Xceptor
by Xceptor · Bank Reconciliation
Data automation platform for reconciliations, confirmations and post-trade ops.
Updated August 2026 · By the ERP Research Editorial Team · Independent and vendor-neutral.
- Works with
SAP- Deployment
- Cloud, On-premises
- Company size
- Enterprise
- Pricing
- Quote-based
- Founded
- 2003
- Headquarters
- London, United Kingdom
Overview
Xceptor is a data automation platform built for financial institutions, with reconciliations as one of its core, purpose-built solutions alongside tax processing, confirmations, client lifecycle management and post-trade operations. The platform ingests structured data (XML, JSON, CSV, Excel) and unstructured sources (PDFs, emails, SWIFT messages, faxes), normalises it, and applies configurable matching rules so operations teams can automate reconciliation and exception-management workflows without heavy IT involvement.
For reconciliations specifically, Xceptor supports inter-system, trade, and regulatory reconciliation types, with unlimited configurable match and comparison rules, tolerances, multi-way matching, and aging models to flag risk. Workflows are built through a drag-and-drop interface aimed at non-technical business users, and exceptions are automatically routed based on user-defined criteria with full audit trails. The company reports client results including a 97% reduction in reconciliation processing time for MarketAxess and 50-75% faster reconciliations for a global investment bank client.
Xceptor is aimed at capital markets participants -- asset managers, banks, custodians, hedge funds and securities services firms -- rather than general corporate ERP buyers. It reports serving over 100 financial-services clients across 60 countries, including 20 of the top 50 global banks and 8 of the top 10 global custodians, with named clients such as MarketAxess, Schroders and ICBC Standard Bank.
Modules & capabilities
Xceptor covers 19 of 50 capabilities we track in this category
38%- Bank statement ingestion (SWIFT/BAI2/CAMT/ISO 20022)Structured (XML, JSON, CSV, Excel) and unstructured (PDFs, emails, faxes, SWIFT messages) data ingestionSupported
- Direct multi-bank connectivityNot evidenced
- Credit card & POS/gateway reconciliationNot evidenced
- Payment processor / PSP reconciliationNot evidenced
- Crypto & digital-asset reconciliationNot evidenced
- Securities, positions & custody reconciliationConnector Marketplace covers trade/order management and risk systems; trade reconciliation typeSupported
“Not evidenced” means our research found no public documentation of this capability — the vendor may still offer it. Confirm on a demo.
Common use cases
- Automating three-way trade reconciliation across up to 15 million rows of data
- Replacing Excel-based manual reconciliation processes with a configurable no-code platform
- Ingesting and reconciling SWIFT messages and broker/custodian statements automatically
- Reducing dependency on vendor support tickets by letting internal teams build and deploy reconciliation rules
- Running regulatory reconciliation checks with full audit trails for compliance
- Onboarding new reconciliation types (cash, position, trade) onto a single platform
- Migrating legacy EUC (spreadsheet-based) reconciliation tools to a governed automation platform
Strengths & considerations
Strengths
- Business-user-configurable, no-code workflow builder aimed at reducing reliance on technical/IT teams
- Purpose-built for capital markets data types: SWIFT messages, broker/custodian statements, and other unstructured financial documents
- Reports 20 of the top 50 global banks and 8 of the top 10 global custodians as clients
- Multiple deployment models: Xceptor SaaS, client cloud, or on-premises
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SAP is listed under Accounting & Finance in Xceptor's own Connector Marketplace; no listing found on store.sap.com.
Connector details independently verified against vendor marketplaces and documentation; last checked 2026-08-20.
Pricing
Full Xceptor pricing breakdown — cost at 25/100/500 seats, competitor rates & FAQs
No published pricing; Xceptor sells via demo request and direct sales engagement, priced per client requirements. Get an independent shortlist with pricing guidance below.
What does Xceptor cost?
Xceptor prices by quote, like most of this category. Here is what actually drives your number — and what to ask before you get one.
13 of the 14 vendors we track in this category publish no list price at all.
Technical & security
- Hosting
- Xceptor SaaS, client-hosted cloud, or on-premises
- Compliance
- ISO 27001
About the vendor
- Founded
- 2003
- Headquarters
- London, United Kingdom
- Employees
- ~230
Alternatives to Xceptor in Bank Reconciliation
Xceptor — frequently asked questions
What is Xceptor used for?
Xceptor is a data automation platform used by financial institutions to automate reconciliations, tax processing, trade confirmations, client onboarding and post-trade operations, replacing manual and spreadsheet-based workflows.
Does Xceptor integrate with ERP or accounting systems?
Xceptor's Connector Marketplace lists SAP under its accounting and finance connectors, alongside trade/order management systems (Murex, Summit, Aladdin), risk and compliance platforms, and market data providers such as Bloomberg and Reuters.
Who typically uses Xceptor for reconciliations?
Xceptor's reconciliation customers are capital markets participants -- banks, custodians, asset managers, hedge funds and securities services firms -- rather than general corporate finance teams. Named clients include MarketAxess, Schroders and ICBC Standard Bank.
How is Xceptor priced?
Xceptor does not publish pricing. It sells through a demo-request and direct sales process, with pricing set per client based on requirements.
How is Xceptor deployed?
Xceptor offers three deployment models: a fully managed Xceptor SaaS environment, self-hosted deployment on the client's own cloud infrastructure, and traditional on-premises installation.
Compare Xceptor head-to-head
The Bank Reconciliation Buyer's Guide
Before you commit to Xceptor, see how it sits against the 14 bank reconciliation systems we track — on capability, ERP integration depth and what each one actually charges for.
Bank Reconciliation Buyer's Guide
14 systems compared · 2026
ERP Research
- Xceptor compared side-by-side with 13 alternatives
- ERP integration checklist — what to verify before you shortlist
- The pricing questions that change the quote
- A Xceptor evaluation brief, included with the guide
Bank Reconciliation Buyer's Guide
Get pricing for Xceptor
Xceptor doesn't publish a price. Tell us your ERP, seat count and must-haves and we'll come back with an independent view of what it should cost you — and which alternatives are worth quoting alongside it.