Case Study: Gateway Bank of Southwest Florida achieves 50% faster month-end reconciliations with SkyStem

Gateway Reduces Month-End Account Reconciliation Preparation Time by 50%

Gateway Bank of Southwest Florida, a full-service bank, was spending too much time on manual month-end account reconciliations in spreadsheets, sometimes working until month-end even though the close took only two days. The finance team needed a faster, paperless, and auditor-friendly process, so they turned to SkyStem’s ART account reconciliation solution.

SkyStem implemented ART in less than a month, using the bank’s existing Excel files to speed setup and training. The result was a 50% reduction in monthly reconciliation time, over 30% of balance sheet accounts system reconciled automatically, shorter review cycles, eliminated paper, and better documentation and audit trail support for auditors.

Gateway Bank of Southwest Florida

Evelyn S.

AVP-Sr. Accountant