“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.
Credit Risk Management Guide
Are you ready to learn more about credit management? This guide will teach you the basics of credit management and how you can make better,faster decisions about extending credit to customers with modern tactics
HOW TO ELIMINATE INVOICE DISPUTES
If you extend credit terms to business customers you’ll inevitably end up with plenty of reasons why customers can’t or won’t pay you on time. This paper is designed to help you eliminate the
Most Popular Software for A/R Management Among SMBs
Are you struggling with managing accounts receivable and cash flow? This report outlines the parameters of our survey, analyzes the results, and provides an in-depth explanation of our findings and what they mean for
HOW TO CREATE THE PERFECT INVOICE TEMPLATE
Leaving out important information on an invoice or including the wrong information on the invoice is a sure fire way to not get paid on time. The way your invoice looks has a huge impact
RECEIVABLES DOCUMENT MANAGEMENT
INTRODUCTION For years, businesses have stored paper files in filing cabinets where these important documents would seem to almost vanish into thin air. In fact, studies show that 1 in every 20 documents goes missing
Credit Manager
What is a Credit Manager? A credit manager plays a vital role in a business’ accounting and accounts receivable department. If a business works on credit terms with other businesses, the credit manager is the
HOW TO DEVELOP KILLER ACCOUNTS RECEIVABLE (AR) EMAIL TEMPLATES, COLLECTION LETTERS AND CALL SCRIPTS
Developing Killer AR Email Templates, Collection Letters, and Scripts: Introduction Managing your accounts receivable is overwhelming for many businesses, but it can be very easy if you have the right tools to help you
RESOLVING INVOICE DISPUTES: The Dos and the Don’ts
It takes a long time to convert a prospect to a customer, so you don’t want to mess it up when an invoice is disputed. Even your best customers and those you’ve built a mutually
THE INVOICE DISPUTE CALL GUIDE
Invoice disputes are not fun to deal with. In most cases we simply cross our fingers that they don’t occur, but that is not always the best defense. In case an invoice dispute does
HOW TO STAFF AN EFFECTIVE ACCOUNTS RECEIVABLE TEAM
INTRODUCTION As the publishers of Lockstep Collect credit and collections management software, we work with a variety of companies. We have experience with small companies at around one million dollars in revenue who are
Understanding Electronic Invoice Presentment & Payment
Electronic Invoice Presentment & Payment Introduction Whenever you use a credit card, pay with a check or use ACH, it seems pretty simple. The transaction goes through and the money is
HOW TO DEVELOP A CREDIT POLICY PLAN
The Credit Research Foundation estimates that only 20% of credit departments have formalized policies. Many companies struggle to formalize policies due to ad-hoc credit management from salespeople, lack of critical financial information, or simply
17 STRATEGIES FOR REDUCING OUTSTANDING ACCOUNTS RECEIVABLE
Want something better than excel? Try Lockstep Inbox, our free AR application that will show you real time aging and other AR KPIs in minutes (yes, it’s free). SHOW ME MY AGING INTRODUCTION Despite recent
MEDICAL
Collecting from customers in the medical and healthcare industry isn’t simple. Due to many laws that are in place, whatever system you use for collections needs to be extremely secure. Trying to reach out to
