Policy without adoption
Measured on adoption. Accountable when controls fail.
Procurement managers live between two pressures. Make purchasing fast and easy enough that people actually use the system or the business routes around it by email and informal discussions. Keep it controlled enough that spend stays within policy and on budget, or maverick buying, unauthorized purchasing, and budget overruns follow.
Fraxion resolves the tension by making the system the policy. Guided requisitions, approved vendors and catalogs, configurable approval routing, and real-time budget visibility are built into every request — so purchasing is compliant by default. The system is the authorized way to buy.
Adoption simplified
The system guides employees through the right process, approved vendors, budgets, and policies from the very first field. Purchasing is compliant by default because the workflow is the authorized path, accessible from a browser, mobile app, or directly in Microsoft Teams, wherever work happens. When buying is this straightforward, the business uses the system because it is the easiest way to get a purchase approved.
Off-policy and maverick spend, prevented
Single to multi-level approvals, spending thresholds, budget checks, and vendor controls are configured to your organization’s policies and enforced automatically at the point of every request, before a commitment is even made. Approvals that exceed defined limits are escalated or flagged based on the rules you set. Off-policy spend is prevented before money is committed instead of being identified after the fact.
Real-time budget visibility
Committed spend, actuals, and available budget can be configured for every department, project, or fund. Budget holders see the full impact of a request before they approve it, from any device, so spending decisions are made with accurate, current numbers rather than estimates. Over-budget requests are flagged or escalated automatically based on the rules you set — so budget control is proactive, not a month-end reconciliation exercise.
A leaner vendor base and better pricing
Direct spend to approved vendors through PunchOut catalog integration or internal catalogs with pre-negotiated pricing and terms. Analyze spend by vendor, category, and department to identify consolidation opportunities, strengthen negotiating leverage, and drive more favorable terms. Regular spend analysis gives procurement managers the data to rationalize the vendor base and make supplier decisions based on performance and value. Customers report cost reductions of up to 20% through tighter spend discipline and more strategic vendor management.
PunchOut and catalog
Requesters buy from internal catalogs, integrated PunchOut vendor storefronts, and preferred suppliers, so purchases are guided to approved vendors, negotiated rates, and the right process by design.
Approval workflows and delegation of authority
Configurable approval routing by value, category, department, and budget, with delegation of authority, so the right person approves every time.
Best procurement practices at every step
Requests, approval workflows, spend policies, budget checks, PO generation, and receiving are structured into a single governed process, so best practices are followed by default and each step is auditable. Approval cycles are reduced as requests route automatically to the right approver, POs are generated on approval, and receiving is captured against the original order. Real-time spend visibility enables procurement managers to consolidate purchasing, identify savings opportunities, and make better decisions.
Spend analytics and benchmarking
Analyze spend by vendor, transaction, budget, and employee, with benchmarking against community best practices to identify where your processes stand, where savings opportunities exist, and where improvement is needed. Procurement managers have the data to make better decisions, drive continuous improvement, and report on performance and compliance with confidence.
4.5/5 ratings
“Excellent procurement software tool that assist you in achieving full procurement compliance.”
User friendly and well priced
Drives internal compliance
Easily customizable
Fantastic support team
Group Procurement Manager
Fintech
Rene A.
5/5 ratings
“Department heads can see where the request is throughout the process from purchase to payment of the invoice. It has streamlined our process tremendously. Excellent product. Highly recommend.”
Procurement Manager
Government Administration
Brent B.
5/5 ratings
“Reduces the risk of overspending and fraud by providing visibility and tools to control what is purchased and where. It is also configured to align with the organization’s policies, enabling employees to purchase what they need easily and quickly.”
Procurement Officer
Higher Education
Erick V.
