We know it’s important to have flexibility in your software solutions.
We offer our MIP solution as an on-premise software and a cloud-based solution.
As your needs and resources grow and change, you may choose to change your implementation and we enable you to do that with ease without the expense of having to switch your core accounting system.
One benefit of on-premise installation is the ability to install it in any compatible environment you choose on-premises, through your own intranet or as a hosted application. Installing our on-campus fund accounting software helps to make your nonprofit’s operations more efficient. MIP has core modules and additional modules that grow with you as your expand your nonprofit. The ability to purchase just the modules you need now and to add more modules later provides a growth path for tomorrow while preserving budget flexibility today.
Our software is built with scalability in mind.
We offer a manageable growth plan through our modular system and product updates.
MIP’s fund accounting software also easily communicates with other accounting and non-accounting related software. This enables our users to choose packages of the highest quality for each function needed whether it be fund accounting, human resources, payroll or fundraising.
Accounting software performs various bookkeeping and accounting tasks. We designed our solutions specifically for nonprofit entities. We know your accounting needs are complex and can’t just be captured only in a multitude of spreadsheets. We understand the complexities of managing a nonprofit organization or government entity’s finances.
We’ve created purpose-built software that reflects your organization’s unique financial structure. MIP’s fund accounting software allows you to create a flexible chart of accounts, giving you the freedom to record and report on all your sources of funding.
Additionally, our fund accounting system enables you to create reports spanning periods that differ from the fiscal year of your organization for foundational and government grantors that require reporting in their own unique formats.
Our system gives you flexible reporting and easily created financial statements in order to be readily available for internal and external stakeholders. MIP Fund Accounting offers clear financial statement reporting in accordance with the Financial Accounting Standards Board (FASB) or Governmental Accounting Standards Board (GASB) guidelines.
Accounts payable and receivable
Streamline all your financial invoice processing, workflow, data exporting and importing.
Help prevent fraud and keep your information safe. Limit accessible information to keep salaries, budgets, and more secure.
Our MIP Fund Accounting dashboards help you see in real-time every transaction and plan for what-if scenarios, variances, and shifts in your budget.
Employee web services
Human resource management
Unlimited budget forecasting
What is on-premise accounting software?
Accounting software has two possible deployments:
Cloud-based fund accounting:
Cloud services store your software on third-party servers instead of on your devices. This option usually entails paying a monthly subscription fee. Cloud storage also involves outsourcing some of your IT or support team’s responsibilities.
On-premise fund accounting:
When your organization purchases in-house accounting software, you buy the program and install it on your organization’s devices. You’ll need a full IT staff to maintain an on-premise accounting system. Your IT staff will also handle the upgrading of the software and provide support for any user issues. Both deployments have their unique advantages. Your organization’s needs can help you determine whether you’ll receive the most value from setting up your accounting system in the cloud or on-campus.Cloud services store your software on third-party servers instead of on your devices. This option usually entails paying a monthly subscription fee. Cloud storage also involves outsourcing some of your IT or support team’s responsibilities.
What Types of Organizations Should Use On-Premise?
If you have an in-house or contracted IT staff, on-premise accounting software may be the best choice for your organization. You need to ensure you have the technical resources to support the hardware requirements of the accounting solution you choose.
Nonprofit organizations that keep their accounting solutions on-site often have other shared characteristics:
Keep in mind to carefully consider your organization’s current accounting needs, as well as anticipated future needs. For instance, does your staff need remote accessibility? Should system users be able to login from a web browser or any computer? Or should access be limited to a specific computer dedicated to secure remote access?
If you are investigating a cloud-based or hosted solution carefully consider the security protocols to which you must adhere up front. While many compliance standards are technically possible in the cloud, they may cost more time and money.
Your organization may have stringent IT policies. In that case, you might need to keep your software in-house to comply with those rules.
Monthly subscriptions are ideal for some nonprofits. If your budget is better suited for one initial payment, installing and maintaining the software on your own servers may be the best option.
When you store your accounting software on your own servers, your organization can tailor its functions to your needs. MIP’s accounting solutions are scalable, so you can apply them to a range of tasks.
As long as your IT staff is local, they can provide individualized support from within your organization.
Organizations with on-premise fund accounting have more control over their software solutions. Your support staff makes necessary upgrades and performs maintenance that keeps your system up to date.
When you choose MIP on-premise software, you retain your own support staff and have constant support from ours. You’ll enjoy the reliability of your comprehensive, secure software.
Use this informative guide to help you decide whether you should implement MIP on-premise software or go to the cloud.
How to Get Started
Reach out to MIP about our on-campus fund accounting software. From there, we’ll provide the resources you need to make an informed decision.
The primary way we do this is by arranging a personal product tour with members of your organization. We’ll come to you and perform an on-site demonstration.
You can also connecr with us for more information about MIP’s on-campus fund accounting software and our other accounting solutions. Contact us online or by phone at 800-811-0961