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Abila MIP Fund Accounting Review 104 of 313
Abila MIP Fund Accounting Review: "The greatest choice you'll ever make!!"
https://www.trustradius.com/accountingMIP Fund Accounting (formerly Abila MIP)Unspecified8.1614101
Eric Harvey profile photo
November 08, 2016

Abila MIP Fund Accounting Review: "The greatest choice you'll ever make!!"

Score 10 out of 101
Vetted Review
Verified User
Review Source

Overall Satisfaction with Abila MIP Fund Accounting

We are using Abila MIP for our corporate and line of business accounting needs. It is only being utilized by the accounting department at this time. It helps us tremendously by letting us account for our lines of business individually, and the entire corporation as well. This allows us to analyze our various lines of business for efficiency and effectiveness.
  • The vast array of account segmenting allows us to break down our business in many different ways, which gets us the information we need to make sure we are doing business right.
  • We love the ability to process vendor EFT payments, which fits our green thinking and saves lots of paper.
  • Having a cloud based platform allows us to work more efficiently and not have to worry about using the most recent version or keeping up with payroll updates.
  • It would be nice to switch between databases without having to logout and login.
  • When entering codes (like for a journal entry) it doesn't auto-search/fill the account numbers...you have to hit the dropdown and scroll for the number.
  • You can't post cash receipts without first having an invoice, which can slow down your processing.
  • Having MIP Advance has allowed us to focus on our work and not worry about system and payroll updates and back-ups. That has been a tremendous relief and allowed us more time to be efficient in our processes.
Yes, we use Abila MIP fund accounting to track our grant sources. We can track all revenue and expenses associated with multiple grants and or revenue sources. This is critical in the grant compliance portion of our work. Without this critical piece of information that MIP provides we would be spending too much time tracking expenses that are available now with a few mouse clicks.
Partnering with Abila and using MIP Advance Fund Accounting software has allowed us to move to the next level as we become more complex. We have nine lines of business and MIP Advance allows us the opportunity to evaluate each line of business for productivity, efficiency and effectiveness. Without these tools, we would be floundering in the dark.
When we purchased Abila MIP Fund Accounting software, we had looked at several other options. However, none of the other options allowed the flexibility that Abila MIP had. It also helps that Abila MIP Fund Accounting software is designed specifically for the non-profit sector. It was an easy choice when we laid out all the options.
With Abila MIP's versatility I think it would be well suited for any industry, but especially for any industry where you wanted to be very specific on tracking or cost accounting. The ability to segment your accounts allows you to track by just about any method you would like to be successful.

Abila MIP Fund Accounting Feature Ratings

Accounts payable
9
Accounts receivable
8
Cash management
6
Bank reconciliation
8
Expense management
7
Time tracking
Not Rated
Fixed asset management
8
Multi-currency support
Not Rated
Multi-division support
10
Regulations compliance
Not Rated
Electronic tax filing
9
Self-service portal
8
Pricing
8
Order entry
9
Pay calculation
10
Benefit plan administration
7
Direct deposit files
10
Salary revision and increment management
10
Reimbursement management
7
Dashboards
8
Standard reports
9
Custom reports
9
API for custom integration
Not Rated
Plug-ins
Not Rated
Role-based user permissions
10
Single sign-on capability
10
Client data roll-up capabilities
Not Rated
Configurable alerts
Not Rated
Billing bypass
Not Rated
Client template cloning
Not Rated
Industry-specific versioning
Not Rated
Legacy system data migration
Not Rated