TrustRadius
MIP Fund Accounting is capable, but can be quirky.
https://www.trustradius.com/accountingMIP Fund Accounting (formerly Abila MIP)Unspecified8619101
Jacien Squires profile photo
Updated January 18, 2018

MIP Fund Accounting is capable, but can be quirky.

Score 5 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with Abila MIP Fund Accounting

We use MIP to process our organization's payroll, accounts payable, HR, and track inventory. Members of our accounting department are the only ones that use this program. The program tracks all of our assets, income, and expenditures. It also tracks employee information and inventory items. We use MIP to generate our end-of-year tax forms as well.
  • Processes Payroll. Once setup properly, payroll can be completed in a few clicks.
  • Processes Accounts Payable. Can track several funds and programs as well as several vendors.
  • HR module needs LOTS of work. Most areas in this module feel rushed and only half-function. For example- sick leave calculations don't pull the correct anniversary date, causing the results to be off by up to a month.
  • The 1095-C tax module was a complete joke this year. Nothing auto-populated like promised, causing us to do a lot of hand entries. We purchased the HR module almost exclusively for the 1095-C reporting. Ended up being a waste of money.
  • Reporting can be very limited.
  • Reporting abilities can be very limited at times. We had to write a separate SQL program to pull the data that we needed for our retirement fund. The MIP system couldn't pull the data we needed. Being able to write our own SQL code for reports would be nice, but the system doesn't allow for it.
  • Response time on the MIP tech support line can take up to an hour sometimes. Once you get someone, they don't always know what they're doing. We've gotten 2 completely different responses to the same questions, depending on who answered the phone.
  • Good-MIP has helped to streamline several processes into 1 application, instead of several different applications.
  • Bad- The initial cost and recurring maintenance fees are much higher than our previous solution
MIP does very well at tracking multiple funds and sources. It took us a couple tries to get things setup properly, however. The system structure cannot be modified once it's setup, so if anything is amiss, you have to start over from the beginning with a new database. Once things are setup correctly, it's fairly easy to track evertything and things run pretty smooth.
  • igs and logos
MIP could handle all of the programs and funding sources that we needed to track. We are a non-profit, so we need software tailored to our type of organization.
Well suited for medium to large organizations that need to track many different funds and programs. Might be overkill for smaller organizations.

MIP Fund Accounting Feature Ratings

Accounts payable
7
Accounts receivable
7
Cash management
7
Bank reconciliation
7
Expense management
7
Time tracking
Not Rated
Fixed asset management
8
Multi-currency support
Not Rated
Multi-division support
9
Regulations compliance
7
Electronic tax filing
4
Self-service portal
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Pay calculation
7
Benefit plan administration
3
Direct deposit files
7
Salary revision and increment management
7
Reimbursement management
7
Standard reports
7
Custom reports
4
Role-based user permissions
8
Single sign-on capability
8

Using Abila MIP Fund Accounting

2 - Basic installation of MIP is pretty straight forward. A small company planning to only use the basic functions should get along ok with 1 or 2 computer savvy employees. For medium or larger organizations, I'd recommend someone on staff that knows and understands Windows Server and SQL Server fairly well. Database and report setup can get complicated very quickly.
  • Payroll
  • Accounts Payable
  • Benefits Tracking
  • Fixed Assets
  • MIP is unable to generate the report we need for our retirement processing. Luckily, we were able to create a 3rd party application that can pull the data we need from our database and put it into a format that our retirement company will accept.
  • The reports module can quickly give our managers a detailed calculation of all their account balances.
  • There is a timesheet module that employees can use to enter their work time directly into the system, instead of using traditional time sheets or punch clocks.
  • The system can be setup to send pay stubs and w-2's directly to employees, instead of printing and mailing.
  • The Executive View module allows managers to log in and generate their own reports without needing to have accounting staff run the reports for them.
We finally have our system setup the way we need it. Moving to another accounting system would be very labor intensive and take several months, if not a year to implement.
8 - Our staff consists of:
Accounting Clerk- handles basic billing and supplies
2 Staff Accountants- ensure that funds balance and generate reports for our managers
Controller- Oversees all funds and accounts
Benefits Coordinator- tracks and maintains employee benefits
Payroll Clerk- generates payroll and submits retirement and tax forms
Accounts Payable Clerk- pays all bills and purchases submitted by staff
Director of Finance- oversees all accounting staff and files goverment forms and ensures we follow all regulations