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Accounts Payable AI Success Story

How Energy Transfer prevented $23.5M in overpayments with the help of AI

Like so many organisations with busy AP departments, Energy Transfer experienced common challenges which hampered performance in many ways. 

Jeff Santos, Senior Analyst - Accounts Payable, knew they must further automate its AP processes to reduce overpayments and save his team time.

To achieve his goals, Jeff turned to Xelix and has never looked back!

In this webinar we discuss Energy Transfer's switch from slow and costly processes to a seamless, proactive approach with Xelix.

Co-hosted by:

Jeff Santos, Senior Analyst - Accounts Payable at Energy Transfer
Alisa McPhail, Head of Marketing at Xelix
Paris Baker, Customer Success at Xelix

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The webinar at a glance

Energy Transfer operates one of the largest and most diversified portfolios of energy assets in North America. With 120,000 miles of pipeline across 41 states, the organisation turns over $80 billion.

A 60-strong finance team manages the entire P2P process. This involves around 18,000 vendors, more than 500,000 invoices, and 12,000+ vendor statements annually.

Such immense operations need efficient processes and stringent attention to detail. Vendor relations rely on this, as does protecting Energy Transfer’s cash flow.

In this webinar, we explore how with Xelix's AI powered solution, Energy Transfer:

  • Reduced statement reconciliations from 26 minutes per statement to eight minutes
  • Saved $250k+ in recovery audit fees
  • Identified $1.7 million in recoupable overpayments
  • Prevented $23.5 million in overpayments leaving the business

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