Greater Hudson Bank Automates Month-End Close Process with ART
SkyStem LLC, a provider of automated month-end close account reconciliation software, is pleased to announce their case study on the Greater Hudson Bank’s success story with ART. Greater Hudson Bank, a locally-owned premier New York community bank, was interested in adopting solutions for reducing paper in efforts to conserve natural resources. Their go-green initiative led to their interest in using SkyStem’s flagship solution, ART, that automates the month-end close and reconciliation process. Their finance and accounting department was using a significant amount of paper with their consistent manual work. After implementing ART, the bank was able to eliminate their process of manual labor and paperwork by using automation.
Not only was their manual process using an abundance of paper, but it was also preventing their process from ever being smooth and organized. This was incredibly administrative and cumbersome, as team members had to continually sign and date various checklists and documents, manually track the status of each activity and maintain offline records. ART’s Task Master offloaded this burden from the finance team, so the members could focus on closing the books and not be distracted with administrative activities. A few months after adopting ART, Greater Hudson Bank had reduced the amount of paper they were using, archived and extracted all their reconciliations, centralized their reconciliation status tracking, and were able to prepare and review reconciliations from anywhere. For more information on the Greater Hudson Bank’s success and benefits from adopting art, read their case study here.
About SkyStem LLC
Headquartered in the heart of New York City, SkyStem delivers a powerful close and account reconciliation application for organizations seeking to streamline their financial processes. 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.
