MIP users' experience
Overall Satisfaction with MIP Fund Accounting
Currently it is being used by Fiscal Department only.
Pros
- Bank reconciliation.
- General ledger analysis.
Cons
- Reporting.
- Budgeting.
- Custom reports.
- Generally favorable.
- ROI is very reasonable.
- Has positive impact.
MIP gets our job done effectively and efficiently.
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 Feature Ratings
Support from Community Brands
very responsive and efficient
I have not used any training resources from Community Brands since the product is so user friendly
I have not used the Community brands of this product
Our organization uses the on-premise version could easily deployed in the cloud if we choose so.
Using MIP Fund Accounting
1 - Couple years of software and programming experience
- posting journal entries
- processing accounts payable
- processing accounts receivable
- running financial report
- reconciling bank account statements
- Using different filters functionality to customize our dash board report
- Reconciling cash function is a breeze
- Aging reports for both AP and AR
- Budgeting functionality
- Restricted and unrestricted fund accounting
10 - Fiscal department
Accounting department - financial reporting
A/P team
A/R team
Budgeting
Cash receipts
Accounting department - financial reporting
A/P team
A/R team
Budgeting
Cash receipts
Evaluating MIP Fund Accounting and Competitors
- Price
- Product Features
- Product Usability
since we are a non-profit organization cost plays a very important role in deciding product selection. MIP has adequate product features to suit our needs at a very reasonable price and the product is very user friendly
we have interviewed some other products but still believe MIP is our best selection
MIP Fund Accounting Implementation
- Implemented in-house
- Testing
- Parallel
- Final
MIP Fund Accounting Training
- No Training
The software is very user friendly and easily pick up as you work on the software
MIP Fund Accounting Support
Pros | Cons |
---|---|
Quick Resolution Good followup Knowledgeable team Problems get solved Kept well informed No escalation required Immediate help available Support understands my problem Support cares about my success Quick Initial Response | None |
yes, just in case for protection
Using MIP Fund Accounting
- Reconciling cash accounts against bank statements
- Running financial reports
- GL reconciliation and analysis
- Budgeting and financial planning & forecasting
Pros | Cons |
---|---|
Like to use Easy to use Technical support not required Well integrated Consistent Quick to learn Convenient Feel confident using Familiar | Unnecessarily complex |
MIP Fund Accounting Reliability
Integrating MIP Fund Accounting
- Budget Maestro
- Paylocity
Our IT department found the process pretty straight forward and easy. Seamless Data exchange allows data transfer between different software systems. This reduces the need for manual entry and helps maintain data accuracy & integrity.
- Paylocity - Payroll software
Yes
- File import/export
No
It's important to note that not all software applications may have pre-built integrations available for MIP Fund Accounting. In some cases, custom development or third-party tools may be required to establish the desired integration, which could add complexity and cost to the implementation.
Relationship with Community Brands
User Licensing fee & annual maintenance fees
Community Brands typically offers training resources, documentation, and customer support to assist users during the integration process.
Upgrading MIP Fund Accounting
Yes - The upgrade went through very smoothly with no major down time
- Allow work from home remotely easy
- Cloud version of upgrade reduces the costs of maintaining servers in multi-locations
Yes - To enhanced better reporting and create more custom reports to suit our company growth & need
Comments
Please log in to join the conversation