Lightyear compliments improving your accounts payable process perfectly. Data is accurate and at a level of detail which has been instrumental in decision making.
To celebrate Global Bookkeeping week, we caught up with Australian bookkeeper, Annelise Mauritz, Director at Bilanz to find out how utilizing Lightyear has made real impacts on their business.
Who are Bilanz?
"Bilanz is a team of engaged individuals that share a passion for business and process, providing accounts management services to businesses of all industries and sizes. We assist our clients with all everyday accounting processes, from data entry to managed accounts payable, accounts receivable, BAS compliance, and payroll. We look for ways to ensure that your business is operating as efficiently as possible within the scope of the business’ needs while establishing processes to enable effective growth. We love what we do and we love being a trusted partner with all of our clients and business solutions suppliers alike."
Why Lightyear?
"As an accounts payable service provider we have used all sorts of software and methods for processing accounts payable, but none of them compare to Lightyear. Lightyear has provided us with an all-round AP solution that includes automating, processing, approving, and exporting invoices, statement matching, communicating with suppliers, and extracting bank and payment information.
Lightyear takes care of every AP step from ordering and processing bills, to managing stock, and ultimately to paying suppliers and reporting to a level of detail that has otherwise been time-consuming, inaccurate, and clunky in the past."
Before Lightyear, on average how long did it take to compile accurate financial reports?
"Compiling financial reports has always been a headache and pre-Lightyear it could have taken 4+ hours but now the entire process takes less than an hour. With the archive feature, our team can find supplier invoices in seconds."
Have you any advice for bookkeepers considering Lightyear?
"I would definitely recommend it. This is a great time to assess your accounts payable process as a whole and although automation may seem scary I can categorically assure you that there has been nothing but 'oh thank goodness' from our office!"
