Lockstep

Category - Financial Management

Business Need
Automated Connected Accounting, Accounts Receivable, Accounts Payable

Company Description
Lockstep® develops tools and platforms for fintech developers and accounting teams to automate workflows between the accounting systems that are at the heart of businesses. For developers, Lockstep API is the easy, modern platform for building fintech applications that work with their customers’ accounting systems. For accounting teams, Lockstep’s applications automate accounts receivable and accounts payable workflows improving efficiency and cash flow. Lockstep integrates with SYSPRO and helps extend accounting capabilities to aid in the collaboration of accounting teams, creating shared access to invoices and payment platforms, resulting in increased efficiency and connectivity.

Lockstep Receivables integrates with SYSPRO to provide an extensive billing solution.

Benefits:

Automated Communications: Engage your customers across their preferred channels and set automated reminders as invoices become due.
Customer Self-Service: Provide convenient options for customers through built-in escalation management and convenient online payment options.
Activity Management: Automate administrative tasks and reporting to focus your team on top priorities with next best activity and goal management.
Cash Application: Process more payments, reduce unapplied cash, and free-up customer credit lines to keep orders, sales, and cash flowing.
Forecasting & Reporting: Provide key stakeholders with visibility into cash flow and DSO with custom reports and automated distribution.

Lockstep helps to manage and automate accounts receivable and accounts payable workflows all from one place.

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