Lockstep Accelerates Payments through its Free, Self-Service Portal

Lockstep, a connected accounting network, has announced that Lockstep Self-Service now allows companies to accept payments online from their customers using Stripe or PayPal or the merchant processor of their choice. Combined with Lockstep Inbox, Lockstep Self-Service – the latest application in the Lockstep Suite – is a free solution that allows users’ companies to manage their AR and AP workflows in one place.

“A major pain point for B2B companies is the lack of a cost-effective, automated e-commerce solution to accelerate payments,” said Matt Shanahan, Cofounder and VP of Strategy. “By activating payments in Lockstep Self-Service, we are furthering our vision of connected accounting by helping companies automate the collections and cash application while improving the customer experience. Companies using Lockstep Self-Service get paid faster with less effort.”

Companies can give customers online access by sending an email containing a Lockstep Self-Service magic link. Once customers use the magic link, they can see their statement, individual invoices, past history, and now make payments. There are clear and simple options to pay multiple invoices or partial amounts. Once paid, the payment information is tracked and applied against the open balances of the invoices to automate the recording of payments.