Life Link Financial Operations Enhancement with ART

This case study details the implementation of SkyStem's ART by Life Link, an air medical transport company, to enhance their month-end close process. Life Link faced challenges with manual account reconciliations using Excel spreadsheets, which contributed to a lengthy four-day close process. To improve efficiency and accuracy in financial reporting, they adopted ART approximately five years ago. The automation provided by ART significantly reduced the close process time to one or one and a half days. The implementation was seamless, allowing Life Link to integrate ART into their operations without disruption. The automation features of ART not only saved time but also enhanced financial controls by requiring multiple team members to review reconciliations. Additionally, ART’s capability to automatically reconcile inactive accounts provided reassurance during audits, allowing the team to focus on high-risk accounts. Donna Carson, the Manager of Financial Planning and Analysis, advises potential users to evaluate their chart of accounts by risk level to maximize ART's benefits.