Who Uses This Software?

Mid-sized enterprises desiring to automate the balance sheet account reconciliation and financial close process without incurring substantial cost or undergoing a long implementation.


Average Ratings

12 Reviews
  • 5 / 5
    Overall
  • 4.5 / 5
    Ease of Use
  • 5 / 5
    Customer Service

Product Details

  • Free Trial
    Yes
  • Deployment
    Cloud, SaaS, Web
  • Training
    Documentation
    Webinars
    Live Online
    In Person
  • Support
    Online
    Business Hours

Vendor Details

  • SkyStem
  • skystem.com
  • Founded 2009
  • United States

About ART

SkyStem delivers a powerful close and account reconciliation application called ART, for organizations seeking to streamline their financial processes. Our cloud-based solution eliminates up to 90% of manual activities in a company's accounting department while strengthening internal controls and corporate governance. ART's key benefits include reconciliation automation, automatic reporting, real-time updates, fast implementation and your own internal server environment with access anywhere.


ART Features

  • Accounts Payable
  • Accounts Receivable
  • Bank Reconciliation
  • Billing & Invoicing
  • Cash Management
  • Collections
  • Consolidation / Roll-Up
  • CPA Firms
  • Expense Tracking
  • Fixed Asset Management
  • Fund Accounting
  • General Ledger
  • Government
  • Multi-Currency
  • Payroll
  • Project Accounting
  • Purchasing
  • Revenue Recognition
  • Spend Management
  • Tax Management
  • Trust Accounting
  • Approval Process Control
  • Compliance Management
  • Configurable Workflow
  • Customizable Dashboard
  • Document Management
  • Event Monitoring
  • Forms Management
  • Graphical Workflow Editor
  • Help Desk Management
  • Project Management
  • Resource Management

ART Reviews Recently Reviewed!

Easy to use, easy to make changes. This product has been very helpful to standardize our recon's.

Jun 20, 2017
4/5
Overall
3 / 5
Ease of Use
3 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
Likely
Extremely
Likely

Pros: I like the tasks portion. Although we currently use it to track our journal entries, I see it as a great monthend check list.
We have two companies, one on each side of the country and we both use the tool for recon's. It is a great way for the east coast to see the recon's for the west coast without having to travel. Out internal and external auditors have all the recon's at their finger tips along with the sign off trail.

Cons: We need a way to have the preparer "take back" there recon after they submit but before it's reviewed. The instructions can be a little more detailed. We like to read and do ourselves. Helpful tips should be on the site.

Overall: paperless, Central location for all recon's. Although we don't use the tool in the capacity it can be used, we like how the top page gives us uniformity. We have saved time by giving our internal auditors log in's to retrieve what they want instead of the accounting team making copies or sending emails.

ART is a definite improvement from what we were using before for our monthly BS account analyses.

Jun 12, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Pros: The software is straightforward and easy to use both from an admin and user perspective. Set up and monthly maintenance is simple. The different monthly reports are helpful especially when it comes to tracking work status and keeping track of who and when changes are made in the system.

What I like the most about using ART is the customer service. The response time is quick no matter what time I reach out to them for help.

ART Rating

Feb 28, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: Ease of use, customer support, and reporting capabilities.

Cons: Within the individual recons, we cannot edit the date of an open item, so items begin aging when they are input, not when they occur. As a result, the aging of items is not truly accurate.

Overall: The ART software was a perfect solution to help automate our company's 400+ balance sheet general ledger reconciliations. The implementation was easy and completed in just one month! The customer support has been excellent; from implementation, training users, and ongoing maintenance, they have been responsive and helped every step of the way. ART is easy to use, has excellent reporting capabilities, and has customizable quality control features. We have been very satisfied with the product!

Recommendations to other buyers: The system is excellent for sharing reconciliations electronically among the department, as well as internal and external auditors.

ART review

Feb 22, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Comments: ART is a great tool for accounts reconciliation. It really forces you to really look into the account to know what makes up the balance. It is easy to set up users in ART. Users have access right away after they have been set up.
It is easy to assign or reassign accounts to users and the changes take effect right away. No waiting period. Customer support is great. Staff are very accessible and quick in responding to whatever questions we have. It's a great tool for auditing purpose. Audit trail shows the work flow, who, when submits the recon and who when approves the recon so there's accountability. It's great that we can download the reports in excel so can sort or do pivot table or to see what have been done or have not been done.

An Easy and Intuitive Time-Saver

Feb 22, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Comments: I wish we had partnered with SkyStem much earlier! SkyStem ART has been both a valued time-saver and much-appreciated simplifier for our Accounting team. SkyStems's ART system was easy to learn, significantly reduced our team's reconciliation prep time, and has done so at great value. The implementation process and learning curve was straightforward, and their customer service has been outstanding - throughout implementation and ever since. Thank you!

ART System Review

Feb 21, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: The ability to attach matching balanced settlements in the system making it easy to research and compare totals.

Cons: Sometimes the staff would get hung up on where to attach a settlement. Once they got used to it they became comfortable with it.

Overall: I had the opportunity to use the ART Skystem system for a couple of years. It was a great system for us being accountable for all the settlements we were responsible for. It was also a great system for our Comptrollers department as well. The system training was top-notch. The customer service was also excellent. Response time would be same day on the occasions we needed assistance. I had the chance to meet Customer support representative and was very impressed with the knowledge she possesses! If you are considering this system I would highly recommend it...!

Recommendations to other buyers: Nancy was fantastic and Linda Adler who was at BMT at the time learned and knew the system very well. Excellent product..!

Exceptional Customer Service

Feb 21, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money

Comments: The SkyStem Team is amazing! They are very responsive to our questions and needs. Even well after the implementation.

Excellent Product

Feb 20, 2017
5/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Comments: We have used the ART product for several years now. We have been pleased since day one. Accounts are reconciled much timelier as opposed traditional paper reconciliations. Further, Management loves the visibility provided by the product. Management can ensure proper and timely completion, verify support is adequate, provide additional staff training when needed, etc. Our Audit department is also a fan because they can retrieve information on demand. This helps them achieve their goals more efficiently and often eliminates much of the administrative burden placed on Accounting when fulfilling Audit documentation requests.

A No-Brainer

Feb 17, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 10.0/10 Not
Likely
Extremely
Likely

Pros: Clarity and vision into the details of our accounts.

Cons: The UI can get confusing until you get familiar with the layout, but that's because of it's power.

Overall: SkyStem is a fantastic solution for bringing clarity to our close process. We now know our risk with each of our accounts. It never let's us down and gives us the needed credibility with our auditors. Thank goodness for Skystem. We'll be clients for life!

Recommendations to other buyers: Buy it before they realize it's true worth to us accountants and raise the price.

Great Reconciliation Management Solution

Feb 17, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money

Comments: ART resulted in immediate efficiencies to the reconciliation management process. The product support team is exceptionally knowledgeable and responsive.

Skystem ART

Jan 25, 2017
5/5
Overall
5 / 5
Ease of Use
5 / 5
Features & Functionality
5 / 5
Customer Support
5 / 5
Value for Money
Likelihood to Recommend: 9.0/10 Not
Likely
Extremely
Likely

Pros: I like the ability to see all sites across the globe and prove that all reconciliations are completed and reviewed.

Cons: The Taskviewer is not as easy to maintain.

Overall: I love the reconciliation portion of the software. This provides visibility across the globe and provies proof of review. The TaskMaster is not as easy to maintain (this is the journal entry check off list).

SkyStem User

Dec 14, 2016
4/5
Overall
4 / 5
Ease of Use
4 / 5
Features & Functionality
5 / 5
Customer Support
4 / 5
Value for Money

Comments: Skystem was the first reconciliation system that I have used. It was a big step up from 3 inch binders.