SkyStem
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Case Study: Bar Harbor Bank & Trust scores an A+ on its audit with SkyStem ART
A SkyStem Case Study
Bar Harbor Bank & Trust gets an A+ audit with SkyStem in 1 year
Bar Harbor Bank & Trust, a $4 billion public bank, needed a more efficient and audit-ready month-end close process. Their previous manual reconciliation process was time-consuming and a pain point during audits. They turned to SkyStem and implemented its ART solution for account reconciliation automation.
SkyStem provided an easy-to-implement and user-friendly solution that centralized all reconciliations. The results were immediate: the bank achieved an A+ on its next audit, with auditors easily accessing all documents. The solution also saved significant time, freeing a staff accountant from two weeks of quarterly manual work and enabling career progression for the team.
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