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MIP Fund Accounting Review
October 26, 2020

MIP Fund Accounting Review

Anonymous | TrustRadius Reviewer
Score 6 out of 10
Vetted Review
Verified User

Overall Satisfaction with MIP Fund Accounting (formerly Abila MIP)

MIP Fund Accounting is our accounting system of record for recording transactions for GAAP compliance. It is used only by the Finance department.
  • Availability of multiple segments for needed reporting functionality
  • Allocation module for automation of transactions
  • Free-form nature of MIP to design things as needed for your organization
  • It's not user-friendly. Could use a major user-interface overhaul
  • Learning curve is high.
  • MIP suggests using an outside app, Drillpoint, for its reporting. Its own reporting should be sufficient, but it is not.
  • The open-ended nature of MIP can lead to mistakes, such as reports not being designed properly, or leaving data out of reports.

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

Yes

Are you happy with MIP Fund Accounting's feature set?

No

Did MIP Fund Accounting live up to sales and marketing promises?

No

Did implementation of MIP Fund Accounting go as expected?

Yes

Would you buy MIP Fund Accounting again?

Yes

It's not uncommon for support to not have an answer for my problem, or an appropriate answer.
It isn't user friendly and it has a steep learning curve. It also has lots of bug-type issues that make using MIP frustrating.
We needed an option that included segment accounting due to the nature of our business (nonprofit accounting).
MIP Fund Accounting is good for basic accounting transactions. MIP segments allow for a wide variety of reporting options. MIP's allocation module is great for automating some journal entries. MIP is not user friendly, has a high learning curve, is not good for reporting, and can create issues with its lack of pre-defined reports.

MIP Fund Accounting Feature Ratings