MIP Fund Accounting Reviews

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619 Ratings
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Score 7.9 out of 100

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Reviews (1-25 of 37)

Maryann Freepartner | TrustRadius Reviewer
Score 8 out of 10
Vetted Review
Verified User
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Future Planned Uses

  • We have not yet tapped the features that could provide a paperless system for accounts payable. With the attachments features, there may be a future possibility to eliminate the files of paid bills we currently maintain.
  • Setup of electronic bill paying. We have not moved forward to implement these features and instead use either paper checks or pay through vendor portals.
  • Purchasing and requisitions. We are still using a paper system for requests and purchases orders through receipts and bill payment.
Read Maryann Freepartner's full review
Jacien Squires | TrustRadius Reviewer
Score 5 out of 10
Vetted Review
Verified User
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Future Planned Uses

  • There is a timesheet module that employees can use to enter their work time directly into the system, instead of using traditional time sheets or punch clocks.
  • The system can be setup to send pay stubs and w-2's directly to employees, instead of printing and mailing.
  • The Executive View module allows managers to log in and generate their own reports without needing to have accounting staff run the reports for them.
Read Jacien Squires's full review
Zimran Azim | TrustRadius Reviewer
February 13, 2017

It's worth a million

Score 7 out of 10
Vetted Review
Verified User
Review Source

Future Planned Uses

  • Get it hooked up with our receivable system and get it posted.
  • We have a receivable system and we want it to interface.
  • We also have a check in system which we would like to integrate with time sheets.
Read Zimran Azim's full review

Feature Scorecard Summary

Pay calculation (122)
8.5
Benefit plan administration (87)
6.4
Direct deposit files (103)
8.7
Salary revision and increment management (93)
7.3
Reimbursement management (72)
6.7
API for custom integration (76)
7.3
Plug-ins (50)
7.9
Single sign-on capability (221)
8.9
Role-based user permissions (268)
9.1
Dashboards (152)
7.4
Standard reports (289)
8.2
Custom reports (282)
8.1
Accounts payable (301)
8.5
Accounts receivable (211)
8.3
Cash management (193)
8.0
Bank reconciliation (269)
8.5
Expense management (214)
8.5
Time tracking (79)
6.8
Fixed asset management (127)
7.8
Multi-currency support (31)
7.9
Multi-division support (118)
8.8
Regulations compliance (91)
8.7
Electronic tax filing (143)
8.4
Self-service portal (91)
7.7
Standardized Processes (16)
7.2
Inventory tracking (1)
7.3
Automatic reordering (1)
1
Location management (2)
7.7
Manufacturing module (1)
1
Pricing (50)
6.4
Order entry (51)
7.3
Credit card processing (2)
2.5
Cost of goods sold (2)
2.7

About MIP Fund Accounting

MIP Fund Accounting™ is a configurable fund accounting solution that allows you to report and track information that is most important to you, your board and your supporters. According to the vendor, the solution can change and grow with you through your most difficult of fund accounting, human capital management and payroll decisions alike.

MIP Fund Accounting™ exclusively serves the financial management and fund accounting needs for thousands of nonprofits and government agencies. MIP™ has received the Campbell Award for several years in a row. The company focuses on your long-term needs, and allows you to custom design your system to enable you to manage effectively, get timely information, streamline processes and provide strong controls.

MIP™ is a fully integrated system with comprehensive functionality including fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, dashboards, and more. The flexible structure enables you to manage and report on multiple cost centers at the general ledger level including multiple organizations, funds, projects, grants, programs, departments, locations, etc. The product can be deployed on-premise, in the cloud or self-hosted. Separately, you choose whether you would like to purchase/own the system or if you would like to pay by subscription.

MIP Fund Accounting Features

General Ledger and Configurable Accounting Features
Has featureAccounts payable
Has featureAccounts receivable
Has featureCash management
Has featureBank reconciliation
Has featureExpense management
Has featureTime tracking
Has featureFixed asset management
Has featureMulti-currency support
Has featureMulti-division support
Has featureRegulations compliance
Has featureElectronic tax filing
Has featureSelf-service portal
Does not have featureGlobal Financial Support
Does not have featurePrimary and Secondary Ledgers
Does not have featureIntercompany Accounting
Does not have featureLocalizations
Does not have featureJournals and Reconciliations
Does not have featureEnterprise Accounting
Does not have featureConfigurable Accounting
Does not have featureCentralized Rules Framework
Has featureStandardized Processes
Inventory Management Features
Does not have featureInventory tracking
Does not have featureAutomatic reordering
Does not have featureLocation management
Does not have featureManufacturing module
Order Management Features
Has featurePricing
Has featureOrder entry
Does not have featureCredit card processing
Does not have featureCost of goods sold
Does not have featureOrder Orchestration
Does not have featureEnd-to-end order visibility
Does not have featureOrder exception Resolution
Payroll Management Features
Has featurePay calculation
Has featureBenefit plan administration
Has featureDirect deposit files
Has featureSalary revision and increment management
Has featureReimbursement management
Reporting & Analytics Features
Has featureDashboards
Has featureStandard reports
Has featureCustom reports
Customization Features
Has featureAPI for custom integration
Has featurePlug-ins
Security Features
Has featureRole-based user permissions
Has featureSingle sign-on capability
Does not have featureMulti-factor authentication
Has featureUser-level audit trail

MIP Fund Accounting Screenshots

MIP Fund Accounting Competitors

MIP Fund Accounting Support Options

 Paid Version
Phone
Live Chat
Email
Forum/Community
FAQ/Knowledgebase
Social Media
Video Tutorials / Webinar

MIP Fund Accounting Technical Details

Deployment Types:On-premise, SaaS
Operating Systems: Windows
Mobile Application:No