MIP is Flexible and Powerful.
August 12, 2024

MIP is Flexible and Powerful.

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

Software Version

MIP Cloud

Overall Satisfaction with MIP Fund Accounting

We use this for our Fund and Grant Accounting which includes general AP, AR, and GL processing along with recording our assets. We load budgets and perform various reporting functions through MIP. MIP allows us to accurately track and align expenses and revenue with the various Funds and Grants that are we managing along with the general operations of the Tribe.

Pros

  • Bank Reconciliation and Connections with Your Bank.
  • Data Entry is Fast, along with Avenues to Memorize transactions and Upload—oh, and the recurring options are excellent, too.
  • Ease of access and multi-tasking is great!

Cons

  • All Functions should be available in MIP Cloud.
  • GL Balance Detail Screens are hard to decipher.
  • Custom Reporting can be challenging to develop.
  • Reduced time to handle Bank reconciliations.
  • Reduced time for data entry.
  • Improved visibility to operations.
The delivered reports are very helpful and allow great flexibility by being able to export them. On top of that, the add-on of DrillPoint is making a difference.
Absolutely—we're still getting more out of MIP, and we won't be looking to change any time soon.
I've utilized other ERP accounting software like Infor, NetSuite, and MS Dynamics, to name a few. MIP Fund Accounting offers flexibility and room for growth while not being overly heavy on your team to maintain it. And, we're now learning more about the add-on's and more advanced capabilities to leverage with our team.

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?

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?

Yes

MIP Fund Accounting is very flexible, and I've been pleasantly surprised at how it can be leveraged to enable your accounting team to work daily. Moving to the Cloud version has been game-changing for our team, and we're continuing to learn and educate ourselves.

Comments

  • Michael Young | TrustRadius Reviewer
    Michael Young
    (Vendor Representative) commented a year ago
    Thank you for taking the time to provide feedback, Karen. We are thrilled that MIP has allowed you to streamline your daily operations. And that you are able to leverage the reporting functionality to glean additional insights from your accounting data! Regarding custom reports, we are available to provide assistance with report building. Please reach out to MIPCustomerSuccess@communitybrands.com for additional information. We also appreciate your interest in our reference program. Our marketing team will be in touch directly to discuss next steps.

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