MIP Fund Accounting vs. Power BI For Office 365 (discontinued)

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MIP Fund Accounting
Score 8.8 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.N/A
Power BI For Office 365 (discontinued)
Score 8.4 out of 10
N/A
Power BI for Office 365 allowed users to model and analyze data, and query large datasets with complex natural language queries. It has been discontinued in favor of other editions of Power BI going forward.N/A
Pricing
MIP Fund AccountingPower BI For Office 365 (discontinued)
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
MIP Fund AccountingPower BI For Office 365 (discontinued)
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
MIP Fund AccountingPower BI For Office 365 (discontinued)
Features
MIP Fund AccountingPower BI For Office 365 (discontinued)
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
MIP Fund Accounting
-
Ratings
Power BI For Office 365 (discontinued)
9.0
11 Ratings
10% above category average
Pixel Perfect reports00 Ratings9.010 Ratings
Customizable dashboards00 Ratings8.011 Ratings
Report Formatting Templates00 Ratings10.08 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
MIP Fund Accounting
-
Ratings
Power BI For Office 365 (discontinued)
9.5
11 Ratings
17% above category average
Drill-down analysis00 Ratings9.011 Ratings
Formatting capabilities00 Ratings9.011 Ratings
Integration with R or other statistical packages00 Ratings10.06 Ratings
Report sharing and collaboration00 Ratings10.011 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
MIP Fund Accounting
-
Ratings
Power BI For Office 365 (discontinued)
9.5
11 Ratings
14% above category average
Publish to Web00 Ratings10.011 Ratings
Publish to PDF00 Ratings10.010 Ratings
Report Versioning00 Ratings9.06 Ratings
Report Delivery Scheduling00 Ratings9.64 Ratings
Delivery to Remote Servers00 Ratings8.73 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
MIP Fund Accounting
-
Ratings
Power BI For Office 365 (discontinued)
10.0
11 Ratings
23% above category average
Pre-built visualization formats (heatmaps, scatter plots etc.)00 Ratings10.010 Ratings
Location Analytics / Geographic Visualization00 Ratings10.011 Ratings
Predictive Analytics00 Ratings10.08 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
MIP Fund Accounting
-
Ratings
Power BI For Office 365 (discontinued)
9.8
10 Ratings
14% above category average
Multi-User Support (named login)00 Ratings10.010 Ratings
Role-Based Security Model00 Ratings9.08 Ratings
Multiple Access Permission Levels (Create, Read, Delete)00 Ratings10.09 Ratings
Single Sign-On (SSO)00 Ratings10.05 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
MIP Fund Accounting
-
Ratings
Power BI For Office 365 (discontinued)
9.5
10 Ratings
19% above category average
Responsive Design for Web Access00 Ratings10.010 Ratings
Mobile Application00 Ratings9.09 Ratings
Dashboard / Report / Visualization Interactivity on Mobile00 Ratings10.09 Ratings
Application Program Interfaces (APIs) / Embedding
Comparison of Application Program Interfaces (APIs) / Embedding features of Product A and Product B
MIP Fund Accounting
-
Ratings
Power BI For Office 365 (discontinued)
7.8
3 Ratings
1% above category average
REST API00 Ratings9.02 Ratings
Javascript API00 Ratings8.02 Ratings
iFrames00 Ratings8.01 Ratings
Java API00 Ratings8.01 Ratings
Themeable User Interface (UI)00 Ratings7.02 Ratings
Customizable Platform (Open Source)00 Ratings7.02 Ratings
Best Alternatives
MIP Fund AccountingPower BI For Office 365 (discontinued)
Small Businesses
QuickBooks Online
QuickBooks Online
Score 8.3 out of 10
BrightGauge
BrightGauge
Score 8.9 out of 10
Medium-sized Companies
Sage Intacct
Sage Intacct
Score 8.6 out of 10
Reveal
Reveal
Score 10.0 out of 10
Enterprises

No answers on this topic

Kyvos Insights
Kyvos Insights
Score 9.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
MIP Fund AccountingPower BI For Office 365 (discontinued)
Likelihood to Recommend
8.9
(435 ratings)
8.0
(15 ratings)
Likelihood to Renew
9.4
(132 ratings)
9.2
(4 ratings)
Usability
8.5
(103 ratings)
9.0
(1 ratings)
Availability
9.9
(15 ratings)
-
(0 ratings)
Performance
8.6
(92 ratings)
-
(0 ratings)
Support Rating
8.6
(100 ratings)
9.0
(1 ratings)
In-Person Training
10.0
(9 ratings)
-
(0 ratings)
Online Training
8.0
(7 ratings)
-
(0 ratings)
Implementation Rating
6.1
(28 ratings)
-
(0 ratings)
Configurability
8.5
(8 ratings)
-
(0 ratings)
Ease of integration
9.2
(14 ratings)
-
(0 ratings)
Product Scalability
8.2
(15 ratings)
-
(0 ratings)
Vendor post-sale
9.4
(13 ratings)
-
(0 ratings)
Vendor pre-sale
8.7
(13 ratings)
-
(0 ratings)
User Testimonials
MIP Fund AccountingPower BI For Office 365 (discontinued)
Likelihood to Recommend
Momentive Software
MIP Fund Accounting works very well for general fundraising. The form creation process is easy and allows you to set parameters and add fees, quantities, images, etc. This process is smooth on the customer (forward-facing) side as well. Reports are generated once the transactions have gone through, making tracking and reconciliation with accounting easy.
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Discontinued Products
If you're already using Office 365, Power BI for O365 is an easy choice. Start playing around with the free version and then easily add individual Pro licenses with little risk. However, if you anticipate using this with many users, it can get expensive quickly.
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Pros
Momentive Software
  • Easy to obtain check register for select periods
  • Easy to do bank reconciliations
  • Easy to log in for remote work, for anywhere I need to access it from!
  • Easy to pull vendor, chart of accounts and other pertinent information, also easy to add information to those sections.
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Discontinued Products
  • Easy to make visual dashboards from SQL queries. Previously we had to use a third party application that had to run on a web server that was so complex to setup and run. PowerBI removes all that.
  • Ability to control who/which group has access to each dashboard or report. Ties in well with the rest of the Office 365 ecosystem.
  • Has many connectors to allow pulling data from various systems, both onsite (via gateway) or external (via APIs), and join the data to create a report/dashboard.
  • Ability to show data but also export the data, if permitted.
  • Easy to show PowerBI dashboards on SharePoint or on other websites via embedded code.
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Cons
Momentive Software
  • With the payroll process, if there is an error in sending the stubs through email, there is no option to resend without a restore. That really needs to change.
  • Being able to void encumbrance at the same time as a PO would be an incredible time saver.
  • When processing W2 the system deletes info.
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Discontinued Products
  • Licensing: Currently, Microsoft has a fixed pricing model for Office 365 users, regardless of role/function of the user. Most organizations have a small number of "power users" that create usable content and many more "consumers" that simply view/run reports created by power users. Microsoft does not differentiate between these users, and thus the pricing limits organizations from large deployments of the software.
  • Version incompatibility: Excel 2010 and 2013 workbooks are compatible with each other. However, workbooks created in 2010 that include PowerPivot databases must be upgraded to 2013 format to run in 2013. Subsequently, you cannot open these upgraded PowerPivot workbooks in 2010. This requires ALL users to be on the same version.
  • Visualization: Excel charting with PowerPivot workbooks is adequate for many users. Power View also contains a number of GREAT visualizations, including animated bubble charts and a very flexible dashboard/report design canvas. However, compared to some of the other self-service BI solutions, it is still limited in its visualization capabilities.
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Likelihood to Renew
Momentive Software
I give MIP a 10 because Our organization use MIP Fund Accounting ever since I've been there and that's been for over 20 plus years for all of our accounting and payroll. MIP has stayed on the cutting edge of technology, ever evolving to meet the needs of the times, especially post pandemic, while many are working remotely! MIP support staff are very knowledgeable and efficient. Even new users can get up to speed quickly with MIP Fund Accounting.
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Discontinued Products
I will continue to recommend this suite to folks looking for a reporting and analytics solution, as I find in MOST cases, it's great at meeting almost every requirement I've been given by a multitude of clients across a range of industries. I've built Capacity Planning solutions that allowed end user input which was then submitted to SharePoint, Executive Dashboards, custom applications, simple analytical tools for teams to easily slice and dice data, and super simple reports as well as some very complicated ones. If you haven't seen the demos online, do a search, and see for yourself - this is a great BI suite! (I do not work for Microsoft, although I do consult out there from time to time. I do occasionally make a recommendation for a different BI reporting tool, but in general, find Excel can accomplish quite a bit for less money and in less time.)
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Usability
Momentive Software
I have used this system for about 12 years now and I still learning how to use it. It always surprises me how there is another report to learn to achieve my data reporting goals. It is great to have a system that you have used long enough to feel comfortable with but also a system that allows you to learn new ways to report and enter data into the system
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Discontinued Products
We are satisfied with the functionality and capabilities of Power BI. Product is cost effective and full-fill the reporting requirements of the organization. You can perform most of the report level complex analysis with the help of DAX which makes Power BI very powerful analytic tool. Power BI for Office 365 has gone away and Power BI is the next evolution of it. Power BI comes with your Office 365 E5 subscription or you can purchase licensing for it separately.
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Reliability and Availability
Momentive Software
I have rarely encountered any issues accessing MIP Fund Accounting over the years. On the rare occasions when availability was interrupted, the reasons were always found in-house when using the on-premises version. Since we have migrated to the MIP cloud, we have had no issues with availability. Any maintenance or updates are always communicated to us and are usually done outside of business hours.
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Discontinued Products
No answers on this topic
Performance
Momentive Software
We have 18 programs and the CFO has the ability through MIP Fund Accounting to generate separate and/or collective reporting for those programs. Each program has its own grant or funding source. Each has its own reporting guidelines that must be met so the ability to run reporting separately or collectively is a plus.
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Discontinued Products
No answers on this topic
Support Rating
Momentive Software
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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Discontinued Products
as of now there is strong community for Power BI, you can get solution for most of your problems from there. Also you can send your error to Microsoft as well. After every 15 days they release updates to overcome all the issues of defects.
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In-Person Training
Momentive Software
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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Discontinued Products
No answers on this topic
Online Training
Momentive Software
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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Discontinued Products
No answers on this topic
Implementation Rating
Momentive Software
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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Discontinued Products
No answers on this topic
Alternatives Considered
Momentive Software
I've utilized other ERP accounting software like Infor, NetSuite, and MS Dynamics, to name a few. MIP Fund Accounting offers flexibility and room for growth while not being overly heavy on your team to maintain it. And, we're now learning more about the add-on's and more advanced capabilities to leverage with our team.
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Discontinued Products
Oracle was nice, super expensive to implement if it's not in use already. JobDiva is choppy and heavy on the system while does not give great reports. Salesforce is good; remote access is good however their support is terrible
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Scalability
Momentive Software
The flexibility to create certain features are helpful and are designed to be easier on MIP Accounting Cloud. It has been easier than the MIP Accounting classic version. I may have not fully utilized the software to deploy across multiple departments other than generating revenue reports or expenses. As well as developing budget worksheets for our departments. Which are great as it is, but have not gone farther than that.
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Discontinued Products
No answers on this topic
Return on Investment
Momentive Software
  • We converted to the cloud version a few years ago to reduce our dependency on a dedicated internal IT server which needed to be replaced. The cost of the product switched to a monthly fee which increased cost somewhat but probably is matched with IT savings over time in doing upgrades.
  • We have an efficient team of two people doing the transactional work, so we don't really have much incentive to further automate our processes. And with the turnover in the CFO position we have had, has helped us maintain consistency in our processing.
  • Once I learned how to memorize and recall transactions it was a huge timesaver and increased the accuracy and consistency of our entry.
  • The cost of training is sometimes prohibitive. Example is my accounting clerk MIGHT benefit from additional training but at about $200 for a lot of the courses, it is more than we have budgeted.
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Discontinued Products
  • As a Microsoft Partner implementing Business Intelligence solutions, Power BI has removed the barrier for our clients to begin the "BI journey". So often, projects get hung up in that early phase of procuring and installing/configuring expensive hardware and software. Just simply getting started and designing a beginning solution has allowed our clients to see results in 1-2 weeks using their data that might have taken months to achieve otherwise.
  • One significant ROI example is process improvement. In many cases, individuals or teams are spending days each month gathering data from multiple sources for reporting to their constituents. We are reducing these times to minutes by automating many of the data collection and integration processes that were previously manual.
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ScreenShots

MIP Fund Accounting Screenshots

Screenshot of MIP Advance™ Dashboards with drilldownScreenshot of MIP™ Transactions WorkflowScreenshot of MIP DashboardsScreenshot of MIP DashboardsScreenshot of MIP Dashboard drilldownScreenshot of MIP Transactions