MIP Fund Accounting

What is MIP Fund Accounting?

MIP Fund Accounting is a configurable fund accounting solution designed to meet the complex financial management and fund accounting needs of nonprofit and government organizations. The solution provides a comprehensive, end-to-end suite of functionality, including general ledger, accounts payable and receivable, budgeting, human resource management, payroll, fixed assets, and advanced security features. MIP Fund Accounting can be deployed on-premises or in a secure cloud environment, and it 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

Highlights

• Customizable chart of accounts with an unlimited number of segments to accommodate the specific needs and structure of the organization
• Ability to compare budgets to actuals and budgets by individual grant or program, and enable forecasting with "what-if" scenario calculations
• Robust security and fraud prevention functionality, including the ability to track side activities performed by employees, flag suspicious transactions, automatically revoke system access after an employee is terminated, and mask vendor account information
• Integrated HR Management Suite to support human resource management, payroll, employee web services, timesheets, and benefit enrollment
• Multicurrency support, allocations management, procurement and electronic requisitions, and fixed asset modules available as add-ons
• API integration to connect MIP Fund Accounting to a number of third-party systems