Abila MIP Fund Accounting is worth a try for any non-profit business!!
Updated August 17, 2020
Abila MIP Fund Accounting is worth a try for any non-profit business!!
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)
MIP is being used by our finance and accounting team. We use the Accounts Payable, Accounts Receivable, Budgeting and Fixed Assets modules. It addresses all of our business needs and it is very user friendly in terms of use and ability to learn the tasks. The Report Manager feature is also very intuitive and customization is easy and efficient.
- Budgeting - provides the ability to work across fiscal years as we have many federal, state and local grants that require different time periods. Once it is set up, then it works seamlessly.
- Fixed Assets - This module tracks assets and depreciation based on your input and ties this information to the GL in an effective and efficient manner.
- Report Manager - reporting is very easy as you have many canned reports that can be easily customized to your preferences. You also have the ability to segregate your reports, by name, and store in a file for your easy retrieval and use.
- Inputting the budget information can be cumbersome and difficult to understand. It took me a while to get the functionality correct.
- Understanding which input module to use for what purpose can be a little confusing. For instance Accounts Receivable has areas to input credits, receipts or manual invoices. This can be confusing at first.
- Setting up codes for new employees or clients can be confusing also as you must input this information into two different setup screens.
- It's been a positive impact in terms of time saved, personnel, and functionality for the accounting staff. My entire staff enjoys the product and are pleased with the ease of use and reporting capabilities.
Yes, we have multiple sources of funds within our organization and the benefit is tremendous and now we are able to track these funds. The reporting by fund is intuitive and creates a very seamless process. We are able to create income statements and balance sheets by fund type and use this for making management decisions within our organization.
- SAP
MIP stacks up very well against this product as it is easier to use, understand and implement within your system. It tracks different funds more effectively and the reporting is more efficient and customizable.
MIP Fund Accounting Feature Ratings
Using MIP Fund Accounting (formerly Abila MIP)
- Accounting reporting
- Budgeting
- Financial Statement preparation
- Customized reporting to suit your business needs
- Payroll
3 - Accounts Payable, Accounts Receivable and General Ledger Accounting
Evaluating MIP Fund Accounting and Competitors
Not Sure
- Product Features
- Product Usability
- Product Reputation
The features meet all of our needs as a non-profit organization.
I would keep everything the same.
MIP Fund Accounting Implementation
- Implemented in-house
Change management was a small part of the implementation and was well-handled - Na
- Training
- timeline
- follow up
MIP Fund Accounting Support
Pros | Cons |
---|---|
Quick Resolution Good followup Knowledgeable team Problems get solved Kept well informed No escalation required Immediate help available Support understands my problem Support cares about my success Quick Initial Response | None |
Using MIP Fund Accounting
- Financial Reporting
- General Ledger review
- Fixed assets
Pros | Cons |
---|---|
Like to use Relatively simple Easy to use Well integrated Consistent Quick to learn Convenient Feel confident using Familiar | Requires technical support |