K2 Enterprises Review of MIP

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Accounting Software World
An Independent Review of Today's Top Accounting and Financial Management Solutions

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Randy Johnston Editor-In-Charge - Dr. Bob Spencer Editor-At-Large

Sage MIP Fund Accounting – Sage

http://www.sagenonprofit.com/

Category: Not-for-Profit Solution for Small to Medium Enterprise

Best Fit

· Not-for-profit organizations and institutions, governmental entities

· 5-50 users with complex reporting needs and grant tracking

Strengths

· Flexible Reporting - dynamic Drill-down Analyzer to review the individual transactions that make up the balances on reports

· Built in intuitive navigator to make the system easier to learn (important in an NFP environment with significant turnaround, or volunteer users)

· Enhanced Fixed Assets (new Fixed Asset Summary Ledger)

· Strong Audit Controls - Chart of Accounts Wizard, provides additional document controls, and improves the Close Fiscal Year process with safeguards to roll prohibited and warning dates

Brief Product Description and Pricing

· Sage MIP Fund Accounting software is a non-profit financial management solution used to plan and manage budgets, maximize grants, and produce accurate customized reports in minutes. Sage MIP Fund Accounting software addresses the specific non-profit financial management needs of organizations that need to track and report on multiple funds across multiple budget periods to meet their reporting requirements and demonstrate accountability.

· Sage MIP is priced by module by user. General Ledger, for example is $3,795, Accounts Payable is $1,995 and so forth. A complete system license could run over $40,000 and additional user license are approximately $850 each with scalable licensing for group licensing. Representative pricing was found at Blytheco and Jacobson Jarvis, both authorized MIP installers.

Technical Specifications

· Windows XP or Vista

· Microsoft SQL Server 2000 or later

· SQL Server Express or MSDE 2000

· Detail system recommendations available on-line.

Integration with Accounting and Ease of Setup

· Sage MIP offers integration between business and mission-critical software applications to streamline many of the daily tasks required to successfully manage programs, operations, and accounting with minimal time loss to administrative efforts. Sage MIP Fund Accounting integrates with Sage Fundraising for donor management and development needs, Sage Abra Payroll for payroll processing, and Sage FAS Nonprofit and Sage FAS Government for fixed asset tracking. In addition, Sage MIP Fund Accounting is built to integrate with other mission-vital software in the organization, such as Microsoft Office.

· Sage MIP Fund Accounting is sold through a network of independent partner/resellers.

Representative Client List (if available)

· Children’s Museum of Pittsburgh – pubic museum services and accounting

· Guide Dog Foundation for the Blind – specialized training of dogs for people with disabilities.

· Oregon Zoo Foundation – raises funds to help support Oregon Zoo’s conservation

· Extensive list of MIP representative installations

Company History and Contact Information

· Sage Software supports the needs, challenges, and dreams of more than 2.7 million small and mid-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, non-profit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading international supplier of accounting and business management software solutions and related products and services for small and mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.2 million customers and employs over 13,000 people worldwide.

56 Technology Drive

Irvine, California 92618-2301

800-854-3415

Commentary (The following is provided by the Editor with notes and comments from others.)

CONTINUING PROFESSIONAL EDUCATION FOR ACCOUNTING AND FINANCIAL PROFESSIONALS

The information provided herein is not warranted in any way and is subject to change without notice.

We recommend that you confirm information contained herein with the appropriate manufacturer or reseller.

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