Credit unions often face a manual, error-prone month-end close process that relies heavily on spreadsheets and lacks visibility. Common challenges include tracking tasks, resolving discrepancies, and meeting compliance deadlines with limited resources. Regulatory demands for strong internal controls make accuracy and audit readiness essential. To improve, organizations should standardize workflows and automate repetitive tasks. Technology—especially cloud-based solutions—can transform the close by enhancing speed, accuracy, and transparency. SkyStem’s ART platform replaces manual processes with automation, strengthens internal controls, and supports compliance. ART doesn’t just automate the close—it empowers finance teams to focus on strategic priorities.
