Lockstep, the connected accounting cloud that speeds cash flow by 30 percent, announced its partnership with Acumatica, and also that Lockstep Collect, its premier product, is now an application in the Acumatica Marketplace. Acumatica is the world’s fastest growing cloud enterprise resource planning (ERP) company, delivering unparalleled value to small and mid-market organizations. This news comes fast on the heels of Lockstep emerging from stealth in late October after acquiring Anytime Collect earlier in 2019.
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Lockstep Collect brings its leading mid-market accounts receivable (AR) automation solution to Acumatica customers to help them improve their collections process and overall cash flow. The Acumatica Marketplace, which provides customers and value added resellers (VARs) with hundreds of third-party independent software vendor (ISV) applications, is designed to add valuable, industry-specific functionality and seamless integration with Acumatica’s cloud-based ERP solution. Lockstep Collect is the first AR solution with automated customer onboarding and contact management which creates verified connections within accounts payable (AP) departments.
“Oddly enough, one of the biggest reasons invoices go past due in the digital era is because the wrong contact information is still on file, meaning they are sent to the wrong email address,” said Matt Shanahan, Chief Strategy Officer and Cofounder at Lockstep. “Lockstep Collect’s profile management verifies customer and contact data during the onboarding process, mitigating the risk of misinformation creating cash traps from bad data down the line.”
The new partnership will allow Lockstep Collect to expand channel partner relationships and grow its footprint in the mid-market. As an application in the Acumatica marketplace, current and prospective customers and partners can leverage the innovations of Lockstep Collect to help meet their financial objectives.
“It is our overall goal to bring customers solutions that help to digitally transform their operations,” said Christian Lindberg, VP of Partner Solutions at Acumatica. “With Lockstep Collect now available as an application in the Acumatica Marketplace, customers can make their cash flow more reliable and predictable.”
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