Rec Composer adds more customisation to your supplier statement recs, giving your team even more time back.
At Xelix, continuous improvement is at the core of what we do. Our mission is to build the future of Accounts Payable controls – using agentic AI to power automation as a key part of that process.
Completing supplier statement reconciliations manually is a tedious and time consuming process. Deprioritising it means issues go unnoticed until they're more problematic - especially when you miss out on money owed to you via credit notes. Ultimately, your financial planning and cash flow take a hit.
Why reconcile with Xelix?
Xelix Statements is an end-to-end agentic workflow automating the tedious task of reconciling supplier statements. By harnessing Machine Learning models, Large Language Models (LLMs) and rule-based algorithms, Xelix identifies and extracts the information from vendor statements and automatically reconciles it to your ERP data.
The combination of AI models used in Statements enables Xelix to not only learn but advise you about the status of your reconciliation. Instead of endless investigations, we’ll tell you when you’re missing invoice copies, where your invoices are stuck or even when you’ve got a mismatch in amount and vendor. You’ll be saving your time whilst we save you money by uncovering millions in missed credit notes.
What's new in Statements?
We’ve introduced Rec Composer, an upgraded reconciliation workflow in Xelix Statements. Rec Composer integrates all reconciliation steps, features and editing tools into one singular page. With faster recs and single-page view, your recs now require less manual input and bring you closer to touchless reconciliation.
You can now:
Upload & reconcile multi-currency statements
Why is this important?
Save time by reconciling multi-currency accounts in a single comprehensive view.
Bulk upload and reconcile multiple Excel files
Why is this important? Process reconciliations for multiple vendors and rec vendor groups in one go - no more dreading month-end recs.
Adjust statements with the rotation icon
Why is this important?
Quickly adjust statement layouts to read data without flipping back and forth.
Review and exclude rows from your rec
Why is this important?
Exclude rows irrelevant to your reconciliation so we can focus on getting you the data you need.
Reconcile without a statement for an audit trail
Why is this important?
When a vendor confirms you have a nil balance with them, Xelix will automatically produce a zero balance statement within the system so you have, ensuring everything’s audit-ready.
These are just a few examples of some of the new features in our upgraded reconciliation workflow. Free your team of tedious tasks and complete faster recs with Xelix's fully-automated tool.
Our touchless automation journey
These updates are part of our ongoing commitment to make Xelix smarter, more intuitive and better aligned with the needs of modern Finance teams. Statement's Rec Composer uses agentic AI to action you to resolve your statement reconciliations - reducing costs and freeing up your team for higher-value work.
And we’re not stopping here. Our team is constantly shipping new features to help AP teams move faster, reduce manual tasks and focus on what really matters.
Get in touch to see how Xelix can help your team lower FTE dependency and prevent financial leakage from missed credits and overpayments.
