New York City, New York Aug 30, 2024 (EMWNews.com) – Life Link, a distinguished air medical transport service provider serving Minnesota and Wisconsin for over three decades, has achieved a significant leap in financial operations by integrating SkyStem’s ART into their processes. This move comes in response to the company’s expansion and evolving financial demands.
Donna Carson, who has been with Life Link for nearly ten years, has transitioned from a senior accountant to her current role as Manager of Financial Planning and Analysis. During her tenure, she has witnessed firsthand the challenges and opportunities presented by the company’s growth from three to ten consortium members.
Prior to the adoption of ART, Life Link’s finance team grappled with outdated manual processes using Excel spreadsheets for account reconciliations. As the company’s financial operations expanded, this manual approach led to a protracted four-day closing process, hampering efficiency and accuracy.
In a strategic move to enhance their financial reporting capabilities, Life Link introduced SkyStem’s ART five years ago. ART’s advanced automation features transformed the reconciliation landscape for Life Link, allowing the team to concentrate on critical accounts while ART automated routine reconciliations. This shift has slashed the close process time to just one to one and a half days, depending on account volume.
Donna Carson commended the smooth transition to ART, noting that SkyStem’s support ensured minimal disruption to their daily operations despite the team’s size. The introduction of ART brought significant improvements, including enhanced efficiency, strengthened controls, and simplified audits.
Drawing from her extensive experience, Donna Carson recommends that organizations consider ART and shares more details on why it has become such a crucial part of their process and how to go about assessing your need for it carefully. Listen to Donna’s experience here!
Source :SkyStem
This article was originally published by EMWNews. Read the original article here.
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