Lockstep

Lockstep

Centralized receivables, payables management

About

Sage Network offers a conducive environment for professionals keen on contributing to the financial tech sector by optimizing receivables and payables workflows. With a strong focus on workflow automation and centralized management, the company stands out in improving working capital efficiency. This commitment to enhancing financial operations and supporting business growth makes it an ideal workplace for ambitious tech and finance professionals.

Company Stage

Series A

Employees

11-50

Industries

Data & Analytics, Enterprise Software, Fintech

Total Funding

$9.7M

Headquarters

Seattle, Washington

Founded

2023


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Simplify's Take

What believers are saying

  • Lockstep's acquisition by Sage Software can provide resources for further innovation.
  • The addition of payment acceptance enhances Lockstep's B2B connected accounting network.
  • Growing demand for digital accounting solutions aligns with Lockstep's offerings.

What critics are saying

  • Integration challenges with payment systems like Stripe and PayPal could cause customer dissatisfaction.
  • The acquisition by Sage Software may lead to strategic shifts disrupting operations.
  • The competitive landscape in accounts receivable automation is intensifying, pressuring Lockstep to innovate.

What makes Lockstep unique

  • Lockstep transforms emails into trusted connections between accounting systems, reducing manual errors.
  • The company offers a free self-service portal, enhancing customer and vendor experiences.
  • Lockstep's API allows seamless integration with financial software, accelerating time to market.

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Benefits

Well established

Equity

work-life balance

Medical benefits

Growth

Remote environment

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