Accounts Payable Software
Lightyear
spotlight

Lightyear

Top Features
Lightyear
by Lightyear
  • 5.0
    Fraud Detection
  • 5.0
    Vendor Management
  • 4.9
    Aging Tracking
  • 4.9
    Approval Process Control
  • 4.9
    Data Extraction
OTHER USERS CHOSE
  • Fraud Detection
  • 4.8
    Vendor Management
  • 5.0
    Aging Tracking
  • 4.7
    Approval Process Control
  • 4.0
    Data Extraction

Lightyear Reviews

Showing 5 of 131 reviews
Overall
4.9
Ease of Use
4.9
Customer Service
4.9
  • "Excellent Solution for Approvals and Invoice Management."
  • "The software is fast, easy to teach, easy to learn. The support is outstanding."
  • "The ability for invoices to be automatically coded, digitally stored and approved through an online platform is truly excellent."
  • "The archive tab is a wonderful tool for our department managers to look up invoices without interrupting the Accounts team. The inventory function is great as well."
  • "I find it annoying that I have to set up a supplier in Xero, raise a test bill, then pull that back into Lightyear to set up a supplier in Lightyear."
  • "Theres is not anything that i don't like about Lightyear."
  • "No such other tool available in the market that is near close to the lightyear performance."
  • "Lightyear do add features from time to time, but I'm not sure if consumer recommendations are actually involved in the process."

Pros

  • "Excellent Solution for Approvals and Invoice Management."
  • "The software is fast, easy to teach, easy to learn. The support is outstanding."
  • "The ability for invoices to be automatically coded, digitally stored and approved through an online platform is truly excellent."
  • "The archive tab is a wonderful tool for our department managers to look up invoices without interrupting the Accounts team. The inventory function is great as well."

Cons

  • "I find it annoying that I have to set up a supplier in Xero, raise a test bill, then pull that back into Lightyear to set up a supplier in Lightyear."
  • "Theres is not anything that i don't like about Lightyear."
  • "No such other tool available in the market that is near close to the lightyear performance."
  • "Lightyear do add features from time to time, but I'm not sure if consumer recommendations are actually involved in the process."
Most Recent Video User Review for Lightyear
SEE ALL VIDEO REVIEWS
Video Review
Yasmin M.: Hi, my name's Yasmin. I'm a operations manager. I give Lightyear five out of five. For more reviews like this, click below. So we have researched and looked into probably about half a dozen other similar products on the market similar to Lightyear. And we have tested those, and we did use those for a short period of time, but we found that nothing was able to match Lightyear's ease of use and usability for our clients and for us. And the integrations were also unparalleled. So that's why we start up with Lightyear. The which as Lightyear due to its user-friendly interface, its flexibility for mapping invoices and additional functionality, and everybody just loves using the system. It integrates to a lot of other the platforms. And for us, it covers all of our needs for invoice processing, and supplier reconciliations, and it's just a really good accounts payable software. So onboarding with Lightyear, for us, it was a very straightforward process. We had some training and understood how it all worked. We actually manage thousands of hospitality venues, accounting, and bookkeeping across Australia and New Zealand. So we actually onboard individual clients onto Lightyear as well. So we manage that process for them, and it's very simple and straightforward. The integrations are also very easy to set up. You can just literally click and point to what it is that you're integrating, and it all works seamlessly. So for anybody who's looking at Lightyear as a potential accounts payable solution, we highly recommend it. And reaching out the Lightyear team directly is what the best next step would be. They're very helpful and they will help you to understand the system, and understand the functionality and usability, but we definitely think it's unparalleled in the market. It's the best accounts payable solution out there, and it will definitely help automate your processes in your business currently.
Great AP Software
5.0
Posted on October 28, 2021POSTED BY:
Yasmin M.
Workflow and Operations ManagerAccounting

Most Helpful Reviews for Lightyear

Avatar Image
Megan R.
Management Accountant
Accounting, 11-50 employees
Used the software for: 2+ years
Overall Rating
Ease of Use
Customer Service
Features
Likelihood to Recommend
Reviewer Source
Source: Capterra
June 16, 2020
"Time Saver"
OverallUsing Lightyear eliminates the overhead of a staff member and risk of manual data entry errors. Saves time and money for the business
Pros- Ease of access for different managers to approve their own departments invoices - ability to bring up old invoices as a click of a button - quick turn around from customer service team - Data interpretation to avoid data entry errors - Access 24/7 anywhere in the world
ConsPhone app does not have all the same capabilities as the website, waiting for further updates.
Reviewer Source
Source: Capterra
June 16, 2020
Verified Reviewer
Accounting, 1-10 employees
Used the software for: 1-2 years
Overall Rating
Ease of Use
Customer Service
Features
Value for Money
Likelihood to Recommend
Reviewer Source
Source: Capterra
June 12, 2020
"Game changer"
OverallFantastic, over the couple of years I have been using the program I have had nothing less than outstanding service from the support team and after initially only using it for my larger clients, it has been an easy decision to bring all my clients across to the platform. The program is intuitive to use and easy to implement and scale up or down depending on the client and approvals process needed.
ProsThe invoice approval function was the reason for initially coming across to Lightyear but the statement reconciliation process was a hidden surprise that has enabled my last remaining paper based clients to take the leap to being completely paperless. The integrity of the data being exported to the accounting software is much better than other programs.
ConsMy clients who use purchase orders are currently needing to batch together the PO pdf & supplier invoice images before sending to Lightyear which would be amazing if we could either match them up within the app, or issue PO's direct from the app which are then able to be viewed with the supplier invoice.
Alternatives ConsideredDext Prepare
Reasons for Choosing LightyearIt was some time ago now and I can't recall all the other programs we looked at, but Lightyear really came out as the only contender due to the price point and the approvals process.
Switched FromDext Prepare
Reasons for Switching to LightyearMy clients needed a program which offered a layered approvals process
Reviewer Source
Source: Capterra
June 12, 2020
Patrick H.
Business Analyst
Food Production, 11-50 employees
Used the software for: Less than 6 months
Overall Rating
Ease of Use
Customer Service
Features
Value for Money
Likelihood to Recommend
Reviewer Source
Source: Capterra
December 18, 2022
"Extremley Powerfull and Efficient Accounts Payable System"
OverallThe experience with Lightyear to date has been exceptional. From initial engagement, implementation, and ongoing support has been flawless. Guidance and support from [SENSITIVE CONTENT] at Lightyear have been brilliant and I look forward to continuing working with Lightyear and the team on implementing other workstreams coming up (i.e., P/O Processing).
Pros- Invoice Processing: Significant amount of time saved for me to focus on other aspects of the business, with confidence, knowing that I have accurately captured and processed all invoices.- Security: bank fraud detection is a very powerful feature of the lightyear system as well as its ability to flag duplicate invoices.- Support: the Lightyear team are incredible. From implementation to processing/mapping support, Lightyear are unreal.
ConsN/A: We have currently used Lightyear for < 6 months but have explored a significant amount of its functionality and capability, which has been an incredibly positive experience for myself and the business.
Alternatives ConsideredTipalti
Reasons for Choosing LightyearFar superior invoice processing functionality and advanced P/O system that could not be matched on quality and price.
Reviewer Source
Source: Capterra
December 18, 2022
Michael C.
General Manager
Hospitality, 51-200 employees
Used the software for: Less than 6 months
Overall Rating
Ease of Use
Customer Service
Features
Value for Money
Likelihood to Recommend
Reviewer Source
Source: Capterra
January 9, 2019
"Failure"
OverallTerrible is all i can say to be honest
ProsNothing to like about light year it is doesn't work simple
ConsSlow, Unstable, inaccurate ocr of invoices causing excessive manual re-entry of invoices, customer support non existent as they can't do anything as it is a terrible system I have waited for improvements over the last 3 months they haven't happened stay from lightyear find something else

Vendor Response

By Lightyear on January 8, 2020
Hi Michael, Thank you for the feedback. I've reviewed your history on our system and I believe you were using our system in the early days whilst it was still in Beta and were also having some connection issues with internet speeds. I'm sorry you didn't have a great experience with the product, certainly not what we strive for at Lightyear. Lightyear is now in full release and has been receiving great reviews all round with a much improved user experience and speed. Our team would be very happy to spend some time with you and show you the product now if you like. Just drop the team a line if so.. Many thanks, Chris.
Reviewer Source
Source: Capterra
January 9, 2019
Chris S.
Director of Finance
Education Management, 201-500 employees
Used the software for: Less than 6 months
Overall Rating
Ease of Use
Customer Service
Features
Value for Money
Likelihood to Recommend
Reviewer Source
Source: Capterra
January 4, 2023
"Great solution for a medium sized enterprise"
OverallLightyear has proved to be a great value entry point to accounts payable automation. The team at Lightyear were really helpful getting us setup and used to the system and ongoing support for new supplier setups and invoice layouts is very prompt. The system continues to be developed and has some limitations, but for the money you pay, it is a great value product.
ProsThe system is simple and handles the basics well such as invoice coding and linear approval workflows.Bank account detail changes, duplicate invoice flagging and statement reconciliation are also very clear and useful.The support team both for implementation and ongoing support are responsive and effective.
ConsThe approval workflow for invoices is at the individual supplier level so you can't create an approval chain for a department and attach a group of suppliers to that department. Each supplier is configured individually.
Alternatives ConsideredSAP Concur, Enable and Compleat Purchase to Pay
Reasons for Choosing LightyearValue for moneySpeed and ease of implementation
Reviewer Source
Source: Capterra
January 4, 2023
Compare Alternatives
Lightyear
Starting from:
$99.00/Per-Month
Pricing Model:
Flat Rate
Starting from:
Not provided by vendor
Starting from:
Not provided by vendor
Pricing Model:
Per User
Overall Rating:
  • Ease of Use
    4.9
  • Customer Service
    4.9
  • Features
    4.8
  • Value for Money
    4.8
Overall Rating:
  • Ease of Use
    4.6
  • Customer Service
    4.5
  • Features
    4.2
  • Value for Money
    4.6
Overall Rating:
  • Ease of Use
    3.9
  • Customer Service
    3.6
  • Features
    4.1
  • Value for Money
    4.0

Lightyear Pricing

Starting From:
$99.00 /month
Pricing Model: Flat Rate
  • Yes, has free trial
  • No free version
Pricing Details (Provided by Vendor):
Lightyear is available across 3 pricing tiers: Starter, Business, Enterprise. Pricing starts at $79/per month and scales with each tier, outlined below: Starter - $79/month - Unlimited Users - Unlimited Sub-entities Business - $179/month - Unlimited Users - Unlimited Sub-entities - Purchase Orders - Good Receivable Notes - Inventory Management Enterprise - $1,099/month - Unlimited Users - Unlimited Sub-entities - Purchase Orders - Good Receivable Notes - Inventory Man...
Pricing Resources:
  • Be an Informed Buyer: Understanding the True Cost of Business Software
  • Accounts Payable Software Pricing Guide
  • What is Lightyear?

    Suppliers email in their standard bills (invoices), credit notes and statements, all of which have line-item data extracted in real-time. Bills are then automatically matched to POs if applicable, or presented to individual managers at the start of a customisable approvals workflow, after which the approved data is automatically synced with your accounting system (and Point of Sale systems if required). Bills are stored online for 8 years, enabling a truly connected and paperless organisation.

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    Best For

    Lightyear can be used by any industry type and scales from large SME up to Enterprise. Our main clients include hospitality, retail, construction, manufacturing, aged care and education.

    Lightyear Video and Images

    Deployment & Support

    Deployment
    • Cloud, SaaS, Web-Based
    • Desktop - Mac
    • Desktop - Windows
    • Desktop - Linux
    • Desktop - Chromebook
    • On-Premise - Windows
    • On-Premise - Linux
    • Mobile - Android
    • Mobile - iPhone
    • Mobile - iPad
    Support
    • Email/Help Desk
    • FAQs/Forum
    • Knowledge Base
    • Phone Support
    • 24/7 (Live Rep)
    • Chat
    Training
    • In Person
    • Live Online
    • Webinars
    • Documentation
    • Videos
    Contact Details
    • Lightyear
    • Located in United Kingdom
    • Founded in 2018
    • https://www.lightyear.cloud/

    Lightyear Video