Compare Lockstep and Versapay 
At a Glance
Market Segments
Mid-Market (66.7% of reviews)
Mid-Market (68.1% of reviews)
Entry-Level Pricing
No pricing available
No pricing available
Lockstep
Star Rating
(36)4.3 out of 5
Market Segments
Mid-Market (66.7% of reviews)
Entry-Level Pricing
No pricing available
Learn more about LockstepVersapay
Star Rating
(71)4.2 out of 5
Market Segments
Mid-Market (68.1% of reviews)
Entry-Level Pricing
No pricing available
Learn more about VersapaySummary
AI Generated Summary
AI-generated. Powered by real user reviews.
- Users report that Lockstep excels in "Late Payments" with a perfect score of 10.0, indicating that it provides exceptional tools for managing overdue accounts, while Versapay scores 8.6 in the same category, suggesting it may not be as robust in this area.
- Reviewers mention that Lockstep's "Cash Application" feature stands out with a score of 9.0, highlighting its efficiency in automating cash application processes, whereas Versapay's performance in this area is not as strong, reflecting a score of 8.2.
- G2 users indicate that Versapay offers superior "Ease of Setup" with a score of 8.3 compared to Lockstep's 6.1, suggesting that users find Versapay more user-friendly and quicker to implement.
- Users on G2 report that Lockstep has a higher "Quality of Support" rating at 8.7, which reviewers say translates to more responsive and helpful customer service, while Versapay's support is rated lower at 7.6.
- Reviewers mention that Lockstep's "Credit Limit Suspension" feature is rated at 6.7, indicating potential limitations in managing credit risks, while Versapay does not have a comparable score, suggesting it may not offer this feature effectively.
- Users say that Versapay shines in "Mobile Payments" with a score of 6.7, indicating a focus on mobile-friendly payment solutions, while Lockstep does not provide a comparable feature, which may limit its appeal for users seeking mobile capabilities.
Pricing
Entry-Level Pricing
Lockstep
No pricing availableVersapay
No pricing availableFree Trial
Lockstep
No trial information availableVersapay
No trial information availableRatings
Meets Requirements
8.1
30
8.2
55
Ease of Use
7.4
30
8.4
55
Ease of Setup
6.1
21
8.3
42
Ease of Admin
7.3
21
8.4
40
Quality of Support
8.7
31
7.6
51
Has the product been a good partner in doing business?
8.3
21
8.2
38
Product Direction (% positive)
8.5
31
7.8
53
Features by Category
Customer Credit
Not enough data
7.5
21
Not enough data
7.9
18
Not enough data
7.1
17
Not enough data
6.9
14
Not enough data
6.7
15
Invoice Matching
8.3
5
7.7
28
7.7
5
8.2
28
7.7
5
7.8
26
Not enough data
9.0
25
Collections
10.0
8
8.6
29
10.0
6
8.4
29
8.8
7
8.4
27
8.9
6
7.9
29
Analytics
8.3
7
7.6
26
Not enough data
7.3
20
9.2
8
7.7
27
Not enough data
8.1
13
Not enough data
7.6
13
Not enough data
7.4
13
Self Service
7.6
7
8.6
27
9.2
6
8.7
25
Payment Processing
Not enough data
9.1
29
Not enough data
8.5
29
Not enough data
Feature Not Available
Not enough data
7.1
21
Administration
Not enough data
7.0
27
Not enough data
6.8
24
Not enough data
7.2
27
Not enough data
Feature Not Available
Not enough data
7.5
23
Not enough data
8.1
25
Not enough data
7.8
22
Payment Options
Not enough data
6.2
21
Not enough data
8.7
26
Security
Not enough data
Feature Not Available
Platform
Not enough data
8.0
29
Not enough data
7.2
23
Reporting
Not enough data
7.9
19
Not enough data
7.4
16
Not enough data
8.7
19
Integrations
Not enough data
8.2
19
Not enough data
8.4
19
Not enough data
7.3
17
Transactions
Not enough data
7.3
16
Not enough data
8.8
18
Not enough data
8.8
20
Workflows
Not enough data
7.6
17
Not enough data
7.8
17
Categories
Categories
Shared Categories
Lockstep and Versapay are categorized as Accounts Receivable and Credit and Collections
Reviews
Reviewers' Company Size
Lockstep
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Versapay
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Small-Business
(50 or fewer emp.)
Mid-Market
(51-1000 emp.)
Enterprise
(> 1000 emp.)
Reviewers' Industry
Retail
11.1%
Consumer Goods
11.1%
Internet
8.3%
Facilities Services
8.3%
Construction
8.3%
Other
52.8%
Wholesale
13.0%
Accounting
8.7%
Transportation/Trucking/Railroad
7.2%
Construction
7.2%
Computer Software
7.2%
Other
56.5%
Most Helpful Reviews
Lockstep
Most Helpful Favorable Review
Michael A.
Verified User in Internet
I love how much time this program saves me! It really streamlines our business.
Most Helpful Critical Review
Robert S.
Verified User in Construction
Support, not easy to use , Very long and expensive implementation
Versapay
Most Helpful Favorable Review
Verified User in Transportation/Trucking/Railroad
Interface is clean, customers are able to use without issue.
Most Helpful Critical Review
liana P.
Verified User in Accounting
Product is not intuitive or user-friendly, took much longer to implement and no follow-up when deadlines were missed, and told that invoices would generate in the system automatically for booking convenience fees, but now have to manually enter them because...
Michael A.
Verified User in Internet
I love how much time this program saves me! It really streamlines our business.
Verified User in Transportation/Trucking/Railroad
Interface is clean, customers are able to use without issue.
Robert S.
Verified User in Construction
Support, not easy to use , Very long and expensive implementation
liana P.
Verified User in Accounting
Product is not intuitive or user-friendly, took much longer to implement and no follow-up when deadlines were missed, and told that invoices would generate in the system automatically for booking convenience fees, but now have to manually enter them because...
Alternatives
Discussions
Lockstep has no discussions with answers
Versapay has no discussions with answers
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