AR automation integrated with the Acumatica ERP platform will reduce DSOs, accelerate cash inflows and increase efficiency. Evaluating AR automation for the Acumatica ERP is the first step in the integration process. To properly evaluate
Lockstep, an Acumatica partner, can provide a seamless integrated AR digital solution for the Acumatica ERP platform. An AR digital solution from Lockstep can reduce ADD from 24 days to 10 days working remotely. Lockstep’s
Retaining customers is a lot less costly than replacing them. You can retain customers with an experience that builds a positive image of your company and brand. In many cases, however, customer service is
COVID-19 drastically changed work. Businesses had to close offices and their employees to adjust to remote work. To reach customers you needed email and digital AR solutions. Customers need to communicate, and access and
Keeping customers is easier and less expensive than replacing them. Companies need to focus on the total customer experience to ensure strong customer relationships. The customer experience includes: Onboarding – Setting up customers in
Customers with a Days Payable Outstanding (DPO) policy may delay payments even if they are past due. Customers adopt these policies to conserve cash and reduce interest expense. It doesn’t matter what your payment terms
Learn from your peers about AR automation. Join us March 18th for our Connected Accounting Panel Series where we invite experts from the industry to talk about their automation journey.On this episode Matthew Long, Manager
At Lockstep, we are constantly monitoring the use of Outlook and Gmail in accounting departments. Why? The use of Outlook/Gmail is the clearest measure of missing automation. Neither email application is integrated into an accounting
Late payment due to cash flow problems caused by COVID-19 have increased. The economy is recovering, but it will take time to return to pre-pandemic levels. You will have to find ways to resolve customer
Payments are delayed unnecessarily if you only accept payment by check. Checks can delay payments for weeks, increase costs and reduce cash flow. Checks cause delays throughout the payment transaction: Issuing checks – Many
Disputes are frequently the reason for delayed payments. They are the hidden problem that you don’t know about until AP pays late and takes an unauthorized deduction or chargeback, or won’t pay until a dispute
AP departments want to pay on time to avoid problems with auditing, relationships and cash forecasting, but simple approval issues can slow payments. Here are three examples of mundane AP approval issues which can slow
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