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.
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 connectivityNot evidenced
- Credit card & POS/gateway reconciliationNot evidenced
- Payment processor / PSP reconciliationNot evidenced
- Crypto & digital-asset reconciliationNot evidenced
- Securities, positions & custody reconciliationNot 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
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Rate itERP integrations
Daily SFTP feed, inbound only; supports SAP S/4HANA and SAP ECC.
Daily SFTP feed, inbound only; supports Oracle Fusion and PeopleSoft.
Daily SFTP feed, inbound only.
Daily SFTP feed, inbound only.
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
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.
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
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
Bank Reconciliation Buyer's Guide
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.