Item: MIP Fund Accounting
Rating: 9
Author: Verified User

Use Cases and Deployment Scope

MIP Fund Accounting is being used by the Global Accounting Department. We use it to consolidate the books from our international operations. We record payroll for several foreign countries as well as transact in four different currencies.

Pros and Cons

Accounts Payable
Multi currency
Reporting

Multi currency reporting
Multi currency payroll processing

Return on Investment

Overall better than what was being used previous to switching

Effectiveness at Managing Multiple Fund Sources

Tracking for multiple funds is very easy and reporting is dynamic

Alternatives Considered

We chose this system for the multi currency functionality

Other Software Used

Concur Travel and Expense

Likelihood to Recommend

This system works very well for recording transactions in multi currencies but the reporting capabilities in currencies other than USD is lacking and could be improved upon. It is very easy to move around and build and use reports.

MIP Fund Accounting

Overall Satisfaction with Abila MIP Fund Accounting