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Monthly Dose for the Monthly Close

For the Evolving Accounting Department

May 2013

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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.




Dashboard Magic!

  Nancy Wu, Head of Client Service

Ah, so many things to love about Corporate America: promotions, happy hours, and one of my personal favorites, dashboards.  Dashboards are like the haiku of corporate data – minimum content, maximum impact.  Probably the quickest way to get attention and action for the work we care about is to create a dashboard for it.  Here are a few things to keep in mind when doing so:

Visibility: For a dashboard to be effective, it has to be seen by those who participate in the decision making process.  Because it’ll be making the rounds, It’s crucial that the dashboard design is quick to read and pleasing to the eye.  This is the place to spring for color and formatting wizardry.

Ownership:  For each item that is being measured on the dashboard, there needs to be an owner assigned to take responsibility for it.  Often there is a fear of “calling people out” so the names get dropped, or a department name is substituted.  Refrain from this, as it dilutes accountability.  It is advisable to always have an individual’s name connected to each metric.

Content:  Content is still king.  All of us are skilled enough in our subject matter area to know what is important to measure.  A word of caution is to measure progress at both ends of the spectrum, so that the dashboard does not mislead the reader with skewed insight.  So, if speed is measured, then also consider quality.  If timeliness is a measurement, then also include total effort.

Dashboards lose their potency when creators neglect the designer eye, try to measure too much, or avoid presenting information that leads to hard conversations.  Try to resist these pitfalls whenever possible, because a watered down dashboard is a wasted dashboard.


We Think You Should Get Out More

At SkyStem, we believe that account reconciliations shouldn’t get in the way of life.  We help you get them done fast, get them done right, so you can get out of the office and on with your life!

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

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