We're all about process efficiency at SkyStem. 

Account reconciliations are not often associated with the term efficiency, so we broke down how ART, our account reconciliation and month-end close automation solution, handles reconciliations. They are completed in five easy steps.

Period End Date Arrives

1. ART generates all reconciliation coversheets and system reconciles up to 35% of the balance sheet automatically.
2. Reconcilers update remaining reconciliations, attach support and submit accounts electronically for review.
3. Reviewers receive email notification, log into ART to review and sign-off on reconciliations.
4. ART locks down all completed reconciliations and makes them available for offsite auditors.
5. Once books are closed, click one button in ART to download and archive all reconciliations, supporting documentation and electronic signatures onto internal company server.

ART provides you with an efficient process. How? By eliminating all of these steps and issues:

• Creating coversheets for every account
• Reconciling every account
• Email routing review
• Paper/Post-it review notes
• Gathering and checking for sign-offs
• Printing, scanning, collating
• Inconsistent formats
• Storing copies of reconciliations in multiple hard drives and desktops
• Copying and scanning for auditors
• Offsite storage facility, etc.

See how ART does it in this brief, on-demand demo.

​Did you know that a typical monthly-close checklist is six pages long while a checklist for a routine surgery is less than one page? Read more >>>