Compare TRAVERSE and MIP Fund Accounting - Mar 2022

Shlomi LaviShlomi Lavi / Mar 28, 2022

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Bottom Line: Which is Better - TRAVERSE or MIP Fund Accounting?

TRAVERSE is more expensive to implement (TCO) than MIP Fund Accounting, and TRAVERSE is rated higher (77/100) than MIP Fund Accounting (75/100). TRAVERSE offers users more features (20) than MIP Fund Accounting (15).

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:

Open Systems, Inc. Vs. Abila Inc

Open Systems, Inc.: For over 35 years, Open Systems has collaborated with partners, consultants, and developers to deliver adaptable solutions. Together, our reselling partners, dedicated support staff, and enthusiastic employees stand ready to help you achieve your goals.With adaptable solutions, friendly service, extensive experience, and an ever-present eye on new ...

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? TRAVERSE 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 TRAVERSE and MIP Fund Accounting.

TRAVERSE price starts at $1,200 per license , On a scale between 1 to 10 TRAVERSE is rated 6, which is similar to 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: TRAVERSE is more expensive than MIP Fund Accounting.

Which software includes more/better features?

We've compared TRAVERSE Vs. MIP Fund Accounting based on some of the most important and required Core Accounting features.

TRAVERSE: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Accounts Payable, Accounts Receivable, Billing & Invoicing, Budgeting & Forecasting, Cash Flow, Fixed-Assets, General-Ledger, P&L Statement.

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

Target customer size

Traverse is best for small to large sized businesses and enterprises. MIP Fund Accounting is suitable for all types of business.



TRAVERSE

ITQlick rating
(5/5)

starts at $1,200 per license

Traverse is an ERP Software System and a Business Management Solutions program. The software creates modular and economical solutions for enterprise resource planning and business accounting. The software was d...

Categories: Fixed Asset Management, Recurring Billing, Billing & Invoicing, Budgeting & CPM.

MIP Fund Accounting

ITQlick rating
(4.2/5)

starts at $0.10 per license

MIP Fund Accounting is financial management software that was initially designed for nonprofits and government organizations. It offers all the necessary solutions for business finances and has over 8,000 custo...

Categories: Accounting & Finance, Billing & Invoicing, Budgeting & CPM, Core Accounting, Financial reporting.

Compare specifications

Compare features

TRAVERSE: 20 Features

Accounts Payable
Accounts Receivable
Billing & Invoicing
Budgeting & Forecasting
Cash Flow
Fixed-Assets
General-Ledger
P&L Statement
Project-Accounting
Sales Reporting
Tax compliance
Accounting Module
Business Intelligence Module
CRM Module
Human Resources Module
Inventory Management Module
Manufacturing Module
Procurement Module
Project Management Module
Supply Chain Management Module

MIP Fund Accounting: 15 Features

Accounts Payable
Accounts Receivable
Audit Trail
Balance Sheet
Billing & Invoicing
Budgeting & Forecasting
Check Printing
Credit Card Processing
Fund-Accounting
General-Ledger
Multi-Currency
P&L Statement
Sales Reporting
Tax compliance
Time & Expense
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality score
Software review
Compare
TRAVERSE
ITQlick rating
5/5
Score
77/100
Pricing
6/10
License pricing
$1,200 per license
Functionality
46
Compare
MIP Fund...
ITQlick rating
4.2/5
Score
75/100
Pricing
2.8/10
License pricing
$0.10 per license
Functionality
29
QuickBoo...
ITQlick rating
4.2/5
Score
99/100
Pricing
5/10
License pricing
$12.50 per month
Functionality
7
Wave Acc...
ITQlick rating
4.4/5
Score
97/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
8
Zoho Boo...
ITQlick rating
4.4/5
Score
96/100
Pricing
2.4/10
License pricing
$10 per organizer/month
Functionality
9

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.