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121 Financial CU’s account reconciliation process was taxing and cumbersome for both the preparers and reviewers. Various Excel sheets were being used for tracking proposes and due to the manual nature of this activity there was a great deal of uncertainty due to lack of real-time data. Reconciliations weren’t being done timely or correctly every time, and aged items that were discovered much later were later written off as a temporary solution. 121 FCU accounting team needed a more efficient process that would allow the team to be coordinated, standardized and automated. Read on to learn how SkyStem’s ART helped streamline their month-end close process. |
