Lightyear is thrilled to have been recognised as the Northern Ireland Startup of the year at the 16th annual Global Sourcing Association UK & Ireland (GSA) Professional Awards held in the Titanic Exhibition centre on Tuesday 25th June.
"We quickly realised that the cost of processing paper bills is huge, but you won’t see the cost to process paper bills as a line-item on your P&L, but the cost is there, in wages and salaries, office space, storage space, unidentified supplier overcharging etc"
Xero April app partner of the month. In just six short months, Lightyear have found their biggest vertical in the retail and hospitality industries. Chris says experiencing the pain points of restaurants, pubs, clubs and franchises made it much easier to build the perfect solution.
It still amazes me how many businesses have no idea of the cost of AP to their business. You’ll never see AP as a row on a Profit & Loss account, but the process of managing AP certainly impacts the P&L.