Name: Lightyear
Price: 99 USD
Rating: 9.3 (2 reviews)
Author: Lightyear

Help Desk

Kiosk

Web and Video Conferencing

Customer Support

AI Code Generation

Automation Testing

Beta Testing

Feature Management

Development

Virtual Classroom

Education

AI Document Creation

Business Intelligence (BI)

Collaboration

Demand Planning

Internal Communications

Knowledge Management

Quality Management

Supply Chain Visibility

Whistleblowing

Enterprise

Accounting

Cash Flow Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Monitoring

HR Management

Payroll

Talent Intelligence

Talent Management

Video Interview

Workforce Analytics

Workforce Management

eLearning Content

Human Resources

Blockchain-as-a-Service (BaaS)

Business Process Automation

Cloud Data Warehouse

Cloud Storage

Data Integration

Data Replication

Database-as-a-Service (DBaaS)

Embedded Database

Encryption Key Management

Fraud Detection

IT Alert Management

Integration Platform as a Service (iPaaS)

Network Performance Monitoring

OpenStack Cloud

Scale-Out Storage

Test Management

User Activity Monitoring

Value Stream Management

WAN Optimization

Web Content Filtering

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Email Marketing

Enterprise Marketing Management

Grant Management Software

Livestream

Marketing Automation

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Auction Software

Customer Relationship Management (CRM)

Sales Consulting

Sales Incentive Compensation Management

Sales Training

Sales

Agriculture

Inventory Management

Last Mile Delivery

Military and Defense

Online Ordering

Shipping

Vertical-Specific

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### Invoice Management
Users unanimously praise Lightyear's invoice management capabilities. They appreciate the efficiency and time-saving features that streamline the processing of supplier invoices. The ability to access and manage old invoices easily, along with the audit trails and notes that provide a comprehensive history of each invoice, are highlighted as valuable tools. Despite minor drawbacks such as limitations in the mobile app and occasional issues with mapping certain supplier invoices, users find Lightyear's invoice management system to be a reliable and effective solution for their business needs.

### Accounting Integration
Users consistently praise Lightyear's accounting integration capabilities, highlighting its ability to streamline the accounts payable process and improve accuracy in financial management. The software's compatibility with popular accounting systems like Xero and MYOB is lauded for its efficiency in automating invoice processing and eliminating the need for manual data entry. Despite occasional lag issues during integration, users find Lightyear's accounting integration to be a valuable asset in enhancing their financial workflows.

### Audit and Compliance
Users unanimously praise Lightyear's audit trail and process controls. They appreciate the comprehensive audit trails that provide a full history of each invoice's lifecycle, reducing the need for external communication and queries. The visibility and search functionality offered by Lightyear enable users to easily track the status of invoices throughout the approval process. The system's ability to automate data flows and authorizations ensures the integrity of financial information, contributing to a robust compliance framework. Additionally, users find the system's simplicity and versatility in managing audit and compliance tasks to be highly beneficial, saving time and enhancing accuracy in financial processes.

### Approval Workflows
Users unanimously praise Lightyear's approval workflows capabilities. The system's intuitive design and efficient approval process have garnered high acclaim from users across various industries. Reviewers highlight the ease of setting up approval workflows, the visibility provided at each stage of the process, and the ability to customize approval levels to suit specific business needs. The audit trails and notes feature is particularly lauded for streamlining communication and ensuring accountability. Additionally, the platform's automation of data extraction and built-in approval processes are commended for enhancing accuracy and efficiency in managing invoices. Lightyear's approval workflows have proven to be a valuable asset for businesses seeking a streamlined and transparent accounts payable process.

### Data Extraction and Processing
Users consistently praise Lightyear's data extraction and processing capabilities, highlighting the system's efficiency in automating invoice processing and reducing manual data entry errors. The built-in approval process and accurate data extraction features have been commended for streamlining accounting processes and saving time. Users appreciate the ease of accessing and retrieving old invoices, as well as the quick response from customer service. The system's ability to interpret data accurately and provide 24/7 access from anywhere in the world has been a key factor in its positive reception among users.

### Automation and Efficiency
Users consistently laud Lightyear for its exceptional automation and efficiency capabilities, emphasizing the significant time and effort savings achieved through streamlined processes and automated AP functions. The integration of automation rules, data extraction, and approval processes has notably enhanced accuracy and control over accounts payable operations. Lightyear's commitment to continuous improvement and responsive support further solidifies its reputation as a reliable partner in optimizing business efficiency through automation.

### Supplier Management
Users unanimously praise Lightyear's supplier invoice management features. They appreciate the complete visibility provided, allowing them to track invoices through all approval stages efficiently. The system's search functionality and audit trails are highlighted as valuable tools that streamline the invoice management process. While a few minor issues were noted, such as difficulty mapping certain invoices, the overall consensus is that Lightyear's supplier management capabilities are robust and user-friendly.

### Procurement and Purchasing
Users consistently praise Lightyear's procurement and purchasing capabilities, highlighting the platform's efficiency in sourcing multiple Internet providers and obtaining competitive quotes quickly. The self-service aspect, complete visibility throughout the procurement process, and the ease of comparing carriers on a single dashboard are particularly appreciated. Additionally, users value the expertise of the Lightyear team in the telecom industry, which has contributed to successful procurement experiences. The platform's automation of invoice processing and compatibility with accounting systems have also been commended for streamlining operations and reducing manual tasks.

### User Experience and Support
Users consistently praise Lightyear's user-friendly software and ongoing support capabilities. They appreciate the ease of use and efficiency gained from the platform, noting that it has streamlined their processes and improved productivity. The support team at Lightyear is commended for their responsiveness and helpfulness, guiding users through any issues they may encounter. Users also value the continuous updates and improvements made by the Lightyear team, ensuring that the software remains relevant and effective for their needs. In summary, user experience and support are highlighted as key strengths of Lightyear, contributing to a positive overall experience for users.

### Implementation and Training
Users consistently praise Lightyear's implementation process and training support. They highlight the ease of setting up the software across multiple locations and the quick learning curve for new users. Despite some initial challenges with client adoption, the ongoing support and training provided by the Lightyear team have been instrumental in overcoming obstacles and improving efficiency. The dedication of the support team, their responsiveness to feedback, and the willingness to assist with training have been key factors in users' positive experiences with Lightyear's implementation and training capabilities.

User-Friendly Interface: Many users have praised Lightyear for its incredibly user-friendly interface. They have found the layout to be straightforward and intuitive, making it easy to navigate and understand. The visually pleasing design and the display of only necessary information have contributed to a positive user experience.

Efficient Workflow Streamlining: Several reviewers have highlighted how Lightyear has effectively streamlined their workflow processes. The software's features, such as statement reconciliation, search functionality, audit trails, and notes, have greatly improved efficiency and productivity. Users appreciate the time-saving benefits and the ability to easily manage invoices throughout the approval process.

Excellent Customer Support: Lightyear's customer support team has received consistent praise from users. Reviewers describe them as responsive, supportive, and friendly, providing excellent assistance whenever needed. Their availability 24/7 adds value by ensuring that users always receive timely help when encountering any issues or questions with the software.

Syncing Delays: Some users have experienced lag when syncing Lightyear with Netsuite, resulting in delays in the synchronization process. 

Limited Mobile App Functionality: Users have expressed a desire for more functionality on the mobile app while on site, as they feel that it currently lacks certain features such as the ability to add notes to receipt invoices and support for multiple page or long receipts/invoices.

Difficulty Selecting Address during Quote Process: On occasion, users encounter difficulties when selecting the address for a specific unit during the quote process, necessitating them to seek assistance from Lightyear via email. One reviewer suggested having this step at the beginning of the process to avoid starting over.

Lightyear has become an invaluable tool for businesses in various industries, providing a range of use cases that have transformed their operations. Users have found that Lightyear's user-friendly interface and productivity features make it easy to introduce interns to the software, saving time and streamlining training processes. The integration capabilities with different accounting software have also been praised by users, as it allows them to seamlessly connect Lightyear with their existing systems, resulting in increased efficiency. One major benefit of going paperless with Lightyear is the elimination of lost documents and the assurance of accurate work, providing peace of mind for users.

Despite some users experiencing occasional integration lag, the overall recommendation for Lightyear remains high. Customers have applauded the top-notch customer service provided by the Lightyear team, from helpful demonstrations to ongoing support. The platform's ability to provide a broader set of quotes quickly from multiple providers has greatly improved sourcing capabilities for users. Lightyear also ensures that all circuits meet specific needs in terms of diversity and speed, enhancing operational success with its failover service that boasts an impressive 99.99999% uptime. 

The hassle of obtaining quotes, contracts, and dealing with carriers is expertly handled by Lightyear, saving users valuable time and effort. Additionally, the software streamlines the approval process, particularly for international organizations operating in multiple time zones. It simplifies the process of ordering dedicated circuits, making it easier for businesses to obtain new circuits and set up internet coverage for new offices and work locations. Furthermore, Lightyear's automatic invoice processing feature coupled with its compatibility with other software systems has freed up time and streamlined accounting processes for users.

The archive tab within Lightyear is a useful tool that allows users to easily look up invoices without interrupting their Accounts team. This feature saves time and keeps information organized and easily accessible. The inventory function provided by Lightyear is another valuable asset for businesses as it enables them to effectively manage ongoing internet vendors, all in one platform. Additionally, being cloud-based, Lightyear is convenient to work with from home, making a significant difference in business operations, especially amid remote work trends.

The implementation of Lightyear has been seamless for many users. The software has transformed the way businesses manage suppliers by providing automation, integrity of data flows, and a comprehensive audit trail. The transition from original processes to Lightyear's platform has been efficient, often taking only a day. This showcases the system's ease of use and its ability to automate the accounts payable function effectively. Lightyear enhances controls

Starter

Business

Enterprise 

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Accounts Payable

Features found in accounts payable software products

Automated Accounts Payable Processes

Accounts payable processes are automated based on pre-determined workflows.

Vendor Management

Holds information related to vendor terms and contracts.

Tax Form Preparation

Allows users to create and share tax forms within the platform.

Payment Management

Features that allow for the management of payments across various forms of finance/accounting software.

Customizable Approval Policies

Policies for different types of approvals can be customized, sent to multiple approvers, automatically approved, etc.

Financial Document Management

Invoices, expense reports, and associated documents are stored within the platform for any future needs.

Payment Status Tracking

Tracks what stage payments are at in the process, from approval to receipt.

Payment Audit Trail

Allows admin users visibility into the entire payment process, from receiving the expense claim or invoice to the payee receiving payment.

Duplicate Bill Detection

Detects duplicate invoices or expense reports to prevent double payments.

Advanced OCR

Automatically imports information from invoices, receipts, expense reports, and other 
scanned documents into the platform.

Electronic Funds Transfer

Funds can be transferred via EFT as opposed to paper checks.

PCI Compliant Security Measures

Banking and finance information is protected according to Privacy Shield and GDPR standards.

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