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
Bearing in mind businesses have their own business-related requirements, it is only rational that they steer clear of deciding on an all-in-one, ideal solution. Just the same, it is nearly futile to try to come across such a software solution even among branded software systems. The rational thing to do is to shortlist the various key aspects that call for a inspection like key features, pricing, technical skill ability of the employees, business size, etc. Next, you must double down on the product research systematically. Go over some of these Xelix evaluations and explore each of the applications in your shortlist more closely. Such well-rounded product research ensure you take out unfit applications and choose the system that includes all the features your business requires to realize efficiency.
Position of Xelix in our main categories:
TOP
100
Xelix is one of the top 100 Procurement Software products
Each enterprise has its own characteristics, and may need a special Accounts Payable Software solution that will be fit for their company size, type of customers and staff and even specific industry they cater to. You should not count on locating a perfect app that will work for each company no matter what their background is. It may be a good idea to read a few Xelix Accounts Payable Software reviews first and even then you should pay attention to what the solution is supposed to do for your business and your workers. Do you require an easy and straightforward app with only essential features? Will you really use the complex tools required by experts and big enterprises? Are there any particular features that are especially beneficial for the industry you operate in? If you ask yourself these questions it is going to be much easier to get a trustworthy solution that will fit your budget.
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 make a decision to buy a Accounts Payable Software it’s important not only to see how experts score it in their reviews, but also to check whether the real clients and companies that purchased this software are indeed satisfied with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that aggregates customer reviews, comments and Xelix reviews across a vast range of social media sites. The data is then displayed in an easy to digest format showing how many people had positive and negative experience with Xelix. With that information at hand you will be ready to make an informed business choice that you won’t regret.
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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
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