Case Study: Energy Transfer cuts AP costs and boosts productivity with Xelix

How Xelix enabled Energy Transfer to achieve three AP goals around cost savings, team productivity and morale

Energy Transfer, a Fortune 500 oil and energy company managing more than 500,000 invoices a year across 18,000 vendors, needed to improve AP efficiency, reduce recovery costs, and strengthen vendor data control. Its team was spending too much time on manual statement reconciliation, duplicate vendor cleanup, and reporting, while still relying on an outsourced recovery firm to find payment errors after the fact. Xelix’s AP automation platform was brought in to help eliminate these bottlenecks and make processes more proactive.

With Xelix, Energy Transfer implemented automated historical audit, statement reconciliation, vendor master data checks, and reporting tools. The results were significant: Xelix identified $1.7 million in historical duplicate payments, with $540,000 recovered so far, and helped the company move toward saving $100,000 in recovery firm fees. Statement reconciliation time dropped from 26 minutes to 8 minutes, saving an estimated 261 hours per year, and Xelix also uncovered that 20% of vendor data related to duplicate vendors.

Energy Transfer

Jeff Santos

AP Analyst