MIP Fund Accounting Software Review
March 26, 2022

MIP Fund Accounting Software Review

Anonymous | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Software Version

Other

Overall Satisfaction with MIP Fund Accounting

We use MIP for our GL, AR, AP, and Depreciation. Our past software had been used for over two decades and while easy to use, it was limited in how we could pull data from the system to use. MIP is a true fund accounting software. The reporting features are wonderful and fully customizable. Further, the data can be pulled directly into Excel for further analysis. I have not used MIP Fund Accounting very long, however, it is easy to pick up. Like any new software, I recommend taking advantage of the training that is offered. After completing the training the software becomes very intuitive and easy to use.
  • Developing reports with the data you need in a useful format.
  • Drill down features
  • Easy to follow step progression for AP and AR clerks to follow
  • Help menu's are very helpful and easy to find what you need
  • Report Manager from the left side menus is cumbersome to navigate
  • Reduced time reinputting report data into Excel for manipulation.
  • Budgeting is still time-consuming because the format is very different from what we had done in the past. Once the process is streamlined internally it should be ok.
The possibilities are endless and the ability to create reports and tweak existing reports is so simple. This is our favorite feature.
The software meets all of our needs and has improved our ability to analyze the data we input.

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?

No

Would you buy MIP Fund Accounting again?

Yes

Transitioning to new software is never easy. However, this transition was well worth the pain for what we have gained in data usability.