Xelix
by Xelix · Bank Reconciliation
AI-powered AP platform for invoice capture, duplicate payment detection, and reconciliation.
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
- Works with
SAP
Oracle
Workday
Microsoft Dynamics 365Infor- Deployment
- Cloud
- Company size
- Enterprise
- Pricing
- Quote-based
- Headquarters
- London, United Kingdom
Overview
Xelix is an AI-native accounts payable platform that bolts onto a company's existing ERP and AP systems rather than replacing them, adding controls, automation and cost recovery on top. It is organised into modules covering invoice capture (Capture), duplicate-payment and fraud detection (Transactions), supplier statement reconciliation (Statements), vendor query management (Helpdesk), master vendor data cleansing (Vendors), and self-serve AP reporting (Reports/Insight). Customers include large enterprises such as Kraft Heinz, GSK, General Electric, Merck, AstraZeneca, UPMC and BAT.
The platform ingests daily invoice, workflow and master-vendor data files (typically via SFTP) from the customer's ERP, plus optional email and SSO integration, so it does not require heavy IT involvement to deploy. Xelix reports processing 220M+ invoices annually across its customer base and being used by teams to prevent duplicate and erroneous payments, reconcile supplier statements at scale, and cut manual AP audit and query-handling effort. Named case studies report results such as $11.8M in prevented duplicate payments at Saint Luke's Health System, 33x more statements reconciled at Liberty Global, and $15M in overpayments prevented in year one at Equans.
Xelix is privately held, headquartered in London with a second office in Wilmington, Delaware, and raised a $160M Series B led by Insight Partners in July 2025, following a 2023 Series A led by FINTOP Capital. It reports 200+ global customers, a 98% customer retention rate, and SOC 2 Type II and ISO 27001 certification.
Screenshots & demo
Screenshots sourced from Xelix.
Features & capabilities
Capture (Invoice Processing)
Template-free AI extraction and validation of inbound invoices.
- Template-free invoice data extraction across formats
- Claimed 99%+ extraction accuracy from day one
- AI-agent-based exception resolution without IT tickets
- Automatic correction of extracted invoice data
- Feeds clean data downstream to raise straight-through processing rates
Transactions (Duplicate Payment & Fraud Prevention)
Real-time, 100%-coverage auditing of AP transactions before payment.
- Real-time audit of 100% of invoices pre-payment
- Analyses 500+ data points per invoice via ML models
- Duplicate invoice, overpayment and posting-error detection
- Risk-rated (high/medium/low) exception prioritisation
- Customised email alerts and task-assignment workflows
- Historic payment audit run at implementation to recover past overpayments
- Pre-built and custom reporting on exceptions and trends
Statements (Supplier Statement Reconciliation)
Automated reconciliation of inbound supplier statements at scale.
- AI scanning of inbound email to identify statement documents
- Automatic extraction of statement line items
- Reconciliation against ERP/AP records
- Identification of missing invoices and unused credit notes
- One-click sharing of reconciliation results with vendors
- Real-time reconciliation dashboard and analytics
- Audit trail for reconciled statements
Vendors (Master Vendor Data)
Daily monitoring and cleansing of the vendor master file.
- Daily automated scanning of the vendor master file
- Alerts on vendor record changes (e.g. bank details)
- Duplicate vendor record identification
- Inactive vendor detection
- Vendor database consolidation
Helpdesk (Vendor Query Management)
AI-assisted ticketing for inbound vendor queries.
- Automated ticket creation from inbound vendor emails
- AI-generated draft responses to common queries
- SLA tracking on vendor queries
- Phishing detection on inbound vendor email
- Configurable ticket workflows and routing
- Query-handling productivity reporting
Reports (Xelix Insight)
Self-serve reporting across Procure-to-Pay data.
- Self-serve, no-IT report building
- Consolidated view across systems, entities and business units
- Team productivity and SLA monitoring
Common use cases
- Auditing 100% of invoices in real time to catch duplicate payments and posting errors before the pay run
- Reconciling supplier statements automatically to surface missing invoices and unused credit notes
- Running a historic payment audit at implementation to recover past overpayments without a separate recovery-audit firm
- Handling high inbound invoice volumes without templates via AI-based capture
- Cleansing and monitoring the vendor master file to catch fraudulent bank-detail changes
- Automating first-line responses to routine vendor queries to cut AP helpdesk ticket volume
- Giving AP leadership self-serve reporting across P2P data without IT involvement
Strengths & considerations
Strengths
- Bolt-on model that layers onto an existing ERP/AP stack via daily file feeds rather than replacing it
- Combines proactive pre-payment transaction auditing with post-hoc historic overpayment recovery in one platform
- AI-native invoice capture claiming 99%+ accuracy without templates or a ramp-up period
- Named enterprise customer base (Kraft Heinz, GSK, GE, Merck, AstraZeneca) with publicly disclosed, dollar-figure case study results
ERP integrations
Pricing
No published price list; Xelix sells via a 'Get Quote' / demo request flow. Pricing is not published on the website. Get an independent shortlist with pricing guidance below.
Technical & security
- Hosting
- Cloud-hosted on AWS (SaaS); data residency options in EU, US or UK
- Compliance
- ISO 27001, SOC 2 Type II, GDPR
About the vendor
- Headquarters
- London, United Kingdom
- Employees
- 100+
- Ownership
- Private (backed by FINTOP Capital and Insight Partners)
Alternatives to Xelix in Bank Reconciliation
Xelix — frequently asked questions
What does Xelix do?
Xelix is an AI-native accounts payable platform that bolts onto a company's existing ERP to automate invoice capture, detect duplicate payments and fraud before they are paid, reconcile supplier statements, cleanse vendor master data, and manage vendor queries.
What ERPs does Xelix integrate with?
Xelix documents integrations with SAP (S/4HANA and ECC), Oracle (Fusion and PeopleSoft), Workday, Microsoft Dynamics 365 and Infor, typically via a daily SFTP file feed of invoice, workflow and master vendor data rather than a live API connection.
How is Xelix priced?
Xelix does not publish pricing on its website. Prospective customers request a quote or demo, and pricing is negotiated based on the company's invoice volume and modules selected.
How long does Xelix take to implement?
Xelix reports that customers can go live in as little as 7 weeks, with the Transactions module typically implemented in 4-6 weeks and initial ROI visible within 60 days, since setup mainly requires connecting daily data feeds rather than deep IT integration.
Is Xelix a recovery audit firm?
No. Xelix positions itself as a technology alternative to traditional recovery audit firms: it runs a one-off historic payment audit at implementation to recover past overpayments, then continuously audits new transactions in real time to prevent future overpayments before they are paid.
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