Traxo Gains Visibility and Control with Graphite’s Outsourced Finance Solution
Industry
SaaS
Founded
2008
Services
FP&A, Bookkeeping, Tax
“I feel like I’ve got a resident expert from the SaaS world advising us. Graphite’s team always had a great expert response because this was probably the hundredth time they were dealing with any particular scenario.”
Andres Fabris
CEO – Traxo
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Traxo Background
Traxo, founded in 2008 by Andres Fabris, is the global leader in travel data capture and intelligence. With a mission to provide end-to-end visibility into corporate travel spend, Traxo enables organizations to track and manage their total travel activity, regardless of the booking channel.
Challenges
As Traxo raised capital and scaled, the company began to outgrow its internal financial processes, which relied on a single part-time bookkeeper. Andres Fabris, CEO of Traxo, felt that they were quickly outgrowing their bookkeeper’s capacity and capability, and the company lacked built-in redundancy in its financial operations.
Solution
Traxo engaged Graphite to help address their financial challenges. Graphite’s team worked closely with Traxo to build a consistent monthly close process, providing a resident expert from the SaaS world to advise on recognizing revenue and computing key metrics.
With Graphite’s support, the time required to prepare metrics and dashboards for board presentations decreased dramatically. The onboarding process was quick and streamlined, and Graphite took the opportunity to scrub all prior financials, giving Traxo’s leadership and board greater comfort in the accuracy of their financial reporting.
Results
By partnering with Graphite, Traxo gained consistency, expertise, and efficiency in its financial operations. The company benefited from having a multi-person team on both the accounting and FP&A sides, providing redundancy and a wealth of subject matter expertise.
Andres Fabris, CEO of Traxo, recommends Graphite to early-stage companies, particularly those in the SaaS space, that are trying to do everything themselves but could use cost-effective, scalable support. He advises seeking an outsourced finance solution as soon as the need arises, especially when dealing with external investors.
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