What we believe
The finance department of the future will look very different to today. No longer viewed as just a reporting centre, companies are investing heavily in finance transformation projects at an unprecedented rate, from wholesale ERP projects to the introduction of RPA and intelligent automation.
This is likely just the beginning; we believe this transformation wave is building and will only accelerate rapidly from here. The next (more interesting) phase is the wide-spread application of AI and cognitive tools across all parts of the finance function. These tools will move beyond task efficiency – providing decision making support and predictive insights for the CFO and her team.
It’s an exciting new dawn.
What we’ve done
We have initially focused on the area of payables and supplier management. We have built a new approach to spotting transactional and supplier risks. Existing solutions are either rules-based or rely on significant manual auditing. These approaches are fundamentally unsophisticated and time consuming.
We have set up a radically different technical architecture, leveraging data science and machine learning to produce a far more sophisticated tool to analyse risk.
This new approach, along with our commitment to making it as easy as possible to integrate our solution and provide “over and above” customer support, has paid dividends. We have won awards, formed great partnerships and seen rapid growth.
Where we’re going
But there’s so much more to do. We have a burning ambition to continue delivering finance tools fit for the future.
We have an incredibly ambitious roadmap. Driven by the goal to reduce risk, spot process inefficiency and deliver predictive insights, we will continue to build a standout capability within payables, whilst looking to bring our technology to other areas of the finance function.
We will continue to work closely with our customers and partners to deliver this roadmap, powered by our energetic, ambitious and down to earth team.
We implemented Xelix a year ago and have seen already many benefits from the duplication and suppliers error functionalities. The implementation is very quick and the software is very easy to use. The after sales service is excellent. Our account manager consistently has sought feedback and the software has been further developed to meet our requirements for reporting. The new functionalities to audit our suppliers database for duplicate vendors plus new bank details is also very useful for Fraud prevention. In addition, we use the software as part of our cash forecast process model for each entity and currencies.
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Awards & Accreditations
Invoice Forensic Platform of the Year (2019)
Best Invoice Data Monitoring Specialists (2019)