About Lightyear

Lightyear is a cloud-based accounts payable solution designed to help businesses automate data entry by extracting details from invoices, credit notes, bank statements and receipts, streamline approvals through customizable workflows and maintain a record of outstanding amounts. Features include messaging, audit trail, statement reconciliation, multi-currency and duplicate auto-flagging. The application's rules automation feature enables accountants to automatically assign line items with general ledger (GL) codes, tax rates, categories or departments. Finance professionals can check product prices against the verified supplier pricing and route bills to relevant approvers. The dashboard lets supervisors view the number of bills processed, signed off, reviewed or awaiting approval. Lightyear offers integration with various third-party applications such as Abcom, MYOB, Xero, Sage 50, Fuelsoft and more. It comes with mobile applications for iOS and Android. It is available on monthly subscriptions and support is provided via documentation, live chat and phone.
Lightyear Software - Lightyear receipt upload
Lightyear Software - Lightyear user management
Lightyear Software - Lightyear signed off bills
Lightyear Software - Lightyear dashboard
Lightyear Software - Lightyear receipt upload - thumbnail
Lightyear Software - Lightyear user management - thumbnail
Lightyear Software - Lightyear signed off bills - thumbnail
Lightyear Software - Lightyear dashboard - thumbnail

Lightyear pricing

Lightyear does not have a free version but does offer a free trial. Lightyear paid version starts at US$79.00/month.

Starting Price:
US$79.00/month
Pricing Details:
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 Management - Dedicated Account Manager - White Labelling Capabilities
Free Version:
No
Free trial:
Yes

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Lightyear Reviews

Feature rating

Value for Money
5
Functionality
4.5
Ease of Use
5
Customer Support
5
5 reviews of 70 View all reviews
Daniel V.
  • Industry: Accounting
  • Company size: Self Employed
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 11/03/2021

Great Software to Streamline your Accounts Payable Process

I find Lightyear easy to use and I have only had positive feedback from clients.

Pros

I love the automation of data extraction and the built in approval process Lightyear has to offer. It helps me to get my clients data correct, having the correct expenses and payables, and it means I can get multiple levels of approvals before the invoice hits the GL.

Cons

Sometimes the OCR doesn't work the way I expect, but I know they are constantly improving the software and I'm confident it will be better in future.

Alternatives Considered

Dext Prepare

Reasons for Switching to Lightyear

Lightyear data extraction was much better than the rest and the built in approval process means I can ease the pressure from the business owners and put it back on the staff, but the business owners still have ultimate control of the suppliers.
Verified Reviewer
  • Industry: Accounting
  • Company size: 2-10 Employees
  • Used Daily for 1+ year
  • Review Source
Value for Money
5
Features
4
Ease of Use
5
Customer Support
5

5
Reviewed on 12/06/2020

Game changer

Fantastic, 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.

Pros

The 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.

Cons

My 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 Considered

Dext Prepare

Reasons for Choosing Lightyear

My clients needed a program which offered a layered approvals process

Switched From

Dext Prepare

Reasons for Switching to Lightyear

It 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.
Laure F.
  • Industry: Farming
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 16/09/2021

Amazing tool to process accounts payables

Pros

Great value for money, time saving, user friendly, outstanding customer service, provides everything you need to process creditors invoices

Cons

I have never had a bad experience with Lightyear. Whenever something doesn't work (which barely happens), their team is always very responsive and the problem gets solved super quickly

Michael C.
  • Industry: Hospitality
  • Company size: 51-200 Employees
  • Used Daily for 1-5 months
  • Review Source
Value for Money
1
Features
1
Ease of Use
1
Customer Support
1

1
Reviewed on 09/01/2019

Failure

Terrible is all i can say to be honest

Pros

Nothing to like about light year it is doesn’t work simple

Cons

Slow, 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

Response from Lightyear

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.

Replied 08/01/2020
Kamil W.
  • Industry: Food & Beverages
  • Company size: 2-10 Employees
  • Used Daily for 1-5 months
  • Review Source
Value for Money
5
Features
5
Ease of Use
5
Customer Support
5

5
Reviewed on 21/06/2021

A great product that's getting even better with every update

Pros

First of all, Lightyear is a standalone application that you can, but don't have to integrate with your accounting software. Second of all, strightaway you know the costs of adding it to your business. The price list is on their website and it's fair.
The setup did require some thinking about workflows and user experience, so I took my time there.
But once the suppliers and maps are set up and automation rules kick in, the whole AP process becomes much less painful. I almost enjoy it now ;). The most important features like reading the invoices, accurately mapping them, and assigning them to correct approvers work very well. It saves time, effort and annoyances. The Lightear support team is a very helpful and friendly bunch. I even did a small survey among colleagues and asked what they thought of Lightyear. No surprise - everyone likes it. I highly recommend this product!

Cons

No option to add multiple attachments to invoice at once.

Alternatives Considered

Adobe Sign

Reasons for Switching to Lightyear

It's standalone and doesn't need costly integrations with accounting software or involving IT support.

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