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Great product that is easily customizable.
December 08, 2022

Great product that is easily customizable.

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

We use MIP Fund Accounting to manage our local HRA and also our company, which is an economic development organization. We use it for AP, AR, GL, fixed assets, etc. MIP is able to provide the level of detail that we need and that our Boards need to make smart decisions for our companies. We are able to get accurate and complete reports and edit them to show the information we need.
  • Able to provide true fund accounting.
  • Excellent reporting options.
  • Manage our fixed assets.
  • Would like to see all the same options in the cloud module that are in the original module and vice versa.
  • A/R is a bit clumsy, too many steps.
  • Transparency in transactions.
  • Confident in the output of information.
We are able to generate reports in any format that we need to show the information that we have in a clear way that is easy for staff and our boards to read. We can easily run the reports agency-wide or break them down by fund or project, showing the details that we need.
We are satisfied with MIP and how it meets the needs of both of the companies that we use it for, and I don't see any reason why we wouldn't renew our subscription.
The HRA used RealPage (I'm not sure if it is actually the one listed above), and it did not work well. I'm not sure if it wasn't set up well, designed for larger property management companies, or just not good software, but it did not suit our needs at all. We chose a different property management software and MIP for our accounting. We used Quickbooks for Heartland Lakes, but as our business is expanding and we needed a better true fund accounting software, we chose AccuFund to start with, but it was difficult to get set up how we needed. We did not trust the information we were getting out of it, and it wasn't easily customizable to what we needed. We canceled that software and chose MIP.

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

I tried a couple of other funds accounting software, and we had staff that was familiar with MIP. I then chose MIP for both companies. I know we get accurate information out of MIP as long as the information put in is good. MIP is a little clumsy for AR billing, but maybe it would be easier to use if it was available in the cloud module (or if it is, I haven't been able to see it).