Xelix Review
What is Xelix?
Xelix is an account payable auditing solution for chief finance officers, account payable and procure-to-pay teams, and shared services centers to protect your bottom line and boost efficiency. Xelix uses machine learning models and algorithms so finance teams can implement automated and intelligent account payable data auditing and reporting.
Xelix instantly gathers and audits account payable and master vendor data from your ERP systems. It can detect data entry errors, inconsistencies, duplicate invoices, duplicate vendor records, anomalous or suspicious activities, and fraud attacks. You can identify and solve issues before payments are processed.
The AP automation solution also includes a business intelligence tool that aids you and your finance teams to efficiently and proactively draw insights from account payable and procure-to-pay data. The tool collects pieces of data from different entities and systems and consolidates them into automated AP reports. Moreover, it’s built with useful features such as the capability to drill down into source data, apply root-cause analysis, and forecast working capital.
Show MoreOverview of Xelix Benefits
Payment Risk Mitigation
Xelix helps finance teams discover and address issues in account payable and procure-to-pay data without wasting their time on false positives. You’ll identify and mitigate various types of payment risks that might impact your organization’s working capital and revenue. The software uses an AI-powered risk detection technology that goes beyond the capabilities of systems applying rules-based anomaly detection methods.
It detects invoice issues caused by human or system errors. For instance, you’ll immediately spot errors in invoice data like wrong payment dates, unusual amounts, and currency and VAT issues. Xelix finds duplicate invoices and vendor posting errors as well.
You can also guard your bottom line from fraud risks. Thus, you’ll be aware of instances where suppliers increase invoice amounts, employees redirect payments, or hackers launch phishing attacks. You can protect your master vendor data from the risk of errors, fraud, and threats through continuous vendor file monitoring and analysis too.
Real-Time Financial Insights
With Xelix’s business intelligence system, you and your finance teams can produce valuable insights from account payable and procure-to-pay data in real-time. To streamline your decision-making process, Xelix allows you to access all the AP and P2P data you need in one place. You can generate automated and customizable reports that provide retrospective and prospective insights into your data.
The tool lets you apply predictive analytics and scenario analysis to evaluate the possible impact of different payment term situations on the organization’s working capital. Additionally, by tracking DPO or days payable outstanding ratio, you’ll assess how well your organization performs in managing supplier payments.
Finance Team Efficiency
The account payable automation solution was designed to improve the efficiency of finance teams. They can audit supplier invoices and generate financial insights faster. They don’t need to deal with large volumes of false positives and organize data in spreadsheets.
Xelix permits them to automatically spot underlying errors, threats, and risks in their invoice data. Real-time audits can be run at different stages of the invoice process, encompassing invoice receipt, invoice posting, invoice matching and approval, and payment processing. Finance teams can also easily consolidate data from multiple systems and departments and build and update custom reports.
Show MoreOverview of Xelix Features
- AP & P2P Data Auditing
- AI-Based Anomaly Detection
- Risk Identification
- Fraud Detection
- Invoice Errors
- Duplicate Invoices
- Vendor File Monitoring
- ERP System Integration
- Financial Intelligence
- Prebuilt/Custom Reports
- Data Consolidation
- Working Capital Optimization
- Supplier Payment Performance
- Spend Analysis
Awards & Quality Certificates
Xelix Position In Our Categories
Since businesses have distinctive business demands, it is only wise they abstain from preferring a one-size-fits-all, ideal software. However, it would be hard to find such application even among popular software systems. The practicable thing to do can be to shortlist the various main functions which merit investigation such as essential features, pricing, skill aptitude of staff members, business size, etc. Thereafter, you should conduct your product research to a full extent. Go over some of these Xelix evaluations and explore the other software options in your list in detail. Such comprehensive product research ascertains you take out poorly fit apps and pay for the system which has all the aspects your company requires for success.
Position of Xelix in our main categories:
TOP
100
Xelix is one of the top 100 Procurement Software products
There are well-liked and widely used systems in each software group. But are they necessarily the best fit for your organization’s unique needs? A market-leading software solution may have thousands of subscribers, but does it offer what you need? For this reason, do not blindly shell out for popular systems. Read at least a few Xelix Accounts Payable Software reviews and consider the aspects that you wish to have in the software such as the price, main features, available integrations etc. Then, choose a few solutions that fit your requirements. Try out the free trials of these products, read online reviews, get explanations from the seller, and do your investigation meticulously. This profound homework is certain to help you select the best software solution for your company’s specific needs.
How Much Does Xelix Cost?
Xelix Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
What are Xelix pricing details?
Xelix Pricing Plans:
Free Trial
Quote-based Plan
Contact vendor
Xelix’s enterprise pricing information is available only on request.
User Satisfaction
Positive Social Media Mentions
114
Negative Social Media Mentions
5
We are aware that when you decide to get a Accounts Payable Software it’s crucial not only to learn how experts score it in their reviews, but also to discover whether the real people and companies that use these solutions are genuinely content with the service. Because of that need we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Xelix reviews across a vast range of social media sites. The data is then featured in an easy to digest format showing how many people had positive and negative experience with Xelix. With that information at hand you should be ready to make an informed purchasing choice that you won’t regret.
Video
Technical details
Devices Supported
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Xelix?
Xelix integrates with the following ERP systems:
- Microsoft Dynamics
- SAP
- Sage
- Oracle
Xelix
is waiting for
your first review.
Write your own review of this product
ADD A REVIEWMore reviews from 0 actual users:
Join a community of 7,369 SaaS experts
Thank you for the time you take to leave a quick review of this software. Our community and review base is constantly developing because of experts like you, who are willing to share their experience and knowledge with others to help them make more informed buying decisions.
Sign in with LinkedIn
Why we require LinkedIn?
- Show the community that you're an actual user.
- We will only show your name and profile image in your review.
- You can still post your review anonymously.
OR
Sign in with company emailSign in with company email
Popular Xelix Alternatives
Top Competitors To Xelix By Price
Product name:
Price:
Trending Accounts Payable Software Reviews
Xelix Comparisons
Product name:
Page last modified
Did you find this review useful?
Yes
No
Thank you for your feedback
How can we make this page better?
Unsure about this software?
FIND ALTERNATIVES
Why is FinancesOnline free?