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3 Ways to improve your Accounts Payable Process

Manual AP processes are not only time-consuming and repetitive, but they can also be costly to businesses. That's why we've prepared our top 3 tips to help improve your Accounts Payable Process.

Kasturi Banerjee

by Kasturi Banerjee

Digital Content Writer

Posted 08/09/2025

Accounts Payable Process

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.

 

Get in touch today to find out more about how Lightyear can help!

Kasturi Banerjee

By Kasturi Banerjee

Digital Content Writer