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Location Head Office

1115 Broadway, Suite 1120,
New York
NY 10010

Telephone

646-833-3177

Contact

Nancy Wu
[email protected]

Tagline

Crystal Clear Close

Mission Statement

SkyStem strives to bring soul to software by providing intelligent and intuitive solutions that eliminate redundant work, and provide our customers the opportunity to focus on more dynamic and fulfilling work. We emphasize the human touch, so that customers get the best of both worlds – cutting edge technology paired with fanatical customer service.

Shagun Malhotra started SkyStem to find solutions to problems she had personally encountered in the corporate world and has worked tireless for well over a decade to help mid-sized companies transform the month-end close process.

Profile

SkyStem’s flagship solution, ART, is an enterprise technology that helps CFOs and Controllers shorten the month-end close and time to issue financials by automating balance sheet reconciliations, managing month-end tasks, performing flux and variance analysis, and providing insightful reporting. ART’s key benefits include close, reconciliation and flux automation, real-time reporting, instant access to documents and fast implementation.

Benefits

ART is an affordable month-end close automation platform, quality-focused & can be set up in 3-4 weeks. ART provides efficient ways to perform the month-end close but is also the most focused on the quality aspect of the work with unique features that set us apart. Our customers tell us that we are often the most customer-focused vendor among all software companies they work with. The level of attention we pay to our customers is another distinguish factor that distinguishes us in the industry.

History

Auditors of financial services giant discovered the balance sheet was off by $4B dollars. General ledger accounts were not reconciled regularly, at all, or carelessly. Important supporting documents were scattered among emails, shared drives & personal desktops. The accounting process was unnecessarily complex, labor intensive & driven by volumes of spreadsheets. Rebuilding the disjointed process consumed millions of consulting dollars. Through this experience Shagun founded SkyStem’s ART (SaaS)

Focus

ART aims to meet four principal criteria: robust features, easy usability, faster implementation time, and, above all, being affordably priced.

Goals

Accounting is filled with so many micro processes & tasks, there has always been limited focus on the small things that make the accounting world tick. We’d like to continue to build & refine our current product to mirror our customers’ needs. As we continue to acquire customers, we’re always amazed & grateful for how many great ideas are delivered to us by them. Continuing to inject intelligence into our offering will enable our customers to do more with less and we want that to be a constant.

People

Shagun Malhotra – CEO and Founder
Nancy Wu – Head of Sales and Support
Jennifer Stein – Product Manager
Mabel Espinal – Senior Marketing Specialist

Ally Mason – Marketing Specialist

Key Customers

Aquarion Water, Atkins NA Inc., Bryn Mawr Trust Company, Carver Bancorp, Consolidated Communications, Continuum of Care, Cvent, Dine Brands, DuPage Credit Union, EdKey Inc, Euronet WW, First Federal Savings & Loans, Guaranteed Trust Life, Heartland Bank, Heritage Financial Credit Union, Ichor Systems, Kemba Credit Union, Landmark National Bank, Lisle Savings Bank, Machias Savings Bank, Merrick Bank, MultiCare, Newport, Nxstage Medical, Pinnacle Financial Partners, Stock Yards Bank & Trust