TrustRadius: an HG Insights company

Save this comparison

Save this comparison

Add Product

Recommended Comparisons

    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

    Workday Workforce Management

    Score8.9 out of 10
    N/AWorkday Workforce Management is a workforce operations software that integrates HR, time, and scheduling data, to eliminate disjointed processes that halt day-to-day operations. Consistent with a worker-first approach, Workday provides mobile-first access to personalized pay, time, and schedules, giving workers frictionless on-the-go access. This helps overcome difficulties in retaining workers and keeps them engaged in a competitive labor…N/A
    Pricing
    MIP Fund AccountingWorkday Workforce Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    MIP Fund AccountingWorkday Workforce Management
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    YesNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details
    More Pricing Information
    Community Pulse
    MIP Fund AccountingWorkday Workforce Management
    Considered Both Products
    Momentive Software
    No answer on this topic
    Workday
    No answer on this topic
    Key User Insights
    Would buy again
    91%
    Would buy again
    116 Answers
    No answers on this topic
    Delivers good value for the price
    97%
    Delivers good value for the price
    108 Answers
    No answers on this topic
    Happy with the feature set
    94%
    Happy with the feature set
    119 Answers
    No answers on this topic
    Lived up to sales and marketing promises
    86%
    Lived up to sales and marketing promises
    54 Answers
    No answers on this topic
    Implementation went as expected
    85%
    Implementation went as expected
    56 Answers
    No answers on this topic
    Features
    MIP Fund AccountingWorkday Workforce Management
    Payroll Management
    Comparison of Payroll Management features of MIP Fund Accounting and Workday Workforce Management
    Feature
    MIP Fund Accounting
    -
    Ratings
    Workday Workforce Management
    9.3
    4 Ratings
    12% above category average
    Pay calculation00 Ratings9.94 Ratings
    Support for external payroll vendors00 Ratings8.92 Ratings
    Off-cycle/On-Demand payment00 Ratings9.82 Ratings
    Benefit plan administration00 Ratings9.94 Ratings
    Direct deposit files00 Ratings9.94 Ratings
    Salary revision and increment management00 Ratings9.94 Ratings
    Reimbursement management00 Ratings7.01 Ratings
    Best Alternatives
    MIP Fund AccountingWorkday Workforce Management
    Small Businesses
    Blackbaud Financial Edge NXT
    Score8.5 out of 10
    OnPay
    Score9.9 out of 10
    Medium-sized Companies
    Blackbaud Financial Edge NXT
    Score8.5 out of 10
    APS
    Score1.4 out of 10
    Enterprises
    No answers on this topic
    ADP Streamline Payroll
    Score6.4 out of 10
    All AlternativesView all alternativesView all alternatives
    User Ratings
    MIP Fund AccountingWorkday Workforce Management
    Likelihood to Recommend
    8.7
    (434 ratings)
    10.0
    (4 ratings)
    Likelihood to Renew
    9.5
    (130 ratings)
    -
    (0 ratings)
    Usability
    8.3
    (100 ratings)
    10.0
    (2 ratings)
    Availability
    10.0
    (15 ratings)
    -
    (0 ratings)
    Performance
    8.7
    (90 ratings)
    -
    (0 ratings)
    Support Rating
    8.5
    (99 ratings)
    -
    (0 ratings)
    In-Person Training
    10.0
    (9 ratings)
    -
    (0 ratings)
    Online Training
    8.0
    (7 ratings)
    -
    (0 ratings)
    Implementation Rating
    6.1
    (28 ratings)
    -
    (0 ratings)
    Configurability
    8.4
    (8 ratings)
    -
    (0 ratings)
    Ease of integration
    9.6
    (13 ratings)
    -
    (0 ratings)
    Product Scalability
    8.1
    (15 ratings)
    -
    (0 ratings)
    Vendor post-sale
    9.7
    (13 ratings)
    -
    (0 ratings)
    Vendor pre-sale
    8.9
    (13 ratings)
    -
    (0 ratings)
    User Testimonials
    MIP Fund AccountingWorkday Workforce Management
    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
    Read full review
    Workday
    Workday is well suited as am employee because it allows me to easily access pay and goal-setting information at a large org. It also made the process of getting hired and initially onboarded simple. I imagine it could be less helpful at a smaller organization where people have more direct access to folks in payroll
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Workday
    • Collaborate with HR on completed tasks
    • Review and Submit Timesheets for staff
    • Submit personal time off for supervisors to review and approve or decline.
    Incentivized
    Read full review
    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
    Read full review
    Workday
    • Cost
    • Requires HRIS Personnel
    • Implementation Time
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    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
    Incentivized
    Read full review
    Workday
    The way that the menus are laid out into Home, Personal, Organization, and more makes it fairly simple to find what you are looking for even if you do not know exactly where to find what you are looking for. The "Timely Suggestions" and other recommended tasks also elevate important tasks to your attention
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    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.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    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.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    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.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    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
    Read full review
    Workday
    No answers on this topic
    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
    Read full review
    Workday
    No answers on this topic
    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.
    Incentivized
    Read full review
    Workday
    Workday is much easier and simpler to use. It's very straightforward and easy to train people on.
    Incentivized
    Read full review
    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.
    Incentivized
    Read full review
    Workday
    No answers on this topic
    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.
    Incentivized
    Read full review
    Workday
    • More staff felt comfortable using Workday Payroll and Workforce Management to complete tasks
    • Having a mobile app made it possible to submit or approve hours when you're on the go and not at your desk in front of a computer.
    • Because of the mobile app, it made it easier for student worker to submit their time when they are at home.
    Incentivized
    Read full review
    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

    Workday Workforce Management Screenshots

    Screenshot of Workday Workforce Management ScheduleScreenshot of Workday Workforce Management Schedule (Mobile)Screenshot of Workday Workforce Management Team InsightsScreenshot of Workday Workforce Management Time and Scheduling HubScreenshot of Workday Workforce Management Time (Mobile)