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Webinar: An Accounts Payable AI Success Story - How AI saved Energy Transfer $23.5 million and 200+ days a year

Hear from Jeff Santos, Lead Analyst Accounts Payable, on how implementing AI with Xelix saved millions in overpayments and audit fees. 

27 February 2024
3pm

Online

Energy-Transfer

The webinar at a glance

Energy Transfer, a Fortune 500 organisation, operates one of North America's largest and most diverse energy portfolios, with an annual turnover of $80 billion. With over 18,000 vendors across 49 countries, more than 500,000 invoices and 12,000+ vendor statements annually, Energy Transfer’s cash flow and vendor relations depend on efficient Accounts Payable processes and controls. Like many organisations, Energy Transfer was reliant on costly and time-consuming recovery audits, manual ticketing systems and unenjoyable labour-intensive processes.

By using AI to accurately identify and solve payment mistakes ahead of the pay run, reconcile supplier statements, cleanse master vendor data and generate management reports, the AP team has not only saved the company millions, but they’ve been able to shift their focus to add further value elsewhere in AP.

The webinar at a glance:

Join our webinar to hear from Jeff Santos, AP Analyst at Energy Transfer, who will be sharing his AP analysis, insights and experience around implementing AI, including how it’s:

  • Prevented $250k+ in recovery audit fees
  • Correctly identified $1.7 million in recoupable overpayments 
  • Accurately detected $23.5 million in overpayments and duplicate postings and $13M from being processed incorrectly

Use this link to register now: https://buff.ly/4aVNDxs

Hear from industry experts

  • Jeff Santos

    Lead Analyst Accounts Payable @ Energy Transfer

    In 2018, Jeff joined Energy Transfer and has since utilised his technical knowledge and education to implement new procedures and drive advancements in the company's AP department. His strong leadership skills and dedication to process improvement have propelled the AP department to new heights.
  • Paris Baker

    Lead Customer Success Manager @ Xelix

    Paris Baker heads up the Customer Success function at Xelix. She has a wealth of experience in customer service, account management and customer advocacy, and is passionate about creating meaningful relationships. Paris' role involves empowering Xelix customers and enabling them to drive huge value from their Xelix solution and achieve best-in-class performance.

Don't forget to check out our written customer stories.

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