Acumatica and Lockstep Partner for Cash Flow Automation

Lockstep, the connected accounting cloud that speeds cash flow by 30 percent, today announced its partnership with Acumatica, and also that its premier product, Lockstep Collect, is now a certified 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.

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.”