Lockstep, a leader in connected accounting, has been named a winner of the "2022 BIG Innovation Award" by the Business Intelligence Group.
The annual business awards program recognizes organizations for bringing new ideas to life in innovative ways. In addition, Lockstep was named winner of the "TITAN Platinum" award for "Startup IT Company of the Year" this past June, was a finalist for the "SaaS Awards" and "Finovate Awards." It also is a finalist for the "Cloud Awards, which will announce its winners in February.
Alongside with these accolades, Lockstep started the year with a Series A funding round led by Point 72, with participation from Clocktower Ventures, Revel Partners and Avid Ventures. It also secured a strategic investment by AMEX Ventures, bringing the company’s total funding to $17 million.
The award-winning automation provider also dramatically grew its partner channel and client base, with eight product releases over last year, including new customer self-service, paperless billing signup and Salesforce integration, among others. It remains on its mission to automate accounting workflows between companies.
In December 2021 alone, Lockstep processed $3.2 billion in invoices. It was acknowledged by Gartner in the “Market Guide for Integrated Invoice-to-Cash Applications,” and was named a Major Player in the IDC “MarketScape: Worldwide SaaS and Cloud-Enabled Accounts Receivable Automation Applications for Mid-market 2020-2021 Vendor Assessment.”
After starting 2021 with 28 employees, the Seattle-based company closed out the year by tripling its headcount with more than 110 full-time global employees to date. This growth included bringing on board an Executive Vice President (EVP) of customer success and an EVP of marketing.
And if that was not enough, CEO and co-founder Peter Horadan recently was listed as a "Best CEO of the Year" by The Silicon Review.
Horadan says the company plans to double down on its mission of connecting the world’s accounting teams in 2022. “Accounting teams of all sizes have suffered for far too long with inadequate tools. I’m thrilled with our products of building a better way for accounting teams everywhere to do the work they do every day.”
An Inside Look at Lockstep
Award-winning Lockstep® connects the world’s accounting teams to help them work better together. The pioneer in Connected Accounting, Lockstep develops tools and platforms for fintech developers and accounting teams to automate workflows between the accounting systems at the heart of all businesses.
For developers, Lockstep API is the easy, modern platform for building fintech applications that work with their customers’ accounting systems. For accounting teams, Lockstep’s applications automate accounts receivable and accounts payable workflows improving efficiency and cash flow.
Based in Seattle, the company has won numerous awards,including the "2022 BIG Innovation Award" and the "2021 Top Cash Management Solution" by CFO Outlook.
For more information, visit www.lockstep.io.
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