Overview
Lockstep provides cloud-native software that automates accounting workflows between companies. It focuses on automating accounts receivable (AR) and accounts payable (AP) processes and syncing financial data across B2B trading partners. The platform connects with more than 40 accounting and ERP systems to form a network of over 26,000 businesses, and offers an API that lets third-party developers build connected fintech applications. The goal is to replace manual, siloed processes with automated, end-to-end workflows that improve cash flow for SMBs and streamline collaboration among accounting teams. Unlike others, Lockstep emphasizes a networked approach—linking multiple financial systems and partners—supported by a scalable API and a growing partner ecosystem, which led to its acquisition by The Sage Group to expand the Sage Network and broader connected accounting vision.
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Simplify's take
What believers are saying
- Sage Intacct updated Lockstep pages on October 26, 2026, signaling active distribution.
- Sage Network API documentation was refreshed January 17, 2026, showing ongoing platform investment.
- Marketplace positioning targets SMBs needing faster cash collection and fewer manual close tasks.
What critics are saying
- Instatus reported a partial Lockstep outage on November 5, 2026.
- Sage can absorb Lockstep into Sage Network, erasing a standalone product identity.
- Competitors like Bill.com and Tipalti already own finance automation budgets and user habits.
What makes Lockstep unique
- Sage Network embeds Lockstep inside Sage’s accounting distribution and trust network.
- Lockstep’s AR and AP automation spans 40 accounting integrations and developer APIs.
- Its connected-accounting workflow replaces emailed PDFs and spreadsheets with system-to-system reconciliation.
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