Compare ARPilot and Lockstep (Cforia) for AR automation. Discover key features, benefits, and differences. Click to find the best solution for your business needs!
ARPilot and Lockstep provide innovative solutions for accounts receivable automation, yet they approach the problem from different angles. ARPilot focuses on AI-native automation without changing existing workflows, ensuring a smooth transition and immediate benefits for businesses. With ARPilot, companies can achieve a significant reduction in DSO, often between 20-40% within just 90 days, thanks to its advanced AI-generated outreach capabilities.
Lockstep, on the other hand, positions itself as a connected accounting platform that emphasizes AR and AP collaboration through a B2B finance network. Its features include network connectivity, inbox automation, cash application, and customer portals. However, the effectiveness of Lockstep's network largely depends on adoption rates among trading partners, and it faces challenges such as limited brand recognition and a mixed product portfolio following its acquisition by Cforia.
When it comes to integration, ARPilot stands out by working seamlessly with existing accounting systems like QuickBooks, NetSuite, and Xero. This no-rip-and-replace approach allows businesses to quickly benefit from automation without the need for extensive system overhauls. Lockstep also offers integration capabilities but places a stronger emphasis on network connectivity, which may require broader adoption to realize its full potential.
In terms of automation, ARPilot leverages AI-native technology to automate AR workflows such as reminders and follow-ups. This approach provides a more mature AI solution compared to Lockstep, which is still developing its AI capabilities. While Lockstep offers valuable features like inbox automation and customer portals, its AI functionality may not be as advanced as ARPilot's.
Pricing is another area where ARPilot excels with its transparent per-invoice pricing model, allowing businesses to predict costs accurately. Lockstep’s pricing structure may vary, particularly with its focus on network-based solutions.
ARPilot excels in its AI-native approach, offering a mature and sophisticated solution for automating AR processes. Its ability to integrate with existing systems without requiring changes ensures that businesses can quickly see the benefits without disruption. The transparent per-invoice pricing model further adds to its appeal by providing clear cost expectations. ARPilot's proven ability to reduce DSO by 20-40% within 90 days is a testament to its effectiveness and reliability.
Businesses looking for a seamless, rapid, and effective solution to automate their accounts receivable processes should consider ARPilot. It is particularly suitable for companies that want to integrate automation without altering their current accounting systems. Those who prioritize advanced AI capabilities and transparent pricing will find ARPilot an ideal choice. Additionally, companies aiming for a substantial reduction in DSO with minimal disruption to their workflows will benefit significantly from ARPilot's platform.
What makes ARPilot different from Lockstep?
ARPilot is an AI-native platform focused on automating AR workflows with seamless integration into existing systems like QuickBooks and Xero. It offers a more mature AI solution and a transparent per-invoice pricing model. Lockstep, by contrast, emphasizes network connectivity and collaboration between AR and AP processes.
How quickly can businesses see results with ARPilot?
Most businesses using ARPilot see a reduction in DSO by 20-40% within just 90 days, thanks to its advanced AI-generated outreach and automation features.
Does ARPilot require changes to my existing accounting system?
No, ARPilot integrates with your existing accounting systems such as QuickBooks, NetSuite, and Xero, without requiring any workflow changes. This ensures a smooth transition and immediate benefits.
What type of businesses can benefit the most from ARPilot?
Businesses of all sizes looking to automate their AR processes and reduce DSO quickly can benefit from ARPilot. It is particularly beneficial for companies seeking a seamless integration with their existing accounting systems and those that value advanced AI capabilities.
Is ARPilot's pricing model predictable?
Yes, ARPilot uses a transparent per-invoice pricing model, allowing businesses to predict costs accurately and manage their budgets effectively.
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