AvidXchange vs Lightyear

AvidXchange automates accounts-payable work for middle-market businesses, including invoice processing, approvals, purchasing, and payments. AvidInvoice uses AI to extract invoice data, route invoices, support customizable approval workflows, and show status in real time. It supports two-way purchase-order matching and three-way matching with a receipt. AvidPay automates business bill payments while customers retain approval control and can track payment status. The company says it offers 240 accounting-system integrations, including Oracle NetSuite, Intuit QuickBooks, Microsoft, Sage, Acumatica, Blackbaud, MRI, and Yardi. Its AI is described as extracting invoice data with 99%+ accuracy, matching invoices to purchase orders, and recommending approval actions. Suppliers can check invoice and payment status through the AvidXchange Supplier Hub 24/7. The service supports web and API access, multi-entity use, approval workflows, purchase-order matching, and payment execution. AvidXchange describes layered security, fraud monitoring, multifactor-authentication support, and vulnerability management. Pricing is paid and available on request.

Lightyear is an accounts payable, purchase order and expense management platform for automating finance administration. It extracts invoice data, supports approval workflows and statement reconciliation, and keeps searchable documents for archiving and reporting. Teams can create and approve purchase orders, record goods received and match orders and receipt notes against supplier bills. Its iOS and Android apps support document capture, approvals and collaboration; mobile approvals require Double Approval or higher in company settings. Lightyear offers API and integration options for accounting software, ERPs and other finance systems, with an additional monthly fee possible depending on requirements. Essentials costs $199 a month for 125 credits, while Standard costs $319 a month for 250 credits. Exported invoices, supplier statements and purchase orders use one credit each; an employee expense report uses three. Browser uploads are limited to 10 MB and supported image and document formats. There is no free plan, but a 30-day trial is listed. The maker is based in Belfast, Northern Ireland.