Case Study: Rhino Resource Partners achieves reconciliation automation in 11 days with SkyStem

Rhino Resource Partners Achieves Reconciliation Automation in 11 Days

Rhino Resource Partners, a diversified energy partnership, was struggling with an increasingly unwieldy account reconciliation process caused by acquisitions, multiple locations, and inconsistent document storage. The company needed a way to meet strict audit requirements and streamline month-end close, and evaluated SkyStem’s ART alongside BlackLine.

SkyStem implemented ART as Rhino Resource Partners’ automated reconciliation solution, and the team was up and running in just 11 days. The platform centralized supporting documents, automated cover sheets and approvals, and system-reconciled about 35% of balance sheet accounts, helping Rhino meet a 5-day auditor deadline, eliminate binders, reduce audit effort, and standardize reconciliations across 20+ companies.

Rhino Resource Partners

Liz B

VP and Controller