Clarkston, WA, USA –August 10, 2021–VelocIT Business Solutions, a custom software development firm specializing in advanced payment solutions, point of sale, and ERP software customization, announced today that SWK Technologies, Inc., a national provider of business management technology solutions and services, has added Lockstep Receivables, the world’s first connected accounting cloud, and VelocIT Business Solutions to its robust suite of product offerings. Lockstep’s flagship product, Lockstep Receivables, offers SWK customers access to accounts receivable (AR) automation software integrated with ERP, and is the only AR automation solution offered by SWK Technologies.
VelocIT is the current payment processor of record for SWK Technologies, and one of the platform’s most sought-after integrations. Now SWK customers, through VelocIT’s Lockstep integration, will have access to Lockstep Receivables to automate the collections process and collect cash faster. Lockstep Receivables will be available to all SWK customers effective immediately.
“VelocIT’s diverse array of customers require payment solutions that can grow and evolve with their business,” said Jeremy Burt, CEO of VelocIT Business Solutions. “With this Lockstep integration, VelocIT is now able to support all order-to-cash, as well as all eCommerce requirements for SWK customers.”
“It’s been a long standing goal to simplify the adoption of online payments for SWK customers,” said Carla Brown, SWK Vice President of Partners and Alliances. “The integration of VelocIT and Lockstep eases the acquisition and implementation process for companies using SWK. We’re thrilled to be able to offer a more comprehensive payment solution for all current and future customers.”
“Lockstep enables companies to automate the collections process and accept payments online, which increases staff efficiency up to 3X and working capital by hundreds of thousands, to even millions of dollars,” said Matt Shanahan, cofounder and Chief Strategy Officer at Lockstep. “Our integration with VelocIT for SWK customers empowers finance departments to friction in B2B payments.”
Lockstep helps its customers process more than one million invoices per month across more than 4 million entities. Lockstep integrates over 40 ERP and accounting solutions into its connected accounting cloud and was recently listed on the Acumatica marketplace. Lockstep recently announced an $11.5M Series A, and the hires of an EVP of Marketing, VP of Customer Success and VP of Finance. For more information on Lockstep, please visit https://lockstep.io.
About VelocIT
VelocIT Business Solutions is a custom software development firm specializing in advanced payment solutions, point of sale, and ERP software customization. As an Acumatica certified application developer and integration developer, we will design, build, and customize your next Acumatica project. With the latest P2PE certified payment devices and our advanced hosted tokenization, we can integrate all payment methods within your software or the native ERP platform. VelocIT is your one stop for Acumatica enhancements, payment solutions, and custom projects.To learn more, visit www.govelocit.com.
About Lockstep
Lockstep connects the world’s accounts receivable (AR) and accounts payable (AP) departments so they can work better together. Founded in 2019, Lockstep automates the sharing of accounting data between B2B trading partners to keep their books in sync and accelerate payments. Based in Seattle, Lockstep’s connected accounting cloud improves cash flow and accounting efficiency.
For more information, please visit https://lockstep.io.
About SWK Technologies, Inc.
SWK Technologies, Inc. delights its customers and partners by providing solutions and expertise that transform their businesses and enable success. SWK’s Strategic Technology Advisory Team (STAT) provides business management consulting services that help maximize value derived from technology investments. SWK Managed Cloud Services, the cloud hosting and managed services division of SWK Technologies, is an award-winning IT solution provider and network defense resource. SWK’s parent company, SilverSun Technologies, Inc., is publicly traded (NASDAQ: SSNT).
