Simple but effective
March 22, 2019

Simple but effective

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

Overall Satisfaction with MIP Fund Accounting

My company has been using MIP since 2008. It is being used by the Finance department only. We do all the journal entries in MIP, import invoices from our AP software, import our depreciation from the FA software, run financial statements and general reports through the MIP software.

Pros

  • Run comparative financial statements (budget versus actual).
  • The ability to drill into report lines to find out more details about the entries.
  • Automate the recurrent transactions and reduce manual entries.
  • Customize reports.

Cons

  • Integration with other software.
  • The ability to reverse posted transactions.
  • More user-friendly.
  • Accurate financial reporting.
  • Successful integration with other software.
  • Same basic principles, easy to be trained by experienced users.
MIP was the software of choice due to its reporting capabilities and easy to learn structure. We looked at other alternatives that were more user-friendly but none of them came close to the performance of MIP. We are happy with the way MIP works for our non-profit organization.
I would recommend this software for advanced accounting users. It would be less appropriate for inexperienced clerks. Also, I found a lot of useful tips and tricks during the live training that I would have otherwise missed. It is a great reporting tool, with the ability to isolate some classes of assets and generate different report scenarios.

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