Case Study: Guarantee Trust Life achieves a paperless reconciliation process with SkyStem ART

GTL Achieves a Paperless Reconciliation Process and Goes Green with ART

Guarantee Trust Life, a mid-sized mutual insurer, was still handling account reconciliations manually after a general ledger upgrade, with staff printing support documents and routing them for review. The finance team wanted to automate, standardize, and make the process paperless, and selected SkyStem and its ART reconciliation solution after evaluating several vendors.

SkyStem implemented ART in 25 days, trained users live, and had GTL running its first automated reconciliation cycle within a month. Within 90 days, GTL achieved a paperless environment, daily automated balance refreshes from Oracle PeopleSoft, companywide standardization, and real-time visibility into status and exceptions, while also reducing reconciliation volume by 15% to 20% each month and eliminating data gathering and administrative reporting time.

Guarantee Trust Life