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AP automation

Process AP up to 5x faster with the same team

AP automation transforms accounts payable into a faster, more accurate process, automatically grading every invoice for risk before it reaches an approver, reducing manual effort, eliminating errors, and delivering measurable time and cost savings.

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AP automation

Companies we work with

Delta Air Lines
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iHeartMedia
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SiriusXM
Tulsa Airport
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Fraxion AP automation dashboard on a laptop with invoice insight cards

Automate AP with Fraxion

AP automation that scales with your business

Manual accounts payable processing is slow, costly, and difficult to scale. Late payments, invoice errors, and processing costs can drain the business. AP automation can reduce invoice cycle times from 10–14 days to as little as 2–4 days, helping finance teams process more invoices without adding headcount. 

Fraxion’s AP automation software extracts, reviews, codes, matches, and routes invoices for approval, reducing errors and automatically grading invoices for risk so approvers can focus on items that need closer review.

Finance teams gain real-time visibility into invoice status, outstanding liabilities, and payment cycles, while faster processing and early payment discount capture can help recover 1–2% of eligible spend and scale invoice volume without increasing operational costs.

Stronger control, fewer errors, and faster invoice processing with AP automation.

Available standalone or as part of Fraxion’s procure-to-pay suite.

Top-rated for AP automation
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Meet every AP deadline and close on time

 

80%

Time savings

Eliminate manual invoice capture, speed up accounts payable cycles and invoice processing.

 Up to 80%

lower cost per invoice

Reduce cost per invoice by up to 80% by replacing manual data entry with AI extraction, reducing processing time, and minimizing errors that lead to rework and exception handling.

95%+

Accuracy rates

Improve accuracy with AI-data extraction, reduce the risk of errors and the need for costly corrections and reconciliations.

Fraxion procure-to-pay dashboard on a laptop
Why automate AP?

Process more invoices. Spend less time on AP. 

Streamline accounts payable from invoice intake through payment. Fraxion automatically extracts invoice data, assesses risk, matches invoices, and routes them for approval—flagging exceptions and suggesting coding and next steps so your team can focus on what needs attention.

Once approved, invoices can be posted directly to your financial system for payment, or paid through Fraxion Pay.

FRAXION AP AUTOMATION

How Fraxion AP automation works

 

Invoice intake icon

Invoice intake

Speed up invoice processing with instant intake via upload, drag-and-drop, or vendor email. Invoices are automatically queued for AI extraction, with a live counter showing exactly what is processing, so your team always knows what is in progress. 

AI data extraction icon

AI data extraction

Improve accuracy and speed up invoice processing with AI that extracts line-item data from electronic and handwritten invoices, including single- and multi-page documents, in seconds. Capture invoice numbers, vendor details, tax rates, currencies, and values with confidence scores, so your team can quickly verify data against the original PDF side-by-side. 

Predictive coding icon

Predictive coding

Improve efficiency with AI-assisted coding that suggests GL codes and cost allocation options for each line item, each rated with a confidence level. Select Auto Code to apply the highest-confidence suggestions across an invoice in one click. Your team always retains the final say.

Invoice matching icon

Automated invoice matching

Manage risk and strengthen audit controls with automated 2- and 3-way invoice matching. Each match receives a confidence score and reasoning, while exceptions such as quantity and pricing discrepancies are flagged for review. Your team can accept matches with 90%+ confidence in bulk, while retaining judgment over exceptions. 

AI review icon

AI review

Accelerate invoice review with AI-assisted grading that evaluates every invoice across risk areas such as extraction accuracy, anomalies, matching, and vendor reliability. Exceptions are flagged and approval actions recommended, from safe to approve to do not approve, so your team can focus review where it matters most. 

Invoice approval icon

Invoice approval

Improve financial control and compliance by enforcing the right approval workflows and delegation of authority, whether your team approves invoices on the web or mobile app. AI extraction, coding, automated matching, and risk grading give approvers the information they need to make informed decisions, while keeping the final decision with your team. 

Invoice batching icon

Invoice batching

Speed up high-volume invoice processing by batching approved invoices into a single review and export workflow. Reduce repetitive work and keep payments moving by processing statement-level invoices as one batch, not one at a time.

AP insights icon

AP insights

Improve AP performance and keep processing moving with up-to-date metrics and trend charts in the work center. The AP Usage dashboard provides a deeper view of processing performance and usage across your AP automation process. 

APEX | AI ASSISTED RISK MANAGEMENT

AI flags exceptions. Your team makes the call.

APEX, a set of AI assistants that support your team at key decision points.

Automatically extract, grade, code, and match invoices, with exceptions flagged and recommendations provided to help your team focus review where it matters most. 

The judgment always stays with your team. 

APEX

EXTRACT

AI extracts line-item data from single- and multi-page invoices in seconds: invoice numbers, vendor details, tax rates, currencies, and values, replacing manual data entry.

APEX

CODE

AI-assisted coding suggests the right cost allocation for each transaction, with a confidence level for every option, so your team reviews a suggestion instead of starting from a blank field every time.  

APEX

MATCH

Automated matching lines up invoice line items against POs and receipts, providing a confidence score and reasoning. Accept high-confidence matches, focus manual checks where they matter. 

APEX

ADVISOR

AI-assisted grading and recommendations with transparent reasoning, flagging exceptions and suggesting next steps so your team catches issues before they become costly errors. 

Invoice work center
INVOICE WORK CENTER

Simplify day-to-day processing

Manage every invoice from a single screen — approve, assign, or action transactions without opening each one. See what needs attention, check status, and review risk, all at a glance. One consistent process handles invoices and credit notes alike, with no manual re-entry and nothing to duplicate. 

 

AI data extraction
apex extract

The foundation for accurate AP  

Reads every invoice automatically, extracting line-item data with a confidence score for each field — replacing hours of manual data entry and reducing the risk of human error. Low-confidence or missing values are flagged immediately, so issues get caught before they carry through to grading, matching, and approval. 

Predictive coding assistant
APEX CODE

Predictive coding. Your decision. 

Suggest the most likely cost allocation for every line item, with a confidence score for each suggestion. Apply the highest-confidence suggestions across an entire invoice in one click, cutting hours of manual coding while your team keeps final sign-off. 

Automated invoice matching
APEX MATCH

Match faster. Resolve exceptions sooner. 

Automatically compares every invoice line against the PO and, when three-way matching is used, the goods received to catch quantity and pricing mismatches before they become costly errors. Confidence scores and clear reasoning make every match easy to assess. Accept high-confidence matches in bulk and focus your time on the exceptions that require review.  

AI advisor
APEX ADVISOR

Spot the risk before you approve 

ADVISOR automatically grades every invoice and flags exceptions such as extraction errors, unusual amounts, and unmatched purchase orders. Your team can quickly see which invoices require attention and which present fewer risk indicators—without opening each invoice individually. 

Invoice approval
APPROVE

The final step, fully informed

By the time an invoice reaches approval, APEX has already extracted the data, matched it against the PO and, where applicable, the receipt, suggested the coding, and flagged items requiring review. This gives your team a complete view of the invoice and its risk indicators, so they can make an informed approval decision before it moves to payment. 

AP automation analytics
TRENDS & INSIGHTS

See AP bottlenecks before they become backlogs

Get up-to-date visibility into AP performance with metrics for approval time, cycle time, and bottleneck stages, right in the work center. Trend charts show whether performance is improving or slowing over time, while the AP usage dashboard tracks usage and processing volumes across your team. Together, these give your team visibility across the AP process, helping catch bottlenecks early and improve performance before delays build up. 

It used to take me a month and a half just to enter invoices; now I can easily get through each one in about three to four minutes. Fraxion pulls in all the details—prices, quantities, so it’s much easier to spot mistakes.

It’s made my job so much easier.

Elizabeth Sanchez

Purchasing & Inventory Manager | Monson Fruit Company

FAQs

Learn more about the benefits of AP automation.

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Catch costly errors before they become payments

Fraxion flags duplicate invoices, pricing mismatches, and quantity discrepancies in real time, cutting error rates, speeding up invoice cycles, and ensuring every invoice is accurate before it’s approved.

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Fraxion mobile invoice and budget apps