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Xelix

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Xelix Company Overview Report



Company Overview


  • Name: Xelix

  • Mission: To build best-in-class solutions for Accounts Payable using the latest technology to drive real outcomes for customers.

  • Founded: 2018

  • Founders: No information is available

  • Key People:

  • Paul Roiter, CEO and Co-Founder

  • Phil Watts, Product

  • Max Whyte, Sales

  • Alisa McPhail, Marketing

  • Fred Leeming, Partnerships

  • Paris Baker, Customer Success

  • Headquarters: Senna Building, Gorsuch Pl, London, E2 8JF

  • Number of Employees: 80+

  • Revenue: No information is available

  • Known For: AI-powered Control Centre for Accounts Payable teams, automating and enhancing financial control processes.


Products


Transactions


  • Description: Proactive monitoring of Accounts Payable data to flag duplicate invoices, posting errors, overpayment risks, and suspicious activity before the pay run.

  • Key Features:

  • Real-time monitoring of payables

  • Risk detection for duplicate payments, currency errors, misapplied tax, incorrect amounts, payments to wrong vendor, and fraudulent activity.


Statements


  • Description: End-to-end workflow automating the tedious task of reconciling supplier statements.

  • Key Features:

  • Automated reconciliation of vendor statements

  • Improves audit processes and vendor communications

  • Significant reduction in vendor queries


Vendors


  • Description: Daily monitoring of the master vendor file, alerting to missing data, changes, and potential threats.

  • Key Features:

  • Identifying inactive and duplicate vendors

  • Proactive management of vendor data

  • Verification against exclusion and sanction lists


Helpdesk (NEW)


  • Description: AI-powered Accounts Payable ticketing tool that understands vendor emails, creates tickets, and generates AI responses.

  • Key Features:

  • Automatic ticket generation and email categorization

  • Manages vendor queries and reduces manual effort

  • Detects phishing and fraud attempts


Reports


  • Description: Self-serve analytics and customized reporting dashboards for Procure-to-Pay operations.

  • Key Features:

  • Build interactive reports in minutes

  • Automated updates for stored reports

  • Deep dive into data for process inefficiencies and optimization opportunities


Recent Developments


New Products Launched


  • Helpdesk: An AI tool for efficient vendor query management, designed to alleviate inbox stress for AP teams.


New Features Added to Existing Products


  • Statements Module: Inclusion of automated email requests for statement collection

  • Transactions Module: Enhanced AI capabilities for identifying duplicate invoices and fraud prevention


New Partnerships


  • BDO LLP: To drive digital P2P transformation by integrating Xelix’s AI-powered payables software.

  • YCP Consus: A global leader in procurement and supply chain transformation, enhancing P2P capabilities.

  • OJC Consulting: Focused on business transformation.


This report is structured to provide a comprehensive overview of Xelix based on the available information.