Transactions

Prevent incorrect payments and save millions

Real-time AI monitoring of your Accounts Payable data to flag duplicate invoices, posting errors, overpayment risks and suspicious activity before your pay run. 
Xelix Transactions module
  • Audit 100% of transactions proactively
  • Enjoy 98% less manual effort
  • Save £2M for every £10B of spend
  • See immediate ROI from historic audit

What your peers are saying about our Transactions solution

Protect your cash flow with proactive payment auditing

Xelix audits your transactions in real-time, keeping your bottom line healthy and your reputation intact. 
Step one

Audit transactions in real time

Using our proprietary AI, Xelix reviews 500+ data points per invoice to accurately identify threats and errors in the moment.

Our AI and Machine Learning approach delivers unrivalled accuracy, preventing your team wasting time on false positives. 

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Step two

Prioritise investigation

Xelix sorts exceptions by risk-rating and includes all the relevant information for quick and easy investigation. Customised, real-time email alerts can be configured as required to ensure nothing gets missed.
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Step three

Assign tasks

Team leaders can review issues and assign items to team members to manage, update and resolve.
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Step four

Track and report on audit activity

Get immediate access to insights through Xelix’s pre-built reports or build your own through our easy-to-use reporting suite. Track activity and trends, as well as identify process improvement opportunities.
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Why audit your payables with Xelix?

  • See instant ROI with a historic payments audit

    On day one, we flag two years+ of historic overpayments you can go on to recover. This exercise typically pays for Xelix many times over. 

  • Save up to £2M per £1B of spend by spotting duplicates in their tracks

    Our AI detects hard to spot duplicate postings across multiple systems, before your pay run. We ensure nothing slips through.

  • Eliminate invoice errors and drive process improvements

    Around 1% of invoices contain errors Xelix identifies the root cause of these errors enabling AP teams to proactively solve issues, drive process improvements and improve efficiency. 

  • Protect your cashflow and stop using expensive recovery audits

    Audit 100% of spend in real-time, report balances accurately and stop paying fees to recovery audit firms. 
  • Stay in control with centralised AP visibility

    Whether you're migrating ERPs or managing multiple systems, Xelix provides full visibility and protection across all your payables, especially during high-risk periods.

  • Protect your reputation and strengthen supplier relationships

    Pay invoices accurately and on time by conducting pre-payment audits - remove the need for delays or post-payment disputes. 

What you can achieve with Xelix in 90 days

  • By day 30

    Get started

    • Connect Xelix to your ERP, AP systems and email inbox
    • Train and onboard all users (unlimited users at no extra cost)
    • Analyse historic results to surface previous overpayments
    • Train Machine Learning models to your data
  • By day 60

    Drive change

    • Initiate recovery for overpayments spotted in historic analysis
    • Use insights from historic audit to spot process and training gaps and start driving improvements
    • Monitor platform daily for duplicates and posting errors as part of your standard workflow
    • Identify clear trends and perform root cause analysis of payment and posting errors
  • By day 90

    See results

    • See ROI through recovery of lost funds spotted in historic audit
    • Protect future cashflow by proactively preventing duplicate and overpayments 
    • Optimise accuracy rates with self-learning Machine Learning models
    • Complete first Business Review with your Customer Success Manager to reflect on Xelix value, results and experience

FAQs about proactive payment auditing

Not found the answer you're looking for? Get in touch

Xelix saves FM Conway 10-12 weeks of AP audit time

FM Conway shares that Xelix's Transactions modules saves them 10-12 weeks of audit time per year, whilst providing management with 100% assurance that all payments are correct.

By enhancing and automating their AP controls with Xelix, FM Conway can ensure Prompt Payment Code compliance, protect their cash flow and spend time on value-adding initiatives, whilst Xelix takes care of proactive transaction audits, supplier statement reconciliations and AP/P2P reporting.

In case you need more convincing

Saint Luke’s Health stops AP recovery audits and saves $12m

  • $11.8m prevented in duplicate payments 
  • $258k identified in historic overpayments
  • 15x more cost effective than previous recovery audit firm   
Read the full story

Healthcare

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

Read the full story

Oil And Energy

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   
Read the full story

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