Customer Case Studies

© 2018 Sage Intacct, Inc. All rights reserved. www.sageintacct.com 877-437-7765 Company Overview MidCap Credit & Capital is a boutique private equity firm which has grown organically and through strategic acquisitions and investments since 2009. Today it is active in the private capital markets both directly and through its subsidiary companies. MidCap offers a range of traditional and boutique investment banking services, asset management services, equity investment, debt products, and private investment funds. Executive Summary Previous So ware: • QuickBooks Results with Sage Intacct: • Scaled easily with dynamically changing multi-entity business • Saved 16 hours/month on global consolidations • Gained trusted insight into business KPIs • So ware paid for itself in <7 months based on business value Challenges Diverse Business Gains Flexible Financial Management System MidCap Credit & Capital is a boutique private equity company with six product lines, including real estate investments, small business lending, and traditional equity financing. With dozens of legal entities across the United States, the organization maintains separate general ledgers (GLs) to support each subsidiary's distinct partnerships and operating models. Given these complexities, MidCap previously struggled to run its business on over 30 instances of QuickBooks, which simply became unfeasible as the company expanded and further diversified over the years. Eventually, the firm adopted Sage Intacct's cloud-based financial management system and hired Will Stewart as its corporate controller. Stewart joined MidCap from a Big Four accounting background and was immediately impressed with the company's surprisingly robust back office so ware. He shared, "A er years of auditing Global 50 companies, I was used to working with enterprise environments like Oracle and SAP, and couldn't imagine there was a product that could fit the requirements of a small but complicated business like MidCap. However, I was quickly impressed by Sage Intacct's capabilities as a fully functional, multi-entity GL that supports all our different subsidiaries. It's a wonderful system with tremendous flexibility and scale." Solutions Seamless Multi-Entity Financial Processes Maximize Productivity Sage Intacct easily manages all the accounting needs for MidCap's broad portfolio—including decentralized payables, inter-entity transactions, and global consolidations. Even though the central headquarters office handles financials for half of the companies' product lines, while the others each have their own management and accounting teams, everyone works together in Sage Intacct. As a result, they avoid unnecessary manual work, close the books faster, and run accounts payables efficiently. "It's fantastic to have all of our financials in one place with Sage Intacct," noted Stewart. "We can simply click on a drop-down and look across all of our portfolio to find answers or make entries related to any part of the business in just seconds. This is especially helpful at the corporate level, since we have inter-entity investment transactions, move capital on daily basis for cash positioning, and do monthly inter-company eliminations and consolidations. Those tasks would require nearly two days of manual checks and controls every month if we were still working in multiple QuickBooks instances, but they're effortless with Sage Intacct." Diverse Business Gains Flexible Financial Management System MidCap C A S E S T U D Y

• Cover