Cleanse, optimise and secure your vendor data
Daily monitoring of your master vendor file - alerting you to missing data, changes and potential threats. Ensure your vendor data is up to date, complete and risk-free.
Energy Transfer keeps their ever-growing vendor data base clean with Xelix
Master vendor data management became quite the task for Energy Transfer's Accounts Payable team. Catch Jeff Santos, AP Analyst at Energy Transfer, on stage in Vegas, discussing how Xelix has helped the team gain back control over duplicate and inactive vendors.
Managing your master vendor file with Xelix is pain-free
For most companies, managing master data tends to be a reactive and manual process. Often it falls in the cracks between finance and procurement, without clear ownership. To reduce the risk of payment errors and fraudulent activity, it’s vital that master data is monitored regularly and kept up to date.
Xelix scans your vendor file every day to provide an intelligent, easy-to-use tool for proactive management of your master vendor file.
Why choose Xelix for master vendor data management?
-
Bolster your fraud controls
Your master vendor file is the dream destination for fraudsters. Get alerts when changes are made to vendor records - such as bank account changes or newly added vendors - so you can stop unauthorised activity in the moment.
-
Stop incorrect payments
A common cause for duplicate or incorrect payments is a messy master vendor file. Streamline your vendor database for more efficient management by identifying and cleansing duplicate, incomplete and inactive vendors.
-
Be proactive and take ownership
For many companies, managing master vendor data is a heavily manual and reactive process. Xelix helps your team get on the front foot by scanning your master vendor file every day to identify new risks and opportunities, enabling quick and easy management of your data.
“During COVID, our team were adding new vendors every day. Xelix’s Vendors modules has helped us go back and clean up our Master Vendor File and be more disciplined going forwards.”
Director, Business Process Owner AP/ T&E
Global Pharmaceutical Company
In case you need more convincing
How Energy Transfer cuts costs and boosts morale with Xelix
-
Fortune 500 company processing 500,000 invoices annually
-
$1.7M+ correctly identified in recoupable overpayments
-
$502k in overpayments successfully prevented

Oil And Energy
How Xelix saved Euro Car Parts £250,000 on day one
- ROI on day one
- 9 hours saved each week
- £9M+ saved so far

Retail

EG Group's P2P team saves £20m+ with Xelix
- £20m prevented in overpayments
- £750k identified in historic overpayments
- Vendor file optimised from 22k to 15k

Retail
Content that may catch your eye



