|ART equips executives with striking insight into their balance sheet by transforming the account reconciliation process. Do away with spreadsheets, crazy emailing and manual distractions. Enjoy ART's powerful workflow management and reporting tools to automate account reconciliations and become more productive without ever installing software.|
Three Ways to Torture Your CFO
Redefining Management's Expectations on Quality, Productivity and Cost of Maintaining a Healthy Balance Sheet
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5 Rules to Building Checklists that Don't Suck
Nancy Wu, Head of Client Service
Creating activity checklists is a great way to collectively download our brains and build repeatable processes at work. But whether it's around journal entries or account reconciliations, the quality of the checklist itself can heavily affect the desired outcome.
So how does one go about building a good checklist (or at least one that doesn't suck)? Here are five general rules to follow:
- One Name per Task. Make it clear who’s on point by assigning one primary person, and only one, along with a back-up for each item. Muddled accountability confuses the staff and frustrates management.
- Get the Story. Go by chronology so that the checklist can tell the story during the close. Where is the process getting stuck? What’s holding up the Flash? Are you running ahead or behind schedule? A chronologically ordered checklist can answer those questions at a glance.
- Be on the Same Page. Don’t leave it entirely up to each person to decide what needs attention. Clearly distinguish tasks that lie on the critical path, so that everyone can focus their energy accordingly.
- Technology Can Hinder. Does the team get “locked out” of a shared checklist? Are there version control problems? Annoyances like this seem small, but play their part in discouraging participation. Either adopt more appropriate tools or revert to “no-tech” alternatives if necessary. Print a hard copy and have team members write in as things get done. We have so few opportunities to use a pen and paper these days that it may be a welcoming change.
- Avoid Too Much Information. Information that must be collected manually comes at a steep human cost. Weigh the value of statistics against the cost of acquisition. Avoid asking your team to produce data that is overly cumbersome to gather, as it will just guarantee inconsistent delivery and a lot of grumbling.
|ART's Reconciliation Checklist Never Sleeps|
The best kind of checklist is the kind that updates itself. Whether you have hundreds or thousands of accounts, ART constantly keeps you apprised of reconciliation completion status, date, exceptions and variances in real-time, without the need to intervene manually.
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|Here's to an Awesome Close!|