Lightyear Features

Provide features to capture invoices such as import or scanning 12 reviewers of Lightyear have provided feedback on this feature.

Based on 11 Lightyear reviews. Deliver a central repository of AP documents, such as POs and invoices

Provide features to capture and record invoices, such as import or scanning

Allow suppliers to submit invoices using an online portal

Deliver a central repository of AP documents, such as POs and invoices

As reported in 12 Lightyear reviews. Ability to match AP invoices to POs, contracts, or payments

Include workflows for approvals and invoice processing This feature was mentioned in 11 Lightyear reviews.

Comply with local and global tax regulations for collections 12 reviewers of Lightyear have provided feedback on this feature.

Ability to match AP invoices to POs, contracts, or payments

Identify incomplete or late supplier payments

Include workflows for approvals and invoice processing

Comply with local and global tax regulations for collections

Electronically submit invoices to buyers

Track invoices based on due dates to identify overdue payments 12 reviewers of Lightyear have provided feedback on this feature.

Ability to compare AP automation metrics with other companies

Monitor KPIs such as time to process an invoice or erroneous payments

Improve visibility into procurement activities across the company.

Monitor the performance of procurement operations

Analyze procurement spending and identify future trends.

Track invoices based on due dates to identify overdue payments

Monitor KPIs such as time to process an invoice or erroneous payments

Provide integration with accounting and financial management software This feature was mentioned in 12 Lightyear reviews.

Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems

Provide integration with accounting and financial management software

Integrate with payment gateways and enterprise payments software

Deliver integrations with accounting modules of ERP systems

Allow integration with procurement software, such as Procure To Pay, RFP and Spend Management

Use criteria to add or remove suppliers to/from approved lists.

Manage communications with suppliers on multiple channels such as phone or email.

Capture and maintain documents related to suppliers and their products or services.

Compare goods received with purchase orders and document variations

Manage workflows and business processes for procurement.

Maintain a repository of content such as catalogs and other documents.

Define requisition rules for various types of procurement

Provide features to compare suppliers and choose the best option for various activities.

Identify potential issues and how they may impact relationships with suppliers.

Electronically create and manage purchase orders for products and services.

Include features for procurement invoicing and e-invoicing.

Create and manage supplier profiles that include contact and pricing information.

Track history of all interactions and business transactions with suppliers.

Reduces future risks through root cause analysis and process improvement This feature was mentioned in 12 Lightyear reviews.

Reduces frequency of errors, identifies risk and improves efficiency This feature was mentioned in 13 Lightyear reviews.

As reported in 12 Lightyear reviews. Offers reporting to aid in minimizing future lost profits and process breakdown

Based on 12 Lightyear reviews. Includes a library of audit-tested filters to identify AP outliers that are outside company policy

Conducts a post-audit analysis of large volumes of data to identify historical payment errors and automatically generate claims

Detects and prevents a wide range of overpayment errors This feature was mentioned in 10 Lightyear reviews.

As reported in 12 Lightyear reviews. Detects and prevents a wide range of duplicate payments

Enables automatic checks of new vendors being set up in the system to combat potential billing schemes This feature was mentioned in 12 Lightyear reviews.

As reported in 10 Lightyear reviews. Generates comprehensive data needed to conduct a thorough investigation

Provides continuous, proactive fraud monitoring across multiple systems and data formats

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives

Capability to perform complex tasks without constant human input

Anticipates needs and offers suggestions without prompting

Makes informed choices based on available data and objectives