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Monthly Dose for the Monthly Close

For the Evolving Accounting Department

April 2014

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About ART

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.

Whitepapers

Three Ways to Torture Your CFO



Redefining Management's Expectations on Quality, Productivity and Cost of Maintaining a Healthy Balance Sheet


 

We Know That...

Adopting new technology is a big change.  That’s why we offer different ways to help you decide if ART is right for your accounting group. 

SNEAK PEEK
Watch a short video on what we do, how ART works and the ways you can benefit.

LIVE DEMO
Schedule a private demo for your group to see how ART can transform your account reconciliation process without breaking the bank. 

TALK TO US
See if ART can drive productivity and automation into your monthly close by lightening workload, standardizing and creating total transparency.




What's Lurking Beneath the Close

  Nancy Wu, Head of Client Service

The Close is when things come to a head.  Mistakes and oversight from all other areas of the business tend to surface during the closing process, so it's essential that the process is precisely controlled.  This, however, is not always the case.  In fact, a typical Close tends to have a few kinks lurking beneath the surface:

Kink #1: Delayed Information
You don't have real-time information at your fingertips.  Getting a status update means you have to burden the staff.  It's difficult to reassign closing activities or anticipate a delay, because you don't have full visibility into the process.

Kink #2: Surprises...and not the good kind
Sure, reconciliations are occurring during the Close.  But are they being done correctly?  Are all accounts truly reconciled, or could there be "roll forwards" that are merely replicating the general ledger?  Is all supporting documentation readily available, or do people scramble to find invoices and contracts when auditors arrive?  These are not the kind of surprises you want to be caught in.

Kink #3: "Robot" Staff
Employees are spending their valuable time doing routine, administrative work: copying and pasting, creating and updating checklists, organizing documents and files.  Your staff were hired to think.  So why are they doing mechanical tasks that can be handled by a machine?

You can take action today to work out these kinks.  Schedule a demo today and see what we can do for accounting departments like yours.

We're Your "Close" Friend

At SkyStem, we believe that the Close process shouldn’t be so beastly.  We help you close the books fast, get it done right, so you can get on with the rest of your month!

See how we can help automate and streamline your month-end account reconciliations.

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