Sage Intacct vs MIP Fund Accounting: Which is Right for You?
Compare the features of both Sage Intacct vs MIP Fund Accounting software packages to determine the best fit for your company.
How to Choose Between Sage Intacct and MIP Fund Accounting
Are you in need of an upgrade to your financial systems? Small and medium-sized organizations using older fund accounting or financial accounting solutions often look for ways to improve efficiencies. Whether you need to keep up with organizational growth or learn how to do more with less, chances are you may be evaluating MIP Fund Accounting vs Sage Intacct.
Here at DWD, we have experience with both and are in a unique position to help you decide. As a Sage Software Certified Partner since 2001, our experts can help you understand the differences and how to make the best choice for your organization.
MIP Fund Accounting Features & Benefits
MIP Fund Accounting specializes in nonprofits. MIP began as an on-premises system with a cloud version released in 2015. MIP has been a great fund accounting solution for nonprofits since 1982.
It offers flexible reporting, budgeting, and built-in alerts for fraud detection. Based in Austin Texas, MIP has about 117 employees and 4,000 customer installations.
True, multi-dimensional chart of accounts
Track, manage and report on individual funds from multiple sources across multiple budget periods.
Robust payroll and human resource management
Fully integrated payroll and human resources modules allow you to streamline your processes and make information updates all in one place.
Advanced security and fraud protection
MIP allows customers to build in alerts to detect fraud: large cash disbursements, suspicious transactions, or changes to internal reports.
See Also: How to Use MIP Audit Trail Features
Sage Intacct Features & Benefits
Sage Intacct is a great fit for nonprofits as well as other businesses and industries. In addition, Sage Intacct also includes integrated ERP functionality beyond financials.
A true cloud solution featuring open APIs that make integrations easy, Sage Intacct provides the tools you need to empower your team to do more with less.
Providing what nonprofits need now and into the future
Sage Intacct is a modern, best-in-class cloud accounting solution that provides the flexibility, real-time visibility, and automation of key processes that forward-looking nonprofits need. Best of all, it’s easy to use, which will enable your team to update and streamline accounting and administrative processes including; automating manual tasks, provide better reporting and connect data across your nonprofit.
Flexibility and automation
Stop relying on cumbersome workarounds that leave your team over-reliant on spreadsheets and manual entry. Sage Intacct has a configurable design that saves time and money by automating your operational workflow processes, as well as your tracking and reporting toolsets.
Create dashboards and reports relevant to your organization’s specific mission so decision-makers can track performance and have quick access to reliable data and key metrics. Sage Intacct allows you to quickly drill down with instant visibility to any level of detail you need.
Efficiencies for multiple entities
Multi-entry, multidimensional architecture provides streamlined access for operational oversight of multiple organizations helping you to bring it all together – quickly and accurately.
Ease of connection with other solutions
Eliminate information silos by connecting with your current solutions — including fundraising, payroll, CRMs like Salesforce, ecommerce, point of sale, tax management, time & expense — and with future solutions. Sage Intacct partners with over 200 software solution providers to give you the functionality to meet your organization’s needs.
Ability to leverage the power of modern cloud technology
Lower your maintenance and operational costs while taking advantage of the many benefits of a modern cloud computing solution. You will have the benefit of any time, anywhere access from any browser and device.
Sage Intacct is a leader on the G2 NFP Accounting Software grid as well as the only preferred provider of the American Institute of Certified Public Accountants (AICPA). The organization has nearly 1,000 employees and over 12,000 customers worldwide.
Sage Intacct vs MIP General Ledger Feature Comparison
The following chart comes from a third party, Trust Radius, as part of their software review.
Resources for Nonprofits:
Nonprofit Accounting Software Buyer’s Checklist
Nonprofit Financial Reporting and Dashboards
Buyers Guide to Accounting and Financial Software
Safeguard Protected Health Information
Choosing the Right Solution
When comparing Sage Intacct vs MIP Fund Accounting, it’s important to know what processes and improvements you want that your current system doesn’t support in order to understand the value of a true-cloud solution for your business now and into the future. Ultimately, you need to choose the solution that best fits the criteria you choose for your business.
But you don’t need to make that choice on your own. DWD offers a free Software Needs Assessment to help you dive deep into the difference between Sage Intacct vs MIP Fund Accounting to find the best software for your unique needs. Our experts can help you choose the right solution for your requirements.