Abila review
February 28, 2017
Abila review
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with Abila MIP Fund Accounting
MIP Fund Accounting is used in the accounting department for general ledger, a/p, a/r, bank reconciliations, report writing, and budget. We purchased this product mainly for the allocation methodology in the general ledger and also for the report writing capabilities.
- Allocations - can perform complex, multi level allocations
- Flexible chart of accounts with ability to expand
- Good audit trails
- Budget module - cannot paste ranges of values from Excel in the spread column in an original template
- Speed of DrillPoint - takes an inordinate amount of time for the system to update
- Reports - cannot schedule reports to run in the evening and running during working hours ties system up
- Form 990 and cash flow statements - not usable tools unless we greatly expand our chart of accounts. These statements need the ability to use formulas to produce the reports
- Project management during implementation was weak and the Abila consultant was not helpful in identifying solutions when we faced challenges
- Billing for a/r restricts the # of digits to 2 decimal places, but we require 4.
- Up front costs to purchase software were high, but on-going support is currently less than what we paid on previous software
We are able to manage unrestricted, temp restricted and permanently restricted funds and their balances. Our chart has been developed so that the leading number identifies which fund the account belongs to and those roll up and close separately. At each year end, we will close the activity to reflect assets released from restriction.
We had planned on using DrillPoint for our report writing, but the software takes an inordinate time to run reports. So we are still using Excel for a lot of work that we had planned to convert.
MIP is the only software that we could find that could perform our complex allocations.