Real-time budget tracking
Guide and inform decision-making with real-time budget visibility at decision points. See the potential impact of purchases before approving requests to keep spending on budget and under control.
Simplify the way you track, manage and analyze spending against budgets
Replace manual budget tracking processes across multiple spreadsheets.
Enable informed decision-making with real-time budget visibility at decision points.
Prevent overspending with real-time alerts and notifications that flag potential risks.
Improve budget control
Manage multiple budgets with complete visibility and real-time analytics
Easily manage multiple budgets
Centralize spend control and real-time budget tracking for multiple companies, departments, projects, grants, and more.
Empower your team
Drive accountable spending and guide purchasing behavior with real-time alerts and notifications.
Review budget impact
Review the potential impact of spend before approving requests or committing to purchases.
Budget visibility on any device from any location for instant, informed and auditable approvals.
Point of decision analytics
Interactive data visualizations enable
faster, informed decision-making.
Seamlessly connect your ERP or
accounting system's budgets for improved accuracy and efficiency.
Gain budget visibility and control
Fraxion enables a real-time snapshot of the potential impact of spend with point of decision analytics that empower managers to make the right decisions when approving requests.
- Empower authorized employees with budget visibility before request submission or at the approval level.
- Track spending against multiple custom budgets, from cost allocations to departments, companies, projects, grants, funds, and more.
- Supports unlimited budgets per line item, from projects to grants, with up to 12 segments per budget structure.
- All budgets impacted by spending are updated in real-time.
- Quickly review committed, actual and available budgets for the current period as well as year to date.
- Review budget impact and reject or approve requests with confidence.
Track and manage spend by vendor and employee
When reviewing requests in Fraxion, interactive graphs and charts display spending that's occurred with a particular vendor, and the vendor spending history of the employee submitting the request or invoice.
At a glance, you can review:
● Total spend by vendor at the requisition, purchase order, and invoice level.
● View all related documents and purchase orders.
● Analyze vendor spend by employee.
Analyze your budgets
Approved financial roles can easily analyze and report on budgets by financial period or year with Fraxion's embedded analytics tool, Insights.
- Filter, analyze and report on total budget, actuals, committed, and available budget by cost allocation and company.
- Improve financial planning and spend predictability with granular budget insights.
Approve with confidence, wherever you are
Empower authorized managers with the ability proactively review real-time budgets and approve requests from anywhere, using Fraxion's mobile app.
- Get notified and instantly, review budgets, and approve, or reject requests.
- Make informed decisions and proactively manage spend.
What our customers are saying
Simplified reporting in tracking costs versus budgets
Pros: User friendly. Enhanced controls to minimize risk areas. Excellent supplier management tool.
Benefits: Correct procurement processes being followed and spend alerts to budget holders.
Finance Systems & Procurement Manager
Education Management, 201 - 500 employees
Cost effective and easy to use
Pros: The supplier management and budget visibility.
Benefits: I have had a pleasant, seamless experience. The implementation of Fraxion has assisted in meeting the company's objectives. It has given the procurement team visibility of overall spend.
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.”
Fraxion curtails unauthorized spend
“All items need to be fully approved in 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