Overall Satisfaction with MIP Fund Accounting
We use MIP as a fund accounting solution and have historically run payroll through it as well. It tracks our grant spending, we run full cycle accounts payable through it and use it for employee expenses as well as payroll. We run our internal reporting through the software and use that for grant billing purposes. We're also working on adding on the Microix product requisition software and digitizing our receipts and such. For its cost, I think MIP is one of the best fund accounting solutions for small to medium non-profits who need a real fund accounting solution but don't need a true ERP system. The biggest weakness is probably the grant management tools, which are not very good and can't have reports run using those fields directly. However, you can use report groups if you're careful and understand the functionality in order to create grant reporting groups to track different end dates and such. MIP has a lot of power and flexibility if you investigate all it can do, many times there are ways to create functionalities that seem lacking, such as through user-defined fields.
- Fund Accounting
- Accounts Payable
- Human Resources Module is pretty lacking.
- Grant Management tools and out of the box functionality.
- Provided fund accounting solution
- Allowed add-on functionality
- Reduced cost and time needed for requisitions via Microix
You can run many different kinds of reports and control many different facets of the reporting, it's powerful and flexible if you uncover how it works, and there are many more advanced functionalities such as report groups once you master them.
I have a hard time believing there would be software for our size and complexity that would add sufficient value that it would be worth the conversion cost. MIP has many emergent capabilities once you learn of them.
Do you think MIP Fund Accounting delivers good value for the price?
Are you happy with MIP Fund Accounting's feature set?
Did MIP Fund Accounting live up to sales and marketing promises?
I wasn't involved with the selection/purchase process
Did implementation of MIP Fund Accounting go as expected?
I wasn't involved with the implementation phase
Would you buy MIP Fund Accounting again?
If they are a small to medium non-profit it's an excellent fund accounting solution. It's cost-effective and relatively easy to use. Getting good advice about the setup is very important, it can be cumbersome if, for example, too many segments are set up. The out-of-the-box functionality can be enhanced through the purchase of additional modules, such as Payroll or Accounts Receivable.