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features
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support

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Description

To initiate a reconciliation, one should start by examining the closing balance of the General Ledger in comparison to the sub-ledger or other pertinent documents, which may include bank statements or third-party records. Any discrepancies identified between these sources must be thoroughly investigated, measured, and resolved whenever feasible by making the necessary adjusting entries in either the general ledger or sub-ledger. It is also essential to document any anomalies as reconciling items to maintain transparency throughout the process. Ultimately, the balances should align perfectly and be substantiated with all accompanying documentation linked to the reconciliation. The review process is crucial for confirming the completeness of the reconciliation, and incorporating an additional approval layer can enhance confidence in its accuracy. Moreover, establishing a robust framework along with a standardized process can significantly streamline and enhance the efficiency of the reconciliation process at the end of each month. This not only fosters consistency but also aids in identifying potential issues much earlier in the cycle.

Description

SkyStem is a New York City-based company that provides a powerful month end close solution for companies looking to streamline their financial processes. ART, the company's flagship product, is an enterprise technology that allows Controllers and CFOs to reduce the month-end close time and the time it takes to issue financials. It automates balance sheet reconciliations, manages month-end tasks and performs flux analysis. It also provides insightful reporting. The web-based solution reduces manual tasks by up to 90% and strengthens internal controls and corporate governance.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

Blackbaud CRM No 
Deltek Costpoint No 
Deltek Vantagepoint No 
Ellucian Banner No 
GLOVIA G2 No 
Genpact Cora No 
Infor CloudSuite HCM No 
Infor CloudSuite Industrial Enterprise No 
Infor LN No 
Macola No 
Oracle PeopleSoft No 
QAD Adaptive ERP No 
Sage 100 No 
Sage 100 Contractor No 
Sage 300 No 
SiteLine No 
Vista Field Service No 
Workday Financial Management No 

Integrations

Blackbaud CRM Yes 
Deltek Costpoint Yes 
Deltek Vantagepoint Yes 
Ellucian Banner Yes 
GLOVIA G2 Yes 
Genpact Cora Yes 
Infor CloudSuite HCM Yes 
Infor CloudSuite Industrial Enterprise Yes 
Infor LN Yes 
Macola Yes 
Oracle PeopleSoft Yes 
QAD Adaptive ERP Yes 
Sage 100 Yes 
Sage 100 Contractor Yes 
Sage 300 Yes 
SiteLine Yes 
Vista Field Service Yes 
Workday Financial Management Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

Free Demo
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows Yes 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App Yes 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Vendor Details

Company Name

RecWise

Founded

2017

Country

Australia

Website

www.recwise.com

Vendor Details

Company Name

SkyStem

Founded

2009

Country

United States

Website

www.skystem.com

Product Features

Audit

Alerts / Notifications No 
Audit Planning No 
Compliance Management Yes 
Dashboard Yes 
Exceptions Management Yes 
Forms Management No 
Issue Management No 
Mobile Access No 
Multi-Year Planning No 
Risk Assessment Yes 
Workflow Management Yes 

Product Features

Workflow Management

Access Controls/Permissions Yes 
Approval Process Control Yes 
Business Process Automation Yes 
Calendar Management No 
Compliance Tracking Yes 
Configurable Workflow Yes 
Customizable Dashboard Yes 
Document Management Yes 
Forms Management Yes 
Graphical Workflow Editor Yes 
Mobile Access No 
No-Code No 
Task Management Yes 
Third Party Integrations Yes 
Workflow Configuration Yes 

Alternatives

Alternatives

ReconXpert Reviews

ReconXpert

Sydel Corporation