INSIGHTS
Data-driven spend analytics software for smarter decisions
Spend management software with embedded Microsoft Power BI analytics and reporting tools.
Vendor spend
Vendor spend
- Analyze spend by vendor.
- Easily report on vendor payment terms.
- Analyze managed spend (matched to a PO) vs. unmanaged spend (unmatched).
- Understand spend distribution and vendor concentration by location and category.
- Mitigate risk and avoid reliance on one vendor for products and services.
- Easily consolidate your vendor list with value-based insights.
- Identify trends and gauge the number of vendors used within a period of time.
Employee spend
Employee spend
- Analyze spend by employee within defined date ranges.
- View spend breakdowns by requests, purchase orders and invoices.
- Track spending trends by employee, cost center, or company.
- Understand spend distribution by employee.
- Identify high expenditure at employee level.
- Analyze employee spending against budget allocations.
Budget spend
Budget spend
- View and analyze spending against budgets.
- Evaluate budget spend by company, department, cost center, and financial period.
- Visualize budget amounts spent and remaining with actual, committed, and available budget reports.
- Improve spend predictability and forecasting with complete visibility into budget spend.
Transactional insights
Transactional insights
- Gain transactional spending insights into requests, purchase orders, and invoices.
- Get granular insights into transactional data, e.g., current states, items requested, and transactions by company or cost center.
- View purchase order accruals and better understand commitments.
- Report on open POs and easily consolidate orders to reduce costs.
- Identify your top invoiced items.
- Measure average order values, order frequency, vendor usage, and orders received within a defined period.
- Measure KPIs to optimize purchasing cycles and turnaround times.
Spend distribution
Spend distribution
- Visualize your organization's spend distribution by vendor, request, order, and invoice.
- Analyze total spend, the number of vendors, requests, orders, and invoices within a defined period.
- Identify spending trends over time for optimized resource allocation.
- Ensure equitable spend distribution among approved vendors and locations.
- Mitigate the risk of over reliance on one vendor per location.
- Manage KPIs and procurement targets by categories and locations.
Operational efficiency
Operational efficiency
- Compare and benchmark your organization's process efficiency against Fraxion community insights.
- Gain actionable insights to improve purchasing cycles and reduce turnaround times.
- Evaluate individual approvers and approval group performance.
- Identify and resolve process bottlenecks.
- Analyze workflow efficiency across the entire request-to-purchase order cycle, state by state.
- Determine where you can derive the greatest efficiency and value to fast track your ROI.
Compliance reports
Compliance reports
- Gain an overview of employee access, roles, and permissions to track policy compliance.
- Oversee and manage delegation of authority (DOA) processes to ensure appropriate approvals at each level.
- Gain threshold transparency with insights into approval thresholds for each approver and approval group.
- Generate reports on alert-triggering activities to enhance internal policy compliance, spend control, responsiveness, and operational efficiency.
Vendor spend
- Analyze spend by vendor.
- Easily report on vendor payment terms.
- Analyze managed spend (matched to a PO) vs. unmanaged spend (unmatched).
- Understand spend distribution and vendor concentration by location and category.
- Mitigate risk and avoid reliance on one vendor for products and services.
- Easily consolidate your vendor list with value-based insights.
- Identify trends and gauge the number of vendors used within a period of time.
Employee spend
- Analyze spend by employee within defined date ranges.
- View spend breakdowns by requests, purchase orders and invoices.
- Track spending trends by employee, cost center, or company.
- Understand spend distribution by employee.
- Identify high expenditure at employee level.
- Analyze employee spending against budget allocations.
Budget spend
- View and analyze spending against budgets.
- Evaluate budget spend by company, department, cost center, and financial period.
- Visualize budget amounts spent and remaining with actual, committed, and available budget reports.
- Improve spend predictability and forecasting with complete visibility into budget spend.
Transactional insights
- Gain transactional spending insights into requests, purchase orders, and invoices.
- Get granular insights into transactional data, e.g., current states, items requested, and transactions by company or cost center.
- View purchase order accruals and better understand commitments.
- Report on open POs and easily consolidate orders to reduce costs.
- Identify your top invoiced items.
- Measure average order values, order frequency, vendor usage, and orders received within a defined period.
- Measure KPIs to optimize purchasing cycles and turnaround times.
Spend distribution
- Visualize your organization's spend distribution by vendor, request, order, and invoice.
- Analyze total spend, the number of vendors, requests, orders, and invoices within a defined period.
- Identify spending trends over time for optimized resource allocation.
- Ensure equitable spend distribution among approved vendors and locations.
- Mitigate the risk of over reliance on one vendor per location.
- Manage KPIs and procurement targets by categories and locations.
Operational efficiency
- Compare and benchmark your organization's process efficiency against Fraxion community insights.
- Gain actionable insights to improve purchasing cycles and reduce turnaround times.
- Evaluate individual approvers and approval group performance.
- Identify and resolve process bottlenecks.
- Analyze workflow efficiency across the entire request-to-purchase order cycle, state by state.
- Determine where you can derive the greatest efficiency and value to fast track your ROI.
Compliance reports
- Gain an overview of employee access, roles, and permissions to track policy compliance.
- Oversee and manage delegation of authority (DOA) processes to ensure appropriate approvals at each level.
- Gain threshold transparency with insights into approval thresholds for each approver and approval group.
- Generate reports on alert-triggering activities to enhance internal policy compliance, spend control, responsiveness, and operational efficiency.
