Case Study: Retail Giant Doubles Statement Reconciliation Volume with Xelix

How Xelix enabled retail giant to double statement reconciliation volume in one month

Retail Giant, a £2.2bn global retail organisation managing more than 12,000 suppliers, needed a better way to handle fast-growing statement reconciliation volumes. After struggling with two ineffective tools that couldn’t automate ledger uploads, accept multiple feeds, or handle common PDF statement formats, the team looked for a more efficient alternative and found Xelix’s Statements module.

Xelix implemented a straightforward, fast statement reconciliation setup that integrated with the company’s processes and improved usability for the finance team. In just two months, Retail Giant increased reconciled statements from 400 a month to over 900 a month, reaching 1,849 statements total, while also doubling team targets from 80 to 160 statements per person and enabling quarterly reconciliation for every supplier. The company also gained better visibility, faster reporting for auditors, and improved relationships with suppliers thanks to Xelix.