Resources for 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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Why supplier statement reconciliations are crucial for your business

For Accounts Payable teams, supplier statement reconciliation has long been neglected and buried under more “urgent” tasks. With teams constantly firefighting or stuck in AP inboxes, there’s little time to complete what is for many a manual and time-consuming process. Without automation, manual reconciliation drains resources and increases the risk of costly errors. However, skipping reconciliations can be costly. Undetected discrepancies, duplicate payments and invoicing errors lead to ...

The problem with Accounts Payable – and how to fix it

The 9 most common Accounts Payable problems (and their solutions)

For too long, Accounts Payable teams have relied on standard controls for common problems such as fraud risks or payment errors. However, these methods consistently fall short. Some organisations still lose a whopping 5% of their revenue to fraud and overpayments each year.

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.

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.

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’.

Top tips to smash through supplier statement reconciliation

Why supplier statement reconciliations are crucial for your business

The 9 most common Accounts Payable problems (and their solutions)

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

What Accounts Payable teams should know about supplier statement reconciliation

The age of AI: Automated statement reconciliation