Shlomi 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.