3 Tips to get ahead in the New Financial Year

3 Way to get ahead this New Financial Year

The End of Financial Year (EOFY) can be a stressful time for many businesses as they prepare financial records and tax returns, update records, and push to close as many deals as possible. Amongst this craziness, the EOFY is a great opportunity to assess how you can run your business more efficiently.

That's why we've prepared our top 3 tips to help you get ahead in the New Financial Year.

1. Review your technology and business processes

Finance and Operational Leaders are often too busy to review business processes and take time to look for improvements. Making incremental changes and implementing automation will not only reduce stress but help your business scale in the future.

Don't wait, it's time to automate!

2. Get a birds-eye view of your business with Advanced Business Intelligence Reporting

"We can only know where we are going if we know where we have been."

Financial reporting is critical in providing insights that can save a lot of headaches (and heartbreaks). Lightyear is launching a new game-changing Advanced Business Intelligence Reporting engine within the next few weeks, giving users improved visibility across:

Purchase Orders, Bills, Credits and Goods Received records... by Line item.
Grouped spend analysis by supplier, general ledger code, tracking category and goods purchased/received.
New filtering options that will drill down to your granular dataset with ease

3. React quickly with Real Time Data

Access to real time data will help you paint an accurate picture of your business’s financial health. This visibility and insight will allow you to anticipate and avoid challenges before they become a problem.

Change the way you do things this 1st July.

Automate My Accounts Payable