Your finance intelligence layer

Protect pulls data from the ERP and P2P tools and performs a real-time audit across 100% of supplier invoices and master data. This means that overpayment and fraud risks can be identified and resolved before the pay run. Our sophisticated machine-learning approach means that the platform is constantly learning, and time isn’t wasted investigating a large number of false positives. Depending on your process, Xelix can be used at various stages of the invoice journey, either before or after invoices have been matched and approved.

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Nothing gets missed

From simple data entry errors to complex fraud attacks, Xelix spots a wide range of errors, inconsistencies and suspicious activity. Findings are prioritised with a simple risk-rating system.

Tailored to your business

Using Machine Learning, Xelix learns the nuances and rules of each customer, resulting in industry-leading accuracy that keeps improving over time.

Benefits

Protect working capital by preventing incorrect payments.

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Improve control by auditing 100% of supplier invoices.

Save time by automating manual audits.

Reduce risk with constant vendor file analysis.

Gain protection across multiple divisions/systems.

Easily identify AP process improvement opportunities.

Xelix helps to mitigate the risk of

FRAUD

Fraud

Fraud attacks can come in many forms; from suppliers inflating invoice values, to employees re-directing funds or phishing attacks from 3rd party hackers. The Xelix platform has a range of fraud detection capabilities, from looking for unusual invoicing patterns, to tracking new vendors or changes to bank details. Xelix is your first line against fraud.

DUPLICATE INVOICES

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Duplicate Invoices

Whether human “keying” errors or OCR/automation mistakes, Xelix will identify a wide range of discreet and hard to spot duplicate invoice postings, whilst minimising the noise of false positives. Our machine learning approach goes far beyond ERP or other rules-based controls.

INVOICE ERRORS

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Invoice Errors

The Xelix platform uses advanced anomaly detection to spot a range of invoice errors including VAT issues, currency violations, incorrect payment dates, unusual invoice amounts and vendor posting errors.

BAD DATA

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Bad Data

It’s best practise to maintain clean and up to data master vendor data to prevent the risk of errors and fraud. Xelix performs constant monitoring of the vendor file, flagging issues such as duplicated and inactive vendors allowing for regular and easy vendor file management.
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“We previously did duplicate checks manually by extracting listing from our ERP SAP system. Xelix checks multiple fields (unlike SAP) and therefore adds an extra level of control. A lot of admin work is saved in addition to the financial benefits of stopping duplicate payments or payments to wrong suppliers.”
Head of Finance Shared Services, McBride

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