Lightyear
Lightyear is a specialized procurement and accounts payable automation software designed to help you eliminate manual data entry and streamline your entire invoice approval workflow through a centralized cloud-based platform.
Sakon
Sakon is a comprehensive platform for managing enterprise communications, mobile devices, and cloud services to help you control costs and orchestrate complex global connectivity and technology lifecycles.
Quick Comparison
| Feature | Lightyear | Sakon |
|---|---|---|
| Website | lightyear.ai | sakon.com |
| Pricing Model | Subscription | Custom |
| Starting Price | $99/month | Custom Pricing |
| FREE Trial | ✓ 30 days free trial | ✘ No free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2017 | 2003 |
| Headquarters | Belfast, United Kingdom | Concord, USA |
Overview
Lightyear
Lightyear provides you with a comprehensive automated accounts payable and procurement solution that removes the headache of manual data entry. You can capture data from invoices and receipts with 100% accuracy using its advanced extraction engine, ensuring your financial records are always precise. The platform allows you to create custom, multi-tiered approval workflows so that the right people see the right documents at the right time, preventing payment delays and unauthorized spending.
You can also manage your entire procurement cycle by creating purchase orders that automatically sync with incoming invoices for instant three-way matching. This helps you maintain tight control over your budgets and inventory levels across multiple locations. Whether you are a small business or a large enterprise with complex entity structures, you can integrate Lightyear directly with your existing accounting software to keep your general ledger updated in real-time.
Sakon
Sakon provides a centralized platform to help you manage the entire lifecycle of your enterprise communications and connectivity. You can gain full visibility into your global telecom spend, mobile assets, and cloud services from a single pane of glass. The software automates complex workflows like procurement, inventory tracking, and invoice processing, allowing your IT and finance teams to eliminate manual errors and reduce unnecessary overhead.
You can use the platform to optimize your mobile fleet through automated provisioning and support, while also auditing telecom invoices to recover overcharges. It is designed specifically for large enterprises with complex, global footprints that need to scale their digital transformation efforts without losing control of their budget. By consolidating fragmented data into actionable insights, you can make smarter decisions about your technology investments.
Overview
Lightyear Features
- Automated Data Extraction Extract line-item data from invoices and receipts automatically with high precision to eliminate manual typing errors.
- Multi-Tiered Approvals Set up custom approval rules based on department, project, or price to ensure every expense is authorized.
- Purchase Order Matching Match incoming invoices against your purchase orders and goods received notes to verify you only pay for what you received.
- Real-Time Inventory Sync Update your inventory levels automatically as soon as invoices are processed to maintain accurate stock records across locations.
- Statement Reconciliation Reconcile supplier statements in seconds to identify missing invoices and ensure your accounts are always up to date.
- Mobile Document Capture Snap photos of receipts and invoices on the go using the mobile app for instant upload to your dashboard.
Sakon Features
- Telecom Expense Management. Automate your invoice processing and auditing to identify billing errors and recover costs across your global providers.
- Mobile Lifecycle Management. Manage your mobile devices from procurement to retirement with automated workflows for staging, kitting, and deployment.
- Cloud Governance. Track your cloud consumption and spend across multiple providers to ensure you only pay for the resources you use.
- Self-Service Portal. Empower your employees to order devices and manage their own connectivity needs through a branded, intuitive interface.
- Inventory Management. Maintain a real-time record of every circuit, device, and software license in your organization to prevent waste.
- Sourcing and Procurement. Streamline how you buy technology by managing vendor contracts and competitive bidding processes within a single platform.
Pricing Comparison
Lightyear Pricing
- Up to 100 documents per month
- Unlimited users
- Automated data extraction
- Standard approval workflows
- Accounting software integration
- Email and chat support
- Everything in Starter, plus:
- Up to 250 documents per month
- Advanced multi-tiered approvals
- Purchase Order matching
- Inventory management features
- Supplier statement reconciliation
Sakon Pricing
Pros & Cons
Lightyear
Pros
- Extremely accurate line-item data extraction saves hours
- Unlimited user seats allow for company-wide collaboration
- Seamless integration with Xero, QuickBooks, and NetSuite
- Intuitive interface makes it easy for non-finance staff
- Excellent customer support with fast response times
Cons
- Initial setup of complex approval rules takes time
- Mobile app features are more limited than desktop
- Pricing can scale quickly with high document volume
Sakon
Pros
- Excellent visibility into complex global telecom billing
- Highly customizable workflows for mobile device deployment
- Strong automation for repetitive invoice auditing tasks
- Centralized data helps consolidate fragmented vendor relationships
Cons
- Initial implementation requires significant time and data
- Reporting interface has a slight learning curve
- Custom pricing is geared toward larger enterprise budgets