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"Ichor Month-End Automation Case Study"

Ichor’s global accounting team relies on ART to intelligently manage the month-end close and reconciliation process

Ichor offers world-class process engineering, manufacturing, materials management, and testing capabilities and is an experienced leader in the critical subsystems and turnkey process equipment marketplace. It’s capabilities enable the design and creation of complete outsourced solutions ranging from product concept to turnkey manufacturing to legacy service.

Ichor’s accounting team has a multi-national footprint, including resources in California, Oregon, Texas, New York, Singapore, Malaysia, and Scotland. The coordination and execution of the close and reconciliation process was completed manually each month at these various locations, resulting in:

• Heavy spreadsheet usage
• Poor management visibility into status of the close and reconciliations
• Uncoordinated preparation and review of reconciliations and closing activities
• Challenging offline review process
• Disparate document storage, making proper oversight difficult for the management team 
• Cumbersome retrieval process of prior period information to provide to auditors
• Overburdened email inboxes

Read on to find out how ART by SkyStem helped Ichor streamline their month-end close.

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