Case Study: Stock Yards Bank & Trust achieves automated month-end reconciliation with SkyStem ART

Stock Yards Uses ART To Automate Month-End Reconciliation Process

Stock Yards Bank & Trust, a growing regional bank with more than 500 balance sheet accounts, was spending too much time on manual month-end reconciliation work as its operations became more complex. The Accounting Team needed a better way to manage sign-offs, supporting documentation, and tracking, so it evaluated SkyStem’s ART along with another solution to streamline the process and reduce risk.

SkyStem implemented ART in just a few weeks with no implementation cost, providing electronic sign-off, real-time status tracking, audit trails, automated reminders, and system reconciliation capabilities. The result was a more transparent and accountable process, with 30% to 35% of balance sheet reconciliations system reconciled, less manual work, and errors in two accounts identified and corrected within the first two weeks.

Stock Yards Bank & Trust

C. Price

Accounting Manager