Connected Accounting
Resources.
Check out our resources to learn about the benefits of automation and how it can transform your finance department.
Browse our assets below!
Behind the Scenes at Lockstep: Creating Lockstep Self-Service
Through co-innovation with a core group of customers, Lockstep was able to solve for key AR pain points. Earlier this year, Lockstep released our much-anticipated Self-Service tool. Lockstep Self-Service better enables receivables teams to collect
Smart Activity Management to Lower DSO: Part 2
The Three P’s of activity management and your organization’s success. In the first part of this series, we explored the key differences between Business Results, AR Objectives and AR Activities. Activity management is an
Smart Activity Management to Lower DSO: Part 1
Which financial metrics can you manage? As a finance professional, what metrics can you influence? We will explore this key question in our two-part series. While the question may seem like an easy one
Construction Industry Insights: Top Strategies for AR Automation
While a major contributor to the U.S. economy, the construction industry has seen significant shake-ups over the past two years. Here is how AR automation can solve for these challenges. The construction and subcontractor industry are highly fragmented, making it
Battling Key Accounts Receivable Challenges
The key challenges impacting AR teams today due to time-consuming, manual processes. The last 18 months have been challenging for finance departments. Through lockdowns, remote work, staff turnover, increasing late payments and rising Days
Accounts Receivable Innovation for the Transportation and Logistics Industry
Through advanced technology, the transportation and logistics industry can reduce costs, improve efficiencies, and increase collections activities. Over the last two years, the transportation and logistics industry has seen disruption and challenges like few others. The transportation industry is the backbone of our
Wholesale Disruption: Leveraging Automation to Enhance Wholesale Distribution Finance Teams
The wholesale distribution industry plays a key role in making the economy successful. An integral link of the supply chain, between manufacturers and retailers, wholesale distributors were uniquely impacted by the global pandemic and the
Balancing Efficiency and Effectiveness in Your AR Automation Journey
In today’s fast-paced environment, organizations must strive for advanced levels of efficiency. Everyone wants to be efficient, but that is not always the best approach when communicating to customers, especially if a response from your customer is required. Key
What’s DSO and Why It Matters
Days Sales Outstanding (DSO) is a major account receivable (AR) KPI and goal for accounting departments. DSO increased for many companies over the past 18 months and remains a challenge in the economic recovery. Many
Three Ways Accounts Receivable Automation Improves Customer Experience
Losing a customer can result in a hit to your profits and shareholder value. Finding new customers can be difficult and expensive. Companies are increasingly recognizing the importance of customer experience and its impact on
Great Resignation Preparedness: Why Leveraging Email Automation Means AR Success
With the emergence from the pandemic, many employees have questioned their careers and choice of employer; making the decision to change employers and/or career paths, prompting a new phenomenon dubbed the “Great Resignation”. Current estimates
The Impact of Late Payments on Accounts Receivable
Late payments are an all-too-common problem as the economy continues to recover from the pandemic. Many companies are stretching accounts payable and using suppliers as a source of working capital, in turn delaying payments far
Combatting Late Payments with Accounts Receivable Automation
It’s a challenge to stay ahead of the curve on late payments using manual accounts receivable (AR) processes. Manual AR systems tie your team up with low-value tasks, reducing the time available for collections.
Lockstep Engineering Internship Fall 2021
Gain Meaningful Experience through an Engineering Internship with Lockstep In Summer 2021, Lockstep introduced our first internship for software engineers. We were amazed at the response our program received from the academic community, and
