Press Release: July 25, 2016
SkyStem Founder, Shagun Malhotra, Gives Back to NYC Entrepreneurs
New York, NY -- SkyStem LLC, a leading provider of automated account reconciliation software, is proud to announce that it’s founder, Shagun Malhotra, will once again serve as a judge for the New York StartUP! 2016 Business Plan Competition.
Since being awarded the 1st runner up prize in the 2011 competition, Malhotra has been activity involved in the StartUP! program. Her skills and experience in establishing her technology venture, SkyStem, have made her a valued addition to the panel not only as a judge but also a mentor.
“I truly love working with future entrepreneurs and inspiring them to pursue their passions. There have been countless individuals who have helped me along the way, so being a part of this competition is my way of paying it forward,” said Malhotra. “It’s refreshing to see all of the innovative ideas and business plans that are being generated here in the city,” she continued.
2016 marks the 7th annual competition hosted by The New York Public Library in conjunction with its sponsor, Citi Foundation. Each year, New York-based startup entrepreneurs are invited to participate in educational workshops and pitch their business ideas for a chance to win up to $15,000 to fund their business ventures.
About SkyStem LLC
Headquartered in the heart of New York City, SkyStem delivers powerful account reconciliation applications for organizations seeking to streamline their financial close process. The company’s flagship solution, ART, is an enterprise technology that helps CFOs and Controllers shorten the month-end close and the time to issue financials by automating balance sheet reconciliations, managing month-end tasks, and providing insightful reporting. The web-based solution streamlines and eliminates up to 90% of manual activities while strengthening internal controls and corporate governance.