Energy Transfer, a Fortune 500 organisation, operates one of North America's largest and most diverse energy portfolios, with an annual turnover of $80 billion. With over 18,000 vendors across 49 countries, more than 500,000 invoices and 12,000+ vendor statements annually, Energy Transfer’s cash flow and vendor relations depend on efficient Accounts Payable processes and controls. Like many organisations, Energy Transfer was reliant on costly and time-consuming recovery audits, manual ticketing systems and unenjoyable labour-intensive processes.
By using AI to accurately identify and solve payment mistakes ahead of the pay run, reconcile supplier statements, cleanse master vendor data and generate management reports, the AP team has not only saved the company millions, but they’ve been able to shift their focus to add further value elsewhere in AP.
The webinar at a glance:
Join our webinar to hear from Jeff Santos, AP Analyst at Energy Transfer, who will be sharing his AP analysis, insights and experience around implementing AI, including how it’s:
- Prevented $250k+ in recovery audit fees
- Correctly identified $1.7m in recoupable overpayments
- Accurately detected $23.5M in overpayments and duplicate postings and $13M from being processed incorrectly
- Saved 1,533 hours in projected team time
- Wowed management with incredible AP performance
- Made the day-to-day life in AP role more engaging and enjoyable
Use this link to register now!
A little about Xelix
Xelix is an enterprise SaaS company offering an AI-powered Control Centre for Accounts Payable teams. We work with some of the largest global companies to automate and enhance their financial control processes.
We built Xelix to take the pain out of four core Accounts Payable processes: overpayment and fraud prevention, vendor statement reconciliation, master vendor data cleansing and AP/P2P reporting. Xelix is easy-to-use, cloud-based and flexible, making it suitable for large organisations across all sectors. We pride ourselves on providing 10/10 customer support and love to co-develop functionality with customers.
See our customer reviews here: https://www.g2.com/products/xelix/reviews
Visit our website: https://xelix.com/
