1. News
May 14, 2024

Access Group to acquire finance automation solutions provider Lightyear

The firm’s all-in-one portfolio of finance automation solutions helps in automating manual, time-consuming and error-prone tasks to enable customers to focus on value-adding initiatives to expedite their growth and reduce costs

Business management software provider Access Group has agreed to acquire accounts payable (AP) automation company Lightyear.

Established in 2017, Lightyear is a cloud app developed to automate large, small and medium enterprises (SMEs) and enterprise-level purchasing, accounts payables and expenses processes.

The firm’s all-in-one portfolio of finance automation solutions helps in automating manual, time-consuming and error-prone tasks to enable customers to focus on value-adding initiatives to expedite their growth and reduce costs.

Through the acquisition of Lightyear, Access Group aims to extend its offering in enterprise resource planning (ERP) software across the world. The company also plans to modernise the purchasing and AP customer experience.

Besides, Lightyear is expected to provide an end-to-end integrated solution for customers that manages the spending needs of businesses by focusing on efficiency, control and visibility.

Lightyear CEO Chris Gregg said: “Joining the Access Group is a tremendous milestone for our team and our customers. Together we can innovate faster and deliver more benefit to our mutual customers.

“I have been thoroughly impressed with their customer focus, ambition and culture. We are excited to be joining their mission”.

Access Group’s ERP division caters to small, growing and medium to large businesses, with custom solutions in a wide range of industry verticals, including construction, waste management, professional services, supply chain, and facilities management.

The Access ERP software also helps customers to optimise their operations and enables data sharing easily across different business operating systems.

Access ERP managing director Claire Carter said: “The proven success and innovation of the Lightyear team excite us and show huge potential for the future of this world-class product in conjunction with the other solutions we provide today. 

“Following completion of regulatory reviews, we will be delighted to welcome Lightyear into our Access ERP eco-system.”