Compare Accounts Payable Automation and MIP Fund Accounting - Mar 2022

Shlomi Lavi

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Bottom Line: Which is Better - Accounts Payable Automation or MIP Fund Accounting?

Accounts Payable Automation is more expensive to implement (TCO) than MIP Fund Accounting, and Accounts Payable Automation is rated higher (88/100) than MIP Fund Accounting (75/100). MIP Fund Accounting offers users more features (15) than Accounts Payable Automation (4).

Looking for the right Accounts Payable solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

ReadSoft Vs. Abila Inc

ReadSoft : ReadSoft has been a pioneer in P2P invoice automation since the 1990s, when the company first brought free-form technology for invoice processing to market. Today, ReadSoft continues to be a global leader in business document process automation, with 2,500+ accounts payable solution applications worldwide – more than double the total applications o...

Abila Inc: Abila serves strategic leaders and managers in dynamic nonprofit organizations and government agencies through high-value solutions. Organizations trust Abila to simplify and streamline processes in order to perform their best work and focus on delivering their unique mission. For Abila, it’s personal and backed by a team with more than 30 years o...

Who is more expensive? Accounts Payable Automation or MIP Fund Accounting?

The real total cost of ownership (TCO) of Accounts Payable software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for Accounts Payable Automation and MIP Fund Accounting.

Accounts Payable Automation price starts at $595 per license , On a scale between 1 to 10 Accounts Payable Automation Software is rated 6, which is similar to the average cost of Accounts Payable software. MIP Fund Accounting price starts at $0.10 per license , When comparing MIP Fund Accounting to its competitors, the software is rated 2 - much lower than the average Accounts Payable software cost.

Bottom line: Accounts Payable Automation is more expensive than MIP Fund Accounting.

Which software includes more/better features?

We've compared Accounts Payable Automation Vs. MIP Fund Accounting based on some of the most important and required Accounts Payable features.

Accounts Payable Automation: Accounts Payable, Accounts Receivable, Billing & Invoicing, Fixed-Assets.

MIP Fund Accounting: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Billing & Invoicing.

Target customer size

Customers of the software include businesses of all sizes and a variety of types from all over the world. MIP Fund Accounting is suitable for all types of business.