Immediate data extraction
Lightyear extracts all important information, including statement date, balance and line data.
Manual reconciliation shouldn’t be delaying your month-end. With Lightyear’s automated statement reconciliation, you can save up to 3 days each month. Every line matched. Every missing invoice flagged. And you can get back to doing the things that make an impact.
Connect your ERP, accounting system, and more with pre-built integrations and powerful APIs, so data entered once flows accurately across your entire finance stack. No duplicate entry.
Extract every line-item from any document in under 15 seconds — powered by AI
Control spending and gain visibility with purchase order management.
Approve your bills and purchase orders in a multi-tiered, customised approvals workflow.
Automate the bookkeeping for all your line items and accurately sync them with your accounting system.
Automated supplier statement reconciliation uses software to match supplier statement line data against bill data, reducing manual effort and speeding up the reconciliation process.
Yes, it does. Lightyear intelligently identifies and distinguishes supplier statements, invoices, and credit notes as part of its automated supplier statement reconciliation process.
Yes, it does. Lightyear automatically creates a list of any missing documents from your supplier statement.
Lightyear extracts lines from your supplier statements and compares them against the invoice data stored in your account. It then highlights invoices as matched, partially matched, or missing. You can also set custom matching rules based on supplier, invoice number, amount, and date.
Yes. If there are any variations between the supplier statement total and what’s recorded in Lightyear, they will be clearly flagged for your review.
Yes. Lightyear stores a full audit trail of all statement activity against each document, including any emails sent to suppliers, for complete audit visibility.
Lightyear is designed as a leading supplier statement reconciliation software solution, offering automated matching, missing document detection, and audit-ready reporting to streamline the reconciliation process.