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Financial Edge (legacy) vs. MIP Fund Accounting

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Financial Edge (legacy)

    Score6.8 out of 10
    N/AA legacy software offering, Blackbaud now instead offers and supports their cloud-based accounting solution, Blackbaud Financial Edge NXT as a modern alternative.N/A

    MIP Fund Accounting

    Score8.7 out of 10
    N/AMIP 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
    Financial Edge (legacy)MIP Fund Accounting
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    Financial Edge (legacy)MIP Fund Accounting
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoYes
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    Community Pulse
    Financial Edge (legacy)MIP Fund Accounting
    Considered Both Products
    Discontinued Products
    No answer on this topic
    Momentive Software
    Chose MIP Fund Accounting
    That was so long ago it's hard to remember. I think we looked at Blackbaud back in 2004.
    Incentivized
    Chose MIP Fund Accounting
    They did not have NXT when we began with Blackbaud. While it also had its problems, it had some things that I liked better and some not so much. I think that is true with all integrated systems.
    Incentivized
    Chose MIP Fund Accounting
    MIP Fund Accounting was a more cost-effective solution. I did not like that Blackbaud was not developing an integrated payroll module for NXT.
    Incentivized
    Chose MIP Fund Accounting
    Will be reviewing a demo soon.
    Incentivized
    Chose MIP Fund Accounting
    TCO, reporting, flexibility and support are at the level you require in a large non-profit arena.
    Incentivized
    Chose MIP Fund Accounting
    We looked at a couple other software programs but liked the reporting functions of MIP and support we received from Diane Shey of Clark Nuber.
    Incentivized
    Chose MIP Fund Accounting
    I don't think there are many comparable alternatives. I have used Financial Edge/Raisers Edge in the past. I felt the reporting was not as robust but I did like the ability to enter donations into Raiser's Edge and import them.

    The less expensive alternatives such as QuickBooks …
    Incentivized
    Chose MIP Fund Accounting
    Despite it's higher cost, MIP offers the most flexibility with reporting than other programs which while less expensive, were more cumbersome to use and reporting set up was more labor intensive.
    Incentivized
    Chose MIP Fund Accounting
    MS dynamics is a good program, however, it is general business software, so it is not specific to NFP accounting. It is also expensive relative to MIP, and would have required require some customization or workarounds to tailor it to specifically NFP accounting.
    Incentivized
    Chose MIP Fund Accounting
    Better than Financial Edge but trailing all others
    Incentivized
    Key User Insights
    Would buy again
    No answers on this topic
    No answers on this topic
    Delivers good value for the price
    No answers on this topic
    No answers on this topic
    Happy with the feature set
    No answers on this topic
    No answers on this topic
    Lived up to sales and marketing promises
    No answers on this topic
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    No answers on this topic
    Features
    Financial Edge (legacy)MIP Fund Accounting
    Payroll Management
    Comparison of Payroll Management features of Financial Edge (legacy) and MIP Fund Accounting
    Feature
    Financial Edge (legacy)
    1.0
    4 Ratings
    MIP Fund Accounting
    -
    Ratings
    Pay calculation1.03 Ratings00 Ratings
    Benefit plan administration1.02 Ratings00 Ratings
    Direct deposit files1.02 Ratings00 Ratings
    Salary revision and increment management1.03 Ratings00 Ratings
    Reimbursement management1.04 Ratings00 Ratings
    Customization
    Comparison of Customization features of Financial Edge (legacy) and MIP Fund Accounting
    Feature
    Financial Edge (legacy)
    1.0
    7 Ratings
    MIP Fund Accounting
    -
    Ratings
    API for custom integration1.05 Ratings00 Ratings
    Plug-ins1.07 Ratings00 Ratings
    Security
    Comparison of Security features of Financial Edge (legacy) and MIP Fund Accounting
    Feature
    Financial Edge (legacy)
    1.0
    9 Ratings
    MIP Fund Accounting
    -
    Ratings
    Single sign-on capability1.06 Ratings00 Ratings
    Role-based user permissions1.09 Ratings00 Ratings
    Reporting & Analytics
    Comparison of Reporting & Analytics features of Financial Edge (legacy) and MIP Fund Accounting
    Feature
    Financial Edge (legacy)
    1.0
    9 Ratings
    MIP Fund Accounting
    -
    Ratings
    Dashboards1.09 Ratings00 Ratings
    Standard reports1.09 Ratings00 Ratings
    Custom reports1.09 Ratings00 Ratings
    General Ledger and Configurable Accounting
    Comparison of General Ledger and Configurable Accounting features of Financial Edge (legacy) and MIP Fund Accounting
    Feature
    Financial Edge (legacy)
    1.0
    10 Ratings
    MIP Fund Accounting
    -
    Ratings
    Accounts payable1.09 Ratings00 Ratings
    Accounts receivable1.07 Ratings00 Ratings
    Cash management1.09 Ratings00 Ratings
    Bank reconciliation1.010 Ratings00 Ratings
    Expense management1.08 Ratings00 Ratings
    Time tracking1.04 Ratings00 Ratings
    Fixed asset management1.08 Ratings00 Ratings
    Multi-currency support1.05 Ratings00 Ratings
    Multi-division support1.06 Ratings00 Ratings
    Regulations compliance1.07 Ratings00 Ratings
    Electronic tax filing1.04 Ratings00 Ratings
    Self-service portal1.07 Ratings00 Ratings
    Global Financial Support1.06 Ratings00 Ratings
    Primary and Secondary Ledgers1.08 Ratings00 Ratings
    Intercompany Accounting1.08 Ratings00 Ratings
    Localizations1.05 Ratings00 Ratings
    Journals and Reconciliations1.08 Ratings00 Ratings
    Enterprise Accounting1.06 Ratings00 Ratings
    Configurable Accounting1.07 Ratings00 Ratings
    Centralized Rules Framework1.06 Ratings00 Ratings
    Standardized Processes1.07 Ratings00 Ratings
    Inventory Management
    Comparison of Inventory Management features of Financial Edge (legacy) and MIP Fund Accounting
    Feature
    Financial Edge (legacy)
    1.0
    3 Ratings
    MIP Fund Accounting
    -
    Ratings
    Inventory tracking1.02 Ratings00 Ratings
    Automatic reordering1.02 Ratings00 Ratings
    Location management1.03 Ratings00 Ratings
    Manufacturing module1.02 Ratings00 Ratings
    Order Management
    Comparison of Order Management features of Financial Edge (legacy) and MIP Fund Accounting
    Feature
    Financial Edge (legacy)
    1.0
    2 Ratings
    MIP Fund Accounting
    -
    Ratings
    Pricing1.02 Ratings00 Ratings
    Order entry1.02 Ratings00 Ratings
    Credit card processing1.02 Ratings00 Ratings
    Cost of goods sold1.02 Ratings00 Ratings
    Order Orchestration1.02 Ratings00 Ratings
    End-to-end order visibility1.02 Ratings00 Ratings
    Order exception Resolution1.02 Ratings00 Ratings
    User Ratings
    Financial Edge (legacy)MIP Fund Accounting
    Likelihood to Recommend
    1.0
    (10 ratings)
    8.7
    (434 ratings)
    Likelihood to Renew
    -
    (0 ratings)
    9.5
    (130 ratings)
    Usability
    2.0
    (1 ratings)
    8.3
    (100 ratings)
    Availability
    -
    (0 ratings)
    10.0
    (15 ratings)
    Performance
    -
    (0 ratings)
    8.7
    (90 ratings)
    Support Rating
    1.0
    (1 ratings)
    8.5
    (99 ratings)
    In-Person Training
    -
    (0 ratings)
    10.0
    (9 ratings)
    Online Training
    -
    (0 ratings)
    8.0
    (7 ratings)
    Implementation Rating
    -
    (0 ratings)
    6.1
    (28 ratings)
    Configurability
    -
    (0 ratings)
    8.4
    (8 ratings)
    Ease of integration
    -
    (0 ratings)
    9.6
    (13 ratings)
    Product Scalability
    -
    (0 ratings)
    8.1
    (15 ratings)
    Vendor post-sale
    -
    (0 ratings)
    9.7
    (13 ratings)
    Vendor pre-sale
    -
    (0 ratings)
    8.9
    (13 ratings)