MIP-one of our best choices!
April 06, 2022

MIP-one of our best choices!

Melody Troesser | 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 is our sole accounting software from AP, AR, budgeting, and general ledger. It allows the use of grant tracking easily. It also allows an efficient method for tracking custodial funds (approx. 50+ checking accounts for individuals, approximately 25 shared accounts of those served) that are audited quarterly by the state agency. It also allows tracking of those persons' accounts that we bill for various expenses that the agency forwards the funding for (until reimbursed by either the individual or their funding source). These are essential tasks that require constant monitoring.
  • Budgeting-we have over 25 departmental budgets to enter and it is efficient to do so through MIP.
  • General ledger imports-we now use imports to expedite data entry and review
  • Reporting-the options are numerous so that we can always pull the report needed-be it for the Board, external agencies, or internal requests
  • Audits-each year our external audits have improved due to the capabilities and reporting available.
  • Bank reconciliation-the ability to clear a series of sequential items would expedite the task
  • Screen-should be able to "lock" the preference of the user-it goes away when leaving the screen
  • The dates-on screen should have popped up to explain "document" vs. "effective" in various applications.
  • Allowed our minimal staff in finance to remain-saving on personnel expenses.
  • The budget module capability has allowed us to present various scenarios, especially in years that the funding has been volatile
  • The ROI is excellent-we have not had to expend further through years of monetary growth.
  • We could further impact our bottom line by investing more time in the community or training.
We have an operational fund and custodial funds for many individuals; while the Board only wants overall reporting, the state and other fiduciary requirements need reporting done by individual or shared accounts. We have been able to do all this without resorting to other software. This is daily monitoring and reporting done minimally monthly, so it is imperative that we are able to do so without interrupting and going to a different source.
We do not plan to change-MIP works fantastic for our size agency, our funding requirements, and our reporting requirements. My staff loves the ease of use compared to the software that was in place prior to the conversion to MIP. We converted in very little time due to having the support of MIP and the reseller.
We were using Cougar ("Denali") software and the support was practically non-existent--I had to tell my Ex. Director that I was once advised to "just change the bank balance in the software" because they could not help us find the error. Upon that advice, we decided we had to move to software that was reliable, supported, and easy to transition to. It was also affordable!

Do you think MIP Fund Accounting delivers good value for the price?


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Did MIP Fund Accounting live up to sales and marketing promises?


Did implementation of MIP Fund Accounting go as expected?


Would you buy MIP Fund Accounting again?


It is well suited to non-profit accounting, with the UDF available to further code items as needed. It is especially applicable to the size of the agency we have (budget of 10M). The payroll and HR modules should be better suited to an agency size of ours (300 employees annually). We would love to have the payroll and HR modules so they would integrate straight to the GL but have determined the functionality is not robust enough for the agency and the turnover.