Lightyear

The bigger the business, the more complex their Accounts Payable needs.

Lightyear caters for those businesses that want to combine their data extraction from supplier bills and approvals workflow into one platform.

• Advanced Procurement & PO Approvals

• Direct to Supplier ordering

• Goods Received matching

• Automated 3-way matching

• Import your POs into Lightyear to complete your 3-Way Matching

• Instant data extraction with up to 100% accuracy

• Approve bills on the go via our mobile app, in-browser or via email

• Automated bookkeeping on every line item

• Multi-currency

• Automatic Bank details check

• Automated Supplier Statement Reconciliation

• Instant messaging and notifications centre

• Integrations with leading inventory software providers

• Detailed reporting on all your purchases including COGS

• Archive with full audit trail

Lightyear is a cloud-based Purchasing and Accounts Payable platform. We automate data entry and approvals to streamline the traditional Purchasing and Accounts Payable process, saving business both time and money. Lightyear has two optional product modules for you to choose from; Purchasing & Accounts Payables.

Purchasing

Leverage the latest technology to automate and streamline your purchasing processes including Automated 3-Way Matching on the line-item level. Lightyear can auto-import Purchase Orders (POs) from Xero allowing you to complete your Automated 3-Way Matching or you can easily create POs in Lightyear from a computer, tablet or mobile. Decrease approval time, ensure spend control and prevent fraud across your teams with our approvals matrix. Receive goods against POs and allow Lightyear to do the heavy lifting with our Automated line item 3-Way Matching.

Accounts Payable

Lightyear delivers a paperless office, ideal for remote AP team working. Lightyear extracts line-item data in real-time and fully automated bookkeeping on a line by line level. Bills and Credits are then approved through a customisable approvals workflow, after which the approved data is automatically synced with Xero (and Xero Inventory / Point of Sale Systems if required). Bills are then stored online for 8 years, enabling a truly connected and paperless organisation in the Lightyear Cloud.