Case Study: Wilko achieves 95% statement reconciliation coverage and 10x faster reconciliation with Xelix

How Wilko increased their statement reconciliation coverage from 15% to 95%, boosting productivity

Wilko, a UK retailer with 412 stores and £1.3 billion turnover, was struggling with time‑consuming duplicate‑payment investigations and a cumbersome supplier statement reconciliation process that only covered about 15% of statements. Finance and Administration Manager Angie Fong turned to Xelix, initially using Xelix Protect to detect duplicates and then adopting Xelix’s automated Supplier Statement Reconciliation module to tackle the reconciliation backlog.

Xelix’s solution automated statement matching and pre‑payment duplicate checks, cutting reconciliation time from around 10 minutes to about 1 minute (10x faster), increasing coverage from 15% to 95%, delivering a positive ROI from day one and meeting/exceeding audit requirements. The Xelix implementation recovered historic credits, strengthened cash‑flow control and supplier relationships, and freed the team to scale reconciliation across other business areas.

Wilko

Angie Fong

Finance and Administration Manager