MIP Fund Accounting

What MIP Fund Accounting does

MIP Fund Accounting is a cloud-based, SaaS fund accounting platform founded in 1982 in Austin, Texas, and operated as a product line within Momentive Software (owned by private equity firm Accel-KKR). The platform is purpose-built for nonprofit organizations, K-12 schools, government entities, tribal governments, and healthcare organizations, providing fund accounting, general ledger, accounts payable/receivable, budgeting, grant reporting, payroll, human resource management, procurement, and fixed assets tracking. Its modular architecture allows customers to license core accounting modules and attach specialized add-ons such as DrillPoint analytics, multicurrency support, GASB reporting, and allocations management, with built-in FASB and GASB compliance, SOC 1/2 Type I and II hosting, and HIPAA-aligned security.

The platform is delivered as MIP Cloud (subscription SaaS) and MIP On-Premise (perpetual license), with a REST API enabling third-party integrations and a native integration with the GiveSmart fundraising platform within the Momentive Software portfolio. The go-to-market model is sales-led, combining a direct enterprise field sales team with an inside sales motion and a content-driven marketing program (blog, webinars, research studies, email, and CPE-eligible training) targeting finance professionals in the social good sector. The company monetizes through annual and multi-year subscription contracts, on-premise licenses, and professional services for implementation and training.

MIP serves a diversified customer base spanning healthcare centers, tribal governments, museums, community action agencies, education foundations, and human services organizations, with documented multi-decade customer relationships (e.g., 27+ years with Plimoth Patuxet Museums) reflecting high retention. The parent portfolio claims more than 100,000 clients across 30 countries, and MIP itself has migrated 11,000+ users to its cloud platform. The company has undergone multiple ownership transitions — acquired by Sage Group in 2001, by Accel-KKR in 2013 (rebranded as Abila), and by Momentive Software in 2017 — with the most recent strategic shift in 2021 being a full repositioning as a SaaS-focused entity under the MIP brand.

Name

MIP Fund Accounting

Legal name

Momentive Software Holdco, LLC

Website

https://mip.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

MIP Fund Accounting is a 40+ year cloud-based SaaS fund accounting platform serving nonprofits, K-12 schools, government, tribal, and healthcare organizations with modular accounting, payroll, HR, and grant reporting tools, operating as a product line within Momentive Software.

Ownership category

akta.pro rank

Product category

Nonprofit Fund Accounting Software

akta.pro primary industry

Enterprise Performance Management (EPM) & FP&A Platforms (HDAEAEAK)

Keywords

• Fund accounting software
• Nonprofit accounting solutions
• Government fund accounting
• Cloud SaaS accounting
• Grant management software

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS/Subscription Revenue: Cloud-based subscription model with MIP Cloud offering 24/7 availability, automatic updates, offsite data storage, and maintenance-free experience. Annual or multi-year subscription billing.
2. On-Premise Software License: Traditional on-premise deployment option giving organizations greater governance over IT operations with constant support from the team.
3. Professional Services: Fee-based online training courses through Momentive Software University, and professional services for implementation, consulting, and customized training.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

MIP Fund Accounting provides cloud-based, SaaS fund accounting software (MIP Cloud) and an on-premise deployment option designed for nonprofits, K-12 schools, government entities, and healthcare organizations. The platform tracks unlimited funds, supports FASB and GASB compliance reporting, and offers a modular architecture spanning General Ledger, AP/AR, Budgeting, Payroll/HRMS, Purchasing, and a 340+ report library. The company sells primarily through direct enterprise and inside sales with quote-based subscription (cloud) and perpetual-license (on-premise) pricing, supplemented by professional services and training.

Product overview

MIP Fund Accounting is a modular, cloud-based SaaS fund accounting solution from Momentive Software designed for nonprofits, K-12 schools, government entities, and healthcare organizations. The core offering consists of MIP Cloud (cloud-based SaaS) and MIP On-Premise deployment options. The platform operates on a modules architecture where organizations purchase core functionality (General Ledger, Accounts Payable/Receivable, Budget, Bank Reconciliation) and add specialized modules as needed: Payroll & HR Modules, Purchasing Modules (Electronic Requisition, Encumbrances, Fixed Assets, Purchase Orders), Budget Management, Reporting Software (340+ reports), and Additional Modules (Advanced Security, Allocations Management, GASB Reporting, Multicurrency, DrillPoint). The product family also includes affiliated fundraising solutions: Millennium, Fundraising 50, and GiveSmart, which integrate with the accounting platform. With 40+ years of experience, MIP is designed to track unlimited funds and manage complex nonprofit financial processes including grant reporting and compliance with FASB and GASB standards.

Differentiator

Problem solved

Functional benefit

Brands

• MIP Cloud: Cloud-based, SaaS fund accounting solution offering 24/7 availability, automatic updates, and offsite data storage.
• MIP On-Premise
• Millennium
• Fundraising 50
• GiveSmart

Products and services

• MIP Cloud (MIP Accounting) Cloud-based, SaaS fund accounting solution designed for nonprofits, K-12 schools, healthcare organizations, and government entities, tracking unlimited funds and managing financial books with 24/7 availability, automatic updates, offsite data storage, and SOC-compliant multi-layered security.
• MIP On-Premise On-premise deployment of MIP Fund Accounting providing organizations greater governance over IT operations, with the same comprehensive fund accounting capabilities as the cloud version, sold under a one-time/perpetual license with multi-year support contracts.
• MIP Core Accounting Modules Essential accounting module suite for MIP Fund Accounting, including General Ledger, Accounts Payable, Accounts Receivable Reporting, Bank Reconciliation, Budget, Data Import/Export, and Forms Designer, sold as a bundle to nonprofits, K-12 schools, government, and healthcare organizations.
• MIP Payroll and HR Modules Integrated payroll and human resource management module for MIP, including Direct Deposit, HRMS, Employee Web Services portal, and Benefit Enrollment, sold to nonprofits and public-sector organizations to streamline employee pay and HR processes alongside the accounting platform.
• MIP Purchasing Modules Procurement module suite for MIP including Electronic Requisition, Encumbrances, Fixed Assets, and Purchase Order modules, providing pre-purchase decision-making information and budget checking for nonprofits, schools, and government entities.
• MIP Budget Management Module Standalone budget management module for nonprofits and public-sector organizations facing complex funding requirements and multiple revenue sources, with comprehensive budgeting capabilities that integrate with the MIP general ledger and reporting.
• MIP Reporting Software Robust reporting platform for MIP with 340+ out-of-the-box reports, integrated configurable dashboards, and FASB- and GASB-compliant reports for nonprofits, K-12 schools, healthcare, and government organizations.
• DrillPoint Advanced reporting and analytics tool for supercharging nonprofit financial reporting, available as an add-on within the MIP Fund Accounting platform for drill-down analysis and configurable dashboards.
• Millennium Fundraising solution for nonprofit organizations, part of the Momentive Software portfolio and integrated with MIP Fund Accounting, supporting donor management and fundraising operations.
• Fundraising 50 (FR50) Fundraising software solution targeted at smaller nonprofit organizations, part of the Momentive Software portfolio, that integrates with MIP Fund Accounting.
• GiveSmart Fundraising platform offering event management, donor management, and auction tools, with native integration into MIP Fund Accounting to provide visibility into how donor contributions fuel mission impact.

Quantifiable outcome

• Cut payroll process time in half
• +2 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature9 records

Partnerships

One partnership is on record.

• Momentive SoftwareflagshipStrategic or Co-development PartnerMIP Accounting is a product of Momentive Software, the leading provider of cloud-based software to associations, nonprofits, faith-based groups, and K-12 schools. MIP represents the fund accounting solution within the Momentive portfolio.

Scale indicators9 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Workday Adaptive Planning: Workday Adaptive Planning is a leading FP&A and budgeting platform that increasingly overlaps with MIP's budgeting and reporting modules. While not a full fund accounting system, it competes for budget and planning spend at larger nonprofits.
• Intuit QuickBooks: QuickBooks dominates the small-business and small-nonprofit accounting market with low-cost, easy-to-use software. While lacking MIP's true fund accounting depth, it competes for budget-constrained nonprofit customers who view MIP as overkill.
• Microsoft Dynamics 365 Business Central: Microsoft's cloud ERP is increasingly adopted by mid-market nonprofits and government-adjacent entities for accounting and operations. Its Microsoft 365 ecosystem integration competes with MIP for IT-driven buyers seeking broader ERP platforms.
• Oracle NetSuite: NetSuite is a broad cloud ERP suite increasingly used by larger nonprofits and grant-funded organizations for fund accounting, financial reporting, and procurement. While not nonprofit-specialized, it competes with MIP upmarket for organizations outgrowing mid-market solutions.
• Acumatica: Acumatica is a cloud-native ERP platform with nonprofit and government editions offering fund accounting, grant management, and project accounting. It competes with MIP for organizations seeking modern cloud ERP with broader functionality than vertical-specific fund accounting.

Direct peers

• Aplos: Aplos is a cloud-native fund accounting platform purpose-built for small to mid-sized nonprofits, offering a fresher UX and simpler pricing than MIP. It represents the modern cloud-first threat to MIP's lower end of the nonprofit accounting market.
• Sage Intacct: Sage Intacct offers a nonprofit edition with multi-entity, multi-fund accounting, grant tracking, and dimensional reporting—directly competing with MIP for mid-market and growing nonprofit customers. Notably, MIP was part of the Sage Group from 2001-2013, making Sage both a former parent and a current competitor.
• Blackbaud: Blackbaud's Financial Edge NXT is the most direct competitor to MIP Fund Accounting in the nonprofit accounting space, serving large nonprofits and faith-based organizations with fund accounting, grant tracking, and reporting capabilities. Both vendors target the same nonprofit CFO/Controller buyer with overlapping vertical-specific functionality.
• Ministry Brands (Abila): Ministry Brands acquired Abila's nonprofit products in 2017 when Momentive took MIP—creating a former sister product turned direct competitor. Ministry Brands serves faith-based and nonprofit organizations with accounting, payroll, and member management solutions overlapping MIP's core verticals.

Regional players

• Xero: Xero is a cloud accounting platform widely used by small nonprofits in international markets (UK, Australia, New Zealand). While US market share is limited, Xero competes with MIP internationally for nonprofit customers seeking modern cloud accounting.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/momentive-software

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIP Fund Accounting