Abila Brings True Fund Accounting to the Cloud With MIP Advance
Abila, Austin, Texas, the provider of software and services to nonprofits and associations, last week announced MIP Advance. MIP Advance extends the award-winning true fund accounting MIP family of products to the cloud with an intuitive interface. Clean, accessible reporting, analytics and customizable dashboards allow nonprofit organizations to promote financial stability and handle increasing financial complexity and growth with ease.
"From the pioneers of true fund accounting for nonprofits, Abila MIP Advance delivers more than three decades of expertise, experience and success to the cloud," said Krista Endsley, CEO of Abila. "For nonprofit organizations, true fund accounting is the only real option to ensure the integrity of their systems and the financial accountability boards and constituents expect. As nonprofits, associations and municipalities grow, the nature and complexity of their accounting changes. They need a true fund accounting solution that will provide the necessary flexibility to properly manage their resources and mission. Abila MIP Advance is taking nonprofit financial management to new levels."
True fund accounting is represented by a multidimensional and flexible chart of accounts that provide organizations with the detailed coding and tracking of all financial activities with unlimited segments or dimensions. Abila is the only company that offers nonprofits a true fund accounting solution built with and for nonprofit financial professionals to serve their unique needs.
"I like MIP Advance because there's no second guessing," said Laurie Curran, vice president of accounting at Opportunity Finance Network. "The dashboards are something we could use in a board meeting report, or for our investors. It's very high level, and includes all the main things our board members and even our department heads want to see."