Comparison · Light vs Wafeq
Light vs Wafeq
Wafeq is accounting and e-invoicing software for businesses and accountants, with invoicing, ZATCA Phase 2 e-invoicing, inventory, payroll and consolidated group reports. Light is one agentic ledger for multi-entity companies, with cards, supplier payments, billing and consolidation in the same books.
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Light and Wafeq, compared
| Feature | Light | Wafeq |
|---|---|---|
| General ledger and accounting system of recordWafeq: accounting and e-invoicing software with its own books and over 40 financial reports | Yes | Yes |
| Multi-entity accounting and consolidationWafeq: separate books per company, consolidated statements, and intercompany eliminations posted to a group ledger | Yes | Yes |
| Multi-currency accountingWafeq: invoices, bills and bank accounts in foreign currencies, with automatic exchange rates | Yes | Yes |
| Accounts payable and vendor bill payWafeq: bills are approved and posted in the books, and paid through a connected Wio bank account | Yes | Yes |
| Corporate and virtual cardsWafeq: connects to card and spend partners such as SiFi, Alaan and Pemo | Yes | No |
| Agents that complete work, not only suggestWafeq: an inbox agent prepares draft bills and expenses for you to check and approve | Yes | No |
| Subscription billing and deferred revenueWafeq: revenue billed upfront is recognised month by month from unearned revenue | Yes | Yes |
4 week implementation
KPMG global partnership
Remove 4+ tools
700+ apps
The world's most demanding finance teams run on Light.
Pay suppliers from the ledger
Wafeq records and approves bills, and pays them through a connected Wio business account. Light pays approved bills from your own bank accounts, straight from the ledger.
- 01
Cards built into the books
Wafeq connects to card and spend partners such as SiFi. Light issues corporate and virtual cards with Apple Pay and Google Pay, and the spend posts to the same ledger as everything else.
- 02
Consolidate as transactions post
Wafeq keeps separate books per company and consolidates on top of them for a selected period. Light holds every entity on one ledger and posts consolidation and intercompany eliminations as transactions happen.
When to choose Light
- 01
Pay suppliers from the ledger
Approved bills pay from your own bank accounts on local rails in 80+ countries.
- 02
Cards and expenses built in
Spend posts to the same ledger as everything else.
- 03
Less close to run
Consolidation posts as transactions happen, so the period end has less to reconcile in the first place.
Trusted by the world's
fastest growing companies
See how finance teams run lean and global on Light.
Read customer stories-
“We evaluated several vendors. Light won because it covers our full finance stack, revenue, AR, AP, expenses, and consolidation, without stitching together a patchwork of point solutions.”
Tanja, Director of FinanceOmnea -
“Even though we’re three entities, it’s like I’m running a finance department for one entity.”
Thobias, Finance ManagerAlva Labs -
“I really like that Light’s AI already gives me suggestions, GL accounts, cost centers, tax codes. I don’t have to start from scratch.”
Cédric, Finance ManagerOper Credits -
“Nine times out of ten the AI matches everything and posts it to the right account. One click and you’re done.”
Jeppe, CFOKeyShot
Built for the daily work
Bills through to payment
Capture invoices, route approvals and pay vendors from the same system.
Room to grow
One ledger built to handle billions of transactions across your business.
Trace every number
Open a report and drill straight into the transactions behind it.
Spending, under control
Expenses, vendors and cards connected to your ledger.
Expenses
Collect receipts, approve expenses and track spend as it happens.
Vendors
Keep supplier details, bills and approvals together. Apply your purchasing rules as work moves through.
Cards
Issue cards for employees and vendors. Pay with Apple Pay or Google Pay. Send receipts through Slack, Teams or email.
Frequently asked questions
Is Wafeq a general ledger?
Yes. Wafeq is accounting and e-invoicing software with its own books, invoicing, inventory, payroll and over 40 financial reports. Light is also the general ledger, with cards, supplier payments and agents built in.
Does Wafeq consolidate entities?
Yes. It keeps separate books per company and consolidates on top of them, with eliminations posted to a group ledger. Light consolidates every entity on one ledger as transactions post.
When does Wafeq fit?
When your business runs mainly in the Gulf or Egypt and you want invoicing, ZATCA e-invoicing, payroll and inventory in one accounting product, in Arabic and English.
Does Light issue cards?
Yes. Light issues corporate and virtual cards with Apple Pay and Google Pay, and the spend posts to the same ledger as the bills and the accounts.
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