Case Study: Community National Bank streamlines month-end reconciliations with SkyStem ART

Community National Bank streamlines 400 account reconciliations in 10 days with SkyStem

Community National Bank, a billion-dollar bank serving Vermont communities, faced an inefficient and risky manual process for reconciling over 400 balance sheet and internal checking accounts. Their team relied on spreadsheets, printing, and scanning, which was cumbersome for their 10-day close. Seeking a centralized solution with strong controls, the bank turned to SkyStem and its ART platform.

SkyStem's ART platform provided a sophisticated yet simple centralized system for all reconciliations. The solution offered individual user logins, informative dashboards, and concise reporting, giving the CFO clear visibility into the process status. A significant benefit was the ability to grant direct auditor access to the platform. While specific quantitative metrics are not detailed, SkyStem's ART helped the team tremendously by streamlining the month-end close and replacing an unreliable manual process.

Community National Bank