Procurement software for proactive spend management
With Fraxion's procurement software, your business spend is always tracked, approved, policy compliant, and in budget.
Gain procurement process efficiency, spend visibility, and control
Fraxion’s cloud-based procurement software provides requisition-to-purchase order automation, and expense and approval management with advanced reporting and spend analytics. Gain complete visibility, spend control, budget insight, and policy compliance in one mobile, easy to use solution.
Buy
Automate and simplify purchasing processes with our procurement software from any location. Fraxion manages purchase requisitions, quoting processes, approval workflows, purchase order generation, vendor PunchOut, and internal catalog procurement.
Claim
Streamline expense management - create and submit claims via the web or mobile app, snapshot and upload receipts, and ensure compliance with spending policies while simplifying and speeding up approval processes.
Invoice
Speed up AP processes, invoice matching and approvals. Streamline 2 or 3-way matching and invoice approval to eliminate overpayments and duplicate invoices.
Travel
Streamline travel processes: From request creation to the processing of invoices, travel itineraries, travel expenses incurred and the processing of invoices against travel costs.
Analyze
Use our procurement software to gain transactional spending insights and analyze spend by supplier, employee and budget. Gauge the impact of spend before it's incurred. Make informed data-driven decisions with Fraxion’s business intelligence and reporting procurement tools.
Optimize
Using our procurement software, optimize your business processes and proactively manage your spend. Accelerate your approval workflows, achieve paperless efficiency and purchase at the lowest price. Time and cost savings will boost your bottom line.
-1.png?width=700&height=204&name=download%20(8)-1.png "Fraxion Procurement Software")
-
We get a good return on investment
“I’m a big fan of Fraxion, it’s really easy to use. With Fraxion, we enter the info in the system, even from remote locations. Everything goes through the approval process automatically. Most orders only take one to two minutes to complete.
What’s more, Fraxion interfaces seamlessly with our finance system and maintains the full approval flow, so it’s easy for auditors to see that everything is correct. We get a good return on investment, that’s for sure.”
Associate Director of Operations, Biotechnology
Jason S. -
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.