
Save time and boost efficiency with AP automation
Transform the way you manage AP workflows with Fraxion's procure-to-pay solution, featuring AP automation, powered by Microsoft Azure AI Document Intelligence.
Fraxion automates the accounts payable process, from receipt of invoice to data extraction, to approvals and seamless posting to your financial system for payment processing.
The AI-driven tool eliminates the need for manual data entry, allowing you to effortlessly upload, drag and drop, or email invoices, triggering a seamless AP automation process. With the ability to swiftly extract line-item data from both electronic and handwritten invoices, whether single or multi-page, Fraxion ensures your accounts payable processes are fast, accurate, and hassle-free.
Improve accuracy and reduce risk
To accelerate processes and replace manual and time-consuming tasks associated with invoice processing. By automating the intake and extraction of relevant data, your finance team can significantly reduce errors, improve efficiency, manage risk, and free up valuable time.

How AP automation works
Invoice intake
Drag-and-drop, upload, or for added efficiency, have vendors email invoices directly to an inbox linked to Fraxion. Invoices are saved and ready for processing.
AI data extraction
Extract line-item level data from single to multi-page invoices within seconds. From the invoice number, line items, tax rates, currencies, and vendor info, to values.
Review
Quickly verify the accuracy of the extracted data against the original invoice. Fraxion offers visual guides and a confidence rating for easy review and edits, if needed.
Predictive coding
Unlock predictive invoicing with automatic approver assignment and department and GL coding, leveraging insights from past transactions.

INTEGRATION
Seamless ERP integration for enhanced AP efficiency
Fraxion seamlessly integrates accurate data into your financial system, eliminating duplicate entries and minimizing risks. This guarantees a smooth, error-free transfer, boosting efficiency and reducing the likelihood of overpayment and discrepancies.
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Risk mitigation and control are the biggest value adds
"Previously, bookkeepers faced the tedious task of uploading thousands of invoices to another system for approval across all countries. With Fraxion, the new process allows each requester to seamlessly upload their invoices directly into the system. Heads of Departments can then efficiently approve these invoices, fostering a more streamlined and controlled process that caters to the complexities of the entire organization."
Group Procurement Manager
Fintech -
Highly recommended for simplicity, approval management and faster processes
“We're able to keep our costs down and have the peace of mind that requests are getting the right approvals. Auditing has been smoother since implementing Fraxion. We get great support from the consultants as well. We're really happy with the system and get a good return on investment.”
Information Technology
Kelly C. -
Fraxion curtails unauthorized spend
“All items need to be fully approved on Fraxion in order for the purchase order to be generated. We will only make payment if there is a PO for the relevant supplier invoice. This has reduced the amount of unauthorized spend in the business.”
Group Financial Accountant
Lauren R. -
Excellent requisition solution
“This software has been a huge improvement over our previous system and has greatly enhanced the efficiency of our process. It is easy to use for our Accounting department and end users. We looked at multiple other products but chose Fraxion because it had the strongest requisition ability.”
Controller
Steve R.
AP automation

AP automation
Fraxion automates the entire accounts payable process, from receipt of invoice and intake to AI data extraction, to approvals, and posting to your financial system for payment.
Invoice matching

Invoice matching
- Easy receiving capabilities with alerts for over received items.
- Electronic 2 or 3-way matching
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Exception alerts promptly identify discrepancies between invoice and purchase order quantities and unit costs.
Invoice approval

Invoice approval
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Automate invoice approval workflows based on your organization's approval structures and spending thresholds.
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Stay informed with instant notifications containing direct links to pending invoices, minimizing the risk of delays in the approval process.
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Once approved, invoices are ready to be posted to your financial system for payment, or seamlessly transferred via Fraxion's integration capabilities.
Invoice batching

Invoice batching
- Group multiple approved invoices into batches for payment.
- Streamline the review process for multiple invoices before exporting.
- Save time and increase efficiency when processing payments for statements that include multiple invoices.
- Group by company, vendor, and currency, ensuring all relevant invoices are processed together.
AP Insights

AP Insights & analytics
Analyze and report on:
- Total value of invoices
- Total number of invoices within a selected period
- Average invoice age
- Variance value
- Total number of active vendors linked to invoices in a selected time period
- Invoice spend by month
- Total value of invoices by vendor for a selected time period

AP automation
Fraxion automates the entire accounts payable process, from receipt of invoice and intake to AI data extraction, to approvals, and posting to your financial system for payment.

Invoice matching
- Easy receiving capabilities with alerts for over received items.
- Electronic 2 or 3-way matching
-
Exception alerts promptly identify discrepancies between invoice and purchase order quantities and unit costs.

Invoice approval
-
Automate invoice approval workflows based on your organization's approval structures and spending thresholds.
-
Stay informed with instant notifications containing direct links to pending invoices, minimizing the risk of delays in the approval process.
-
Once approved, invoices are ready to be posted to your financial system for payment, or seamlessly transferred via Fraxion's integration capabilities.

Invoice batching
- Group multiple approved invoices into batches for payment.
- Streamline the review process for multiple invoices before exporting.
- Save time and increase efficiency when processing payments for statements that include multiple invoices.
- Group by company, vendor, and currency, ensuring all relevant invoices are processed together.

AP Insights & analytics
Analyze and report on:
- Total value of invoices
- Total number of invoices within a selected period
- Average invoice age
- Variance value
- Total number of active vendors linked to invoices in a selected time period
- Invoice spend by month
- Total value of invoices by vendor for a selected time period

Find out more about AP automation
What is AP automation?
AP automation, or Accounts Payable automation, is the use of a solution to streamline and enhance the processes involved in managing and processing invoices. This includes automating tasks such as invoice capture, data extraction, validation, and approval workflows to reduce manual efforts and improve efficiency and accuracy in the accounts payable department.
How does AP automation benefit businesses?
AP automation solutions offer several benefits to businesses, including increased efficiency, reduced data entry and errors, faster invoice processing, improved accuracy in financial data, enhanced compliance with procurement policies, and better utilization of resources. It also provides real-time visibility into the accounts payable process and helps organizations make informed financial decisions.
Is AP automation suitable for businesses of all sizes?
Yes, AP automation solutions are scalable and can be customized to suit businesses of all sizes. Small, medium, and large enterprises can benefit from AP automation by improving efficiency, reducing costs, and gaining better control over their financial processes.
How does AP automation enhance accuracy in financial transactions?
AP automation solutions use advanced technologies such as artificial intelligence (AI) and machine learning to capture, extract, validate, and match invoice data. This significantly reduces the likelihood of manual errors, ensuring that financial transactions are processed with a high degree of accuracy.
Can AP automation solutions integrate with existing financial systems?
Yes, Fraxion's AP automation solution integrates seamlessly with financial systems and enterprise resource planning (ERP) software. This ensures a smooth and accurate flow of data between different departments and systems within an organization.
See AP automation in action
Get in touch to discuss your business needs and arrange a customized demo of Fraxion's procure-to-pay solution, featuring AI-powered AP automation.