“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.
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
Dealing With Multiple Business Systems Post Acquisition – What To Do Next?
In a perfect world, the time available before an acquisition is closed is sufficient to fully assess the business processes, personnel, information systems and myriad of issues which need to be considered to develop a
How to Have A Smooth Month-End Close After An Acquisition
An acquisition can pose a significant challenge to a month-end close schedule. After an acquisition is closed, there is usually a lot of pressure to see what the results look like. Management, investors, creditors and
Your Dispute-Management Policies Matter – Indisputably
We’re all human. We strive for perfection. We try to minimize conflict. And inevitably we sometimes fall short. (And by the way, for any readers that are not human, we’ll spare you the embarrassing CAPTCHA
One Easy Way to Consolidate Data Post Acquisition
Companies that have acquired a number of businesses can end up with multiple disparate business systems and databases. This situation can be quite a challenge for managers, with corporate-wide responsibilities, to get their arms around.
How to Prepare in the Accounts Receivable Department for a Merger
Accounts receivable are a major consideration in many mergers. The issues that need to be considered go far beyond the valuation of accounts receivable, amounts past due, and estimates of collectability. During the due diligence
The Most Common Pain Points for CFOs In A Merger and Acquisition
The most difficult part of mergers and acquisitions (“M&A”) begins after the documents have been signed. The success of M&A depends on how quickly and effectively business systems, employees, company cultures and key business processes
5 Reasons You Should Consider Text Message Automation in Your Collection Process
The use of Short Message Service (“SMS”) or text messaging is ubiquitous in our society. Text messaging is used extensively for personal communication, and has become a major factor in business communication as well. The
Why Texting is the Newest – and Best – Way to Collect Your Accounts Receivable
The people you see walking around with their eyes glued to a smart phone are most likely not speaking with someone or reading an email. Odds are they are reading and responding to a Short
One Easy Way to Modernize Sage 500 ERP
Are the limitations of your company’s Sage 500 ERP platform making it difficult to achieve your accounts receivable and collections goals? Sage 500 ERP has not been upgraded to run in a cloud-based environment or
Take Sage 500 Into The Cloud
The Sage 500 ERP software platform was first released in the late 1990’s. It has many loyal, satisfied users. However, like any software application package that is about 20 years old, changes in technology
Utilizing Business Intelligence for Predictable Accounts Receivable
When you consider how you are doing managing accounts receivable and credit, do you feel like no matter how fast you run you never seem to catch up? That sense of feeling you are always
Understanding How Recurring Payments Work for Technology Companies
Subscriptions programs with recurring payments are ubiquitous in e-commerce for both B2B transactions and direct to consumers. The simple business concept of using subscriptions to bill customers periodically for providing goods or services on an
Utilizing SaaS Software for Accounts Receivable in the Modern Tech Company
The rapid growth of the “gig” economy, with freelancers working on contract from remote locations, has been made possible by cloud-based, software-as-a-service applications (“SaaS”). Freelance contractors can work from virtually anywhere, where they can access
