Sage announced they’ve purchased Lockstep, a company specializing in accounts receivable and accounts payable workflow automation.
According to the Lockstep website one offering – Lockstep Inbox – is presently free and allows for better management of AR and AP through email.
One email address that can be used and searched by multiple people. As opposed to a personal inbox, where customer and vendor correspondence becomes siloed, meaning you cannot work together as a team.
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/
