TrustRadius
We're OK with MIP; it was our only option.
https://www.trustradius.com/accountingMIP Fund Accounting (formerly Abila MIP)Unspecified8619101
Jon Dize, CFRE profile photo
Updated March 15, 2019

We're OK with MIP; it was our only option.

Score 8 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)

MIP is our accounting and scholarship system. We keep track of all donations, scholarship distributions, and write all invoices and checks from MIP as well. Our accountant then uses it for reconciliation and adjustments/Journal Entries.
  • The Interface is easy to understand. It is a typical accounting system. Not as intuitive as I would want, but the accountant loves it better than Quickbooks.
  • As far as accounting software, it appears to be a powerful solution. Yes, it does. Again, the accountant loves it.
  • In our area, it is widely used. Lots of MIP users, yes.
  • Creating reports is not easy. Not the best with reports. Not intuitive.
  • Integration with sister product FR50 is horrible. They may be owned by the same company, but the interfaces, reports, etc. are not at all similar.
  • How we use it for scholarship management is less than desirable. We had to "make it work".
  • It took a long learning curve to get up and running.
  • We hope after another year we will see a good ROI. We are "used to it" and it is working.
We have 50 sub-funds. Data is pushed over from FR50. It works adequately.
DWD Technology Group - We don't like using this partner's tech group. The cost to use them per hour just too high. We do use their accounting team for our reconciliation,
  • QuickBooks
It appears more robust and secure than QuickBooks.
Good for accounting. Not great for scholarship management.

MIP Fund Accounting Feature Ratings

Accounts payable
7
Accounts receivable
7
Cash management
Not Rated
Bank reconciliation
Not Rated
Expense management
Not Rated
Time tracking
Not Rated
Fixed asset management
Not Rated
Multi-currency support
Not Rated
Multi-division support
Not Rated
Regulations compliance
Not Rated
Electronic tax filing
Not Rated
Self-service portal
Not Rated
Standardized Processes
Not Rated
Pricing
Not Rated
Order entry
Not Rated
Pay calculation
Not Rated
Benefit plan administration
Not Rated
Direct deposit files
Not Rated
Salary revision and increment management
Not Rated
Reimbursement management
Not Rated
Dashboards
Not Rated
Standard reports
5
Custom reports
5
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
Not Rated
Single sign-on capability
Not Rated

Using MIP Fund Accounting (formerly Abila MIP)

1 - organization, good notes
  • Accounting
  • Scholarship Management
  • Reconciliation
  • We "made it work" for scholarship management, but nothing "innovative"
  • We actually hoped to replace it, but it will probably due for our needs.
We don't have an alternative at this time. And the accountant likes it.
2 - Exec Director and Manager of giving/scholarships

Evaluating Abila MIP Fund Accounting and Competitors

  • Positive Sales Experience with the Vendor
It was recommended by our accountants.
We would have been better prepared for its lack of ease of use.

Abila MIP Fund Accounting Implementation

Different team to implement
  • Third-party professional services
DWD Technology
Change management was a big part of the implementation and was well-handled - Do it in pieces, and get better answers from the implementation team
  • didn't do what we thought

Abila MIP Fund Accounting Support

Using Abila MIP Fund Accounting

not user friendly
  • posting
  • invoice
  • push from FR50
  • reports
  • changes
ProsCons
None
Do not like to use
Unnecessarily complex
Difficult to use
Requires technical support
Not well integrated
Inconsistent
Slow to learn
Cumbersome
Feel nervous using
Lots to learn