Assess how you manage your organization's financial health
Your school has good processes, but your technology has room for growth. According to the 2022 Nonprofit Research Study, 78% of nonprofit professionals report spending about a quarter of the workday juggling between several disparate systems. That’s eight hours a week spent inefficiently working between systems, expanded for the whole year, and that’s 520 hours of lost time.
When your school adopts a multipurposed technology solution, you can recapture those lost administrative hours, reduce tech spending, and create more streamlined processes.
According to the K-12 Trends Report, which surveyed 300 school leaders, 33% still relied on Microsoft Excel as their primary budgeting tool, and 75% relied on solutions that weren’t built for schools. Respondents also noted that modernizing technology is among the top priorities of IT staff and business office leaders.
MIP Fund Accounting® is an accounting solution built specifically to meet the needs of K-12 schools and nonprofit organizations. Designed to track unlimited funds and manage your financial books with ease, MIP is the nation’s leading cloud-based SaaS fund accounting solution. From helping your business office manage and allocate across multiple funding streams or easily importing and exporting data between admissions, and tuition management, our software handles intricate financial processes in a streamlined, user-friendly system. Generate easy-to-read school financial reports and alleviate the time it takes your business office team in just a few clicks. Manage your school’s finances, track every fund, and follow every dollar to better serve your parent and student communities.
We understand how accounting works in admissions, tuition management, student information, after-school programs, and other departments. MIP makes it simple to tell your school’s financial story. Easily import and export the information you need with a few clicks, generate the reports you need, and spend more time attending to student, staff, and parent needs.
Schools can benefit from MIP and TADS, our tuition management and admissions system. Import your data from TADS into MIP and use MIP’s reporting to give you a global view of your school’s finances, including your school’s tuition and admission department.
Request a Demo
The long-term effects of the COVID-19 pandemic have resonated with the industry. Explore how schools can realize sustained benefits from examining fundraising strategies, streamlining and automating technology, and adopting financial-focused software to improve schoolwide efficiency.
Discover how schools everywhere have realized the sustained benefits of using accounting software to manage their funds, handle financial reporting, create a more informed business office, increase efficiency, and comply with state and national standards.