SkyStem Launches New Balance Sheet Flux Analysis Module

NEW YORK, Dec. 31, 2018 /PRNewswire-PRWeb/ -- SkyStem LLC, a leading provider of automated month-end close and account reconciliation software, is excited to announce the release of the Flux Analysis Module(beta). The new module will be offered in ART's Enterprise and Enterprise Plus packages. ART's Flux Analysis Module(beta) allows ART users to perform variance analysis on balance sheet accounts based on custom rules.

Management may establish period-to-period, quarter-to-quarter, and/or year-to-year variance thresholds/rules for account balances that, once exceeded, kick off a preparation and review workflow. This allows users to document variance explanation in a standard form, attach supporting documents, sign-off electronically and more. There are two levels of review available. As general ledger account balances refresh during the course of performing close and reconciliation work in ART, the flux analysis variance calculation, workflow and sign-offs also update as appropriate.

"We are excited to share our new module and provide our customers with more tools to automate the month-end activities and reconciliation process," said Shagun Malhotra, CEO of SkyStem. "We look forward to hearing the feedback from our customers about this new update."

About SkyStem LLC

Headquartered in the heart of New York City, delivers a powerful close and account reconciliation application for organizations seeking to streamline their financial processes. The company's flagship solution, ART, is an enterprise technology that helps CFOs and Controllers shorten the month-end close and the time to issue financials by automating balance sheet reconciliations, managing month-end tasks, and providing insightful reporting. The web-based solution streamlines and eliminates up to 90% of manual activities while strengthening internal controls and corporate governance.

SOURCE SkyStem