Case Study: Lightmatter achieves 12+ hours saved monthly with Concourse

How Lightmatter streamlined complex financial management and saved 12+ hours monthly with Concourse AI

Lightmatter, a deep tech company specializing in photonics, faced significant challenges in financial reporting due to its rapid growth and complex R&D operations. Their finance team was spending excessive time on manual processes for variance analysis, vendor consolidation, and departmental reporting, which were prone to error and could not keep pace with the company's scaling needs. To address this, they turned to the vendor Concourse and its AI agents.

Concourse implemented its AI-powered platform, which integrated seamlessly with Lightmatter's NetSuite instance. The solution automated complex analyses, transforming manual investigation into conversational queries that delivered deep, transaction-level insights. This resulted in a 90% reduction in manual work, saving the team over 12 hours monthly. Furthermore, Lightmatter now generates strategic insights twice as fast, enabling smarter and faster decision-making across the business.

Lightmatter

Justin Hammergren

Head of FP&A