Item: MIP Fund Accounting
Rating: 8
Author: Verified User

Overall Satisfaction with MIP Fund Accounting

Use Cases and Deployment Scope

MIP Fund Accounting is used to consolidate billing and accounting data from 3 separate software programs. I could not imagine a more suitable program to do this. It boils everything down in a palatable form and is relatively easy to navigate. It took me minimal time to learn the program and get comfortable navigating it. There is a minimal learning curve, and not much can be undone, so any errors I happen to catch can be fixed with minimal stress.

Pros and Cons

Pros

Search queries for accounting/financial data to any specificity
Simplify data from three different software programs into one palatable system
Navigation all naturally makes sense

Cons

Could be more streamlined
Could have a more basic version (it is a step up in complexity from quickbooks)
When trying to go back to a previous page/task (the 'done' or 'back' buttons) sometimes do go back too far, but sometimes they do. More consistency of how those buttons work would help.

Return on Investment

Simplifies our finances
Plays a huge part in composing our financial statements
Can pull historical data to varying specificities

Performance

MIP Fund Accounting is an important asset for performing search queries. If I had to do a historical search query without MIP Fund Accounting, I very well might have to pull data from three different programs, turn each piece into like-data myself, and then consolidate it all down into interpretive data. MIP Fund Accounting does it all by itself and has a wide array of ways to filter down as specifically or broadly as you want for any given query.

Likelihood to Renew

My company is pretty dug into our current day-to-day systems that serve our operations (ServTracker, Kantime, MicroMD). Without MIP Fund Accounting, we would have no choice but to figure out a way to consolidate those three accounting/operations programs into (ideally) one program, which is basically impossible if we want to salvage any historical data. MIP Fund Accounting is a great hub to bring all those pieces together in a palatable form.

Alternatives Considered

MicroMD, KanTime Healthcare Software and QuickBooks Desktop Pro

MIP Fund Accounting is the only financial software program that I have used for the purpose of consolidating financial data, and it seems to perform that function with a minimal learning curve. My employer is a non-profit entity. MIP Fund Accounting is built to function for non-profit businesses and is useful to multiple departments throughout my company.

Key Insights

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

Not sure

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?

I wasn't involved with the implementation phase

Would you buy MIP Fund Accounting again?

Yes

Other Software Used

KanTime Healthcare Software, MicroMD, Microsoft Windows

Likelihood to Recommend

MIP Fund Accounting is well suited for compiling data from multiple sources into one digestible system. It is relatively straightforward to navigate. I have 3 billing software programs that I am responsible for bringing together for our CFO to make decisions, and follow GAAP, and MIP Fund Accounting is extremely suitable for that. I consider MIP Fund Accounting to be a bit too dense for smaller companies with little to no relative complexity to their financial/organizational structure.

Comments

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Great for Consolidating of Financial Data From Multiple Systems

Software Version