November 8, 2021 Brentwood, TN – LBMC Technology Solutions today announced it has added award-winning AR automation provider, Lockstep, to its robust suite of product offerings. Lockstep offers LBMC Technology Solutions customers access to powerful accounts receivable (AR) automation software integrated into over 40 financial systems.
LBMC Technology Solutions provides a comprehensive solution portfolio to help businesses with their digital transformation journey. We support our clients’ various business needs as well as provide the appropriate training and project management to ensure these benefits are realized rapidly and with the least amount of risk.
“We are excited to partner with Lockstep and offer our clients their Award-Winning AR automation solution. AR Automation is on the forefront of many of our client’s digital transformation journey. Lockstep’s AI, workflow, and built-in automation can dramatically improve our clients’ cash flow which is critical, given the increased economic challenges many companies are faced with during these difficult and uncertain times,” said Kenneth Sims, Vice President at LBMC Technology Solutions.
“Lockstep the world’s first connecting accounting solution enables companies to automate extremely manual collections workflow processes and accept payments online, which helps our clients improve cash flow by 30 percent or more by removing the friction caused by email, portals, and paper between accounts receivable and accounts payable, resulting in increased staff efficiency up to 3X and working capital,” said Melissa Hendrick, EVP, Marketing at Lockstep. “We’re thrilled to be among the suite of offerings from LBMC Technology Solutions, empowering finance departments to eliminate cash traps and leaks in B2B accounting.”
Lockstep helps its customers process more than one million invoices per month across more than 4 million entities. Lockstep integrates over 40 financial solutions into its connected accounting cloud and was recently listed on the Acumatica marketplace. Customers see an average 20x ROI by investing in collections automation improving cash flow by 31% or more.
Award-winning Lockstep connects the world’s finance teams so they can work better together. Founded in 2019, Lockstep eliminates cash traps and leaks created from manual synchronization of books between B2B trading partners. Based in Seattle, Lockstep’s connected accounting cloud empowers trusted, compliant accounting relationships between businesses of all sizes. High-performance companies large and small run their collections with Lockstep. For more information, please visit: https://lockstep.io.