Microsoft Dynamics SL and Sage MIP Fund Accounting are both award winning accounting software packages for nonprofit organizations. But how do the products stack up against each other? Here’s a comparison of the two solutions in five key areas:
- Table Driven Chart of Accounts
Microsoft Dynamics SL and Sage MIP Fund Accounting both have table driven chart of accounts. Nonprofits can define segments (e.g., fund, department, grant, etc.) and account codes. This type of chart of accounts saves a lot of time because you do not need to enter an entire string of possible account combinations for a new account. This chart of accounts design also makes data analysis and reporting much easier.
- Cloud Accounting and Web-Based Options
Both Dynamics SL and Sage MIP Fund Accounting both have cloud offerings. This is very appealing to many nonprofit organizations because they can pay for the software on a subscription basis rather than making a large cash outlay to purchase the software. On average Microsoft Dynamics SL costs about $250 per user/per month, whereas Sage MIP Fund Accounting costs about $350 per user/per month.
- Fund Accounting
Microsoft Dynamics SL is an ideal fit for nonprofit organizations of all sizes and it is used by a significant number of membership organizations, trade associations and foundations. It is easy to use, has a look and feel that users are use to (Microsoft Office), ease of maintenance and lower cost point. Sage MIP Fund Accounting is targeted towards small-to-medium nonprofits that receive state, local or Federal grants and need to provide unique reporting to each grantor.
Microsoft Dynamics SL has strong financial reporting capabilities, including Management Reporter (the replacement for FRx), SQL Server Reporting Services and Crystal Reports. Many of our clients use the Dynamics SL reports to prepare their IRS Form 990 as well as FASB 117 compliant reports. Sage MIP Fund Accounting says that it has a flexible, built-in report writer with many pre-built reports. Some users find the report writer to be inflexible because those reports are hard-coded by SAGE and the end up exporting data to Excel for analyze and reformatting.
- CRM Integration
Microsoft Dynamics SL can be integrated directly with Microsoft Dynamics CRM and there are Microsoft Dynamics CRM add-ons specifically for nonprofit organizations. Many nonprofits use other Association Management Systems and those systems can be easily integrated with Microsoft Dynamics SL. Sage MIP Fund Accounting does not have a CRM component and the Sage nonprofit solutions do not include any true CRM capabilities.Brittenford Systems, a Virginia Based Microsoft Dynamics Partner helping nonprofits implement financial software.