Case Study

Stock Yards Bank & Trust Uses ART To Automate Month-End Reconciliation Process

Stock Yards Bank & Trust Uses ART To Automate Month-End Reconciliation Process

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Case Study: Stock Yards Bank & Trust Stock Yards Uses ART To Automate Month-End Reconciliation Process Stock Yards Bank & Trust (NASDAQ: SYBT) was founded in 1904. It has evolved from a small bank serving the Louisville livestock industry to a nationally recognized bank with assets totaling $2.4 billion. It has offices in the Louisville, Indianapolis, and Cincinnati market service areas. The Bank had grown organically and completed a small acquisition in 2013. As it increased in size and operational complexity, the Accounting Team found itself spending more and more time in the weeds of things when it came to reconciling balance sheet accounts each month – making sure reconciliations were signed off, tracking down supporting documentation and sign-offs, searching for invoices

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