BUSINESS INTELLIGENCE

Budget insight & risk analytics

Fraxion leverages data to enable better decision making and accountable spending

 

Request a demo

Visibility is key to accountable spending

Operating a business with a decentralized workforce can present challenges when it comes to purchasing and expenditure. How do you encourage staff to spend responsibly when they have no visibility of available budget or committed spend? Email or paper-based processes are completely ineffective and fraught with inaccuracies and delays. Enforcing spending policies is near impossible, and out-of-budget purchases or duplicate payments are only uncovered after-the-fact, putting your organization and its profitability at risk.

Mitigate these risks by automating and centralizing processes with predefined policies, enable visibility and mobile access to real-time data and analytics with alerts and notifications for non-compliance.

Fraxion’s business intelligence tools provide end-to-end transactional visibility that enables spending without the risk, wherever you are. Fraxion’s BI pop-up provides a real-time snapshot into the potential impact of spend with point of decision analytics that empower users to make the right decisions - approvals have never been easier.

 

Financial Services Budget insight

Budgets can be viewed at request or approval stage, based on your configuration

Make informed decisions with insight into real-time budgets

Eliminate overspending

 

Visibility Risk analysis

Quantify the level of risk in purchases before approving

Fraxion tracks regular spending patterns and flags potential risk, prompting further verification when irregular patterns occur

 

Approval Active policy management

Configure company policies and approval hierarchies

The alerts engine triggers email-based notifications to an additional contact to ensure the necessary users are aware of a potential risk or compliance issue as it happens

Escalation ensures that spend and approval limits are not exceeded without approval,  relevant contacts are notified and can intervene where necessary

Alerts highlight risk, budget contraventions and breach of policy

 

Catalog Spend analytics

Analyze operational spend at a granular level, drill down to users, suppliers, departments and any spend category

Track spend to project or cost center budgets for analysis and reporting efficiency

Access detailed audit trails for every request raised in Fraxion

 

 

                                               Take the risk out of approvals

 

Budget

 

 

                              Budget insight

 

“With Fraxion we've been able to systemize spending in an automated end-to-end process to monitor budgets, cut down on transaction

processing time, provide visibility at all stages of approval and ensure that there is an audit trail of all completed activities.”

 

                                                                   Ruan A, Executive: Finance - Transaction Capital Recoveries

FILL THE FORM

Want to work with us?