We’re excited to announce our partnership with ZAGENO, a collaboration that brings together Fraxion’s leading procure-to-pay automation with the biotechnology industry’s largest AI-powered lab supply marketplace.
This integration simplifies procurement by seamlessly connecting Fraxion users to ZAGENO’s extensive marketplace via PunchOut, providing access to over 40 million products from 5,300+ global suppliers—all in one place.
A solution for smarter procurement
By combining Fraxion’s procure-to-pay platform with ZAGENO’s marketplace, our biotechnology clients can gain access to over 40 million products from more than 5,300 global suppliers in one centralized location. This powerful integration not only simplifies the procurement process but also unlocks exclusive, pre-negotiated discounts typically reserved for larger enterprises, and allows organizations of all sizes to benefit from the group purchasing power that ZAGENO offers.
Key benefits for our biotechnology customers
- Maximize cost savings: Fraxion users can access preferred pricing through ZAGENO’s marketplace, empowering organizations to make smarter, more cost-effective purchasing decisions.
- Enhanced compliance and control: Fraxion’s proactive spend controls ensure that every purchase is aligned with budget and policy, helping to reduce financial risk and increase compliance across the board.
- Streamline procurement processes: This integration automates the entire procure-to-pay cycle, from requisition to payment, all while maintaining full visibility and accountability.
- Improved efficiency: Streamline ordering workflows and supplier management by comparing offers from multiple sellers on ZAGENO, seamlessly integrated with Fraxion's user-friendly procurement platform.
Focus on what matters most: research and innovation
At Fraxion, we understand the challenges biotechnology organizations face in today’s competitive landscape. Our partnership with ZAGENO will free up valuable time by automating procurement processes. This allows our clients to shift their focus from administrative tasks to research and innovation, while still maintaining control and visibility over their spending.
"Partnering with ZAGENO is a significant milestone in empowering our biotechnology clients to streamline procurement and manage spending more effectively," said Stanton Jandrell, CEO of Fraxion.
"This integration not only drives cost savings but also frees up valuable time by automating purchasing processes, enabling organizations to focus on research and innovation while maintaining full visibility and control over their spending. We're excited to deliver even more savings for our clients, ensuring each dollar spent goes further."
Access to discounts and simplified supplier management
With ZAGENO, Fraxion clients can manage just one supplier relationship while gaining access to thousands of global brands with consistent payment terms. The marketplace offers discounted access to top-tier lab supplies and products.
Jim Spang, Director of Business Development & Strategic Partnerships at ZAGENO, added, "With ZAGENO, you only need to manage one supplier, while accessing thousands of brands with consistent payment terms. Fraxion clients will enjoy discounted access to our marketplace, and we'll honor any existing discounts available through direct relationships or group purchasing programs."
Fraxion and ZAGENO transforming biotech procurement
This partnership between Fraxion and ZAGENO is an exciting step forward in transforming procurement for the biotechnology industry. By combining the best of both worlds—Fraxion's procurement automation platform and ZAGENO’s expansive marketplace—we are providing organizations with the tools they need to optimize procurement processes, ensure compliance, access competitive pricing, and free up time for critical research.
Together, we are empowering biotechnology companies to improve operational efficiency and achieve long-term cost savings.
Read the full press release here.