Item: MIP Fund Accounting
Rating: 7
Author: Samantha Cribbet

Overall Satisfaction with Abila MIP Fund Accounting

Use Cases and Deployment Scope

We use MIP Fund Accounting for our general ledger and financial reporting. It is not integrated into our CRM system for our accounts receivable system or integrated with our payroll system.

Pros and Cons

Pros

Building report queries that give you meaningful data is very easy to do.
Creating new accounts, funds, etc., through the wizard function is easy.
The logic behind fund accounting comes across well in the product.

Cons

Voiding checks. The system is still being worked on for this and you must void a check in multiple ways.
When you make an error adding a new fund or due to due from for that fund, you can't rewrite over it with the wizard, instead you have to go gl line by gl line to fix it.

Return on Investment

By switching to the cloud-based platform we were able to save well over the cost of the higher monthly subscription fee because we did not spend any time on upgrades anymore.

Alternatives Considered

We had so much history already with MIP it would have been costly to transfer our data to another company.

I like MIP Fund Accounting. It is easy to use and navigate. We are actually on the cloud-based platform with MIP and upgrades are so much easier than they were. My biggest complaint is the lack of integration with our other systems.

MIP Fund Accounting Feature Ratings

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MIP Fund Accounting Review