LightYear Group chair, director, and founder Grant Abbott said Jeffriess brings a wealth of experience in the accounting and advisory industry and c-suite roles covering leading teams, mergers and acquisitions, and governance.

“Importantly Michael has vast experience in both capital raising and ASX listing,” said Mr Abbott.

With Jeffriess’ appointment, there have been changes to the leadership structure of the company. Grant Abbott has been appointed as head of legal, Ashleigh Jaremyn as head of operations, product and development and Ben Gill as head of sales and marketing.

Abbot, Jaremyn and Gill will report to Mr Jeffriess as chief executive under each of their respective executive roles.

Separate from this, all four will maintain their director roles on the board for which Mr Jeffriess will report from an executive function.

LightYear Group recently completed a successful capital raise from existing and new investors. The funds will be utilised to further develop the platform, bolster sales and marketing initiatives and explore new market opportunities with potential M&A activity currently underway.

Jaremyn said that the company was currently in an exciting development phase with several integrations and new workflows to be launched in the first quarter of 2023.

“These include a brand-new integration with BGL CAS360 and other BGL products, internal data synchronisation and step-by-step workflows enabling users to be guided through single and multi-document creation processes,” she said.

These latest developments follow the introduction of a new subsidiary to the company last year, LightYear Training Group which offers a range of education options from short three-hour courses to semester-long accreditations.

Abbott will be looking after content, training and development and overseeing the success of this important part of LightYear Group. LYTG will be formally launched next month.