Machias Savings Bank Enjoys Better Oversight

In this Chit Chat, SkyStem sits down with Machias Savings Bank financial leaders Tara Bartko, SVP of Accounting and Finance and Jody Dennison, VP of Accounting. Before ART, Machias relied heavily on spreadsheets to manage month-end work. To track monthly reconciliations, the accounting team used a central spreadsheet that was managed throughout the close. In 2013, the bank crossed $1 billion in assets, which was when it became subject to more rigorous regulatory requirements. The accounting team knew it needed a stronger internal controls program. Follow along to witness their journey into month-end close automation.