SkyStem
41 Case Studies
A SkyStem Case Study
Bob Mills Furniture, a growing furniture retailer, faced significant challenges in its month-end financial close process due to rapid expansion and a lean accounting team. Their manual, ad-hoc reconciliation process led to missed deadlines, a lack of visibility, and the risk of unreconciled accounts, prompting them to search for an automated solution from vendor SkyStem and its product ART.
SkyStem implemented its ART solution, which established a centralized and intuitive reconciliation process for Bob Mills Furniture. The results were substantial, including a 40-50% reduction in reconciliation volume each month, the automation of repetitive tasks like prepaid accounts, and time savings that allowed the team to re-deploy resources. With support from SkyStem, the team successfully adopted the system and now closes its books with confidence.