Lightyear, the Belfast-based purchasing and accounts payable automation software provider, has formed a new strategic partnership with Sage to integrate its software with both Sage Business Cloud Accounting and Sage Intacct.
Founded in 2017, Lightyear works with large SMEs and mid-market businesses looking to digitize their processes.
The company automates end-to-end purchasing and accounts payable processes by utilizing artificial intelligence technology in key areas such as data capture, GL coding, approval processes, statement reconciliation and exporting. This enables customers to cut their approval processing times to five days or less, reducing manual processing time and costs by up to 80 percent.
As a preferred accounts payable automation partner with Sage, Lightyear customers using Sage Intacct will have access to features such as automatic reconciliation of supplier statements, auto-price checking and supplier and inventory management.
Melody Williams, vice president of sales strategy and operations for Sage Intacct, said: “We are always looking for quality solutions that Sage Intacct customers can utilize to improve their operational and financial performance. Lightyear offers a fantastic mid-market solution with a slick integration that adds combined power and value for Sage Intacct customers. We look forward to working closely with Lightyear in the months and years ahead.”
Kenny Galloway, head of strategic partnerships at Lightyear, added: “At Lightyear, partnerships are one of the core aspects of the business. Partnering with Sage is an extremely important part of our future and our success. We operate in the same verticals and have similar plans in terms of growth across the UK and Ireland, Australia, South Africa and North America. We have developed our integrations with Sage Intacct and Sage Business Cloud Accounting to bring combined benefits that strengthen the value our mutual customers will get through using our products together.”