Before implementing ART, Lake Health was managing reconciliations of high-risk accounts with a spreadsheet checklist. High-risk accounts required reconciliation preparation and review to occur within a certain timeframe before the next period. Medium and low risk accounts were either reconciled on an ad hoc basis, or through semi-annual balance sheet reviews. Ownership was sometimes designated to groups, and not clearly assigned to individuals, which was not ideal.

Read on to learn how SkyStem's ART helped prevent risk and streamline Lake Health's month-end close.