Curing Accounts Payable headaches across the globe
Xelix supercharges the essential audit and control processes within Accounts Payable. Our customers achieve major cost savings, safeguard against fraud risk and develop best-in-class teams by automating manual processes and focusing on the good stuff. The Xelix Control Centre is a cloud-based application made up of five different modules:
Detect transactional risks
Proactive, real-time monitoring of your payables to flag duplicates, posting errors, overpayment risks and suspicious activity before your pay run.
Automate supplier statement reconciliations
An end-to-end workflow automating the tedious task of reconciling supplier statements.
Manage master vendor data
Daily monitoring of your master vendor file - alerting you to missing data, changes, and potential threats.
Intelligently resolve vendor queries
An intelligent ticketing tool that understands vendor emails, creates tickets and generates AI responses to relieve your team of major inbox-stress.
Build Accounts Payable reports
Easy to use, self-serve analytics and customised reporting dashboards for all things Procure-to-Pay.
ROI in year one
Through our free retrospective payment audit, ongoing overpayment prevention, optimisation of FTE resource and replacing recovery audits (and their fees), our customers enjoy upwards of 5x ROI in their first year.
Using AI and automation, Xelix speeds up heavily manual, time-consuming and error-prone processes. Teams are no longer wasting time correcting mistakes or enduring spreadsheet misery. On average, Xelix is 10x faster than our customers' previous processes.
By automating the tasks Accounts Payable teams hate, Xelix enables teams to focus on higher-impact, more engaging tasks. Our customers see their investment in Xelix as an investment in their people.
A new approach to old Accounts Payable problems
Xelix uses the latest in AI to analyse invoices, statements, emails, and master vendor data - acting as a supercharged assistant to your finance team. Xelix learns your invoicing patterns, can read all statement formats, looks for suspicious activity and understands the context of your vendors emails. The system does the heavy lifting, so your team doesn’t have to. Because Xelix is trained on your historic data, the accuracy and sophistication work out of the box. Xelix is your team's essential co-pilot.
- 60+ ALGORITHMS
- 40+ MACHINE LEARNING MODELS
- 10,000+ SEPARATE DECISION TREES
- 400+ DATA POINTS PER INVOICE
What our customers say
Accounts Payable Analyst
Achieving millions in cost-savings
“In the time we implemented Xelix, it highlighted $1.7m in historical duplicate payments. That’s errors our recovery firm didn’t spot. We’ve already recovered $540,000 of this. Now, we can catch AP processing errors before money leaves the business.”
Director - Global Accounts Payable
Monitoring BPO performance
“Previously, the BPO team used our in-house tool themselves. But they limited reporting, not wanting to highlight their mistakes. As we control Xelix ourselves, we now have more confidence in how they’re operating day to day."
Oil & Energy
Head of P2P, UK and Ireland
Enjoying a 25% drop in vendor queries
"We don’t have any horrendous manual work now. Such as having to contact the supplier and ask for a refund, monitor it, and manually update the system. And it takes less than half the time - It’s 2-3 times quicker so the team can use that time on other activities. We've also seen a 25% drop in vendor queries as a result."