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    Success Story

    Gravity Midstream

    Midstream oil and gas company moves to the Baker Tilly platform for finance and accounting

    Background

    Gravity Midstream's expertise centers on providing midstream logistics for crude and refined products. The company's oil and products experience lends itself to unique intermodal storage and logistics solutions focused on enhancing opportunity and optionality for their customers. After a rigorous software and services evaluation, Gravity Midstream chose Baker Tilly over both on-premises and cloud ERP solutions, as well as other finance and accounting outsourcing providers, as the best fit for the company's needs.

    With Baker Tilly and the Sage Intacct platform, we get the benefits of an enterprise grade accounting solution without having to hire and maintain a finance and accounting staff. As our business grows, Baker Tilly and Intacct will scale with us.

    Craig Peus, Chief Financial Officer
    Gravity Midstream

    Previous accounting challenges

    • As a private equity backed start-up, Gravity Midstream did not have an in-house finance and accounting team that could handle the companies planned growth.
    • Gravity was in the process of acquiring multiple assets and needed sophisticated finance and accounting capabilities to manage those assets.
    • Gravity was not interested in hiring an in-house accounting team as their focus was on growth and acquisitions.

     

    I give Baker Tilly 10 out of 10 across the board for how their team handled the implementation.

    Craig Peus, Chief Financial Officer
    Gravity Midstream

    Benefits realized after Baker Tilly

    • Because of its limited functionality, QuickBooks was not a viable accounting solution, and Gravity saw the benefit of Baker Tilly's managed accounting services on the Sage Intacct ERP platform.
    • Baker Tilly and Sage Intacct will provide Gravity's management team with real-time insight into the company's financial and operational picture via custom reports and dashboards that are accessible at any time from anywhere.
    • Baker Tilly’s shared services model provides Gravity both with specialization and experience across the finance and accounting function, as well as scalability when transaction volumes increase or decrease.

    Explore more

    Baker Tilly curates, integrates and optimizes the right technology stack for your organization. We layer in our own proprietary “last mile” solutions. And we offer these technologies either via a Software-as-a-Service delivery model, where your own Finance function manages the day-to-day use of the technology or via a Finance-as-a-Service delivery model where we run your accounting operations and provide the outcomes you need.

    Here are some additional resources that may help you find solutions for your challenges. Or schedule a discussion to go over your needs and goals now.

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