What is Light and how does it work?
Light is an AI-powered accounting platform that unifies global financial operations in one automated system. Founded in 2022, Light uses artificial intelligence to automate bookkeeping, accounts receivable, accounts payable, and financial reporting. The platform processes 280 million records in under a second and reduces finance operations time by 84% compared to traditional ERPs.
Benefits of Integrating Light with Abacum
5 Key Integration Benefits
Automate actuals to planning workflows: Real-time sync of consolidated financial data from Light directly into Abacum's planning workspace, eliminating manual exports and data reconciliation
Run multi-entity operations with minimal headcount: Companies demonstrate running complete finance operations with just 2 FTEs by combining Light's automation with Abacum's strategic planning tools
Achieve instant financial consolidation: Light automatically consolidates multiple entities and currencies, providing Abacum with clean, unified data for accurate forecasting and scenario planning
Transform finance into a strategic driver: Free finance teams from manual bookkeeping and data entry to focus on analysis, planning, and business partnership using Abacum's collaborative workspace
Accelerate month-end close and reporting cycles: Light's sub-500-millisecond processing speeds combined with Abacum's automated reporting reduce close times from weeks to days
