Item: MIP Fund Accounting
Rating: 8
Author: Verified User

Use Cases and Deployment Scope

We are a non-profit membership association that also receives federal funding for training grants. We use MIP for the accounting of all functions of our organization, but it is most useful in the tracking of the seven different grants we currently have.

Pros and Cons

Allows for the separate tracking of funds
Great detailed reporting
Has been able to integrate additional modules for different organizations as they need them

Cumbersome in entering all the detail, but steps have been continuously made to improve efficiencies
Drill down of reporting
Reports are customizable, yet formatting is not helpful when you transfer to Excel

Return on Investment

Detailed reports - helpful for Audit

Performance

We set up the Chart of Accounts and Functions in a way to easily separate and report as needed for the Funding Source requirements. I like the summary and detail you can get based off your needs. Have had successful Audits with details necessary to help provide all info needed. I do like the level of functionality and sorting options on the reporting

Likelihood to Renew

We have used it for so long, it has great history for the organization.

Effectiveness at Managing Multiple Fund Sources

Yes, we have different funding sources for different grants. We are able to track individual [grants] and create easy reports that each funding source requires as well as maintain the overall reporting structure for the entire organization.

Alternatives Considered

QuickBooks Desktop Enterprise

MIP has better reporting and more range for our custom needs

Key Insights

Do you think MIP Fund Accounting delivers good value for the price?

Yes

Are you happy with MIP Fund Accounting's feature set?

Yes

Did MIP Fund Accounting live up to sales and marketing promises?

I wasn't involved with the selection/purchase process

Did implementation of MIP Fund Accounting go as expected?

I wasn't involved with the implementation phase

Would you buy MIP Fund Accounting again?

Yes

Other Software Used

iMIS Engagement Management System, Microsoft 365, Adobe Acrobat

Likelihood to Recommend

Hard question to answer. Currently, MIP is well suited for my organization in being able to track our grants by separate funding sources, yet fluid enough to let me determine the reports I need to prepare as an individual or for the entire organization as a whole.

Support Headcount Required

1 - IT Manager

Business Processes Supported

Grant Tracking
Payroll
AP
Reporting

Innovative Uses

Use a Segment Code to track Intercompany Transactions
Use a Segment Code to track Case Numbers for legal invoices

Future Planned Uses

Users and Roles

5 - Grant Manager A/P Cash Management Controller - reporting

MIP Fund Accounting Customer Support Pros and Cons

Pros	Cons
Quick Resolution Good followup Problems get solved Kept well informed No escalation required Quick Initial Response	None

Premium Support

No - we have had users with years of experience with the system. Only have a few issues. We use our inhouse IT first to see if we can resolve.

Bug Resolution

Support Rating

Most times, they have been helpful. A couple of times, it seems like they are just reading from a script and didn't understand my issue

Easy Tasks

AP is straightforward
I like you have to balance certain Segments including Debits/Credits

Difficult Tasks

Payroll set up - lots of screens and codes for additional benefits/deductions. It doesn't confirm that all tasks are complete. Not super intuitive
Tax reporting
Report Writing can be cumbersome if you don't have the extensive training. Not intuitive to give a standard format for you to update/personalize.
IMPORTS - not user friendly at all to write the codes needed.

Usability Pros and Cons

Pros	Cons
Like to use Relatively simple Consistent Feel confident using	Lots to learn

Usability

I have used the system for 15+ years, so I feel very comfortable, however, each time I had a new staff member, I had to walk through each step, training is very beneficial to all staff.

Systems Integrated With

Imis

Our Programmer designed a process that extracts AP info out of the MIP database to add to our Customized Imis system. The process works great, but it requires that the TEXT entered in certain fields have NO errors (no typos). This is not an error on MIP, but a flaw in how my organization extracts the info to perfectly Match with the info in our IMIS database.

Abilia MIP Review

Overall Satisfaction with MIP Fund Accounting