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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Easy, mobile requisitions & approvals
Easy requisitioning with quick data entry to submit, track, verify, and ensure purchase approval.
Submit purchase requests from any device or location
Predictive coding enables faster multi-line request creation
Attach supporting documents and centralize purchasing records
Select from approved vendors or submit new vendors for approval
Route requests through customizable multi-level approval workflows
Receive instant notifications for requests requiring approval
Approve requests instantly using the mobile app
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.
Active policy management
Enable alerts and notifications to mitigate risk
Audit trails and accountable spending
Review budget impact before committing to spend
Improve auditability detailed purchasing history and audit trails
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.
Speed up your PO process and improve accuracy
Submit and approve change orders and revisions
Track purchase orders with complete visibility and audit trails
Receive goods and services against open POs via the web and mobile app
Rate and review vendor performance
Centralize records and link POs to invoices for easy matching and receiving
Free-up valuable AP time
Replace manual invoice capture and fast-track your accounts payable cycle with complete accuracy and risk management.
Instantly upload, email, or drag and drop invoices
Save time and improve accuracy
Simplify 2 or 3-way matching
Replace manual invoice capture with multi-format intake and AI-data extraction
Automate invoice approval workflows
Easily identify exceptions and eliminate overpayment and duplicate invoices
Group multiple approved invoices into batches for payment
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.
Integrate vendor catalogs with Fraxion's PunchOut and PunchIn capabilities
Host internal digital catalogs for approved vendors or products and purchase at pre-negotiated prices
Manage and simplify eProcurement and save
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.
Gain transactional spending insights
Visualize your data with dashboards and charts
Analyze and report on spend by vendor, employee and budget, and location
Benchmark your company's procurement processes with community insights
Gain actionable insights to improve purchasing processes and cycle times
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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.
Mobile expense management and approvals
Snapshot and attach receipts
Travel requisitions
Fewer delays and errors and faster reimbursement
Expense and travel policy enforcement
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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