“Our DSOs are down and we have beaten our collections targets for two quarters in a row. I attribute that to ramping up on Lockstep Collect and it’s automation.”
See how accounting departments are succeeding with Lockstep Collect.
$10 million of Series A funding for you
Exciting news: we have raised $10 million in our Series A funding round, led by Point72 Ventures with participation from Clocktower Ventures and Revel Partners. This brings our total funding to $14 million since
Why You’re Getting Paid Late (That Isn’t Entirely AP’s Fault)
If your AR team is not meeting its collection goals, don’t automatically jump to the conclusion that customer AP departments are at fault. It is a popular misconception in AR departments that customer AP
Auditing Requires AP To Make On-Time Payments
The popular belief in AR departments is that customer AP departments don’t want to make payments on-time. There are several reasons why this myth doesn’t hold water. One of the most compelling reasons why
AP Departments Want to Pay You On-Time – Here’s Why
The general belief in accounts receivable is that AP departments don’t want to pay you on-time. There are cases where some customers have cash flow problems and their AP departments try to stretch suppliers.
Eliminating Barriers to Payments by Giving Your Customers the Power of Self-Service
There are barriers that can keep customers from making timely payments and reduce your cash flow. It is important to identify and eliminate these barriers as much as possible so you can reach your
How to Increase Customer & Vendor Satisfaction Using Your Accounts Receivable Team
Customer and vendor satisfaction is more important than ever to your business in the new normal. To satisfy your customer and vendors you have to understand what they need. Their needs have changed, but
Free Up Time During Month End Close in AR
The month-end close can be a major additional burden for your team, especially during the pandemic when you may be understaffed or have staff working remotely. It can keep them from collection activities and
The Ways Self-Service Payment Increase Efficiency
The flexibility and convenience that self-service offers is important to customers. They want to work remotely, and not be tied to office hours. In the new normal, customers want to work when and where
How Offering Self-Service Payments Increases Efficiency
Customers want the flexibility and convenience of self-service. They want to be able to work remotely, and not be tied to your office hours. Customers want to work wherever and whenever it suits their
The Benefits of Giving Customers the Power of Self-Service AR
You and your customers will benefit from the power of self-service AR. Self-service is a natural extension of automating office processes. It helps automate both sides of a transaction with your company. It closes
How Giving Customers The Power of Self-Service AR Benefits You and Your Customers
Customer self-service AR is a logical extension of automating office processes. It helps automate both sides of a transaction. It closes the loop with your customer, and increases efficiency and the accuracy and timeliness of
What Your Vendors Can Do With Self-Service
Vendors are key business partners. Maintaining good vendor relationships at all levels is essential to servicing your customers and controlling costs. One way to maintain good vendor relationships is to make your company easy
How Vendors Can Use Self-Service
Good vendor relationships are essential to servicing your customers and reducing costs. Make your company easy to do business with. Provide a self-service portal to vendors to maintain their accounts and communicate with your
What Customers Can Do With Self-Service AR
Customers want the convenience and flexibility to work remotely, and choose when they work on their account with your company. Self-service AR gives them what they want. A self-serve customer portal gives your customers
