Lockstep Collect is an AR automation solution that keeps your cash flowing in the new normal. Our typical customer reduces their average days delinquent from 24 days down to 10 while working remotely.
Lockstep Collect is cloud-based accounts receivable automation that makes collect cash easy whether in the office or remotely. Through a combination of automated customer communication, customer self-service portal, and collections activity management, Lockstep Collect accelerates your collections and lowers your DSO. Powered by a configurable rules engine, Lockstep Collect nudges customers with email at just the right time and assigns the next best activity for each member of the AR team if there is an issue. Robust reporting and cash forecasting gives visibility to both cash flow and team performance.
100% Cloud: Obtain the tools to manage collections activities of a remote team successfully & seamlessly from anywhere.
Automated Customer Communication: Deliver personalized, timely communication to every customer based on the status of their invoices.
Customer Self-service: Give customer online access to invoices, payments, and communications to save time for everyone.
Collections Activity Management: Focus your team on the next best activity and give them 360-degree view of customers to complete activities faster.
Forecasting and Reporting: Keep stakeholders informed in real-time with accurate projections of cash receipts
Best Practices Library: We’re experts in taking companies live and optimizing cash flow and our solution contains a whole series of best practice templates to take you live quickly.
Lockstep connects the world's accounts receivable (AR) and accounts payable (AP) departments to help them work better together. Founded in 2019, Lockstep eliminates cash traps and leaks to improved cash flow 30% or more. Lockstep replaces personal inboxes with a shared accounting inbox and provides both vendor and customer self-service portals to digitally transform cash flow management. Based in Seattle, Lockstep's connected accounting cloud creates trusted, compliant accounting relationships between businesses of all sizes.
Your insights are valuable, be the first to rate this solution.