MIP Fund Accounting friendly and has potential
September 12, 2016

MIP Fund Accounting friendly and has potential

Anonymous | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Abila MIP Fund Accounting

MIP Fund Accounting is only used by the Accounting Department and we utilize the following modules: Accounts Payable, Electronic Funds Transfers, Accounts Receivable, Accounts Receivable Billing and Bank Reconciliation. MIP has streamlined our data recording and reporting processes. We are continually re-evaluating our needs and find that MIP generally has the solutions we are looking for.
  • MIP's Accounts Receivable billing module effectively generates and processes electronic delivery of billing documents as well as recording associated payments received.
  • MIP's Accounts Payable module functions very well with Aatrix 1099 reporting tool. We currently do not sure the W2 feature, but the electronic reporting of 1099/1096 information is timely and very convenient.
  • We have recently started using the Electronic Funds Transfer module. It is very convenient for creating batches that communicate with our bank software.
  • The import features for Accounts Payable invoices and cash receipts are very helpful!
  • MIP's Electronic Funds Transfer module, during setup, does not allow for testing of information being transferred.
  • MIP's Accounts Receivable billing module import feature has not successfully worked on our trials. Consequently, we have not attempted to import an Accounts Receivable receipts batch.
  • MIP's import feature for both vendor and customer update of information removes the detail of the record for items not being updated; notes are lost, other contact items are removed, etc.
  • MIP Fund Accounting has allowed us, along with other internal upgrades, to streamline processing by eliminating paper and labor waste.
MIP Fund Accounting is user friendly, the import feature is quite useful, and the ability to produce a variety of reports in a multitude of mediums is extremely helpful. I appreciate the ability to modify IDs of customer and vendors for name changes or association structure updates. Improvements to specific areas of the import feature would be helpful. Allowing for change in IDs for other areas such as GL codes, field lengths, more specific customer/vendor activity reporting options would make the software more functional.

MIP Fund Accounting Feature Ratings