MIP Fund Accounting

About MIP Fund Accounting

MIP Fund Accounting is a comprehensive, configurable fund accounting solution. With its end-to-end suite of functionality and multi-segmented chart of accounts MIP is designed to meet and handle the complex financial management and fund accounting needs of nonprofit and government organizations. Software is provided via a secure cloud offering and can also accommodate on-premises deployment.

MIP Fund Accounting allows users to manage funds and finances across the entire organization by tracking and reporting on transactions in a precise yet flexible manner via real time reports. Specific grants and funds with an unlimited number of segments can be easily set up and customized to the particular needs and structure of the organization. MIP Fund Accounting enhances visibility with its ability to compare budgets to actuals and budgets by individual grant or program, and enable forecasting with "what-if" scenario calculations. The software's built-in report writer provides over 160 reporting templates and enables user-based tailoring to generate a full spectrum of reports, grant reports, and financial statements. An optional advanced reporting module can be added if more detailed reporting is required.

With robust security and fraud prevention functionality the MIP Fund Accounting system can track side activities performed by employees, flag suspicious transactions, automatically revoke system access after an employee is terminated, and mask vendor account information to keep it from being misused. MIP delivers a fully integrated HR Management Suite to support human resource management, payroll, employee web services, timesheets, and benefit enrollment from one, single solution. Multicurrency, allocations management, procurement and electronic requisitions, and fixed asset modules can be added to the core solution as well as an API that helps connect MIP Fund Accounting to a number of third party systems.