How Much of Your Financial Close is Administrative Work?

In his article The 7 Consistent Routines of Geniuses, Chris Matyszczk says that geniuses “ruthlessly separate administration from real work. When they set to work, nothing interrupted them and they could just stick to being brilliant.”

Sounds like utopia, right? No one likes to get bogged down doing mindless but necessary administrative tasks when important deadlines are looming.

Thankfully ART, SkyStem’s financial close management tool, automates and/or eliminates much of the administrative work associated with account reconciliations, helping finance teams focus on more value-added activities. So, no more photocopying, circulating, emailing, stapling, filing, binding, signing, dating, notating, etc.

Our client, Evelyn S., Associate Vice President at Gateway Bank of Southwest Florida, said they chose ART because “We wanted something that would help us work through reconciliations faster. We also wanted a streamlined and paperless process.” With ART, Evelyn was able to reduce the amount of time it took to finish reconciliations by 50%. In fact, 30% of the Bank’s balance sheet accounts are now automatically reconciled! Sounds like utopia, right?

To learn how ART could save you time by automating administrative tasks, click here.