Finance software for controllers and finance managers: a faster close with control built in | Fraxion

Controller reviewing a duplicate-invoice detection alert

Visibility & control

Catch errors early, before they become costly incidents

Controllers are accountable for accuracy and for closing on time, but the control points that determine both sit upstream, where you have the least visibility. Purchases happen outside policy. Invoices arrive without a matching purchase order. Duplicate payments surface in reconciliation after the money has been spent. Budget overruns appear at month-end, long after the commitment was made.

As transaction volume grows, manual processes compound the risk, more exceptions, more errors, and an audit trail that has to be reconstructed rather than retrieved.

Fraxion moves the controls upstream. Every purchase request, approval, budget review, and commitment is managed before it reaches AP, so by the time an invoice arrives, the purchase order exists, the approval is on record, and matching is a confirmation rather than an investigation.

A faster, more accurate close

Invoices are matched, coded, and approved. When procurement runs in Fraxion, invoices link to approved purchase orders and goods received, compressing the cycle further. With integration, approved transactions post directly to your ERP. Month-end deadlines become a review, not a reconstruction.

Audit-ready every day

The outcome that protects the controller’s credibility and their team’s time. An audit trail that builds continuously means evidence is always ready — not reconstructed under pressure during audit season. Your team can spend 50 - 70% less time on audit preparation with digital audit trails and records.

Mitigate the risk of errors and overpayment

Reduce risks with AI-assisted extraction, matching, and exception and duplicate identification before payment, not during reconciliation.

More capacity with the same team

Manage more invoice and transaction volume without needing to add any more finance staff. Productivity gains of 30-60% mean your team scales with the business rather than with the workload.

Real-time spend visibility and committed spend tracking

The capability that transforms cash flow forecasting from estimates to actuals. Committed, actual, and available spend is visible at decision points for every department, cost center, and entity.

Automated matching and exception detection

AI-assisted matching against the purchase order and goods received flags price, quantity, and duplicate exceptions with risk assessments and recommendations, for your team to review before approval and payment.

Pre-spend control

Company-wide policy, budgets, and approval authority enforced before commitment. Approvers see real-time committed, actual, and available spend before they act. Company funds are stewarded at the point of every decision, not reconciled after the fact.

ERP posting without re-entry

Approved, fully coded transactions post directly to your ERP, when integrated, so there is no manual re-keying, the risk of errors is reduced, and there are no reconciliation gaps.

How does Fraxion help controllers close faster?

Fraxion reduces month-end close time by processing invoices continuously throughout the period, matched, coded, and approved as they arrive rather than in a rush when the close needs to run. When procurement runs in Fraxion, invoices are automatically matched to an approved purchase order and goods received note. Approved transactions post directly to the ERP with full GL coding, when integrated, eliminating manual re-entry and reconciliation gaps. Month-end becomes a review of clean, complete data rather than a reconstruction from inboxes and spreadsheets.

Can Fraxion reduce our audit preparation time?

Yes. You can reduce audit preparation time by 50-70%. Because every transaction is logged automatically with supporting documents attached as it occurs, the evidence auditors need is already complete and retrievable. Every action, approval decision, and transaction is captured continuously in one centralized system, so audit preparation is a retrieval exercise, not a project.

Does Fraxion keep our GL data clean?

Will Fraxion slow our finance team down?

No. Controls are built into the workflow, so compliant transactions move quickly and only exceptions wait for review. Approvers act in seconds from a browser, mobile device, or Microsoft Teams. AI-assisted advisors surface exceptions with clear reasoning and a recommended course of action, so resolution is fast and confident. The controls add governance without adding friction for transactions that follow policy.

How does Fraxion improve cash flow forecasting for controllers?

Fraxion gives controllers the committed spend data and visibility to support more accurate cash flow forecasting. The moment a purchase request is approved, the committed obligation is visible in real time across every department, cost center, and entity. Controllers and finance teams use this data in their existing forecasting processes, replacing estimates based on invoices already received with actual committed obligations that reflect what has been approved and is on its way. The result is a more accurate forward-looking picture of cash obligations, earlier visibility into pressure points, and fewer surprises at month-end.

How does Fraxion protect against duplicate payments and invoice fraud?

Fraxion closes the gaps that duplicate payments and invoice fraud depend on. Every vendor requires formal approval before any spend can be committed and changes to vendor details are automatically logged in an audit trail. AI-assisted risk advisors assess every invoice, checking for duplicates, pricing anomalies, and discrepancies against the original purchase order before approval. Segregation of duties can be set up to ensure that no single person can request, approve, and pay for the same transaction.