Customer Case Studies

www.sageintacct.com 300 Park Ave #1400 San Jose, CA 95110 877-437-7765 Copyright ©2018, Sage Intacct, Inc. All rights reserved. Sage Intacct is a registered trademark of Sage Intacct, Inc. Rev: SI_Case_Study_RapidRatings_Updated | September 12, 2018 1:48 PM D i v e r s e B u s i n e s s G a i n s F l e x i B l e F i n a n c i a l M a n a G e M e n t s y s t e M Sage Intacct's reporting delivers critical value for our business. Rather than trying to dissect detailed transaction listings when we need to view our underlying data in a specific way, Sage Intacct lets us filter, organize, and report information in whatever format is relevant to our principal, subsidiary CEOs, or even investing partners— whether that be detailed operational insights or higher level comparisons of investment projects across entities. Will Stewart, Corporate Controller, MidCap Credit & Capital In addition, Sage Intacct allows MidCap to quickly set up subsidiaries and have those new entities either inherit the company's existing lists, process definitions, and chart of accounts, or configure unique definitions and rules for inter-entity transactions. "The system helps us remain agile as we close and open various entities, each with their own requirements," Stewart said. "As we consider investment deals or acquire more companies in the future, I have confidence that it will be very simple to add them into Sage Intacct. Our finance processes can evolve to be even more sophisticated as we continue to invest time into the so ware." Results Easily Customizable Reporting and Dashboards Boost Business Insight Sage Intacct's dimensions capture the business context of MidCap's transactions, operational measures, and budgets. By tagging transactions with the relevant location, project, product, customer, department, vendor, or employee, the finance team can produce detailed views of performance across all entities, understand what's going on in each business, and easily create ad hoc financial and management reports whenever needed. For example, MidCap's principal uses a Sage Intacct dashboard to track a range of key performance indicators, including daily cash balances, cash forecasts, projected cash flows over the next month, and more. The team no longer has to scramble to find and position cash to cover accounts payables runs or payroll, and they can evaluate and take advantage of short-term opportunities that pop up—such as a one-week cash advance loan—with more confidence that it will not put the company in a cash crunch. Everyone is now on the same page when it comes to expectations and the financial health of the business. "One of Sage Intacct's greatest benefits is the fact that as accountants, our small team can set up the reporting ourselves and configure things without doing tons of heavy li ing or having an IT degree," concluded Stewart. "We don't have to pay consultants hundreds of thousands of dollars each month to program the system or make changes on our behalf—and that is very rare in my experience. With a company like ours that's rapidly maturing and changing its processes, a flexible system like Sage Intacct is essential."

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