ABILA MIP FUND ACCOUNTING : ROBUST GOVERNMENT FINANCIAL MANAGEMENT OVERVIEW
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1 ABILA MIP FUND ACCOUNTING : ROBUST GOVERNMENT FINANCIAL MANAGEMENT OVERVIEW Abila MIP Fund Accounting is the Gold Standard preferred by government ganizations f planning and managing budgets, maximizing grants, and producing accurate financial repts. MIP has helped municipalities, districts, agencies, and other government ganizations meet their unique challenges f me than 30 years. The industry-leading stware includes all the ols government ganizations need track and rept on individual funds from multiple sources. These ols are also equipped handle varying budget periods and comply with GASB and other repting requirements. With flexible system setup and built-in repting, MIP Fund Accounting helps your government ganization master your critical and administration tasks, including: Complete Financial Management: Streamline daily tasks with an integrated financial management system. Quickly produce accurate cusmized repts comply with government, grant, and internal repting requirements. Respond easily audir requests f me detail. Accountability and Transparency: Demonstrate financial responsibility elected council board members, management, audit committees, constituents, and other agencies. Satisfy internal and external repting requirements. Budgeting, Fecasting, and Planning: Create, plan, and monir cusmized budgets f your funds, grants, and programs. Calculate fecasted financial position, use built-in ols estimate future periods, and analyze what if scenarios foster infmed decision making. Effective Grants Administration: Track and manage multiple grants, including complex restrictions and an unlimited number project budgets. Monir spending, track grant details, and fecast expenditures f remaining periods within a grant.
2 DESIGNED DESIGNED FOR FOR GOVERNMENT ACCOUNTING MIP MIP Fund Fund Accounting Accounting includes includes features features specific specific government government,, such such as: as: Aumatic Aumatic allocation allocation expenses expenses across across several several projects projects codes codes Posting Posting the the general general ledger ledger in in real-time real time batch batch mode mode Built-in Built-in system system checks checks balance balance befe befe posting posting f f each each segment segment Excellent Excellent audit audit trails trails and and transaction transaction repting repting reduce reduce time time spent spent tracking tracking specific specific THE SCALABLE, INTEGRATED ACCOUNTING SOLUTION Abila MIP Fund Accounting will grow with your ganization, but is a precise fit f the budget and programs you have day. When your and perfmance needs change, you have the flexibility add the system when you actually need it. Specifically designed f government, MIP Fund Accounting allows you : Track different funding sources, grants, departments, programs, functions, any other critical repting element Streamline rept development f multiple funds, and easily measure program effectiveness within the funds Tail the system meet your ganization s unique requirements using powerful cusmization ols Cut hours days f your repting cycle by creating repts within the system, instead manipulating data with external spreadsheets fighting with complex external rept writing ols Cusmize your chart accounts access data quickly and easily f me effective tracking and repting Boost productivity and reduce errs by aumating transaction entry with a variety ols, including memized, preset distributions, entry defaults, and aumatic inter-fund balancing entries Maintain a clear, complete audit trail, making it easy verify financial statement accuracy Keep data secure by restricting access the system through the advanced security features within MIP Fund Accounting A ROBUST, YET EASY-TO-USE SOLUTION THAT PUTS YOU IN CONTROL With its intuitive interface, MIP Fund Accounting is easy learn and use. Application tasks and repts are grouped by function, including easy--understand wkflow diagrams and checklists. Cusmize the system fit your wk habits and departments not the other way around. Built-In, Flexible Repting Government ganizations can t affd jeopardize bond ratings and government grant awards by failing follow stringent repting requirements. MIP Fund Accounting provides a flexible, built-in rept writer that helps you easily create repts that meet the varying requirements funding sources, as well as internal management and oversight agencies. With timely, accurate repts, your ganization will be better prepared make strategic decisions and respond me quickly change.
3 Default repts tail themselves the unique structure your chart accounts provide fast repting without numerous configuration steps. Using default repts you can: Produce a wide selection standard repts such as GASB compliant, audit-ready financial statements Take advantage me than 150 standard repts Rept on multiple fiscal years in the same rept create repts that cross fiscal years Fmat an unlimited number cusm repts your exact specifications Write dynamic financial statements directly in the application, configured accding your ganization s unique needs, without help from a programmer consultant Create lists your favite repts, and keep them virtually at your fingertips BUILT-IN EXECUTIVE VIEWS Executive View licensing provides a range functionality beyond traditional repts-only viewing. This low-cost licensing option extends read-only access your data select staff members. It also provides limited system-use tailed the user level, fostering collabation and team analysis in the budgeting process. F a fraction the price purchasing a full stware seat, Executive View users get a direct view appropriate operating results and budget position, through direct access your MIP system without transaction access. Wk Collabatively The exclusive Executive View option lets direcrs account managers submit their proposed budgets directly in the system f review. In conjunction with the Budget module, this powerful ol enables direct entry budget submissions from multiple departments. Eliminate the pain consolidating spreadsheet-based budget data from multiple departments f aggregate review and approval.
4 CUSTOMIZE TO SUIT YOUR NEEDS MIP Fund Accounting has a flexible table-driven chart accounts structure, which is valuable the unique aspects government entities. Save time by eliminating the need manually enter each string possible account combinations every time you receive a new source funding start a new project. Recd funds, grants, programs, funding sources, and me with an unlimited number segments, user-defined character types, and account lengths. The MIP chart accounts helps ensure your accounts are always in balance. Extensive internal system controls help improve data accuracy. MIP also fers powerful cusmization options through user-defined fields. Track unique details about your funding sources, vends, transaction documents, even individual transaction line details. EXTENSIVE BUDGET MANAGEMENT AND CONTROL MIP Fund Accounting fers industry-leading budget management and control f governments. Submit budget plans directly in the system f collabative planning and approvals. Check budget balances quickly and easily. Review budgeted amounts, money spent, committed funds, and available budget. Easily drill in the detailed entries that comprise the balances f a complete audit trail. Produce comparative statements f your management staff and oversight agencies that illustrate the budget actual position f your programs, grants, departments, and me. Estimate future periods and calculate fecasted financial position, including analyzing what if scenarios f better decision making. F me control, you can monir financial commitments through encumbrance tracking.
5 CONVENIENT PURCHASE ORDER AND APPROVAL MIP Fund Accounting fers easy--use purchase entry, approval, repting, and integration with Accounts Payable and Receiving f a seamless, transparent purchasing experience. Improve the availability infmation f prepurchase decision making with Electronic Requisitions. Review the impact current requests with our one-click budget checking ols. Receive notification via status change requisition requests. Approve reject requisitions directly from your mobile device. GRANT ADMINISTRATION The Grant Administration module lets ganizations consolidate all grant-related infmation and documentation simplify grant management processes directly in MIP. Use it maintain comprehensive priles all grants and streamline administration processes. Sre electronic copies related grant documents, including proposals, award letters, and other crespondence in the database f easy retrieval. TIMESAVING FINANCIAL MANAGEMENT TOOLS TO ENHANCE PRODUCTIVITY Efficient Transaction Entry Transaction entry ols and shtcuts within MIP Fund Accounting are designed make learning and using the system simple and efficient. It ganizes common tasks in easy--understand, interactive wkflow diagrams. Users can memize and recall frequently entered. Transaction entry fms are consistent and easy use an entire transaction is visible on one fm. Timesaving entry features promote quick and accurate transaction entry in easy--use, spreadsheet-style entry fms. Users can save valuable time with: Entry default values Aumatic account balancing fsets, including inter-fund entries Distribution coding feature aumatically allocate entries using percentages, units, fixed dollar amounts Shtcut keys Memized recurring entries And other productivity enhancing ols Drillpoint Drillpoint Repts enables you produce cusm, high-quality financial statements f delivery your board and external adviss. In addition, DrillPoint Repts allows you manipulate your data, add fmulas, graphs, and other me advanced Excel features maximize the value the infmation you re presenting others. FLEXIBLE, POWERFUL TECHNOLOGY WHERE YOU NEED IT MIP Fund Accounting fers flexible consumption options install and manage on-premises access it via our private, secure cloud. AVAILABLE INTEGRATIONS VIA APIS Seamlessly integrate your system with other critical systems with MIP Fund Accounting s open platfm. F basic file integration needs, our native Data Impt/Expt module is very efficient. F me robust, typically real-time integration needs, MIP has an open, REST-based Application Programming Interface (API). Available Product Partner solutions can be found via the Abila Marketplace.
6 SYSTEM-WIDE SECURITY MIP Fund Accounting maintains a strict audit trail f, user actions, and when and where the system was accessed allow f extensive system auditing all without clogging the database adversely affecting perfmance. Permit deny individual group access all areas the system, including setup, transaction entry, repting, and underlying data. Set permissions at the account level f strong internal controls, and distribute use the system without compromising data integrity. Beyond basic duties, MIP provides powerful data analysis ols that let your team view and share the key financial infmation required make strategic decisions, foster fiscal transparency and accountability, and evaluate program perfmance. AVAILABLE INTEGRATED MODULES MIP Fund Accounting modules are fully integrated. Our standard solution includes: General Ledger Grant Administration Budgeting Accounts Payable Bank Reconciliation Accounts Receivable Repting Data Impt/Expt Fms Designer As your ganization grows your needs change, you can integrate additional modules add me features your system, including: Allocations Management Electronic Requisitions Purchase Orders Encumbrances Electronic Fund Transfer f Accounts Payable Accounts Receivable Repting Accounts Receivable Billing Multicurrency Payroll Human Resource Management Suite Direct Deposit Fixed Assets Advanced Security Rept Scheduler and Binder Data Consolidation Drillpoint Repts The MIP Fund Accounting solution also fers strong integrations with Abila Product Partners, including: CUSI Utility Management Solution Microix Barcode Scanner Microix Wkflow Modules (invenry, timesheet, budget, and requisitions) Powerplan Budgeting Zobrio Billing Zobrio Cash Management A full list Abila Product Partners can be found at the Abila Marketplace. LEARN MORE Your Abila Business Provider: 2017 Abila, Inc. All rights reserved. Abila, the Abila logos, and the Abila product and service names mentioned herein are registered trademarks trademarks Abila, Inc., its affiliated entities. All other trademarks are the property their respective owners
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