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Thriving with MIP to Support Californians
California State Association of Counties Excess Insurance Authority (CSAC EIA) was looking for an accounting system that would respond to the organization’s continually evolving needs.
They found MIP Fund Accounting® which allows CSAC EIA to grow its membership, add programs, efficiently and transparently manage budget reporting, and meet stringent California State Controller’s audit requirements.
Controller Vicki Walter, CPA explains, “A lot of the functionality in MIP helps us work efficiently, which makes us competitive and helps us maintain financial stability. We bill about $285 million worth of receivables in July of each year. To accomplish this, we use the import function in MIP, uploading very complex invoicing spreadsheets into the system. We’re not re-keying all of that data, so that saves us a lot of time and potential keying errors.”
Key takeaways include:
- How CSAC EIA uses MIP to manage and oversee its funds
- How MIP’s modules help CSAC EIA tell its financial story
- Why CSAC EIA uses MIP today
Read CSAC EIA’s case study and let us know how we can help you implement a new fund accounting software program.