Account Reconciliation Workarounds
It is expected that internal operating procedures adjust in response to internal influences, such as changes to the organization’s business model, its products or services, target audience, suppliers, etc.
External influences, such as accounting rules and regulations, can also affect internal operating procedures, as can modifications in enterprise resource planning software. These changes often result in system stress, workarounds and manual interventions that while achieving the desired results in the short-term, often create other problems, sometimes bigger problems, in the long-term.
How Do You Abandon Account Reconciliation Workarounds?
One step toward abandoning account reconciliation workarounds, as well as those in the month-end close, is automation. ART, SkyStem’s account reconciliation and month- end close solution, establishes a workflow, stores supporting documentation and reports on aging items. Most importantly ART can connect with almost every ERP system out there. See how ART works in this short video.