Case Study: AM Retail Group saves 2 weeks per quarter with SkyStem ART

AM Retail Group saves 2 weeks per quarter with SkyStem

AM Retail Group, a retail company and subsidiary of G-III Apparel, faced a major challenge when its manual, folder-based account reconciliation process became overwhelmed after an acquisition increased its volume by over 300%. The accounting team struggled with tracking signatures, meeting audit requirements, and managing piles of documentation, prompting a search for an automated month-end close solution. They ultimately selected the ART platform from vendor SkyStem.

SkyStem's ART solution provided a centralized, automated platform that streamlined the reconciliation process. The implementation was completed in approximately 10 hours with minimal disruption. The results were significant, as AM Retail Group saved at least two weeks per quarter for its team of eight accountants, greatly shortened the audit process, and eliminated prior administrative duties. The vendor's tool provided real-time status reporting, electronic sign-offs, and a centralized repository for all supporting documents.

AM Retail Group