Who Uses ART?

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

What Is 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 Details

SkyStem

http://skystem.com

Founded 2009

ART Pricing Overview

ART does not have a free version and does not offer a free trial.

Free Version

No

Free Trial

No

Deployment

Cloud, SaaS, Web

Training

In Person

Live Online

Webinars

Documentation

Support

Business Hours

Online

ART Features

Accounting Software
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
CPA Firms
Expense Tracking
Fixed Asset Management
Fund Accounting
Government
Nonprofits
Payroll Management
Project Accounting
Purchase Orders
Tax Management
Access Controls/Permissions
Business Process Automation
Calendar Management
Compliance Tracking
Customisable Dashboard
Document Management
Forms Management
Graphical Workflow Editor
Mobile Access
No-Code
Task Management
Third Party Integrations
Workflow Configuration

ART Reviews

Showing 5 of 97 reviews

Overall
4.3/5
Ease of Use
3.9/5
Customer Service
4.4/5
Features
4/5
Value for Money
4.2/5
Emeka O.
Ambassador for The Technology Innovation Scholars Program
Higher Education
Used the Software for: 1-5 months
  • Overall Rating
    5/5
  • Ease of Use
    5/5
  • Features & Functionality
    5/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    10/10
  • Reviewer Source 
  • Reviewed on 19/1/2018

"The software is really helpful and straightforward once you get used to it."

Pros: This is a great software that not only provides a much needed visibility in accounting, but it also makes the process of accounting easier by matching balance settlements. That's my favorite part.

Cons: Sometimes you might stuck while navigating through activities at the beginning but once you get used to it, it becomes really straightforward and so helpful!

  • Reviewer Source 
  • Reviewed on 19/1/2018
Lisa S.
Accounts Receivable Administrator
Automotive, 5,001-10,000 Employees
Used the Software for: 1+ year
  • Overall Rating
    4/5
  • Ease of Use
    3/5
  • Features & Functionality
    3/5
  • Customer Support
    5/5
  • Value for Money
    Unrated
  • Likelihood to Recommend
    7/10
  • Reviewer Source 
  • Reviewed on 16/6/2020

"Accounts Receivable ART comments"

Comments: Overall, I think ART is a good product and would be beneficial to any company. The accounts are well defined and assigned. Any outstanding items are easily identified and you always know if you are in balance or not. It helps finding miss-postings, mistakes which is obviously essential to any accounting department.

Pros: Coming from a company that did account reconciliations manually, ART definitely is a huge step up in the process. It helps to identify outstanding items at a glance and is a reminder of those items that need to be addressed. Because accounts are assigned to a specific person, it also forces you to take ownership of those accounts assigned to you and held accountable. Another plus is there are several different formats and the best format is chosen for each specific account. Most of my accounts, listing the outstanding balances, and supporting documentation is all that is required so the simplicity of the set up is useful. Another advantage is that the information in ART rolls over from Month to month so you are not starting over.

Cons: I think ART could be more user friendly in general. I think subscribers of ART could also benefit from tutorials. For example, for those accounts that need to balance to a spreadsheet, a tutorial on how to upload a spreadsheet in Art that would upload automatically each month would be useful. I believe there is a way to do this but I do not know how to. For more complicated accounts, ART is a bit too simplistic. Another point is that you can not put a note to the approver prior to submitting the account. Also, if you want to change the description only for an entry made in the previous month, you cannot do so. You need to close the entry and add a new entry. Now that we have been on ART for a while, I new training session would be beneficial.

  • Reviewer Source 
  • Reviewed on 16/6/2020
Howard L.
Manager
Hospital & Health Care, 10,001+ Employees
Used the Software for: 2+ years
  • Overall Rating
    3/5
  • Ease of Use
    3/5
  • Features & Functionality
    3/5
  • Customer Support
    Unrated
  • Value for Money
    Unrated
  • Likelihood to Recommend
    5/10
  • Reviewer Source 
  • Reviewed on 26/3/2019

"Review"

Pros: Have not had a feature that stood out as something that is likeable other than it is a tool that appears to work.

Cons: 1) It can't or doesn't remember your log-in ID so you have to type it in each time. Other programs will at least remember it and only the password is needs to be entered.
2) User's can load another month's recon until the prior month is reviewed/approved. Becomes a roadblock to processing and workflow as recon may be okay but reviewer just has not gotten to it.
3) Multiple step process to save and then submit a recon. If not aware of proper steps, then recon is identified as not being done when it is. If "submit" is clicked it should be the 1 and only step.
4) Should be able to see past comments without having to go to the particular month for the reviewer to see history of review notes on particular account
5) Not intuitive on the some of the functionality to get reports out
6) Going back to undo a step, e.g. take back an approval, sends it back to preparer rather than putting it in the "to be reviewed' stage. It was approved once and maybe it is just the reviewer that wants to make a change to the review note but it goes back to preparer it seemed from the occasional times this was done.

  • Reviewer Source 
  • Reviewed on 26/3/2019
Beth S.
Investment Accountant
Insurance, 201-500 Employees
Used the Software for: 2+ years
  • Overall Rating
    4/5
  • Ease of Use
    3/5
  • Features & Functionality
    4/5
  • Customer Support
    Unrated
  • Value for Money
    Unrated
  • Likelihood to Recommend
    8/10
  • Reviewer Source 
  • Reviewed on 16/6/2020

"ART - good but not intuitive"

Pros: We definitely use a lot less paper as documents are attached electronically which means less paper storage is needed. It is also convenient for our auditors since they can log in and review. For me, this is a faster and easier than before the conversion to ART, but part of it is because our managers seem to expect less support to be attached than I previously printed. In addition, several accounts that I have to reconcile can be grouped together and supported with perhaps one document. That saves a lot of time, not having to access each individual account and attach support.

Cons: I don't find this software to be very intuitive. I've used it each quarter for a few years and every quarter I need to refresh my memory on how it works. It seems like there are too many areas to drill into in order to complete and too many sign-offs. Sometimes there's no change in an account balance yet management wants a current document attached and these can be easily overlooked since they aren't flagged as needing to be reconciled.

  • Reviewer Source 
  • Reviewed on 16/6/2020
Brittani B.
Director of Accounting Operatons
Retail, 1,001-5,000 Employees
Used the Software for: 1+ year
  • Overall Rating
    4/5
  • Ease of Use
    3/5
  • Features & Functionality
    3/5
  • Customer Support
    5/5
  • Value for Money
    5/5
  • Likelihood to Recommend
    9/10
  • Reviewer Source 
  • Reviewed on 20/6/2017

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

Comments: 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.

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.

  • Reviewer Source 
  • Reviewed on 20/6/2017