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Monthly Dose for the Monthly Close

For the Evolving Accounting Department

October 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.

Fun

A little humor can go a long way.



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.




Saving Mr. Banks and Reconciliations

  Nancy Wu

So the movie came out almost a year ago, but I am a big fan of watching movies way after its run at the theaters. Watching movies on the couch is so much better – the blanket, the pause button and the bathroom are all within easy reach.

Saving Mr. Banks is about how P.L. Travers created Mary Poppins and the Banks family. It illustrated the author’s childhood events that may have influenced Mary Poppins’ story and character design.  I’ve seen Mary Poppins probably a dozen times.  But after watching Saving Mr. Banks and then watching Mary Poppins again, which of course I did right away, it was like watching a whole new movie.  Because only then was I able to notice the subtle details and understand why certain things were the way they were.

It’s the same with work.  When we understand WHY we do certain seemingly routine things, we can’t help but make our work more impactful.

For example:  Why do we have to produce balance sheet reconciliations every month?

If I don’t understand the significance behind this, I may be tempted to do a wishy-washy job.  At the end of the day, it’s just a pile of signed paperwork anyway, so why does it matter how much effort I put into it?  Why bother chasing down open items? Why bother getting that supporting detail?

But for someone who understands how the reconciliation activity is intimately tied to prevention and detection of financial reporting error and fraud, he will be less tempted to rush through his work, because he knows what this means to the financial health of the organization.  He’ll also be better equipped to identify exceptions and issues that will be material to management, because he has the big picture in mind.

Not to switch gears on you, but let me tell you something about my bedroom.

I make my bed every morning.  My husband is not in the habit of making the bed, and I never ask him to do it.  But if he gets up later than I do, he will always make our bed.  It’s not something he does naturally, but he knows I love it so he doesn’t mind.

This is a man who knows the WHY behind bed-making.

Dashboards Help You See WHY

Collaboration is built into the financial close process. Having visibility as to progress and issues helps the team and prevents surprises at signature time.

See how ART's dashboards can help automate and streamline your month-end account reconciliations and establish the importance of WHY behind each team member's role.

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