Expensify vs. MIP Fund Accounting

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Expensify
Score 7.6 out of 10
N/A
Expensify automates the entire spend management process. Scan receipts, track mileage, submit and approve expenses, manage corporate cards, reimburse employees, pay bills, send invoices, and book travel. Built for individuals and companies of all sizes, anywhere in the world.
$5
per month per user
MIP Fund Accounting
Score 8.7 out of 10
N/A
MIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.N/A
Pricing
ExpensifyMIP Fund Accounting
Editions & Modules
Collect
$5
per month per user
Control
$9
per month per user
No answers on this topic
Offerings
Pricing Offerings
ExpensifyMIP Fund Accounting
Free Trial
YesNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
ExpensifyMIP Fund Accounting
Considered Both Products
Expensify
Chose Expensify
It is better since Expensify covers a multitude of different expensible options. Motus is nice as it tracks your location for the most accurate milage usage reading but also that features heavily drains my phone battery so it is very nice to just map it myself and put in later …
Chose Expensify
Expensify by far passes Excel on keeping track of expenses and reconciling. The report function is also relatively easy to use. The ability to graph is an excellent asset as well.
Chose Expensify
Concur was more expensive but offered a few other things that worked better on a corporate platform. For me personally I chose Expensify based on the lower cost and better access to what makes a difference to me on a local sales rep level. I don't use Expensify to do invoicing, …
Chose Expensify
Expensify is the only product ever used for covering travel expenses and I see no reason to try anything else.
Chose Expensify
12/10 prefer Expensify over Oracle.

From user friendliness, to support, and selfishly, the overall look and design of Expensify blows other finance software out of the water.
Chose Expensify
Expensify is simpler and more user-friendly, especially for individual use. The scan receipt function and the straightforward reporting process are key advantages. I chose Expensify because it’s quick to set up and handles most tasks without overcomplicating things.
Chose Expensify
I did not selected Expensify but I found it very easy to use
Chose Expensify
Uncomplicated
Great UX
Brilliant comms
Chose Expensify
Expensify simplifies the process without a lot of unnecessary bells and whistles
Chose Expensify
I have not evaluated or used anything similar for expense tracking. I did it manually before.
Chose Expensify
Way easier to use, way better mobile experience, the Receipt Scanning capability works and Concur doesn't even offer it. Way more flexible form requirements. Overall significantly better.
Chose Expensify
Expensify is so much better!!! TravelPerk had us spending hours on the phone with their concierge to get the best travel options, to rebook cancelled or delayed travel, and to make any changes to the itinerary before a trip. It was clunky and ineffective. We often lost money …
Chose Expensify
Expensify is much easier to use from what I hear. I was not at the company when they were using Certify but there were fewer automations and people did not like it.
Chose Expensify
Expensify was much more user friendly and most cost effective than the others.
Chose Expensify
I've used "old school" clunky web based interfaces that do not work on mobile in the past. It used to be a painful struggle when back in the office when returning from a business trip and get everything in.
Chose Expensify
For us the deal was with the cost per user. We are a small company with a tight budget and basic expense management needs, so although there are plenty of tools in the market for expense management, it was way over our budget. I needed also to be able to implement it and manage …
Chose Expensify
Before it was always just taking pics and sending to office.
Chose Expensify
Concur has an integration to the CRM system, perhaps more robust with travel options, but it's also more complicated to use in my opinion. An overkill for a small business
MIP Fund Accounting
Chose MIP Fund Accounting
I've had limited use of Quickbooks, but I think MIP Fund Accounting is far superior with the options and capabilities
Chose MIP Fund Accounting
We have looked into other programs such as Classy and GiveGab/Greater Giving. While the customization on the forms for those alternatives are better, the prices for those programs are just too high.
Chose MIP Fund Accounting
I've utilized other ERP accounting software like Infor, NetSuite, and MS Dynamics, to name a few. MIP Fund Accounting offers flexibility and room for growth while not being overly heavy on your team to maintain it. And, we're now learning more about the add-on's and more …
Chose MIP Fund Accounting
Abila MIP Fund Accounting was already in place with the Agency I am currently employed with, when I started my position there. I was able to teach Sage to myself, but Abila has been a little bit more complex as far as that goes, at least in my opinion.
Chose MIP Fund Accounting
While I feel Sage Intacct is a good software, it does not suite the needs of the organization the way MIP does. As I had mentioned, the Knowledgebase that MIP Fund Accounting has is an incredible tool that makes it so much easier for us to find solutions and to get the help we …
Chose MIP Fund Accounting
Much better user interface and menu structure.
Chose MIP Fund Accounting
I only used CATALYST Accounting software for a few months but thought it was very cumbersome, especially at year-end when a hard close was needed.
Chose MIP Fund Accounting
We chose MIP Fund Accounting for a better cost especially for non-profit industry over Quickbooks.
Chose MIP Fund Accounting
Our county still has EDEN - we use MIP for our grant and contract tracking because MIP is much more flexible to track the Data and run reports from. EDEN is impossible to do the kind of tracking that we need to track and bill our grants and contracts.
Chose MIP Fund Accounting
MIP Fund Accounting is the only financial software program that I have used for the purpose of consolidating financial data, and it seems to perform that function with a minimal learning curve. My employer is a non-profit entity. MIP Fund Accounting is built to function for …
Chose MIP Fund Accounting
That was so long ago it's hard to remember. I think we looked at Blackbaud back in 2004.
Chose MIP Fund Accounting
I prefer MIP to the other software I have been exposed to based on cost, ease of use, and functionality. I have tried Blackbaud about 14 years ago and was not impressed as it was hard to use and not intuitive at all. As for quickbooks, I have not used that program in mane …
Chose MIP Fund Accounting
MIP Fund works well such as one competitor I have used before. Adapting to other online program software systems is the only thing I can think of that MIP could do better. But primarily as a non-profit with little time on hand and always overworked, a simpler software program …
Chose MIP Fund Accounting
I did not initiate the purchase of MIP. The software has been within the organization more than five years.
Chose MIP Fund Accounting
MIP HR Management works well for us because MIP was able to help us on personalizing the software according to our needs for better performance.
Chose MIP Fund Accounting
Compared to other software I've used, MIP is by far the most user friendly and easiest to operate that've I've seen. Reports are easy to run, and I love being able to narrow down the information to only pull specific items.
Chose MIP Fund Accounting
The HRA used RealPage (I'm not sure if it is actually the one listed above), and it did not work well. I'm not sure if it wasn't set up well, designed for larger property management companies, or just not good software, but it did not suit our needs at all. We chose a different …
Chose MIP Fund Accounting
We are in the very first stages of looking at alternative accounting software. Abila MIP Fund Accounting was implemented at our organization before I started and our organization has now outgrown the system.
Features
ExpensifyMIP Fund Accounting
Expense Management
Comparison of Expense Management features of Product A and Product B
Expensify
8.4
Ratings
2% below category average
MIP Fund Accounting
-
Ratings
Employee Expense Reporting8.90 Ratings00 Ratings
Corporate Card Reconciliation7.80 Ratings00 Ratings
Payment Management
Comparison of Payment Management features of Product A and Product B
Expensify
7.5
Ratings
9% below category average
MIP Fund Accounting
-
Ratings
Customizable Approval Policies6.60 Ratings00 Ratings
Financial Document Management8.20 Ratings00 Ratings
Payment Status Tracking8.30 Ratings00 Ratings
Payment Audit Trail8.70 Ratings00 Ratings
Duplicate Bill Detection6.70 Ratings00 Ratings
Advanced OCR6.60 Ratings00 Ratings
Electronic Funds Transfer7.90 Ratings00 Ratings
Best Alternatives
ExpensifyMIP Fund Accounting
Small Businesses
Dext
Dext
Score 9.8 out of 10
QuickBooks Online
QuickBooks Online
Score 8.3 out of 10
Medium-sized Companies
Precoro
Precoro
Score 2.8 out of 10
Sage Intacct
Sage Intacct
Score 8.6 out of 10
Enterprises
Emburse Chrome River
Emburse Chrome River
Score 9.1 out of 10

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
ExpensifyMIP Fund Accounting
Likelihood to Recommend
9.1
(0 ratings)
8.7
(0 ratings)
Likelihood to Renew
10.0
(0 ratings)
9.5
(0 ratings)
Usability
7.0
(0 ratings)
8.3
(0 ratings)
Availability
-
(0 ratings)
10.0
(0 ratings)
Performance
-
(0 ratings)
8.7
(0 ratings)
Support Rating
8.5
(0 ratings)
8.5
(0 ratings)
In-Person Training
-
(0 ratings)
10.0
(0 ratings)
Online Training
-
(0 ratings)
8.0
(0 ratings)
Implementation Rating
-
(0 ratings)
6.1
(0 ratings)
Configurability
-
(0 ratings)
8.4
(0 ratings)
Ease of integration
-
(0 ratings)
9.6
(0 ratings)
Product Scalability
-
(0 ratings)
8.1
(0 ratings)
Vendor post-sale
-
(0 ratings)
9.7
(0 ratings)
Vendor pre-sale
-
(0 ratings)
8.9
(0 ratings)
User Testimonials
ExpensifyMIP Fund Accounting
Likelihood to Recommend
I think it's really good for small businesses. At least in the way we use it. It's very good for keeping an eye on employee spending in nearly real time. I'm not sure how it works for larger companies when there is a larger number of people to keep track of.
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MIP Fund Accounting works very well for general fundraising. The form creation process is easy and allows you to set parameters and add fees, quantities, images, etc. This process is smooth on the customer (forward-facing) side as well. Reports are generated once the transactions have gone through, making tracking and reconciliation with accounting easy.
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Pros
  • I am able to submit my mileage and the great feature to put the starting destination and end destination. It auto populates the mileage for you!
  • The coniserge is helpful and reminds me when I did not do certain things like submit my report. That’s a nice feature!
  • I am able to submit my expenses quickly and it scans the receipts or you can upload a picture of them very quickly.
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  • General Ledger processing, including journal entries and reports
  • Ability to download all reports directly to Excel and PDF formats
  • Use of Grant codes to enable grant reporting by month/quarter/year
  • Ability to have multiple departments and consolidate into groups for reporting
  • Accounts Payable and Accounts Receivable cannot be out of balance
  • Multiple ways to use the product including Cloud and Classic options, Visual menu or Standard (Top of screen) menus to select processes, many options we are not using in our simple organization
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Cons
  • Cant choose for specific lines of non -reimbursable expenses to several credit cards. only one preconfigured.
  • there are limited cards to choose for with Expensify Travel as a corporate cards.
  • The policy rules are pretty basic. i would like to have more granular options
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  • With the payroll process, if there is an error in sending the stubs through email, there is no option to resend without a restore. That really needs to change.
  • Being able to void encumbrance at the same time as a PO would be an incredible time saver.
  • When processing W2 the system deletes info.
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Likelihood to Renew
Our company will use Expensify for as long as it will fit our purposes. However, it is obvious that once the fast-growing company will reach a certain size, we will need to transition to a more complex system. For our current purposes however, Expensify is great and I would recommend it to everyone
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I give MIP a 10 because Our organization use MIP Fund Accounting ever since I've been there and that's been for over 20 plus years for all of our accounting and payroll. MIP has stayed on the cutting edge of technology, ever evolving to meet the needs of the times, especially post pandemic, while many are working remotely! MIP support staff are very knowledgeable and efficient. Even new users can get up to speed quickly with MIP Fund Accounting.
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Usability
So simple to set up and use. It was easy to roll out to all our staff! The demos, instructions, and FAQ's were well written and enabled us to train our staff quickly. We have frontline employees who have mastered the system in a day. The scalability is also perfect. We are able to start with just a few cards and grew that number as our organization needed without any problems.
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I don't know what it would be like in the for-profit arena, but for the non-profit arena, it is an excellent product. I love how you don't actually have to close years and are able to get information that spans over the year-end. And the grant tracking is excellent too. It is just an excellent accounting system.
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Reliability and Availability
No answers on this topic
I have rarely encountered any issues accessing MIP Fund Accounting over the years. On the rare occasions when availability was interrupted, the reasons were always found in-house when using the on-premises version. Since we have migrated to the MIP cloud, we have had no issues with availability. Any maintenance or updates are always communicated to us and are usually done outside of business hours.
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Performance
No answers on this topic
MIP Fund Accounting is an important asset for performing search queries. If I had to do a historical search query without MIP Fund Accounting, I very well might have to pull data from three different programs, turn each piece into like-data myself, and then consolidate it all down into interpretive data. MIP Fund Accounting does it all by itself and has a wide array of ways to filter down as specifically or broadly as you want for any given query.
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Support Rating
Our rep has been amazing. He has built custom reports for us that have been very time consuming and difficult. Our reps are also currently looking into new submission solutions for us that we are excited about. They came up with this and recommended it on their own without me complaining about an issue. They are about our success and are very excited about the product they offer.
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I have not reached out to MIP for technical support; however, their website offers great help resources so I can solve an issue on my own. Another team member reached out to MIP for support and was helped quickly. The transition process took longer than expected due to a lag in communication.
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In-Person Training
No answers on this topic
There are no specifics on what happens if you make one choice or another to know which is the best selection. This is true for JVs and AP. In training we were not given specifics of what happens when one possibility is selected over another.
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Online Training
No answers on this topic
The training with Laura was amazing. She had answered all our questions and customized the training to our needs that we are working with and trying to address using MIP accounting. The only thing I wish that could come out of the trainings was to have permanent access to the recordings of our paid trainings we received. They recordings of the training only last for a short time before it goes away which makes it hard to go back and re-watch and learn.
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Implementation Rating
The implementation process went rather smoothly, linking it to the bank and cards was handled easily. without too many unnecessary steps. Getting the accounts setup did take some time, but that would be true with any organization. All in all things went smoothly and I was very pleased with the setup and implementation process
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Again, I was not directly involved with the planning and setup of the software. However, I was involved in training my staff during the implementation phase. As with any software implementation, consistency of training is key and a willingness to seek out help from Customer Support helps tremendously to insure accuracy of information and training.
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Alternatives Considered
Concur is the only formal software I've used, though I think this was only used in my PhD program (2010-2014), so in fairness, it's been a while. I remember Concur being just OK. It was certainly easier to use than the 'upload documents to email' process my former employer had instituted, but it was not Expensify-level smart and easy. At least back then, there was no simple drag-and-drop document parsing for example.
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I've utilized other ERP accounting software like Infor, NetSuite, and MS Dynamics, to name a few. MIP Fund Accounting offers flexibility and room for growth while not being overly heavy on your team to maintain it. And, we're now learning more about the add-on's and more advanced capabilities to leverage with our team.
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Scalability
No answers on this topic
MIP is easy to install and use on my work laptop. I can still use the software when travelling for work or when working from home. It is always reliable and effective. This applies to other people on our organization as well. Employees who need access to the MIP database are able to access it from their desktop computers or laptops
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Return on Investment
  • Positives include - timely expense reports to reconcile our fiscal year financials
  • Negatives include - the monthly service fee per employee (even if no expenses were generated that month) - it is not cost effective for ALL of our employees to utilize the application.
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  • When used, it also visibility to how we are using our allotted Government funds. It allows us to make sure we are being efficient with those dollars.
  • MIP Fund Accounting allows us to be more accurate in posting expenses. It allows us to be sure of which accounts are we are posting to. We can pull those accounts in real time and make sure that our entries are having the desired effect on the accounts involved.
  • MIP Fund Accounting allows accountability in that we can see who posted what, when they posted, and to which accounts they posted.
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ScreenShots

Expensify Screenshots

Screenshot of the dashboard used to manage expenses, book travel, reimburse employees, and create expense reports.Screenshot of corporate cards. The Expensify Card offers cash back on every US purchase.

MIP Fund Accounting Screenshots

Screenshot of MIP Advance™ Dashboards with drilldownScreenshot of MIP™ Transactions WorkflowScreenshot of MIP DashboardsScreenshot of MIP DashboardsScreenshot of MIP Dashboard drilldownScreenshot of MIP Transactions