Q2 2021 Product Updates
3 Way matching has arrived

Published date: 28th June 2021

Please accept statistics-cookies to watch this video.

Automated 3-way Matching
Automated line grouping & more

It's been a busy Quarter, with more great feature updates, performance enhancements and award nominations.

In addition to this blog, we will be running live product update webinars where you can ask questions on our latest features, as well as a dedicated PO Matching demo webinar that will take you through our amazing new Fully Automated 3-Way matching.

We are running a series of webinars to show you how to use all the latest features in our release and as a bonus we are also running webinars dedicated to our new Purchase Order Module.

Product Update

APAC - Tuesday 6th July - 11:00 pm AEST

EMEA and North America - Thursday 6th July - 12:00 pm BST

Learn all about Purchase Orders

APAC - Thursday 8th July - 11:00 am AEST

APAC - Thursday 15th July - 2:00 pm AEST

EMEA and North America - Thursday 8th July - 11:00 am BST

EMEA and North America - Thursday 15th July - 2:00 pm BST

Book a webinar

Q2 Feature Releases & Updates

3 Way matching Is live! - YouTube link

Lightyear now automates the matching of all your Purchase Orders to Goods Received Notes to Supplier Bills on the line-item level. This will give you full control and flexibility in the matching process and ensure you have all the correct approvals to pay the bill. - Matching is completed in seconds.

What if you use another system to create your Purchase Orders?

Lightyear can ingest Purchase Orders from any software system meaning there is no barrier to automating your 3-way matching.

Group export data by General Ledger code and tracking categories - YouTube link

Lightyear saves hours upon hours of data entry with our line by line data extraction, giving you rich data to take advantage of such as line by line coding, price checking and inventory export.

However, sometimes we hear that you don't want all that line data into your Accounting & ERP systems. It may be that your legacy system starts to slow with too much data. We will very soon be releasing a feature to group your line data by GL and Categories, if applicable. This will allow you to take advantage of our world-class line item extraction whilst only sending summary data to your Accounting and ERP system.

Supplier level Approvals by Bill Value

Following the recent release of our approvals by bill value matrix, you can now set different approval triggers by value, per supplier. This has been a much requested enhancement to our approvals matrix.

You can now set very granular permission levels per supplier by keyword or value.

We will be releasing this functionality to PO approvals in the coming weeks.

Calculating units for cases & units for supplier bills - YouTube link

Suppliers providing units and cases of stock have many weird and wonderful ways of invoicing their goods. Lightyear will soon be able to work backwards from the unit cost and line total to calculate the quantities for any suppliers where the quantities are not inherently obvious. A massive win for Lightyear Inventory customers.

Partner Updates - YouTube link

Xero - 4DP

You can now sync line data to Xero to 4 Decimal Places. This option can be activated from the accountancy software settings.

'Other' Widget - Export credits as positive value with a credit identifier

You can now export credit notes as a positive value and add a column to define a 'credit' identifier. This setting can be found at the bottom of the 'Other' Export widget settings area.

AccountsIQ - Batch API

We have introduced the ability to sync data into AccountsIQ via the Batch input method.

SunSystems - Category 2

You can now sync up to 2 Categories via our SunSystems Export format.

What's Next? - YouTube link

Automatically sync PO's from external systems

Lightyear's PO module is very comprehensive but we also know that many businesses wish to continue to use other PO systems for various reasons and leverage Lightyears World first 3 Way matching functionality. That's why the smart people in our development department are building data extraction from POs. Simply auto-email your POs into Lightyear and we will automatically populate the PO data within your account for PO matching purposes. You can then update your source system once the PO has been received/matched and completed.

Approvals by value & supplier within PO Approval Matrix

Further Approvals flexibility being built into the PO approval matrix.

New Partner Integrations - Sage

We are really excited to be starting a partnership with Sage and will be launching various product integrations in the coming months.

Unit of Measure

The ability to save a Unit of Measure (UOM) against a product and select a UOM when creating purchase orders.

Filters on Columns

The ability to filter columns in Panel 1, such as Department, Supplier, Category, Approver and more.

Updated Terms and Conditions

We have made some minor updates to our terms and conditions to update: