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Great Product - Extreme Flexibility
April 28, 2021

Great Product - Extreme Flexibility

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Software Version

Nonprofit Technologies (NPT), legacy product

Overall Satisfaction with MIP Fund Accounting

[MIP Fund Accounting] provides the books of record for our organization. We have developed our organization to have reporting for Departments, Programs, Grants, and tracking if gifts have restriction or not. It provides the necessary analysis tools for our Non-Profit Organization.
  • Bank Reconciliations
  • Financial Statement Flexibility
  • Memorized Transactions for consistency
  • Report development can be challenging
  • Ability to hide abandoned zero balance accounts from the COA
  • Better Budget vs. Actual reporting
  • It's flexibity has allowed us to modify program reporting as necessary.
  • It has allowed greater ease in conducting annual audits.

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?

Yes

Did implementation of MIP Fund Accounting go as expected?

Yes

Would you buy MIP Fund Accounting again?

Yes

We over the course of 14 years of use found it necessary to change our fiscal year end. While not an easy process, our management partner found a MIP Specialist who assisted in this total revamp of the MIP operating set up. What could have been a major hurdle was accomplished with ease.
Logical design and ease of putting account based rules makes input easier. Balance sheet accounts are set up requiring only a GL number, while income statement accounts require an entire string for our organization to determine department, program, source reporting, and restriction codes. This permits the departments to drill down and analyze their profitability as part of the larger organization.
We found greater value in it's ease of use and set up with excellent reporting capabilities than many higher priced solutions. MIP [Fund Accounting] provides us with a tool that works for our organization.
With a knowledge base, I feel MIP [Fund Accounting] can be adapted to almost any industry. It's flexibility is amazing. You definitely need to work with a management partner who takes the time to understand your business and is willing to work with you to set up the most functional usage you can attain.

MIP Fund Accounting Feature Ratings