Intacct vs. MIP Fund Accounting
Are you a nonprofit using Abila MIP Fund Accounting and considering making the switch to cloud-based, AICPA-endorsed Intacct?
You’re not alone. Many nonprofits have been exploring the lower cost of ownership that Intacct offers as well as the many benefits that a true cloud platform offers. We speak to many organizations that are interested in comparing Abila MIP Fund Accounting to Intacct.
Here are some of the issues that have triggered Abila MIP Fund Accounting users to explore Intacct:
There haven’t been any significant enhancements…in years.
When it comes to effective technology: it’s either evolving or it’s falling behind. Many nonprofits are concerned about having invested heavily in Abila MIP Fund Accounting and not seeing many significant enhancements – it’s basically the same feature set that came with the initial purchase of the software. And, there haven’t been any enhancements to reporting beyond offering a third party solution.
In fact, several products have been sunsetted…some mere months after being launched.
When companies build product portfolios through acquisition, it’s not unusual for there to be a strategy to eventually phase out, discontinue or “sunset” some products. It is, however, cause for concern if a new product is suddenly gone. Was it a bad design to begin with? Is the company simply unable to keep up with development, programming, and testing that goes along with launching a new product? The only good news is that it prevents more organizations from buying products that don’t work or aren’t competitive.
Maintenance and supports fees are significant with little, if anything, to show for the expenditure.
With industry M&S fees running between 15 and 22 percent of the licensing price, it’s a substantial price to pay for a mature software solution that hasn’t changed very much over the last three, five, seven years. With less and less going on with the software, wouldn’t that be a case for M&S fees going down rather than up? Nonprofit Finance Directors have been scratching their heads over the cost of the of M&S, noting that it doesn’t buy premium support and it doesn’t buy influence over future product strategy. There simply isn’t much to show for the money spent.
There’s no integration with other mission-critical applications in use in the organization.
Integration with other systems like fundraising, online giving, and niche specific applications like member management, case management, student tuition and administration, not to mention payroll, time and expenses, human resources to name just a few – all contribute to a complete view of the organization. Legacy systems are not designed with integration in mind.
Today’s nonprofits require so much more reporting and analysis than in years passed. Stakeholders are demanding increased transparency and accountability. Understanding KPIs and outcome metrics in real time is necessary for operational excellence. If your accounting system is holding you back, it’s probably time for a change.
A lot of money is wrapped up in server, network, and hardware maintenance, upgrades, and replacement.
Beyond the annual fees associated with Abila MIP Fund Accounting, your organization probably has a good chunk of money budgeted for server, network and hardware maintenance, upgrades, and eventual replacement. That’s a lot of money and a lot of work that is outside of the mission fulfillment.
Advancements in technology have dramatically contributed to freeing organizations from substantial hardware cost through cloud delivery of applications – Software as a Service (SaaS). SaaS also means that applications can be accessed on any device that provides access to an Internet browser – like smart phones, tablets, laptops, or traditional desktop workstations.
Does that sound familiar?
We hear it all the time. Nonprofits turn to Xanegy because we have years of experience with both solutions.
Nonprofits know that they can get a fair assessment from us because we are nonprofit accounting technology experts who understand both systems in a deep and comprehensive way.
Contact us today to learn whether Intacct is a better choice for your organization. After learning about your challenges as well as your aspirations, we’ll give you the best and most honest options for your organization.