Automate statement reconciliation

An end-to-end workflow automating the tedious task of reconciling supplier statements.

CH&CO drives 90% cost savings with Xelix's Statements module

By bringing supplier statement reconciliations back in-house, the CH&CO team has achieved a 90% cost saving. Due to the speed and coverage of Xelix's platform, they are now reconciling 9x the volume of statements that they were previously outsourcing. Becci Smith, AP & AR Controller at CH&CO shares a little around her experience working with the Xelix team and what the future looks like working together.

Reconciling statements in Xelix is a breeze

Completing vendor statement reconciliations at scale has always been a major challenge given the manual and time-consuming process. As a result, this task is often de-prioritised or only completed for the largest vendors. However, with Xelix you can fully automate this process and reconcile 100% of vendor statements in no time at all.

On average, our customers experience a 10x faster reconciliation process, a 25% drop in vendor queries and a much more efficient external audit process - usually completed in less than half the time.

Why choose Xelix for vendor statement reconciliation

From repetition to recognition 👀

Our customers love doing recs. What used to take hours, takes minutes with Xelix. Get time back to focus on high-impact tasks that support your professional development.
Keep your vendors smiling 😊

Automate statement reminders, auto-reconcile in minutes and keep your vendors up to date in the click of a button. Enjoy a big drop in vendor queries, and easily resolve the few you do get.
Boost your bottom line 🚀

Catch missed credit notes and spot invoice posting errors to protect your cash flow. Save your organisation hundreds of thousands on costly third-party statement audits.
Report with  confidence 📈

Reconcile 100% of vendor statements and report your payables balances accurately, and on time, each month.
Be best-in-class 💪

Increase payments on time, reduce errors, ensure compliance. Beat the benchmark and showcase your success with real-time performance dashboards.
Say goodbye to audit anxiety 👋

Auditors love Xelix. Our simple interface means your auditors can seamlessly navigate the Xelix platform and access your full audit trail. Leave them to it whilst you get on with the rest of your to-do list.

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Your statement reconciliation workflow with Xelix

Step One

View all inbound statements in your mailbox with Xelix

Our AI scans your inbound emails to determine emails that contain statements, automatically uploading them into Xelix. Alternatively, users can upload statements manually.