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

Rhino Resource Partners achieves reconciliation automation in 11 days with SkyStem

Rhino Resource Partners, a diversified energy partnership, faced an increasingly unwieldy manual account reconciliation process across its many companies. Their inconsistent methods and disparate document storage made meeting audit requirements difficult. Seeking automation, they evaluated solutions including SkyStem's ART.

SkyStem implemented its ART reconciliation software, achieving a full operational deployment in just 11 days. This enabled Rhino to systematically reconcile approximately 35% of all balance sheet accounts, dramatically shorten review timeframes, and eliminate manual binders. The results included meeting all reconciliation goals, reducing audit effort by granting auditors restricted system access, and standardizing the process across all entities.

Rhino Resource Partners