Accounts Payable Processes

Top tips to smash through supplier statement reconciliation

Let's face it - reconciling supplier statements is one big headache. It's manual, time-consuming and unenjoyable. Catch our content below to discover how AP teams can automate, enjoy and smash through supplier statement reconciliations.

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Three Accounts Payable problems undermining retail in 2022 (and how to fix them)

Three Accounts Payable problems undermining retail in 2022 (and how to fix them)

High competition and low-profit margins in retail mean every penny counts. So there’s no room for inefficiency in Account Payable in the retail sector. Finance teams can’t afford to make mistakes – and business leaders need to understand the root cause of AP problems in order to prevent them.
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Here’s what high-performing Accounts Payable Managers know about supplier reconciliations (and you should too)

What Accounts Payable teams should know about supplier statement reconciliation

Supplier statement reconciliation might not be high on your agenda - between making sure suppliers get paid promptly and fielding enquiries about when they’re going to get paid, you haven’t got the time to speculatively match up thousands of documents and data points.
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Banish the bane of your AP existence: automated supplier statement reconciliation is here

The age of AI: Automated statement reconciliation

You spoke and we listened. We asked Xelix customers what would be truly transformative for their overstretched Accounts Payable teams. And they said ‘automated supplier statement reconciliation’.
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The problem with Accounts Payable – and how to fix it

The problem with Accounts Payable – and how to fix it

For too long, Accounts Payable teams have relied on standard controls to spot risks and avoid costly payment errors. But these traditional processes fail to prevent many types of fraud and overpayments, exposing organisations to serious risks. Indeed, some organisations lose a whopping 5% of their revenue to fraud and overpayments each year.
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