Lightyear & Sage join forces to provide customers with a unique end-to-end solution for Accounts Payable

Lightyear announces a new strategic partnership with Sage to integrate their Purchasing and Accounts Payable automation software with both Sage Business Cloud Accounting and Sage Intacct.

Head of Strategic Partnerships, Kenny says, “At Lightyear partnerships are one of the core aspects of the business. Partnering with Sage is an extremely important part of our future and our success. We operate in the same verticals and have similar plans in terms of growth across the UK&I, Australia, South Africa and North America. 

We have developed our integrations with Sage Intacct and Sage Business Cloud Accounting to bring combined benefits that strengthen the value our mutual customers will get through using our products together.”

What does this mean for Sage customers? 

As a preferred Accounts Payable Automation partner with Sage, Lightyear customers using Sage Intacct will benefit from a multitude of combined features. This powerful combination will help businesses to reduce manual processing time and costs by up to 80%. 

Cross-platform benefits exclusive to the Lightyear/Sage Intacct partnership: 

• 100% accurate, line-item data extraction ensures the best quality data to feed Sage Intacct’s powerful reporting engine. Lightyear does this by utilizing AI alongside proprietary data extraction technology (using OCR as a backup). 
• A copy of all invoices is pushed to Sage Intacct from Lightyear as a PDF and link rather than jpeg images. 
• Automatic reconciliation of supplier statements instantly within Lightyear. 
• Ingestion of PO information from Sage Intacct to Lightyear ensures highly accurate 3-way line-item matching. Customers can match their supplier documents in seconds rather than days. 
• Lightyear's integration enables all correct tax/GST codes to be utilized within Lightyear and transferred correctly to Sage Intacct, reducing task duplication. 
• Lightyear's unique user interface allows for all financial data and coding to be viewed and validated in one view reducing the time spent flicking between screens. 

There are additional benefits for mutual customers, including auto price checking, supplier & inventory management, duplicate flagging and a sophisticated document archive. 

Lightyear has become hugely popular on a global scale across various verticals, in part because they take a human-centred approach to customer service and support. Support is provided to customers free, live and 24hrs a day, with local, dedicated support teams in both the UK and Australia via chat, email or phone. 

This mutually beneficial partnership brings together two powerful and highly complementary companies to provide a unique and flexible Accounts Payable and Purchase Order Automation solution at a very affordable price point.

VP of Sales. Strategy and Operations for Sage Intacct, Melody Williams says: 

“We are always looking for quality solutions that Sage Intacct customers can utilize to improve their operational and financial performance. Lightyear offers a fantastic mid-market solution with a slick integration that adds combined power and value for Sage Intacct customers. We look forward to working closely with Lightyear in the months and years ahead” 

Who is Lightyear? 

Lightyear was founded in 2017 by Irish brothers Chris and Roger Gregg. They provide Purchasing and Accounts Payable automation software for large SME’s and mid-market businesses who want to move to a digital process. Lightyear is headquartered in the UK with regional offices in Australia. 

Lightyear automates your end to end purchasing and accounts payable processes. This is done by utilizing cutting edge AI technology in key areas including but not limited to; data capture, GL coding, approval processes, statement reconciliation and exporting. This enables customers to cut their approval processing time down to 5 days or less, saving up to 80% of time and costs.