With Schools being at the forefront of supporting society through this pandemic by ensuring the safety and education of our children we know that paying supplier invoices on time has been a major challenge for their Finance Teams.
Therefore we are thrilled to announce that we have just launched an integrated partnership with the World’s Fastest Accounts Payable Automation solution, Lightyear. This new partnership will make your Accounts Payable process fast, efficient and truly paperless.
What makes Lightyear fast, efficient and paperless?
As all invoices, credit notes and supplier statements are stored in the cloud, Lightyear turns the Accounts Payable process into a truly paperless workflow, allowing you to manage your Accounts Payables whilst working from home, school or anywhere with an internet signal.
80% faster processing
Lightyear’s software automatically extracts all line items from your supplier Invoices instantly and accurately. The system will then automatically send the invoices through an approvals workflow that has been customised for your school with up to 5 levels of approval on every bill. You have full visibility across all the approval stages and your approvers will have one place to instantly approve all invoices with a click of button. No more email reminders or chasing paperwork from your colleagues; all docs are in one place with a full audit trail!
All of your data (including all your line-items) then syncs back into WCBS with 1 click. Lightyear holds a copy of all your supplier invoices in their cloud archive for up to 7 years.
More About Lightyear
In 2 short years, Lightyear are automating payables for thousands of businesses in over 10 countries, processing over £4 billion worth of supplier bills with a customer satisfaction rate of 99%.
Chris Gregg, CEO of Lightyear commented,
“We are incredibly excited to offer WCBS customers this integration to help them speed up their processing of supplier bills.
We help our customers to speed up their AP processing which allows a business to get its accounts up to a live situation each month. This means you can see your committed outgoings in your business much sooner than manual methods allow. This can be crucial in managing cash flow, which can be especially important for the education sector.”
Lightyear makes it incredibly easy to get going in just a couple of hours. We will soon be running a free to attend partner webinar with Lightyear, which can you sign up for here. You can also get more information about Lightyear by visiting their website.
