“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.
Credit Rules You Should Be Automating
Automating credit rules is just as important as automating collection rules. It will save time that can be spent contacting customers, and improve the credit quality of your accounts receivable. Credit quality has a direct
Key Rules for Automation of the Credit and Collections Process
Automation of the collections and credit process is defined by the rules you set. The rules should be based on experience with your customers and best practices. Rules can always be changed. If a rule
The Underlying Conditions of a Manual Collections Process
It’s important to measure the effectiveness of your collections process to identify areas that need improvement. If you have a manual collections process, you need to compare the effectiveness of your manual collections with
Understanding the Fundamentals of Manual Collections
If you have manual collections, you need to evaluate your collections with the results that can be achieved with automated collections. It is important to understand the fundamentals of your manual process compared with automated
The Most Important Times to Use Data Management Best Practices in Accounting
Using data management best practices helps to ensure that your customer and vendor master data is correct and up to date. Clean master data reduces errors, disputes and unauthorized deductions. Here are the most
The 4 Most Important Times for Accounting to Use Data Management Best Practices
Using data management best practices helps to ensure that your customer master data is clean and current. Valid and up-to-date master data increases productivity and cash flow by reducing errors, disputes, unauthorized deductions and chargebacks.
Detecting Data Management Issues in the Accounting Department
With correct and current master data for customer and vendor contacts, you can use the power of digital technology to increase productivity in your accounting department, go paperless and automate business processes. Validating master
Magic Links are the Answer to Accounting Customer and Vendor Data Issues
Profile Management is essential to maintain correct and up-to-date master data on your customers and vendors. Without it your company will experience more errors, disputes, unauthorized deductions and chargebacks. Profile Management is an ongoing process.
Magic Links: The Solution to Accounting Master Data Issues
Clean and current customer and vendor master data is essential for efficient accounting operations. Without it your company will experience more errors, disputes and unauthorized deductions. Maintaining master data is an ongoing need. It
What Modern Data Management in Accounting Looks Like
Modern data management is based on digital technology, which allows your accounting department to go paperless, and automate business processes and communications with your customers and vendors. It also makes it possible for your customers
Modern Data Management Solutions in Accounting
Modern data management is based on digital techniques, which make it possible for your accounting department to go paperless, and automate business processes and communications with your customers and vendors. Modern data management also
Email: The Key Data You Need for Accounting
It’s hard to imagine a world without email. It has become a part of everyday life for billions of people around the globe. Email is also widely used by businesses and organizations. It has
Why Email is the Single Most Important Data You Can Have for Accounting
It’s hard to imagine a world without email. Email was invented in the 1960’s for use by academia and government. Usage broadened and exploded in the 1980’s with the development of the internet. Since then,
How to Get Rid of Paper in Accounting
An office cramped with filing cabinets and buried in paper is inefficient and can hinder collections and cash flow. Here are just a few problems with paper: Paper is expensive and a wasteful. It