MAY, 20236Offering a Powerful Close and Account Reconciliation ApplicationSkyStemClosing the books, reconciling accounts and performing flux analysis are essential activities for every corporation. Failing to close properly and efficiently can put companies at a competitive disadvantage and potentially run into regulatory and compliance issues. Mid-sized organizations, in particular, are challenged with having to manage complex operations, close quickly and report accurate numbers, often with a lean accounting team. ART allows customers to automatically reconcile certain accounts which could substantially reduce the overall number of accounts requiring reconciliation. Generally, approximately 35% of balance sheet reconciliations can be system reconciled through our system, ART. ART also provides easier electronic sign offs, establishes a standardized and centralized process with ART's standard forms, and better satisfy both internal and external audit requirements. Shagun Malhotra, the Founder and CEO of SkyStem, built ART ­ a SaaS solution that automates month-end close -- from managing close checklists and reconciling accounts to performing flux andvariance analysis.Shagun started her COMPANIES OF 2024BESTChronicleIndustryART doesn't just provide an efficient way to perform the month-end close. It is also focused on helping accountants produce high quality workShagun Malhotra, the Founder and CEO of SkyStem
< Page 5 | Page 7 >