Shlomi Lavi /
Oct 01, 2022
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Bottom Line: Which is Better - FinancialForce Accounting or MIP Fund Accounting?
FinancialForce Accounting is more expensive to implement (TCO) than MIP Fund Accounting, and FinancialForce Accounting is rated higher (80/100) than MIP Fund Accounting (75/100). MIP Fund Accounting offers users more features (15) than FinancialForce Accounting (14).
Looking for the right Core Accounting 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:
Financial Force Vs. Abila Inc
Financial Force: FinancialForce.com is the cloud applications company. We focus 100% on building business applications for Force.com, the world’s leading cloud computing platform from salesforce.com. Our applications include Accounting, Billing, Professional Services Automation (PSA) and Services Resource Planning (SRP). We serve fast-growing organizations as well...
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? FinancialForce Accounting or MIP Fund Accounting?
The real total cost of ownership (TCO) of Core Accounting 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 FinancialForce Accounting and MIP Fund Accounting.
FinancialForce Accounting price starts at $9,000 per year , On a scale between 1 to 10 FinancialForce Accounting is rated 4, which is lower than the average cost of Core Accounting 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 Core Accounting software cost.
Bottom line: FinancialForce Accounting is more expensive than MIP Fund Accounting.
Which software includes more/better features?
We've compared FinancialForce Accounting Vs. MIP Fund Accounting based on some of the most important and required Core Accounting features.
FinancialForce Accounting: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Audit Trail, Billing & Invoicing, Budgeting & Forecasting, Credit Card Processing, Depreciation, Fixed-Assets.
MIP Fund Accounting: Accounts Payable, Accounts Receivable, Audit Trail, Balance Sheet, Billing & Invoicing.
Target customer size
FinancialForce Accounting is perfect for companies of all sizes, starting from small businesses to large multi-national enterprises. MIP Fund Accounting is suitable for all types of business.