Future Transfer
"We provide agricultural logistics and distribution services utilizing our own dedicated fleet including bulk tankers, tractors, dry vans and railcar movers."
We spoke with Vice President Chan Perera & Controller, Gary Armstrong about the impacts of implementing Lightyear.
Get on board with Lightyear, it is a very effective solution for AP processing, it's a great product and you will not be disappointed.
Who are Future Transfer?
We provide agricultural logistics and distribution services utilizing our own dedicated fleet including bulk tankers, tractors, dry vans and railcar movers.
Our modern warehouses are spotless, well organized and secure, with all locations meeting and exceeding standards set by the Agriculture Warehousing Standards Association (AWSA) providing over 1.5 million square feet of storage capacity. Our capabilities include several lines dedicated to packaging liquid products to allow for peak proficiency in addition to an extensive rail spur capacity. We are a privately owned corporation with facilities across Canada.
What were the pain points you needed Lightyear to solve?
To efficiently and effectively manage our accounts payable processes.
Were you previously using an Accounts Payable solution, if so, what was it and why have you moved?
Prior ownership utilized DCI for AP processing however we needed a user friendly and cost effective system.
Why have you chosen to implement Lightyear?
Lightyear presented an easy to use application that facilitated our needs for AP processing and approval. It had great functionality and a very helpful team that showed us what it can do, especially the Head of Onboarding Rebeca Coulter.
Did you Find Lightyear easy to implement?
Yes
Did you encounter any initial objections from staff, if so what were they and how did you overcome them?
No, everyone involved was very happy from the first demonstration how easy the system was.
Did you avail of our Let's Get Going (onboarding) program and If yes did you find it useful and why?
Very useful, the level of service and helpfulness of the team was excellent.
Were you happy with the level of customisation available to you?
Very.
Pre-lightyear, how long did you spend on these Accounts Payable tasks?
- Manually entering in data into accounting software per month: 30+ Hours
- Getting approval to pay 1 bill: 1-5 Days
- Finding 1 supplier invoice: 5 Minutes
- Compiling accurate financial reports: 1-2 Hours
Since implementation how long is your team spending on the same Accounts Payable tasks?
- Manually entering in data into accounting software per month:
- Less than 2 Hours
- Getting approval to pay 1 bill: 1-2 days
- Finding 1 supplier invoice: Less than 1 minute
- Compiling accurate financial reports: Less than 1 Hour
Since implementing Lightyear, on average, how many supplier bills did you need to go back and fix errors with your Accounts Payable data in your accounting software?
0-10%
What percentage on costs are you saving on your overall accounts payable functions and have you been able to take advantage of early payment discounts?
We have been able to take advantage of early payment discounts every time and on average we are saving 31-40% on Account Payable costs.
What would you say to someone who is potentially transitioning to Lightyear?
Great product with excellent service, you will not be disappointed. One of our favourite aspects is that you can see the supplier invoice all the way through the approval process. We also enjoyed the visual presentation of the status of invoice processing in the dashboard.
Out of 5 how many stars would you rate Lightyear?
5*
What are your favourite Lightyear features?
Supplier Management
Data Extraction
Duplication Flagging
Inventory/Catalogue Management
Statement Reconciliation
3-Way Matching
Archive
See what our other customers say about Lightyear
Sonnel have 14 hotels across Australia and have been using Lightyear since mid 2020 to more efficiently and effectively manage their AP processes.
We spoke with Sanjay de Silva who is the Compliance Officer & Stocktake Manager for Sonnel.
COVID has put a huge pressure on many businesses to reassess how they operate as some business procedures are simply no longer viable.
Healthcare Ireland implemented Lightyear to go paperless with their Accounts Payable as no one could access paper after switching to remote working.
Pizza Pilgrims are a multi-site pizzeria franchise that have been using Lightyear for 5+ years. Their previous process was very manual, with a lot of data entry and checks.
We spoke with both the Financial Director Sophie and the Financial Controller Laura of Pizza Pilgrims, to get their perspective on why they chose Lightyear and more importantly, why they stay with us.
"Lightyear is a cutting edge technology"
Launch was "launched" in 2015 and I took over the ownership in 2018. I needed a solution that would reduce data entry and allow clients to approve their bills.
We spoke with Bookkeeper Lynley Pryde to catch up on all the changes to Launch since she has implemented Lightyear.
"Easy to use & approve bills & export to Xero" - Lynley Pryde
St Basil's have been using Lightyear since July 2020 and have enjoyed 30+% reduction in AP costs, up to 50% increase in efficiency of financial reporting and much more.
The Royce Aged Care have seen marked improvements in their business processes and functions since implementing Lightyear in 2020.
95% of time reclaimed with Archive Search, 80% decrease in bill approval time & 50+% reduction in Financial Reporting time.
