Skip to content
E
ERPResearch
Xelix logo

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
SAPOracleWorkdayMicrosoft 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.

Modules & capabilities

Xelix covers 16 of 50 capabilities we track in this category

32%
  • Bank statement ingestion (SWIFT/BAI2/CAMT/ISO 20022)
    Not evidenced
  • Direct multi-bank connectivity
    Not evidenced
  • Credit card & POS/gateway reconciliation
    Not evidenced
  • Payment processor / PSP reconciliation
    Not evidenced
  • Crypto & digital-asset reconciliation
    Not evidenced
  • Securities, positions & custody reconciliation
    Not evidenced

“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

  • 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

Used Xelix with your ERP? Rate it in 30 seconds — it helps every buyer after you.

Rate it

ERP integrations

SAPXelix daily SFTP feed
File-based
Reads from ERPInvoice dataAP transaction data

Daily SFTP feed, inbound only; supports SAP S/4HANA and SAP ECC.

Oracle Fusion CloudXelix daily SFTP feed
File-based
Reads from ERPInvoice dataAP transaction data

Daily SFTP feed, inbound only; supports Oracle Fusion and PeopleSoft.

WorkdayXelix daily SFTP feed
File-based
Reads from ERPInvoice dataAP transaction data

Daily SFTP feed, inbound only.

Microsoft Dynamics 365Xelix daily SFTP feed
File-based
Reads from ERPInvoice dataAP transaction data

Daily SFTP feed, inbound only.

InforXelix daily SFTP feed
File-based
Reads from ERPInvoice dataAP transaction data

Daily SFTP feed, inbound only.

Connector details independently verified against vendor marketplaces and documentation; last checked 2026-08-20.

Pricing

Full Xelix pricing breakdown — cost at 25/100/500 seats, competitor rates & FAQs

Model
Quote-based
Free trial
No

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.

What does Xelix cost?

Xelix prices by quote, like most of this category. Here is what actually drives your number — and what to ask before you get one.

  • Named usersa per-seat subscription, so cost scales with how many people need access (3 of 14 vendors here).
  • Modules selecteda base platform fee plus whichever functional modules you switch on (3 of 14 vendors here).
  • Data volumerows synced, storage consumed or compute used — usage-metered rather than seat-based (2 of 14 vendors here).
  • Implementation & onboardinga one-off setup fee on top of the subscription, quoted against your scope (2 of 14 vendors here).

By submitting, you agree that ERP Research may share your details with matched ERP implementation partners, who may contact you about your enquiry. Privacy policy

13 of the 14 vendors we track in this category publish no list price at all.

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.

Compare Xelix head-to-head

Free PDF · Vendor-neutral · No sales calls

The Bank Reconciliation Buyer's Guide

Before you commit to Xelix, 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

  • Xelix compared side-by-side with 13 alternatives
  • ERP integration checklist — what to verify before you shortlist
  • The pricing questions that change the quote
  • A Xelix evaluation brief, included with the guide
Free Download

Bank Reconciliation Buyer's Guide

By submitting, you agree that ERP Research may share your details with matched ERP implementation partners, who may contact you about your enquiry. Privacy policy

Sent to your inbox in seconds. No spam, one-click unsubscribe.

Join 2,000+ companies using ERP Research to find their ideal ERP

Get pricing for Xelix

Xelix 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.

By submitting, you agree that ERP Research may share your details with matched ERP implementation partners, who may contact you about your enquiry. Privacy policy

Join 2,000+ companies using ERP Research to find their ideal ERP