Sage announced they’ve purchased Lockstep, a company specializing in accounts receivable and accounts payable workflow automation.
Lockstep offers an API which according to their website “lets your application customize storage and processing of your customers’ financial data to meet your unique requirements”
Sage is working on building a digital network to connect various third-parties to Sage. This will likely be one big step toward that goal.
Lockstep makes money through an AR Automation option.
Here’s the fill press release – https://www.sage.com/investors/investor-downloads/press-releases/2022/08/sage-to-acquire-lockstep/