MIP's strength lies in core accounting functions
August 24, 2015

MIP's strength lies in core accounting functions

Patti Chandler | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Software Version

2015

Modules Used

  • GL, AP, EFTforAP, Import/Export, Fixed Assets, Allocations, DrillPoint, F9

Overall Satisfaction with Abila MIP Fund Accounting

MIP is used in the business office to manage the accounting for multiple entities with multiple databases. Reports are distributed to end-user departments. MIP supports a distributed purchasing process with detailed programmatic budgets and YTD reporting. The segmented chart of accounts and ease of reporting accommodates the needs of business units, donor-endowment management, and board-management alike.

Pros

  • Segmented chart of accounts allows transactions to be recorded at all levels of accountability- corporate entity, department, program, FAS restriction, location, fiscal year, natural account, etc.
  • Reporting tools are flexible and easy to use, with multiple tools to meet more than one reporting need.
  • Correction of coding can be done within the source module, e.g. if the vendor invoice distribution requires correction, the correction can be made within the AP module so that a complete history is retained in the source module.
  • Importing is easy allowing end-users to eliminate time-consuming data entry and build integration with other systems.
  • Report binders in the scheduler are a huge time saver.

Cons

  • Allocations should allow for more than 3 segments to be utilized in the allocation.
  • Import tool should allow for integration with Excel not just CSV, leading zeros are sometimes lost if the data has to be opened in Excel.
  • Drill down on reports should be easier to view on the screen and navigate, expansion of details is cumbersome to see and navigate.
  • Budgeting should allow for spreading of budgets using historical actual patterns or models.
  • Better fiscal spending control through more granular reporting
  • Better projections which allows for better visibility and improves decision making
  • Audit savings through better reporting and transaction drill-down
  • Blackbaud Financial Edge,Fundware,Navision
MIP performs the core functions for NFP accounting with a significantly lower cost of ownership than the competition.
While MIP is not the most technologically advanced solution, it does the core accounting and business functions very well with ease for a relatively low cost of ownership. If the organization needs advanced budgeting tools, distributed interactive reporting tools, distributed purchasing control or grantee application and tracking then MIP may not meet these specific needs. In some scenarios the missing pieces may need to be added/layered to satisfy these needs.

MIP Fund Accounting Feature Ratings

Comments

More Reviews of MIP Fund Accounting

  1. Home
  2. Nonprofit Accounting Software
  3. MIP Fund Accounting Reviews
  4. User Review of MIP Fund Accounting