"A main advantage of MIP is we’re able to adapt to each funding stream’s unique conditions. This is vital because funding sources typically have diverse requirements, and even interpret regulations differently, sometimes within the same federal department."
Products
Key Features
General Ledger
Payroll
Allocation Management
Direct Deposit
Grant Administration
$7.5 million
budget
Nearly 30
unique funding sources
5
modules used
Community Action Agency of Butte County, Inc. operates various projects and programs funded by multiple and widely varying sources, making the accounting piece of the business extremely complex.
It’s an environment in which small business accounting software, such as QuickBooks, simply wasn’t enough.
“In our environment a QuickBooks is just too flexible,” Dana Campbell, CFO, said. “We could easily do things with our funds and grants that are flat-out wrong and never know it, which could get us into a lot of trouble.”
Challenge & Solution
CAABCI operates four major programs. Its $7.5 million budget is funded by nearly 30 different sources, including grants from federal, state, and local government entities, as well as foundations, corporations, contracts, fees for services, and donations. It was looking for a system that could simplify its finances and track its varied unique funds.
Results
The agency turned to MIP Accounting to manage its finances.
Campbell said, MIP contains actual accounting controls, so you can’t make mistakes. Yet, it’s flexible enough to adapt to what’s needed in any given environment.
“A main advantage of MIP is we’re able to adapt to each funding stream’s unique conditions,” Campbell said.” This is vital because funding sources typically have diverse requirements, and even interpret regulations differently, sometimes within the same federal department. For example, one grantor may define ‘occupancy cost’ as rent, while another defines it as rent, plus telephone and Internet services, plus taxes and insurance. MIP allows us to code each one differently in response.”
“And, we can adapt the coding to track very specifically when necessary-all the way down to the pencil we’re using,” Campbell said. “For example, the utility company that helps fund our weatherization program recently requested that we track what percentage of insurance costs are allocated to different aspects of the program, including administration, customer enrollment, and field activity. We can code this into the system and easily capture the various allocations going forward.”
Campbell pointed to MIP’s flexibility as the biggest benefit the agency gleaned from MIP. CAABCI can adapt to exactly what’s needed in any given environment, whether it’s adding a new program or writing new code in response to ever-changing funding source demands.
“A main advantage of MIP is we’re able to adapt to each funding stream’s unique conditions. This is vital because funding sources typically have diverse requirements, and even interpret regulations differently, sometimes within the same federal department.”
About Momentive Software
Momentive Software amplifies the impact of over 30,000 purpose-driven organizations in over 30 countries. Mission–driven organizations and associations rely on the company’s cloud-based software and services to solve their most critical challenges: engage the people they serve, simplify operations, and grow revenue.
Built with reliability at the core and strategically focused on events, careers, fundraising, financials, and operations, our solutions suite is bound by a common purpose to serve the organizations that make our communities a better place to live.