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Sage MIP Fund Accounting Software
 | 5 Reviews (4.6/5) |
Sage MIP Fund Accounting serves the financial management needs of government and nonprofit organizations. It is a popular solution, serving over 8,000 customers and winning the Campbell Award several times in a row for popularity and customer satisfaction. There’s a multitude of available modules, all of which are integrated with the General Ledger; they can be added as an organization changes and expands over time. Organizations of different sizes can benefit from the system, including both small companies and large ones in multiple different regions.
These modules range from standard components such as accounts payable/receivable and grant management to more specialized ones, such as visual analyzer, schedule, and employee web services. With this level of diversity, the ability to add modules over time is a valuable opportunity for users.
Reports can be created within the system, as opposed to requiring an external program. In addition, individual transactions in reports can be monitored closely with the Drill-down Analyzer. Clear audit trails are generated by the system as well. Combined with the customization options, such as user-defined fields, Sage MIP Fund Accounting is clearly a flexible and comprehensive accounting system for government and nonprofits.
The system can support multiple different budgets at once, managed over different time periods. Multiple different grants and projects can also be tracked over time, generating reports for each different task. Sage’s network of Authorized Business Partners offers implementation and training services for users. Online support resources are available as well.
5 Reviews of Sage MIP Fund Accounting
But as important as the software, is the software support. We at CNM relied heavily on the professionals at ProSoft Solutions for help in the design, implementations, and maintenance of our software. The team at ProSoft has added much value to our solution.
As an organization with over $100 million in assets, they were unable to produce financial statements; as the books were kept in 10 different companies. The various companies and funds were all set up in different fiscal years. As a CPA with over 30 years experience, I knew this was not going to work. I decided to make acquiring new software a high priority!
I was fortunate in that ProSoft Solutions was coming to El Paso, TX for a users group meeting and software demonstration for the SAGE MIP Fund Accounting system. I attended the meeting and reviewed the system with them to make sure it would accommodate the Tribe's needs.
Shortly thereafter we purchased the software and began the design process. The ProSoft staff were very knowledgeable and easy to work with. The design, implementation, and conversion process took approximately two months. Come January 2006 (the start of our fiscal year) we were live on the new system. The process was very easy, the training was comprehensive, and our staff was able to learn the new system rapidly.
Since we began using the SAGE MIP Fund Accounting system, we have been able to have our books in one organization, one fiscal year, and provide our Tribal Council and outside parties comprehensive internally prepared financial statements. We can also readily bill our grants, prepared budgetary to actual reports for all of managers, and produce numerous reports for financial analysis purposes.
We are currently using version 10.2.8.0. I am very impressed with the software and support we receive from both SAGE and ProSoft Solutions, and would recommend the software to other governmental entities.
The implementation team that I worked with was exceptional and very experienced! They were able to understand my organizational needs and meet them quickly. This system has audit trails and controls to the bottom level so that you can implement separation of duties as needed. You are also able to control the account coding combinations so that you limit any entry mistakes.
I would highly recommend this software in the non-profit arena.
It has now been almost 4 years since we moved to Sage MIP Accounting and we couldn't be happier. Our team adapted to the new system quickly and our implementation was extremely smooth. Information that once took hours to compile was instantly available in minutes. ProSoft Solutions did a wonderful job of helping us throughout the whole conversion process and has continued to be an asset to us.
In 2006, MJBI smoothly transitioned to Sage MIP Fund Accounting to satisfy its increased activities under the help of the software vendor Glenn Stephens from ProSoft Solutions. Sage MIP is easy to use; offers a flexible method of setting up account structures; and the ability to track the revenue and expenses by department and location. Sage MIP can produce accurate, meaningful and timely customized reports in various formats, which facilitates MJBI management and the board members to make important decisions based on our financial position. Sage MIP enabled us to perform some tasks that were previous done by the outside companies, such as budgeting and forecasting. Also, the remote access offers the convenience to access the accounting information when needed.
Another good thing about Sage MIP Accounting is its Maintenance and Support Plan, which includes the online knowledgebase, unlimited e-support and telephone support. The people in its Customer Support department are very knowledgeable and can solve our problems in a professional and timely fashion. Sage MIP Accounting has been performing all financial accounting and record keeping for MJBI. The system is working so well that we have received the good comment from the auditors since we implemented it.
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