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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    MIP Fund Accounting

    Score8.7 out of 10
    N/AMIP Fund Accounting™ is a configurable fund accounting solution. The solution includes functionality for fund accounting, procurement, budgeting, payroll, human resources, timekeeping, fixed asset management, grant management, and dashboards for nonprofits and government agencies.N/A

    Webexpenses

    Score9.2 out of 10
    N/AWebexpenses is a global provider of spend management solutions, combining integrated Expense Cards with cloud-based software for businesses of all sizes across 70+ countries. Serving industries such as retail, finance, technology, construction, and not-for-profit, Webexpenses gives businesses control over company spending by automating processes, proactively enforcing policies, and controlling costs. Features The Webexpenses…

    $54

    per month (up to 15 users on the small business plan)

    Pricing
    MIP Fund AccountingWebexpenses
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    MIP Fund AccountingWebexpenses
    Free Trial
    NoYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesYes
    Entry-level Setup FeeNo setup fee$250
    Additional Details——
    More Pricing Information
    Community Pulse
    MIP Fund AccountingWebexpenses
    Considered Both Products
    Momentive Software
    No answer on this topic
    Webexpenses
    No answer on this topic
    Key User Insights
    Would buy again
    91%
    Would buy again
    116 Answers
    94%
    Would buy again
    601 Answers
    Delivers good value for the price
    97%
    Delivers good value for the price
    108 Answers
    98%
    Delivers good value for the price
    312 Answers
    Happy with the feature set
    94%
    Happy with the feature set
    119 Answers
    96%
    Happy with the feature set
    623 Answers
    Lived up to sales and marketing promises
    86%
    Lived up to sales and marketing promises
    54 Answers
    98%
    Lived up to sales and marketing promises
    197 Answers
    Implementation went as expected
    85%
    Implementation went as expected
    56 Answers
    96%
    Implementation went as expected
    221 Answers
    Features
    MIP Fund AccountingWebexpenses
    Expense Management
    Comparison of Expense Management features of MIP Fund Accounting and Webexpenses
    Feature
    MIP Fund Accounting
    -
    Ratings
    Webexpenses
    8.5
    77 Ratings
    1% below category average
    Employee Expense Reporting00 Ratings8.777 Ratings
    Corporate Card Reconciliation00 Ratings8.438 Ratings
    Payment Management
    Comparison of Payment Management features of MIP Fund Accounting and Webexpenses
    Feature
    MIP Fund Accounting
    -
    Ratings
    Webexpenses
    8.2
    70 Ratings
    0% above category average
    Customizable Approval Policies00 Ratings8.153 Ratings
    Financial Document Management00 Ratings7.737 Ratings
    Payment Status Tracking00 Ratings8.266 Ratings
    Payment Audit Trail00 Ratings8.648 Ratings
    Duplicate Bill Detection00 Ratings8.038 Ratings
    Advanced OCR00 Ratings7.825 Ratings
    Electronic Funds Transfer00 Ratings8.735 Ratings
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    MIP Fund AccountingWebexpenses
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    Score8.5 out of 10
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    Score8.9 out of 10
    Enterprises
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    Emburse Chrome River
    Score9.1 out of 10
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    User Ratings
    MIP Fund AccountingWebexpenses
    Likelihood to Recommend
    8.7
    (434 ratings)
    9.1
    (733 ratings)
    Likelihood to Renew
    9.4
    (130 ratings)
    9.2
    (49 ratings)
    Usability
    8.3
    (100 ratings)
    9.1
    (732 ratings)
    Availability
    10.0
    (15 ratings)
    9.3
    (9 ratings)
    Performance
    8.6
    (90 ratings)
    9.6
    (8 ratings)
    Support Rating
    8.5
    (99 ratings)
    8.6
    (350 ratings)
    In-Person Training
    10.0
    (9 ratings)
    8.7
    (4 ratings)
    Online Training
    8.0
    (7 ratings)
    9.8
    (6 ratings)
    Implementation Rating
    6.1
    (28 ratings)
    7.8
    (19 ratings)
    Configurability
    8.4
    (8 ratings)
    6.4
    (9 ratings)
    Ease of integration
    9.6
    (13 ratings)
    7.2
    (3 ratings)
    Product Scalability
    8.1
    (15 ratings)
    9.3
    (9 ratings)
    Vendor post-sale
    9.7
    (13 ratings)
    8.7
    (4 ratings)
    Vendor pre-sale
    8.9
    (13 ratings)
    9.1
    (4 ratings)
    User Testimonials
    MIP Fund AccountingWebexpenses
    Likelihood to Recommend
    Momentive Software
    MIP Fund Accounting works very well for general fundraising. The form creation process is easy and allows you to set parameters and add fees, quantities, images, etc. This process is smooth on the customer (forward-facing) side as well. Reports are generated once the transactions have gone through, making tracking and reconciliation with accounting easy.
    Incentivized
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    Webexpenses
    Really suits me well for making mileage claims, the map works well and it has an accurate log of addresses. Very handy and easy to be able to add any necessary receipts. Could be a good idea to include live road closures? but I understand that's quite tricky to do. Really easy to be able to move routes when you have gone a different way than recommended.
    Incentivized
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    Pros
    Momentive Software
    • Easy to obtain check register for select periods
    • Easy to do bank reconciliations
    • Easy to log in for remote work, for anywhere I need to access it from!
    • Easy to pull vendor, chart of accounts and other pertinent information, also easy to add information to those sections.
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    Webexpenses
    • imports credit card transactions from our corporate card program without issue
    • allows for easy set up of new users
    • is a very intuitive, easy to learn tool
    • has a very responsive support and customer service team
    • Set up and configuration was thorough, and they were able to work through our unique issues, such as custom segments in NetSuite.
    • It is a very inexpensive product. Well worth the cost.
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    Cons
    Momentive Software
    • With the payroll process, if there is an error in sending the stubs through email, there is no option to resend without a restore. That really needs to change.
    • Being able to void encumbrance at the same time as a PO would be an incredible time saver.
    • When processing W2 the system deletes info.
    Incentivized
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    Webexpenses
    • When you click add receipts after putting the details of your expense, you get the impression that you have done something incorrect from the prompt that you receive
    • Two options for adding receipts can confuse people when training them on how to use
    • An easy to access FAQ would be helpful
    Incentivized
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    Likelihood to Renew
    Momentive Software
    I give MIP a 10 because Our organization use MIP Fund Accounting ever since I've been there and that's been for over 20 plus years for all of our accounting and payroll. MIP has stayed on the cutting edge of technology, ever evolving to meet the needs of the times, especially post pandemic, while many are working remotely! MIP support staff are very knowledgeable and efficient. Even new users can get up to speed quickly with MIP Fund Accounting.
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    Webexpenses
    There doesn't seem to be anything in the market at the same price point that is better, however if there is an interrupter in the market that provides better value, then we would heavily assess the cost of change to see if we should move on to the alternative offering.
    Incentivized
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    Usability
    Momentive Software
    I have used this system for about 12 years now and I still learning how to use it. It always surprises me how there is another report to learn to achieve my data reporting goals. It is great to have a system that you have used long enough to feel comfortable with but also a system that allows you to learn new ways to report and enter data into the system
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    Webexpenses
    Based on what I have used it for, it was very easy to use and navigate. The approval process was already setup on the back end so there was no confusion on my end. Notifications were sent to my email based on status which made it helpful to understand where an expense was in the process.
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    Reliability and Availability
    Momentive Software
    I have rarely encountered any issues accessing MIP Fund Accounting over the years. On the rare occasions when availability was interrupted, the reasons were always found in-house when using the on-premises version. Since we have migrated to the MIP cloud, we have had no issues with availability. Any maintenance or updates are always communicated to us and are usually done outside of business hours.
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    Webexpenses
    it is always available when I need it
    Incentivized
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    Performance
    Momentive Software
    We have 18 programs and the CFO has the ability through MIP Fund Accounting to generate separate and/or collective reporting for those programs. Each program has its own grant or funding source. Each has its own reporting guidelines that must be met so the ability to run reporting separately or collectively is a plus.
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    Webexpenses
    Some times image uploads can be slow and you have to alter the image resolution to increase the speed
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    Support Rating
    Momentive Software
    I have not reached out to MIP for technical support; however, their website offers great help resources so I can solve an issue on my own. Another team member reached out to MIP for support and was helped quickly. The transition process took longer than expected due to a lag in communication.
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    Webexpenses
    The support for the initial setup was great, but since then we have only had to contact support once when we had problems uploading credit card files. The help we received at this time was not good and we ended up trying various things until we resolved the problem ourselves. The online support tutorials are good, but searching for a specific issue is difficult.
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    In-Person Training
    Momentive Software
    There are no specifics on what happens if you make one choice or another to know which is the best selection. This is true for JVs and AP. In training we were not given specifics of what happens when one possibility is selected over another.
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    Webexpenses
    All went well.
    Incentivized
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    Online Training
    Momentive Software
    Denise O'Malley provided training for the HR module when we added it to our system. Denise also gave us a demo of the EWS module which we were able to see that it would not meet our needs. She was very kind about and understanding regarding the functions we needed with a time clock system.
    Incentivized
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    Webexpenses
    It was difficult to train multiple people via video, as they learned at different speeds, and most of the user champions were not as capable with systems and finance processes as our dept.
    Incentivized
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    Implementation Rating
    Momentive Software
    Don't waste your time with MIP. There are plenty of other softwares out there that will do the job better. Do your homework. Get references from actual users. Make sure that what you choose will truly integrate. Make sure that there is local support. Get training. You will be glad that you passed this one by. Trust me.
    Incentivized
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    Webexpenses
    As long as you have people that are fully aware of the setup steps to get users into the software then I would see no issues arising for any company.
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    Alternatives Considered
    Momentive Software
    I've utilized other ERP accounting software like Infor, NetSuite, and MS Dynamics, to name a few. MIP Fund Accounting offers flexibility and room for growth while not being overly heavy on your team to maintain it. And, we're now learning more about the add-on's and more advanced capabilities to leverage with our team.
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    Webexpenses
    I would have to say that Webexpenses does not stack up well in comparison to Expensify. If given a choice, I would choose Expensify for the best user experience and mobile / desktop being more seamless. It accomplishes the same thing but has a more modern, minimal, and streamlined feel to it.
    Incentivized
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    Scalability
    Momentive Software
    The flexibility to create certain features are helpful and are designed to be easier on MIP Accounting Cloud. It has been easier than the MIP Accounting classic version. I may have not fully utilized the software to deploy across multiple departments other than generating revenue reports or expenses. As well as developing budget worksheets for our departments. Which are great as it is, but have not gone farther than that.
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    Webexpenses
    because as the business has grown to has the user base
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    Return on Investment
    Momentive Software
    • We converted to the cloud version a few years ago to reduce our dependency on a dedicated internal IT server which needed to be replaced. The cost of the product switched to a monthly fee which increased cost somewhat but probably is matched with IT savings over time in doing upgrades.
    • We have an efficient team of two people doing the transactional work, so we don't really have much incentive to further automate our processes. And with the turnover in the CFO position we have had, has helped us maintain consistency in our processing.
    • Once I learned how to memorize and recall transactions it was a huge timesaver and increased the accuracy and consistency of our entry.
    • The cost of training is sometimes prohibitive. Example is my accounting clerk MIGHT benefit from additional training but at about $200 for a lot of the courses, it is more than we have budgeted.
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    Webexpenses
    • Easy integration with your existing finance / accounting software.
    • Lot of time is being saved in maintaining records and now going completely online.
    • Love the option of Scan receipts with Google-vision-powered optical character. This also resulted in less use of paper in our office.
    Incentivized
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    ScreenShots

    MIP Fund Accounting Screenshots

    Screenshot of MIP Advance™ Dashboards with drilldownScreenshot of MIP™ Transactions WorkflowScreenshot of MIP DashboardsScreenshot of MIP DashboardsScreenshot of MIP Dashboard drilldownScreenshot of MIP Transactions

    Webexpenses Screenshots

    Screenshot of the Webexpenses mobile app, that captures receipts instantly.Screenshot of Webexpenses, accessed through a desktop, iOS, Android or Windows device.Screenshot of mileage tracking with Webexpenses.Screenshot of a display of expense-related spend, reported and tracked with customisable reports.Screenshot of the mobile app, where users' expenses can be built, submitted and approved.Screenshot of Webexpenses payments and expense reimbursements.