Compare Raiser’s Edge NXT and MIP Fund Accounting - Sep 2022

Shlomi Lavi

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Bottom Line: Which is Better - Raiser’s Edge NXT or MIP Fund Accounting?

Raiser’s Edge NXT is more expensive to implement (TCO) than MIP Fund Accounting, and Raiser’s Edge NXT is rated higher (86/100) than MIP Fund Accounting (75/100). MIP Fund Accounting offers users more features (15) than Raiser’s Edge NXT (0).

Looking for the right Non-Profit 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:

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Who is more expensive? Raiser’s Edge NXT or MIP Fund Accounting?

The real total cost of ownership (TCO) of Non-Profit 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 Raiser’s Edge NXT and MIP Fund Accounting.

Raiser’s Edge NXT price starts at $5,000 per license , On a scale between 1 to 10 Raiser’s Edge NXT is rated 2, which is much lower than the average cost of Non-Profit 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 Non-Profit software cost.

Bottom line: Raiser’s Edge NXT cost is around the same cost of MIP Fund Accounting.

Which software includes more/better features?

We've compared Raiser’s Edge NXT Vs. MIP Fund Accounting based on some of the most important and required Non-Profit features.

Raiser’s Edge NXT: We are still working to collect the list of features for Raiser’s Edge NXT.

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

Target customer size

The main customer target of Raisers Edge NXT are the non-for-profit organizations or those small businesses (having less than 200 employees) to medium-sized (500 to 1,500 employees) engaging in non-profit activities, mainly those engaging with the use of fundraising and donor management. MIP Fund Accounting is suitable for all types of business.