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About

Automate your data entry, with line by line data extraction. Consolidate your bookkeeping, bill approvals and purchasing within one intuitive cloud platform with the world’s fastest Purchasing and AP automation software, Lightyear. The Lightyear suite of products is designed for large and mid market businesses across all industries. We provide advanced procurement & PO Approvals. Direct to Supplier ordering. Goods Received matching and automated 3-way matching Budgets. Industry-leading line-item data-extraction from Bills & Credit Notes. Advanced Bill Approvals. Automated supplier statement reconciliation. Instant messaging & notification centre. Mobile app approvals. Integrations with leading Accounting software and ERP systems. Detailed reporting. Archive with full audit trail. Lightyear is a multi-award winning 5* rated app across Capterra, Xero, Netsuite and Quickbooks.

About

Precoro is a cloud-based solution that consolidates procurement, AP, and payment management. It automates operations with AI, eliminates manual work, prevents maverick spend, and drives savings — faster than you think. Procurement: Build stronger relationships with suppliers, store contracts, and simplify requests for employees. AP & Payments: Save time with AI-powered OCR, 3-way matching, and approval workflows. Close the loop by paying vendors directly from Precoro with virtual cards to ensure a seamless request-to-pay cycle. Spend Management: Seamlessly navigate budgets across locations and departments, manage expenses, and generate reports for insightful analysis. Supplier Management: Automate vendor onboarding and approval to mitigate possible risks. Connect Precoro with ERP systems like NetSuite, QuickBooks Online, Xero, and Sage, or build custom connections using a free API. Eliminate duplicate payments and manual document handling.

Platforms Supported

Windows Supported
Mac Supported
Linux Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Supported

Platforms Supported

Windows Supported
Mac Supported
Linux Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Supported

Audience

Finance teams requiring a platform to automate their processes and manage their transactions and financial data

Audience

Progressive small, mid-sized businesses and large enterprises across all industries worldwide that want full control over their purchases and payments, without a lengthy implementation.

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported

API

Offers API Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

$99 per month
Free Version Not Supported
Free Trial Supported

Pricing

$499/month
Whether you're a small business just starting out or a large enterprise with complex procurement requirements, we have a package designed to meet your unique needs. From purchase order management to vendor onboarding management, our packages are designed to help you achieve procurement excellence.
Free Version Not Supported
Free Trial Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software

Reviews/Ratings

Overall 5.0 / 5
ease 5.0 / 5
features 5.0 / 5
design 4.9 / 5
support 5.0 / 5

Pros & Cons from Real Users

Pros

  • Intuitive interface, functionality, customizability, complete spending visibility, ability to manage separate budget for each department.
  • The interface is very user-friendly. I like the dashboard with charts updating in real time. The number of requests, orders, and statutes are on one screen. Perfect!
  • We can create POs and add vendors to the database easily.
  • Precoro has a team of professionals, who are ready to help you any time you need. Only best recommendation for this product!
  • The simplest and most useful software, an easy way to track all items and keep them secure, perfect success customer team.

Cons

  • I think Precoro should have iOS and Android applications.
  • No issues with it really, everything works as intended.
  • Feeling great about the system, 100% satisfactory.
  • As for us, Precoro works well and meets all requirements, so we don't have any problems or concerns.
  • Everything works perfect. Couldn't be happier with the software.

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Training

Documentation Supported
Webinars Supported
Live Online Supported
In Person Supported

Company Information

Lightyear
Founded: 2017
United Kingdom
www.lightyear.cloud/

Company Information

Precoro
Founded: 2015
United States
precoro.com

Alternatives

Alternatives

DocuVantage OnDemand

DocuVantage OnDemand

Document Advantage
Agilico Verify

Agilico Verify

Agilico Workplace Technology

Categories

Accounts Payable Supported
AP Automation Supported
Procure to Pay Supported
Procurement Supported
Purchasing Supported
Vendor Management Supported

Categories

AI Procurement Supported
ESG Supported
ESG Reporting Supported
Expense Report Supported
Procure to Pay Supported
Procurement Supported
Purchasing Supported
Spend Analysis Supported
Spend Management Supported
Sustainability Supported
Vendor Management Supported

Procure to Pay Features

Billing & Invoicing Supported
Budgeting / Forecasting Supported
Compliance Management Supported
Contract Lifecycle Management Not Supported
Financial Reporting Supported
Integration Management Supported
Inventory Management Supported
Order Management Supported
Vendor Management Supported

Procurement Features

Asset Management Supported
Auction Management Not Supported
Bid Management Not Supported
Budget Management Not Supported
Catalog Management Supported
Contract Management Not Supported
Inventory Management Supported
Invoice Processing Supported
PunchOut Not Supported
Purchase Order Management Supported
Receiving Supported
Requisitions & Approvals Supported
Sourcing Management Not Supported
Spend Management Not Supported
Supplier Management Supported

Purchasing Features

Catalog Management Supported
Compliance Management Not Supported
Contract Management Not Supported
Inventory Management Supported
Invoice Processing Supported
PunchOut Not Supported
Purchase Order Management Supported
Requisitions & Approvals Supported
Sourcing Management Not Supported
Spend Management Supported
Supplier Management Supported

Vendor Management Features

Audit Management Not Supported
Contact Management Supported
Customer Database Not Supported
Self Service Portal Not Supported
Supplier Master Data Supported
Transaction History Not Supported
Vendor Maintained Profiles Supported
Vendor Managed Inventory Supported
Vendor Performance Rating Not Supported
Vendor Qualification Tracking Not Supported

Accounts Payable Features

Approval Process Control Supported
Bank Reconciliation Supported
Cash Management Not Supported
Check Writing Not Supported
Duplicate Payment Alert Supported
Fraud Detection Supported
General Ledger Entry Supported
Vendor Management Supported

Inventory Management Features

Alerts/Notifications Not Supported
Barcoding / RFID Not Supported
Forecasting Supported
Inventory Optimization Supported
Kitting Not Supported
Manufacturing Inventory Management Supported
Mobile Access Not Supported
Multi-Channel Management Not Supported
Product Identification Not Supported
Reorder Management Not Supported
Reporting/Analytics Supported
Retail Inventory Management Supported
Supplier Management Supported
Warehouse Management Not Supported

Procure to Pay Features

Billing & Invoicing Supported
Budgeting / Forecasting Supported
Compliance Management Supported
Contract Lifecycle Management Not Supported
Financial Reporting Supported
Integration Management Supported
Inventory Management Supported
Order Management Supported
Vendor Management Supported

Procurement Features

Asset Management Supported
Auction Management Supported
Bid Management Not Supported
Budget Management Supported
Catalog Management Supported
Contract Management Supported
Inventory Management Supported
Invoice Processing Supported
PunchOut Supported
Purchase Order Management Supported
Receiving Supported
Requisitions & Approvals Supported
Sourcing Management Supported
Spend Management Supported
Supplier Management Supported

Purchasing Features

Catalog Management Supported
Compliance Management Supported
Contract Management Supported
Inventory Management Supported
Invoice Processing Supported
PunchOut Supported
Purchase Order Management Supported
Requisitions & Approvals Supported
Sourcing Management Supported
Spend Management Supported
Supplier Management Supported

Vendor Management Features

Audit Management Supported
Contact Management Supported
Customer Database Supported
Self Service Portal Supported
Supplier Master Data Supported
Transaction History Supported
Vendor Maintained Profiles Supported
Vendor Managed Inventory Supported
Vendor Performance Rating Supported
Vendor Qualification Tracking Supported

Expense Report Features

Approval Process Control Supported
Invoice Management Supported
Multi-Currency Supported
Receipt Management Supported
Reimbursement Management Supported
Spend Control Supported
Time Tracking Not Supported
Workflow Management Supported

Spend Management Features

Approval Workflow Supported
Budgeting / Forecasting Supported
Expense Tracking Supported
Multi-Currency Supported
Prepaid Cards Supported
Procurement Management Supported
Receipt Management Supported
Spend Analysis Supported
Spend Control Supported
Supplier Management Supported

Sustainability Features

Audit Management Not Supported
Benchmarking Not Supported
Compliance Management Not Supported
Corrective Actions (CAPA) Not Supported
Emissions Management Not Supported
Employee Training Not Supported
Energy Management Not Supported
Incident Management Not Supported
KPIs Not Supported
Performance Metrics Not Supported
Stakeholder Engagement Not Supported
Supplier Management Supported
Waste Management Not Supported

Integrations

Microsoft Dynamics 365 Supported
Microsoft Dynamics 365 Business Central Supported
NetSuite Supported
QuickBooks Desktop Pro Supported
QuickBooks Online Supported
Sage 50 Supported
Xero Supported
AccountsIQ Supported
Exact Online Not Supported
Grainger Not Supported
HUBmis Supported
Microsoft Dynamics 365 Finance Supported
NetSuite OneWorld Supported
NetSuite SuiteCommerce Supported
OrderMate Supported
QuickBooks Commerce Supported
QuickBooks Enterprise Supported
Sage 100 Not Supported
Slack Not Supported

Integrations

Microsoft Dynamics 365 Supported
Microsoft Dynamics 365 Business Central Supported
NetSuite Supported
QuickBooks Desktop Pro Supported
QuickBooks Online Supported
Sage 50 Supported
Xero Supported
AccountsIQ Not Supported
Exact Online Supported
Grainger Supported
HUBmis Not Supported
Microsoft Dynamics 365 Finance Not Supported
NetSuite OneWorld Not Supported
NetSuite SuiteCommerce Not Supported
OrderMate Not Supported
QuickBooks Commerce Not Supported
QuickBooks Enterprise Not Supported
Sage 100 Supported
Slack Supported
Claim Lightyear and update features and information
Claim Lightyear and update features and information
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Claim Precoro and update features and information