covers all the bases
August 05, 2016
covers all the bases
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Abila MIP Fund Accounting
MIP Fund Accounting is used by the Finance Department to manage the accounting and financial reporting for the entire organization. It addresses the business problems of financial reporting, organization of financial data by grant and grant spending. The budget module allows for multiple versions, which helps with forecasting and what if scenarios. The system comes with predefined reporting templates for the Statement of Activities, Balance Sheet, Statement of Revenues and Expenses.
Pros
- The system is fairly intuitive. New users come up to speed quickly. The user guides and on line help are good.
- The various modules interface well. I use AP and AR.
- The reporting is easy to use and covers the basics very well. The reports can be downloaded in multiple formats (Excel, pdf, csv, etc.) and can also be emailed directly. Makes report distribution very easy.
Cons
- The budget module should allow for a full replace instead of uploading the change when importing data from Excel.
- The GL should have a provision for recording non financial data, like FTEs, conference attendees, square footage, etc. This would allow statistical reports and greater analytics straight from the GL.
- Greater functionality for calculating overhead allocations and calculating the release of temp restricted to unrestricted.
- We have been running MIP for many years. It is integral to running the business. We have evaluated other systems and have remained with MIP.
Non profits have some specific needs and the generic systems were not designed to meet those needs. Combining multiple modules from one vendor made the interface seamless. One of the most significant non profit issues that the system addresses is the need to segregate net assets by restriction. It is unique to the non profit world and is handled well by MIP.
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