.0
Peakon, from Workday

Order Management

MIP Fund Accounting
4.5
Peakon, from Workday
Pricing
MIP Fund Accounting
5.9
Peakon, from Workday
Order entry
MIP Fund Accounting
7.3
Peakon, from Workday
Credit card processing
MIP Fund Accounting
2.3
Peakon, from Workday
Cost of goods sold
MIP Fund Accounting
2.5
Peakon, from Workday

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

Peakon, from Workday

  • Peakon looks beautiful and feels very light, which is comforting when you're (potentially) giving negative feedback and feel anxious. The emails are friendly and the survey is super clean.
  • The surveys are very easy to navigate. You can answer as many or as few questions as you like, skipping forward and backward, and choosing to provide comments when you want. It's low pressure and feels flexible.
  • The HR department is able to respond to your comments. You can then have a back and forth conversation while remaining anonymous. This really helps employees further explain and contextualize their survey comments without identifying themselves personally.
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

Peakon, from Workday

  • The only major issue is the integrations factor. I wish there was more integrations work from HRMS core systems or even other dashboard solutions.
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

Peakon, from Workday

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

Peakon, from Workday

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

Peakon, from Workday

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

Peakon, from Workday

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

Peakon, from Workday

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

Peakon, from Workday

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

Peakon, from Workday

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

Peakon, from Workday

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

Peakon, from Workday

SurveyMonkey is a great survey tool that also allows responders to stay anonymous, but I think Peakon is more effective for corporate feedback. It offers more reports and analytics specifically for HR and feels more professional. We often use SurveyMonkey for more lighthearted surveys (e.g., what to eat for team lunch) while keeping Peakon for employee feedback.
Anonymous | 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

Peakon, from Workday

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

Peakon, from Workday

  • When we moved to WFH due to COVID, we use Peakon a regular basis to understand what employees are thinking. We lost the serendipity of talking to people during chance encounters in the office, Peakon has replaced those conversations.
  • We saw an incredible year in spite of COVID, while there are so many internal and external factors contributing to that success, we can see that having engaged and happy employees has an impact on our business. We also see what happens when they are not engaged or happy.
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

Peakon, from Workday

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
Peakon, from Workday
10.0

Likelihood to Renew

MIP Fund Accounting
9.7
Peakon, from Workday

Usability

MIP Fund Accounting
7.9
Peakon, from Workday

Reliability and Availability

MIP Fund Accounting
10.0
Peakon, from Workday

Performance

MIP Fund Accounting
10.0
Peakon, from Workday

Support Rating

MIP Fund Accounting
8.1
Peakon, from Workday

In-Person Training

MIP Fund Accounting
8.0
Peakon, from Workday

Online Training

MIP Fund Accounting
4.0
Peakon, from Workday

Implementation Rating

MIP Fund Accounting
3.8
Peakon, from Workday

Scalability

MIP Fund Accounting
9.0
Peakon, from Workday

Add comparison