ART works with any ERP to equip executives with striking insight into their balance sheet. By transforming the close and account reconciliation process, ART helps accounting departments of all sizes.

Reconciliations

Reconcile accounts efficiently, effectively and manage documents electronically.

• Reconcile in standard reconciliation forms and in multiple currencies.
• Reconcile multiple periods simultaneously.
• Utilize system algorithms to perform up to 40% fewer reconciliations each month.
• Electronic sign-off. Paperless review process.
• Transactional matching between data sets.
• Real-time dashboards to monitor status, exceptions, and more.

Task Master

Manage the Close checklist and other tasks.

• Automate the Close checklist during the financial reporting process.
• Assign tasks for team members to complete.
• Link task activity and documents to balance sheet accounts to enhance reconciliation process.
• E-mail notification upon task assignment, completion and approval.
• Archive close documents, such as analyses or journal entry support, and more.

Flux Analysis

Flux the balance sheet based on pre-set percentage and/or dollar thresholds.

• Automatically identify accounts that exceed management thresholds.
• Perform flux analysis on a monthly, quarterly, annual or as needed basis.
• Assign owners to explain variance and attach support.
• Electronic sign-off and up to two levels of approval.
• Email notifications on status change and due dates.

Variance Analysis

Compare P&L fluctuations based on pre-set thresholds or against budget.

• Automatically identify accounts that varies materially from budget or against prior periods.
• Perform P&L variance analysis on a monthly, quarterly, annual or as needed basis.
• Assign owners to explain variance and attach support.
• Electronic sign-off and up to two levels of approval.
• Email notifications on status change and due dates.

Certification

Certify and validate the balance sheet from the top.

• Macro-level validation of the balance sheet reconciliation process.
• Certification of account ownership, account balances and exceptions by level: staff, manager, etc.
• Staff, manager and controller may require mandatory sign-off to a variety of custom data:

• Unusual Balances
• Delinquencies
• Account Status
• Open Items
• Quality Score
• Total Exceptions
• CEO / CFO Certification, and more

Reporting

Produce both insight and oversight in real time.

• Real time “grading” of reconciliation quality.
• Real time executive dashboards (CFO/Controller) that drill down to individual accounts and owners.
• Role based access to key reports (delinquencies, write-offs, exceptions, open items aging, etc.).
• Electronic report sign off and archiving for any role, any time.
• Ability to extract reports as PDF or spreadsheet, and more.