The greatest choice you'll ever make!!
November 08, 2016

The greatest choice you'll ever make!!

Eric Harvey | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Abila MIP Fund Accounting

We are using 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 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 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 MIP 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 MIP Fund Accounting software, we had looked at several other options. However, none of the other options allowed the flexibility that MIP had. It also helps that 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 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.

MIP Fund Accounting Feature Ratings