When you want to use Light - and have a finance partner who can keep up

Most SaaS and tech companies start with a simple accounting system like Dinero or Billy. It works fine in the beginning, but when you scale – with several legal entities, international customers, complex revenue recognition and consolidation – you quickly hit the limitations of legacy systems such as NetSuite, SAP or QuickBooks.

Typical challenges we see with our customers:

• Manual handling of consolidation across multiple companies
• Time-consuming bank reconciliations and supplier payments
• Lack of a real-time overview of the financial situation
• Difficulty scaling the finance function without hiring more employees
• Fragmented systems that don't talk to each other

This is where Light (light.inc) comes into the picture as a completely new approach to financial infrastructure.

Light is an AI-native financial platform built in Copenhagen, which replaces traditional ERP and accounting systems with one unified solution. The platform is designed from the ground up to handle the complexities of modern, fast-growing businesses – without the compromises that come with legacy software.

Light's core modules include:

• General Ledger – An intelligent ledger system that can process 280 million entries in less than one second
• Accounts Receivable & Accounts Payable – Automated accounts receivable and accounts payable
• Financial Reporting & Consolidation – Real-time consolidation and reporting across entities and currencies
• Expense Management – Streamlined expense management
• Revenue Recognition – Automatic revenue recognition in accordance with applicable accounting standards
• Bank Reconciliation – Automatic bank reconciliation
• Global Payments – International payments directly from the platform

Light also integrates with the systems you already use – including Salesforce, HubSpot, JP Morgan and Adyen – so that your entire financial ecosystem is connected.

While Light is a powerful platform, technology alone is rarely enough. A new accounting system requires correct setup, ongoing maintenance of the chart of accounts, quality assurance of data and, not least, an understanding of Danish accounting legislation and tax matters.

This is exactly where Ekstern CFO comes in as your finance partner. We make sure that Light is set up correctly from day one, and that you get the full benefit of the platform – combined with the professional knowledge and human judgement that no AI system can replace.

When you choose Ekstern CFO as your finance partner for Light, you get:

• Implementation and setup - We configure Light for your specific needs, chart of accounts and reporting structure
• Ongoing bookkeeping and quality assurance - We make full use of Light's automation, but always ensure human review of the final accounts
• Consolidation and reporting - With Light's real-time data, we deliver reports that give you an up-to-date and accurate picture of the business
• Tax compliance - We handle VAT, tax, payroll tax and other reports in accordance with Danish legislation
• Strategic financial consulting - We use the insights from Light to advise you on cash flow, budgeting and financial planning

Companies using Light report a reduction in the financial workload of up to 84%. Together with Ekstern CFO's professional expertise, this means that you can scale your finance process without scaling the size of your finance department.

Our combination of the Light platform and external financial management is particularly relevant for:

• Growing SaaS companies with complex revenue recognition and international sales
• Tech startups with investors who require accurate and transparent financial reporting
• Multinational corporations that need consolidation across multiple legal entities
• Companies that migrate from NetSuite, SAP, QuickBooks or other legacy systems
• Scaling companies that want a future-proof financial infrastructure without building a large internal finance department

At Ekstern CFO, we believe that the best finance function combines advanced technology with deep professional understanding. With Light as the technological foundation and our team of experienced finance professionals as your advisers, you get a solution that is:

• Scalable – Light handles everything from the start-up phase to enterprise level
• Automated – AI-driven automation of routine tasks frees up time for strategic work
• Compliant - We ensure compliance with Danish accounting legislation, IFRS and other relevant standards
• Integrated - Light connects with your existing tech stack
• Transparent - Real-time data always gives you an updated picture of your finances

Light has raised $43 million in funding from investors like Balderton Capital and Atomico – the same funds that have backed companies like Spotify and Supercell. This underlines the platform's level of ambition and long-term viability.

Are you considering using Light - or do you already have the platform and need a financial partner who understands it? We would be happy to help you get started.

Contact us for a no-obligation conversation about how Light and Ekstern CFO can strengthen your finance function.

You can also read more about our other services:

• Bookkeeping and payroll – The daily bookkeeping and payroll management
• Controlling and reporting – Quality assurance and financial reporting
• Automation and integration – Optimizing your processes with the right system integrations
• Financial consulting – Strategic advice to decision makers