Abila MIP Fund Accounting
August 03, 2016
Abila MIP Fund Accounting
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Abila MIP Fund Accounting
All functions of MIP is currently used by the Fiscal department. The monitoring department and program managers use the executive view feature of MIP. The encumbrance and budget reporting features are specifically effective across the organization when measuring program performance and outcomes to total expenditures. We have a fixed asset module that is excellent for tracking inventory across 7 locations.
- The encumbrance module is excellent for tracking contract balances and providing reports for contract activity.
- The capability to import information speeds up the process of mass updates.
- I particularly like the ability to attach a scan of an original invoice directly to the entry. This is very helpful during monitoring or auditing visits.
- Some of the reporting features need an added step. For instance, drill down function should allow you to see a specific transaction versus all transactions.
- The encumbrance module does not reflect any voids or reversals of Accounts Payable transactions. If an entry is not made to de-obligate or re-obligate funds, it skews balances.
- The reporting modules should allow for a projected expenditure column.
- The advanced reporting and dashboard capabilities provide an clear snapshot of budget impact of expenditures.
Our organization has definitely achieved this benefit. We are a quasi-governmental funded agency. We track all grant activities based on specific grant requirements and this software has allowed us to set up user defined fields for multi-purposes.
The previous products that I've used were Quickbooks, Peachtree and MAS 90. None of these products were close in comparison to the ease of tracking and reporting capabilities.