“Our DSOs are down and we have beaten our collections targets for two quarters in a row. I attribute that to ramping up on Lockstep Collect and it’s automation.”
See how accounting departments are succeeding with Lockstep Collect.
Sage Network June 2023 Update
The latest product enhancements to the Sage Network will revolutionize the way you manage your accounting tasks, and we can't wait for you to try out these latest product enhancements! In this post,
Your Guide to Credit Risk Management in 2023
For B2B businesses, credit management is essential for accounts receivable (AR) management success. Proper, healthy credit management allows for steady cash flow, better collections management and a manageable days sales outstanding (DSO). As
What is e-invoicing?
What is e-invoicing? E-Invoicing, also known as electronic invoicing or e-invoicing, is the process of exchanging business documents in an electronic format. Using this secure digital medium to send and receive invoices, purchase
What is Straight-through Processing and the impact on accounting teams in 2023
The term "straight-through processing" (STP) is thrown around a lot in the business world, but what does it actually mean? STP is an automated process that happens entirely electronically, with no need for
The Benefits of a Self-Service Portal for Accounting Teams
In the fast-paced world of accounting, efficiency is key. With the increasing demand for quicker and more accurate financial management, many accounting teams are adopting self-service portals. A self-service portal is an online
Turning On Spell Check with Your Browser
When it comes to sending professional emails, it's essential to have flawless spelling and grammar. Sending an email full of spelling errors can give a negative impression of you and your company. Fortunately, most
Sage Network Updates: Enhanced User Interface, Connections, and More
Lockstep is now Sage Network! As you explore Inbox and Portal, you will notice a name change throughout the app. We’re excited to share the latest Sage Network features with you! Among the
DSO is more important than DPO
The age-old question - DSO vs DPO. Businesses today have a strong tendency to favor Days Payable Outstanding (DPO) over their Days Sales Outstanding (DSO). While having a low DPO has many
Credit Risk Management: What You Need to Know
Credit risk management (CRM) is a process that is designed to help businesses identify and assess potential credit risks, as well as methods for mitigating or reducing those risks. This practice is
Inbox Enhances AR and AP Workflows
With a focus on matching accounting team workflows and expectations, we've made several enhancements to the way Inbox manages AR and AP Workflows. Among these are the inclusion of credit memos and third-party
What is an accounting workflow?
As an accountant, you understand the importance of staying organized and efficient all year round. But what about your workflows? With such important day-to-day tasks to manage, a streamlined accounting workflow
Leveraging Automation for Credit Scoring
In today's economy, it is essential to be able to allocate credit where it is needed most. This means that businesses need to have accurate and up-to-date information about their customers' creditworthiness.
Lockstep Inbox Updates and Improved Navigation
Dedicated to creating an enhanced user experience, combined with our desire to create easier workflows for accounting teams, we've made several enhancements to Lockstep Inbox in recent weeks. In addition to enhanced performance
Lockstep Accelerates Payments through its Free, Self-Service Portal
Companies can now accept payments via Stripe and PayPal through a secure self-service link. Seattle, WA - (April 20, 2023) - Lockstep, the connected accounting network, today announced that Lockstep Self-Service now allows