Last time you heard from us, we shared how Fraxses is transforming the audit of a major public utility. This month, we continue the story with another key engagement, this time at an audit institution. 

The engagement is a multi-year programme and involves the creation of a digitally-enabled audit function. Fraxses serves as the backbone of a unified platform that provides auditors with on-demand access to the data they need, dramatically cutting turnaround times, and eliminating the dependencies that once hindered audits.

The results speak for themselves: documentation requests, reconciliations and procurement compliance testing are now completed faster, with greater accuracy and far more efficiency than ever before, while embedded rules and Common Data Models ensure consistency across engagements.

Adoption of the Fraxses-powered solution has been rapid, and within its first year, the platform connected over 200 entities, achieving a combination of speed and reach that was previously unattainable. This acceleration enables auditors to move beyond manual processes, focusing instead on generating insight, improving effectiveness and delivering greater value early in the audit process. 

It’s no overstatement to say that Fraxses is revolutionising audit – and this is only part of the story. Read our latest blog to explore this landmark engagement in full.