ALL-IN-ONE SOLUTION

Powerful procure-to-pay software

All-in-one procure-to-pay software that automates purchasing, expense, and AP processes and informs decision-making to reduce your operational spend.

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Proactive spend management

Replace manual processes, automate and accelerate purchasing, expense, and AP workflows, and proactively manage your business spend with insights, transparency and compliance.

 

PunchOut

Purchase requisition-to-PO

Purchase requisitioning and automated PO processes

 

 

 

Multi-level approval workflows

Approval workflows

Flexible multi-level approval workflows

 

 

Invoice approval

AP automation

Invoice intake, AI data extraction and review, with invoice matching, approvals and batching capabilities.

 

 

Catalogs

PunchOut & Catalog

Simplified purchasing from approved suppliers

 

 

 

 

Budget control

Budget control

Real-time budget tracking and insights at decision points

 

 

Audit & policy compliance

Audit & policy compliance

Transparency and internal controls

 

 

Expense management & travel

Expense management & travel 

Expense and travel requests, per diems and cash advances

 

 

 

 

Project accounting

Insights

Embedded spend analytics and reporting power

 
Mobile app
Mobile app
Purchasing, expenses, budget review, approvals, and receiving from any location
Fraxion Badges (1)-2

 

See the features in action

PURCHASE REQUISITIONS

Easy, mobile requisitions & approvals

Easy requisitioning with quick data entry to submit, track, verify, and ensure purchase approval.

Invoice approval Submit purchase requests from any device or location

Tick Predictive coding enables faster multi-line request creation

Tick Attach supporting documents and centralize purchasing records

Tick Select from approved vendors or submit new vendors for approval

Tick Route requests through customizable multi-level approval workflows

Tick Receive instant notifications for requests requiring approval

Tick Approve requests instantly using the mobile app

 

INTERNAL CONTROLS

Manage budget and policy compliance

Effortlessly track and report on spending against budget, inform decision-making with real-time insights at approval points, and ensure compliance with spending policies with instant alerts.

Tick Active policy management

Tick Enable alerts and notifications to mitigate risk

Tick Audit trails and accountable spending

Tick Review budget impact before committing to spend

Tick Improve auditability detailed purchasing history and audit trails

PURCHASE ORDER AUTOMATION

Automate your PO process from approved requests

Auto-email professional company-branded email templates with attached PDF purchase orders to vendors, in seconds, on-the-go. 

Tick Speed up your PO process and improve accuracy

Tick Submit and approve change orders and revisions

Tick Track purchase orders with complete visibility and audit trails

Tick Receive goods and services against open POs via the web and mobile app

Tick Rate and review vendor performance

Tick Centralize records and link POs to invoices for easy matching and receiving

AP AUTOMATION

Free-up valuable AP time

Replace manual invoice capture and fast-track your accounts payable cycle with complete accuracy and risk management.

Invoice approval Instantly upload, email, or drag and drop invoices

Tick Save time and improve accuracy

Tick Simplify 2 or 3-way matching

Tick Replace manual invoice capture with multi-format intake and AI-data extraction 

Tick Automate invoice approval workflows

Tick Easily identify exceptions and eliminate overpayment and duplicate invoices

Tick Group multiple approved invoices into batches for payment

 

APA-2
PUNCHOUT, PUNCHIN & CATALOG

Integrate or host internal vendor catalogs

Gain integrated access to your preferred vendors’ eCommerce catalogs directly from Fraxion, or upload and self-manage internal catalogs. Empower your team to shop for business supplies from approved vendors, while leveraging your organization’s purchasing and approval rules configured in Fraxion.

Invoice approval Integrate vendor catalogs with Fraxion's PunchOut and PunchIn capabilities

Invoice approval Host internal digital catalogs for approved vendors or products and purchase at pre-negotiated prices

Tick Manage and simplify eProcurement and save

SPEND ANALYTICS & REPORTING

Drive strategic savings

Get a holistic view of your business spend to make strategic decisions and spend reductions that will positively impact your bottom line. Get actionable insights and identify saving opportunities with Insights, our embedded spend analytics platform.

Tick Gain transactional spending insights

Tick Visualize your data with dashboards and charts

Tick Analyze and report on spend by vendor, employee and budget, and location

Tick Benchmark your company's procurement processes with community insights

Tick Gain actionable insights to improve purchasing processes and cycle times

EXPENSE MANAGEMENT & TRAVEL

Manage expenses

With Fraxion's expense reporting software you can manage per diems, cash advances, travel requests, itineraries and expense reports with ease and fast-track reimbursement processes.

Invoice approval Mobile expense management and approvals

Invoice approval Snapshot and attach receipts

Invoice approval Travel requisitions

Invoice approval Fewer delays and errors and faster reimbursement

Invoice approval Expense and travel policy enforcement

ERP INTEGRATIONS

Connect Fraxion with your financial system

  • “

    Ease of use and ROI

    Fraxion is really easy to use. It’s kind of like when somebody picks up an iPhone, they can start using it immediately, it’s so intuitive. We definitely get a good return on investment. What’s more, Fraxion interfaces seamlessly with our Microsoft Dynamics GP finance system and keeps the full approval flow, so it’s easy for auditors to see that everything’s correct.

    Healthcare: aTyr Pharma
    Jason S, Associate Director, Operations.

  • “

    Cut approval times in half

    Before Fraxion, the purchase request, ordering and approval process was largely slow, bureaucratic, manual and paper-based. Fraxion has singularly improved transparency, eliminated 90% paperwork, cut approval times in half and summarily improved productivity in procurement. Fraxion has also allowed the continuation of work processes during the COVID-19 pandemic and has ultimately been a cornerstone to the Technology Support Services Digital Transformation Strategy.

    Non-profit: MUWRP
    Albert M, ICT Manager

     
  • “

    Accountability

    Fraxion has streamlined our purchasing and procurement process tremendously. And it definitely has alleviated the need for our buyer to do so much manual work. We have better accountability in tracking approvals.

    Utilities: Mesa Water District
    Anthony P, Controller

 

Book a custom demo

Get in touch to discuss your business requirements and arrange a demo.