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For Accounts Payable teams, supplier statement reconciliation has long been neglected and buried under more “urgent” tasks. With teams ...
Read more - Why supplier statement reconciliations are crucial for your business
For too long, Accounts Payable teams have relied on standard controls for common problems such as fraud risks or payment errors. However, ...
Read more - The 9 most common Accounts Payable problems (and their solutions)
In a time where organisations are transitioning to more digital processes, online data management and cloud-based solutions, the risk of ...
Read more - Invoice fraud detection: What is it and how can you spot it?
“UK SOx” has been one of the 2023 buzzwords for most finance departments in the UK. But what exactly is UK SOx and more importantly, what ...
Read more - UK SOx 2024: Compliance & Internal Audit Controls
What is master vendor management? Master vendor management is the practise of maintaining an accurate master vendor file so your business ...
Read more - Managing your master vendor file: Everything you must know
A year-end financial audit may seem like another daunting task on your to-do list, but it doesn't have to be. Beyond compliance, Accounts ...
Read more - How to prepare for your year-end Accounts Payable audit
There’s a new reality in manufacturing. And to survive it, you’ve got to treat your suppliers like gold. Driving down costs through the ...
Read more - The biggest Accounts Payable issues in manufacturing
Business process outsourcing companies (BPOs) have been riding a wave of opportunity for the past two years. And it’s about to get even ...
Read more - Four ways you can boost BPO profitability in F&A and drive more value for your customers
The procure-to-pay process can’t simply rely on trust between the Payee and Payer. A secure, information exchange process is required – one ...
Read more - Procure to Pay Guide to Secure Payments
Navigating challenging economic conditions like the US recession and the EU economic crisis calls for a judicious approach to every ...
Read more - Preventing duplicate invoices: everything you need to know
High competition and low-profit margins in retail mean every penny counts. So there’s no room for inefficiency in Account Payable in the ...
Read more - Three Accounts Payable problems undermining retail in 2022 (and how to fix them)
Accounts Payable (AP) is an integral part of any business as this is the base of your company’s relationships with key suppliers. However, ...
Read more - 6 ways Accounts Payable automation helps with setting your goals and objectives
Supplier statement reconciliation might not be high on your agenda - between making sure suppliers get paid promptly and fielding enquiries ...
Read more - What Accounts Payable teams should know about supplier statement reconciliation
You spoke and we listened. We asked Xelix customers what would be truly transformative for their overstretched Accounts Payable teams. And ...
Read more - The age of AI: Automated statement reconciliation
Outlining the Overpayment Story Last week saw the Southern District of New York release their judgement on one of the largest payment ...
Read more - Citibank’s $900 million dollar overpayment error
Your Master vendor file (MVF) exists in a constant state of change. Names, phone numbers, addresses, bank details and payment terms are not ...
Read more - 6 risks of working with a dirty Master Vendor File
Despite the marketing headlines, most – if not all – players in the duplicate invoice prevention market use rules-based tools to detect ...
Read more - Using AI to build world-leading duplicate invoice prevention software
The Accounts Payable function is heavily exposed to invoice fraud. AP teams dealwith high invoice volumes and vendor queries andoften don’t ...
Read more - The worst invoice fraud cases