Abila MIP Fund Accounting Review
August 16, 2016
Abila MIP Fund Accounting Review
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)
MIP Fund Accounting is primarily utilized by the fiscal department of our agency. It is used daily for accounts payable and accounts receivable duties and as the director of finance, I use it for budgeting and various financial reports. The other directors in the agency use it to view the financial reports relative to their programs.
- The ease of use is a huge benefit. I've had to train multiple people on entering and using financial data in MIP and I've never had anyone complain that it is too complicated or non-user friendly.
- The ability to export, customize, and manipulate reports is especially useful for my position. I need to easily access financials and analyze them for budgeting and reporting to our board.
- Information is easily and quickly accessed in multiple ways. Whether you want a full report or a single line item, it only takes seconds to find it.
- The accounts receivable module leaves something to be desired. It's not as easy to use as the rest of MIP. We find it quite cumbersome and often have to find ways to work around its limitations.
- We are trying our best to go paperless and thought utilizing the attachment feature in MIP would be a great place to start; however, it's proven not as useful as initially thought. Sharing documents within the system is easy; however, if I wanted to email a transaction report along with the corresponding back-up, it's not that simple. They would have to be attached separately. This limitation is not an issue if I am only sending one transaction; however, it presents a significant issue come audit time when I am required to pull multiple transactions. I really hope MIP will focus on improving this feature as it is really important for companies today to go as green as possible!
- The bank reconciliation module has some strange quirks as well as the prepay feature. MIP is aware of the issues but have yet to fix them.
- Although I am unable to quantify MIP's impact on our overall business objectives, I will emphasize that its ability to supply information quickly and efficiently as well as the availability of add-on modules to tailor to one's specific business makes it a huge asset. I am required to report financial information to multiple stakeholders (e.g., state/federal funding sources, private grantors, auditors, board of directors) and MIP's ability to categorize, analyze, and summarize all of our complicated and diversified financial information saves me a significant amount of time and energy.
- We have not yet transitioned to MIP Advance from our on-premise solution. We looked into it but found the price tag to be a huge barrier.
MIP has certainly helped manage multiple funds form multiple sources in our organization. We currently have around 20 different programs with at least that many funding sources. We receive a mix of funding from state/federal, private, and municipal in the form of grants, donations, contributions, fee for service, etc. MIP tracks all of these with ease.
MIP has had a long history with our organization. It was purchased over 15 years ago for this organization. At this time we are not even considering alternatives. I am very satisfied with the product with a few small caveats. As stated earlier, I have only worked for this agency for 3 years; therefore, I did not take part in the selection of the software.