Nonprofit financial management
June 10, 2016

Nonprofit financial management

Steve Abshire | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Abila MIP Fund Accounting

My agency utilizes Abilia MIP to manage and track all revenues and grant expenditures for state, federal and private foundation funders. I use this product to ensure coding accuracy by comparing monthly summary activity statements to individual grant trial balances. These financial reports are then communicated to our board and other stakeholders.

Pros

  • Ability to drill down on particular expenditures or revenue sources.
  • Varying reporting levels depending upon the level of detail you are after.
  • Ability to customize reports based upon the level of detail.

Cons

  • Very robust program, but can be very complex and is not intuitive.
  • No general training available. Everything is module specific and quite expensive.
  • No direct link capabilities with Bank of America for electronic banking purposes.
  • MIP has enabled my agency to proactively manage revenues and expenditures and identify surplus/deficit trends that could negatively effect future funding.
  • MIP provides a high level of transparency when it comes to funders and external auditors.
MIP Fund Accounting is better suited to medium size or larger organizations. The power and level of complexity is often more than what a smaller non-profit would find beneficial and affordable.

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