“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.
Why Every Customer Payment Portal Should Offer Magic Link Authentication
Password protection is essential to maintaining the security of your accounts, but it comes at a price and can be broken. Maintaining passwords and logins is growing more challenging as hackers increase their sophistication. This
The Benefits to Accounts Receivable When Using a Customer Payment Portal
Are you still manually processing customer payments? If your answer is yes, then you are missing out on one of the best accounts receivable automation projects available. A customer payment portal can be integrated with
5 Examples of Automation Every AR Team Should Be Using
AR automation can increase your collections, reduce costs and provide your AR team with a more fulfilling work environment. The best AR automation features provide your customers with self-service options so they can pay their
5 Customer Behaviors Your AR Team Should Be A/B Testing
You can achieve your collection KPIs, if you understand how your AR team engages your customers influences their behavior. Carefully crafted collection procedures based on data driven analysis of customer behavior will increase your collections
How to A/B Test in the Accounts Receivable Department for Data-Driven Collections
Is your AR team achieving collection goals? If it isn’t, it could be that the collection techniques they are using are not effective in influencing customer behavior. If you want to increase collections, you
A Brief Guide to Simplifying Accounts Receivable in Industrial Distribution
If you want to simplify accounts receivable in industrial distribution, you should automate the process as much as your inventory, order fulfillment and distribution processes. You can automate accounts receivable to increase efficiency, accelerate
3 Alternatives to Invoice Factoring That Will Save You Money
Quickly converting accounts receivable to cash is always a challenge for any company. It is also a necessity for young, rapidly growing companies that are short of capital and have not established a solid
The True Cost of Invoice Factoring
If you need to accelerate cash receipts from accounts receivable to pay suppliers or keep your company operating, one alternative to consider may be invoice factoring. When you use invoice factoring, you sell your
The Basics of Invoice Factoring
Invoice Factoring is a commonly used method of accelerating cash receipts from accounts receivable in some industries. It has traditionally been used by suppliers to retailers and other B2B seasonal industries, who need to
The ROI of Using Invoice Automation
Investing in invoice automation is as close as can you get to a sure thing in business. The ROI of using invoice automation is high because the returns are large and the investment can be
Invoicing Is Costing You More Than You Think
Are you still processing customer invoices manually? Are your people still creating paper invoices from scratch each time you bill a customer? Are your people still folding invoices, stuffing envelopes, affixing postage stamps and
Get Your Business In Order Post Merger
Once a merger has been closed you need to get your business in order. Don’t let too much time go by before you look at how the combined companies are operating. Even if you were
The Role of the CFO in M&A
The role of the CFO in M&A has expanded significantly. In the past CFOs played a more passive role -obtaining financing, keeping score and reporting to stakeholders. Today CFOs are key members of the C-suite
How to Organize and Prioritize Your Accounts Receivable Department
For most accounts receivable professionals, being “productive” in their day-to-day means they had the chance to make a few calls and send a few emails. Usually this is as much as can be fit into
