1. Home
  2. Nonprofit Accounting Software
  3. MIP Fund Accounting Reviews
  4. User Review of MIP Fund Accounting
My MIP Fund Accounting Review
October 10, 2020

My MIP Fund Accounting Review

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

Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)

MIP Fund Accounting allows us to manage our diversified business lines across locations. By using the financial reporting functionality, we customize reporting that is viewed by the Board of Directors and C-Level Executives. In addition, customized reports are created for business line managers allowing them to focus on their individualized operations.
  • Flexibility with Financial Reporting
  • Integration of HR and Payroll functionality
  • Importing of Journal Vouchers
  • Integration of electronic timesheets.
  • Date tracking of when changes are made to distribution codes. These are used heavily and without a history, auditors become frustrated with trying to reconcile costs to the General Ledger.
  • Document scanning in HR could use a lot of work. My understanding is that you cannot scan documents and attach them to individual employees.
  • Prior to MIP Fund Accounting, we outsourced our HR and Payroll processing needs. Our ROI, factoring in these costs in addition to the implementation costs, was favorable after 3 years.

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

We went live July 1, 2020, and have reached out to support once. I utilized the Chat feature, which was very timely but couldn't resolve my problem so they gave me a number to call. I promptly called and was on hold for over 30 minutes before hanging up. I went online and opened up a ticket that was resolved in a day or two.
The help functions are throughout the application and are very useful in answering questions about the particular screen or function you are on.
We enjoy the ability to use distribution codes assigned to facilities and vehicles. This allows us to create a distribution that easily spreads a single expense item across multiple business lines thereby appropriately allocating costs to areas benefiting from them.

MIP Fund Accounting Feature Ratings