MIP in the Open
Overall Satisfaction with MIP Fund Accounting
MIP Fund Accounting is used by the whole organization for department and overall reporting as well as compliance reporting. It was purchased to allow for reporting by cost allocation to multiple cost centers, including both internal departments and grants. The major benefit is that it allows a large number and multiple levels of cost centers and programs.
Pros
- Cost allocation. Allows great flexibility in the setup of cost pools and receipient centers.
- Multiple dimension coding structure. Allows complex accounting setups for multi-faceted organizations.
- Reporting. Allows many different report configurations.
- Exporting. Ease of exporting reports to PDF and Excel formats.
- Importing. We now import payroll files from a payroll provider.
Cons
- Bank reconciliation. Exceptionally outdated and inefficient process for clearing checks.
- Accounts payable. New vendor setup process could be so much easier, especially for vendors who are already employees.
- Credit card puchases. Badly needs improved functionality in the posting of transactions to actual vendors.
- The import process needs to be made more intuitive.
- We believe MIP Fund Accounting is a fairly efficient product.
- MIP Fund Accounting is slow to innovate and implement enhancement requests.
- Quickbooks
Much superior in terms of cost centers accounting and accruals.
Do you think MIP Fund Accounting delivers good value for the price?
Yes
Are you happy with MIP Fund Accounting's feature set?
Yes
Did MIP Fund Accounting live up to sales and marketing promises?
Yes
Did implementation of MIP Fund Accounting go as expected?
Yes
Would you buy MIP Fund Accounting again?
Yes
MIP Fund Accounting Feature Ratings
Support from Community Brands
I can't recall that client services played a role, but it's been over twenty years ago. I did however attend a week long comprehensive MIP training in Albuquerque.
i attended a refresher training in Austin a few years ago.
They often follow up to see if the issue is solved.
We have not yet deployed MIP in the cloud. We may do so soon, and appreciate being able to have both options.
Using MIP Fund Accounting
3 - Accounting and people with basic bookkeeping skills. We have one accounts payable clerk, one payroll clerk, one human services coordinator, and one general ledger accountant. The accountant doubles as the technical support person for MIP.
- Vendor attributes database
- Importing cash receipts from Excel
- Importing health insurance costs
- Credit card accounting
5 - HR, Payroll, AR and AP, GL reporting
Evaluating MIP Fund Accounting and Competitors
- Product Features
- Product Reputation
- Prior Experience with the Product
We needed the multiple dimensions that MIP offered (GL, Program, Dept., Fund).
We would not change.
MIP Fund Accounting Implementation
- Implemented in-house
Change management was a minor issue with the implementation - People are resistant to change.
- Individual learning curves vary.
- Assignment of access rights.
MIP Fund Accounting Training
Configuring MIP Fund Accounting
Improve importing of files and credit card accounting, fix open sessions problem.
No - the product does not support adding custom code
Yes - we have customized the interface extensively - To suit individual preferences. Yes, it was easy.
We have been successful with imports of .csv files for bank deposits and certain payments.
MIP Fund Accounting Support
Pros | Cons |
---|---|
Quick Resolution Knowledgeable team Problems get solved Support cares about my success Quick Initial Response | Difficult to get immediate help |
No
Not needed.
Yes - Most of the time.
Using MIP Fund Accounting
- COST ALLOCATION
- BANK RECONCILIATION
- IMPORT
- CREDIT CARD ACCOUNTING
- VENDOR ACTIVITY REPORTS
Yes, but I don't use it
Pros | Cons |
---|---|
Like to use Relatively simple Easy to use Technical support not required Well integrated Consistent Quick to learn Convenient Feel confident using | None |
MIP Fund Accounting Reliability
Integrating MIP Fund Accounting
- Paylocity
We now import payroll files. Not too difficult but could be more automated.
- File import/export
Be sure you know somebody who knows how.
Relationship with Community Brands
We merely paid the listed price.
Be sure to get the name of a contact.
Upgrading MIP Fund Accounting
Yes - For a while there was a problem with the new release version recording the correct version number. Also, the way HR module upgrades are distributed could be improved.
- I couldn't determine what they were.
- Credit card accounting
- Improved importing
- Remedying open sessions problem
Comments
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