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 software.